1.

Record Nr.

UNINA9910953636703321

Autore

Crainer Stuart

Titolo

The 75 greatest management decisions ever made / / Stuart Crainer

Pubbl/distr/stampa

New York, : AMACOM, c1999

ISBN

9780814423684

081442368X

9780585101064

058510106X

Edizione

[1st ed.]

Descrizione fisica

xixx, 239 p

Disciplina

658.4/03

Soggetti

Decision making

Decision making - History

Management

Management - History

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Title from title screen.

Nota di bibliografia

Includes bibliographical references (p. [xxi]) and index.

Nota di contenuto

Intro -- Contents -- Introduction -- ACKNOWLEDGMENTS -- INDUSTRY INVENTORS -- THE NAME GAME -- MARKETING MAGIC -- LUCKY FORESIGHT -- LEADING BY EXAMPLE -- SUPERMODELS -- GETTING ON -- COMPETITIVE ADVANTAGES -- BRIGHT IDEAS -- PEOPLE POWER -- THE HALL OF INFAMY -- INDEX.

Sommario/riassunto

The 75 Greatest Management Decisions Ever Made is a pithy compendium that celebrates pinnacles of decision-making that have shaped management through the ages - and left their indelible impressions on business and society.



2.

Record Nr.

UNINA9910962264303321

Autore

Berg Andrew

Titolo

Public Investment, Growth, and Debt Sustainability : : Putting together the Pieces / / Andrew Berg, Rafael Portillo, Edward Buffie, Catherine Pattillo, Luis-Felipe Zanna

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2012

ISBN

9781475552331

1475552335

9781475577259

1475577257

Edizione

[1st ed.]

Descrizione fisica

1 online resource (55 p.)

Collana

IMF Working Papers

Altri autori (Persone)

BuffieEdward

PattilloCatherine

PortilloRafael

ZannaLuis-Felipe

Disciplina

332.152

Soggetti

Debts, External - Developing countries

Finance, Public - Developing countries

Capacity

Capital

Debt Management

Debt sustainability

Debt

Debts, External

Debts, Public

Expenditure

Exports and Imports

External debt

Fiscal Policy

Infrastructure

Institutions and Growth

Intangible Capital

International economics

International Lending and Debt Problems

Investment

Macroeconomics

National accounts

National Government Expenditures and Related Policies: Infrastructures

Other Public Investment and Capital Stock



Public debt

Public finance & taxation

Public Finance

Public investment and public-private partnerships (PPP)

Public investment spending

Public investments

Public-private sector cooperation

Saving and investment

Sovereign Debt

Ghana

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Cover; Table of Contents; I. Introduction; II. The Model; A. Firms; A.1. Technology; A.2. Factor Demands; B. Consumers; C. The Government; C.1. Infrastructure, Public Investment and Efficiency; C.2. Fiscal Adjustment and the Public Sector Budget Constraint; D. Market-Clearing Conditions and External Debt Accumulation; III. Calibration of the Model; Tables; Table 1. Base Case Calibration; IV. The Long-Run Outcome; Table 2. Public Investment Scaling Up, Concessional Borrowing, and Grants; A. Insights from a Simplified Model; Figures; Figure 1. The Long-run Outcome in the Simplified Model

B. Numerical SolutionsTable 3. Long-run Effects of Scaling up Public Investment by 3 Percent of Initial GDP; V. The Medium-Term Fiscal and Macroeconomic Adjustments under Different Financing Schemes; A. Unconstrained Tax Adjustment; A.1. The Base Case; Figure 2. Base Case: Unconstrained Tax Adjustment; A.2. More Optimistic and Troublesome Scenarios; Figure 3. Unconstrained Tax Adjustment: Optimistic and Troublesome Scenarios; A.3. Gradually Increasing Transfers, Efficiency, and the Collection Rate of User Fees; Figure 4. Unconstrained Tax Adjustment: The Size of the Scaling Up

Figure 5. Unconstrained Tax Adjustment: Increasing TransfersB. Constrained Tax Adjustment Combined with External Commercial Borrowing; B.1. Tax Smoothing and Private Demand Crowding Out; Figure 6. Unconstrained Tax Adjustment versus Constrained Tax Adjustment with External Commercial Borrowing; B.2. Debt Blowups: Structural and Policy Conditions; Figure 7. Constrained Tax Adjustment with External Commercial Borrowing: Varying the Structural and Policy Conditions; C. Constrained Tax Adjustment Combined with Domestic Borrowing

Figure 8. Constrained Tax Adjustment: Domestic Borrowing versus External Commercial BorrowingVI. External Shocks and Risks; Figure 9. External TOT Shocks: Shocks Persistence and Financing Schemes; Figure 10. TFP and Risk Premium Shocks and Risks; VII. Concluding Remarks; Appendix A. On Public Investment Efficiency, Rates of Return, and Growth; References

Sommario/riassunto

We develop a model to study the macroeconomic effects of public investment surges in low-income countries, making explicit: (i) the investment-growth linkages; (ii) public external and domestic debt



accumulation; (iii) the fiscal policy reactions necessary to ensure debt-sustainability; and (iv) the macroeconomic adjustment required to ensure internal and external balance. Well-executed high-yielding public investment programs can substantially raise output and consumption and be self-financing in the long run. However, even if the long run looks good, transition problems can be formidable when concessional financing does not cover the full cost of the investment program. Covering the resulting gap with tax increases or spending cuts requires sharp macroeconomic adjustments, crowding out private investment and consumption and delaying the growth benefits of public investment. Covering the gap with domestic borrowing market is not helpful either: higher domestic rates increase the financing challenge and private investment and consumption are still crowded out. Supplementing with external commercial borrowing, on the other hand, can smooth these difficult adjustments, reconciling the scaling up with feasibility constraints on increases in tax rates. But the strategy may be also risky. With poor execution, sluggish fiscal policy reactions, or persistent negative exogenous shocks, this strategy can easily lead to unsustainable public debt dynamics. Front-loaded investment programs and weak structural conditions (such as low returns to public capital and poor execution of investments) make the fiscal adjustment more challenging and the risks greater.