2 edition of Fiscal issues in adjustment in developing countries found in the catalog.
Fiscal issues in adjustment in developing countries
|Statement||edited by Riccardo Fainiand Jaime De Melo.|
|Contributions||Faini, Riccardo., De Melo, Jaime.|
|The Physical Object|
|Number of Pages||231|
Various authors have documented that fiscal policy tends to be procyclical in developing countries in comparison with industrialized countries. 89 Most studies look at the procyclicality of government spending, because tax receipts are particularly endogenous with respect to the business cycle. Indeed, an important reason for procyclical. NEER Working Paper # May Some Thoughts on the Role of Fiscal Policy in Stabilisation and Structural Adjustment in Developing Countries ABSTRACT The paper analyses the role of fiscal policy in the restoration of internal and external macroeconomic equilibrium snd in achieving structural adjustment i.e. major changes in the patterns of sectoral and by:
Read this book on Questia. IN SEVERAL Latin American countries in the s and s, persistent inflation and balance-of-payments difficulties called forth a variety of policies for economic stabilization. Structural Adjustment in Rich Countries. As the global financial crisis which started in the West around has taken hold, many rich nations themselves are facing economic problems. Perhaps surprisingly many have prescribed to themselves structural adjustment and austerity programs. Some have been pressured onto them by others.
In other words, just when developing countries need to manage the pandemic, most have seen their fiscal space evaporate and face large funding gaps. The standard prescription for revenue collapses and external financing problems is a combination of austerity (to bring spending in line with income), devaluation (to make scarce foreign exchange. relations in developing countries like Argentina, Brazil, Colombia, South Africa, India or China, but in this paper, we shall go beyond this and stress the special issues that arise in decentralization in developing and transition economies pri-marily because the institutional context, and therefore the structure of incentives.
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The book deals with aspects of the recent fiscal crisis in developing countries. Fiscal Issues in Adjustment: An Introduction; R. Faini and Melo - Fiscal Issues in Adjustment Programs; - Orthodox Models for Adjustment and Growth; l - Fiscal Issues in Macroeconomic Stabilization: A Structuralist Perspective; ISBN: OCLC Number: Description: pages: illustrations ; 24 cm: Contents: Fiscal Issues in Adjustment: An Introduction / Riccardo Faini and Jaime de Melo --Fiscal Issues in Adjustment Programs / Vito Tanzi --Orthodox Models for Adjustment and Growth / Peter J.
Montiel --Fiscal Issues in. The book deals with aspects of the recent fiscal crisis in developing countries. Macro aspects cover theoretical underpinning of fiscal policy, the size of the required adjustment and the link between internal and external transfers.
Micro aspects cover. Tanzi V. () Fiscal Issues in Adjustment Programs. In: Faini R., de Melo J. (eds) Fiscal Issues in Adjustment in Developing Countries. Palgrave Macmillan, LondonCited by: 8.
Downloadable. Adjustment to the macroeconomic crises of the eighties was least successful on the fiscal front. The authors, in this introduction to a symposium on fiscal issues in adjustment, summarize the issues raised by papers in the symposium.
Those papers deal with various aspects of the fiscal crisis that many developing countries faced in the eighties. As a result, it is hoped that this book will provide a guide to aspects of the literature on fiscal issues in developing countries.
The book is intended for students in developing countries who are taking semester courses in Public Sector Economics, Public Finance, Fiscal Policy for Developing Countries and the Economics of Taxation.
The IMF has been a leading source of fiscal policy and management expertise worldwide. The IMF monitors and analyzes global fiscal trends and advises IMF member countries on fiscal issues directly. This page highlights the main fiscal policy issues currently under discussion, as well as provides links to research, publications, and commentary.
This paper considers some aspects of the effects of fiscal policy on macroeconomic adjustment in developing countries. First, the paper reviews the notion of the fiscal deficit in the particular context of developing countries.
It then spells out the conditions under which the internal and external debts are sustainable and points out the role of the “twin deficits”.
The paper then. The purpose of this chapter is to analyze a number of issues related to structural adjustment in the highly indebted developing countries. The chapter starts with a brief discussion of the main features of the adjustment process followed during I note that in spite of the.
Abstract This paper surveys fiscal policy in developing countries from the point of view of long-run growth. The first section reviews existing methodologies to estimate the effects of fiscal policy shocks and of systematic fiscal policy, with time series or with cross-sectional methods, and their applicability to developing countries.
©International Monetary Fund. Not for Redistribution This collection of articles adds greatly to our understanding of the link between economic per-formance and inequality, combining theory, econometrics, and case studies, and looking at both taxes and expenditures.
The questions are investigated in a huge range of circumstances—both. This book is a rigorous, yet nonmathematical analysis of key macroeconomic issues faced by emerging economies.
The first part develops an analytical framework that can be used as a workhorse model to study short-run macroeconomic issues of stabilization and adjustment in such economies, comparable to the IS-LM framework widely used in intermediate-level Cited by: Written by Margaret Garritsen de Vries, former Historian of the IMF, the book describes the policies and activities the IMF has pursued in helping members achieve balance of payments adjustment.
Separate treatment is given to industrial and developing countries, as their balance of payments problems have differed. As examples, Japan, France, the United. 'Fiscal policy is a core ingredient of adjustment policy in developing countries be it adjustment to liberalisation, post-conflict reconstruction or growth promotion.
This volume contains an excellent collection of studies which probe all aspects of fiscal policy. It should prove to be an invaluable reference for students, researchers and.
Thirsk W.R. () Recent Experience with Tax Reform in Developing Countries. In: Faini R., de Melo J. (eds) Fiscal Issues in Adjustment in Developing Countries. Palgrave Macmillan, LondonCited by: Edited by Mario I. Blejer and Ke-young Chu, this book investigates linkages among components of the public sector, as well as between macro and micro aspects of fiscal policy, in developing countries.
It presents 13 papers prepared by economists of the IMF's Fiscal Affairs Department. Open-Economy Macroeconomics for Developing Countries focuses on fiscal, monetary and exchange rate issues of importance to less developed economies.
The book argues that the dichotomy between the short-term macroeconomic stabilization goal and the long-term economic growth objective commonly found in developing countries’ policy framework is.
Boom, crisis, and adjustment: the macroeconomic experience of developing countries, - a summary (English) Abstract.
This publication is a summary of the full book which reviews the macroeconomic experiences of eighteen developing countries and looks at the interplay between politics and economics and motivations for economic policies.
Third, Agénor emphasizes the role of the labor market. He develops an analytical framework that captures some of the main features of the urban labor market in developing countries and studies the effects of fiscal adjustment on wages, employment, and poverty. External debt, fiscal policy, and sustainable growth in Turkey (English) Abstract.
Policy-makers in developing countries who try to reduce external debt are engaged in a complicated balancing act. Domestic spending programs could be curtailed to free up funds for the repayment of debt.
If less money is invested in industry and infrastructure Cited by:. Since it was first published inDevelopment Macroeconomics has remained the definitive textbook on the macroeconomics of developing countries.
Now, in this fully revised and updated third edition, Pierre-Richard Agénor and Peter Montiel cover the latest advances in this rapidly changing field, making this the most up-to-date, authoritative, and comprehensive book Cited by: Many developing countries have embarked on tax reforms in recent years.
Such reforms have been motivated both by local factors and by rapid internationalization of economic activities. The need to correct fiscal imbalances and the transition from a centralized plan to a market economy were the important local factors hastening tax reforms.The Balance of Payment Problem in Developing Countries, Especially in Pakistan - 32 - Many problems are common in almost all developing countries but some are area specific and are especially meant for Pakistan.
This study has been divided in three sections. Section 1 relates to concept of BOP, discussing theFile Size: 1MB.