Moving beyond Gross Domestic Product (GDP) as the sole measure of economic performance is increasingly critical for addressing the complex challenges of sustainable development. The Inclusive Wealth Index (IWI) offers a more comprehensive framework for assessing long-term sustainability by...

This study aims to explore how a firm's exposure to economic policy uncertainty (EPU) affects the use of fair value (FV) measurement for non-financial assets.The analysis focuses on the selection of FV models for different types of non-financial assets. It examines how internal factors and...

As the global community nears critical milestones in achieving the Sustainable Development Goals (SDGs), the interplay of dynamic forces continues to reshape progress trajectories. This study explores the advancement of SDG 8 targets ("Decent Work and Economic Growth") through the lens of three...

This study contests the emerging consensus that the educational realignment in voting behavior is centered on non-economic policies. Leveraging comprehensive post-election surveys and party manifesto data, I examine voter responses to previously underexplored dimensions of economic policy - most...

This paper examines the spillover effects of policy uncertainty in Lebanon on stock market volatility in seven MENA countries using a network connectedness approach. For this purpose, it constructs an economic policy uncertainty index for Lebanon using data extracted from Twitter (now X) for the...

The importance of policy coordination between fiscal and monetary policy authorities has become more apparent, in the face of unexpected economic shocks and persistent macroeconomic challenges. In this paper, we employ the Set-Theoretic Approach (STA) to explicitly measure the presence of...

This study examines the dynamics of equity market volatility and economic policy uncertainty (EPU) in South Africa during the COVID-19 pandemic. Using daily return data for sectoral indices and the JSE All Share Index (ALSI) from 1 January 2020 to 31 March 2022, the analysis explores both...

Controlling for macroeconomic indicators and trade openness, this study examined the impact of economic policy uncertainty on exchange market pressure for a panel of 25 countries from 2003Q2 to 2021Q3. The pooled mean group estimator, which allows for variation in short-run estimates and error...

Populist policies are known to generate a walking stick pattern of high output growth and low inflation followed by low growth and high inflation. Traditionally, researchers viewed this as resulting primarily from populist monetary and fiscal policies that ignore intertemporal budget...

This paper explores a development strategy for peripheral economies by advocating for a paradigm shift from traditional economic models that rely on accumulating foreign reserves. It proposes the job guarantee policy, an automatic stabilizer based on a reserve pool of employed individuals, as a...

Populist policies are known to generate a walking stick pattern of high output growth and low inflation followed by low growth and high inflation. Traditionally, researchers viewed this as resulting primarily from populist monetary and fiscal policies that ignore intertemporal budget...

This study employs an economic growth model to assess the impact of the Belt and Road Initiative (BRI) on the economy of the Kyrgyz Republic. Using a time-series Ordinary Least Squares (OLS) approach within an econometric framework, the authors estimated the effects of gross capital formation,...

Thailand's economic recovery has been uneven. Stronger-than-expected exports and investment are masking weakness in tourism and private consumption. Export momentum benefited from front-loaded orders amid rising trade uncertainty, while approved investment projects in high-value sectors surged....

Thailand's economic momentum softened in Q2 2025 with growth lagging behind regional peers due to weak private consumption and tourism. High-frequency data confirmed this softening trend, with a slowdown in manufacturing and a continued drop in tourist numbers. However, investment and goods...

The economy slowed and tourism remained weak in the third quarter, despite a strong growth in exports. To bolster growth, the government rolled out a Quick Big Wins strategy with short-term stimulus measures, a debt restructuring program, and tax incentives to revive domestic tourism. Fiscal...

Fiscal conditions remained stable, with a modest widening of the deficit to 3.1 percent of GDP. New stimulus measures are expected to support short-term demand without breaching the public debt ceiling. Inflation stayed negative, reflecting lower energy and food prices amid subdued domestic...

Liberia's macroeconomic performance strengthened in 2024, with notable improvements in fiscal consolidation, inflation management, and external rebalancing, although the growth momentum moderated. Inflation eased in 2024 due to strong policy action, nevertheless rising non-food inflation during...

Kenya's monetary and external policy environment is solid; however, its fiscal outlook places the country at a crossroads. Fiscal slippage persisted in FY2024-25 with the deficit widening to 5.9 percent of gross domestic product (GDP), compared to the revised budget target of 4.3 percent. The...

Pakistan's once-promising poverty reduction trajectory has come to a troubling halt, reversing years of hard-fought gains. After dramatically reducing poverty from 64.3 percent in 2001 to 21.9 percent in 2018-declining by 3 percentage points annually until 2015 before slowing to less than 1...

This Country Program Evaluation (CPE) will assess the performance of the World Bank Group's assistance to the Democratic Republic of Congo (DRC) between FY 2013 and FY24. The evaluation seeks to identify lessons to inform future Bank Group engagements in the DRC, including the next CPF, which is...

Malawi stands at a critical inflection point in its pursuit of macroeconomic stability and fiscal sustainability. Public finances are under severe strain, marked by persistent fiscal and current account deficits, a highly vulnerable debt profile, and declining external support, making the cost...

• In this paper, we (i) discuss the drivers of Chinese success in manufacturing; (ii) analyse the resulting challenges for the German and French economies: and (iii) present economic guidelines for economic policies to deal with China. • Over the past two decades, China has emerged as the...