
Journal Article
Estimating the level and distribution of global wealth, 2000–2014Part of Journal Special Issue Inequality
Part of Journal Special Issue Inequality
Given the rise in the government debt level in recent times, this paper aims to examine the effect of an increase in government size on risk premium and its transmission in the economy. We jointly identify the term spread shock (originating at the...
Improving tax systems is important for multiple reasons. For Kenya, finding ways to mobilize domestic revenue streams is critical to cutting the...
Research on how income inequality affects borrowing behaviour reignited after the 2008 global recession. One prevailing theory is that rising income...
How does income inequality impact the propensity for and levels of formal and informal household debt? This paper assesses this question using the two most recent waves of the South African Living Conditions Survey. A range of linear models as well...
Like most other countries, the government of Zambia introduced restrictions to control COVID-19, which considerably curtailed normal economic activity...
The COVID-19 pandemic represents an unprecedented global crisis. The task for economic policy is to help keep people alive, enterprises afloat, and households out of poverty. The pandemic has macroeconomic dimensions. First, it affects macroeconomic...
Part of Book Micro, Small, and Medium Enterprises in Vietnam
Rising public debt in Africa, exacerbated by multiple shocks and limited fiscal space, poses a significant challenge to the region’s development. Half...
Africa’s rising public debt continues to attract increased attention regionally and internationally. The narrative about Africa seems to have...
The aim of this paper is to find which of two theories of capital structure—trade-off theory or pecking order theory—best explains the capital structure decision of non-state firms during the post-transition process in Vietnam. We also investigate...
The impact of credit rating agencies (CRAs) on development—particularly their influence on interest rates for sovereign bonds and therefore the debt-financing costs for Global South countries—is increasingly being identified as a critical issue on...
A country’s public debt burden is one of its most important macroeconomic indicators, but there is growing recognition that debt statistics are plagued by major limitations and shortcomings. For many countries worldwide, it is remarkably difficult to...