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Macroeconomic forecasters typically forecast fewer recessions than the number experienced, which means economic growth tends to be over-predicted on average. Consequently, forecast errors are not normally distributed, making it difficult to convey the uncertainty and risks based on the...
Persistent link: https://www.econbiz.de/10011998489
Microcredit can be an effective tool for tackling the global poverty problem. Making microcredit work better for the poor necessitates a framework that integrates the principles of good governance in the design and implementation of a microcredit program. The integration of good governance...
Persistent link: https://www.econbiz.de/10010400001
This paper examines the key elements of the quantitative content analysis developed by the scientist Philip Mayring as a method of data evaluation. First, the circular research process is presented to explain the application of this method for scientific interviews in student theses. The content...
Persistent link: https://www.econbiz.de/10012546988
Greece’s labour market entered the COVID-19 shock following several years of sustained employment growth and with wages picking up. Unemployment remained high and employment rates were low, especially among women, the young and older workers. The shock led to a sharp fall in labour force...
Persistent link: https://www.econbiz.de/10012304424
Having access to credit is essential for households to address the volatility of their personal finances over time and for firms to fund their investments. Accessing financial services at affordable cost on the other hand, is crucial to ensure financial security of all economic units. Despite...
Persistent link: https://www.econbiz.de/10012304425
The Zambia country pilot study was conducted by the OECD Development Assistance Committee (DAC) to explore the challenges of transition finance for a commodity-based Least Developed Country (LDC). In particular, debt sustainability concerns are viewed within the context of the shifting financing...
Persistent link: https://www.econbiz.de/10011992034
This paper examines whether machine learning (ML) algorithms can outperform a linear model in predicting monthly growth in Canada of both house prices and existing home sales. The aim is to apply two widely used ML techniques (support vector regression and multilayer perceptron) in economic...
Persistent link: https://www.econbiz.de/10014380428
This paper integrates a previously missing wealth-effect component in the openness-finance debate. From a panel of 29 … low and middle income African countries with data spanning from 1987 to 2008, we provide evidence that openness (trade and … economic cost of banks in sampled countries, with trade openness more detrimental than financial openness. Banks in middle …
Persistent link: https://www.econbiz.de/10011410558
This paper is to analyze the effect of trade openness on regional inequality of South Korea. Trade has been the driving … force of Korea's economic growth since the 1960's and it still expands its trade openness through active participation on … bilateral and multilateral free trade agreements. In regard to this, this study measures the impact of Korea's trade openness on …
Persistent link: https://www.econbiz.de/10011478202
The service sector is an avenue for economic transformation as not all countries have a competitive edge in manufacturing. The growing literature on service sector primarily focuses on its development in the US and Europe and on Asian emerging service economies like India. Not as much attention...
Persistent link: https://www.econbiz.de/10011520971