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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

Does a Regional Trade Agreement Lessen or Exacerbate Growth Volatility? An Empirical Investigation

Kpodar, Kangni - 2015

This paper assesses how regional trade agreements (RTAs) impact growth volatility on a worldwide sample of 170 countries with data spanning the period 1978-2012.Notwithstanding concerns that trade openness through RTAs can heighten exposure to shocks, in particular when it leads to increased...

Persistent link: https://www.econbiz.de/10013015607

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

Financial Deepening, Terms of Trade Shocks, and Growth Volatility in Low-Income Countries

Kpodar, Kangni - 2019

This paper contributes to the literature by looking at the possible relevance of the structure of the financial system-whether financial intermediation is performed through banks or markets-for macroeconomic volatility, against the backdrop of increased policy attention on strengthening growth...

Persistent link: https://www.econbiz.de/10012871772

Is Islamic Banking Good for Growth?

Imam, Patrick A. - 2015

The rapid growth of Islamic banking has attracted much attention lately in the economic literature. At the same time, a mature body of the literature has shown that financial development is broadly conducive to economic growth, which raises the question as to whether a similar conclusion holds...

Persistent link: https://www.econbiz.de/10013022272