This chapter emphasizes the importance of health policy and its implementation and connection to economic growth. The chapter also offers a different view of progress in the provision of better health facilities. The study looks at today's health systems-the amalgam of people, practices, rules,...

This paper studies the relation between firms' access to finance, labor productivity and investment using Lithuanian firm-level data from 2000-2018. To do so, we construct a measure of financial constraints. We estimate that, given firm characteristics, removing these constraints can improve...

This paper estimates the scarring effect of recessions on corporates' investment and how it is amplified by the level of corporate debt. Our results suggest that the effect of firms' debt in shaping the response of investment to recessions is statistically significant and economically sizeable,...

In Armenia, both external and domestic financing face challenges. Armenia's share of inward foreign direct investment (FDI) in private external financing has declined significantly over the past decade. Access to domestic finance in Armenia is also moderate and masks important disparities....