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This paper analyzes whether participation in formal and informal community activities helped household in Indonesia … variable bias problems, coefficient for community participation is not statistically significant in explaining changes in … households. However, using probit estimation with the same instrument, we find that participation in community activities …
Persistent link: https://www.econbiz.de/10009365227
Developing and transition economies are prone to financial crises, including balance of payments and banking crises. These crises affect poverty and the distribution of income through a variety of channels: slowdowns in economic activity, relative price changes, and fiscal retrenchment, among...
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This paper draws on the experiences of the Far East Economic Crisis in 1998 and argues that: (1) the poor depended heavily on bonding social capital during the Crisis, but the crunch-point beyond which they felt no longer able to rely on this is less certain; (2) bridging social capital could...
Persistent link: https://www.econbiz.de/10009323686
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This paper analyzes the effectiveness of social protection systems in Europe and the US to provide (income) insurance against macro level shocks in terms of automatic stabilizers. We find that automatic stabilizers absorb 38% of a proportional income shock and 47% of an idiosyncratic...
Persistent link: https://www.econbiz.de/10008841933
Like most of the global economy, Austria suffered from recession in 2008-2009. In this paper we deconstruct the pattern of recession, and the transmission of the global recession to Austria's economy. We provide a new a new breakdown of the value added in Austrian exports, tracing both upstream...
Persistent link: https://www.econbiz.de/10011392355