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We develop a tractable small open-economy model to study the first-round effects of international food price shocks in developing countries. We define first-round effects as changes in headline inflation that, holding core inflation constant, help implement relative price adjustments. The model...
Persistent link: https://www.econbiz.de/10011242189
This paper analyzes how differences in legal origin, judicial efficiency, and investor protection affect firm leverage and earnings volatility across developing countries. Using a large number of developing countries, four main findings are highlighted. First, firms in civil legal origin...
Persistent link: https://www.econbiz.de/10011242231
the debt sustainability and macroeconomic effects of public investment plans in resource-abundant developing countries … floors, respectively—are then triggered to maintain debt sustainability. The paper illustrates how the model can be … particularly useful to assess debt sustainability in countries that borrow against future resource revenues to scale up public …
Persistent link: https://www.econbiz.de/10011123850
Niger understands the need to adopt a long-term strategy capable of optimizing natural and human resources to promote sustainable economic and social development and inclusive growth. The government has renewed planning efforts in the preparation of three principal strategic documents. These...
Persistent link: https://www.econbiz.de/10011243080
Persistent link: https://www.econbiz.de/10011243683
Mali’s territorial integrity is threatened, questioning its internal capacity to face challenges and especially to ensure the physical safety of goods and individuals. The government is committed to implement all measures to overcome this situation. More specifically, it will increase...
Persistent link: https://www.econbiz.de/10011244637
Persistent link: https://www.econbiz.de/10011245329
Vietnam has adopted effective policies and measures to accelerate its economic growth rate and reduce poverty while sustaining economic reform, and trying to achieve goals and targets that are set in the Five-year Socio-economic Development Plan 2001–05. The annual progress report, named...
Persistent link: https://www.econbiz.de/10011245365
This paper focuses on Second Poverty Reduction Strategy Paper for Lao People’s Democratic Republic. The economic sectors have undergone significant restructuring. This restructuring has been concentrated on production capacities, quality and efficiency, thus contributing to economic...
Persistent link: https://www.econbiz.de/10011245536
Persistent link: https://www.econbiz.de/10011245797