Highlights► Examine the impact of economic growth and financial development on poverty. ► Extend the Dollar and Kraay (2002) study and test the results for the Lucas critique. ► Economic growth is important for poverty alleviation universally. ► Financial development exhibits regional differentiation for poverty reduction.
This paper empirically examines the determinants of Summer Olympic success during the period 1996-2016. By modifying the panel Tobit estimator using the Mundlak transform, the results find that population size and the host effect are the only statistically significant determinants of Olympic attainment. We also show that participating in front of a home crowd will stimulate athletic performance equally for each gender, but the impact of population differs between the sexes. These findings are confirmed using a hurdle estimator. This relaxes the assumption that the factors determining Olympic success are the same as those that influence the quantity of success.
Financial crises have detrimental impacts on the economy via depressed economic growth and rising unemployment, however, their impact on the poorest in society is relatively underresearched. This paper investigates the impact of three different types of financial crises on the income of the poor. Using a variety of estimation techniques and controlling for a lagged dependent variable, the results suggest that currency crises are the most harmful to the poor, followed by banking crises. Debt crises only have a statistically significant effect on the income of the poor in richer countries.
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