Showing 1 - 10 of 182
"The author assesses empirically the relationship between natural disaster risk and investment in education. Although the results in the empirical literature tend to be inconclusive, using model averaging methods in the framework of cross-country and panel regressions, this paper finds an...
Persistent link: https://www.econbiz.de/10011394156
"The author presents evidence that balance sheet effects are critical determinants of both the likelihood of a crisis and of income losses following a crisis. She tests the validity of "insurance" and "liquidity" models of currency crisis. Both models predict that the occurrence of a balance of...
Persistent link: https://www.econbiz.de/10010522552
"Are natural resources a blessing or a curse? Bravo-Ortega and De Gregorio present a model in which natural resources have a positive effect on the level of income and a negative effect on its growth rate. The positive and permanent effect on income implies a welfare gain. There is a growth...
Persistent link: https://www.econbiz.de/10010522714
"Lopez-de-Silanes examines the theoretical and empirical literature pertaining to securities laws and their enforcement by regulators and courts to establish what is known and what is yet unclear. Recent empirical research in the field has established that law matters. Mandatory disclosure...
Persistent link: https://www.econbiz.de/10010522929
"Bourguignon, Goh, and Kim present an original method to study individual earning dynamics using repeated cross-sectional data. Because panel data of individuals are seldom available in developing countries, it is difficult to study individual earning dynamics and related issues such as the...
Persistent link: https://www.econbiz.de/10010522959
Persistent link: https://www.econbiz.de/10010523067
"The authors study the effect of reorganization costs on the efficiency of bankruptcy laws. They develop a simple model … that predicts that in a regime with high costs, the law fails to achieve the efficient outcome of liquidating unviable … lowering reorganization costs, the reform improved the selection of viable firms into reorganization. In this sense, the new …
Persistent link: https://www.econbiz.de/10010522092
This report, based on a household survey conducted in 2006, discusses options for discouraging qat consumption in Yemen. It draws on a survey-the first representative data collection exercise aimed specifically at assessing the qat consumption phenomena-which confirms that the use of this drug...
Persistent link: https://www.econbiz.de/10012553181
COVID-19 created a dynamic shock to the international tourism industry, with the related health concerns and travel restrictions impacting travelers' perceptions of risk. Among the most affected economies were Small Island Developing States (SIDS), which are highly dependent on tourism receipts,...
Persistent link: https://www.econbiz.de/10013544984
Persistent link: https://www.econbiz.de/10014423022