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Displaying results 1 to 5 of 5.

  1. Fiscal convergence in the West African Monetary Zone
    Author: Olowofeso, Olorunsola E.; John-Sowe, Maimuna; Kargbo, Santigie M.; Bawa, Sani; Mendy, Isatou; Adams, Kormay; Adeleke, Adegoke Ibrahim; Cham, Yaya
    Published: June 2021
    Publisher:  West African Monetary Institute, [Accra, Ghana]

    Achieving fiscal convergence between countries of a monetary union helps in the design and implementation of policies to strengthen macroeconomic convergence, which mitigates the contagion effects of macroeconomic instability and ensures the... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 823
    Inter-library loan:
    No inter-library loan

     

    Achieving fiscal convergence between countries of a monetary union helps in the design and implementation of policies to strengthen macroeconomic convergence, which mitigates the contagion effects of macroeconomic instability and ensures the long-term viability of the proposed union. This paper assesses the extent of fiscal convergence among the West African Monetary Zone (WAMZ) countries and explores the response of fiscal convergence to divergence of public debt levels, inflation rates and current account balances to determine whether strengthening of policy synchronisation would contribute to fostering fiscal convergence in these countries. Allowing for heterogeneous fiscal policies among the WAMZ countries, the result from the log t convergence test estimated over the period 2001-2019 provides strong evidence of fiscal divergence among these countries during the period. Equally, by exploiting nonlinearities in policy behaviour among the WAMZ countries in the response of fiscal convergence to policy synchronisation, the results from the dynamic panel threshold models show remarkably strong evidence that reducing divergence in public debt levels, inflation rates and current account balances would reduce fiscal divergence. Given these empirical insights, WAMZ countries would need to strengthen fiscal consolidation measures to improve the primary balance and enhance capacity to reduce public debt to sustainable levels. Similarly, these countries should provide support to enhance domestic productive capacity and diversify the export sector to improve external sector performance. These measures should be accompanied by additional fiscal reforms to constrain discretion in fiscal policies to promote fiscal convergence, including the implementation of fiscal rules and Fiscal Responsibility Act.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/264233
    Series: WAMI occasional paper series ; no. 22
    Subjects: fiscal convergence; public debt; inflation; current account; dynamic panel; WAMZ
    Scope: 1 Online-Ressource (circa 36 Seiten)
  2. Efecto de la banda ancha sobre el valor agregado en los municipios de Colombia
    Author: Gómez Medina, José Santiago
    Published: [2021]
    Publisher:  CEDE, Centro de Estudios sobre Desarrollo Económico, Bogotá, D.C., Colombia

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    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 708
    Inter-library loan:
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    Source: Union catalogues
    Language: Spanish
    Media type: Book
    Format: Online
    Series: Array ; 2021, 48 (septiembre de 2021)
    Subjects: broadband; economic growth; Colombia; dynamic panel; instrumental variable
    Scope: 1 Online-Ressource (circa 31 Seiten), Illustrationen
  3. Impact of COVID-19 on ASEAN-5 stock markets
    Author: Yiu, Matthew S.; Tsang, Andrew
    Published: January 2021
    Publisher:  ASEAN+3 Macroeconomic Research Office, Singapore

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    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / ASEAN+3 Macroeconomic Research Office ; WP/21, 01
    Subjects: ASEAN-5; stock market; spillovers; dynamic panel; COVID-19; GFC; Taper Tantrum
    Scope: 1 Online-Ressource (circa 16 Seiten), Illustrationen
  4. Energy use beyond GDP: a dynamic panel analysis with different
    development indicators
    Author: Ravetti, Chiara; Cambini, Carlo
    Published: 2021
    Publisher:  Department of Economics, Copenhagen Business School, Frederiksberg

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    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 55
    Inter-library loan:
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    Export to reference management software   RIS file
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10398/ab58f610-596b-44f4-8729-219943737c29
    Series: Working paper / Department of Economics, Copenhagen Business School ; 2021, 10
    CSEI working paper ; 2021, 03
    Subjects: Economic development; energy consumption; dynamic panel
    Scope: 1 Online-Ressource (circa 53 Seiten), Illustrationen
  5. Convergence budgétaire dans la zone monétaire de l'Afrique de l'ouest
    Author: Olowofeso, Olorunsola E.; John-Sowe, Maimuna; Kargbo, Santigie M.; Bawa, Sani; Mendy, Isatou; Adams, Kormay; Adeleke, Adegoke Ibrahim; Cham, Yaya
    Published: Juin 2021
    Publisher:  Institut monetaire de l'Afrique de l'Ouest, [Accra, Ghana]

    Achieving fiscal convergence between countries of a monetary union helps in the design and implementation of policies to strengthen macroeconomic convergence, which mitigates the contagion effects of macroeconomic instability and ensures the... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 823
    Inter-library loan:
    No inter-library loan

     

    Achieving fiscal convergence between countries of a monetary union helps in the design and implementation of policies to strengthen macroeconomic convergence, which mitigates the contagion effects of macroeconomic instability and ensures the long-term viability of the proposed union. This paper assesses the extent of fiscal convergence among the West African Monetary Zone (WAMZ) countries and explores the response of fiscal convergence to divergence of public debt levels, inflation rates and current account balances to determine whether strengthening of policy synchronisation would contribute to fostering fiscal convergence in these countries. Allowing for heterogeneous fiscal policies among the WAMZ countries, the result from the log t convergence test estimated over the period 2001-2019 provides strong evidence of fiscal divergence among these countries during the period. Equally, by exploiting nonlinearities in policy behaviour among the WAMZ countries in the response of fiscal convergence to policy synchronisation, the results from the dynamic panel threshold models show remarkably strong evidence that reducing divergence in public debt levels, inflation rates and current account balances would reduce fiscal divergence. Given these empirical insights, WAMZ countries would need to strengthen fiscal consolidation measures to improve the primary balance and enhance capacity to reduce public debt to sustainable levels. Similarly, these countries should provide support to enhance domestic productive capacity and diversify the export sector to improve external sector performance. These measures should be accompanied by additional fiscal reforms to constrain discretion in fiscal policies to promote fiscal convergence, including the implementation of fiscal rules and Fiscal Responsibility Act.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Union catalogues
    Language: French
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/270755
    Series: Series de publications occasionnelles de l’IMAO ; no. 22
    Subjects: fiscal convergence; public debt; inflation; current account; dynamic panel; WAMZ
    Scope: 1 Online-Ressource (circa 40 Seiten)