Related papers: IMF Programs and Economic Growth in the DRC
Does euro adoption affect long-run economic growth? Existing evidence is mixed, reflecting limited treated countries, long horizons that challenge inference, and heterogeneity across member states. We estimate causal dynamic and…
To bridge the digital divide between the urban and rural regions, the government of Cameroon has launched the Multipurpose Community Telecentres (MCT). But this project does not seems to sustain the local development. The aim of this study…
The Democratic Republic of Congo is a sleeping giant at the heart of Africa. Though endowed with incredible natural resources spanning from significant reserves of gold, diamond, coltan, copper to vast African forests and impressive water…
Bangladesh has experienced two distinct exchange rate regimes: a fixed exchange rate system from January 1972 to May 2003 and a floating one since June 2003. After adopting the floating exchange rate regime, Bangladesh positively impacted…
Central Bank Digital Currency (CBDC) may assist New Zealand accomplish SDG 8. I aim to evaluate if SDGs could be achieved together because of mutual interactions between SDG 8 and other SDGs. The SDGs are categorized by their shared…
This study investigates whether a uni-directional or bi-directional causal relationship exists between financial development and international trade for Indian economy, during the time period from 1980 to 2019. The empirical analysis…
The Information and Communication sector has undoubtedly played a pivotal role in changing the way people live nowadays. Almost every area of our lives is affected by the presence and the use of the new information and communication…
This paper investigates the interactions among consumption/savings, investment, and retirement choices with income disaster. We consider low-income people who are exposed to income disaster so that they retire involuntarily when income…
Algorithmic recourse recommendations, such as Karimi et al.'s (2021) causal recourse (CR), inform stakeholders of how to act to revert unfavourable decisions. However, some actions lead to acceptance (i.e., revert the model's decision) but…
We find that, in the 21st century, democracy has persistent negative impacts on growth in GDP and night-time light intensity. This finding emerges from five different instrumental variable strategies that account for potential invalidity in…
Credit risk is a crucial topic in the field of financial stability, especially at this time given the profound impact of the ongoing pandemic on the world economy. This study provides insight into the impact of credit risk on the financial…
Universal Basic Income (UBI) has recently been gaining traction. Arguments exist on both sides in favor of and against it. Like any other financial tool, UBI can be useful if used with discretion. This paper seeks to clarify how UBI affects…
The stellar initial mass function (IMF) is a fundamental astrophysical quantity that impacts a wide range of astrophysical problems from heavy element distribution to galactic evolution to planetary system formation. However, the origin and…
Although empirical literature regarding the Phillips curve is sizeable enough, there is still no wide consensus on its validity and stability. The literature shows that the Phillips relationship is fragile and varies across countries and…
The Economist recently reported that infrastructure spending is the largest it is ever been as a share of world GDP. With $22 trillion in projected investments over the next ten years in emerging economies alone, the magazine calls it the…
The main purpose of this paper is to analyze threshold effects of official development assistance (ODA) on economic growth in WAEMU zone countries. To achieve this, the study is based on OECD and WDI data covering the period 1980-2015 and…
Every year, substantial resources are allocated to foreign aid with the aim of catalyzing prosperity and development in recipient countries. The diverse body of research on the relationship between aid and gross domestic product (GDP) has…
We argue that a negative interest rate policy (NIRP) can be an effect tool for macroeconomic stabilization. We first discuss how implementing negative rates on reserves held at a central bank does not pose any theoretical difficulty, with a…
In the paper we analyze the Information and Communication Technologies (ICT) and their impact on developing countries (DCs), making a criticism of different views on the supposed role of ICT for the future of human society. This criticism…
This study explores the dynamic relationship between corruption and economic growth through an approach based on a system of stochastic equations. In the context of globalization and economic interdependencies, corruption not only affects…