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Quantifying Turbulence: Introducing a Multi-crises Impact Index for Lebanon

Author

Listed:
  • Oussama Abi Younes

    (American University of Beirut)

  • Leila Dagher

    (Lebanese American University)

  • Ibrahim Jamali

    (American University of Beirut)

  • Paul Makdissi

    (University of Ottawa)

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 of well-being: 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, 2024. "Quantifying Turbulence: Introducing a Multi-crises Impact Index for Lebanon," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 175(1), pages 1-24, October.
    • Handle: RePEc:spr:soinre:v:175:y:2024:i:1:d:10.1007_s11205-024-03426-4
    DOI: 10.1007/s11205-024-03426-4
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    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. 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.
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    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

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