It takes the average reader and 31 minutes to read From Natural Resource Boom to Sustainable Economic Growth: Lessons for Mongolia by Pranav Gupta
Assuming a reading speed of 250 words per minute. Learn more
Some resource-rich developing countries are in the process of harnessing immense mining resources towards inclusive growth and prosperity. Nevertheless, tapping into natural resources could be challenging given the large front-loaded investment, volatile capital flows and exposure to global commodity markets. Public investment is needed to remove the often-large infrastructure gap and unlock the economic potential. However, too rapid fiscal outlays could push the economy to its limit of absorptive capacity and increase macro-financial vulnerabilities. This paper utilizes a structural model-based approach to analyze macroeconomic impacts of different public investment strategies on key fiscal and non-fiscal variables such as debt, consumption, sovereign wealth fund, and real exchange rates. We apply the model to Mongolia and draw policy recommendations from the analysis. We find that fiscal policy adjustment, particularly moderating infrastructure investment and optimizing investment efficiency is needed to maintain macroeconomic and external stability, as well as to boost the long-term sustainable growth for Mongolia.
From Natural Resource Boom to Sustainable Economic Growth: Lessons for Mongolia by Pranav Gupta is 31 pages long, and a total of 7,781 words.
This makes it 10% the length of the average book. It also has 10% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 42 minutes to read From Natural Resource Boom to Sustainable Economic Growth: Lessons for Mongolia aloud.
From Natural Resource Boom to Sustainable Economic Growth: Lessons for Mongolia is suitable for students ages 8 and up.
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