Post-pandemic, cities face new challenges in adapting to global changes, while also addressing the needs, practices, and capabilities of diverse populations. Resilience, as a key factor, enables cities to adapt and transform in response to these challenges. Development driven by resilience is...

Development finance institutions mobilize over $250 billion annually through blended finance operations, yet practitioners lack a unified framework to evaluate its catalytic effect and for choosing among instruments. I develop a model of investment multipliers under two canonical market...

Using Stochastic Frontier Analysis, this paper updates, for 123 countries, the estimates of tax capacity-defined as the maximum level of revenue a country can feasibly achieve - and tax effort - measured as the ratio of actual tax revenue to tax capacity. It also introduces two novel models that...

This paper examines the effect of women’s political empowerment on public spending efficiency in developing countries. Using a large panel of 126 developing countries over 1995–2021, the paper constructs public spending efficiency scores based on Stochastic Frontier Analysis, capturing...