IDEAS home Printed from https://ideas.repec.org/p/ott/wpaper/2305e.html
   My bibliography  Save this paper

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

Author

Listed:
  • Oussama Abi Younes

    (American University of Beirut, Lebanon)

  • Leila Dagher

    (Department of Economics, Lebanese American University, Lebanon)

  • Ibrahim Jamali

    (Department of Finance, Accounting & Managerial Economics, American University of Beirut, Lebanon)

  • Paul Makdissi

    (Department of Economics, University of Ottawa, Canada)

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.

Suggested Citation

  • Oussama Abi Younes & Leila Dagher & Ibrahim Jamali & Paul Makdissi, 2023. "Quantifying turbulence: Introducing a multi-crises impact index for Lebanon," Working Papers 2305E, University of Ottawa, Department of Economics.
    • Handle: RePEc:ott:wpaper:2305e
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10393/45699
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Nasri Harb & Tony Rouhana, 2020. "Earnings and gender wage gap in Lebanon: the role of the human and social capital," Applied Economics, Taylor & Francis Journals, vol. 52(44), pages 4834-4849, September.
    2. Alkire, Sabina & Foster, James, 2011. "Counting and multidimensional poverty measurement," Journal of Public Economics, Elsevier, vol. 95(7), pages 476-487.
    3. Makdissi, Paul & Yazbeck, Myra, 2014. "Measuring socioeconomic health inequalities in presence of multiple categorical information," Journal of Health Economics, Elsevier, vol. 34(C), pages 84-95.
    4. Mr. Luc Laeven & Mr. Fabian Valencia, 2018. "Systemic Banking Crises Revisited," IMF Working Papers 2018/206, International Monetary Fund.
    5. Sabina Alkire & Yingfeng Fang, 2019. "Dynamics of Multidimensional Poverty and Uni-dimensional Income Poverty: An Evidence of Stability Analysis from China," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 142(1), pages 25-64, February.
    6. Fakih, Ali & Makdissi, Paul & Marrouch, Walid & Tabri, Rami V. & Yazbeck, Myra, 2022. "A stochastic dominance test under survey nonresponse with an application to comparing trust levels in Lebanese public institutions," Journal of Econometrics, Elsevier, vol. 228(2), pages 342-358.
    7. Eijffinger, Sylvester C.W. & Karataş, Bilge, 2023. "Three sisters: The interlinkage between sovereign debt, currency, and banking crises," Journal of International Money and Finance, Elsevier, vol. 131(C).
    8. Stijn Claessens & M. Ayhan Kose & Luc Laeven & Fabián Valencia, 2013. "Understanding Financial Crises: Causes, Consequences, and Policy Responses," Koç University-TUSIAD Economic Research Forum Working Papers 1301, Koc University-TUSIAD Economic Research Forum.
    9. World Bank, 2016. "Lebanon Economic Monitor, Fall 2016," World Bank Publications - Reports 25356, The World Bank Group.
    10. Dagher, Leila & Jamali, Ibrahim & Abi Younes, Oussama, 2023. "Extreme energy poverty: The aftermath of Lebanon’s economic collapse," Energy Policy, Elsevier, vol. 183(C).
    11. Nasri Harb, 2022. "Earnings function in Lebanon: does religion matter?," Applied Economics, Taylor & Francis Journals, vol. 54(7), pages 821-840, February.
    12. Paul Makdissi & Walid Marrouch & Myra Yazbeck, 2022. "Monitoring Poverty in a Data Deprived Environment: The Case of Lebanon," Working Papers 2022-014, Human Capital and Economic Opportunity Working Group.
    13. World Bank, 2020. "Lebanon Economic Monitor, Fall 2020," World Bank Publications - Reports 34842, The World Bank Group.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Paul Makdissi & Walid Marrouch & Myra Yazbeck, 2022. "Monitoring Poverty in a Data Deprived Environment: The Case of Lebanon," Working Papers 2022-014, Human Capital and Economic Opportunity Working Group.
    2. Mohamad Khaled & Paul Makdissi & Prasada Rao & Myra Yazbeck, 2023. "A Unidimensional Representation of Multidimensional Inequality: An Econometric Analysis of Inequalities in the Arab Region," Working Papers 2304E Classification- D63, University of Ottawa, Department of Economics.
    3. Mohamad A. Khaled & Paul Makdissi & D.S. Prasada Rao & Myra Yazbeck, 2023. "A unidimensional representation of multidimensional inequality, with an application to the Arab region," Discussion Papers Series 659, School of Economics, University of Queensland, Australia.
    4. Wei Zou & Xiaopei Cheng & Zengzeng Fan & Wenxi Yin, 2023. "Multidimensional Relative Poverty in China: Identification and Decomposition," Sustainability, MDPI, vol. 15(6), pages 1-27, March.
    5. Mussard, Stéphane & Pi Alperin, María Noel, 2021. "Accounting for risk factors on health outcomes: The case of Luxembourg," European Journal of Operational Research, Elsevier, vol. 291(3), pages 1180-1197.
    6. Yiyan Chen & Zhaoyun Tang, 2023. "A Study of Multidimensional and Persistent Poverty among Migrant Workers: Evidence from China’s CFPS 2014–2020," Sustainability, MDPI, vol. 15(10), pages 1-15, May.
    7. Wang, Ziyang & Wang, Wenxiong & Yu, Lihong & Zhang, Dongli, 2022. "Multidimensional poverty alleviation effect of different rural land consolidation models: A case study of Hubei and Guizhou, China," Land Use Policy, Elsevier, vol. 123(C).
    8. Shatakshee Dhongde & Robert Haveman, 2022. "Spatial and Temporal Trends in Multidimensional Poverty in the United States over the Last Decade," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 163(1), pages 447-472, August.
    9. Sanjay K. Mohanty & Guru Vasishtha, 2021. "Contextualizing multidimensional poverty in urban India," Poverty & Public Policy, John Wiley & Sons, vol. 13(3), pages 234-253, September.
    10. Burhan Can Karahasan & Fırat Bilgel, 2021. "The Topography and Sources of Multidimensional Poverty in Turkey," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 154(2), pages 413-445, April.
    11. MUSSARD Stéphane & PI ALPERIN Maria Noel, 2016. "A Two-parameter Family of Socio-economic Health Inequality Indices: Accounting for Risk and Inequality Aversions," LISER Working Paper Series 2016-15, Luxembourg Institute of Socio-Economic Research (LISER).
    12. Xia Wang & Peiru Cai, 2022. "The relationship between tourism development and multidimensional poverty reduction: A decoupling analysis," Quality & Quantity: International Journal of Methodology, Springer, vol. 56(4), pages 2501-2518, August.
    13. Yuan Li Liu & Kai Zhu & Qi Yao Chen & Jing Li & Jin Cai & Tian He & He Ping Liao, 2021. "Impact of the COVID-19 Pandemic on Farm Households’ Vulnerability to Multidimensional Poverty in Rural China," Sustainability, MDPI, vol. 13(4), pages 1-16, February.
    14. Jing Su & Liwei Tang & Pan Xiao & Ermei Wang, 2023. "Multidimensional poverty vulnerability in rural China," Empirical Economics, Springer, vol. 64(2), pages 897-930, February.
    15. Zhang, Zhao & Ma, Caoyuan & Wang, Aiping, 2021. "A longitudinal study of multidimensional poverty in rural China from 2010 to 2018," Economics Letters, Elsevier, vol. 204(C).
    16. Khaufelo Raymond Lekobane, 2022. "Leaving No One Behind: An Individual-Level Approach to Measuring Multidimensional Poverty in Botswana," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 162(1), pages 179-208, July.
    17. Tzu-Ying Chen & Yi-Hsin Elsa Hsu & Rachel J. Huang & Larry Y. Tzeng, 2021. "Making socioeconomic health inequality comparisons when health concentration curves intersect," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 57(4), pages 875-899, November.
    18. Miraj Ahmed Bhuiyan & Zhihui Liu & Fanqiang Meng, 2023. "Multi-period Analysis and Household Registration Differences of Multidimensional Poverty Among Migrant Workers," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 169(1), pages 671-696, September.
    19. Hernando Grueso, 2023. "Unveiling the Causal Mechanisms Within Multidimensional Poverty," Evaluation Review, , vol. 47(6), pages 1107-1134, December.
    20. Guo, Junping & Qu, Song & Zhu, Tiehui, 2022. "Estimating China’s relative and multidimensional Poverty: Evidence from micro-level data of 6145 rural households," World Development Perspectives, Elsevier, vol. 26(C).

    More about this item

    Keywords

    Multiple crises; Index; Lebanon;
    All these keywords.

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ott:wpaper:2305e. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Aggey Semenov (email available below). General contact details of provider: https://edirc.repec.org/data/deottca.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.