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Too Much Finance?
This paper examines whether there is a threshold above which financial development no longer has a positive effect on economic growth. We use different empirical approaches to show that there can indeed be "too much" finance. In particular, our results suggest that finance starts having a negative effect on output growth when credit to the private sector reaches 100% of GDP. We show that our results are consistent with the "vanishing effect" of financial development and that they are not driven by output volatility, banking crises, low institutional quality, or by differences in bank regulation and supervision.
Undernourishment and Economic Growth
This paper investigates the effect of undernourishment on economic growth. In addition to the basic relationship on health, a number of other important relationships are investigated: (a) regional differences regarding the impact of under-nourishment on growth; (b) the impact that possible errors in measuring nutritional variables may have on the robustness of the estimated nutrition-growth relationship; and (c) the existence of "nutritional traps", i.e. the vicious circle of low nutrition-low economic growth-low nutrition. The basic conclusion of the paper - that undernourishment can be a serious handicap in the efforts of countries to achieve economic growth - suggests that actions taken to feed the hungry have a strong growth dimension in addition to their humanitarian character.
Journals
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The Economic Costs of the Israeli Occupation for the Palestinian People
This publication sheds light on the impact of the Israeli restrictions on the economy of the West Bank and the socioeconomic conditions of its households for the period 1998-2019, with special focus on the impact of the restrictions imposed by occupation in the aftermath of the second Intifada. It provides an overview of the Israeli restrictions and measures during the second Intifada and the post Intifada period. It then considers a counterfactual (alternative) growth path for the West Bank from the year 2000 onwards, to give some indication of the range of the potential economic growth that could have been realized if the restrictions imposed upon the outbreak of the Intifada had not occur...
