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This paper presents an integrated overview of the literature linking institutions, financial development and economic … impact of institutions on growth through financial development. … growth. From the large body of research on institutional development, the paper first selects those contributions that make …
Persistent link: https://www.econbiz.de/10011290078
environment. This link also threatens the sustainability of the world's economic growth, particularly when the emission of …
Persistent link: https://www.econbiz.de/10010344293
In this paper we document the stylized facts about the relationship between international oil price swings, sovereign risk and macroeconomic performance of oil-exporting economies. We show that even though being a bigger oil producer decreases sovereign risk–because it increases a...
Persistent link: https://www.econbiz.de/10011950480
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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
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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
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Small Developing States (SDS) face substantial challenges in achieving sustainable development. Many of these … countries to the impact of climate change and natural disasters. Meeting SDS sustainable development goals goes hand …-in-hand with building their climate resilience. But the additional costs to meet development and resilience objectives are …
Persistent link: https://www.econbiz.de/10012518849