 | Now or Later? The Political Economy of Public Investment in Democracies Author/Editor: Sanjeev Gupta, Estelle X. Liu, Carlos Mulas-Granados. Release Date:July, 2015 This paper explores the impact of political and institutional variables on public investment.Working with a sample of 80 presidential and parliamentary democracies between 1975 and2012, we find that more...
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| The Quest for the Holy Grail : Efficient and Equitable Fiscal Consolidation in India Author/Editor: Chadi Abdallah, David Coady, Sanjeev Gupta, Emine Hanedar. Release Date:July, 2015 Achieving fiscal consolidation without undermining growth and poverty-reduction efforts isa key policy challenge in many countries. Using India as an illustration, this paper showshow a mix of more...
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| Does conditionality in IMF-supported programs promote revenue reform? Author/Editor: Ernesto Crivelli, Sanjeev Gupta. Release Date:November, 2014 This paper studies whether revenue conditionality in Fund-supported programs had any impact on the revenue performance of 126 low- and middle-income countries during 1993-2013. The results indicate more...
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| Budget Institutions in Low-Income Countries: Lessons from G-20 Author/Editor: Sanjeev Gupta, Sami Yloutinen. Release Date:September, 2014 This paper presents twelve budget institutions that can support planning and delivery ofcredible fiscal strategies in the fiscal policy-making process. The resulting framework is applied to seven more...
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 | Direct Distribution of Resource Revenues : Worth Considering? Author/Editor: Sanjeev Gupta, Alex Segura-Ubiergo, Enrique Flores. Release Date:June, 2014 Some scholars have argued that direct distribution of natural resource revenues to the population would help resource-rich countries escape the “resource curse.” This discussion note analyzes more...
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 | Equitable and Sustainable Pensions : Challenges and Experience Author/Editor: Benedict J. Clements, Frank Eich, Sanjeev Gupta. Release Date:March, 2014 Pension reform is high on the agenda of many advanced and emerging market economies, for many reasons. First, public pensions often constitute a large share of government expenditure. Second, more...
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| Resource Blessing, Revenue Curse? Domestic Revenue Effort in Resource-Rich Countries Author/Editor: Ernesto Crivelli, Sanjeev Gupta. Release Date:January, 2014 This paper uses a newly constructed revenue dataset of 35 resource-rich countries for the period 1992-2009 to analyze the impact of expanding resource revenues on different types of domestic (non more...
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| Debt Reduction, Fiscal Adjustment, and Growth in Credit-Constrained Economies Author/Editor: Emanuele Baldacci, Sanjeev Gupta, Carlos Mulas-Granados. Release Date:November, 2013 This paper assesses the effects of fiscal consolidations associated with public debt reduction on medium-term output growth during periods of private debt deleveraging. The analysis covers 107 more...
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 | Energy Subsidy Reform : Lessons and Implications Author/Editor: Benedict J Clements, David Coady, Stefania Fabrizio, Sanjeev Gupta, Trevor Serge Coleridge Alleyne, Carlo A Sdralevich. Release Date:September, 2013 Energy subsidies are aimed at protecting consumers, however, subsidies aggravate fiscal imbalances, crowd out priority public spending, and depress private investment, including in the energy sector. more...
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 | The Challenge of Public Pension Reform in Advanced and Emerging Economies Author/Editor: Benedict J. Clements, David Coady, Frank Eich, Sanjeev Gupta, Alvar Kangur, Baoping Shang, Mauricio Soto. Release Date:January, 2013 Pension reform is high on the policy agenda of many advanced and emerging market economies. In advanced economies the challenge is generally to contain future increases in public pension spending as more...
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