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MAMS A Tool for Public Finance and Development Strategy:妈妈的工具,公共财政与发展战略
* * MDG-HDcut: key result is that, for the human development MDGs, the country achieves 91.6 percent of the increase required to meet the MDGs whereas, for the poverty objective, 102.6 percent of the required drop is achieved (i.e., a slight overachievement). MDG-INFcut: if the country maintains a 100% achievement rate for its human development MDGs while cutting spending on infrastructure, 89.3 percent of the required fall in poverty MDG is achieved. The driving force behind this outcome is that, during the simulation period, spending on infrastructure has a considerably stronger impact on GDP growth than spending in the human development area – annual GDP growth for MDG-HDcut is very close to MDG-Base whereas, for MDG-Infcut, there is a significant slowdown (by 0.5 percent in annual growth). This is partly because of the lag in the effect of human development on growth. * * * In an additional simulation, not reported elsewhere in this chapter, we let the productivity improvement of the government be doubled, to 3 percent per year. The result is a further strengthening of these outcomes: the PV of aid declines to $22.7 billion and the government GDP share in 2015 falls to 45.7 percent, without any significant impact on poverty reduction. * * * Government Mix: MDG-MIX The PV of total foreign aid 2006-2015 falls from US$30.9 billion to US$20.2 As a result of less foreign aid, the appreciation of the real exchange rate is less pronounced whereas export growth increases and import growth slows down. Huge increase in direct taxes From 6.3% of GDP in 2005 to close to 25% in 2015. Strong dampening impact on growth in household factor incomes, consumption, savings and investments Results in slower growth in the private capital stock and private GDP GDP falls from 5.2% under MDG-Base to 4.3% in this scenario. Government Mix: MDG-MIX (cont) Although the scenario MDG-Mix has a more realistic outcome for foreign aid, it has the drawbacks of reducing private and over-
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