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Growth Dynamics : The Myth of Economic Recovery
Cerra, Valerie; Saxena, Sweta C. - 2013
Using panel data for a large number of countries, we find that economic contractions are not followed by offsetting fast recoveries. Trend output lost is not regained, on average. Wars, crises, and other negative shocks lead to absolute divergence and lower long-run growth, whereas we find...
Persistent link: https://www.econbiz.de/10014063095
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The Fiscal Cost of Conflict : Evidence from Afghanistan 2005-2016
Barrett, Philip - 2018
government revenues lost due to conflict in Afghanistan since 2005. Iidentify causal effects by instrumenting for conflict using … measurement error in equal share. The findings underscore the considerable economicloss due to conflict, and the importance of …
Persistent link: https://www.econbiz.de/10012909415
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Understanding the Macro-Financial Effects of Household Debt : A Global Perspective
Alter, Adrian - 2018
We confirm the negative relationship between household debt and future GDP growth documented in Mian, Sufi, and Verner … relationship. First, debt overhang impairs household consumption when negative shocks hit. Second, increases in household debt … be systematically neglected due to investors' overoptimistic expectations associated with household debt booms. In …
Persistent link: https://www.econbiz.de/10012918565
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Household Deleveraging and Saving Rates : A Cross-Country Analysis
Bouis, Romain - 2022
Historically high household debt in several economies is calling for a deleveraging, but according to some economists …, this paper finds evidence of a negative relationship between changes of household debt-to-income ratios and saving rates … suggest that the economic cost associated with household deleveraging may be overestimated and motivate a deleveraging via …
Persistent link: https://www.econbiz.de/10013306732
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Foreign Aid and Revenue : Still a Crowding Out Effect?
Benedek, Dora - 2012
This paper reexamines the relationship between aid and domestic tax revenues using a more recent and comprehensive dataset covering 118 countries for the period 1980 - 2009. Overall, our results support earlier findings of a negative association between net Official Development Assistance (ODA)...
Persistent link: https://www.econbiz.de/10013098610
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Mobilization Effects of Multilateral Development Banks
Broccolini, Chiara - 2019
We use loan-level data on syndicated lending to a large sample of developing countries between 1993and 2017 to estimate the mobilization effects of multilateral development banks (MDBs), controllingfor a large set of fixed effects. We find evidence of positive and significant direct and...
Persistent link: https://www.econbiz.de/10012889164
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Aid and Growth at the Regional Level
Dreher, Axel - 2015
large to measurably affect aggregate outcomes. Using geocoded data for World Bank aid to a maximum of 2,221 first …
Persistent link: https://www.econbiz.de/10013013824
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Understanding Chile's Social Unrest in an International Perspective
Hadzi-Vaskov, Metodij; Ricci, Luca A. - 2022
We aim to provide a broad descriptive overview of Chile’s social issues, in comparison to other countries and over time, in order to place the recent social unrest in historical and international perspectives which can help prepare the ground for future policy priorities. We follow an eclectic...
Persistent link: https://www.econbiz.de/10013306785
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Good Will Hunting : Do Disasters Make Us More Charitable?
Cevik, Serhan - 2023
Humans are usually compassionate, caring and empathetic toward others, but are we really hardwired for altruism when a disaster hits? There is evidence that people exposed to natural disasters tend to behave more philanthropically, but most studies rely on small-scale surveys and experimental...
Persistent link: https://www.econbiz.de/10014254587
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Growth at Risk from Natural Disasters
Bayoumi, Tamim; Quayyum, Saad; Das, Sibabrata - 2022
The paper analyzes the impact of natural disasters on per-capita GDP growth. Using a quantile regressions and growth-at-risk approach, the paper examines the impact of disasters and policy choices on the distribution of growth rather than simply its average. We find that countries that have in...
Persistent link: https://www.econbiz.de/10013306749