Uncertainty about welfare effects of consumption fluctuations
In: European economic review: EER, Band 59, S. 35-62
ISSN: 1873-572X
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In: European economic review: EER, Band 59, S. 35-62
ISSN: 1873-572X
In: Journal of development economics, Band 85, Heft 1-2, S. 319-347
ISSN: 0304-3878
In: Journal of development economics, Band 85, Heft 1-2, S. 319-347
ISSN: 0304-3878
World Affairs Online
In: World development: the multi-disciplinary international journal devoted to the study and promotion of world development, Band 67, S. 138-150
In: Globalization Institute Working Paper No. 419
SSRN
This paper analyses the macroeconomic effect of legislated personal income tax changes in South Africa over the 1996-2019 period. We identify personal income tax shocks using a narrative approach and incorporate these shocks in a proxySVAR model. Our analysis shows that permanent changes in personal income taxes have a larger and significant effect on output through both the investment and consumption channels. We also find that personal tax cuts have a persistent effect on output through the investment channel in the 1996-2010 sub-sample. ; Note: On 22 November 2021, missing acknowledgements were added.
BASE
In: CESifo Working Paper No. 7702
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In: Environment and development economics, Band 21, Heft 5, S. 669-689
ISSN: 1469-4395
AbstractThe authors study the impact of natural resource degradation on income diversification in Beninese fishing communities. Using survey data and econometric analysis, they show that fishermen are more likely to diversify their income when the degradation of the fish stock is more severe. However, the level of income diversification that they find is surprisingly low and far from sufficient to relieve the stress on the lakes. The latter relates to low levels of formal education among fishermen and the unregulated use of highly productive, but damaging, fishing gear. These two factors result in a high return to fishing relative to non-fishing activities, even amid degradation.
In: Pacific economic review, Band 20, Heft 1, S. 125-148
ISSN: 1468-0106
AbstractWe examine the role of global and domestic shocks in driving macroeconomic fluctuations for Ghana. We are able to study the impact of exogenous shocks, including productivity, credit supply and commodity price shocks. We identify the shocks using a combination of sign and recursive restrictions within Bayesian vector autoregressive models. As a benchmark we provide results for South Africa to document the difference between two economies with similar structures but at different stages of development. We find that global shocks play a more dominant role in South Africa than in Ghana. These shocks operate through three channels: trade, credit and commodity prices.
In: IMF Working Paper No. 15/40
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In: Pacific Economic Review, Band 20, Heft 1, S. 125-148
SSRN
In: CESifo Working Paper Series No. 4281
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Working paper
In: CESifo Working Paper Series No. 5243
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Working paper
In: The Institutional Diagnostic Project
Benin is a small, slow-growing economy whose development relies on two sources of rent that are controlled by self-centred elites: cotton export and illegal cross-border trade with Nigeria. Patrimonialism governs Beninese society as a forceful struggle for political power takes place between the oligarchs who control these sources and use them as formidable levers of power. State Capture and Rent-Seeking in Benin argues that this struggle causes the instability and unpredictability of economic policies, resulting in institutional problems that make economic diversification and growth difficult. Based on a thorough account of the economic, social, and political development of Benin, this institutional diagnostic provides a detailed analysis of its critical institution- and development-sensitive areas such as electoral campaign finance, state capture by business and elites, management of the cotton sector, the tax effort, the informal trading between Benin and Nigeria, and the political economy of land reform.