Fiscal policy and private investment in developing economies: Evidence from Ethiopia

2022 ◽  
pp. 1-15
Author(s):  
Fekadu Mekonnen Bedhiye ◽  
Lakhwinder Singh
Keyword(s):  
Fiscal Policy ◽  
Developing Economies ◽  
Private Investment

Private Investment and Fiscal Policy

1965 ◽  
Vol 38 (1) ◽  
pp. 1 ◽  
Author(s):  
Walter D. Fackler
Keyword(s):  
Fiscal Policy ◽  
Private Investment

scholarly journals Challenges of Fiscal Policy in Emerging and Developing Economies

2018 ◽  
Vol 54 (9) ◽  
pp. 1927-1945 ◽  
Author(s):  
Raju Huidrom ◽  
M. Ayhan Kose ◽  
Franziska L. Ohnsorge
Keyword(s):  
Fiscal Policy ◽  
Developing Economies

scholarly journals Using Natural Resources for Development: Why Has It Proven So Difficult?

2016 ◽  
Vol 30 (1) ◽  
pp. 161-184 ◽  
Author(s):  
Anthony J. Venables
Keyword(s):  
Natural Resources ◽  
Economic Performance ◽  
Developing Economies ◽  
Investment Decisions ◽  
Private Investment ◽  
Adverse Impacts ◽  
Political Problem ◽  
Fiscal Regimes ◽  
Resource Wealth ◽  
Natural Resource Wealth

Developing economies have found it hard to use natural resource wealth to improve their economic performance. Utilizing resource endowments is a multistage economic and political problem that requires private investment to discover and extract the resource, fiscal regimes to capture revenue, judicious spending and investment decisions, and policies to manage volatility and mitigate adverse impacts on the rest of the economy. Experience is mixed, with some successes (such as Botswana and Malaysia) and more failures. This paper reviews the challenges that are faced in successfully managing resource wealth, the evidence on country performance, and the reasons for disappointing results.

Fiscal policy and private investment in Greece

2016 ◽  
Vol 147 ◽  
pp. 53-106 ◽  
Author(s):  
Maria Th. Kasselaki ◽  
Athanasios O. Tagkalakis
Keyword(s):  
Fiscal Policy ◽  
Private Investment

Fiscal policy, private investment and economic growth: the case of Ghana

2008 ◽  
Vol 25 (2) ◽  
pp. 112-130 ◽  
Author(s):  
Vera Ogeh Soli ◽  
Simon Kwadzogah Harvey ◽  
Edmond Hagan
Keyword(s):  
Economic Growth ◽  
Fiscal Policy ◽  
Private Investment

Default Risk and the Effects of Fiscal Policy on Interest Rates: 1929–1945

1988 ◽  
Vol 16 (3) ◽  
pp. 357-373
Author(s):  
David Bowles ◽  
Holley Ulbrich ◽  
Myles Wallace
Keyword(s):  
Fiscal Policy ◽  
Interest Rates ◽  
Empirical Evidence ◽  
Risk Premium ◽  
Default Risk ◽  
Corporate Bonds ◽  
Private Investment ◽  
Crowding Out ◽  
Government Bonds ◽  
Macroeconomic Models

Conventional macroeconomic models suggest that expansionary fiscal policy causes higher interest rates, resulting in crowding out of private investment. In this article, we argue that such models ignore the default risk differential between the interest rates on government bonds and corporate bonds. If expansionary fiscal policy causes an expansion in real GNP, default risk falls on corporate bonds. Our model suggests that if the default risk premium falls, (1) corporate interest rates may fall relative to rates on government bonds and (2) private investment is crowded in. We find some supporting empirical evidence of this effect for the period 1929–1945.

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