The appropriate fiscal response to a temporary terms of trade windfall is difficult to determine, even in an unregulated economy. But controls, such as those in force during the 1976-79 coffee boom in Kenya, introduce special problems. For example, foreign exchange controls make the private investment of boom income inefficient by causing it to be undertaken too rapidly. In Kenya the boom induced a massive increase in public expenditure, far in excess...
Voir la suite
INFORMATION
-
1989/09/30
-
Article de revue
-
14198
-
1
-
1
-
2010/07/01
-
Fiscal response to a temporary trade shock : the aftermath of the Kenyan coffee boom
-
public expenditure
TÉLÉCHARGER
RAPPORT COMPLET
Version officielle du document (peut inclure des signatures etc…)
-
Total Downloads** : 557
*La version texte est une version à reconnaissance optique de caractères non-corrigée. Cette version est fournie uniquement pour accommoder les utilisateurs disposant de connections lentes.