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Analyzing Fiscal Space Using the Mams Model [electronic resource] : An Application to Burkina Faso.

Author/Creator:
International Monetary Fund
Publication:
Washington, D.C. : International Monetary Fund, 2009.
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 09/227.
IMF Working Papers; Working Paper No. 09/227
Format/Description:
Government document
Book
1 online resource (63 p.)
Local subjects:
Benefits.
Budget composition.
Capital expenditures.
Capital inflows.
Central government budget.
Composition of government expenditures.
Concessional aid.
Defense spending.
Economic growth.
Economic models.
Expenditure growth.
Expenditure increase.
Expenditure increases.
Expenditure levels.
Fiscal accounts.
Fiscal policy.
Fiscal policy objectives.
Fiscal sector.
Fiscal solvency.
Fiscal space.
Formal sector.
Formal sectors.
Government budget.
Government budgets.
Government expenditures.
Government spending.
Human capital.
Infrastructure.
Millennium Development Goals.
Public spending.
Reduction in tax.
Resource mobilization.
Revenue mobilization.
Tax base.
Tax burden.
Tax collection.
Tax policy.
Tax rates.
Tax reform.
Tax reforms.
Tax structure.
Tax system.
Taxation.
Wage.
Wage adjustment.
Wage adjustments.
Wage earners.
Wage incentives.
Wage rate.
Wage rates.
Wage restraint.
Wages.
Burkina Faso.
Summary:
This paper analyses economic implications and the transmission mechanisms of different options for creating and using fiscal space. For creating fiscal space, we consider prioritizing expenditures, raising revenue, and scaled-up aid. Fiscal space is used for increasing health and education spending, infrastructure spending, or both. The analysis takes place within the World Bank''s MAMS model, which is a multisectoral real computable general equilibrium model that incorporates the Millennium Development Goals. The model has been calibrated for Burkina Faso, which serves as an illustrative country example. Some of the key results are that absorbing a more educated labor force requires fundamental structural change in the economy; increasing health and education spending can face sizeable capacity constraints; and infrastructure spending has a positive effect on growth as well as education and health outcomes.
Notes:
Description based on print version record.
Contributor:
International Monetary Fund
Other format:
Print Version:
ISBN:
1451873743:
9781451873740
ISSN:
1018-5941
Publisher Number:
10.5089/9781451873740.001
Access Restriction:
Restricted for use by site license.
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