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Energy subsidies have become a significant burden on government finances in Libya. The pervasive nature of subsidies has led to rampant corruption, smuggling, and a diversion of resources from essential public services. The paper identifies key b...
Economic growth slowed to 5.2 percent in 2024 (compared to 6.5 percent in 2023), reflecting a sluggish extractive sector and inflation remains contained. Growth is projected to slow further to 4.0 percent in 2025 due to the projected contraction i...
This chapter examines the evolution of bank credit in Namibia over the past two decades. It highlights notable trends and the composition of credit growth, with a particular focus on the private sector. Additionally, it identifies potential macro-...
The Ministry of Budget and Economic Planning's budget implementation reports reveal large fiscal forecast errors over the 2011-2023 period, for a range of fiscal aggregates including total revenues, expenditures, and the fiscal deficit. Revenu...
: In recent years, the trading of crypto assets has surged among individuals and businesses in Nigeria. The authorities are strengthening the regulatory and supervisory framework for crypto assets to address potential risks including undetected ...
Ireland’s economy is deeply connected to the global trade network and relies on foreign direct investment (FDI), notably from the US. This paper presents a framework to estimate the impact of geo-economic fragmentation through three channels: (1) ...
The paper benchmarks Ireland’s public spending efficiency to peer countries in infrastructure, health, and education using a variety of indicators and maps the efficiency frontiers in these sectors using the Data Envelopment Analysis (DEA) method....
本研究基于独特的账户级交易数据,首次系统分析了中国共同基金市场中个人投资 者的再申购行为及近因效应的影响。研究结果表明,相较于其他基金,个人投资者更倾向于再次 申购此前盈利的基金。此外,近因效应对基金个人投资者的再申购决策有重要影响。具体表现 为,投资者近期在其他基金上的交易,无论是申购还是赎回,均会显著降低其再申购倾向。同时, 近期交易频率越高,基金个人投资者的再申购倾向越低。本文从买入决策视角揭示了投资者的行 为偏差,丰富了对基金个人投资者的决策过程和行为模式的研究,有助于引导投资者形...
The first quarter of the twenty-first century has been transformative for emerging market and developing economies (EMDEs). These economies now account for about 45 percent of global GDP, up from about 25 percent in 2000, a trend driven by robust ...
Secondary school completion in sub-Saharan Africa is the lowest in the world. Given the multiple constraints households face, the scope of purely demand-side interventions to narrow the completion gap may be large. This paper quantifies this scope...