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and elevated inflation. Globally, environmental sustainability is becoming central to the economic agenda. The challenge …
Persistent link: https://www.econbiz.de/10013255376
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The main purpose of this report is to assist the Democratic Republic of Cong (DRC) to identify the priorities for education policy and present options in order to assist the government in developing an education strategy. This is necessary for preparing the government's Poverty Reduction...
Persistent link: https://www.econbiz.de/10012563402
"External exposure can be measured by the sensitivity of first and second moments of economic growth to openness and foreign shocks. This paper provides an empirical evaluation of external exposure using panel data methods for a worldwide sample of countries. Controlling for domestic conditions,...
Persistent link: https://www.econbiz.de/10010522467
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"Model uncertainty hampers consensus on the key determinants of economic growth. Some recent cross-country, cross-sectional analyses have employed Bayesian Model Averaging to address the issue of model uncertainty. This paper extends that approach to panel data models with country-specific fixed...
Persistent link: https://www.econbiz.de/10011394124
"This paper examines the implications of bank activity and short-term funding strategies for bank risk and returns …-interest income generating activities such as trading increases the rate of return on assets, and it may offer some risk …, although it can offer some risk reduction at commonly observed low levels of non-deposit funding. A sizeable proportion of …
Persistent link: https://www.econbiz.de/10011394131
"The most basic argument for insurance is that it reduces financial risk. But since insurance opens up new … patient, it is not immediately obvious that insurance will in practice reduce financial risk. The authors analyze the effect …'s own per capita income. The estimates of the effect of insurance on financial risk allow for the possible endogeneity of …
Persistent link: https://www.econbiz.de/10010522459
, they also extend previous work by assessing the extent of risk protection afforded by formal health insurance, and by …
Persistent link: https://www.econbiz.de/10010522460