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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
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    References listed on IDEAS

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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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