Progress in child mortality reduction and education attainment varies widely among oil-rich countries. This paper investigates the causes of this variation using an empirical model that departs from the available literature in allowing for explicit measurement of the impact of initial levels of...

With the benefit of hindsight, this paper provides a fresh and comprehensive look at the causes of the 2014-16 collapse in oil prices and its impact on the global economy. It disentangles the contribution of supply and demand factors, assesses the impact on activity in oil exporters and oil...

Faced with the Venezuelan exodus of unprecedented magnitude in recent Latin American and Caribbean history, the main objective of this study is to determine the social, economic and sectoral implications that this phenomenon is having on Peru, in order to inform the public policy agenda with a...

As of 2019, more than 1.2 million Venezuelans passed through Ecuador and more than 400,000 settled (almost 3 percent of Ecuador's population). This paper analyzes the location choices of Venezuelan migrants in Ecuador and the labor market consequences of these choices, using data from Ecuador's...

Ecuador became the third largest receiver of the 4.3 million Venezuelans who left their country in the last five years, hosting around 10 percent of them. Little is known about the characteristics of these migrants and their labor market outcomes. This paper fills this gap by analyzing a new...

The worsening of Ecuador's socioeconomic conditions and the rapid inflow of Venezuelan migrants demand a rapid government response. Representative information on the migration and host communities is vital for evidence-based policy design. This study presents an innovative methodology based on...

This economy profile presents the Doing Business indicators for Venezuela. To allow useful comparison, it also provides data for other selected economies (comparator economies) for each indicator. Doing Business 2017 is the 14th in a series of annual reports investigating the regulations that...

Growth in the Middle East and North Africa (MENA) region is projected to rebound to an average of 2% in 2018, up from an average 1.4% in 2017. The modest rebound in growth is driven mostly by the recent rise in oil prices, which has benefitted the region’s oil exporters while putting pressure...