{
  "title": "Analyzing Fiscal Space Using the MAMS Model - An Application to Burkina Faso",
  "publication": "IMF Working Papers, October 1, 2009",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/31/analyzing-fiscal-space-using-the-mams-model-an-application-to-burkina-faso-23331",
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  "summary": "This paper analyses economic implications and the transmission mechanisms of different options for creating and using fiscal space. For creating fiscal space, we consider prioritizing expenditures, raising revenue, and scaled-up aid.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- This paper analyses economic implications and the transmission mechanisms of different options for creating and using fiscal space.\n- For creating fiscal space, the paper considers: prioritizing expenditures, raising revenue, and scaled-up aid.\n- Fiscal space is used for: increasing health and education spending, infrastructure spending, or both.\n- The analysis takes place within the World Bank's MAMS model, a multisectoral real computable general equilibrium model that incorporates the Millennium Development Goals.\n- The model has been calibrated for Burkina Faso, which serves as an illustrative country example."
    },
    {
      "heading": "Methodology and Model",
      "content": "- Model: World Bank's MAMS model; described as a multisectoral real computable general equilibrium model that incorporates the Millennium Development Goals.\n- Calibration: Model calibrated for Burkina Faso (illustrative country example).\n- Analytical focus: transmission mechanisms of fiscal space creation and use, and implications for growth, labor absorption, education, and health outcomes."
    },
    {
      "heading": "Scenarios and Policy Instruments Examined",
      "content": "- Options for creating fiscal space:\n  - Prioritizing expenditures\n  - Raising revenue\n  - Scaled-up aid\n- Uses of fiscal space:\n  - Increasing health spending\n  - Increasing education spending\n  - Increasing infrastructure spending\n  - Combining health, education, and infrastructure spending"
    },
    {
      "heading": "Key Findings",
      "content": "- Absorbing a more educated labor force requires fundamental structural change in the economy.\n- Increasing health and education spending can face sizeable capacity constraints.\n- Infrastructure spending has a positive effect on growth as well as education and health outcomes."
    },
    {
      "heading": "Subjects and Keywords",
      "content": "- Subject: Education, Expenditure, Fiscal space, Labor, Wages\n- Keywords: exchange rate, private sector, real GDP, reservation wage, wage rate, WP\n\n---\n\n Content in this bundle\n\n- wp09227\n  - wp09227 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - wp09227 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/analyzing-fiscal-space-using-the-mams-model-an-application-to-burkina-faso-23331"
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    "Published: October 1, 2009",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451873740.001",
    "This paper analyses economic implications and the transmission mechanisms of different options for creating and using fiscal space.",
    "For creating fiscal space, the paper considers: prioritizing expenditures, raising revenue, and scaled-up aid.",
    "Fiscal space is used for: increasing health and education spending, infrastructure spending, or both.",
    "The analysis takes place within the World Bank's MAMS model, a multisectoral real computable general equilibrium model that incorporates the Millennium Development Goals.",
    "The model has been calibrated for Burkina Faso, which serves as an illustrative country example.",
    "Model: World Bank's MAMS model; described as a multisectoral real computable general equilibrium model that incorporates the Millennium Development Goals.",
    "Calibration: Model calibrated for Burkina Faso (illustrative country example).",
    "Analytical focus: transmission mechanisms of fiscal space creation and use, and implications for growth, labor absorption, education, and health outcomes.",
    "Options for creating fiscal space:",
    "Uses of fiscal space:",
    "Absorbing a more educated labor force requires fundamental structural change in the economy.",
    "Increasing health and education spending can face sizeable capacity constraints.",
    "Infrastructure spending has a positive effect on growth as well as education and health outcomes.",
    "Subject: Education, Expenditure, Fiscal space, Labor, Wages",
    "Keywords: exchange rate, private sector, real GDP, reservation wage, wage rate, WP",
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