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Macroeconomic costs of conflict are generally very large, with GDP per capita about 28 percent lower ten years after … conflict onset. This is overwhelmingly driven by private consumption, which falls by 25 percent ten years after conflict onset …. Conflict is also associated with dramatic declines in official trade, with exports (imports) estimated to be 58 (34) percent …
Persistent link: https://www.econbiz.de/10012252077
I use a monthly panel of provincially-collected central government revenues and conflict fatalities to estimate … government revenues lost due to conflict in Afghanistan since 2005. I identify causal effects by instrumenting for conflict using … measurement error in equal share. The findings underscore the considerable economic loss due to conflict, and the importance of …
Persistent link: https://www.econbiz.de/10011932218
conflict affect the welfare of these contestants and the allocation of resources to conflict. It is shown that weak sanctions …
Persistent link: https://www.econbiz.de/10014399984
The rise of global supply chains has had profound effects on individual economies and the global trading system, thereby complicating standard macroeconomic analyses. For many of the new and challenging questions brought about by this phenomenon, such as its impact on the global business cycle...
Persistent link: https://www.econbiz.de/10012103687
This paper investigates the main determinants of income inequality in transition countries during the period 1990-2018. To this end, we address a major methodological challenge that lies at the core of the cross-country literature on income inequality: the potential endogeneity of income growth,...
Persistent link: https://www.econbiz.de/10012177606
This paper examines the drivers, and reestimates the size of shadow economies in Europe, with a focus on the emerging economies, and recommends policies to increase formality. The size of shadow economies declined across Europe in recent years but remains significant, especially in Eastern...
Persistent link: https://www.econbiz.de/10012155041
We use bank-level data on 16 CESEE economies over 2005-2014 to assess the role of foreign banks in the region's credit dynamics. We confirm that macroeconomic fundamentals of both host and home countries matter, as do the bank and parent bank characteristics. Moreover, we take a new approach by...
Persistent link: https://www.econbiz.de/10011799608
Persistent link: https://www.econbiz.de/10010389499
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