Showing 1 - 10 of 23
This paper studies the implications of the Uruguay Round for Kenya’s own trade regime and its external trading … environment. The analysis indicates that Kenya did not undertake significant liberalization commitments under the Uruguay Round …. There are however, several effects on Kenya’s external trading environment due to most-favored nation tariff cuts, erosion …
Persistent link: https://www.econbiz.de/10014396154
(SMEs) in the world. The paper provides empirical evidence on the drivers of SME access to finance for a large sample of … development and better governance would help close the SME financial inclusion gap between MENAP and CCA regions and the best …
Persistent link: https://www.econbiz.de/10012251308
A universal testing and isolation policy is the most viable way to vanquish a pandemic. Its implementation requires: (i) an epidemiological rather than clinical approach to testing, sacrificing accuracy for scalability, convenience and speed; and (ii) state intervention to ramp up production,...
Persistent link: https://www.econbiz.de/10012252486
This article documents recent developments in emerging markets in the context of the COVID-19 pandemic, assesses their prospects and challenges, and discusses appropriate policy settings for the medium term. It argues that EM policymakers' ability to grapple with an incomplete and uneven...
Persistent link: https://www.econbiz.de/10013170245
In the wake of the COVID-19 crisis, governments around the world announced unprecedented fiscal packages to address the economic impact of the crisis. The unusually large scale of the packages was accompanied by widespread calls for "greening" them to meet the dual goals of economic recovery and...
Persistent link: https://www.econbiz.de/10012796277
While the COVID-19 pandemic is affecting all countries, output losses vary considerably across countries. We provide a first analysis of robust determinants of observed initial output losses using model-averaging techniques-Weighted Average Least Squares and Bayesian Model Averaging. The results...
Persistent link: https://www.econbiz.de/10012517923
The policy response to the COVID-19 shock included regulatory easing across many jurisdictions to facilitate the flow of credit to the economy and mitigate a further ampli-fication of the shock through tighter financial conditions. Using an intraday event study,this paper examines how stock...
Persistent link: https://www.econbiz.de/10012518694
This paper finds empirical evidence that faster and smarter containment measures were associated with lower fiscal responses to the COVID-19 shock. We also find that initial conditions, such as fiscal space, income, health preparedness and budget transparency were important in shaping the amount...
Persistent link: https://www.econbiz.de/10012518866
Quick vaccine rollouts are crucial for a strong economic recovery, but vaccine hesitancy could prolong the pandemic and the need for social distancing and lockdowns. We use individual-level data from nationally representative surveys developed by YouGov and Imperial College London to empirically...
Persistent link: https://www.econbiz.de/10012613484
This paper provides evidence on the impact of major epidemics from the past two decades on income distribution. The pandemics in our sample, even though much smaller in scale than COVID-19, have led to increases in the Gini coefficient, raised the income share of higher-income deciles, and...
Persistent link: https://www.econbiz.de/10012613506