Lybrary.com: ebooks and download videos Search All  Title  Author 
Home / Nonfiction / Business & Economics / International / Economics

Efficient Energy Investment and Fiscal Adjustment in Senegal

$9.00
| £7.35 | €8.52 | Ca$12.26 | Au$12.05
by Salifou Issoufou & Edward F. Buffie
What is this?DRM-EPUB | by download   add to wish list
Efficient Energy Investment and Fiscal Adjustment in Senegal by Salifou Issoufou & Edward F. Buffie

Senegal's fiscal deficit and public debt have been on the rise in recent years owing partly to an ailing and inefficient oil-based energy sector. In this paper we use a two-sector, open-economy, dynamic general equilibrium model to investigate the effects of varying fiscal policy instruments one at a time and of policy packages that increase public investment in energy and infrastructure in scenarios with varying degrees of debt finance and with different types of supporting fiscal adjustment. Lowering the fiscal deficit by raising taxes and cutting government expenditure has adverse effects on growth, real wages and the supply of public services. Senegal does not need, however, to undertake such difficult fiscal adjustment. A public investment program that coordinates new investment in low-cost hydroelectric, coal or gas-fired power with a phased contraction of the oil-based sector raises the total supply of energy by 70 percent, increases real wages and real GDP, stimulates private investment, and significantly reduces the fiscal deficit in the medium long term. More aggressive investment programs borrow against future fiscal gains to combine new energy investments with either delayed or frontloaded investments in non-energy infrastructure. These programs lead to much higher real wages and real GDP while keeping public debt sustainable and the fiscal deficit low in the medium and long term.

To view this DRM protected ebook on your desktop or laptop you will need to have Adobe Digital Editions installed. It is a free software. We also strongly recommend that you sign up for an AdobeID at the Adobe website. For more details please see FAQ 1&2. To view this ebook on an iPhone, iPad or Android mobile device you will need the Adobe Digital Editions app, or BlueFire Reader or Txtr app. These are free, too. For more details see this article.


SHARE  Share by Email  Share on Facebook  Share on Twitter  Share on Linked In  Share on Delicious
or call in the US toll free 1-888-866-9150 product ID: 635995

Ebook Details
Pages: 44
Size: 853 KB
Publisher: INTERNATIONAL MONETARY FUND
Date published:   2014
ISBN: 9781484335000 (DRM-EPUB)

DRM Settings
Copying:of 20 selections every 20 days allowed
Printing:of 20 pages every 20 days allowed
Read Aloud:  not allowed

This product is listed in the following categories:

Nonfiction > Business & Economics > Finance
Nonfiction > Technology > Construction
Nonfiction > Business & Economics > International > Economics

These authors have products in the following categories:

Nonfiction > Business & Economics > Exports & Imports
Nonfiction > Business & Economics > Development > Economic Development
Nonfiction > Business & Economics > Economics > Macroeconomics
Nonfiction > Business & Economics > Finance
Nonfiction > Technology > Construction
Nonfiction > Business & Economics > International > Economics

If you find anything wrong with this product listing, perhaps the description is wrong, the author is incorrect, or it is listed in the wrong category, then please contact us. We will promptly address your feedback.

03/29/2017
© 2017 Lybrary.com