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Relative Price Stability, Creditor Rights, and Financial Deepening »
Article
Source: Relative Price Stability, Creditor Rights, and Financial Deepening
Volume/Issue: 2007/139
Series: IMF Working Papers
Author(s): Pablo Druck , Alexander Plekhanov , and Mario Dehesa
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2007
ISBN: 9781451867039
Keywords: Private credit, creditor rights, volatility, relative price, relative price variability, high inflation, price stability,
The paper provides a theoretical and cross-country empirical analysis of the determinants of financial deepening, and finds that higher credit-to-GDP ratios are associated with stronger creditor rights and lower in...
Energy Subsidies and Public Social Spending »
Article
Source: Energy Subsidies and Public Social Spending : Theory and Evidence
Volume/Issue: 2015/101
Series: IMF Working Papers
Author(s): Christian Ebeke , and Constant Lonkeng Ngouana
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 06 May 2015
ISBN: 9781475580747
Keywords: Energy subsidies, Public social spending, Causality, subsidy, tax, energy subsidy, Cross-Sectional Models, Single Equation Models: Single Variables: Instrumental Variables (IV) Estimation, Causality.,
This paper shows that high energy subsidies and low public social spending can emerge as an equilibrium outcome of a political game between the elite and the middle-class when the provision of public goods is subje...
14 Tax Revenue in Sub-Saharan Africa: Effects of Economic Policies and Corruption »
Chapter
Source: Governance, Corruption, and Economic Performance
Series: Books
Author(s): Sanjeev Gupta , and George Abed
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 24 September 2002
ISBN: 9781589061163
Keywords: decentralization, military spending, military, tax revenue, government expenditure
I. Introduction Large fiscal deficits have been a daunting problem for a number of countries in sub-Saharan Africa over the past several years. Rapid expansions in expenditure and de...