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  • 1
    Online Resource
    Online Resource
    [Washington, DC, USA] : World Bank Group, East Asia and the Pacific Region, Office of the Chief Economist
    Language: English
    Pages: 1 Online-Ressource (circa 19 Seiten) , Illustrationen
    Series Statement: Policy research working paper 9068
    Series Statement: World Bank E-Library Archive
    Series Statement: Policy research working paper
    Parallel Title: Erscheint auch als Francesca De Nicola The Financial Costs of the U.S.-China Trade Tensions: Evidence from East Asian Stock Markets
    Keywords: Graue Literatur
    Abstract: This paper examines the impacts of U.S.-China trade tensions via the lens of East Asian stock markets. Studying 10 indices of the main East Asian stock markets, it finds that announcements of "trade war" escalation translated into 50 to 60 percent of the total declines in two major Chinese stock markets over the first eight months of 2018. In other words, in the absence of the "trade war" Asian stocks would have experienced half the decline, or they would have registered gains
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  • 2
    Online Resource
    Online Resource
    [Washington, DC, USA] : World Bank Group, Middle East and North Africa Region, Office of the Chief Economist
    Language: English
    Pages: 1 Online-Ressource (circa 35 Seiten) , Illustrationen
    Series Statement: Policy research working paper 9354
    Series Statement: World Bank E-Library Archive
    Series Statement: Policy research working paper
    Parallel Title: Erscheint auch als Banuri, Sheheryar Borrowing to Keep up (with the Joneses): Inequality, Debt, and Conspicuous Consumption
    Keywords: Graue Literatur
    Abstract: The quest for status is a powerful motivator, but does it affect inequality? This paper presents a novel lab experiment that was designed and conducted to identify the relationship between inequality, status signaling, debt, and conspicuous consumption. It reports three main findings: First, consumption increases when it is "conspicuous" (i.e. is both observable, and signals ability/status). Second, borrowing increases when consumption is conspicuous. More critically, this increase in loan-taking is driven by those at the bottom of the income distribution. Third, in the presence of conspicuous consumption, access to finance exacerbates inequality. The results point to a vicious cycle of inequality and costly borrowing
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  • 3
    Online Resource
    Online Resource
    [Washington, DC, USA] : World Bank Group, Office of the Chief Economist, East Asia and the Pacific Region, Development Research Group
    Language: English
    Pages: 1 Online-Ressource (circa 22 Seiten) , Illustrationen
    Series Statement: Policy research working paper 9483
    Series Statement: World Bank E-Library Archive
    Series Statement: Policy research working paper
    Parallel Title: Erscheint auch als de Nicola, Francesca Productivity Loss and Misallocation of Resources in Southeast Asia
    Keywords: Productivity ; Distortions ; Resource Misallocation ; Graue Literatur
    Abstract: This paper examines within-sector resource misallocation in three Southeast Asian countries - Indonesia, Malaysia, and Vietnam. The methodology accounts for measurement error in revenues and costs. The firm-level evidence suggests that measurement error is substantial, resulting in an overestimation of misallocation by as much as 30 percent. Nevertheless, resource misallocation across firms within a sector remains large, albeit declining. The findings imply that there are considerable potential gains from efficient reallocation - above 80 percent for Indonesia and around 20 to 30 percent for Malaysia and Vietnam. Private domestic firms and firms with higher productivity appear to face larger distortions that prevent them from expanding
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  • 4
    Online Resource
    Online Resource
    Washington, DC, USA : World Bank Group, East Asia and the Pacific Region, Office of the Chief Economist
    Language: English
    Pages: 1 Online-Ressource (circa 34 Seiten) , Illustrationen
    Series Statement: Policy research working paper 8634
    Series Statement: World Bank E-Library Archive
    Series Statement: Policy research working paper
    Parallel Title: Erscheint auch als de Nicola, Francesca On The Allocation of Resources In Developing East Asia And Pacific
    Keywords: Graue Literatur
    Abstract: Over the past decades, East Asia and Pacific's productivity has been gradually catching up with the frontier (the United States), with China leading the pack. Productivity growth has been driven by sustained within-sector productivity growth. Reallocation of labor to sectors with higher productivity, such as industry and services, also contributed to productivity improvements. Nevertheless, resource misallocation remains. Firm-level evidence from four East Asia and Pacific countries (Indonesia, Malaysia, the Philippines, and Vietnam) suggests that resource misallocation across firms within a sector is large, albeit declining over time. Private domestic firms and firms with higher productivity face larger distortions
    URL: Volltext  (lizenzpflichtig)
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  • 5
    Language: English
    Pages: 1 Online-Ressource (circa 49 Seiten) , Illustrationen
    Series Statement: Policy research working paper 8827
    Series Statement: World Bank E-Library Archive
    Series Statement: Policy research working paper
    Parallel Title: Erscheint auch als Hoang, Trung Xuan Labor Market Impacts and Responses: The Economic Consequences of a Marine Environmental Disaster
    Keywords: Graue Literatur
    Abstract: This paper examines the labor market impacts of a large-scale marine environmental crisis caused by toxic chemical contamination in Vietnam's central coast in 2016. Combining labor force surveys with satellite data on fishing-boat detection, the analysis finds negative and heterogeneous impacts on fishery incomes and employment and uncovers interesting coping patterns. Satellite data suggest that upstream fishers traveled to safe fishing grounds, and thus bore lower income damage. Downstream fishers, instead, endured severe impact and were more likely to substitute fishery hours for working secondary jobs. The paper also finds evidence on an impact recovery to fishing intensity and fishery income, and a positive labor market spillover to freshwater fishery
    URL: Volltext  (lizenzpflichtig)
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  • 6
    Online Resource
    Online Resource
    [Washington, DC, USA] : World Bank Group, Middle East and North Africa Region, Office of the Chief Economist
    Language: English
    Pages: 1 Online-Ressource (circa 27 Seiten) , Illustrationen
    Series Statement: Policy research working paper 9321
    Series Statement: World Bank E-Library Archive
    Series Statement: Policy research working paper
    Parallel Title: Erscheint auch als Arezki, Rabah Contagious Protests
    Keywords: Graue Literatur
    Abstract: This paper explores the spillover of protests across countries using data on nonviolent and spontaneous demonstrations for 200 countries from 2000 to 2020. Using an autoregressive spatial model, the analysis finds strong evidence of "contagious protests," with a catalyzing role of social media. In particular, social media penetration in the source and destination of protests leads to protest spillovers between countries. There is evidence of parallel learning between streets of nations alongside the already documented learning between governments
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  • 7
    Online Resource
    Online Resource
    Washington, DC, USA : World Bank Group, Middle East and North Africa Region, Office of the Chief Economis
    Language: English
    Pages: 1 Online-Ressource (circa 24 Seiten) , Illustrationen
    Series Statement: Policy research working paper 8870
    Series Statement: World Bank E-Library Archive
    Series Statement: Policy research working paper
    Parallel Title: Erscheint auch als Arezki, Rabah Technology Adoption and the Middle-Income Trap: Lessons from the Middle East and East Asia
    Keywords: Graue Literatur
    Abstract: This paper documents the existence of a "middle-income trap" for the Middle East and North Africa region. It argues that the economic woes of the Middle East and North Africa offer new insights into the debate on the trap which has thus far focused on the East Asia and Pacific region. The results are two-folds. First, non-parametric regressions show that the average rate of economic growth in the Middle East and North Africa has not only been significantly lower than that in the East Asia and Pacific region, but it has also tended to drop at an earlier level of income. Second, econometric results point to Middle East and North Africa having experienced a relatively slow pace of technology adoption in general-purpose technologies. The paper concludes that barriers to the adoption of general-purpose technologies related to the lack of contestability in key sectors could constitute an important channel of transmission for the middle-income trap
    URL: Volltext  (lizenzpflichtig)
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  • 8
    Online Resource
    Online Resource
    [Washington, DC, USA] : World Bank Group, Middle East and North Africa Region, Office of the Chief Economist
    Language: English
    Pages: 1 Online-Ressource (circa 22 Seiten) , Illustrationen
    Series Statement: Policy research working paper 9287
    Series Statement: World Bank E-Library Archive
    Series Statement: Policy research working paper
    Parallel Title: Erscheint auch als Arezki, Rabah Reversal of Fortune for Political Incumbents after Oil Shocks
    Keywords: Graue Literatur
    Abstract: This paper explores the effect of oil shocks on electoral outcomes. Using a new polling and election data set for 207 elections across 50 democracies, the paper shows that oil price increases systematically lower the odds of reelection for incumbents. The analysis verifies that these shocks - which reduce consumption growth - are associated with worsening performance for incumbents in the runup to reelection and a reversal in the leaning of the political party in power post-election
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  • 9
    Online Resource
    Online Resource
    [Washington, DC, USA] : World Bank Group, Middle East and North Africa Region, Office of the Chief Economist
    Language: English
    Pages: 1 Online-Ressource (circa 38 Seiten) , Illustrationen
    Series Statement: Policy research working paper 9319
    Series Statement: World Bank E-Library Archive
    Series Statement: Policy research working paper
    Parallel Title: Erscheint auch als Arezki, Rabah Reform Chatter and Democracy
    Keywords: Graue Literatur
    Abstract: This paper explores the dynamics of media chatter about economic reforms using text analysis from about a billion newspaper articles in 28 languages. The paper shows that the intensity of reform chatter increases during economic downturns. This increase is more significant in democracies. Using instrumental variable techniques, the analysis finds the relationship to be causal. The paper also documents that reform chatter is followed by actual reforms, suggesting that democracies benefit from a "self-correcting" mechanism stemming from changing popular attitudes toward reform
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  • 10
    Online Resource
    Online Resource
    Washington, D.C. : World Bank Group, Macroeconomics, Trade and Investment Global Practice & Development Research Group
    Language: English
    Pages: 1 Online-Ressource (circa 19 Seiten) , Illustrationen
    Series Statement: Policy research working paper 8611
    Series Statement: World Bank E-Library Archive
    Series Statement: Policy research working paper
    Parallel Title: Erscheint auch als Bruhn, Miriam Courts and Business Registration: Evidence from Serbia
    Keywords: Graue Literatur
    Abstract: This paper studies the effects of a reform in Serbia that transferred business registration from regional courts to a centralized agency. Using administrative data, the analysis employs a difference-in-difference strategy that compares new firms before and after the reform across districts based on the level of distrust in regional courts. The results suggest that the reform increased the number of new firms more in regions with higher initial levels of distrust, by up to 34 percent. The reform also increased the survival rates of new firms. These effects are large compared to those of other types of registration reforms, suggesting that courts can pose significant barriers to new firm creation
    URL: Volltext  (Deutschlandweit zugänglich)
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