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Epidemics may have social scarring effects, increasing the likelihood of social unrest. They may also have mitigating effect, suppressing unrest by dissuading social activities. Using a new monthly panel on social unrest in 130 countries, we find a positive cross-sectional relationship between...
Persistent link: https://www.econbiz.de/10012517929
We evaluate the direct employment effect of the public investment in key infrastructure-electricity, roads, schools and hospitals, and water and sanitation. Using rich firm-level panel data from 41 countries over 19 years, we estimate that USD 1 million of public spending in infrastructure...
Persistent link: https://www.econbiz.de/10012613477
It is obvious that holding city population constant, differences in cities across the world are enormous. Urban giants ….e., heights), and population per unit interior space (i.e., crowding). The first two are far larger in the cities of developed … countries while the latter is larger for the cities of developing countries. In order to study sources of diversity among cities …
Persistent link: https://www.econbiz.de/10012103748
debt increases in the run up to a crisis. But in the face of persistent primary deficits, debt service tends to rise … abruptly-particularly in emerging markets-and a fiscal crisis ensues. There is also evidence that a large part of the debt …
Persistent link: https://www.econbiz.de/10012796777
With public debt soaring across the world, a growing concern is whether current debt levels are a harbinger of fiscal crises, thereby restricting the policy space in a downturn. The empirical evidence to date is however inconclusive, and the true cost of debt may be overstated if interest rates...
Persistent link: https://www.econbiz.de/10012170046
specific language like 'fear', 'risk', 'hedging', 'opinion', and, 'crisis', as well as 'positive' and 'negative' sentiments, in …
Persistent link: https://www.econbiz.de/10012155004
We analyze the medium-term macroeconomic impact of the Covid-19 pandemic and associated lock-down measures on low-income countries. We focus on the impact over the medium-run of the degradation of health and human capital caused by the pandemic and its aftermath, exploring the trade-offs between...
Persistent link: https://www.econbiz.de/10013170278
Persistent link: https://www.econbiz.de/10013170607
The Coronavirus disease (COVID-19) triggered a sharp contraction of economic activity across Asia and the Pacific. Policymakers adopted a 'whatever it takes' approach in their initial response, relying mainly on liquidity support to help firms survive the shock. This paper discusses how the...
Persistent link: https://www.econbiz.de/10012487321
Mexico has had one of the highest death tolls from Covid-19 and among the largest declines in output compared to peers. This paper utilizes data on Mexico's thirty-two states to better understand the relationship between health and economic outcomes. For instance, did the states with worse...
Persistent link: https://www.econbiz.de/10012392054