Financial Policies And Economic Growth

Author : Cheryl Williamson Gray,Tracey Lane,Aristomène Varoudakis
Publisher : World Bank Publications
Page : 358 pages
File Size : 49,8 Mb
Release : 2007
Category : Political Science
ISBN : 9780821371824

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Fiscal Policy and Economic Growth by Cheryl Williamson Gray,Tracey Lane,Aristomène Varoudakis Pdf

Worldwide experience highlights public finance policies that promote economic growth while meeting the need for fundamental public goods. Macroeconomic stability is essential, as large budget deficits retard growth, followed by moderate levels of public spending - around one-third of GDP or less - especially when governance and public administration are weak; that in turn requires efficiency, particularly in areas such as infrastructure, health, education, and social protection; finally, lower income and payroll tax rates can spur investment and employment. The Eastern European and Central Asia countries pioneered flat income taxes without generally suffering revenue losses as a result, but they have not addressed the problem of high payroll taxes and still face many hurdles in improving the efficiency and effectiveness of public spending and revenue generation.

Author : Asli Demirguc-Kunt
Publisher : World Bank Publications
Page : 82 pages
File Size : 53,8 Mb
Release : 2008
Category : Access to Finance
ISBN : 8210379456XXX

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Finance, Financial Sector Policies, and Long-run Growth by Asli Demirguc-Kunt Pdf

Abstract: The first part of this paper reviews the literature on the relation between finance and growth. The second part of the paper reviews the literature on the historical and policy determinants of financial development. Governments play a central role in shaping the operation of financial systems and the degree to which large segments of the financial system have access to financial services. The paper discusses the relationship between financial sector policies and economic development.

Author : Peter J. Montiel
Publisher : Unknown
Page : 56 pages
File Size : 51,5 Mb
Release : 1995
Category : Africa, Sub-Saharan
ISBN : STANFORD:36105017537080

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Financial Policies and Economic Growth by Peter J. Montiel Pdf

Provides an overview of what is currently known about the relationship between financial-sector policies and economic growth and the state of such policies in present-day SSA. Uses six countries to present a summary description of financial structure in SSA.

Author : Alan H. Gelb
Publisher : World Bank Publications
Page : 39 pages
File Size : 45,9 Mb
Release : 1989
Category : Developing countries
ISBN : 8210379456XXX

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Financial Policies, Growth, and Efficiency by Alan H. Gelb Pdf

Author : Benjamin Zycher,Lewis C Solmon
Publisher : Westview Press
Page : 346 pages
File Size : 54,6 Mb
Release : 1993-11-17
Category : Business & Economics
ISBN : STANFORD:36105006040971

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Economic Policy, Financial Markets, And Economic Growth by Benjamin Zycher,Lewis C Solmon Pdf

The links between economic policy and economic growth are occasionally obvious but often obscure, with many factors interacting to influence the overall process. The list of parameters affecting economic growth of interest to scholars and policymakers is lengthy and expanding. Although the importance of government policy is widely recognized, the effects of policy on economic growth, in terms of direction and of magnitude, are difficult to measure. In Economic Policy, Financial Markets, and Economic Growth, a group of distinguished scholars offers findings on this ongoing and crucial debate that will be of interest to both academic and policy audiences.

Author : Aslı Demirgüç-Kunt,Ross Levine
Publisher : MIT Press
Page : 452 pages
File Size : 46,5 Mb
Release : 2001
Category : Business & Economics
ISBN : 0262541793

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Financial Structure and Economic Growth by Aslı Demirgüç-Kunt,Ross Levine Pdf

CD-ROM contains: World Bank data.

Author : Łukasz Mamica,Pasquale Tridico
Publisher : Routledge
Page : 321 pages
File Size : 54,7 Mb
Release : 2014-03-26
Category : Business & Economics
ISBN : 9781134591459

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Economic Policy and the Financial Crisis by Łukasz Mamica,Pasquale Tridico Pdf

The consequences of the global economic crisis which started in the United States in 2007-08 are still being felt in most of the advanced economies, and the mainstream tools of recovery are not having the required results. It seems that many of the after-effects of the crisis, including the instability of the financial markets, increasing public debts and limited economic growth, require new solutions from both economic policy and theory. Lower aggregate demand during the crisis increased the pressure on firms to be more competitive and at the same time, the crisis in the banking system has had a negative impact on the willingness of financial institutions to give credit to companies for investment. Therefore, the key issue for current economic policy is to find a balance between the stabilisation of public finance and maintaining the momentum of long-term growth. This book offers an evolutionary-developmental analysis, combining elements of neo-Schumpeterian economics, institutional economics and post-Keynesian economics, to show that selection processes within an economy, and the institutional rules shaping those processes, are substantially more important than usually recognised by evolutionary economic theory. Two major challenges for economic theory and policy, in particular, have emerged during the crisis. The first is the rise of unemployment coupled with growing public deficits. The second is the financial instability which threatens the permanence of economic development. This book examines the performance of the advanced economies since the crisis and explores why some of them have been more successful in tackling these challenges than others. It is argued that the reasons for the varied performances of these economies lie in the economic policies which were introduced before and in the aftermath of the crisis and the differences in the regulation of their labour markets. This volume will be of interest to students and academics in the areas of macroeconomics, public economics and public management.

Author : Mr.Vito Tanzi,Mr.Howell H. Zee
Publisher : International Monetary Fund
Page : 36 pages
File Size : 55,6 Mb
Release : 1996-10-01
Category : Business & Economics
ISBN : 9781451854121

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Fiscal Policy and Long-Run Growth by Mr.Vito Tanzi,Mr.Howell H. Zee Pdf

This paper discusses in a systematic and comprehensive way the existing literature on the relationship between the growth of countries’ economies and various public finance instruments, such as tax policy, expenditure policy, and overall budgetary policy, from the perspectives of allocative efficiency, macroeconomic stability, and income distribution. It reviews both the conceptual linkages between each of the instruments and growth and the empirical evidence on such relationships. It broadly concludes that fiscal policy could play a fundamental role in affecting the long-run growth performance of countries.

Author : Muhammad Shahbaz,Alaa Soliman,Subhan Ullah
Publisher : Springer Nature
Page : 245 pages
File Size : 47,6 Mb
Release : 2021-09-21
Category : Business & Economics
ISBN : 9783030790035

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Economic Growth and Financial Development by Muhammad Shahbaz,Alaa Soliman,Subhan Ullah Pdf

This book looks into the relationship between financial development, economic growth, and the possibility of a potential capital flight in the transmission process. It also examines the important role that financial institutions, financial markets, and country-level institutional factors play in economic growth and their impact on capital flight in emerging economies. By presenting new theoretical insights and empirical country studies as well as econometric approaches, the authors focus on the relationship between financial development and economic growth with capital flight in the era of financial crisis. Therefore, this book is a must-read for researchers, scholars, and policy-makers, interested in a better understanding of economic growth and financial development of emerging economies alike.

Author : Anis Chowdhury,Akhtar Hossain
Publisher : Routledge
Page : 240 pages
File Size : 49,7 Mb
Release : 2003-05-20
Category : Business & Economics
ISBN : 9781134838998

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Monetary and Financial Policies in Developing Countries by Anis Chowdhury,Akhtar Hossain Pdf

The issue of economic development and monetary stability has produced one of the most passionate debates in economic literature. Yet, much of the evidence employed in this debate is contradictory. Monetary and Financial Policies in Developing Countries: Growth and Stabilization brings together diverse views on the subject within a coherent framework. The work includes: * a balanced assessment of empirical findings and their theoretical foundations on the role of money and growth * a discussion of financial liberalization reform in developing countries * an analysis of monetary policy as an instrument of economic stabilization * an examination of the monetary supply and demand process in developing countries * a study of the relationship between money, credit, the balance of payments, inflation and the exchange rate system * a reflection on market failures and the role of government.

Author : Edward S. Shaw
Publisher : Oxford University Press, USA
Page : 260 pages
File Size : 40,5 Mb
Release : 1973-01-01
Category : Developing countries
ISBN : 0195016335

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Financial Deepening in Economic Development by Edward S. Shaw Pdf

Author : Anonim
Publisher : Unknown
Page : 128 pages
File Size : 53,9 Mb
Release : 2024-07-01
Category : Electronic
ISBN : 9789814470889

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Macroeconomic Policies for Stable Growth by Anonim Pdf

Author : Jacques Jacobus Polak
Publisher : Unknown
Page : 56 pages
File Size : 47,6 Mb
Release : 1990
Category : Economic development
ISBN : UIUC:30112125285731

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Financial Policies and Development by Jacques Jacobus Polak Pdf

Author : Alfred Greiner
Publisher : Unknown
Page : 268 pages
File Size : 51,9 Mb
Release : 1996
Category : Business & Economics
ISBN : STANFORD:36105023159002

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Fiscal Policy and Economic Growth by Alfred Greiner Pdf

This work analyzes the impact of fiscal policy on the growth rate of market economies. Two frameworks are considered: in the first, human capital is seen as a by-product of gross investment; in the second, government is seen to influence growth by investing in public capital.

Author : Aslı Demirgüç-Kunt
Publisher : World Bank Publications
Page : 60 pages
File Size : 43,5 Mb
Release : 2006
Category : Desarrollo economico
ISBN : UCSD:31822034387597

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Finance and Economic Development by Aslı Demirgüç-Kunt Pdf

" The empirical literature on finance and development suggests that countries with better developed financial systems experience faster economic growth. Financial development-as captured by size, depth, efficiency, and reach of financial systems-varies sharply around the world, with large differences among countries at similar levels of income. This paper argues that governments play an important role in building effective financial systems and discusses different policy options to make finance work for development."--World Bank web site.