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Quality of Government and Living Standards : Adjusting for the Efficiency of Public Spending

Grigoli, Francesco - 2012

It is generally acknowledged that the government’s output is difficult to define and its value is hard to measure. The practical solution, adopted by national accounts systems, is to equate output to input costs. However, several studies estimate significant inefficiencies in government...

Persistent link: https://www.econbiz.de/10013098623

Waste Not, Want Not : The Efficiency of Health Expenditure in Emerging and Developing Economies

Grigoli, Francesco - 2013

Public health spending is low in emerging and developing economies relative to advanced economies and health outputs and outcomes need to be substantially improved. Simply increasing public expenditure in the health sector, however, may not significantly affect health outcomes if the efficiency...

Persistent link: https://www.econbiz.de/10013075544

A Hybrid Approach to Estimating the Efficiency of Public Spending on Education in Emerging and Developing Economies

Grigoli, Francesco - 2014

The measurement of the efficiency of public education expenditure using parametric and non-parametric methods has proven challenging. This paper seeks to overcome the difficulties of earlier studies by using a hybrid approach to measure the efficiency of secondary education spending in emerging...

Persistent link: https://www.econbiz.de/10013058432

Mobility Under the COVID-19 Pandemic : Asymmetric Effects Across Gender and Age

Caselli, Francesca; Grigoli, Francesco; Sandri, Damiano; … - 2021

Lockdowns and voluntary social distancing led to significant reduction in people's mobility. Yet, there is scant evidence on the heterogeneous effects across segments of the population. Using unique mobility indicators based on anonymized and aggregate data provided by Vodafone for Italy,...

Persistent link: https://www.econbiz.de/10013250080

Assessing Targeted Containment Policies to Fight COVID-19

Checo, Ariadne; Grigoli, Francesco; Mota, Jose M. - 2021

The large economic costs of full-blown lockdowns in response to COVID-19 outbreaks, coupled with heterogeneous mortality rates across age groups, led to question non-discriminatory containment measures. In this paper we provide an assessment of the targeted approach to containment. We propose a...

Persistent link: https://www.econbiz.de/10013250084

Dampening Global Financial Shocks : Can Macroprudential Regulation Help (More than Capital Controls)?

Bergant, Katharina - 2020

We show that macroprudential regulation can considerably dampen the impact of globalfinancial shocks on emerging … markets. More specifically, a tighter level of regulation reducesthe sensitivity of GDP growth to VIX movements and capital … andliquidity, foreign currency mismatches, and risky forms of credit. We also find that tightermacroprudential regulation allows …

Persistent link: https://www.econbiz.de/10012828057

How Persistent are Climate-Related Price Shocks? Implications for Monetary Policy

Kabundi, Alain; Mlachila, Montfort; Yao, Jiaxiong - 2022

Climate change is likely to lead to more frequent and more severe supply and demand shocks that will present a challenge to monetary policy formulation. The main objective of the paper is to investigate how climate shocks affect consumer prices in a broad range of countries over a long period...

Persistent link: https://www.econbiz.de/10014238517

The Quality of the Recent High-Growth Episode in Sub-Saharan Africa

Martinez, Marcelo - 2013

The paper explores the quality of the recent high-growth episode in sub-Saharan Africa by examining the following two questions: (i) what has been the nature and pattern of SSA growth over the past 15 years and how does it compare with previous episodes? (ii) has this growth had an impact on...

Persistent link: https://www.econbiz.de/10013085136

Inequality and Growth : A Heterogeneous Approach

Grigoli, Francesco - 2017

The combination of stagnant growth and high levels of income inequality renewed the debate about whether a more even distribution of income can spur economic activity. This paper tests for cross-country convergence in income inequality and estimates its impact on economic growth with a...

Persistent link: https://www.econbiz.de/10012962147

Does Openness Matter for Financial Development in Africa?

David, Antonio C. - 2014

This paper analyzes the links between financial and trade openness and financial development in Sub-Saharan African (SSA) countries. It is based on a panel dataset using methods that tackle slope heterogeneity, cross-sectional dependence and non-stationarity, important econometric problems that...

Persistent link: https://www.econbiz.de/10013050666