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Epidemics, gender, and human capital in developing countries
Fabrizio, Stefania; Gomes, Diego Braz Pereira; … - 2021
Epidemics have disrupted lives for centuries with deleterious human capital and economic repercussions. In this paper, we investigate how epidemics episodes have impacted school dropouts in developing countries, considering 623 epidemics episodes across countries from 1970 to 2019. Our estimates...
Persistent link: https://www.econbiz.de/10012796214
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A unified model of cohort mortality for economic analysis
Lleras-Muney, Adriana; Moreau, Flavien - 2021
We propose a dynamic production function of population health and mortality from birth onwards. Our parsimonious model … provides an excellent fit for the mortality and survival curves for both primate and human populations since 1816. The model … mortality gradients across socio-economic statuses, (ii) non-monotonic dynamic effects of in-utero shocks, (iii) persistent or …
Persistent link: https://www.econbiz.de/10012518293
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Debt, Deficits, and Age-Specific Mortality
Faruqee, Hamid - 2002
This paper develops an overlapping agents model with age-specific mortality rates. The analytical framework also nests … Blanchard''s (1985) ""perpetual youth"" model as a special, though perhaps not realistic, case. With age specific mortality … replicate the empirical relation between age and mortality. The comparative implications for deficit finance are also examined …
Persistent link: https://www.econbiz.de/10014400071
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International trade and corporate market power
Gonzalez-Garcia, Jesus; Yang, Yuanchen - 2020
This paper examines the effect of international trade on corporate market power in emerging market economies and developing countries, with a special focus on sub-Saharan Africa. The analysis is based on a large firm-level dataset, tariff data by sector and agreggate indicators of international...
Persistent link: https://www.econbiz.de/10012299347
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Optimal fiscal spending and reserve accumulation policies under volatile aid
Moldovan, Ioana R.; Yang, Shu-Chun S.; Zanna, Luis-Felipe - 2019
This paper assesses the optimal setting of fiscal spending and foreign exchange rate intervention policies in response to volatile foreign aid, in a small open economy model that incorporates typical features of low-income countries. Within a class of policy rules, it jointly considers the...
Persistent link: https://www.econbiz.de/10012102039
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The minimum wage puzzle in less developed countries : reconciling theory and evidence
Adam, Christopher S.; Buffie, Edward F. - 2020
We show that a dynamic general equilibrium model with efficiency wages and endogenous capital accumulation in both the formal and (non-agricultural) informal sectors can explain the full range of confounding stylized facts associated with minimum wage laws in less developed countries
Persistent link: https://www.econbiz.de/10012170119
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Can good governance lower financial intermediation costs?
Jarmuzek, Mariusz; Lybek, Tonny - 2018
This paper argues that better governance practices can reduce the costs, risks and uncertainty of financial intermediation. Our sample covers high-, middle- and low-income countries before and after the global financial crisis (GFC). We find that net interest margins of banks are lower if...
Persistent link: https://www.econbiz.de/10011978660
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Collateral Damage : Exchange Controls and International Trade
Zhang, Zhiwei - 2007
While new conventional wisdom warns that developing countries should be aware of the risks of premature capital account liberalization, the costs of not removing exchange controls have received much less attention. This paper investigates the negative effects of exchange controls on trade. To...
Persistent link: https://www.econbiz.de/10014400231
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A Debt Overhang Model for Low-Income Countries : Implications for Debt Relief
Koeda, Junko - 2006
The paper presents a theoretical model to explain how debt overhang is generated in low-income countries and discusses its implications for debt relief. The paper indicates that the extent of debt overhang, and the effectiveness of debt relief, would depend on a recipient country''s initial...
Persistent link: https://www.econbiz.de/10014400289
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A Primeron Sovereign Debt Buybacks and Swaps
Polan, Magdalena - 2007
This paper sets forth some basic principles that could help debt managers in emerging market and other countries to plan and implement sovereign debt buyback and swap operations. It discusses the macroeconomic context in which buybacks and swaps are undertaken, the objectives of buybacks and...
Persistent link: https://www.econbiz.de/10014400350