Showing 1 - 10 of 951
While financial inclusion is typically addressed by improving the financial infrastructure, we show that a higher degree of financial literacy also has a clear beneficial effect. We study this effect at the cross-country level, which allows us to consider institutional variation. Regarding...
Persistent link: https://www.econbiz.de/10011902705
While financial inclusion is typically addressed by improving the financial infrastructure we show that financial literacy, representing the demand-side of financial markets, also has a beneficial effect. We study this effect at the cross-country level, which allows to consider institutional...
Persistent link: https://www.econbiz.de/10011716181
increases and law and order improves, financial development becomes more effective in reducing inequality. …
Persistent link: https://www.econbiz.de/10011305273
Persistent link: https://www.econbiz.de/10012498908
Persistent link: https://www.econbiz.de/10011833393
This chapter reviews and synthesizes theoretical and empirical research on the role of finance in developing countries. First, the paper presents the stylized facts about firms in developing nations as well as the legal, financial, and broader institutional framework in which these firms...
Persistent link: https://www.econbiz.de/10014025554
The increasing realisation that governance quality is a fundamental element of long-run development has led to its consideration as a desirable development goal in its own right. To contribute to such a process, this article provides a framework to set, measure and monitor governance goals in...
Persistent link: https://www.econbiz.de/10013028988
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
We introduce a new suite of macroeconomic models that extend and complement the Debt, Investment, and Growth (DIG …'s properties by analyzing the growth, debt, and distributional consequences of big-push public investment programs with different … policymakers' social discount rate and on the weight of distributional objectives in the social welfare function …
Persistent link: https://www.econbiz.de/10012252029
first to quantify the relationship between child marriage and economic growth. Applying a simultaneous equations model, the … analysis shows that eliminating child marriage would significantly improve economic growth-if child marriage were ended today …, long-term annual per capita real GDP growth in emerging and developing countries would increase by 1.05 percentage points …
Persistent link: https://www.econbiz.de/10012170160