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This paper reviews the evolving literature that links financial development, financial crises, and economic growth in the past 20 years. The initial disconnect-with one literature focusing on the effect of financial deepening on long-run growth and another studying its impact on volatility and...
Persistent link: https://www.econbiz.de/10012245526
Guinea is a country with a rich historical legacy, abundant natural resources, a privileged geographical location - and a rapidly growing population. A successful political transition and the emergence of a vibrant civil society have helped to ensure ethnic peace and the absence of civil wars in...
Persistent link: https://www.econbiz.de/10012645143
The global COVID-19 (Coronavirus) pandemic imposed both a supply and a demand shock on Nepal's economy, which adversely … affected growth. The global crisis induced by the pandemic initially impacted Nepal through the tourism sector, with arrivals … to tourism. On March 21, the Government of Nepal announced a nationwide lockdown, which affected industrial and …
Persistent link: https://www.econbiz.de/10012647390
Nepal's recent history of development is marred by a paradox. Many countries in the world have experienced rapid growth … but modest poverty reduction, as income has increasingly concentrated in the hands of the wealthy. Nepal, however, has the … witnessed an equally significant decline in income inequality. Yet, Nepal remains one of the poorest and slowest …
Persistent link: https://www.econbiz.de/10012247551
Emerging markets and developing economies (EMDEs) weathered the 2009 global recession relatively well. However, the impact of the global recession varied across economies. EMDEs with stronger pre-crisis fundamentals - such as large foreign exchange reserves, sound fiscal positions, and low...
Persistent link: https://www.econbiz.de/10012257019
This study assesses the main spillover effects of the Libyan crisis on the Tunisian economy and estimates the crisis' overall social welfare and fiscal impacts on Tunisia. The authors consider four main effects on Tunisia: (i) the increased presence of Libyans in Tunisia (both short- and...
Persistent link: https://www.econbiz.de/10012248202
Persistent link: https://www.econbiz.de/10009235627
The COVID-19 (Coronavirus) pandemic has triggered a deep global economic recession. The COVID-19 (Coronavirus) shock is the most adverse peacetime shock to the global economy in a century. The Russian Federation possesses a high-quality education system that is recognized internationally....
Persistent link: https://www.econbiz.de/10012647393
episodes of global turmoil, this time the recovery is led by the periphery, specifically by the larger and more dynamic …
Persistent link: https://www.econbiz.de/10012247251
There is a growing body of literature exploring the skill content of jobs. This paper contributes to this research by using data on the task content of occupations in developing countries, instead of U.S. data, as most existing studies do. The paper finds that indexes based on U.S. data do not...
Persistent link: https://www.econbiz.de/10012008040