Macro-Economics

Wariness and Poverty Traps ArXiv ID: 2510.14418 “View on arXiv” Authors: Hai Ha Pham, Ngoc-Sang Pham Abstract We investigate the effects of wariness (defined as individuals’ concern for their minimum utility over time) on poverty traps and equilibrium multiplicity in an overlapping generations (OLG) model. We explore conditions under which (i) wariness amplifies or mitigates the likelihood of poverty traps in the economy and (ii) it gives rise to multiple intertemporal equilibria. Furthermore, we conduct comparative statics to characterize these effects and to examine how the interplay between wariness, productivity, and factor substitutability influences the dynamics of the economy. ...

Governance Matters Ii: Updated Indicators for 2000-01 ArXiv ID: ssrn-297497 “View on arXiv” Authors: Unknown Abstract Updated governance indicators report estimates of six dimensions of governance for 175 countries in 2000-01. They can be compared with those constructed for 199 Keywords: Governance Indicators, World Bank, Macro-economics, Institutional Quality, Risk Assessment, Macro-Economics Complexity vs Empirical Score Math Complexity: 1.0/10 Empirical Rigor: 8.0/10 Quadrant: Street Traders Why: The paper focuses on updating and reporting empirical governance indicators for countries, which involves data collection and statistical aggregation, but contains minimal mathematical derivations or advanced formulas. flowchart TD A["Research Goal: Update Governance Indicators for 175 Countries (2000-01)"] --> B["Data Collection 175 Country Expert Surveys"] B --> C["Computational Process Unobserved Components Model"] C --> D["Statistical Aggregation Estimate 6 Governance Dimensions"] D --> E{"Outcomes: Key Findings"} E --> F["Updated Indicators for 2000-01"] E --> G["Cross-Country Comparisons vs. 1996-97 Baseline"]