It takes the average reader and 45 minutes to read Market Reforms and Public Debt Dynamics in Emerging Market and Developing Economies by Mr. Zamid Aligishiev
Assuming a reading speed of 250 words per minute. Learn more
Many emerging market and developing economies face a difficult trade-off between economic support and fiscal sustainability. Market-oriented structural reforms ease this trade-off by promoting economic growth and strengthening public finances. The empirical analysis in this note, based on 62 EMDEs over 1973-2014, shows that reforms are associated with sizeable and long-lasting reductions in the debt-to-GDP ratio mainly through higher fiscal revenues and lower borrowing costs. These effects are larger in countries with greater tax efficiency, lower informality, and higher initial debt. Moreover, a model-based analysis elaborates on how such fiscal gains can be enhanced when revenue windfalls associated with reforms are saved or channeled through higher public investment.
Market Reforms and Public Debt Dynamics in Emerging Market and Developing Economies by Mr. Zamid Aligishiev is 45 pages long, and a total of 11,475 words.
This makes it 15% the length of the average book. It also has 14% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 2 minutes to read Market Reforms and Public Debt Dynamics in Emerging Market and Developing Economies aloud.
Market Reforms and Public Debt Dynamics in Emerging Market and Developing Economies is suitable for students ages 8 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
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