Author: Aissatou Diallo
Publisher: International Monetary Fund
ISBN: 1589068548
Category : Business & Economics
Languages : en
Pages : 28
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Book Description
Many Sub-Saharan African (SSA) countries, like Benin, have scaled up public investment during the last decade. Such a strategy contributed to the improvement of infrastructure, but also to a build-up of debt vulnerabilities. Looking forward, the planned fiscal consolidation will result in some restraint of public spending, and, in particular, public investment. In this context, maintaining or even raising the region’s economic growth will require an offset by the private sector. The analysis draws lessons from countries that have successfully transitioned from public investment to private investment-led growth using a global sample starting in the mid-1980s. These lessons highlight policies that have been crucial in fostering a rebound of private investment in the wake of a contraction of public investment. The analytical framework proposed by Hausman, Rodrik and Velasco (2005) is used to identify and classify such policies. Finally, the paper analyses how the identified policies could help Benin achieving a smooth transition from public to private sector-led growth.
Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
ISBN: 1498323863
Category : Business & Economics
Languages : en
Pages : 54
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Book Description
This Selected Issues paper discusses a growth-at-risk (GaR) model which is used to compute a distribution of expected GDP growth for Benin. The model predicts growth rates of ~6.7 percent for 2019 and a range of 6.4–6.8 percent in the medium-term (depending on the specification). Risks to future growth are assessed to be tilted to the downside. 2019 GDP growth is estimated around 6.7 percent, on average, across several specifications. The model considers external factors (world trade, global financial conditions, trade policy uncertainty, and US consumer sentiment), country-specific exposures to external factors (commodity terms of trade and trade-partner growth), and domestic factors (domestic financial conditions, fiscal policy, and the exchange rate). The analysis reveals that growth projections estimated both for the median and mode are slightly higher conditioned on 2018 data, yet when expectations about 2019 are considered using World Economic Outlook projections they fall. Overall, risks seem to be tilted to the downside. Medium term growth is estimated at between 6.4 and 6.8 percent. Risks to growth remain tilted to the downside, yet less skewed than in the short term.
Author: United States. Congress. House. Committee on Appropriations. Subcommittee on Foreign Operations, Export Financing, and Related Programs
Publisher:
ISBN:
Category : Economic assistance, American
Languages : en
Pages : 1918
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Book Description
Author: Aad van Tilburg
Publisher: Springer Science & Business Media
ISBN: 1461545234
Category : Technology & Engineering
Languages : en
Pages : 300
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Book Description
Agricultural markets have entered a long-term process of liberalization, with the aim of reducing imposed market imperfections such as monopolistic public trade, entry barriers and subsidies. The experience of more than a decade of agriculture liberalization offers a good opportunity to review and analyze the outcome of this process and to draw lessons for the future. The central topic in Agricultural Markets Beyond Liberalization is the relationship between market structure and how markets perform in a dynamic context during a liberalization process. The topic is studied from both a micro and macro viewpoint and refers to different types of agricultural markets. This volume brings together the dynamics of agricultural markets in several parts of the world, with a special focus on transition economics and Africa. The different studies cover geographical areas as wide as a district as well as a group of countries, and institutions from individual contracts to multi-national organizations. The analysis of liberalization under different circumstances, and the different methods of analysis used by the authors provide a valuable foundation for the assessment of liberalization.
Author: Christine Kessides
Publisher: World Bank Publications
ISBN: 9780821326275
Category : Business & Economics
Languages : en
Pages : 98
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Book Description
This paper explains why tough public sector reform and a sound macroeconomy are essential to sustained growth. It provides a strategy to help countries evaluate how well their governments' policies work. Decisionmakers will learn ways to build an evaluations program that can make governments more accountable and improve their performance. Some options could include making central banks independent, eliminating earmarked funds, and balancing the national budget. The author suggests which government offices should oversee and develop evaluation policies to get the best results, and explains why evaluation results must be linked with all budget decisions. He describes the political and economic environment that allows the evaluation process to develop freely. Also discussed is the role that the World Bank and other insti- tutions should play in supporting evaluation programs. The study examines how sound evaluation can lead to more consistent international policies and better international governance.
Author: E. Wesley F. Peterson
Publisher: John Wiley & Sons
ISBN: 1405185872
Category : Business & Economics
Languages : en
Pages : 322
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Book Description
A Billion Dollars a Day “This text provides a good narrative on the economics of government intervention, the structure of the world food system and history of the WTO, and the provision of farm subsidies by developed economies, with a special focus on the U.S. and EU.” P. Lynn Kennedy, Louisiana State University “This extremely well-researched and documented book provides a comprehensive overview of the impact (both intentional and unintentional) that developed nations’ agricultural policies can have on underdeveloped agricultural-based nations.” Jay E. Noel, Cal Poly State University “This text’s discussion and explanation of subsidies is well developed in a historical and international context that is not found elsewhere.” Conrad Lyford, Texas Tech University “Peterson has done a nice job of taking complicated issues and explaining them in a manner that is understandable for students with limited background in policy, development, and trade. This well-written text brings both a U.S. and a world perspective to the timely and important topics of government farm policy and food prices.” Rick Whitacre, Illinois State University Why do Europe, the United States, and some key Asian countries spend, in aggregate, a billion dollars a day on various agricultural price supports, when much of this money ends up in the hands of large agribusiness? In a lively, non-technical, and up-to-date account, this book addresses the core questions that surround the issues of agricultural subsidies. Peterson provides a detailed examination of subsidy histories and the current policies of the United States, various European countries, Australia and New Zealand, and Korea and Japan. Also included is a discussion of how these policies affect developing countries – examining, in particular, their impact on farmers in low-income countries.
Author: McMillan, Margaret
Publisher: Intl Food Policy Res Inst
ISBN: 0896292142
Category : Political Science
Languages : en
Pages : 328
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Book Description
Author: Mr.Alberto Alesina
Publisher: International Monetary Fund
ISBN: 1451960433
Category : Business & Economics
Languages : en
Pages : 52
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Book Description
This paper studies how the composition of fiscal adjustments influences their likelihood of “success”, defined as a long lasting deficit reduction, and their macroeconomic consequences. We find that fiscal adjustments which rely primarily on spending cuts on transfers and the government wage bill have a better chance of being successful and are expansionary. On the contrary fiscal adjustments which rely primarily on tax increases and cuts in public investment tend not to last and are contractionary. We discuss alterative explanations for these findings by studying both a full sample of OECD countries and by focusing on three case studies: Denmark, Ireland and Italy.
Author: Laure Redifer
Publisher:
ISBN: 9781513551371
Category :
Languages : en
Pages : 119
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Book Description
This paper explores some of the key factors behind Rwanda key successes, including unique institution-building that emphasized governance and ownership; aid-fueled and government-led strategic investment in people, infrastructure, and high-yield economic activity;re-establishment and expansion of a domestic tax base; policies to reduce aid dependency by attracting private investment and bolstering exports; and a purposeful strategy to harness the economic power of gender inclusion.
Author: African Development Bank
Publisher: OECD Publishing
ISBN: 9264046445
Category :
Languages : en
Pages : 689
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Book Description
The African Development Bank and OECD's annual assessment and projections for the African economies, now covering 35 countries.
