2 edition of Public investment, growth and fiscal constraints found in the catalog.
Public investment, growth and fiscal constraints
|Statement||editor, M. Florio|
|LC Classifications||HC241.25.E38 P82 2011|
|The Physical Object|
|Pagination||xxi, 302 p. ;|
|Number of Pages||302|
|LC Control Number||2010929043|
Myanmar Public Expenditure Review Fiscal Space for Economic Growth. c b. Tweet Like Share # Shares: 0. These challenges are exacerbated by policy and institutional capacity constraints. Fiscal buffers are limited by low revenue (10 to 12 percent of GDP), with considerable economic activity in either hard-to-tax sectors or dominated. public investment on economic growth and productivity is, therefore, to test the hy- High fiscal deficits may reduce the available credits and/or raise interest rates, crowding out the private sector from profitable investment opportunities. Because of technical constraints, and the time it takes to decide on, build andFile Size: KB.
Fiscal Policy and Growth: Overcoming the Constraints 91 However, their overall ﬁ scal position ahead of the crisis fell short of what had been a consistent policy goal for economies confronting weak demographic trends: to run surpluses, or at least balanced budgets, at times of strong economic growth. Effects of public investment on economic growth 14 Effects of public capital on productivity 15 Effects of public investment on poverty and inequality 16 Effects of public capital on poverty and inequality 16 Summary 17 4 The poverty impact of public investment: methods 18 Project appraisal
Fiscal Politics edited by Vitor Gaspar, Sanjeev Gupta, and Carlos Mulas-Granados, published by the IMF in March, discusses how politics, through elections, political fragmentation, or ideological biases, can distort optimal fiscal policy, and how fiscal rules and institutions can mitigate the resulting negative effects. The book is the first. Growth rates refer to the percentage change of a specific variable within a specific time period, given a certain context. For investors, growth rates typically represent the compounded annualized.
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Public investment, growth and fiscal constraints; challenges for the EU new member states. by Massimo Florio. Edward Elgar Publishing pages $ Hardcover HJ In this work, European contributors reveal that there is a convincing case for public investment as an essential driver of convergence and growth in Europe.
Get this from a library. Public Investment, Growth and Fiscal Constraints: Challenges for the EU New Growth and fiscal constraints book States. [Massimo Florio] -- This book makes a unique contribution in advancing understanding of the fiscal condition and growth potential of the New Member States of the European Union.
It provides new data, policy evaluation. Public Investment, Growth and Fiscal Constraints: Challenges for the EU New Member States. Anil Duman 1 Eastern Economic Journal vol Cited by: 1. public investment should be exempted from fiscal constraints and/or that fiscal rules should focus on net debt or even on net worth (for example, Buiter () and Sawyer ()).
Balassone and Franco () present descriptive evidence of a potential negative effect of SGP rules on public investment in fixed capital. InFile Size: KB. Introduction: Public Investment, Growth and Fiscal Constraints in the EU; Chapter 1: Budget Deficits, Public Debt and the Level of Public Investment; Chapter 2: Recent Advances in Public Investment, Fiscal Policy and Growth; Chapter 3: Public Investment under Disequilibrium: A Post Keynesian ViewpointCited by: 3.
Public Investment, Growth and Fiscal Constraints Challenges for the EU New Member States Edited by Massimo Florio. This book makes a unique contribution in advancing understanding of the fiscal condition and growth potential of the New Member States of the European Union.
The core research questions are the effect of public investment in Cited by: 2. This book explores how public investment matters for growth, how fiscal conditions may support investment, and the role EU regional policy can have in.
The book focuses on a very timely topic, given the low-growth prospects and fiscal policy constraints facing the current and prospective Eurozone member countries. The book is divided in three parts, each part consisting of three chapters. The first part looks at the contribution of public investment to growth from both a.
Key areas here include the impact of fiscal constraints on public investment (Servén, ), the link of these constraints with optimal infrastructure investment needs at different stages of Author: Luis Serven. Public Investment under Fiscal Constraints. The main findings suggest that the structure of public debt matters to economic growth in every decomposition made.
In this book the main. Through the provision of both social and economic infrastructure, public investment can serve as an important catalyst for economic growth. A significant body of theoretical and empirical resource underscores the positive relationship between investment in high-quality public infrastructure and economy-wide productivity.
In the October before their public investment drives, which were in fact modest, compared to the size of the economies. Well-known cases of growth revivals, such as China and Vietnam, were triggered by the abolition of price controls in the Agricultural sector, and were not preceded by major public investment drives.
Downloadable. EU New Member States must comply with the Stability and Growth Pact (SGP) and the investment requirements implied by the Lisbon Agenda. However, the SGP rules may result in underinvestment or distortions in the allocation of public expenditure.
This paper provides new evidence on the effects of debt sustainability and SGP fiscal constraints on government. This book, co-authored by the Nobel-prized economist, Kenneth Arrow, considers public expenditures in the context of modern growth theory.
It analyzes optimal growth with public capital. A theory of 'controllability' is developed and injected into public economics and growth models. Originally published in Cited by: Over the past three decades, public spending on infrastructure, as a share of GDP, has been on the decline worldwide.
Although the link between infrastructure investment and economic growth is not yet fully understood, the quality of infrastructure clearly affects a country's productivity, competitiveness in export markets, and ability to attract foreign investment.
The new member states (NMS) of the European Union must comply with the Stability and Growth Pact (SGP) and the investment goals implied by the Lisbon Agenda. However, the SGP rules may result in underinvestment or distortions in the allocation of public expenditure.
This paper provides new evidence on the effects of debt sustainability and the SGP fiscal constraints on Cited by: Economic Growth with Constraints on Tax Revenues and Public Debt: Implications for Fiscal Policy and Cross-Country Differences Joshua Aizenman, Kenneth Kletzer, Brian Pinto.
NBER Working Paper No. Issued in January NBER Program(s):International Trade and Investment Program, Public Economics Program.
Fiscal Policy and Private Investment in Developing Countries Recent Evidence on Key Selected Issues Ajay Chhibber and Mansoor Dailami The key to sustained recovery in developing countries is the revival of private investment.
This revival requires a coordi-nated set of credible policies -fiscal, exchange rate, tax, and public expenditure File Size: 1MB. the trajectories of public investment and the primary fiscal deficit, both as ratios to GDP. There is a clear comovement between the two series, with investment falling sharply during the fiscal adjustment of the s as well as during the post-Maastricht Size: KB.
The second session of the workshop included selected papers on public investment under fiscal constraints. High-profile authors and discussants from the academia and international institutions distilled lessons on how to best conduct fiscal policy to.
The BBS data showed the slow pace of growth in investment is mainly due to public investment: in fiscalpublic investment to GDP was .B. A Growth-Oriented Approach to Fiscal Policy viii. A common diagnostic approach was used to guide the design of a growth-oriented fiscal policy in the country case studies.
Study teams sought to identify constraints to higher growth and to assess if these were “fiscal constraints”, requiring. The tendency toward compression of public investment at times of fiscal austerity underlies the fact that investment is the most volatile of all public spending items, as Talvi and Végh () document using data from developing economies and Lane () documents using data from industrial countries.
Of course, declining public investment would be of little Cited by: