Showing 1 - 10 of 12
The pronounced and persistent impact of the global financial crisis of 2008 motivates our empirical analysis of the role of institutions and macroeconomic fundamentals on countries' adjustment to shocks. Our empirical analysis shows that the associations of growth level, growth volatility,...
Persistent link: https://www.econbiz.de/10012064688
The paper compares fiscal cyclicality across regions and countries from 1960 to 2016. It finds that more than half of 170 countries analyzed in seven regions had, in more recent years, limited fiscal space, and that their fiscal policy was either cyclical or procyclical. This was particularly...
Persistent link: https://www.econbiz.de/10012064746
This paper reviews the patterns of sectoral debts and growth and the mechanisms explaining the adverse effects of debt burdens on growth rates. The empirical analysis covers a sample of 55 emerging and frontier market economies. Future economic growth is more sensitive to rising household debt...
Persistent link: https://www.econbiz.de/10014549294
Digitalization transforms how entrepreneurs pursue opportunities. To understand this transformative impact on entrepreneurship, we present the Global Index of Digital Entrepreneurship Systems (GIDES), a composite indicator developed to assess the performance of the digital entrepreneurial...
Persistent link: https://www.econbiz.de/10014549347
The coronavirus disease (COVID-19) pandemic placed health-care systems around the world under great stress. The sharp increase in demand for health care highlighted the importance of efficient health spending. The negative impact of the pandemic on global economic growth further strengthened the...
Persistent link: https://www.econbiz.de/10014549358
This paper examines the association between episodes of large fiscal impulses (expansions and adjustments) and sustainable development indicators (prosperity, resilience, and inclusivity). We provide country studies of Chile, Poland, South Africa, and Thailand, examining the components of...
Persistent link: https://www.econbiz.de/10013205157
How did developing Asian economies perform with respect to tax revenue mobilization before and during the coronavirus disease (COVID-19) pandemic? An analysis of data from developing Asia suggests that both short-run and long-run tax buoyancies, a measure of how tax revenue responds to gross...
Persistent link: https://www.econbiz.de/10013365402
What are the salient features of developing Asia's tax revenues and public expenditures? How do these compare with other economies and how have they been affected by the coronavirus disease (COVID-19) pandemic? To analyze these issues we assemble data across economies drawing on a range of...
Persistent link: https://www.econbiz.de/10014297968
Entrepreneurship, or the activity of starting and running a business, is a vital ingredient of economic growth and development. Entrepreneurs contribute to innovation, and they are central to dynamic Schumpeterian competition and broader economic dynamism. In this paper, we contribute to the...
Persistent link: https://www.econbiz.de/10014297975
This study documents empirical regularities related to structural changes in the exporting pattern and degree of competitiveness in selected Asian countries in the decade following the 1997 Asian crisis. We conceptually illustrate that the degree of competitiveness is determined by...
Persistent link: https://www.econbiz.de/10010507328