Quantifying turbulence: Introducing a multi-crises impact index for Lebanon

Oussama Abi Younes (), Leila Dagher (), Ibrahim Jamali () and Paul Makdissi ()
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Oussama Abi Younes: American University of Beirut, Lebanon
Ibrahim Jamali: Department of Finance, Accounting & Managerial Economics, American University of Beirut, Lebanon

No 2305E, Working Papers from University of Ottawa, Department of Economics

Abstract: This paper provides an in-depth analysis of Lebanon's severe economic crisis, a situation aggravated by the collapse of Banque du Liban's financial strategies, delayed reforms by the government, the COVID-19 pandemic, and the devastating Beirut Port explosion. These events have precipitated a sharp decline in disposable income, soaring inflation rates, and an alarming increase in unemployment and multidimensional poverty. Central to this study is a comprehensive field survey that examines eighteen coping mechanisms adopted by workers in various economic sectors of Lebanon. From this survey, we introduce a new index designed to systematically categorize and evaluate these coping strategies across four critical dimensions: nutrition, healthcare, education, and financial issues. We use this index to quantify and understand the extent to which workers have relied on these coping mechanisms, offering novel insights into the socio-economic repercussions of the crisis.

Keywords: Multiple crises; Index; Lebanon (search for similar items in EconPapers)
JEL-codes: D63 I31 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2023
New Economics Papers: this item is included in nep-ara
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http://hdl.handle.net/10393/45699 (application/pdf)

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Journal Article: Quantifying Turbulence: Introducing a Multi-crises Impact Index for Lebanon (2024)
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Persistent link: https://EconPapers.repec.org/RePEc:ott:wpaper:2305e

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