Showing 1 - 10 of 11
The linearity of the relationship between income inequality and economic development has been long questioned. While … inequality and economic development switches from positive to negative at a net Gini of about 27 percent. We also find that in an … negative impact on economic development because banks may curtail credit to customers at the lower end of the income …
Persistent link: https://www.econbiz.de/10011671105
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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/10012667508
The decline in oil prices in 2014-16 was one of the sharpest in history, and put to test the resilience of oil exporters. We examine the degree to which economic fundamentals entering the oil price decline explain the impact on economic growth across oil exporting economies, and derive policy...
Persistent link: https://www.econbiz.de/10011705066
improving the quality of institutions (as measured by the "governance effectiveness" indicator in the World Bank's Governance … of the level of development on education outcomes by constructing different efficiency frontiers for lower- and higher …
Persistent link: https://www.econbiz.de/10014394329
individual countries' densities into a world aggregate while preserving the non-i.i.d. nature of the global GDP growth …
Persistent link: https://www.econbiz.de/10012251413
We show that macroprudential regulation can considerably dampen the impact of global financial shocks on emerging markets. More specifically, a tighter level of regulation reduces the sensitivity of GDP growth to VIX movements and capital flow shocks. A broad set of macroprudential tools...
Persistent link: https://www.econbiz.de/10012252052
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/10011716310
remarkably low and stable. Was this related to a global disinflation environment triggered by China's integration into world …
Persistent link: https://www.econbiz.de/10011932519
Persistent link: https://www.econbiz.de/10010441962