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Economics

Fintech can promote financial inclusion in emerging economies

URBANA, Ill. – Financial technologies – fintech – are rapidly expanding and providing easier access to financial services worldwide. The COVID-19 pandemic has further accelerated the need for contactless transactions.

A new study from the University of Illinois evaluates fintech systems in 16 emerging markets. The researchers conclude digital technologies overall provide greater access to financial services, but some barriers to usage remain for vulnerable populations.

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Parental income has long-term consequences for children’s health

URBANA, Ill. – A family’s socioeconomic status affects children’s health long into adulthood. Individuals growing up in low-income families have much higher risk of obesity and obesity-related diseases later in life. That’s especially true for permanent low-income families, a University of Illinois study shows.

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Study proposes new ways to estimate climate change impacts on agriculture

URBANA, Ill. ­– Most scientists agree climate change has a profound impact on U.S. agricultural production. But estimates vary widely, making it hard to develop mitigation strategies. Two agricultural economists at the University of Illinois take a closer look at how choice of statistical methodology influences climate study results. They also propose a more accurate and place-specific approach to data analysis.

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Major revamp of SNAP could eliminate food insecurity in the US

URBANA, Ill. – Food insecurity is a major problem in the U.S., and it worsened during the COVID-19 pandemic. The Supplemental Nutrition Assistance Program (SNAP) provides some relief, but millions of Americans still lack adequate access to healthy food. A new study from the University of Illinois proposes a potential solution.

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High unemployment rates contribute to rise in anti-democratic extremism

URBANA, Ill. ­– The United States has experienced a dramatic increase in anti-democratic extremist groups in recent decades, culminating with the Jan. 6, 2021, insurrection at the U.S. Capitol. Adverse economic conditions and high unemployment rates fueled the proliferation of extremism, according to a study from University of Illinois

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Syrian refugees in Lebanon need targeted efforts to rebuild their lives

URBANA, Ill.  – The number of people fleeing violence, poverty and conflict is skyrocketing worldwide and refugees often become permanently displaced. Syria’s decade-long civil war has caused millions of people to flee the country, with many settling in neighboring Lebanon. 

Governments and humanitarian organizations provide aid to the refugees, but contributions from donor countries have failed to meet rising needs in recent years. That makes it even more important to know where aid can be most effective.

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Soy kits provide earning power for women entrepreneurs in Malawi

URBANA, Ill. – Women’s ability to work as entrepreneurs can help alleviate poverty and malnutrition in developing countries. As local governments and development organizations aim to encourage business opportunities, it’s important to identify projects suited for women’s lives in rural households.

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Agricultural trade across US states can mitigate economic impacts of climate change

URBANA, Ill. – Agricultural producers deal firsthand with changing weather conditions, and extreme events such as drought or flooding can impact their productivity and profit. Climate change models project such events will occur more often in the future. But studies of the economic consequences of weather and climate on agriculture typically focus on local impacts only.

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How climate change affects Colombia’s coffee production

URBANA, Ill. ­– If your day started with a cup of coffee, there’s a good chance your morning brew came from Colombia. Home to some of the finest Arabica beans, the country is the world’s third largest coffee producer. Climate change poses new challenges to coffee production in Colombia, as it does to agricultural production anywhere in the world, but a new University of Illinois study shows effects vary widely depending on where the coffee beans grow.

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Clean Power Plan repeal had economic and environmental consequences

URBANA, Ill. – The Obama administration introduced the Clean Power Plan (CPP) in 2015 to significantly reduce carbon emissions from the U.S. electricity sector. However, the Trump administration repealed the CPP in 2016, claiming the costs to energy production outweighed the environmental benefits.

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