Manoj Atolia's Books

Rethinking Development Policy: Deindustrialization, Servicification and Structural Transformation

By: Manoj Atolia,Mr.Prakash Loungani,Milton Marquis,Mr.Chris Papageorgiou

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Rethinking Development Policy: Deindustrialization, Servicification and Structural Transformation

By: Manoj Atolia,Mr.Prakash Loungani,Milton Marquis,Mr.Chris Papageorgiou

This paper takes a fresh look at the current theories of structural transformation and the role of private and public fundamentals in the process. It summarizes some representative past and current experiences of various countries vis-a-vis structural transformation with a focus on the roles of manufacturing, policy, and the international environment in shaping the trajectory of structural transformation. The salient aspects of the current debate on premature deindustrialization and its relation to a middle-income trap are described as they relate to the path of structural transformation. Conclusions are drawn regarding prospective future paths for structural transformation and development policies.

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International Monetary Fund

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ISBN 10

1484377494

ISBN 13

9781484377499

Investing in Public Infrastructure

Roads or Schools?

By: Manoj Atolia,Bin Grace Li,Ricardo Marto,Mr.Giovanni Melina

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Investing in Public Infrastructure

Roads or Schools?

By: Manoj Atolia,Bin Grace Li,Ricardo Marto,Mr.Giovanni Melina

Why do governments in developing economies invest in roads and not enough in schools? In the presence of distortionary taxation and debt aversion, the different pace at which roads and schools contribute to economic growth turns out to be central to this decision. Specifically, while costs are front-loaded for both types of investment, the growth benefits of schools accrue with a delay. To put things in perspective, with a “big push,” even assuming a large (15 percent) return differential in favor of schools, the government would still limit the fraction of the investment scale-up going to schools to about a half. Besides debt aversion, political myopia also turns out to be a crucial determinant of public investment composition. A “big push,” by accelerating growth outcomes, mitigates myopia—but at the expense of greater risks to fiscal and debt sustainability. Tied concessional financing and grants can potentially mitigate the adverse effects of both debt aversion and political myopia.

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International Monetary Fund

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ISBN 10

147559593X

ISBN 13

9781475595932

Optimal Control of a Global Model of Climate Change with Adaptation and Mitigation

By: Manoj Atolia,Mr.Prakash Loungani,Helmut Maurer,Willi Semmler

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Optimal Control of a Global Model of Climate Change with Adaptation and Mitigation

By: Manoj Atolia,Mr.Prakash Loungani,Helmut Maurer,Willi Semmler

The Integrated Assessment Model (IAM) has extensively treated the adverse effects of climate change and the appropriate mitigation policy. We extend such a model to include optimal policies for mitigation, adaptation and infrastructure investment studying the dynamics of the transition to a low fossil-fuel economy. We focus on the adverse effects of increase in atmospheric CO2 concentration on households. Formally, the model gives rise to an optimal control problem of finite horizon consisting of a dynamic system with five-dimensional state vector consisting of stocks of private capital, green capital, public capital, stock of brown energy in the ground, and emissions. Given the numerous challenges to climate change policies the control vector is also five-dimensional. Our solutions are characterized by turnpike property and the optimal policy that accomplishes the objective of keeping the CO2 levels within bound is characterized by a significant proportion of investment in public capital going to mitigation in the initial periods. When initial levels of CO2 are high, adaptation efforts also start immediately, but during the initial period, they account for a smaller proportion of government's public investment.

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1484390652

ISBN 13

9781484390658

Book's by Manoj Atolia

Rethinking Development Policy: Deindustrialization, Servicification and Structural Transformation

Rethinking Development Policy: Deindustrialization, Servicification and Structural Transformation

Investing in Public Infrastructure

Investing in Public Infrastructure

Optimal Control of a Global Model of Climate Change with Adaptation and Mitigation

Optimal Control of a Global Model of Climate Change with Adaptation and Mitigation

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