Acp 073b PDF Download
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Author | : Philippe Auffret |
Publisher | : World Bank Publications |
Total Pages | : 40 |
Release | : 2003 |
Genre | : Caribbean Area |
ISBN | : |
Download High consumption Volatility Book in PDF, ePub and Kindle
A history of repeated external and domestic shocks has made economic insecurity a major concern across the Caribbean region. Of particular concern to all households, especially the poorest segments of the population, is the exposure to shocks that are generated by catastrophic events or natural disasters. The author shows that despite high consumption growth, the Caribbean region suffers from a high volatility of consumption that decreases household welfare. After presenting some empirical evidence that consumption volatility is higher in the Caribbean region than in the rest of the world, he makes some empirically testable inferences that help explain consumption volatility. The author develops a conceptual framework for analyzing the effects of catastrophic events on household and aggregate welfare. According to this framework, the volatility of consumption comes from production shocks that are transformed into consumption shocks mostly because of underdeveloped or ineffective risk-management mechanisms. Auffret conducts an empirical analysis of the impact of catastrophic events on 16 countries (6 from the Caribbean region and 10 from Latin America) from 1970-99 and shows that catastrophic events lead to: 1) A substantial decline in the growth of output. 2) A substantial decline in the growth of investment. 3) A more moderate decline in consumption growth (most of the decline is in private consumption, while public consumption declines moderately. 4) A worsening of the current account of the balance of payments.
Author | : |
Publisher | : |
Total Pages | : 556 |
Release | : 1893 |
Genre | : Education |
ISBN | : |
Download The Educational Times, and Journal of the College of Preceptors Book in PDF, ePub and Kindle
Author | : |
Publisher | : |
Total Pages | : 548 |
Release | : 1893 |
Genre | : Education |
ISBN | : |
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Author | : Fletch |
Publisher | : |
Total Pages | : |
Release | : 2013-11-05 |
Genre | : |
ISBN | : 9780646911434 |
Download Acp-073(b) Book in PDF, ePub and Kindle
Author | : |
Publisher | : |
Total Pages | : 778 |
Release | : 1992 |
Genre | : Natural history |
ISBN | : |
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Author | : Rabbi Jacob Ibn Chabib |
Publisher | : Legare Street Press |
Total Pages | : 0 |
Release | : 2022-10-27 |
Genre | : |
ISBN | : 9781017954838 |
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This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Author | : |
Publisher | : |
Total Pages | : 186 |
Release | : 1996 |
Genre | : Agricultural chemicals |
ISBN | : |
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Author | : |
Publisher | : |
Total Pages | : |
Release | : 2002 |
Genre | : Geography |
ISBN | : |
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Author | : Sherley Clark Thompson |
Publisher | : |
Total Pages | : 682 |
Release | : 1967 |
Genre | : Baseball |
ISBN | : |
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Author | : |
Publisher | : |
Total Pages | : 1008 |
Release | : 1970 |
Genre | : Isotopes |
ISBN | : |
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