Finding the tools to end the cost of living crisis
Finding an end to the cost of living crisis will depend on modern economic theories rather than the outdated monetary models currently in effect.
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Finding an end to the cost of living crisis will depend on modern economic theories rather than the outdated monetary models currently in effect.
This paper employs an input-output modelling approach to quantify the impact of decreases in coffee exports between 2019 and 2020 resulting from the implementation of various COVID-19 policies in Lao PDR. The analysis was undertaken at two levels in investigating the effects of these policies on (1) the regional economy in the main coffee producing region of Champasak Province in Southern Laos, and (2) the national economy of Lao PDR. Results were rather mixed at both the regional and national levels, for four reasons: (1) reduced production in other countries increased demand for green bean e...