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Post-Covid-19 recovery and resilience : leveraging reforms for growth and inclusion in Sub-Saharan Africa

Hong, Gee Hee; Igan, Deniz; Lee, Do - 2021

growth could be lower for longer, with a setback to development. Post-pandemic reforms thus become even more important …, especially with constrained scope for fiscal and monetary stimuli. Reforms could boost per capita growth by an additional 0 ….3-1.3 percentage points, relative to the 1.9 percent average since 2010. Such growth would reduce per capita income doubling time from …

Persistent link: https://www.econbiz.de/10012518323

Uncertainty and public investment multipliers : the role of economic confidence

Gbohoui, William - 2021

-up expectations about future economic development which in turn magnify private sector response to the initial stimulus …

Persistent link: https://www.econbiz.de/10012796171

The fiscal multiplier of European Structural Investment Funds : aggregate and sectoral effects with an application to Slovenia

Durand, Luigi; Espinoza, Raphael - 2021

In this paper, we estimate the aggregate and sectoral fiscal multipliers of EU Structural Investment (ESI) Funds and of public investment at the EU level. We complement these results with a specific application to the case of Slovenia. We first analyze aggregate data and find large and...

Persistent link: https://www.econbiz.de/10012613691

The fiscal multiplier of public investment : the role of corporate balance sheet

Espinoza, Raphael; Gamboa-Arbelaez, Juliana; Sy, Mouhamadou - 2020

This paper explores whether public investment crowds out or crowds in private investment. To this aim, we build a database of about half a million firms from 49 countries. We find that the effect of public investment on corporate investment depends both on leverage and financial constraints....

Persistent link: https://www.econbiz.de/10012391930

Fear thy neighbor : spillovers from economic policy uncertainty

Biljanovska, Nina; Grigoli, Francesco; Hengge, Martina - 2017

suggest that economic policy uncertainty re- duces growth in real output, private consumption, and private investment, and …

Persistent link: https://www.econbiz.de/10011763593

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

SDG financing options in Rwanda : a post-pandemic assessment

Lledó, Victor D.; Perrelli, Roberto - 2021

sustainable development goals (SDGs). Under current policies, Rwanda would meet its SDGs right after 2050. Active policies that …

Persistent link: https://www.econbiz.de/10012605067

Global climate change mitigation, fossil-fuel driven development, and the role of financial and technology transfers : a simple framework

Wiegand, Johannes - 2021

; (iv) ultimately, a superior option-for both the world's climate and growth prospects-is the development of clean energy … capacity, thus causing global warming and blocking a similar, fossil-fuel driven development path for emerging markets and … developing economies (EMDEs). This paper develops a simple model of a sequential, fossil-fuel driven development process to …

Persistent link: https://www.econbiz.de/10012795135

Local currency bond markets law reform : a methodology for emerging markets and developing economies

Bossu, Wouter; Hillier, Cory; Bergthaler, Wolfgang - 2020

recognized as being critical building blocks for the structure, development and functioning of LCBMs. This Working Paper seeks to … for the development of LCBMs that would adequately address common challenges and impediments …

Persistent link: https://www.econbiz.de/10012392641

Will the AI revolution cause a great divergence?

Alonso, Cristian; Berg, Andrew; Kothari, Siddharth; … - 2020

This paper considers the implications for developing countries of a new wave of technological change that substitutes pervasively for labor. It makes simple and plausible assumptions: the AI revolution can be modeled as an increase in productivity of a distinct type of capital that substitutes...

Persistent link: https://www.econbiz.de/10012302048