Multiannual Macroeconomic Programming Techniques For Developing Economies
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Multiannual Macroeconomic Programming Techniques for Developing Economies
This book describes practical techniques to formulate multiannual macroeconomic projections for developing economies. The approach is broadly similar to that of well-known financial-programming ?models?, but some of the material, including solution procedures for the external and fiscal projections and the external-debt projection methodology, is innovative. The basic aim of macroeconomic programming exercises is to determine whether a quantitatively specified macroeconomic and government-expenditure policy program would be ?financially feasible? ? that is, consistent over time with external and internal financing likely to be available. Exercises of the kind described here formulate national-, external-, fiscal-, and monetary-accounts projections, based on (i) assumed behavioral parameters; (ii) assumed ?exogenous? world conditions and internal variables; (iii) programmed macroeconomic objectives such as real growth, inflation, and exchange-rate evolution; (iv) programmed real government expenditure; (v) an external-debt program; and (vi) data for the ?base? year preceding the projection period. The projections include estimates of the external and internal financing the public sector and economy as a whole would require, which may be evaluated for feasibility. Among other applications, macroeconomic programming exercises may be used to help gauge the financial feasibility of development and poverty-reduction objectives (like the UN Millennium Development Goals), or to address external-debt ?sustainability?.
Lao People's Democratic Republic
Author: Asian Development Bank
language: en
Publisher: Asian Development Bank
Release Date: 2012-12-01
This report discusses some of the technical issues involved in formulating a multiannual fiscal strategy for the Lao People's Democratic Republic. The strategy aims to achieve national growth and to reduce poverty, while maintaining sound government finances. It is important to address the overlapping accounts of the government and the country's national socio-economic development plan. Thus, a detailed fiscal strategy is a valuable policy that can be the basis for dialogue and communication between the government and its stakeholders, such as foreign investors, international donors, and taxpayers.
Green Cities
Author: Asian Development Bank
language: en
Publisher: Asian Development Bank
Release Date: 2012-11-01
Asia shares a vision of making all its cities livable one day. The knowledge and financial resources needed to realize that vision exists. But if the challenges of climate change and pollution are to be met, we must reduce energy demand in cities and the undesirable environmental impact associated with energy production and consumption. We must also address the pollution of watersheds and the air. To achieve this, we must manage the urbanization process, city form and design, urban density, transport and logistics systems more efficiently and effectively.