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This paper examines the causal relationship between energy efficiency and economic growth based on panel data for 56 high- and middle-income countries from 1978 to 2012. Using a panel vector autoregression approach, the study finds evidence of a long-run Granger causality from economic growth to...
Persistent link: https://www.econbiz.de/10012954323
Although Kenya's financial system is by far the largest and most developed in East Africa and its stability has improved significantly over the past years, many challenges remain. This paper assesses the stability, efficiency, and outreach of Kenya's banking system, using aggregate, bank-level,...
Persistent link: https://www.econbiz.de/10012976347
of foreign organizations such as the World Bank and the International Monetary Fund and the behavior of peer countries …
Persistent link: https://www.econbiz.de/10014027565
main effect. They test the theory using the World Val-ues Survey as a source of proxies for morality. Using their preferred …
Persistent link: https://www.econbiz.de/10012975907
The behavior of commodities is critical for developing and developed countries alike. This paper contributes to the empirical evidence on the co-movement and determinants of commodity prices. Using nonstationary panel methods, the authors document a statistically significant degree of...
Persistent link: https://www.econbiz.de/10012976144
The authors examine empirically how domestic structural characteristics related to openness and product- and factor-market flexibility influence the impact that terms-of-trade shocks can have on aggregate output. For this purpose, they apply an econometric methodology based on semi-structural...
Persistent link: https://www.econbiz.de/10012747888
, empirically-based assessment of ways that Turkey exercised trade policy flexibilities during the global economic crisis of 2008 …-11. First, and despite multilateral and customs union commitments that might limit changes to applied tariffs, Turkey made … manufacturing imports and 10 percent of import product lines. Second, Turkey's cumulative application of temporary trade barrier …
Persistent link: https://www.econbiz.de/10012974687
and 10 areas that matter for development. Building on decade-long data collection by the World Bank Enterprise Surveys …
Persistent link: https://www.econbiz.de/10012906342
Changing population age structures are shaping the trajectories of development in many countries, bringing opportunities and challenges. While aging has been a matter of concern for upper-middle and high-income economies, rapid population growth is set to continue in the poorest countries over...
Persistent link: https://www.econbiz.de/10012968199
The impacts of climate change on poverty depend on the magnitude of climate change, but also on demographic and socioeconomic trends. An analysis of hundreds of baseline scenarios for future economic development in the absence of climate change in 92 countries shows that the drivers of poverty...
Persistent link: https://www.econbiz.de/10012970671