The global economy is facing another substantial headwind, emanating largely from an increase in trade tensions and heightened global policy uncertainty. For emerging market and developing economies (EMDEs)...
Panama has been one of the fastest-growing countries in the region, with rapid economic expansion accompanied by significant poverty reduction. Driven by public and private investment as well as labor...
This paper investigates the relationship between the expectations of economic mobility and support for tax-financed education reforms using data from the Life in Transition Survey, which covers 39 countries...
This report aims to narrow the knowledge gap on informal employment in Malaysia, with the ultimate objective of suggesting policy recommendations to strengthen the protection and productivity of informally...
Cabo Verde’s overall risk of debt distress remains high, consistent with the last joint World Bank (WB) and International Monetary Fund (IMF) Debt Sustainability Analysis (DSA) of June 2023, and the external...
The Gulf Cooperation Council (GCC) economies have been a bright spot in an otherwise gloomy economic landscape. Average growth in the GCC surpassed 7 percent in 2022 led by Saudi Arabia, its biggest economy...
El modelo de crecimiento de la República Dominicana ha llevado a una expansión económica excepcional, superando con creces el promedio de ALC en las últimas dos décadas, pero está llegando a sus límites...
This paper employs an estimated dynamic stochastic open-economy macro framework to identify policy interventions that allow Türkiye to achieve net-zero emissions by 2053 while respecting important feasibility...
The development objectives of the Development Policy Grant 13 for West Bank and Gaza are: (i) to improve the structural fiscal balance and strengthen the effectiveness of public procurement, and (ii) to...
O caminho do Brasil para a recuperação econômica será desafiador, dado o legado de vulnerabilidades estruturais e fiscais do país. O desenvolvimento da infraestrutura será fundamental para os esforços...
Brazil’s path to economic recovery will be challenging given the country’s legacy of structural and fiscal vulnerabilities. Infrastructure development will be key to the country’s recovery efforts and...
Despite policy efforts in recent decades, deforestation remains a pervasive phenomenon in Brazil. Yet deforestation is not only affected by forest governance. It is also driven by global demand for commodities...
This paper develops a dynamic spatial equlibrium model of Amazon deforestation, accounting for trade and labor markets dynamics. It uses this model to study the impact of local sectoral shocks and policies...
The paper assembles and harmonizes sectoral data from several sources to study the industrial trends in six Central American economies. The industrial employment share contracted by 2.5 percentage points...
This paper measures trends in factor misallocation in India between 1999 and 2014, using data from a rich panel of Indian firms. The misallocation of a factor is modeled as an adjustment cost, that is...
Stringent employment protection laws are argued to be a cause of reduced employment flexibility, slower growth and increased reliance on temporary employment contracts in many countries, including India...
The Central African Republic (CAR) is at a critical crossroads. Despite its significant natural resource wealth, CAR remains one of the poorest and most fragile countries in the world. Cycles of political...