Showing 1 - 10 of 525
A big challenge for the economic development of small island countries is dealing with external shocks. The Pacific Islands are vulnerable to natural disasters, climate change, commodity price changes, and uncertain donor grants. The question that arises is how should small developing countries...
Persistent link: https://www.econbiz.de/10012860997
The paper considers concepts of economic diversification with respect to exports (including service sectors) for small states. We assessed the economic performance of different groups of 34 small states over the period of 1990-2015 and found those more diversified experienced lower output...
Persistent link: https://www.econbiz.de/10012918552
error model with data from 23 small states across the world; and a Dynamic Stochastic General Equilibrium (DSGE) model …
Persistent link: https://www.econbiz.de/10012871788
This study aims to test within a relatively homogeneous group of small states whatdifferentiates the growth performance of Pacific island countries (PICs) from their peers. Wefind that PICs are disadvantaged by distance and hampered by lower investment and exportscompared with other small island...
Persistent link: https://www.econbiz.de/10013080860
The private non-financial sector in Europe is facing increased challenges in meeting its debt servicing obligation. In response, governments are revisiting legal tools and — in some cases — institutional arrangements to deal with over-indebtedness. For households, where the problem in some...
Persistent link: https://www.econbiz.de/10013085615
This paper takes stock of the global economic recovery a decade after the 2008 financial crisis. Output losses after the crisis appear to be persistent, irrespective of whether a country suffered a banking crisis in 2007-08. Sluggish investment was a key channel through which these losses...
Persistent link: https://www.econbiz.de/10012869286
Following the Great Lockdown in 2020, it is important to take stock of lessons learned. How effective have different containment measures been in slowing the spread of Covid-19? Have containment measures been costly in terms of economic growth, fiscal balances, and accumulated debt? This paper...
Persistent link: https://www.econbiz.de/10013305677
Rising income inequality has emerged as a major policy issue facing policymakers, but there is a dearth of empirical work on inequality in small states, including the Caribbean. Despite data limitations, the empirical analysis using a sample of small states finds that increased openness and...
Persistent link: https://www.econbiz.de/10013243052
This paper examines the empirical link between fiscal policy and the current account focusing on microstates defined as countries with a population of less than 2 million between 1970 and 2009. The paper employs panel regression and panel vector autoregression (VAR) on 155 countries of which 42...
Persistent link: https://www.econbiz.de/10013110089
Reflecting diseconomies of scale in providing public goods and services, recurrent spending in small states typically represents a large share of GDP. For some small states, this limits the fiscal space available for growth-promoting capital spending. Small states generally face greater revenue...
Persistent link: https://www.econbiz.de/10013019022