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Does Energy Efficiency Promoteeconomic Growth? : Evidence from a Multi-Country and Multi-Sector Panel Data Set
Rajbhandari, Ashish - 2017
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
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Insurance and Inclusive Growth
Lester, Rodney R. - 2017
that the insurance function plays, the mainstream economics profession has largely treated it as invisible background. This … insurance sector contributes at a basic level to inclusive economic growth and the effectiveness of the credit function. It also … utilization of the insurance function. The literature dealing with innovations designed to overcome these constraints is reviewed …
Persistent link: https://www.econbiz.de/10012973065
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The Global Trade Slowdown : Cyclical or Structural?
Constantinescu, Cristina - 2018
This paper focuses on the sluggish growth of world trade relative to income growth in recent years. The analysis uses an empirical strategy based on an error correction model to assess whether the global trade slowdown is structural or cyclical. An estimate of the relationship between trade and...
Persistent link: https://www.econbiz.de/10012937557
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Can Environmental Policy Reduce Infant Mortality? Evidence from the Ganga Pollution Cases
Do, Quy-Toan - 2018
In many developing countries, environmental quality remains low and policies to improve it have been inconsistently effective. This paper conducts a case study of environmental policy in India, focusing on unprecedented Supreme Court rulings that targeted industrial pollution in the Ganga River....
Persistent link: https://www.econbiz.de/10012935575
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The Correlation between Human Capital and Morality and its Effect on Economic Performance : Theory and Evidence
Balan, David J. - 2017
This paper incorporates morality -- defined as lower utility from consuming goods obtained through appropriative rather than productive activities -- into a simple static general equilibrium model in which agents choose whether to be producers or appropriators. The authors analyze the...
Persistent link: https://www.econbiz.de/10012975907
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Long-Term Growth Scenarios for Bangladesh
Sinha, Rishabh - 2017
Bangladesh has achieved robust economic growth over the past 10 years, with real GDP growing by more than 6 percent on average each year. This paper investigates whether the country will be able to maintain such high levels of growth going forward. A simple growth model calibrated to the...
Persistent link: https://www.econbiz.de/10012964733
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Financial Inclusion and Inclusive Growth : What Does it Mean for Sri Lanka?
Arandara, Rathnija - 2020
This paper uses data from the National Financial Inclusion Survey 2018 to understand the determinants of financial inclusion in Sri Lanka and their significance for inclusive growth. The findings highlight that gender, education, and formal employment are important determinants of financial...
Persistent link: https://www.econbiz.de/10012837586
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Policy Challenges for Emerging and Developing Economies : Lessons from the Past Decade
Ruch, Franz Ulrich - 2020
The 2009 global recession demonstrated, once again, the importance of crisis prevention as well as the critical need for preserving policy room so that emerging market and developing economies (EMDEs) can act when their economies are hit by shocks. And now, with the global growth outlook still...
Persistent link: https://www.econbiz.de/10012839626
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Subdued Potential Growth : Sources and Remedies
Kilic Celik, Sinem - 2020
Global potential output growth has been flagging. At 2.5 percent in 2013-17, post-crisis potential growth is 0.5 percentage point below its longer-term average and 0.9 percentage point below its average a decade ago. Compared with a decade ago, potential growth has declined 0.8 percentage point...
Persistent link: https://www.econbiz.de/10012839790
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Emerging and Developing Economies : Ten Years after the Global Recession
Kose, M. Ayhan - 2020
Although emerging market and developing economies (EMDEs) weathered the global recession a decade ago relatively well, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the room for monetary and fiscal policies to respond to...
Persistent link: https://www.econbiz.de/10012841602