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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...
Recovery after a disaster is a complex process that involves several elements, including how badly the disaster struck, the resources (both private-owned and government-aided) and help available to households, and the country's economic health...
This study provides a comprehensive analysis of poverty trends among older people in the Philippines, using various data sources. It analyzes both monetary and multidimensional measures of poverty, as well as income sources, expenditure patterns, ...
Climate change causes widespread health harms, threatens health care delivery and infrastructure, and undermines the achievement of universal health coverage (UHC) (Cissé et al., 2022; Moradi et al., 2021; Romanello et al., 2023; Salas & Jha, ...
This project uses unique Chilean administrative data to shed light on how production networks might play a key role in shaping the macroeconomic impacts of green transition policies. First, using customs and firm-to-firm transaction data that cove...
Experiments with tokenisation are gaining momentum.1 By enabling the contingent execution of actions, tokenisation can help to enhance the efficiency of markets, reduce settlement risk, broaden investment access and spur the creation of new financ...
This paper studies how El Ni˜no Costero, a large climatic event, generates physical risks disrupting business cycles and hindering the effectiveness of monetary policy. Using Peruvian data, we find consistent empirical evidence that El Ni˜no shock...