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  • Demirguc-Kunt, Asli  (53)
  • Christiaensen, Luc  (46)
  • Timilsina, Govinda R.  (37)
  • Washington, D.C : The World Bank  (136)
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  • 1
    Sprache: Englisch
    Seiten: 1 Online-Ressource (224 pages)
    Serie: Africa Development Forum
    Paralleltitel: Erscheint auch als
    Schlagwort(e): Employment Challenges ; Female Migrants ; Government ; Migration ; Urban Development ; Urban Markets
    Kurzfassung: Research on migration and urban development in Africa has primarily focused on larger cities and rural-to-urban migration. However, 97 percent of Africa's urban centers have fewer than 300,000 inhabitants, and a sizable share of urban migrants come from other urban areas. A more holistic and dynamic perspective, incorporating migration flows along the full urban hierarchy, as well as urban-urban migrants, is needed to better understand and leverage migration for urban development. Migrants, Markets, and Mayors: Rising above the Employment Challenge in Africa's Secondary Cities draws on demographic data, research literature, key informant interviews, and empirical research to better understand how migrants in Africa's secondary cities fare in urban labor markets, how they affect aggregate urban productivity, and how mayors can leverage migrants' potential to the benefit of all. It explores these questions across countries and four urban case settings: Jijiga in Ethiopia, Jinja in Uganda, and Jendouba and Kairouan in Tunisia. Although mayors in secondary cities often see migrants as a burden to their cities' labor markets and a threat to development, the report finds that migrants contribute increasingly less to urban population growth and that they usually strengthen the resident labor force. The report also finds that labor market outcomes for migrants are at least as good as those for nonmigrants. Africa's secondary cities are well placed to leverage migration, but evidence-based policies are needed to manage the growth and development of land and labor markets. The report reviews policy options that mayors can take to strengthen the financial, technical, and planning capacity of secondary cities and better leverage migration to benefit migrants and nonmigrants alike. "Much of the literature on migration to cities examines migration in a nonspatial fashion or focuses on rural-urban migration to the largest, most visible cities. This volume fills a gap by focusing on migration to secondary cities, coming up with a compelling set of facts. Overall, the volume is very well done and sets a benchmark for future research." J. Vernon Henderson, School Professor of Economic Geography, London School of Economics
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  • 2
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource (59 pages)
    Paralleltitel: Erscheint auch als Aihounton, Ghislain Does Agricultural Intensification Pay?
    Schlagwort(e): Agriculture ; Farm Performance ; Food Security ; Intensification ; Rice Farmers ; Rural Transformaiton ; Rural Transformation ; Smallholder Labor Productivity ; Specialization
    Kurzfassung: Modern inputs and mechanization are promoted across Africa to raise smallholder labor productivity and broker the structural transformation. Yet, adoption has remained low and the implications for returns to labor and labor allocation remain poorly understood. This paper explores the effects of different intensification packages on farm performance, market orientation, and food security using data from lowland rice farmers in Cote d'Ivoire. Employing a multinomial treatment effect model, the findings reveal that intensification increases land and labor productivity, especially when agro-chemicals and mechanized land preparation are combined. Returns to labor double to triple, inducing specialization and greater market orientation as well as greater food security, while productively releasing agricultural labor for other activities. Labor in agriculture becomes more waged. The gender balance remains the same. Child labor input does not decrease. The findings call for greater attention to labor productivity and confirm that agricultural intensification can pay and enhance rural transformation
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  • 3
    Sprache: Englisch
    Seiten: 1 Online-Ressource (42 pages)
    Paralleltitel: Erscheint auch als Dato, Prudence Who should Drive Green Technology Transitions in Developing Countries: State-Owned Enterprises versus Private Firms
    Schlagwort(e): Climate Change Mitigation and Green House Gases ; Competitiveness and Competition Policy ; Emissions Policy ; Emissions Tax ; Environment ; Environmental Economics ; Environmental Economics and Policies ; Green Technology ; Green Technology Research ; Imperfect Competition ; Innovation ; Local Adaptation ; Private Sector Development ; Public Firms ; State-Owned Enterprises
    Kurzfassung: Green technologies, such as renewable energy, often require adaptation to local conditions, such as high humidity, high altitudes or the specifics of a country's infrastructure, to achieve a maximal technical efficiency and a long lifetime of investments. This poses a problem for green technology transitions, as adaptations usually imply protected intellectual property rights and thus market imperfections that can lead to higher prices and thereby a lower uptake of the green technology. An alternative could be to use state-owned enterprises to adapt and promote green technologies, such as public utilities, which are more easily steered toward pursuing societal objectives. However, many empirical studies find state-owned enterprises to be less efficient. This theoretical contribution investigates the question whether a green technology transition that requires research and development is better driven by private firms or state-owned enterprises. The paper adapts a model to this setting, derives possible market outcomes from this model, investigates research and development and production decisions of private firms and a state-owned enterprise, and compares the welfare implications of the two options. The results show that there are cases where the cost inefficiency of the state-owned enterprise dominates (for example, if competition of directly importing firms reduces possible markups of private innovating firms), but also cases where a state-owned enterprise is the preferred choice (for example, if several private firms would adapt the technology, causing over-innovation). Most importantly, this is not solely a question of comparing costs, but rather of comparing market outcomes. For example, the use of a state-owned enterprise can avoid the often found problem of overinvestment in research and development by private firms and, in many cases, a state-owned enterprise will induce a wider diffusion of the green technology
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  • 4
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource (31 pages)
    Paralleltitel: Erscheint auch als Bruhn, Miriam Government Support and Firm Performance during COVID-19
    Schlagwort(e): Covid-19 ; Disease Control and Prevention ; Employment ; Government ; Health, Nutrition and Population ; Pandemic ; Private Sector Development ; Private Sector Economics ; Social Protections and Labor
    Kurzfassung: This paper assesses the medium-run effects of government support to firms during the COVID-19 crisis and whether the effectiveness of this support varied with its timing. Using data from three rounds of the World Bank's Enterprise Surveys COVID-19 Follow-up Surveys carried out between May 2020 and April 2022, it relates government support in Round 1 (received in the first half of 2020) and Round 2 (received during the second half of 2020 or early 2021) with firm performance in Round 3 (generally mid-2021). Controlling for a host of background characteristics, firms that received support in Round 1 performed better in terms of Round 3 sales, but only if they did not have continued support. Firms that also received support in Round 2 had similar Round 3 sales as those that received no support and were more likely to decrease employment. Firms that received government support only in Round 2 experienced no boost in Round 3 performance. The findings suggest that government support should be provided promptly, but it should also be phased out quickly
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  • 5
    Sprache: Englisch
    Seiten: 1 Online-Ressource (40 pages)
    Paralleltitel: Erscheint auch als Timilsina, Govinda R Distributional Effects of Carbon Tax in Ethiopia: A Computable General Equilibrium Analysis
    Schlagwort(e): Carbon Policy and Trading ; Carbon Tax Revenue Distribution ; Climate Change ; Distributional Impact ; Environment ; GDP Reduction ; General Equilibrium Model ; Paris Climate Agreement ; Progressive Tax
    Kurzfassung: Developing countries are increasingly giving attention to carbon pricing to reduce their emissions, particularly in meeting their nationally determined contribution under the Paris Climate Agreement. However, they would like to understand the potential economic, distributional, and environmental impacts of carbon pricing policies before they consider implementation. Using a computable general equilibrium model of Ethiopia, this study examines the effects of a hypothetical carbon tax (USD 20/total carbon dioxide) under several alternative schemes to recycle carbon tax revenue to the economy. The study finds that a carbon tax would be regressive in all schemes considered except those when the tax revenue is recycled, as a cash transfer, to household income groups either equally or inversely proportional to their incomes. The schemes that make the carbon tax progressive also cause a higher reduction of carbon dioxide emissions, thereby ensuring the alignment of equity and environmental outcomes of the carbon tax. However, these schemes are not necessarily economically efficient because they cause higher reductions of gross domestic product compared to other options considered
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  • 6
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Other Social Protection Study
    Schlagwort(e): Agri-Food Jobs ; Agricultural Pollution ; Agriculture Employment ; Employment and Unemployment ; Environment ; Food and Beverage Industry ; Food and Nutrition Policy ; Food Industry ; Food Industry Pollution ; Green Issues ; Green Transition Jobs ; Health, Nutrition and Population ; Industry ; Poverty Reduction ; Social Protections and Labor ; Youth Employment
    Kurzfassung: The agri-food system (AFS) employs about one third of the global workforce and contributes about one third of global greenhouse gas (GHG) emissions. This together with its large exposure to the effects of climate change and environmental degradation makes what happens in AFS central to the green transition and its implications for jobs and the structural transformation. Microeconomic evidence suggests that the adoption of climate smart agricultural practices will increase labor requirements, at least in the short run and at lower levels of incomes, when its mechanization is still limited. Econometric macro-model-based simulations suggest however that especially substantial investment in climate friendly agricultural R and D as well as soil and water preserving practices and market integration will more than offset the negative effects of climate change and even accelerate the structural transformation, especially in Sub Saharan Africa. Overall, the findings underscore the tremendous potential of increasing agricultural and climate friendly R and D investment for brokering an environmentally sustainable structural transformation. Repurposing of agriculture's current USD 638 billion support package towards supporting more climate friendly practices, including to overcome the time lag between the moment of investment and the realization of the benefits, provides an important policy entry point
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  • 7
    Sprache: Englisch
    Seiten: 1 Online-Ressource (40 pages)
    Paralleltitel: Erscheint auch als Demirguc-Kunt, Asli Protect Incomes or Protect Jobs? The Role of Social Policies in Post-Pandemic Recovery
    Schlagwort(e): Cash Transfers ; Economic Intervention Effectiveness ; Employment and Unemployment ; Job Protection Measures ; Job Retention ; Labor Market Policy ; Labor Markets ; Labor Policies ; Pandemic Stimulus Effectiveness ; Post-Pandemic Economic Recovery ; Social Protection ; Social Protections and Labor ; Unemployment Insurance
    Kurzfassung: This paper examines the effectiveness of income protection and job protection policies for the post-pandemic economic recovery of the second half of 2020 through 2021. The paper is based on a new data set of the budgets of social protection programs implemented as a part of the pandemic stimulus package in 154 countries. The empirical analysis shows that, in the short run, higher expenditure on job protection measures is associated with more robust gross domestic product growth, increased employment, and decreased inactivity and poverty rates compared to the expansion of income protection programs. Both policies had a significant economic impact only in countries with weaker pre-pandemic social insurance systems. In countries with broader coverage of the social insurance system, the income and job protection programs appear to have had a limited impact on post-pandemic recovery. Because the structural economic changes induced by the pandemic are expected to materialize fully in several years, more research is needed to understand the longer-term effects of job protection and income protection policies on labor markets and economic recovery
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  • 8
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Other papers
    Schlagwort(e): Coal and Lignite ; Employment and Unemployment ; Energy ; Environment ; Green Issues ; Labor Market ; Poverty Reduction ; Social Protections and Labor
    Kurzfassung: Part of a three-region set of papers analyzing coal-related labor market challenges in Poland, this paper focuses on Silesia. The findings call for a more territorial-oriented approach to brokering the coal transition, rather than a sectoral one. First, the number of jobs directly linked to coal-mining in Silesia is substantial, with 72,000 employees in the mining conglomerates, and an additional 17,000 providing goods and services to the mines. Second, coal-related employment is heavily concentrated geographically: as much as 40 percent of the population of Bierunsko-Iedzinski is employed directly and indirectly in the mining sector, and 80 percent of the mining conglomerates' contract value goes to subcontractors within a 20km radius of the mines. Third, the coal sector is highly integrated among a few large firms: 28 percent of the indirect workforce is employed by 10 subcontractors. Fourth, workers in the mining conglomerates have lower foundational (but better technical) skills than their regional and national counterparts, especially those with lower education. Finally, while eager to work, discrete choice experiments about their job attribute preferences show that they are averse to both, commuting and relocating for work, even though less so than in Wielkopolska, yet more so that in Lower Silesia, the two other regions. Together this suggests that there are important welfare and political economic benefits to adequate job creation locally. The paper further advances a data-driven viable-job-matching tool specifically tailored to the Polish labor market and illustrates how it could be used to assess the potential of local labor markets and future investments to absorb the coal-affected workers accounting for their skills profile, re/upskilling needs, and job attribute preferences
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  • 9
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Other papers
    Schlagwort(e): Climate Change Economics ; Climate Change Impacts ; Employment and Unemployment ; Environment ; Macroeconomics and Economic Growth ; Poverty Reduction ; Social Aspects of Climate Change ; Social Development ; Social Protections and Labor
    Kurzfassung: Part of a three-region set of papers analyzing coal-related labor market challenges in Poland, this paper focuses on Lower Silesia. The findings call for a more territorial-oriented approach to brokering the coal transition, rather than a sectoral one. First, while the number of people directly and indirectly affected by coal mine closures in Lower Silesia (~5,500) is relatively small compared to the total regional labor force (lessthan1%), affected workers are heavily concentrated geographically. Second, workers in heavily affected municipalities have lower foundational (but better technical) skills than their regional and national counterparts, and already operate in lagging local economies. Third, while eager to work, discrete choice experiments about their job attribute preferences show that they are averse to both, commuting and relocating for work, even though less so than in Silesia and Wielkopolska, the two other regions. Together this suggests that there are important welfare and political economic benefits to adequate job creation locally. The paper further advances a data-driven viable-job-matching tool specifically tailored to the Polish labor market and illustrates how it could be used to assess the potential of local labor markets and future investments to absorb the coal-affected workers accounting for their skills profile, re/upskilling needs and job attribute preferences
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  • 10
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Other papers
    Schlagwort(e): Agriculture ; Employment and Unemployment ; Food Security ; Labor Markets ; Rural Development ; Rural Labor Markets ; Social Protections and Labor
    Kurzfassung: Africa's rural population continues to expand rapidly and labor productivity in agriculture and many rural off farm activities remains low. This paper uses the lens of a dual economy and the associated patterns of agricultural, rural, and structural transformation to review the evolution of Africa's rural employment and its inclusiveness. Many African countries still find themselves in an early stage of the agricultural and rural transformation. Given smaller sectoral productivity gaps than commonly assumed, greater size effects and larger spillovers, investment in agriculture and the rural off-farm economy remains warranted to broker the transition to more and more productive rural employment. The key policy questions thus become how best to invest in the agri-food system (on and increasingly also off the farm) and how best to generate demand for nonagricultural goods and services which rural households can competitively produce. Informing these choices continues to present a major research agenda, with digitization, the imperative of greening and intra-African liberalization raising many unarticulated and undocumented opportunities and challenges
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  • 11
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Other papers
    Schlagwort(e): Coal ; Coal and Lignite ; Employment and Unemployment ; Energy ; Energy Sector ; Poverty Reduction ; Social Protections and Labor
    Kurzfassung: Part of a three-region set of papers analyzing coal-related labor market challenges in Poland, this paper focuses on Wielkopolska, which is most advanced in the transition out of coal. Finding viable job transitions is of enormous importance. The findings call for a more territorial-oriented approach to brokering the coal transition, rather than a sectoral one. First, even though limited from a regional perspective (4,000 workers), affected jobs are highly concentrated in a few already lagging and depopulating municipalities. Second, while coal-related workers are similarly skilled as other workers in Wielkopolska, non-coal related workers in the at-risk municipalities are substantially less skilled, exposing them to potential displacement effects. Finally, while ready to work and to be re-skilled, discrete choice experiments about their job attribute preferences show that all workers are averse both to commuting and relocating for work, even more so than in Silesia and Lower Silesia. Complementary social protection and employment support will be needed, and the paper suggests some policy options based on international experience. The paper concludes by illustrating how a big-data driven job-matching tool, calibrated on the Polish labor market, could be used to assist caseworkers in identifying "viable-job-transition-pathways" for affected workers as well as to help policymakers identify reskilling needs and attract investments
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  • 12
    ISBN: 9781464818974
    Sprache: Englisch
    Seiten: 1 Online-Ressource (202 pages)
    Paralleltitel: Erscheint auch als
    Kurzfassung: The fourth edition of Global Findex--the world's most comprehensive database on financial inclusion--offers a lens into how people accessed and used financial services during COVID-19, when mobility restrictions and health policies drove increased demand for digital services of all kinds. Published every three years since 2011, Findex is the only global demand-side data source allowing for global and regional cross-country analysis to provide a rigorous and multidimensional picture of how adults save, borrow, make payments, and manage financial risks. Findex 2021 data were collected from national representative surveys of about 130,000 adults in more than 120 economies. The latest edition includes new series measuring financial health and resilience and contains more granular data on digital payments adoption, including merchant and government payments. The Global Findex is an indispensable resource for financial service practitioners, policy makers, researchers, and development professionals--
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  • 13
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource (48 pages)
    Paralleltitel: Erscheint auch als Timilsina, Govinda R Why do Indian States Differ in Their Infrastructure Development?
    Schlagwort(e): Determinants, Infrasturcture Investment ; Government Expenditure ; Infrastructure Development ; Infrastructure Economics and Finance ; Infrastructure Expenditure
    Kurzfassung: The literature suggests that one of the main factors behind the interstate inequality in economic development in India is the variation in the level of infrastructure development. However, unequal infrastructure development across the Indian States is less understood. This study empirically analyzes various factors (economic, fiscal, demographic, social, institutional, and political) to explain interstate infrastructure inequality using a panel data set for 18 states in India between 2004 and 2020. Employing the principal component analysis technique, three separate infrastructure indices are developed for physical, social, and financial infrastructures. The relationship of each index with its explanatory variables is estimated using System Generalized Method of Moments. The results show that economic factors? including economic performance, financial development, investment, and economic structure?are more influential on physical infrastructure. For social infrastructure, in addition to economic factors, fiscal and demographic factors are more influential. Meanwhile, economic and demographic factors are found to drive financial infrastructure. Financial development fosters physical infrastructure, while its impact on social infrastructure is weak
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  • 14
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource (35 pages)
    Paralleltitel: Erscheint auch als Demirguc-Kunt, Asli Global Bank Lending under Climate Policy
    Schlagwort(e): Carbon Emmision Reduction Policy ; Climate Change ; Climate Change Economics ; Climate Change Mitigation and Green House Gases ; Climate Change Policy and Regulation ; Climate Policy Index ; Environment ; Environmental Performance ; Foreign Subsidiary Banks ; Global Banks Environmental Performance ; Green Capital Investment ; Macroeconomics and Economic Growth ; Public Sector Development
    Kurzfassung: What is the response of bank foreign subsidiaries to climate policy in their host countries This paper finds that global banks with high environmental performance increase their presence in countries after local authorities strengthen their climate-related actions. Through their foreign subsidiaries, these banks expand their credit by 4.6 percent following an increase of one-standard deviation in the host country's climate policy index. Importantly, the paper does not find evidence that banks with low environmental scores exit in response to climate initiatives. The findings show that strengthening climate policy might be a win-win strategy for policymakers in addition to addressing carbon emission reduction, climate-related initiatives also appear to attract foreign capital from lenders with strong preferences for green assets
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  • 15
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource (41 pages)
    Paralleltitel: Erscheint auch als Print Version: Demirguc-Kunt, Asli Effects of Public Sector Wages on Corruption: Wage Inequality Matters
    Kurzfassung: The paper uses a new country-level, panel data set to study the effect of public sector wages on corruption. The results show that wage inequality in the public sector is an important determinant of the effectiveness of anti-corruption policies. Increasing the wages of public officials could help reduce corruption in countries with low public sector wage inequality. In countries where public sector wages are highly unequal, however, raising the wages of government employees could increase corruption. These results are robust to a wide range of empirical model specifications, estimation methods, and distributional assumptions. The relation persists when controlling for latent omitted variables, using the share of contracts in the private sector as an instrument for the public-private wage differential. Combining increases in public sector wages with policies affecting the wage distribution could help policy makers design cost-effective programs to reduce corruption in their countries
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  • 16
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource (32 pages)
    Paralleltitel: Erscheint auch als Print Version: Timilsina, Govinda R Economics of Distributed Photovoltaics: An Illustration from Bangladesh
    Kurzfassung: Distributed photovoltaics are a growing technology for grid electricity consumers in low- and middle-income countries due to declining costs and government support. In Bangladesh, distributed photovoltaics iare part of broader solar and consumer programs. This study analyzes the economics of stylized grid-connected residential, commercial, and industrial distributed photovoltaics in Bangladesh, considering a year of hourly patterns of solar irradiation and electricity exchanges between the distributed photovoltaics owners and the electricity utilities. The economics vary between different stakeholders-distributed photovoltaics owners, electricity utilities, and society. From the consumers' perspective, the study finds that the economics of distributed photovoltaics depends on the difference in electricity production costs between the distributed photovoltaics and the electricity utility, transmission and distribution loss, and feed-in arrangements. The study also reveals that a distributed photovoltaics do not necessarily cause loss to the national electricity utility if they replaces expensive oil-fired generation. From a national or societal perspective, distributed photovoltaics are beneficial even if their positive environmental effects are not taken into account. The environmental benefits further improve the economics of distributed photovoltaics
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  • 17
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource (84 pages)
    Paralleltitel: Erscheint auch als Print Version: Berger, Allen N Banking Research in the Time of COVID-19
    Schlagwort(e): Bailouts ; Banking Sector ; Bankruptcy and Resolution of Financial Distress ; Business Cycles and Stabilization Policies ; Capital Markets and Capital Flows ; Coronavirus ; COVID-19 ; Disease Control and Prevention ; Finance and Financial Sector Development ; Financial Crises ; Financial Regulation and Supervision ; Global Financial Crisis ; Health, Nutrition and Population ; Macroeconomics and Economic Growth ; Tarp
    Kurzfassung: Despite the devastating worldwide human and economic tolls of the COVID-19 crisis, it has created some positive economic and financial surprises and opportunities for research. This paper highlights two such favorable surprises -the shortest U.S. recession on record and the avoidance of any banking crisis-and a number of research opportunities. The paper ties the "economic surprise" of the short recession to the speed and size of U.S. stimulus programs during COVID-19-faster and larger than for the Global Financial Crisis (GFC). It connects the "financial surprise" of the resilient banking sector to prudential policies put in place during and after the GFC that fortified U.S. banks prior to COVID-19. These twin "surprises" are also mutually reinforcing-if either the economy or banking system had failed, so would the other. The paper also reviews extant COVID-19 banking research and suggests paths for future research. It recommends that particular attention be paid to research outside of the U.S.-where fewer favorable "surprises" may be present-as the best way to advance knowledge in this area
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  • 18
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Other papers
    Schlagwort(e): Employment and Unemployment ; Labor Markets ; Labor Mobility ; Poverty Reduction ; Social Protections and Labor ; Urban Development ; Urban Economic Development ; Urban Governance and Management ; Urban Labor Market ; Urbanization
    Kurzfassung: In our rapidly urbanizing world, mayors often see migrants as a burden to their city's labor market and a threat to its development. Drawing on national household surveys and four secondary city case studies in Africa, this study finds that migrants, being younger, better educated and/or complementary to the resident labor force, usually strengthen the urban labor force. In secondary cities, labor market outcomes for migrants are at least as good as those for residents. Migrants also contribute increasingly less to urban population growth. Secondary cities thus appear well placed to leverage migration. This requires good urban management that develops land and labor markets, prepares for growth and benefits everyone, migrants as well as residents. Migrant specific interventions are warranted when divisions between natives and migrants are deep. Strengthening the financial, technical, and planning capacity of towns to better integrate migrants is part and parcel of the good job's agenda
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  • 19
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource (66 pages)
    Paralleltitel: Erscheint auch als Print Version: Schneider, Kate Assessing the Affordability of Nutrient-Adequate Diets
    Schlagwort(e): Agriculture ; Diet Cost ; Food Affordability ; Food and Nutrition Policy ; Food Price ; Food Security ; Health, Nutrition and Population ; Meal Sharing ; Nutrient Adequacy ; Nutrition ; Poverty and Health ; Poverty Reduction
    Kurzfassung: The affordability of nutritious diets is increasingly used as a metric of how well a food system provides access to nutritious diets for all. Recent work on least-cost diets has focused on individuals, while most food and anti-poverty programs and policies target the household level. Members within households have differing nutritional needs, presenting the methodological question: how should the cost of nutritious diets be estimated at the household level This study develops bounds on the cost, affordability, and seasonal variation of least-cost diets for whole households, illustrated with the example of Malawi. When intrahousehold sharing is not possible to observe, the bounded approach provides insights into the range of the cost and affordability, and the extent to which the cost may vary seasonally. The results reveal that when meals are shared, ignoring demographic diversity within households greatly underestimates the affordability of adequate diets
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  • 20
    Sprache: Englisch
    Seiten: 1 Online-Ressource (40 pages)
    Paralleltitel: Erscheint auch als Print Version: Cattaneo, Andrea Economic and Social Development along the Urban-Rural Continuum: New Opportunities to Inform Policy
    Schlagwort(e): Access To Education ; Access To Health Services ; Communities and Human Settlements ; National Urban Development Policies and Strategies ; Peri-Urban ; Peri-Urban Communities ; Poverty Analysis ; Rural Urban Linkages ; Rural-Urban Linkage ; Territorial Development ; Urban Development ; Urban Economic Development
    Kurzfassung: The economic and social development of nations relies on their population having physical access to services and employment opportunities. For the vast majority of the 3.4 billion people living in rural locations, this largely depends on their access to urban centers of different sizes. Similarly, urban centers depend on their rural hinterlands. Building on the literature on functional areas/territories and the rural-urban continuum as well as insights from central place theory, this review paper advances the notion of catchment areas differentiated along an urban-to-rural continuum to capture these urban-rural interconnections. It further shows how a new, publicly available data set operationalizing this concept can shed new light on policy making across a series of development fields, including institutions and governance, urbanization and food systems, welfare and poverty, and access to health and education services. Together the insights support a more geographically nuanced perspective on development
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  • 21
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource (42 pages)
    Paralleltitel: Erscheint auch als Print Version: Bruhn, Miriam Competition and Firm Recovery Post-COVID-19
    Schlagwort(e): Business Cycles and Stabilization Policies ; Competitiveness and Competition Policy ; Coronavirus ; COVID-19 ; Creative Destruction ; Disease Control and Prevention ; Economic Recovery ; Enterprise Survey ; Firm Competition ; Government Support ; Health, Nutrition and Population ; Macroeconomics and Economic Growth ; Pandemic Response ; Private Sector Development ; Private Sector Economics ; Productivity
    Kurzfassung: This paper examines the impact of the COVID-19 crisis on the reallocation of economic activity across firms, and whether this reallocation depends on the competition environment. The paper uses the World Bank's Enterprise Surveys COVID-19 Follow-up Surveys for about 8,000 firms in 23 emerging and developing countries in Europe and Central Asia, matched with 2019 Enterprise Surveys data. It finds that during the COVID-19 crisis, economic activity was reallocated toward firms with higher pre-crisis labor productivity. Countries with a strong competition environment experienced more reallocation from less productive to more productive firms than countries with a weak competition environment. The evidence also suggests that reallocation from low- to high-productivity firms during the COVID-19 crisis was stronger compared with pre-crisis times. Finally, the analysis shows that government support measures implemented in response to the crisis may have adverse effects on competition and productivity growth since support went to less productive and larger firms, regardless of their pre-crisis innovation
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  • 22
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Other papers
    Kurzfassung: As countries develop (and food saturation takes hold), agriculture's role as domestic employer declines. But the broader agri-food system (AFS) also expands, and the scope for agriculture-related job creation shifts beyond the farm. Historically, technological revolutions both have shaped and have been shaped by these dynamics. Today, a digital revolution is taking hold, affecting agricultural labor and skill demands. In this process, societies evolve from having a surplus to a shortage of domestic farm labor, typically met largely by foreign agricultural wage workers. Yet, anti-immigration sentiments are flying high in migrant-destination countries, and robots in the fields and packing plants offer an alternative. Agricultural trade may be similarly challenged. In the world's poorest countries, particularly in Africa, labor productivity in agriculture remains at historically low levels. So, what can the role of agriculture as a source of employment be in the future? This viewpoint elaborates on these trends and reviews a number of policy options, including inclusive value chain development, better immigration policies, social insurance schemes and ramp up in agricultural education and extension
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  • 23
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Other papers
    Kurzfassung: This report analyzes the consequences for the labor force of Western Macedonia's (Greece) decarbonization as part of Europe's new Green Deal. Already, the region records the highest unemployment rate of the country (27 percent in 2018). A survey of contractors suggests that about 16,000 jobs could potentially be affected by the closure of the mines (about 4,500 directly in coal and power production and another 11,000-11,500 indirectly supplying goods and services). It mainly concerns older and less educated, but medium-skilled workers. Many do not expect much of a future in Western Macedonia, with most of the better-skilled seeing themselves move to other regions. But much will also depend on the coal transition path chosen, including the timing and labor intensity of the power plant decommissioning and land reclamation plans, as well as those of the new alternative activities promoted. Timely consultations with the workers affected will also be critical
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  • 24
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Other papers
    Kurzfassung: A thriving region until the early 1990s, Slavonia, the eastern region of Croatia, has been confronted with stagnation and decline, ageing and outmigration as well as impoverishment ever since. This followed Croatia's homeland war of 1991-1995, with Slavonia one of the frontlines, economic restructuring of its state-led economy during the 1990s and 2000s and the global economic crisis of the late 2000s. More recently, after Croatia's EU accession in 2013 and coinciding with the economic upswing since 2014 in Croatia and the EU, Slavonia's labor market has started to tighten, with registered vacancies now exceeding the number of job seekers for highly educated as well as some unskilled and semi-skilled occupations. However, inactivity and unemployment remain high. In 2017, the share of the working-age population in work was only 51 percent, 10 percentage points below the rest of Croatia (61 percent) and 17 percentage points below the 2017 EU28 average. A legacy of war, limited availability of care services, and especially lower education levels explain an important part of Slavonia's much higher inactivity and unemployment. On the demand side, labor productivity in Slavonia's firms is systematically lower than in the rest of the country (except in agriculture and forestry), also consistent with Slavonia's sizeablewage gap. This, together with general disenchantment of the Slavonian population with the economicand business environment, has prompted outmigration. At the same time, a small number of firms alsooutperform their sectoral competitors elsewhere in Croatia, signaling Slavonia's potential.Looking ahead, private sector job creation remains a top priority, especially focusing on Slavonia's lower educated, who make up the bulk of the unemployed and inactive. This especially requires a reduction in the regulatory burden and an increase in Slavonian firms' competitiveness, which will also help to close the substantial wage gap with the rest of Croatia. Given the large share of its population in agriculture and forestry-related activities (close to 30 percent), Program Slavonia's current focus on agriculture and forestry is clearly warranted. With Slavonia's longstanding history and labor force experience in manufacturing and the rising number of vacancies in this sector, so is attention to manufacturing
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  • 25
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Other papers
    Kurzfassung: With an estimated 724 million extreme poor people living in developing countries, and the world's demographics bifurcating into an older north and a younger south, there are substantial economic incentives and benefits for people to migrate. There are also important market and regulatory failures that constrain mobility and reduce the net benefits of migration. This paper reviews the recent literature and proposes a conceptual framework to better integrate and coordinate policies for addressing the different market and regulatory failures. The paper advances five types of interventions in need of particular attention in terms of design, implementation and evaluation; namely, 1) active labor market programs that serve local, regional and foreign markets; 2) remittances and investment subsidies to promote job creation and labor productivity growth; 3) social insurance programs that cover all jobs and facilitate labor mobility; 4) labor taxes to internalize the social costs of migration in receiving regions; and 5) more flexible, private sector driven schemes to regulate the flow of migrants and minimize irregular migration
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  • 26
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    ISBN: 9781464812682
    Sprache: Englisch
    Seiten: 1 Online-Ressource (148 pages)
    Serie: World Bank E-Library Archive
    Paralleltitel: Erscheint auch als
    Kurzfassung: In 2011 the World Bank-with funding from the Bill and Melinda Gates Foundation-launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Incorporated, the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account-the unbanked-as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals.The database, the full text of the report, and the underlying country-level data for all figures-along with the questionnaire, the survey methodology, and other relevant materials-are available at www.worldbank.org/globalfindex
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  • 27
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Other papers
    Kurzfassung: This paper develops the concept of 'action space' as the range of possible destinations to which a migrant can realistically move at a given point in time and, intimately linked to this, the set of possible livelihoods at destination. It shows how this space expands and contracts over time through 'cumulative causation.' Such a dynamic framework allows for appreciating the role of secondary towns in rural-urban migration and poverty reduction. Secondary towns occupy a unique middle ground between semi-subsistence agriculture and the capitalistic city, between what is close by and familiar and what is much further away and unknown. By opening the horizons of the (poorer) rural population and facilitating navigation of the nonfarm economy, secondary towns allow a broader base of the poor population to become physically, economically, and socially mobile. Secondary towns therefore have great potential as vehicles for inclusive growth and poverty reduction in urbanizing developing countries. These are the insights emerging from the in-depth life history accounts of 75 purposively selected rural-urban migrants from rural Kagera, in Tanzania
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  • 28
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Bank E-Library Archive
    Serie: Other papers
    Kurzfassung: For a long time, the urbanization and development discourse has coincided with a focus on economic growth and big cities. Yet, much of the world's new urbanization is taking place in smaller urban entities (towns), and the composition of urbanization may well bear on the speed of poverty reduction. This paper reviews the latter question within the context of Tanzania. It starts from the observation that migration to towns contributed much more to poverty reduction than migration to cities because many more (poor) rural migrants ended up in Tanzania's towns than its cities, despite larger welfare gains from moving to the city. Drawing on the findings from a series of studies, looking at this from different angles (theoretical and empirical, quantitative and qualitative), the paper shows how towns are better at enabling the rural poor to access off-farm employment and exit poverty because they are more nearby. It concludes with a call for greater consideration of the role of towns in accelerating Africa's poverty reduction
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  • 29
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Other Social Protection Study
    Serie: World Bank E-Library Archive
    Kurzfassung: After a decade of crisis and stellar economic growth over the past five years, Cote d'Ivoire has now set its sight on becoming an emerging economy. Improving prospects for productive employment will be essential for socially sustainable growth and poverty reduction. The "Cote d'Ivoire Jobs Diagnostic: Employment, Productivity, and Inclusion for Poverty Reduction" report provides a comprehensive and multi-sectoral empirical analysis of employment challenges and opportunities to inform strategies and policy actions in Cote d'Ivoire. The report aims to expand policy discussions on employment from a focus on the number of jobs and unemployment to a broader attention on the quality, productivity and inclusiveness of jobs. It makes the case for a jobs strategy with a sharper poverty lens that would focus on raising labor productivity in agriculture and informal off-farm employment to foster structural transformation, while, in parallel, pursuing longer-term goals of expanding the thin formal sector
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 30
    Sprache: Englisch
    Seiten: 1 Online-Ressource (55 p)
    Serie: World Bank E-Library Archive
    Paralleltitel: Erscheint auch als Demirguc-Kunt, Asli Measuring the Effectiveness of Service Delivery: Delivery of Government Provided Goods and Services in India
    Kurzfassung: This paper uses new survey data to measure the government's capacity to deliver goods and services in a manner that includes: high coverage of the population; equal access; and high quality of service delivery. The paper finds variation in these indicators across and within Indian states. Overall: (i) access to government provided goods and services is low-about 60 percent of the surveyed population are unable to apply for goods and services they self-report needing; (ii) inequality in access is high-women and poor adults are more likely to report an inability to apply for goods and services they need; and (iii) less than a third of the respondents who did manage to apply for a government delivered good or service found the application process to be easy. Access can be improved by reducing application costs and processing times, simplifying the application process, and providing alternative channels to receive applications
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  • 31
    Sprache: Englisch
    Seiten: 1 Online-Ressource (27 p)
    Serie: World Bank E-Library Archive
    Paralleltitel: Erscheint auch als Demirguc-Kunt, Asli Financial Inclusion and Inclusive Growth: A Review of Recent Empirical Evidence
    Kurzfassung: There is growing evidence that appropriate financial services have substantial benefits for consumers, especially women and poor adults. This paper provides an overview of financial inclusion around the world and reviews the recent empirical evidence on how the use of financial products-such as payments services, savings accounts, loans, and insurance-can contribute to inclusive growth and economic development. This paper also discusses some of the challenges to achieving greater financial inclusion and directions for future research
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  • 32
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource (61 p)
    Serie: World Bank E-Library Archive
    Paralleltitel: Erscheint auch als Ayyagari, Meghana SME Finance
    Kurzfassung: This paper takes stock of the empirical evidence on the financing challenges faced by small and medium enterprises, especially in developing countries. The paper first discusses the institutional constraints that impede access to finance, including the lack of reliable credit information, lack of suitable collateral, and weak legal institutions. It next highlights firm heterogeneity among small and medium enterprises in accessing finance. The focus is on various policies and reforms that have been shown to be effective in improving access to credit for small and medium enterprises. The paper concludes by highlighting areas where new research could be effective
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  • 33
    Sprache: Englisch
    Seiten: 1 Online-Ressource (30 p)
    Serie: World Bank E-Library Archive
    Paralleltitel: Erscheint auch als Ingelaere, Bert Why Secondary Towns Can Be Important for Poverty Reduction - A Migrant's Perspective
    Kurzfassung: This paper develops the concept of "action space" as the range of possible destinations to which a migrant can realistically move at a given point in time and, intimately linked to this, the set of possible livelihoods at destination. It shows how this space expands and contracts over time through "cumulative causation." Such a dynamic framework allows for appreciating the role of secondary towns in rural-urban migration and poverty reduction. Secondary towns occupy a unique middle ground between semi-subsistence agriculture and the capitalistic city, between what is close by and familiar and what is much further away and unknown. By opening the horizons of the (poorer) rural population and facilitating navigation of the nonfarm economy, secondary towns allow a broader base of the poor population to become physically, economically, and socially mobile. Secondary towns therefore have great potential as vehicles for inclusive growth and poverty reduction in urbanizing developing countries. These are the insights emerging from the in-depth life history accounts of 75 purposively selected rural-urban migrants from rural Kagera, in Tanzania
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 34
    Sprache: Englisch
    Seiten: 1 Online-Ressource (24 p)
    Serie: World Bank E-Library Archive
    Paralleltitel: Erscheint auch als Barrett, Christopher B On the Structural Transformation of Rural Africa
    Kurzfassung: From 2000 to 2014, per capita gross domestic product in Sub-Saharan Africa increased by almost 35 percent in real terms, doubling in some countries. Such progress happened while agricultural productivity growth remained low in the aggregate, despite some bright spots, and poverty reduction was steady but discouragingly slow. This paper argues that ending extreme poverty will require structural change in agriculture, and in rural African economies more broadly. Drawing on a range of recent research, the paper outlines broad priority areas for policy actions to accelerate productivity and initiate structural change in the agriculture sector and the rural nonfarm economy
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  • 35
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    ISBN: 9781464809668
    Sprache: Französisch
    Seiten: Online-Ressource (1 online resource (184 p.))
    Ausgabe: Online-Ausg.
    Serie: World Bank E-Library Archive
    Paralleltitel: Druckausg.
    Schlagwort(e): French Translation ; Conflicts ; Inequality ; Poverty ; Chronic Poverty
    Kurzfassung: L'idee que l'on se fait de l'Afrique a radicalement change. Encore considere comme le continent des guerres, des famines et de la pauvrete chronique a la fin des annees 90, le continent africain est maintenant evoque sous l'angle de l'Afrique qui monte et du XXIe siecle africain. Deux decennies de croissance economique sans precedent devaient en principe ameliorer sensiblement le bien-etre des populations africaines. Il est toutefois difficile de dire si c'est effectivement le cas en raison de la mediocre qualite des donnees, de la nature du processus de croissance (s'agissant notamment du role des ressources naturelles), des conflits qui sevissent dans une partie la region et de la forte expansion demographique. Poverty in a Rising Africa decrit les problemes de donnees et analyse systematiquement les informations disponibles sur la pauvrete et les inegalites dans une perspective tant monetaire que non monetaire. Le premier chapitre evalue la disponibilite et la qualite des donnees necessaires pour cerner la pauvrete monetaire, examine les mecanismes de gouvernance et les processus politiques qui sous-tendent la production statistique et propose quelques methodes pour combler le deficit de donnees. Le chapitre 2 evalue la robustesse des estimations sur la pauvrete en Afrique et brosse a grands traits le profil de ce fleau. Selon les auteurs, la reduction de la pauvrete en Afrique est peut-etre legerement superieure a ce que les estimations traditionnelles portent a croire. Pour autant, meme les estimations les plus optimistes indiquent que davantage de personnes vivaient dans la pauvrete en 2012 qu'en 1990. Le troisieme chapitre considere la pauvrete dans une perspective elargie en prenant en compte les dimensions non monetaires du bien-etre, telles que l'education, la sante et la liberte, en utilisant la methode d'Amartya Sen (1985) axee sur les notions de capabilities et de functionings. Des progres ont certes ete accomplis dans plusieurs de ces domaines, mais les niveaux de resultats restent obstinement bas. Enfin, le chapitre 4 examine les donnees relatives aux inegalites en Afrique en analysant non seulement les types d'inegalites monetaires, mais aussi d'autres aspects tels que l'inegalite des chances, la mobilite intergenerationnelle dans le travail et l'education et l'extreme richesse
    Anmerkung: Description based on print version record
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  • 36
    Sprache: Englisch
    Seiten: 1 Online-Ressource (24 p)
    Serie: World Bank E-Library Archive
    Paralleltitel: Erscheint auch als Christiaensen, Luc Where to Create Jobs to Reduce Poverty: Cities Or Towns?
    Kurzfassung: Should public investment be targeted to big cities or to small towns, if the objective is to minimize national poverty? To answer this policy question, this paper extends the basic Todaro-type model of rural-urban migration to the case of migration from rural areas to two potential destinations, secondary town and big city. The analysis first derives the labor income, migration cost and poverty line conditions under which a poverty gradient from rural to town to city will exist as an equilibrium phenomenon. Then sufficient statistics are developed for the policy decisions based on these parameters. The empirical remit of the model is illustrated with long-running panel data from Kagera, Tanzania. Further, the paper shows that the structure of the sufficient statistics is maintained in the case where the model is generalized to introduce heterogeneous workers and jobs
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  • 37
    Sprache: Englisch
    Seiten: 1 Online-Ressource (32 p)
    Serie: World Bank E-Library Archive
    Paralleltitel: Erscheint auch als Demirguc-Kunt, Asli Making It Easier to Apply for a Bank Account: A Study of the Indian Market
    Kurzfassung: This paper draws on new individual-level survey data from India to study the costs of opening an account and the efficiency of the account application process. The data show a recent increase in account ownership, especially by women and poor adults. The data also suggest that India's flagship financial inclusion program, the Jan Dhan Yojana scheme, has made it easier to get an account, through lower costs and greater ease of applying. Yet despite the scheme's initial successes, people who wish to apply for an account continue to incur a range of costs. The survey results suggest several recommendations that could improve the account application process and increase ownership and usage of accounts
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  • 38
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource (42 p)
    Serie: World Bank E-Library Archive
    Paralleltitel: Erscheint auch als Timilsina, Govinda R The Nexus of Energy Supply and Human Health
    Kurzfassung: Uses of main primary energy resources, such as coal, oil, and solid biomass, are directly linked with adverse impacts on human health. Air pollution emitted from various activities in the energy supply chains is the main risk factor to human health, along with accidental and occupational risk exposures. Estimates of premature deaths are over four million per year for ambient air pollution (2015) and household or indoor air pollution (2012). More than 80 percent of the mortality from ambient air pollution emitted from the energy supply chains occurs in developing countries. The impact of household air pollution, mainly from traditional biomass used for cooking and space heating, disproportionately falls on women and children under age five years. Acute respiratory infections, mainly caused by household air pollution, are one of the largest categories of deaths (64 percent) of children under age five years in developing countries. These statistics indicate the deep nexus between the energy supply chain and human health. Yet, the negative implications for human health from energy use often receive inadequate consideration. It is critically important to take account of these human health impacts in developing energy supply plans and energy policies in developing countries
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  • 39
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource (28 p)
    Serie: World Bank E-Library Archive
    Paralleltitel: Erscheint auch als Christiaensen, Luc Agriculture in Africa - Telling Myths from Facts: A Synthesis
    Kurzfassung: Stylized facts drive research agendas and policy debates. Yet robust stylized facts are hard to come by, and when available, often outdated. In a special issue of Food Policy, 12 papers revisit conventional wisdom on African agriculture and its farmers' livelihoods using nationally representative surveys from the Living Standards Measurement Study-Integrated Surveys on Agriculture Initiative in six African countries. At times, the findings simply confirm the common understanding of the topic. But the studies also throw up several surprises, redirecting some policy debates while fine-tuning others. Overall, the project calls for more attention to checking and updating the common wisdom. This requires nationally representative data, and sufficient incentives among researchers and policy makers alike. Without well-grounded stylized facts, they can easily be profoundly misguided
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  • 40
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    ISBN: 9781464811371
    Sprache: Englisch
    Seiten: 1 Online-Ressource (190 p)
    Serie: Directions in Development - Agriculture and Rural Development
    Serie: World Bank E-Library Archive
    Paralleltitel: Erscheint auch als
    Kurzfassung: Stylized facts set agendas and shape debates. In rapidly changing and data scarce environments, they also risk being ill-informed, outdated and misleading. So, following higher food prices since the 2008 world food crisis, robust economic growth and rapid urbanization, and climatic change, is conventional wisdom about African agriculture and rural livelihoods still accurate? Or is it more akin to myth than fact? The essays in "Agriculture in Africa" Telling Myths from Facts? aim to set the record straight. They exploit newly gathered, nationally representative, geo-referenced information at the household and plot level, from six African countries. In these new Living Standard Measurement Study-Integrated Surveys on Agriculture, every aspect of farming and non-farming life is queried-from the plots farmers cultivate, the crops they grow, the harvest that is achieved, and the inputs they use, to all the other sources of income they rely on and the risks they face. Together the surveys cover more than 40 percent of the Sub-Saharan African population. In all, sixteen conventional wisdoms are examined, relating to four themes: the extent of farmer's engagement in input, factor and product markets; the role of off-farm activities; the technology and farming systems used; and the risk environment farmers face. Some striking surprises, in true myth-busting fashion, emerge. And a number of new issues are also thrown up. The studies bring a more refined, empirically grounded understanding of the complex reality of African agriculture. They also confirm that investing in regular, nationally representative data collection yields high social returns
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  • 41
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Other papers
    Serie: World Bank E-Library Archive
    Kurzfassung: Should public investment be targeted to big cities or to small towns, if the objective is to minimize national poverty? To answer this policy question the authors extend the basic Todaro-type model of rural-urban migration to the case of migration from rural areas to two potential destinations, secondary town and big city. The authors first derive labor income, migration cost and poverty line conditions under which a poverty gradient from rural to town to city will exist as an equilibrium phenomenon. The authors then develop sufficient statistics for the policy decisions based on these income parameters. The empirical remit of the model is illustrated with long running panel data from Kagera, Tanzania. Further, we show that the structure of the sufficient statistics is maintained in the case where the model is generalized to introduce heterogeneous workers and jobs
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  • 42
    Sprache: Englisch
    Seiten: 1 Online-Ressource (39 p)
    Serie: World Bank E-Library Archive
    Paralleltitel: Erscheint auch als Miller, Daniel C Prevalence, Economic Contribution, and Determinants of Trees on Farms across Sub-Saharan Africa
    Kurzfassung: Trees on farms are often overlooked in agricultural and natural resource research and policy in Sub-Saharan Africa. This paper addresses this gap using data from the Living Standards Measurement Study-Integrated Surveys on Agriculture in five countries: Ethiopia, Malawi, Nigeria, Tanzania, and Uganda. Trees on farms are widespread. On average, one third of rural smallholders grow trees. They account for an average of 17 percent of total annual gross income for tree-growing households and 6 percent for all rural households. Gender, land and labor endowments, and especially forest proximity and national context are key determinants of on-farm tree adoption and management. These new, national-scale insights on the prevalence, economic contribution and determinants of trees on farms in Africa lay the basis for exploring the interaction of agriculture, on-farm tree cultivation, and forestry. This will improve our understanding of rural livelihood dynamics
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  • 43
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource (108 p)
    Serie: World Bank E-Library Archive
    Paralleltitel: Erscheint auch als Cao, Jing Impacts of Carbon Pricing in Reducing the Carbon Intensity of China's GDP
    Kurzfassung: In contributing to global climate change mitigation efforts as agreed in Paris in 2015, China has set a target of reducing the carbon dioxide intensity of gross domestic product by 60-65 percent in 2030 compared with 2005 levels. Using a dynamic computable general equilibrium model of China, this study analyzes the economic and greenhouse gas impacts of meeting those targets through carbon pricing. The study finds that the trajectory of carbon prices to achieve the target depends on several factors, including how the carbon price changes over time and how carbon revenue is recycled to the economy. The study finds that carbon pricing that starts at a lower rate and gradually rises until it achieves the intensity target would be more efficient than a carbon price that remains constant over time. Using carbon revenue to cut existing distortionary taxes reduces the impact on the growth of gross domestic product relative to lump-sum redistribution. Recycling carbon revenue through subsidies to renewables and other low-carbon energy sources also can meet the targets, but the impact on the growth of gross domestic product is larger than with the other policies considered
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  • 44
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource (38 p)
    Serie: World Bank E-Library Archive
    Paralleltitel: Erscheint auch als Malla, Sunil Long-Term Energy Demand Forecasting in Romania : An End-Use Demand
    Kurzfassung: This study develops an end-use energy demand analysis model for Romania to project energy demand by sector and end-use for 2015–50. The study finds that Romania's energy demand in 2050 would be 34 percent higher than the level in 2013. The industry sector would be the largest final energy-consuming sector, surpassing the residential sector from 2025 onward. The services sector would exhibit the fastest growth of energy consumption in line with the expected structural change from manufacturing to services. Although population in the country is projected to drop by 7 percent in 2050 from the 2013 level, electricity demand would increase by 46 percent over the same period, because of increased household income and the expanded service sector, which is relatively electricity intensive. Still, per capita electricity consumption in Romania will be about half the European Union 28 average. At the end-use level, thermal processes in the industry sector, space heating in the residential and services sectors, and road transportation in the transport sector would be dominant throughout the study period. The study also shows that improvement of energy efficiency in the heating system would be the main channel to cut energy demand in the country
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  • 45
    Sprache: Englisch
    Seiten: 1 Online-Ressource (50 p)
    Serie: World Bank E-Library Archive
    Paralleltitel: Erscheint auch als Demirguc-Kunt, Asli How Does Long-Term Finance Affect Economic Volatility?
    Kurzfassung: This paper examines how the ability to access long-term debt affects firm-level growth volatility. The analysis finds that firms in industries with stronger preference to use long-term finance relative to short-term finance experience lower growth volatility in countries with better-developed financial systems, as these firms may benefit from reduced refinancing risk. Institutions that facilitate the availability of credit information and contract enforcement mitigate the refinancing risk and therefore growth volatility associated with short-term financing. Increased availability of long-term finance reduces growth volatility in crisis as well as non-crisis periods
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  • 46
    Sprache: Englisch
    Seiten: 1 Online-Ressource (63 p)
    Serie: World Bank E-Library Archive
    Paralleltitel: Erscheint auch als Cull, Robert The Microfinance Business Model: Enduring Subsidy and Modest Profit
    Kurzfassung: Recent evidence suggests only modest social and economic impacts of microfinance. Favorable cost-benefit ratios then depend on low costs. This paper uses proprietary data on 1,335 microfinance institutions between 2005 and 2009, jointly serving 80.1 million borrowers, to calculate the costs of microfinance and other elements of the microfinance business model. It calculates that on average, subsidies amounted to
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  • 47
    Sprache: Englisch
    Seiten: 1 Online-Ressource (44 p)
    Serie: World Bank E-Library Archive
    Paralleltitel: Erscheint auch als Gilbert, Christopher L Price Seasonality in Africa: Measurement and Extent
    Kurzfassung: Everyone knows about seasonality. But what exactly do we know? This study systematically measures seasonal price gaps at 193 markets for 13 food commodities in seven African countries. It shows that the commonly used dummy variable or moving average deviation methods to estimate the seasonal gap can yield substantial upward bias. This can be partially circumvented using trigonometric and sawtooth models, which are more parsimonious. Among staple crops, seasonality is highest for maize (33 percent on average) and lowest for rice (16½ percent). This is two and a half to three times larger than in the international reference markets. Seasonality varies substantially across market places, but maize is the only crop in which there are important systematic country effects. Malawi, where maize is the main staple, emerges as exhibiting the most acute seasonal differences. Reaching the Sustainable Development Goal of Zero Hunger requires renewed policy attention to seasonality in food prices and consumption
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  • 48
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource (34 p)
    Serie: World Bank E-Library Archive
    Paralleltitel: Erscheint auch als Christiaensen, Luc Secondary Towns and Poverty Reduction: Refocusing the Urbanization Agenda
    Kurzfassung: This review is framed around the exploration of a central hypothesis: A shift in public investment toward secondary towns from big cities will improve poverty reduction performance. Of course the hypothesis raises many questions. What exactly is the dichotomy of secondary towns versus big cities? What is the evidence for the contribution of secondary towns versus cities to poverty reduction? What are the economic mechanisms for such a differential contribution and how does policy interact with them? The review finds preliminary evidence and arguments in support of the hypothesis, but the impacts of policy on poverty are quite complex even in simple settings, and the question of secondary towns and poverty reduction is an open area for research and policy analysis
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  • 49
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource (43 p)
    Serie: World Bank E-Library Archive
    Paralleltitel: Erscheint auch als Demirguc-Kunt, Asli Saving for Old Age
    Kurzfassung: Countries around the world face a retirement crisis brought on by aging populations, declining birthrates, and fiscal shortfalls. As a result, policy makers increasingly seek to understand retirement savings patterns, a crucial component of the safety net for the elderly. Drawing on the 2014 Global Findex database, which provides individual-level data on the use of financial products in more than 140 countries, this paper examines how adults save for old age. It finds that about 25 percent of adults worldwide save for old age, with rates exceeding 35 percent in high-income Organisation for Economic Co-operation and Development economies and the East Asia and Pacific region. On average, men are slightly more likely than women to save for this purpose, but the gender gap is deeper in developing countries. Worldwide, saving for old age is more common among older adults, more educated adults, and adults who own accounts. Adults in countries with English legal origin, and with high savings rates, are also more likely to save for old age. The paper also finds that measures to increase trust in the financial system, such as the safety net/moral hazard index based on deposit insurance, lead to higher rates of saving for old age. Finally, the paper finds little evidence of substitution between pension system provisions and contribution rates with saving for old age
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  • 50
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource (34 p)
    Serie: World Bank E-Library Archive
    Paralleltitel: Erscheint auch als Timilsina, Govinda R The Economic Viability of Jatropha Biodiesel in Nepal
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  • 51
    Sprache: Englisch
    Seiten: 1 Online-Ressource (57 p)
    Serie: World Bank E-Library Archive
    Paralleltitel: Erscheint auch als Jamasb, Tooraj A Quarter Century Effort Yet to Come of Age: A Survey of Power Sector Reforms in Developing Countries
    Kurzfassung: Energy
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  • 52
    Sprache: Englisch
    Seiten: 1 Online-Ressource (83 p)
    Serie: World Bank E-Library Archive
    Paralleltitel: Erscheint auch als Ayyagari, Meghana What Determines Entrepreneurial Outcomes in Emerging Markets?
    Kurzfassung: Is it the institutions or firm characteristics at birth that shape startups and their early growth in developing countries? Using comprehensive data from the Indian Annual Survey of Industries this paper addresses this question by studying the early lifecycle of firms across diverse institutional environments of regions in India. It finds that the size and characteristics of a start-up at entry are persistent over the first eight years of a firm's life. However, given these initial conditions at entry, institutions do not have much explanatory power in determining growth. The comparative growth rates of large and small start-ups are not significantly different across states with different local institutions or industries with differing reliance on external finance or need for fixed capital. But institutions, particularly the availability of credit, do have an impact on the initial entry process. Access to external finance is associated with greater overall entry, and also smaller sized entry. The results do not appear to be driven by endogeneity of access to credit or sample selection. The results show that the channel through which institutions affect the relative outcomes of young firms is through the initial distribution of firm characteristics at entry rather than their effect on the performance of the firms post entry
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  • 53
    Sprache: Englisch
    Seiten: 1 Online-Ressource (36 p)
    Serie: World Bank E-Library Archive
    Paralleltitel: Erscheint auch als Palacios-Lopez, Amparo How Much of the Labor in African Agriculture is Provided by Women?
    Kurzfassung: Communities & Human Settlements
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  • 54
    Sprache: Englisch
    Seiten: 1 Online-Ressource (60 p)
    Serie: World Bank E-Library Archive
    Paralleltitel: Erscheint auch als Demirguc-Kunt, Asli The Impact of the Global Financial Crisis on Firms Capital Structure
    Kurzfassung: Using a data set covering about 277,000 firms across 79 countries over the period 2004-11, this paper examines the evolution of firms capital structure during the global financial crisis and its aftermath in 2010-11. The study finds that firm leverage and debt maturity declined in advanced economies and developing countries, even in countries that did not experience a crisis. The deleveraging and maturity reduction were particularly significant for privately held firms, including small and medium enterprises. For small and medium-size enterprises, these effects were larger in countries with less efficient legal systems, weaker information-sharing mechanisms, shallower banking systems, and more restrictions on bank entry. In contrast, there is weaker evidence of a significant decline of leverage and debt maturity among firms listed on a stock exchange, which are typically much larger than other firms and likely benefit from the "spare tire" of easier access to capital market financing
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  • 55
    Sprache: Englisch
    Seiten: 1 Online-Ressource (43 p)
    Serie: World Bank E-Library Archive
    Paralleltitel: Erscheint auch als Timilsina, Govinda R How Much Could South Asia Benefit from Regional Electricity Cooperation and Trade?
    Kurzfassung: The South Asia region is lagging behind many regions in the world in regional electricity cooperation and trading, despite the huge anticipated benefits. This study uses an electricity planning model that produces optimal expansion of electricity generation capacities and transmission interconnections in the long-term to quantify the benefits of unrestricted cross-border electricity trade in the South Asia during 2015-40. The study finds that the unrestricted electricity trade provision would save US
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  • 56
    Sprache: Englisch
    Seiten: 1 Online-Ressource (54 p)
    Serie: World Bank E-Library Archive
    Paralleltitel: Erscheint auch als Ayyagari, Meghana Are Large Firms Born or Made? Evidence from Developing Countries
    Kurzfassung: This paper uses survey data from 120 developing countries to compare the role of institutions with firm characteristics at the time of creation of the firm in explaining the size, growth, and productivity of firms over their lifecycle. The study finds that firm-level characteristics have comparable, and sometimes even larger, power than institutional factors in predicting size and growth, but not productivity. In particular, size at birth plays a key role in predicting variation in firm size and growth since birth over the firm lifecycle, whereas country factors dominate in predicting variation in labor productivity over the firm lifecycle. The study also finds that older firms are larger, partly because of the selection of more efficient firms. The findings point to the importance of initial founding conditions in explaining variations in size and growth over the firm lifecycle across countries
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  • 57
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource (19 p)
    Serie: World Bank E-Library Archive
    Paralleltitel: Erscheint auch als Landis, Florian The Economics of Policy Instruments to Stimulate Wind Power in Brazil
    Kurzfassung: Large-scale deployment of renewable energy technologies, such as wind power and solar energy, has been taking place in industrialized and developing economics mainly because of various fiscal and regulatory policies. An understanding of the economy-wide impacts of those policies is an important part of an overall analysis of them. Using a perfect foresight computable general equilibrium model, this study analyzes the economy-wide costs of achieving a 10 percent share of wind power in Brazil's electricity supply mix by 2030. Brazil is in the midst of an active program of wind capacity expansion. The welfare loss would be small, 0.1 percent of total baseline welfare in the absence of the 10 percent wind power expansion. The study also finds that, in the case of Brazil, production subsidies financed through increased value-added tax would have superior impacts on welfare and greenhouse gas mitigation, compared with a consumption mandate where electricity utilities are allowed to pass the increased electricity supply costs directly to consumers. These two policies would impact various production sectors differently to achieve the wind power expansion targets: the burden of the mandate falls mostly on electricity-intensive production and consumption, whereas the burden of the subsidy is distributed toward goods and services with higher value added
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  • 58
    Sprache: Englisch
    Seiten: 1 Online-Ressource (43 p)
    Serie: World Bank E-Library Archive
    Paralleltitel: Erscheint auch als Jedwab, Remi Demography, Urbanization and Development: Rural Push, Urban Pull and... Urban Push?
    Kurzfassung: Communities & Human Settlements
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 59
    Sprache: Englisch
    Seiten: 1 Online-Ressource (97 p)
    Serie: World Bank E-Library Archive
    Paralleltitel: Erscheint auch als Demirguc-Kunt, Asli The Global Findex Database 2014
    Kurzfassung: The Global Financial Inclusion (Global Findex) database, launched by the World Bank in 2011, provides comparable indicators showing how people around the world save, borrow, make payments, and manage risk. The 2014 edition of the database reveals that 62 percent of adults worldwide have an account at a bank or another type of financial institution or with a mobile money provider. Between 2011 and 2014, 700 million adults became account holders while the number of those without an account-the unbanked-dropped by 20 percent to 2 billion. What drove this increase in account ownership? A growth in account penetration of 13 percentage points in developing economies and innovations in technology-particularly mobile money, which is helping to rapidly expand access to financial services in Sub-Saharan Africa. Along with these gains, the data also show that big opportunities remain to increase financial inclusion, especially among women and poor people. Governments and the private sector can play a pivotal role by shifting the payment of wages and government transfers from cash into accounts. There are also large opportunities to spur greater use of accounts, allowing those who already have one to benefit more fully from financial inclusion. In developing economies 1.3 billion adults with an account pay utility bills in cash, and more than half a billion pay school fees in cash. Digitizing payments like these would enable account holders to make the payments in a way that is easier, more affordable, and more secure
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  • 60
    Sprache: Englisch
    Seiten: 1 Online-Ressource (37 p)
    Serie: World Bank E-Library Archive
    Paralleltitel: Erscheint auch als Kaminski, Jonathan Seasonality in Local Food Markets and Consumption: Evidence from Tanzania
    Kurzfassung: This paper revisits the extent of seasonality in African livelihoods. It uses 19 years of monthly food prices from 20 markets and three years of nationally representative household panel surveys from Tanzania. Trigonometric specifications are introduced to measure the seasonal gap. When samples are short and seasonality is poorly defined, they produce less upward bias than the common dummy variable approach. On average, the seasonal gap for maize prices is estimated to be 27 percent; it is 15 percent for rice. In both cases it is two and a half to three times higher than in the international reference market. Food price seasonality is not a major contributor to food price volatility, but it does translate into seasonal variation in caloric intake of about 10 percent among poor urban households and rural net food sellers. Rural net food-buying households appear able to smooth their consumption. The disappearance of seasonality from Africas development debate seems premature
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  • 61
    Sprache: Englisch
    Seiten: Online-Ressource (43 p)
    Ausgabe: 2014 World Bank eLibrary
    Paralleltitel: Kaminski, Jonathan The End of Seasonality?
    Kurzfassung: This paper revisits the extent of seasonality in African livelihoods, which has disappeared from Africa's development debate. Through econometric analysis of monthly food price series across 100 locations in three countries during 2000-12, it is shown that seasonal movements in maize wholesale prices explain 20 (Tanzania, Uganda) to 40 (Malawi) percent of their monthly volatility. Monthly maize peak prices are on average 30 (Tanzania, Uganda) to 50 (Malawi) percent higher than their monthly troughs and two to three times higher than the seasonal gaps observed for white maize at the South African Futures Exchange. Furthermore, household food consumption is found to inversely track food prices in each country, decreasing when staple prices increase and increasing when they decline. Clearly, (excess) seasonality in African food markets and consumption persists, necessitating policy attention
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  • 62
    Sprache: Englisch
    Seiten: Online-Ressource (37 p)
    Ausgabe: 2014 World Bank eLibrary
    Paralleltitel: Hochman, Gal Why Has Energy Efficiency Not Scaled-up in the Industrial and Commercial Sectors in Ukraine?
    Kurzfassung: Improvement of energy efficiency is one of the main options to reduce energy demand and to reduce greenhouse gas emissions in Ukraine. However, large-scale deployment of energy efficient technologies has been constrained by several financial, technical, information, behavioral, and institutional barriers. This study assesses these barriers through a survey of 500 industrial and commercial firms throughout Ukraine. The results from the survey were used in a cumulative multi-logit model to understand the importance of the barriers. The analysis shows that financial barriers caused by high upfront costs of energy efficient technologies, higher costs of finance, and higher opportunity costs of energy efficiency investment are key barriers to the adoption of energy efficiency measures in Ukraine. Institutional barriers particularly lack government policies, which also contributes to the slow adoption of energy efficient technologies in the country. The results suggest targeted policy and credit enhancements could help trigger adoption of energy efficient measures. The empirical analysis shows strong inter-linkages among the barriers and finds heterogeneity between industrial and commercial sectors on the realization of the barriers
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  • 63
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (42 p)
    Ausgabe: 2014 World Bank eLibrary
    Paralleltitel: Anginer, Deniz Bank Capital and Systemic Stability
    Kurzfassung: This paper distinguishes among various types of capital and examines their effect on system-wide fragility. The analysis finds that higher quality forms of capital reduce the systemic risk contribution of banks, whereas lower quality forms can have a destabilizing impact, particularly during crisis periods. The impact of capital on systemic risk is less pronounced for smaller banks, for banks located in countries with more generous safety nets, and in countries with institutions that allow for better public and private monitoring of financial institutions. The results show that regulatory capital is effective in reducing systemic risk and that regulatory risk weights are correlated with higher future asset volatility, but this relationship is significantly weaker for larger banks. The paper also finds that increased regulatory risk-weights not correlated with future asset volatility increase systemic fragility. Overall, the results are consistent with the theoretical literature that emphasizes capital as a potential buffer in absorbing liquidity, information, and economic shocks reducing contagious defaults
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  • 64
    Sprache: Englisch
    Seiten: Online-Ressource (29 p)
    Ausgabe: 2014 World Bank eLibrary
    Paralleltitel: Timilsina, Govinda R Economics of Transiting to Renewable Energy in Morocco
    Kurzfassung: Morocco has set an ambitious target of supplying 42 percent of electricity through renewable sources, 14 percent each through hydro, wind, and solar, by 2020. To analyze the economic and environmental implications of implementing this target, this study uses a dynamic computable general equilibrium model with foresight that includes explicit representation of various electricity generation technologies. Two types of policy instruments, a production subsidy financed through fossil fuel taxation and a renewable energy mandate financed through increased electricity prices, have been considered to attract investment in renewable energy. The study shows that meeting the renewable target would achieve up to 15 percent reduction of national greenhouse gas emissions in 2020 compared with a situation in the absence of the target, or the baseline. However, meeting the target would decrease household consumption of goods and services, thereby worsening household welfare. The study also shows that the renewable production subsidy financed through fossil fuel taxation is superior to the mandate policy to meet the renewable energy target in Morocco, as the former would cause a lower loss in economic welfare and a larger reduction of greenhouse gas emissions than the latter
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  • 65
    Sprache: Englisch
    Seiten: Online-Ressource (64 p)
    Ausgabe: 2014 World Bank eLibrary
    Paralleltitel: Ayyagari, Meghana Does Local Financial Development Matter for Firm Lifecycle in India?
    Kurzfassung: The differences in financial development across Indian states, while seeming substantial, have a minor effect on firm lifecycle and growth. These results hold controlling for differences in labor regulations across states, capital intensity, and for firms born before and after the major reforms. There is no evidence that firms in financially dependent industries have different lifecycle profiles or grow faster in financially developed states than underdeveloped states. Overall, firms in the formal manufacturing sector grow as they age whereas in the informal sector, firms have a declining lifecycle, but in both cases little evidence is found that financial institutions matter for firm lifecycle. The findings of this paper suggest that size and depth differences in financial development across Indian states are likely dwarfed by overall inefficiencies that characterize state-dominated financial systems, with important implications for the reforms of the Indian financial system going forward
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  • 66
    Sprache: Englisch
    Seiten: Online-Ressource (53 p)
    Ausgabe: 2014 World Bank eLibrary
    Paralleltitel: Anginer, Deniz Corporate Governance and Bank Insolvency Risk
    Kurzfassung: This paper finds that shareholder-friendly corporate governance is positively associated with bank insolvency risk, as proxied by the Z-score and the Merton's distance to default measure, for an international sample of banks over the 2004-08 period. Banks are special in that "good" corporate governance increases bank insolvency risk relatively more for banks that are large and located in countries with sound public finances, as banks aim to exploit the financial safety net. Good corporate governance is specifically associated with higher asset volatility, more nonperforming loans, and a lower tangible capital ratio. Furthermore, good corporate governance is associated with more bank risk-taking at times of rapid economic expansion. Consistent with increased risk-taking, good corporate governance is associated with a higher valuation of the implicit insurance provided by the financial safety net, especially in the case of large banks. These results underline the importance of the financial safety net and too-big-to-fail policies in encouraging excessive risk-taking by banks
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  • 67
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (34 p)
    Ausgabe: 2014 World Bank eLibrary
    Paralleltitel: Kaminski, Jonathan Post-Harvest Loss in Sub-Saharan Africa
    Kurzfassung: The 2007-2008 global food crisis has renewed interest in post-harvest loss, but estimates remain scarce, especially in Sub-Saharan Africa. This paper uses self-reported measures from nationally representative household surveys in Malawi, Uganda, and Tanzania. Overall, on-farm post-harvest loss adds to 1.4-5.9 percent of the national maize harvest, substantially lower than the Food and Agriculture Organization's post-harvest handling and storage loss estimate for cereals, which is 8 percent. Post-harvest loss is concentrated among less than a fifth of households. It increases with humidity and temperature and declines with better market access, post-primary education, higher seasonal price differences, and possibly improved storage practices. Wider use of nationally representative surveys in studying post-harvest loss is called for
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  • 68
    Sprache: Englisch
    Seiten: Online-Ressource (43 p)
    Ausgabe: 2013 World Bank eLibrary
    Paralleltitel: Christiaensen, Luc Poverty Reduction during the Rural-Urban Transformation
    Kurzfassung: As countries develop, they restructure away from agriculture and urbanize. But structural transformation and urbanization patterns differ substantially, with some countries fostering migration out of agriculture into rural off farm activities and secondary towns, and others undergoing rapid agglomeration in mega cities. Using cross-country panel data for developing countries spanning 1980-2004, the analysis in this paper finds that migration out of agriculture into the missing middle (the rural nonfarm economy and secondary towns) yields more inclusive growth patterns and faster poverty reduction than agglomeration in mega cities. This suggests that patterns of urbanization deserve much more attention when striving for faster poverty reduction
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  • 69
    Sprache: Englisch
    Seiten: Online-Ressource (77 p)
    Ausgabe: 2013 World Bank eLibrary
    Paralleltitel: Ayyagari, Meghana Size and Age of Establishments
    Kurzfassung: Survey data from 120 developing countries are used to examine the relation between establishment size and age in the formal sector. Existing research suggests that manufacturing establishments in developing countries do not grow over time, most likely because of market imperfections and regulations. To the contrary, this paper finds that the average plant in developing countries that is more than 40 years old employs almost five times as many workers as the average plant that is five years old or younger. The analysis finds consistent evidence when it looks within a large country, India, based on detailed manufacturing census data over 23 years. It also finds that differences in financial development across Indian states, while substantial, have a minor effect on firm growth, consistent with inefficiency of state-owned financial systems. These results hold controlling for differences in labor regulations across states, capital intensity, labor regulations, and firms born before and after the major reforms
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  • 70
    Sprache: Englisch
    Seiten: Online-Ressource (42 p)
    Ausgabe: 2013 World Bank eLibrary
    Paralleltitel: Mundaca, Luis Transaction Costs of Low-Carbon Technologies and Policies
    Kurzfassung: Transaction costs are major challenge to moving forward toward low-carbon economic growth, as new technologies or policies tend to have higher transaction costs compared with those in the business as usual situation. However, neither a well-developed theoretical foundation nor a consensus interpretation is available for those transaction costs in the existing literature. The definitions and therefore the estimations of transaction costs vary across existing studies. The wide variations in the estimates could be attributed to several factors such as the very definitions and scope of transaction costs considered in the studies, the methodology for quantifying these costs, the type and size of low-carbon technologies, and complexities involved in the transactions. Nevertheless, the existing literature converges on addressing market failures, such as lack of information, in developing regulatory and institutional capacity to enhance private sector confidence in energy efficiency business as a key means to help reduce the transaction costs of low-carbon technologies
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  • 71
    Sprache: Englisch
    Seiten: Online-Ressource (49 p)
    Ausgabe: 2013 World Bank eLibrary
    Paralleltitel: Anginer, Deniz How Does Corporate Governance Affect Bank Capitalization Strategies?
    Kurzfassung: This paper examines how corporate governance and executive compensation affected bank capitalization strategies for an international sample of banks in 2003-2011. "Good" corporate governance, which favors shareholder interests, is found to give rise to lower bank capitalization. Boards of intermediate size, separation of the chief executive officer and chairman roles, and an absence of anti-takeover provisions, in particular, lead to low bank capitalization. However, executive options and stock wealth invested in the bank are associated with better capitalization except just before the crisis in 2006. In that year, stock options wealth was associated with lower capitalization, which suggests that potential gains from taking on more bank risk outweighed the prospect of additional loss. Banks' tendencies to continue payouts to shareholders after experiencing negative income shocks are shown to reflect executive risk-taking incentives
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  • 72
    Sprache: Englisch
    Seiten: Online-Ressource (45 p)
    Ausgabe: 2013 World Bank eLibrary
    Paralleltitel: Demirguc-Kunt, Asli Islamic Finance and Financial Inclusion
    Kurzfassung: In recent years, the Islamic finance industry has attracted the attention of policy makers and international donors as a possible channel through which to expand financial inclusion, particularly among Muslim adults. Yet cross-country, demand-side data on actual usage and preference gaps in financial services between Muslims and non-Muslims have been scarce. This paper uses novel data to explore the use of and demand for formal financial services among self-identified Muslim adults. In a sample of more than 65,000 adults from 64 economies (excluding countries where less than 1 percent or more than 99 percent of the sample self-identified as Muslim), the analysis finds that Muslims are significantly less likely than non-Muslims to own a formal account or save at a formal financial institution after controlling for other individual- and country-level characteristics. But the analysis finds no evidence that Muslims are less likely than non-Muslims to report formal or informal borrowing. Finally, in an extended survey of adults in five North African and Middle Eastern countries with relatively nascent Islamic finance industries, the study finds little use of Sharia-compliant banking products, although it does find evidence of a hypothetical preference for Sharia-compliant products among a plurality of respondents despite higher costs
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  • 73
    Sprache: Englisch
    Seiten: Online-Ressource (37 p)
    Ausgabe: 2013 World Bank eLibrary
    Paralleltitel: Christiaensen, Luc Urbanization and Poverty Reduction
    Schlagwort(e): Armutsbekämpfung ; Stadtentwicklung ; Stadt-Land-Beziehungen ; Ländliche Wirtschaft ; Wirtschaftliche Anpassung ; Urbanisierung ; Tansania
    Kurzfassung: A rather unique panel tracking more than 3,300 individuals from households in rural Kagera, Tanzania during 1991/4-2010 shows that about one in two individuals/households who exited poverty did so by transitioning from agriculture into the rural nonfarm economy or secondary towns. Only one in seven exited poverty by migrating to a large city, although those moving to a city experienced on average faster consumption growth. Further analysis of a much larger cross-country panel of 51 developing countries cannot reject that rural diversification and secondary town development lead to more inclusive growth patterns than metropolitization. Indications are that this follows because more of the poor find their way to the rural nonfarm economy and secondary towns, than to distant cities. The development discourse would benefit from shifting beyond the rural-urban dichotomy and focusing instead more on how best to urbanize and develop the rural nonfarm economy and secondary towns
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  • 74
    Sprache: Englisch
    Seiten: Online-Ressource (47 p)
    Ausgabe: 2013 World Bank eLibrary
    Paralleltitel: Demirguc-Kunt, Asli Financial Inclusion and Legal Discrimination against Women
    Kurzfassung: This paper documents and analyzes gender differences in the use of financial services using individual-level data from 98 developing countries. The data, drawn from the Global Financial Inclusion (Global Findex) database, highlight the existence of significant gender gaps in ownership of accounts and usage of savings and credit products. Even after controlling for a host of individual characteristics including income, education, employment status, rural residency and age, gender remains significantly related to usage of financial services. This study also finds that legal discrimination against women and gender norms may explain some of the cross-country variation in access to finance for women. The analysis finds that in countries where women face legal restrictions in their ability to work, head a household, choose where to live, and receive inheritance, women are less likely to own an account, relative to men, as well as to save and borrow. The results also confirm that manifestations of gender norms, such as the level of violence against women and the incidence of early marriage for women, contribute to explaining the variation in the use of financial services between men and women, after controlling for other individual and country characteristics
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  • 75
    Sprache: Englisch
    Seiten: Online-Ressource (18 p)
    Ausgabe: 2013 World Bank eLibrary
    Paralleltitel: De Gorter, Harry The Effect of Biodiesel Policies on World Oilseed Markets and Developing Countries
    Kurzfassung: Using an empirical model, this study provides some insights into the functioning of the oilseed-biodiesel-diesel market complex in a large country that determines the biodiesel price, reflecting market equilibrium changes resulting from volatility in the crude oil price. Oilseed crushing produces joint products-oil and meal-and this weakens the link between the biodiesel and oilseed feedstock prices. Higher crude oil prices increase biodiesel prices if biofuel benefits from a fuel tax exemption, but lower them with a blending mandate (minimum biofuel content requirement in marketed fuel). When both canola and soybeans are used to produce biodiesel, an increase in the crude oil price leads to higher canola prices, but the effect on soybean prices is ambiguous and depends on relative elasticities of meal demand and canola supply because canola produces more oil than soybeans. An oil price shock with a blending mandate results in a smaller change in oilseed prices compared with a fuel tax exemption. Jumps in world crude oil prices have differential impacts on commodity prices and welfare in developing countries, depending on which policy determines the biodiesel price in OECD countries
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  • 76
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Other papers
    Serie: World Bank E-Library Archive
    Kurzfassung: China's success in addressing food problems after adopting the reforms in 1978 has been nothing less than remarkable. Grain output (rice, wheat and maize) has almost doubled and most hunger has been eliminated. Ever since China embarked on its reform agenda more than 30 years ago, its economic growth and poverty reduction have been nothing less than remarkable. Agriculture has been an important contributor to these developments. Since 1978, China has almost doubled its cereal production (rice, wheat and maize) and it is now feeding 1.3 billion people, or 20 percent of the world's population, while having less than 11 percent of the world s agricultural land and less than 6 percent of its water. New challenges are presenting themselves for China's agriculture, and old ones are resurfacing. High (land saving) Total Factor Productivity (TFP) growth and increasingly open domestic and international markets, combined with grain self-sufficiency targets, a multitude of very small, fragmented production structures, and distorted land and labor markets have defined Chinese agriculture over the past three decades. The relative importance of agriculture s three problems in policymaking thus evolves during the course of development away from the food to the farm and field problems. This shift has however recently been compounded by a resurgence of the food problem, as global supplies struggle to keep up with demand. China's agriculture anno 2030 will be predominantly a modern commercial smallholder agriculture that ensures self-sufficiency in cereal food (rice and wheat), but not in cereal feed (maize and soybeans). The sector will maximize rural employment opportunities in labor intensive high value agricultural products and act as a diligent custodian of its precious natural resources
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  • 77
    Sprache: Englisch
    Seiten: Online-Ressource (36 p)
    Ausgabe: 2012 World Bank eLibrary
    Paralleltitel: Cororaton, Caesar B Impacts of Large-Scale Expansion of Biofuels on Global Poverty and Income Distribution
    Kurzfassung: This paper analyzes the impact of large-scale expansion of biofuels on the global income distribution and poverty. A global computable general equilibrium model is used to simulate the effects of the expansion of biofuels on resource allocation, commodity prices, factor prices and household income. A second model based on world-wide household surveys uses these results to calculate the impacts on poverty and global income inequality. The study finds that the large-scale expansion of biofuels leads to an increase in production and prices of agricultural commodities. The increased prices would cause higher food prices, especially in developing countries. Moreover, wages of unskilled rural labor would also increase, which slows down the rural to urban migration in many developing countries. The study also shows that the effects on poverty vary across regions; it increases in South Asia and Sub-Saharan Africa, whereas it decreases in Latin America. At the global level, the expansion of biofuels increases poverty slightly
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  • 78
    Sprache: Englisch
    Seiten: Online-Ressource (51 p)
    Ausgabe: 2012 World Bank eLibrary
    Paralleltitel: Christiaensen, Luc On the Fungibility of Spending and Earnings
    Kurzfassung: A common behavioral assumption of micro-economic theory is that income is fungible. Using household panel data from rural China and Tanzania, this study finds however that people are more likely to spend unearned income on less basic consumption goods such as alcohol and tobacco, non-staple food, transportation and communication, and clothing, while they are somewhat more likely to spend earned income on basic consumption goods such as staple food, and invest it in education. This resonates with the widespread cultural notion that money that is easily earned is also more easily spent. Cognitively, the results could be understood within the context of emotional accounting, whereby people classify income based on the emotions it evokes, prompting them to spend hard earned money more wisely to mitigate the negative connotations associated with its acquisition. The policy implications are real, bearing for example on the choice between employment guarantee schemes and cash transfers in designing social security programs
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  • 79
    Sprache: Englisch
    Seiten: Online-Ressource (33 p)
    Ausgabe: 2012 World Bank eLibrary
    Paralleltitel: Christiaensen, Luc Greening China's Rural Energy
    Kurzfassung: Clean, safe energy for rural areas is an important component of green growth and sustainable development. Biogas could be an important contributor, if its record in reality lives up to its expected potential. This paper provides a preliminary assessment of biogas use by smallholder farmers in rural China, using data collected from 2,700 households in five provinces. The authors find that user satisfaction is high, and environmental and economic benefits appear tangible. There are strong indications of reduced use of wood and crop residues for fuel. Less time is spent on collecting fuel wood and cooking, which is especially beneficial to women. Adopters also save on fertilizers, because of the use of biogas residues. Moreover, problems with suspension of biogas use, whether due to technical or human factors, remained limited. However, few tangible benefits to respiratory health were detected. Overall, these findings are grounds for optimism about the potential for of smallholder biogas to contribute to more sustainable development, in China and beyond
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  • 80
    Sprache: Englisch
    Seiten: Online-Ressource (29 p)
    Ausgabe: 2012 World Bank eLibrary
    Paralleltitel: Anginer, Deniz How Does Deposit Insurance Affect Bank Risk?
    Kurzfassung: Deposit insurance is widely offered in a number of countries as part of a financial system safety net to promote stability. An unintended consequence of deposit insurance is the reduction in the incentive of depositors to monitor banks, which leads to excessive risk-taking. This paper examines the relation between deposit insurance and bank risk and systemic fragility in the years leading to and during the recent financial crisis. It finds that generous financial safety nets increase bank risk and systemic fragility in the years leading up to the global financial crisis. However, during the crisis, bank risk is lower and systemic stability is greater in countries with deposit insurance coverage. The findings suggest that the "moral hazard effect" of deposit insurance dominates in good times while the "stabilization effect" of deposit insurance dominates in turbulent times. Nevertheless, the overall effect of deposit insurance over the full sample remains negative since the destabilizing effect during normal times is greater in magnitude compared with the stabilizing effect during global turbulence. In addition, the analysis finds that good bank supervision can alleviate the unintended consequences of deposit insurance on bank systemic risk during good times, suggesting that fostering the appropriate incentive framework is very important for ensuring systemic stability
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  • 81
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (53 p)
    Ausgabe: 2012 World Bank eLibrary
    Paralleltitel: Anginer, Deniz How Does Bank Competition Affect Systemic Stability?
    Kurzfassung: Using bank level measures of competition and co-dependence, the authors show a robust positive relationship between bank competition and systemic stability. Whereas much of the extant literature has focused on the relationship between competition and the absolute level of risk of individual banks, they examine the correlation in the risk taking behavior of banks, hence systemic risk. They find that greater competition encourages banks to take on more diversified risks, making the banking system less fragile to shocks. Examining the impact of the institutional and regulatory environment on systemic stability shows that banking systems are more fragile in countries with weak supervision and private monitoring, with generous deposit insurance and greater government ownership of banks, and public policies that restrict competition. Furthermore, lack of competition has a greater adverse effect on systemic stability in countries with low levels of foreign ownership, weak investor protections, generous safety nets, and where the authorities provide limited guidance for bank asset diversification
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  • 82
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (61 p)
    Ausgabe: 2012 World Bank eLibrary
    Paralleltitel: Asli Demirguc-Kunt Measuring Financial Inclusion
    Kurzfassung: This paper provides the first analysis of the Global Financial Inclusion (Global Findex) Database, a new set of indicators that measure how adults in 148 economies save, borrow, make payments, and manage risk. The data show that 50 percent of adults worldwide have an account at a formal financial institution, though account penetration varies widely across regions, income groups and individual characteristics. In addition, 22 percent of adults report having saved at a formal financial institution in the past 12 months, and 9 percent report having taken out a new loan from a bank, credit union or microfinance institution in the past year. Although half of adults around the world remain unbanked, at least 35 percent of them report barriers to account use that might be addressed by public policy. Among the most commonly reported barriers are high cost, physical distance, and lack of proper documentation, though there are significant differences across regions and individual characteristics
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  • 83
    Sprache: Englisch
    Seiten: Online-Ressource (99 p)
    Ausgabe: 2012 World Bank eLibrary
    Paralleltitel: Meghana Ayyagari Financing of Firms in Developing Countries
    Kurzfassung: This paper reviews and synthesizes theoretical and empirical research on the role of finance in developing countries. First, the paper presents the stylized facts about firms in developing nations as well as the legal, financial and broader institutional framework in which these firms operate. Next, the paper focuses on the financing choices available to small and medium firms in developing countries and highlights areas needing additional research
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  • 84
    Sprache: Englisch
    Seiten: Online-Ressource (38 p)
    Ausgabe: 2012 World Bank eLibrary
    Paralleltitel: Parry, Ian W.H Demand Side Instruments to Reduce Road Transportation Externalities in the Greater Cairo Metropolitan Area
    Kurzfassung: Economically efficient prices for the passenger transportation system in the Greater Cairo Metropolitan Area would account for broader societal costs of traffic congestion and accidents, and local and global pollution. A
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  • 85
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (23 p)
    Ausgabe: 2012 World Bank eLibrary
    Paralleltitel: Govinda R. Timilsina Economic Implications of Moving Toward Global Convergence on Emission Intensities
    Kurzfassung: One key contentious issue in climate change negotiations is the huge difference in carbon dioxide (CO2) emissions per capita between more advanced industrialized countries and other nations. This paper analyzes the costs of reducing this gap. Simulations using a global computable general equilibrium model show that the average the carbon dioxide intensity of advanced industrialized countries would remain almost twice as high as the average for other countries in 2030, even if the former group adopted a heavy uniform carbon tax of
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  • 86
    Sprache: Englisch
    Seiten: Online-Ressource (31 p)
    Ausgabe: 2012 World Bank eLibrary
    Paralleltitel: Y.-H. Henry Chen Economic Implications of Reducing Carbon Emissions from Energy use and Industrial Processes in Brazil
    Kurzfassung: The overall impacts on the Brazilian economy of reducing CO2 emissions from energy use and industrial processes can be assessed using a recursive dynamic general equilibrium model and a hypothetical carbon tax. The study projects that in 2040 under a business-as-usual scenario, CO2 emissions from energy use and industrial processes would be almost three times as high as in 2010 and would account for more than half of total national CO2 emissions. Current policy aims to reduce deforestation by 70 percent by 2017 and emissions intensity of the overall economy by 36-39 percent by 2020. If policy is implemented as planned and continued to 2040, CO2 emissions from energy use and industrial processes would not have to be cut until 2035 as reductions of emissions through controlling deforestation would be enough to meet emission targets. The study also finds evidence that supports the double dividend hypothesis: using revenue from a hypothetical carbon tax to finance a cut in labor income tax significantly lowers the gross domestic product impacts of the carbon tax. Using carbon tax revenue to subsidize wind power can effectively increase the output of wind power in the country, although the impact of the tax on gross domestic product would be somewhat increased
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  • 87
    Sprache: Englisch
    Seiten: Online-Ressource (36 p)
    Ausgabe: 2012 World Bank eLibrary
    Paralleltitel: Shiyan, Chang Development of Biofuels in China
    Kurzfassung: China promulgated the Medium and Long-Term Development Plan for Renewable Energy in 2007, which included targets of 2010 and 2020 for various renewable energy technologies including biofuels. The 2010 biofuel targets were met and even surpassed except for non-grain fuel ethanol; however, there is debate on whether and how the country will be able to meet the 2020 biofuels target. This paper provides a resource and technological assessment of biofuel feedstocks, compares biofuel production costs from various feddstocks and technologies, and evaluates policies introduced in the country for the development of biofuels. The paper also presents the projections on the production of biofuels under various policy scenarios. The study shows that China can potentially satisfy its non-grain fuel ethanol target by 2020 from the technology perspective. But it will probably fall far short of this target without additional fiscal incentives as production costs of non-grain feedstock based biofuels are expected to remain relatively high. By contrast, the 2020 target of biodiesel production has a high probability of being achieved because the target itself is relatively small. With additional support policies, it could develop even further
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  • 88
    Sprache: Englisch
    Seiten: Online-Ressource (61 p)
    Ausgabe: 2012 World Bank eLibrary
    Paralleltitel: Allen, Franklin The Foundations of Financial Inclusion
    Kurzfassung: Financial inclusion-defined here as the use of formal accounts-can bring many welfare benefits to individuals. Yet we know very little about the factors underpinning financial inclusion across individuals and countries. Using data for 123 countries and over 124,000 individuals, this paper tries to understand the individual and country characteristics associated with the use of formal accounts and what policies are effective among those most likely to be excluded: the poor and rural residents. The authors find that greater ownership and use of accounts is associated with a better enabling environment for accessing financial services, such as lower account costs and greater proximity to financial intermediaries. Policies targeted to promote inclusion-such as requiring banks to offer basic or low-fee accounts, exempting some depositors from onerous documentation requirements, allowing correspondent banking, and using bank accounts to make government payments-are especially effective among those most likely to be excluded. Finally, the authors study the factors associated with perceived barriers to account ownership among those who are financially excluded and find that these individuals report lower barriers in countries with lower costs of accounts and greater penetration of financial service providers. Overall, the results suggest that policies to reduce barriers to financial inclusion may expand the pool of eligible account users and encourage existing account holders to use their accounts to save and with greater frequency
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  • 89
    Sprache: Englisch
    Seiten: Online-Ressource (29 p)
    Ausgabe: 2011 World Bank eLibrary
    Paralleltitel: Timilsina, Govinda R Biofuels and Climate Change Mitigation
    Kurzfassung: The question of whether biofuels help mitigate climate change has attracted much debate in the literature. Using a global computable general equilibrium model that explicitly represents land-use change impacts due to the expansion of biofuels, this study attempts to shed some light on this question. The study shows that if biofuel mandates and targets currently announced by more than 40 countries around the world are implemented by 2020 using crop feedstocks, and if both forests and pasture lands are used to meet the new land demands for biofuel expansion, this would cause a net increase of greenhouse gas emissions released to the atmosphere until 2043, since the cumulative greenhouse gas emissions released through land-use change would exceed the reduction of emissions due to replacement of gasoline and diesel until then. However, if the use of forest lands is avoided by channeling only pasture lands to meet the demand for new lands, a net increase of cumulative greenhouse gas emissions would occur but would cease by 2021, only a year after the assumed full implementation of the mandates and targets. The study also shows, contrary to common perceptions, that the rate of deforestation does not increase with the rate of biofuel expansion; instead, the marginal rate of deforestation and corresponding land-use emissions decrease even if the production of biofuels increases
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  • 90
    Sprache: Englisch
    Seiten: Online-Ressource (29 p)
    Ausgabe: 2011 World Bank eLibrary
    Paralleltitel: Timilsina, Govinda R World Oil Price and Biofuels
    Kurzfassung: The price of oil could play a significant role in influencing the expansion of biofuels. However, this issue has not been fully investigated yet in the literature. Using a global computable general equilibrium model, this study analyzes the impact of oil price on biofuel expansion, and subsequently, on food supply. The study shows that a 65 percent increase in oil price in 2020 from the 2009 level would increase the global biofuel penetration to 5.4 percent in 2020 from 2.4 percent in 2009. A doubling of oil price in 2020 from its baseline level, or a 230 percent increase from the 2009 level, would increase the global biofuel penetration in 2020 to 12.6 percent. The penetration of biofuels is highly sensitive to the substitution possibility between biofuels and their fossil fuel counterparts. The study also shows that aggregate agricultural output drops due to an oil price increase, but the drop is small in major biofuel producing countries as the expansion of biofuels would partially offset the negative impacts of the oil price increase on agricultural outputs. An increase in oil price would reduce global food supply through direct impacts as well as through diversion of food commodities and cropland toward the production of biofuels
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  • 91
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (38 p)
    Ausgabe: 2011 World Bank eLibrary
    Paralleltitel: Anginer, Deniz Has the Global Banking System Become More Fragile over Time?
    Kurzfassung: This paper examines time-series and cross-country variations in default risk co-dependence in the global banking system. The authors construct a default risk measure for all publicly traded banks using the Merton contingent claim model, and examine the evolution of the correlation structure of default risk for more than 1,800 banks in more than 60 countries. They find that there has been a significant increase in default risk co-dependence over the three-year period leading to the financial crisis. They also find that countries that are more integrated, and that have liberalized financial systems and weak banking supervision, have higher co-dependence in their banking sector. The results support an increase in scope for intra-national supervisory co-operation, as well as capital charges for "too-connected-to-fail" institutions that can impose significant externalities
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  • 92
    Sprache: Englisch
    Seiten: Online-Ressource (42 p)
    Ausgabe: 2011 World Bank eLibrary
    Paralleltitel: Pan, Lei Who is Vouching for the Input Voucher?
    Kurzfassung: Input subsidy programs carry support as instruments to increase agricultural productivity, provided they are market-smart. This requires especially proper targeting to contain the fiscal pressure, with decentralized targeting of input vouchers currently the instrument of choice. Nonetheless, despite clear advantages in administrative costs, the fear of elite capture persists. These fears are borne out in the experience from the 2008 input voucher pilot program in Kilimanjaro, Tanzania, examined here. Elected village officials received about 60 percent of the distributed vouchers, a factor that significantly reduced the targeting performance of the program, especially in more unequal and remote communities. When targeting the poor, greater coverage and a focus on high trust settings helped mitigate these concerns. The findings highlight the continuing need for scrutiny when relying on decentralized targeting. A clearer sense of purpose (increasing productivity among poorer farmers versus increasing aggregate output) could also enhance the targeting performance
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  • 93
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (33 p)
    Ausgabe: 2011 World Bank eLibrary
    Paralleltitel: Demirguc-Kunt, Asli The Evolving Importance of Banks and Securities Markets
    Kurzfassung: This paper examines the evolving importance of banks and securities markets during the process of economic development. As economies develop, they increase their demand for the services provided by securities markets relative to those provided by banks, such that securities markets become increasingly important for future economic development. Some exploratory evidence further suggests that deviations of a country's actual financial structure-the mixture of banks and markets operating in an economy-from the estimated optimal structure are associated with lower levels of economic activity
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  • 94
    Sprache: Englisch
    Seiten: Online-Ressource (33 p)
    Ausgabe: 2011 World Bank eLibrary
    Paralleltitel: Pörtner, Claus C Family Planning and Fertility
    Kurzfassung: Although reproductive health advocates consider family planning programs the intervention of choice to reduce fertility, there remains a great deal of skepticism among economists as to their effectiveness, despite little rigorous evidence to support either position. This study explores the effects of family planning in Ethiopia using a novel set of instruments to control for potential non-random program placement. The instruments are based on ordinal rankings of area characteristics, motivated by competition between areas for resources. Access to family planning is found to reduce completed fertility by more than one child among women without education. No effect is found among women with some formal schooling, suggesting that family planning and formal education act as substitutes, at least in this low-income, low-growth setting. This provides support to the notion that increasing access to family planning can provide an important, complementary entry point to kick-start the process of fertility reduction
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  • 95
    Sprache: Englisch
    Seiten: Online-Ressource (59 p)
    Ausgabe: 2011 World Bank eLibrary
    Paralleltitel: Ayyagari, Meghana Small vs. Young Firms across the World
    Kurzfassung: This paper describes a unique cross-country database that presents consistent and comparable information on the contribution of the small and medium enterprises sector to total employment, job creation, and growth in 99 countries. The authors compare and contrast the importance of small and medium enterprises to that of young firms across different economies. They find that small firms (in particular, firms with less than 100 employees) and mature firms (in particular, firms older than 10 years) have the largest shares of total employment and job creation. Small firms and young firms have higher job creation rates than large and mature firms. However, large firms and young firms have higher productivity growth. This suggests that while small firms employ a large share of workers and create most jobs in developing economies their contribution to productivity growth is not as high as that of large firms
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  • 96
    Sprache: Englisch
    Seiten: Online-Ressource (41 p)
    Ausgabe: 2011 World Bank eLibrary
    Paralleltitel: Timilsina, Govinda R Under What Conditions Does a Carbon Tax on Fossil Fuels Stimulate Biofuels?
    Kurzfassung: A carbon tax is an efficient economic instrument to reduce emissions of carbon dioxide released from fossil fuel burning. Its impacts on production of renewable energy depend on how it is designed-particularly in the context of the penetration of biofuels into the energy supply mix for road transportation. Using a multi-sector, multi-country computable general equilibrium model, this study shows first that a carbon tax with the entire tax revenue recycled to households through a lump-sum transfer does not stimulate biofuel production significantly, even at relatively high tax rates. This reflects the high cost of carbon dioxide abatement through biofuels substitution, relative to other energy substitution alternatives; in addition, the carbon tax will have negative economy-wide consequences that reduce total demand for all fuels. A combined carbon tax and biofuel subsidy policy, where part of the carbon tax revenue is used to finance a biofuel subsidy, would significantly stimulate market penetration of biofuels. Although the carbon tax and biofuel subsidy policy would cause higher loss in global economic output compared with the carbon tax with lump sum revenue redistribution, the incremental output loss is relatively small
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  • 97
    Sprache: Englisch
    Seiten: Online-Ressource (46 p)
    Ausgabe: 2011 World Bank eLibrary
    Paralleltitel: Christiaensen, Luc Small Area Estimation-Based Prediction Methods to Track Poverty
    Kurzfassung: Tracking poverty is predicated on the availability of comparable consumption data and reliable price deflators. However, regular series of strictly comparable data are only rarely available. Price deflators are also often missing or disputed. In response, poverty prediction methods that track consumption correlates as opposed to consumption itself have been developed. These methods typically assume that the estimated relation between consumption and its predictors is stable over time-an assumption that cannot usually be tested directly. This study analyzes the performance of poverty prediction models based on small area estimation techniques. Predicted poverty estimates are compared with directly observed levels in two country settings where data comparability over time is not a problem. Prediction models that employ either non-staple food or non-food expenditures or a full set of assets as predictors are found to yield poverty estimates that match observed poverty well. This offers some support to the use of such methods to approximate the evolution of poverty. Two further country examples illustrate how an application of the method employing models based on household assets can help to adjudicate between alternative price deflators
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  • 98
    Sprache: Englisch
    Seiten: Online-Ressource (51 p)
    Ausgabe: 2011 World Bank eLibrary
    Paralleltitel: Timilsina, Govinda R A Review of Solar Energy
    Kurzfassung: Solar energy has experienced phenomenal growth in recent years due to both technological improvements resulting in cost reductions and government policies supportive of renewable energy development and utilization. This study analyzes the technical, economic and policy aspects of solar energy development and deployment. While the cost of solar energy has declined rapidly in the recent past, it still remains much higher than the cost of conventional energy technologies. Like other renewable energy technologies, solar energy benefits from fiscal and regulatory incentives and mandates, including tax credits and exemptions, feed-in-tariff, preferential interest rates, renewable portfolio standards and voluntary green power programs in many countries. Potential expansion of carbon credit markets also would provide additional incentives to solar energy deployment; however, the scale of incentives provided by the existing carbon market instruments, such as the Clean Development Mechanism of the Kyoto Protocol, is limited. Despite the huge technical potential, development and large-scale, market-driven deployment of solar energy technologies world-wide still has to overcome a number of technical and financial barriers. Unless these barriers are overcome, maintaining and increasing electricity supplies from solar energy will require continuation of potentially costly policy supports
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  • 99
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (49 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Timilsina, Govinda R Biofuels
    Kurzfassung: This paper reviews recent developments in biofuel markets and their economic, social and environmental impacts. Several countries have introduced mandates and targets for biofuel expansion. Production, international trade and investment have increased sharply in the past few years. However, several existing studies have blamed biofuels as one of the key factors behind the 2007-2008 global food crisis, although the magnitudes of impacts in these studies vary widely depending on the underlying assumptions and structure of the models. Existing studies also have huge disparities in the magnitude of long-term impacts of biofuels on food prices and supply; studies that model only the agricultural sector show higher impacts, whereas studies that model the entire economy show relatively lower impacts. In terms of climate change mitigation impacts, there exists a consensus that current biofuels lead to greenhouse gas mitigation only when greenhouse gas emissions related to land-use change are not counted. If conversion of carbon rich forest land to crop land is not avoided, the resulting greenhouse gas release would mean that biofuels would not reduce cumulative greenhouse gas emissions until several years had passed. Overall, results from most of the existing literature do not favor diversion of food for large-scale production of biofuels, although regulated production of biofuels in countries with surplus land and a strong biofuel industry are not ruled out. Developments in second generation biofuels offer some hope, yet they still compete with food supply through land use and are currently constrained by a number of technical and economic barriers
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  • 100
    Sprache: Englisch
    Seiten: Online-Ressource (34 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Demirguc-Kunt, Asli Bank capital
    Kurzfassung: Using a multi-country panel of banks, the authors study whether better capitalized banks fared better in terms of stock returns during the financial crisis. They differentiate among various types of capital ratios: the Basel risk-adjusted ratio; the leverage ratio; the Tier I and Tier II ratios; and the common equity ratio. They find several results: (i) before the crisis, differences in capital did not affect subsequent stock returns; (ii) during the crisis, higher capital resulted in better stock performance, most markedly for larger banks and less well-capitalized banks; (iii) the relationship between stock returns and capital is stronger when capital is measured by the leverage ratio rather than the risk-adjusted capital ratio; (iv) there is evidence that higher quality forms of capital, such as Tier 1 capital, were more relevant. They also examine the relationship between bank capitalization and credit default swap (CDS) spreads
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