Bangladesh is recognized globally for its achievements and potential, despite a number of difficult challenges. Given the sustained economic growth over the last three decades, Bangladesh is identified as one of the next eleven emerging economies in the world. The country is at a crossroads...

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,...

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...

"It is so widely recognized that innovation is a key driver of economic growth that it is cliche to say so. This article studies product innovation by firms with data from 68 countries, covering more than 25,000 firms in eight manufacturing sectors. The author assesses the predictions of...

"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...

"Empirical evidence suggests that the higher-order effects of natural disasters, which affect intangible assets, may be even more important than the material inter-industry effects. However, most existing general equilibrium models ignore higher order effects concerning human capital. Moreover,...

"The authors provide various estimates of the government net capital stocks for a panel of 26 developing countries over the period 1970-2001. Two kinds of internationally comparable series of public capital stocks are presented. The first estimates are based on the standard perpetual inventory...

"A rapidly growing empirical literature is studying the causes and consequences of bank fragility in contemporary economies. The authors reviews the two basic methodologies adopted in cross-country empirical studies-the signals approach and the multivariate probability model-and their...