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Income inequality in small states and the Caribbean : stylized facts and determinants

McIntyre, Meredith A.; Bejar, Pablo; Komatsuzaki, Takuji; … - 2021

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

Will the AI revolution cause a great divergence?

Alonso, Cristian; Berg, Andrew; Kothari, Siddharth; … - 2020

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

Debt build-up in frontier Low-Income Developing Countries (LIDCs) since 2012 : global or country-specific factors and way forward?

De Soyres, Constance; Rogantini Picco, Anna; Sab, Randa - 2019

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

International Capital Flows and Development : Financial Openness Matters

Ricci, Luca Antonio - 2010

Does capital flow from rich to poor countries? We revisit the Lucas paradox and explore the role of capital account restrictions in shaping capital flows at various stages of economic development. We find that, when accounting for the degree of capital account openness, the prediction of the...

Persistent link: https://www.econbiz.de/10014397575

The Impact of Worldwide Military Spending Cutson Developing Countries

Symansky, Steven A. - 1993

This paper investigates the economic impact of a coordinated reduction in military expenditures of 20 percent using a specially modified version of the MULTIMOD world economic model. Simulation results indicate that in developing countries the present value of consumption increases by 46 percent...

Persistent link: https://www.econbiz.de/10014398100

The impact of conflict and political instability on banking crises in developing countries

Compaoré, Ali; Mlachila, Montfort; Ouedraogo, Rasmane; … - 2020

While there is an extensive literature examining the economic impact of conflict and political instability … whether rising conflict and political instability globally over the past several decades led to increased occurrence of … associated with higher probability of systemic banking crises. Unsurprisingly, the duration of a conflict is positively …

Persistent link: https://www.econbiz.de/10012251282

Does child marriage matter for growth?

Mitra, Pritha; Pondi Endengle, Eric M.; Pant, Malika; … - 2020

Global attention to ending child marriage and its socio-economic consequences is gaining momentum. Ending child marriage is not only critical from a development perspective but it also has important economic implications. This paper is the first to quantify the relationship between child...

Persistent link: https://www.econbiz.de/10012170160

The role of productivity, transportation costs, and barriers to intersectoral mobility in structural transformation

Karayalçin, Cem; Pintea, Mihaela - 2015

Persistent link: https://www.econbiz.de/10011281174

Credit Booms and macroeconomic dynamics : stylized facts and lessons for low-income countries

Arena, Marco; Bouza, Serpil; Dabla-Norris, Era; … - 2015

Persistent link: https://www.econbiz.de/10011282724

The development of local capital markets : rationale and challenges

Laeven, Luc - 2014

Persistent link: https://www.econbiz.de/10010479468

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