A Macroeconomic Framework for Quantifying Growth and Poverty Reduction Strategies in Niger
No hay miniatura disponible
Fecha
Título de la revista
ISSN de la revista
Título del volumen
Editor
World Bank, Washington, DC
Resumen
Descripción
The authors apply the dynamic macroeconomic framework developed by Agénor, Bayraktar, and El Aynaoui (2004) to Niger. As in the original model, linkages between foreign aid, public investment (disaggregated into education, infrastructure, and health), and growth are explicitly captured. Although the nominal exchange rate is fixed, the relative price of domestic goods is endogenous, thereby allowing for potential Dutch disease effects associated with increases in aid. The authors assess the impact of policy shocks on poverty by using partial growth elasticities. They perform various policy experiments, including an increase in the level of foreign aid, a reallocation of public investment toward infrastructure, and neutral and non-neutral cuts in tariffs. The simulations show the dynamic tradeoffs that these policies entail with respect to growth and poverty reduction in Niger.
Palabras clave
ACCELERATOR, ACCELERATOR EFFECT, ACCOUNTING, ADVERSE EFFECTS, AGGREGATE DEMAND, AGRICULTURE, BALANCE OF PAYMENTS, BANKING SECTOR, BANKING SYSTEM, BASIC EDUCATION, BORROWING, BUDGETARY ASSISTANCE, CAPITAL FORMATION, CENTRAL BANK, CIVIL SERVICE, COMPETITIVENESS, CORPORATE INCOME TAXES, CURRENCY, CURRENT ACCOUNT, CURRENT PRICES, DEBT, DEBT RELIEF, DEBT SERVICE, DEFICIT FINANCING, DEPOSITS, DEVALUATION, DEVELOPMENT ASSISTANCE, DIRECT INVESTMENT, DISPOSABLE INCOME, DOMESTIC BORROWING, ECONOMIC BOOM, ECONOMIC GROWTH, ECONOMIC RECOVERY, ECONOMIC STRUCTURE, ELASTICITIES, ELASTICITY, ELASTICITY OF SUBSTITUTION, ELECTRICITY, EQUATIONS, EQUILIBRIUM, EXCHANGE RATE, EXOGENOUS VARIABLES, EXPLOITATION, EXPORTS, FINANCIAL INTERMEDIATION, FISCAL POLICIES, FOREIGN ASSETS, GDP, GINI COEFFICIENT, GNP, GNP PER CAPITA, GOVERNMENT SPENDING, GROWTH RATE, HEALTH SERVICES, HUMAN DEVELOPMENT, IMPORTS, INCOME, INFLATION, INTEREST PAYMENTS, INTEREST RATE, INVESTMENT POLICY, INVESTMENT SPENDING, LINKAGES, LIVING CONDITIONS, LIVING STANDARDS, MACROECONOMIC STABILITY, MARGINAL PRODUCTIVITY, MARKET PRICES, MINES, MONETARY POLICIES, MORAL HAZARD, POPULATION GROWTH, POVERTY LINE, PRESENT VALUE, PRIVATE CONSUMPTION, PRIVATE INVESTMENT, PRODUCTION FUNCTION, PUBLIC DEBT, PUBLIC EMPLOYMENT, PUBLIC ENTERPRISES, PUBLIC EXPENDITURE, PUBLIC FINANCE, PUBLIC FINANCE MANAGEMENT, PUBLIC INVESTMENT, PUBLIC INVESTMENT IN INFRASTRUCTURE, PUBLIC SECTOR, PUBLIC SERVICES, PUBLIC SPENDING, REAL GDP, REVENUE MOBILIZATION, REVENUE PERFORMANCE, ROADS, SAVINGS, SIDE EFFECTS, STOCKS, STRUCTURAL ADJUSTMENT, TAX, TAX COLLECTION, TAX REVENUE, TAXATION, TELECOMMUNICATIONS, TRADE UNIONS, UNEMPLOYMENT, URBANIZATION, VALUE OF OUTPUT, WAGES