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This paper considers the implications for developing countries of a new wave of technological change that substitutes pervasively for labor. It makes simple and plausible assumptions: the AI revolution can be modeled as an increase in productivity of a distinct type of capital that substitutes...
Persistent link: https://www.econbiz.de/10012302048
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Rising income inequality has emerged as a major policy issue facing policymakers, but there is a dearth of empirical work on inequality in small states, including the Caribbean. Despite data limitations, the empirical analysis using a sample of small states finds that increased openness and...
Persistent link: https://www.econbiz.de/10012518290
Small Developing States (SDS) face substantial challenges in achieving sustainable development. Many of these … countries to the impact of climate change and natural disasters. Meeting SDS sustainable development goals goes hand …-in-hand with building their climate resilience. But the additional costs to meet development and resilience objectives are …
Persistent link: https://www.econbiz.de/10012518849
-challenged world, and the importance of infrastructure investment geared toward such systems changes. The key policies to enable the …
Persistent link: https://www.econbiz.de/10012612346
This paper focuses on the debt build-up that frontier low-income developing countries (LIDCs) have faced since 2012. First, it documents a 20-percentage point increase in the external and government debt-to-GDP ratios, a composition shift toward higher non-concessional debt, and a rise in...
Persistent link: https://www.econbiz.de/10012009382
restrictions in shaping capital flows at various stages of economic development. We find that, when accounting for the degree of …
Persistent link: https://www.econbiz.de/10014397575
specially modified version of the MULTIMOD world economic model. Simulation results indicate that in developing countries the … economic externality due to enhanced trade and lower world interest rates. Accordingly, the net debtor developing country gains …
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