Channels of transmission of coronavirus to developing economies from abroad - Otaviano Canuto

This paper aims at evaluating the virtual water content in trade in an intra-country perspective and discussing potential tradeoffs between the use of natural resources and value added creation. We develop a trade-based index that reveals the relative water use intensities associated with specific interregional and international trade flows. The index is calculated considering the measures of water and value added embedded in trade flows associated with each regional origin-destinat ...

The COVID-19 disease, caused by the novel coronavirus, is the most serious health crisis since the Spanish flu of 1918, which is estimated to have killed between 50 million and 100 million people worldwide. By the latest count (March 29), the disease had spread to over 177 countries, with more than 630,000 cases reported and 30,000 recorded deaths. These numbers are increasing exponentially at present and the cases and deaths reported are both believed to be undercounted. Deaths are ...

L'épidémie de coronavirus vient encore davantage affaiblir les économies du golfe de Guinée déjà particulièrement fragilisées par un secteur pétrolier localement en crise depuis plusieurs années. La rapide baisse des cours va mettre à nouveau à rude épreuve des systèmes qui ne parviennent pas à se réinventer et à se diversifier afin de se prémunir des travers souvent constatés au sein des Etats rentiers. Outre l'impact économique, ce sont également les potentielles difficultés d'ord ...

- There are three possible justifications for central banks to engage with climate change issues: financial risks, macroeconomic impacts, and mitigation/adaptation policies. - Regardless of the extent to which individual central banks take action in each of the three areas, they can no longer ignore climate change. Last year, extreme weather events associated with climate change – floods, violent storms, droughts, and forest fires –occurred on all inhabited continents. In at least ...

L’Inde est confrontée, aujourd’hui, à plusieurs défis énergétiques : - Assurer la sécurité énergétique du pays, en généralisant l’accès pour tous à l’électricité. Ce qui n’est pas le cas en 2019. - Le faire en réduisant sa dépendance aux énergies fossiles, afin de mieux répondre aux orientations des Conférences des parties, COP 21 et COP 22. Pour cela, les autorités gouvernementales vont mener, dès 1981, une réflexion sur les énergies renouvelables, les conduisant à privilégier l ...

This note approaches the relationship between natural wealth and economic growth, using the case of Sub-Sahara African economies as an illustration. Delving into recent World Bank reports, it highlights how a sustained positive correlation between natural capital and GDP growth happens through the transformation of the former into other forms of assets: produced capital, human capital and other intangible assets. Governance features and the quality of macroeconomic policies are of t ...

Empirical models of international commodity trade ows tend to show that exchange rate volatility has either no or negative impact on export volumes. This analysis has a number of limitations. In particular, it underestimates the role of physical traders and, consequently, the importance of future markets. In this context, this article aims to provide the theoretical underpinnings to demonstrate that these traders play a very particular role and that they have an influence on the rea ...

Has the integration of European, North American and Asian natural gas markets been fostered over the last few years by growing LNG export capacities and an increasing market share of spot transactions? This is the key question that this article sets out to answer. For this purpose, we develop bivariate error correction models with structural breaks and asymmetric responses among gas references prices, oil prices, and coal prices. We use daily prices of all reference prices spanning ...

Sur quelles contraintes faut-il anticiper lorsqu’on évoque la croissance de l’Afrique? Comment guider les décideurs politiques dans les priorités à définir pour piloter l’économie et arriver à bon port dans le monde qui vient? Le séminaire organisé le 11 avril à Paris par le PCNS et le Centre de développement de l’OCDE a apporté des éléments de réponse. La discussion s’est ouverte en prenant appui sur le rapport de référence publié en 2018 par l’Union africaine et l’OCDE sur les “D ...

Access to electricity is a key factor for the future of the African continent. Energy poverty and lack of universal access to electricity services are, in fact, remarkably hurting human progress in Africa. Today, sub-Saharan Africa hosts 14 percent of the world’s population but 60 percent of the world’s people without access to electricity: of the more than 1 billion people globally who had no access to electricity, around 600 million lived in the region. In these conditions, many A ...