The latest financial turmoil of 2007 revealed the vulnerability of the banking system to absorb financial shocks and to manage credit disturbances. The crisis exposed some characteristics of the market: the banking system ...
The acronym BRIC stands for Brazil, Russia, India and China. The term was coined by the Chief Economist of Goldman Sachs, in 2001, in a paper titled ‘Building Better Global Economic BRICs’, which looked at the growth ...
This paper explores the impact of high public debt on long-run economic growth. The analysis, based on a panel of 38 advanced economies over almost four decades, takes into account a broad range of determinants of growth ...
People in developing countries are more vulnerable to drought. Such events are observed to be of higher impact in poor countries than in rich ones due to the lack of adequate preparedness on the state or the popular level. ...
We analyze how the motive behind entrepreneurship impacts economic growth. Our analysis controls for the level of development of an economy. We find that while both the opportunity and the necessity measures of entrepreneurship ...
There has long been criticism in political discourse on the methodology through which foreign aid is disbursed, pushing research away from debating the efficacy of aid and towards quantifying its determinants. This paper ...
Since the 1950s economists have been attempting to answer the following question: will there be a time at which poor countries are going to match rich countries in terms of per-capita income levels? Until today, there has ...
The ongoing conflict in Syria has imposed several political, social, and economic challenges to the Middle East region. As a result of the Syrian crisis, the large-scale and rapid influx of refugees to neighboring countries, ...
The wrath of Mother Nature is by no means new, but the understanding of its economic implications is still in its early stages. Natural disasters have grown in numbers over the past 30 years all over the world. Contrasting ...