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Explaining Unemployment in Spain : Structural Change, Cyclical Fluctuations, and Labor Market Rigidities
Franks, Jeffrey R. - 1994
Spain has the most serious and persistent unemployment problem in Europe, with an unemployment rate that reached 24.6 percent in early 1994. This paper explores the characteristics of this unemployment problem, its causes, and provides a brief discussion of recent labor market reform measures...
Persistent link: https://www.econbiz.de/10014398071
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An overview of macroprudential policy tools
Claessens, Stijn - 2014
, (countercyclical) capital and reserve requirements and surcharges, and Pigouvian levies - have become part of the policy paradigm in … circumstances; and preferred institutional designs, including how to address political economy risks. As such, policy makers should …
Persistent link: https://www.econbiz.de/10014411770
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Alternative Forms of Mineral Taxation, Market Failure and the Environment
Muzondo, Timothy R. - 1992
This paper examines the environmental effects of mineral taxes in a framework that recognizes the importance of rates and cumulative externalities and proposes an appropriate corrective tax. It concludes that mineral resources taxation should combine neutral taxes with a dynamic Pigovian type...
Persistent link: https://www.econbiz.de/10014396479
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Measurement of aggregate trade restrictions and their economic effects
Estefania-Flores, Julia; Furceri, Davide; Ahmed Hannan, … - 2022
Arrangements and Exchange Restrictions. MATR is an empirical measure of how restrictive official government policy is towards the … international flow of goods and services. MATR is simple, ad hoc, plausible, quantitative, easily updated, based solely on policy …-relevant measures of trade policy, and covers an unbalanced sample of up to 157 countries annually between 1949 and 2019. MATR is …
Persistent link: https://www.econbiz.de/10013170594
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Income inequality in small states and the Caribbean : stylized facts and determinants
McIntyre, Meredith A.; Bejar, Pablo; Komatsuzaki, Takuji; … - 2021
Rising income inequality has emerged as a major policy issue facing policymakers, but there is a dearth of empirical … inequality. An important policy implication is that well targeted social sector spending aimed at improving education and health …
Persistent link: https://www.econbiz.de/10012518290
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Proximity and horizontal policies : the backbone of export diversification and complexity
Salinas, Gonzalo - 2021
The lack of a clear link between general economic fundamentals and export diversification indicators in the literature has fueled the believe that industrial policies are an absolute requisite to diversify exports. This paper, however, does find a strong statistical connection between horizontal...
Persistent link: https://www.econbiz.de/10012518855
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Technological progress, artificial intelligence, and inclusive growth
Korinek, Anton; Schindler, Martin; Stiglitz, Joseph E. - 2021
Advances in artificial intelligence and automation have the potential to be labor-saving and to increase inequality and poverty around the globe. They also give rise to winner-takes-all dynamics that advantage highly skilled individuals and countries that are at the forefront of technological...
Persistent link: https://www.econbiz.de/10012612326
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A diversification strategy for South Asia
Lian, Weicheng; Liu, Fei; Svirydzenka, Katsiaryna; Zhu, … - 2021
While South Asia has gone a long way in diversifying their economies, there is substantial scope to do more. Some countries - India, Nepal, and Sri Lanka - can build on their existing production capabilities; others - Bangladesh, Bhutan, and the Maldives - would need to undertake a more...
Persistent link: https://www.econbiz.de/10012605524
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The heavy economic toll of gender-based violence : evidence from Sub-Saharan Africa
Ouedraogo, Rasmane; Stenzel, David - 2021
The COVID-19 pandemic and lockdowns have led to a rise in gender-based violence. In this paper, we explore the economic consequences of violence against women in sub-Saharan Africa using large demographic and health survey data collected pre-pandemic. Relying on a two-stage least square method...
Persistent link: https://www.econbiz.de/10012795142
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Gender inequality and economic growth : evidence from industry-level data
Bertay, Ata Can; Dordevic, Ljubica; Sever, Can - 2020
We study whether higher gender equality facilitates economic growth by enabling better allocation of a valuable resource: female labor. By allocating female labor to its more productive use, we hypothesize that reducing gender inequality should disproportionately benefit industries with...
Persistent link: https://www.econbiz.de/10012252673