Debt sustainability, public investment, and natural resources in Developing countries : the DIGNAR model /
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| Author / Creator: | Melina, Giovanni, author. |
|---|---|
| Imprint: | [Washington, District of Columbia] : International Monetary Fund, 2014. ©2014 |
| Description: | 1 online resource (42 pages) : illustrations (some color) |
| Language: | English |
| Series: | IMF Working Paper ; WP/14/50 IMF working paper ; WP/14/50. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12502884 |
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| 100 | 1 | |a Melina, Giovanni, |e author. | |
| 245 | 1 | 0 | |a Debt sustainability, public investment, and natural resources in Developing countries : |b the DIGNAR model / |c Giovanni Melina, Shu-Chun S. Yang, Luis-Felipe Zanna. |
| 264 | 1 | |a [Washington, District of Columbia] : |b International Monetary Fund, |c 2014. | |
| 264 | 4 | |c ©2014 | |
| 300 | |a 1 online resource (42 pages) : |b illustrations (some color) | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF Working Paper ; |v WP/14/50 | |
| 504 | |a Includes bibliographical references. | ||
| 588 | 0 | |a Online resource; title from PDF title page (ebrary, viewed May 1, 2014). | |
| 505 | 0 | |a Cover; Contents; I. Introduction; II. The DIGNAR Model; A. Households; B. Firms; C. The Government; D. Identities and Market Clearing Conditions; III. Calibration; IV. Scaling up Public Investment with a Resource Windfall; A. The Spend-As-You-Go Approach versus the Delinked Investment Approach; B. Front Loading Public Investment with Commercial Borrowing; C. Domestic versus External Commercial Borrowing; D. Public Investment Efficiency, Return on Public Capital, and Debt Sustainability; V. Conclusions; Tables; 1. Baseline calibration; Figures. | |
| 505 | 8 | |a 1. Different speeds of investment scaling-ups. X-axis is in years. 2. Different degrees of frontloading in investment scaling-ups. X-axis is in years.; 3. Spend-as-you-go vs. delinked investment approach: no additional commercial borrowing. X-axis is in years; 4. Spend-as-you-go vs. delinked investment approach (continued): no additional commercial borrowing. X-axis is in years; 5. Various degrees of investment frontloading: external commercial borrowing. X axis is in years; 6. Various degrees of investment frontloading (continued): external commercial borrowing. X-axis is in years. | |
| 505 | 8 | |a 7. Various degrees of investment frontloading (concluded): external commercial borrowing. X-axis is in years8. Domestic vs. external commercial borrowing. X-axis is in years; 9. Increasing public investment efficiency and/or higher return to public capital: external commercial borrowing and adverse natural resource scenario. X-axis is in years; VI. References. | |
| 520 | |a This paper presents the DIGNAR (Debt, Investment, Growth, and Natural Resources) model, which can be used to analyze the debt sustainability and macroeconomic effects of public investment plans in resource-abundant developing countries. DIGNAR is a dynamic, stochastic model of a small open economy. It has two types of households, including poor households with no access to financial markets, and features traded and nontraded sectors as well as a natural resource sector. Public capital enters production technologies, while public investment is subject to inefficiencies and absorptive capacity c. | ||
| 650 | 0 | |a Debts, Public |z Developing countries |x Econometric models. | |
| 650 | 0 | |a Economic development |z Developing countries |x Econometric models. | |
| 650 | 0 | |a Public investments |z Developing countries |x Econometric models. | |
| 650 | 7 | |a Debts, Public |x Econometric models. |2 fast |0 (OCoLC)fst00888859 | |
| 650 | 7 | |a Economic development |x Econometric models. |2 fast |0 (OCoLC)fst00901797 | |
| 650 | 7 | |a Public investments |x Econometric models. |2 fast |0 (OCoLC)fst01082549 | |
| 651 | 7 | |a Developing countries. |2 fast |0 (OCoLC)fst01242969 | |
| 655 | 0 | |a Electronic books. | |
| 655 | 4 | |a Electronic books. | |
| 700 | 1 | |a Yang, Shu-Chun Susan, |d 1971- |e author. |0 http://id.loc.gov/authorities/names/no2006036747 | |
| 700 | 1 | |a Zanna, Luis-Felipe, |e author. | |
| 710 | 2 | |a International Monetary Fund, |e issuing body. |0 http://id.loc.gov/authorities/names/n81052755 | |
| 776 | 0 | 8 | |i Print version: |a Melina, Giovanni. |t Debt sustainability, public investment, and natural resources in Developing countries: the DIGNAR model. |d [Washington, District of Columbia] : International Monetary Fund, ©2014 |h approximately 42 pages |k IMF working paper ; WP/14/50 |z 9781475515459 |
| 830 | 0 | |a IMF working paper ; |v WP/14/50. |0 http://id.loc.gov/authorities/names/no89010263 | |
| 856 | 4 | 0 | |u http://elibrary.imf.org/view/journals/001/2014/050/001.2014.issue-050-en.xml |y INTERNATIONAL MONETARY FUND |
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| 928 | |t Library of Congress classification |a HJ8899.M455 2014eb |l Online |c UC-FullText |u http://elibrary.imf.org/view/journals/001/2014/050/001.2014.issue-050-en.xml |z INTERNATIONAL MONETARY FUND |g ebooks |i 12147166 | ||