Fiscal Space for Investment in Infrastructure in Colombia

For the evaluation of macroeconomic policies Colombian authorities rely heavily, if not exclusively, on the operational framework known as the Financial Programming Model developed by the International Monetary Fund in the 1950s. Based on this static framework, the formulation of fiscal policy in th...

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Bibliographic Details
Main Author:	Suescún, Rodrigo
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ADVERSE EFFECTS AGGREGATE DEMAND ANALYTICAL APPROACH BALANCE OF PAYMENTS BALANCE SHEET BENCHMARK BORROWING BUDGET CONSTRAINT CAPITAL EXPENDITURES CAPITAL FORMATION CAPITAL GOODS CAPITAL MARKETS CENTRAL BANK CONSOLIDATION CONSTANT RETURNS TO SCALE CONSUMPTION EXPENDITURES CONSUMPTION TAXES CURRENT EXPENDITURES DEBT DEFICITS DIMINISHING RETURNS DISCOUNT RATES DOMESTIC PRICE ECONOMIC ACTIVITY ECONOMIC BEHAVIOR ECONOMIC GROWTH ELASTICITY ELASTICITY OF SUBSTITUTION EMPIRICAL EVIDENCE EMPIRICAL STUDIES EMPLOYMENT ENDOGENOUS VARIABLES EQUILIBRIUM EXCHANGE RATE EXOGENOUS VARIABLES EXPENDITURES EXPORTS EXTERNALITIES EXTERNALITY FINANCIAL MARKETS FISCAL ADJUSTMENT FISCAL AUTHORITY FISCAL BALANCE FISCAL DEFICIT FISCAL PERFORMANCE FISCAL POLICIES FISCAL POLICY FISCAL RETRENCHMENT FISCAL RULES FORECASTS FOREIGN EXCHANGE GDP GENERAL EQUILIBRIUM MODEL GOVERNMENT BONDS GOVERNMENT BUDGET GOVERNMENT DEBT GROSS DEBT GROSS PUBLIC DEBT GROWTH RATE HUMAN CAPITAL IMPERFECT SUBSTITUTES IMPORTS INCOME INCOME TAXES INFLATION INTEREST RATE INTEREST RATES INTERMEDIATE GOODS LAWS LEISURE MACROECONOMIC POLICIES MARGINAL PRODUCTIVITY MIDDLE INCOME COUNTRIES NATIONAL INCOME NATURAL MONOPOLY OIL OPERATING SURPLUS OPTIMIZATION PENSION LIABILITIES PENSION OBLIGATIONS POPULATION GROWTH PRIVATE CONSUMPTION PRIVATE GOODS PRIVATE SECTOR PRIVATIZATION PRODUCTION FUNCTION PRODUCTION TECHNOLOGY PROVISION OF INFRASTRUCTURE PUBLIC CAPITAL PUBLIC CAPITAL SPENDING PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC INVESTMENT IN INFRASTRUCTURE PUBLIC POLICIES PUBLIC SECTOR PUBLIC SPENDING RANDOM WALK RATIONAL EXPECTATIONS REAL EXCHANGE RATE REAL WAGE RELATIVE PRICE RELATIVE PRICES RISK PREMIUM SECURITIES SOCIAL SECURITY SUPPLY CURVE SUSTAINABLE GROWTH TAX TAX COLLECTION TAX RATES TAX REVENUE TAX REVENUES TAXATION TELECOMMUNICATIONS TERMS OF TRADE TRANSPORT USER CHARGES VALUE ADDED
Online Access:	http://documents.worldbank.org/curated/en/2005/06/5852353/fiscal-space-investment-infrastructure-colombia http://hdl.handle.net/10986/8228

Internet

http://documents.worldbank.org/curated/en/2005/06/5852353/fiscal-space-investment-infrastructure-colombia
http://hdl.handle.net/10986/8228

Fiscal Space for Investment in Infrastructure in Colombia

Internet

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