Matches in SemOpenAlex for { <https://semopenalex.org/work/W3027990556> ?p ?o ?g. }
Showing items 1 to 71 of
71
with 100 items per page.
- W3027990556 abstract "It is well recognized that infrastructure investment is vital for growth. However, its financial implications could be huge, which could not be met by traditional sources of financing only. Using a general equilibrium model applied to Ghana, this paper combines four fiscal rules for managing oil revenue for public investment spending: i) the government combines both oil proceeds and borrowing (baseline experiment); ii) the government saves all oil proceeds and resort to borrowing (Bird-in-Hand experiment); iii) the government invests all oil proceeds and does not borrow (Hand-to-Mouth experiment); iv) aggressive investment approach; and v) baseline with structural reforms. We find that the baseline rule is susceptible to generate an intermediate impact on non-oil GDP growth and non-oil fiscal balance while minimizing the macroeconomic and fiscal volatility. We find that the baseline rule is susceptible to generate an intermediate impact on non-oil GDP growth and non-oil fiscal balance while minimizing macroeconomic and fiscal volatilities. In contrast, the Bird-in-Hand approach generates a smooth and long lasting non-oil GDP growth, and is susceptible to contain absorptive capacity constraints and Dutch disease effects. The Hand-to-Mouth approach leads to macroeconomic volatility, lower non-oil GDP growth and declining non-oil fiscal balance as a share of GDP. The aggressive investment approach is likely to produce higher non-oil GDP growth compared to the baseline but will accentuate downside risks in the baseline. Furthermore, we find that structural reforms that improve the efficiency of the baseline scaling up of public investment create sizable increase in public capital stock, which has additional positive spillover effect to the rest of the economy. JEL classification: Q32; E22; E62" @default.
- W3027990556 created "2020-05-29" @default.
- W3027990556 creator A5031825506 @default.
- W3027990556 creator A5001371081 @default.
- W3027990556 date "2019-01-01" @default.
- W3027990556 modified "2023-09-27" @default.
- W3027990556 title "Working Paper 322- Managing Natural Resource Revenue in Ghana" @default.
- W3027990556 hasPublicationYear "2019" @default.
- W3027990556 type Work @default.
- W3027990556 sameAs 3027990556 @default.
- W3027990556 citedByCount "0" @default.
- W3027990556 crossrefType "posted-content" @default.
- W3027990556 hasAuthorship W3027990556A5001371081 @default.
- W3027990556 hasAuthorship W3027990556A5031825506 @default.
- W3027990556 hasConcept C10138342 @default.
- W3027990556 hasConcept C111368507 @default.
- W3027990556 hasConcept C12725497 @default.
- W3027990556 hasConcept C127313418 @default.
- W3027990556 hasConcept C139719470 @default.
- W3027990556 hasConcept C162324750 @default.
- W3027990556 hasConcept C17744445 @default.
- W3027990556 hasConcept C193991484 @default.
- W3027990556 hasConcept C195487862 @default.
- W3027990556 hasConcept C199539241 @default.
- W3027990556 hasConcept C27548731 @default.
- W3027990556 hasConcept C524878704 @default.
- W3027990556 hasConcept C556758197 @default.
- W3027990556 hasConcept C91602232 @default.
- W3027990556 hasConcept C94625758 @default.
- W3027990556 hasConceptScore W3027990556C10138342 @default.
- W3027990556 hasConceptScore W3027990556C111368507 @default.
- W3027990556 hasConceptScore W3027990556C12725497 @default.
- W3027990556 hasConceptScore W3027990556C127313418 @default.
- W3027990556 hasConceptScore W3027990556C139719470 @default.
- W3027990556 hasConceptScore W3027990556C162324750 @default.
- W3027990556 hasConceptScore W3027990556C17744445 @default.
- W3027990556 hasConceptScore W3027990556C193991484 @default.
- W3027990556 hasConceptScore W3027990556C195487862 @default.
- W3027990556 hasConceptScore W3027990556C199539241 @default.
- W3027990556 hasConceptScore W3027990556C27548731 @default.
- W3027990556 hasConceptScore W3027990556C524878704 @default.
- W3027990556 hasConceptScore W3027990556C556758197 @default.
- W3027990556 hasConceptScore W3027990556C91602232 @default.
- W3027990556 hasConceptScore W3027990556C94625758 @default.
- W3027990556 hasLocation W30279905561 @default.
- W3027990556 hasOpenAccess W3027990556 @default.
- W3027990556 hasPrimaryLocation W30279905561 @default.
- W3027990556 hasRelatedWork W1529605269 @default.
- W3027990556 hasRelatedWork W1572215962 @default.
- W3027990556 hasRelatedWork W2166137295 @default.
- W3027990556 hasRelatedWork W2242876122 @default.
- W3027990556 hasRelatedWork W2264833236 @default.
- W3027990556 hasRelatedWork W2412994280 @default.
- W3027990556 hasRelatedWork W2557885473 @default.
- W3027990556 hasRelatedWork W2732116642 @default.
- W3027990556 hasRelatedWork W2771773417 @default.
- W3027990556 hasRelatedWork W2786000616 @default.
- W3027990556 hasRelatedWork W2806715506 @default.
- W3027990556 hasRelatedWork W2905480219 @default.
- W3027990556 hasRelatedWork W2950225507 @default.
- W3027990556 hasRelatedWork W3005221881 @default.
- W3027990556 hasRelatedWork W3083239155 @default.
- W3027990556 hasRelatedWork W3122123699 @default.
- W3027990556 hasRelatedWork W3124273731 @default.
- W3027990556 hasRelatedWork W3126111638 @default.
- W3027990556 hasRelatedWork W3152021877 @default.
- W3027990556 hasRelatedWork W5798367 @default.
- W3027990556 isParatext "false" @default.
- W3027990556 isRetracted "false" @default.
- W3027990556 magId "3027990556" @default.
- W3027990556 workType "article" @default.