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Business and Economics > Public Finance

You are looking at 1 - 3 of 3 items for :

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Cover Selected Issues Papers
2022 FIFA World Cup: Economic Impact on Qatar and Regional Spillovers
Aidyn Bibolov
,
Ken Miyajima
,
Sidra Rehman
, and
Tongfang Yuan
Qatar hosted the 2022 FIFA World Cup (WC) successfully and took the opportunity to further develop its non-hydrocarbon economy. Near-term contributions to Qatar’s economy, from visitors’ spending and WC-related broadcasting revenue, of up to 1 percent of GDP was comparable to cross-country experiences. The event generated positive regional economic spillovers as a sizeable share of spectators stayed in and commuted from neighboring GCC countries. Longer-term contributions were significant—the large investment in general infrastructure ahead of the WC drove much of the non-hydrocarbon sector’s growth in the past decade. The high-quality infrastructure and global visibility brought by the WC should be leveraged to further promote diversification and achieve the National Vision 2030.
Keywords:
Economic diversification; economic transformation; Qatar; structural reform; FIFA World Cup; broadcasting revenue; Qatar's economy; WC spectator; World Cup broadcasting right; Public investment spending; Capital spending; Production growth; Spillovers; Tourism; Global; Asia and Pacific
Cover Selected Issues Papers
South Africa Carbon Pricing and Climate Mitigation Policy
Mr. Haonan Qu
,
Suphachol Suphachalasai
,
Sneha D Thube
, and
Mr. Sébastien Walker
Meeting South Africa’s ambitious climate objectives will require a comprehensive strategy that includes a more effective use of carbon pricing policy, reducing inefficient government subsidies that have delayed the green transition, well-targeted support to affected industries and households, and other green financial and sectoral measures. Implemented well, the mitigation policy package would promote low-carbon investments, raise government revenues, and support economic growth.
Keywords:
South Africa; carbon tax; climate mitigation; decarbonization transition; distributional effects; carbon neutrality; general equilibrium model; mitigation policy package; climate mitigation policy; South Africa carbon pricing; climate objective; carbon tax tax rate; Greenhouse gas emissions; Electricity; Africa
Cover IMF Working Papers
The Impact of Intersectoral Labor Reallocationon Economic Growth
This study seeks to explain economic growth differences in an aggregate production function framework, where labor reallocation from agriculture to modern sectors influences labor efficiency growth. The econometric analysis uses a panel of 65 countries over 1960-90. The results highlight: (a) the differences in labor reallocation impact on growth, controlled for using the intersectoral wedge in labor productivities; (b) the significance of labor reallocation effects, even after controlling for capital accumulation, initial conditions, and country effects; (c) the role of slow labor reallocation in explaining the dummy variable for Sub-Saharan Africa; (d) the role of initial education levels in explaining differences in labor reallocation rates.
Keywords:
WP; growth rate; Growth; labor reallocation; labor efficiency; education; reallocation effect; reallocation variable; reallocation decision; labor efficiency index; labor reallocation-driven growth; country effect; labor productivity gap; labor reallocation variable; Public expenditure review; Labor productivity; Capital accumulation; Sub-Saharan Africa; South Asia; East Asia; Africa