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Employing propensity score reweighting and event-based strategies, we provide evidence that sustained real exchange rate (RER) misalignments have significant effects on economic development: positive on GDP per capita and capital stock in the case of undervaluation, and negative on the capital...
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The resource curse haunts countries whose economies have become dangerously specialized in the exploitation of a single resource. This curse threatens countries whose economies are poorly diversified and oriented mainly towards the export of their non-renewable natural resources, such as oil....
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and basic sanitation. Our projections, based on economic growth forecasts, take into account recent global shocks such as … the COVID-19 pandemic and the inflation shock. Our findings indicate that economic growth alone will not be sufficient to … this, we argue, is that a stronger focus is needed on inclusive growth (SDG-8), and specifically redistribution with growth …
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