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McHugh, James - 2002

Post conflict aid is different from conventional development aid and has different effects on the recipient economy. The paper builds a theoretical model tailored around the main stylized facts of post conflict aid and traces the impact of different kinds of post-conflict aid on capital...

Persistent link: https://www.econbiz.de/10014399545

Building statistical capacity in fragile and conflict-affected states

Medina Cas, Stephanie; Alem, Yasmin; Shirakawa, Jacinta … - 2022

Based on internal data, this paper finds that the capacity development program of the IMF's Statistics Department has prioritized technical assistance and training to fragile and conflict-affected states. These interventions have yielded only slightly weaker results in fragile states than in...

Persistent link: https://www.econbiz.de/10013170071

The impact of conflict and political instability on banking crises in developing countries

Compaoré, Ali; Mlachila, Montfort; Ouedraogo, Rasmane; … - 2020

While there is an extensive literature examining the economic impact of conflict and political instability, surprisingly there have been few studies on their impact on the probability of banking crises. This paper therefore investigates whether rising conflict and political instability globally...

Persistent link: https://www.econbiz.de/10012251282

Fiscal Consequences of Armed Conflict and Terrorism in Low- and Middle-Income Countries

Clements, Benedict J. - 2002

This paper analyses the fiscal effects of armed conflict and terrorism on low- and middle-income countries. An analysis of 22 conflict episodes shows that armed conflict is associated with lower growth and higher inflation, and has adverse effects on tax revenues and investment. It also leads to...

Persistent link: https://www.econbiz.de/10014400047

Institutional Quality and International Trade

Levchenko, Andrei A. - 2004

The quality of institutions-meaning the quality of contract enforcement, property rights, shareholder protection, and the like-has received a great deal of attention in recent years. The purposes of this paper are twofold. First, it studies the consequences of trade when institutional...

Persistent link: https://www.econbiz.de/10014403908

The macroeconomic costs of conflict

Novta, Natalija; Pugacheva, Evgenia - 2020

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...

Persistent link: https://www.econbiz.de/10012252077

Dynamic Incentives and the Optimal Delegation of Political Power

Le Borgne, Eric - 2007

This paper proposes a theory to explain why a politician delegates policy tasks to a technocrat in an independent … opinion. One natural application of the theory is in the field of monetary policy where the model provides a new theory of …

Persistent link: https://www.econbiz.de/10014400341

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 … trade integration are associated with significant declines in market power, with the effect being more pronounced for firms … liberalization on market power materializes over time, and there are significant complementarities between trade reforms and real …

Persistent link: https://www.econbiz.de/10012299347

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

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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