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New Insights into ECCU's Tourism Sector Competitiveness

Ghazanchyan, Manuk - 2019

Tourism has become the main driver of economic growth and employment and the most important source of income in the ECCU. Preserving and, possibly, enhancing the competitiveness of the tourism product is key for these countries. Unfortunately, the evidence shows that tourism arrivals to the ECCU...

Persistent link: https://www.econbiz.de/10012864113

Constructing a Positive Shock : Growth Through the Lens of Option Pricing

Cangul, Mehmet - 2023

Low-income economies face negative shocks whose frequency and disproportionate impact overcome growth trajectories, producing a negative drift. COVID-19 was the latest such episode. To escape this negative drift, and build a durable recovery, there is a need for a counter-balancing force: to...

Persistent link: https://www.econbiz.de/10014352622

Borrowing Costs and the Role of Multilateral Development Banks : Evidence from Cross-Border Syndicated Bank Lending

Gurara, Daniel - 2019

Cross-border bank lending is a growing source of external finance in developing countries and could play a key role for infrastructure financing. This paper looks at the role of multilateral development banks (MDBs) on the terms of syndicated loan deals, focusing on loan pricing. The results...

Persistent link: https://www.econbiz.de/10012895120

Being Poor, Feeling Poorer : Inequality, Poverty and Poverty Perceptions in the Western Balkans

Koczan, Zsoka - 2016

Emerging Europe has undergone a major economic transformation over the past 25 years. Most countries experienced initial drops in output during transition, followed by recovery in the second half of the 1990s. The path of transition in the Western Balkans has however been particularly uneven....

Persistent link: https://www.econbiz.de/10012996074

Household Consumption Volatility and Poverty Risk : Case Studies from South Africa and Tanzania

Bellon, Matthieu - 2020

Economic volatility remains a fact of life in Sub Saharan Africa (SSA). Household-level shocks create large consumption fluctuations, raising the incidence of poverty. Drawing on micro-level data from South Africa and Tanzania, we examine the vulnerability to shocks across household types (e.g....

Persistent link: https://www.econbiz.de/10012836527

Financial Access Under the Microscope

Agarwal, Sumit - 2018

We examine the impact of a large-scale microcredit expansion program on financial access and the transition of previously unbanked borrowers to commercial banks. Using administrative micro-data covering the universe of loans to individuals from a developing country, we show that the program...

Persistent link: https://www.econbiz.de/10012907955

Firm Size, Life Cycle Dynamics and Growth Constraints : Evidence from Mexico

Misch, Florian - 2019

This paper examines the variation in life cycle growth across the universe of Mexican firms. We establish two stylized facts to motivate our analysis: first, we show that firm size matters for development by illustrating a close correlation with state-level per capita incomes. Second, we show...

Persistent link: https://www.econbiz.de/10012866903

India : Defining and Explaining Inclusive Growth and Poverty Reduction

Anand, Rahul - 2014

We document the evolution of poverty and inequality across Indian states during the recent period of rapid growth (2004-09), and examine the role of growth and distribution in reducing poverty. Robust economic growth has been a major driver of poverty reduction and inclusiveness in India. We...

Persistent link: https://www.econbiz.de/10013053957

Export Orientation and Productivity in Sub-Saharan Africa

Mengistae, Taye; Pattillo, Catherine A. - 2021

selection of more efficient producers into exporting or by learning-by-exporting. By thinking about the mechanisms behind … selectivity and learning, however, our finding of higher premiums for direct exporters and exporters to outside Africa could be … interpreted as being consistent with learning-by-exporting effects. However, if learning-by-exporting is indeed present in the …

Persistent link: https://www.econbiz.de/10013317891

Fixed Capital Adjustment : Is Latin America Different? Evidence from the Colombian and Mexican Manufacturing Sectors

Gelos, Gaston; Isgut, Alberto - 2021

This paper examines capital adjustment patterns using two large and largely novel data sets from the manufacturing sectors of Colombia and Mexico. The findings show that investment patterns in these countries resemble those reported for the United States to a surprising extent. Capital...

Persistent link: https://www.econbiz.de/10013321421

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