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Displaying results 1 to 7 of 7.

  1. Getting closer or falling apart?
    Euro countries after the Euro crisis
    Author: Bordignon, Massimo; Gatti, Nicolò; Onorato, Massimiliano Gaetano
    Published: [2021]
    Publisher:  Dipartimento di Economia e Finanza, Università Cattolica del Sacro Cuore, Milano, Italy

    We study convergence and divergence dynamics in a sample of EMU countries by assembling an extensive dataset that contains information on public spending and policy outcomes in a variety of areas of government intervention including education,... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 587
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    We study convergence and divergence dynamics in a sample of EMU countries by assembling an extensive dataset that contains information on public spending and policy outcomes in a variety of areas of government intervention including education, health, and civil justice from the early 1990s. We also focus on other important determinants of a country’s economic performance such as the level of regulation of product and labor markets, as well as the trust in political institutions, quality of governance and inequality. Results show that despite divergent economic growth in the Euro periphery countries after the 2011-13 Euro crisis, the quality of services and level of regulation did not deteriorate or indeed improved, increasing convergence with the core Euro countries. However, the debt crisis dramatically worsened citizens’ perceptions of quality of governance as well as the level of social trust. The very different approach followed with the Covid crisis might have mitigated the problem, but the Euro project has still shaky foundations. This calls in question its future political viability and asks for reform.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/238316
    Series: Working paper / Dipartimento di Economia e Finanza, Università Cattolica del Sacro Cuore ; n. 105 (June 2021)
    Subjects: Euro; debt; crisis; convergence; reforms; governance; trust
    Scope: 1 Online-Ressource (circa 51 Seiten), Illustrationen
  2. The saga and limits of public financial management
    the Mozambican case
    Author: Cruz, António; Ferreira, Ines A.; Flentø, Johnny; Tarp, Finn; Umarji, Mariam
    Published: August 2021
    Publisher:  United Nations University World Institute for Development Economics Research, Helsinki, Finland

    At independence in 1975, the Frelimo government took over public administration from the colonial system and started to transform it. The public financial management (PFM) system was adapted to the central planning and management of the economy in... more

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    DS 248
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    At independence in 1975, the Frelimo government took over public administration from the colonial system and started to transform it. The public financial management (PFM) system was adapted to the central planning and management of the economy in line with nationalist and Marxist-Leninist thinking. Collapse followed in the mid-1980s, amidst the Cold War and the liberalization of the economy. The PFM system was gradually and systematically reformed towards more transparent and efficient mechanisms, and successful reforms did coincide with high rates of economic growth for more than 20 years, after 1993. The reform process was supported by sizeable foreign aid to the extent that Mozambique became highly aid dependent. As the nationalist agenda became more forceful from around 2005-10, when the existence of large natural gas reserves in the Rovuma Basin was confirmed, the extraction of natural resources became the main government focus as a source of public revenue, and severe cracks in the PFM system started to emerge. The 'hidden debt' scandal in 2013-14, the renewed conflict between Frelimo and Renamo from 2013, and the insurgency war in Cabo Delgado from 2017 put the PFM system under pressure and performance suffered accordingly with significant economic and social costs. The paper brings out how difficult it is to make institutional reforms work, within a structure of political and economic power that may not benefit from them, even in the context of a high degree of aid dependence.

     
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789292670764
    Other identifier:
    hdl: 10419/248350
    Series: WIDER working paper ; 2021, 136
    Subjects: public financial management; Mozambique; reforms; general budget support
    Scope: 1 Online-Ressource (circa 31 Seiten), Illustrationen
  3. A função do estado no setor de energia nos países da OCDE: equilibrando a segurança energética, a eficiência e a sustentabilidade
    Author: Gutierrez, Maria Bernadete G. P. Sarmiento
    Published: junho de 2021
    Publisher:  Instituto de Pesquisa Econômica Aplicada, Brasília

    The reform process in the energy sector in Organisation for Economic Co-operation and Development (OECD) and in emerging countries started in the 1990s, aimed at reducing the role of the state as a shareholder, but not in its function as coordinator,... more

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    The reform process in the energy sector in Organisation for Economic Co-operation and Development (OECD) and in emerging countries started in the 1990s, aimed at reducing the role of the state as a shareholder, but not in its function as coordinator, regulator and planner. Also, it should be stressed that the transition to a low carbon economy in the 21th century has enlarged the state's agenda, in particular towards reaching the Sustainable Development Goals (SDG) 7: Acessible and clean energy. The state remains an important actor in the energy sector, in the search for energy security, efficiency and sustainability. As a first step, this study attempts at defining the rationality, the participation and the diversity associated with the state in the energy sector, at the same time suggesting the beneficial effects of the state-private sector partnership. In a second instance, the PMR OECD database is analysed for the energy sector, in the light of the reforms and governance structures for selected countries, at the same time establishing a parallel with Brazil's performance in terms of state ownership, regulatory aspects and liberalization degree.

     
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    Source: Union catalogues
    Language: Portuguese
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/243021
    Series: Texto para discussão / Ipea ; 2667
    Subjects: energy sector; reforms; efficiency; sustainability; security
    Scope: 1 Online-Ressource (circa 40 Seiten), Illustrationen
  4. Public debt and the political economy of reforms
    Author: Boyer, Pierre C.; Esslinger, Christoph; Roberson, Brian
    Published: March 2021
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    We develop a two-period model of redistributive politics in which two politicians compete in an election in each period. In the first period, the politicians propose both whether to experiment with an efficient reform with uncertain benefits and... more

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    We develop a two-period model of redistributive politics in which two politicians compete in an election in each period. In the first period, the politicians propose both whether to experiment with an efficient reform with uncertain benefits and choose the amount of public debt. Politicians also allocate pork-barrel spending to voters in each period. We show that allowing politicians to raise debt ensures that the reform is always implemented when the reform’s ratio of private good to public good gains exceeds a threshold, i.e. the reform generates enough private good benefits. This is not the case when the reform’s ratio of private good to public good gains is below this threshold. We also examine hard and a soft debt limits, and find that both limits reduce the political success of the reform. However, at moderate debt levels soft limits dominate hard limits with respect to equilibrium efficiency of reform provision.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/235332
    Series: CESifo working paper ; no. 8962 (2021)
    Subjects: political competition; public debt; reforms; redistributive politics; debt and spending limits
    Scope: 1 Online-Ressource (circa 58 Seiten), Illustrationen
  5. Competitividad y entorno institucional en Colombia
    Author: Zuleta, Hernando
    Published: [2021]
    Publisher:  CEDE, Centro de Estudios sobre Desarrollo Económico, Bogotá, D.C., Colombia

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    VS 708
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    Source: Union catalogues
    Language: Spanish
    Media type: Book
    Format: Online
    Series: Documento CEDE ; 2021, 52 (septiembre de 2021)
    Subjects: Institutional environment; productivity; taxes; justice; financialsystem; reforms; politics
    Scope: 1 Online-Ressource (circa 52 Seiten), Illustrationen
  6. What does the COVID-19 experience tell us about Indian growth drivers?
    Author: Goyal, Ashima
    Published: November 2021
    Publisher:  Indira Gandhi Institute of Development Research, Mumbai

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    Nicht speichern
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: [WP series / Indira Gandhi Institute of Development Research] ; WP-2021, 025
    Subjects: Indian growth; drivers; reforms; fiscal-monetary coordination
    Scope: 1 Online-Ressource (circa 25 Seiten), Illustrationen
  7. Le Québec devrait-il augmenter les taxes à la consommation?
    Author: Leung, David; Poschke, Markus
    Published: [2021]
    Publisher:  CIRANO, [Montréal]

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    Source: Union catalogues
    Language: French
    Media type: Book
    Format: Online
    Other identifier:
    Series: Rapport de projet / CIRANO ; 2021RP, 30
    Subjects: tax policies; reforms; consumption taxes
    Scope: 1 Online-Ressource (circa 55 Seiten), Illustrationen