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  • 2005-2009  (164)
  • 2006  (164)
  • Washington, D.C : The World Bank
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  • 2005-2009  (164)
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  • 1
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 0821364707 , 9780821364710 , 9780821364703
    Language: English
    Pages: Online-Ressource (1 online resource (426 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Series Statement: World Development Indicators
    Abstract: Looking for accurate, up-to-date data on development issues? This indispensable statistical reference allows you to consult over 800 indicators for some 150 economies and 14 country groups in more than 80 tables. It provides a current overview of the most recent data available as well as important regional data and income group analysis in six thematic chapters: World View, People, Environment, Economy, States and Markets, and Global Links
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  • 2
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 0821365215 , 9780821365229 , 9780821365212
    Language: English
    Pages: Online-Ressource (1 online resource (96 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Series Statement: Independent Evaluation Group Studies
    Abstract: The 2005 Annual Report on Operation Evaluation examines the use of information by World Bank managers to improve development results and enhance the effectiveness of the Bank at the country level. It suggests that greater attention is needed to measure and manage development results at the country level. This will require strengthening countries' performance measurement capacity. The Bank is making progress in strengthening the results focus of its monitoring and evaluation, but more attention is needed to improve performance measurement and tracking progress
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  • 3
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 0821367684 , 9780821367698 , 9780821367681
    Language: English
    Pages: Online-Ressource (1 online resource (312 p.))
    Edition: 4. ed.
    Edition: World Bank E-Library Archive
    Keywords: International Financial Reporting Standards
    Abstract: Now in its fourth edition, and with translations into 13 languages, this publication gives readers a broad and basic understanding of the key issues for each International Financial Reporting Standard. It summarizes each standard, providing a quick reference for managers and executives in the private and public sectors who may not have a strong background in accounting. All of the standards issued by the International Accounting Standards Board (IASB) through 31 May 2006 are included in this book
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  • 4
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 0821367595 , 9780821367605 , 9780821367599
    Language: English
    Pages: Online-Ressource (1 online resource (64 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Series Statement: World Bank Annual Report
    Abstract: The World Bank Annual Report 2006 is the one place where you will find: a summary of the World Bank's major initiatives and activities this year; regional reports with lending to each region by theme and sector; the year's lending and advisory activities; a description of all new projects approved this year; the complete financial statements of the World Bank; and World Bank organizational information, including a list of all Country Offices. You'll find numerous references to Web sites where you can find in-depth information on every topic in the Annual Report
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  • 5
    Language: English
    Pages: Online-Ressource (1 online resource (31 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Gertler, Paul Empowering Parents To Improve Education
    Keywords: Curriculum ; Curriculum Development ; Disability ; Disadvantaged Students ; Education ; Education for All ; Educational Reform ; Effective Schools and Teachers ; Information Asymmetries ; Learning ; Learning Environment ; Learning Outcomes ; Literature ; Papers ; Primary Education ; Secondary Education ; Social Protections and Labor ; Tertiary Education ; Curriculum ; Curriculum Development ; Disability ; Disadvantaged Students ; Education ; Education for All ; Educational Reform ; Effective Schools and Teachers ; Information Asymmetries ; Learning ; Learning Environment ; Learning Outcomes ; Literature ; Papers ; Primary Education ; Secondary Education ; Social Protections and Labor ; Tertiary Education ; Curriculum ; Curriculum Development ; Disability ; Disadvantaged Students ; Education ; Education for All ; Educational Reform ; Effective Schools and Teachers ; Information Asymmetries ; Learning ; Learning Environment ; Learning Outcomes ; Literature ; Papers ; Primary Education ; Secondary Education ; Social Protections and Labor ; Tertiary Education
    Abstract: Mexico's compensatory education program provides extra resources to primary schools that enroll disadvantaged students in highly disadvantaged rural communities. One of the most important components of the program is the school-based management intervention known as AGEs. The impact of the AGEs is assessed on intermediate school quality indicators (failure, repetition and dropout), controlling for the presence of the conditional cash transfer program. Results prove that school-based management is an effective measure for improving outcomes, based on an over time difference-in-difference evaluation. Complementary qualitative evidence corroborates the veracity of such findings
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  • 6
    Language: English
    Pages: Online-Ressource (1 online resource (38 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Gine, Xavier Group Versus Individual Liability
    Keywords: Bank Policy ; Conversion ; Debt Markets ; Exchange ; Finance and Financial Sector Development ; Financial Literacy ; Financial Markets ; Good ; Group Lending ; Joint Liability ; Lender ; Liability ; Loans ; Micro-Enterprises ; Microcredit Microfinance ; Political Power ; Bank Policy ; Conversion ; Debt Markets ; Exchange ; Finance and Financial Sector Development ; Financial Literacy ; Financial Markets ; Good ; Group Lending ; Joint Liability ; Lender ; Liability ; Loans ; Micro-Enterprises ; Microcredit Microfinance ; Political Power ; Bank Policy ; Conversion ; Debt Markets ; Exchange ; Finance and Financial Sector Development ; Financial Literacy ; Financial Markets ; Good ; Group Lending ; Joint Liability ; Lender ; Liability ; Loans ; Micro-Enterprises ; Microcredit Microfinance ; Political Power
    Abstract: Group liability is often portrayed as the key innovation that led to the explosion of the microcredit movement, which started with the Grameen Bank in the 1970s and continues on today with hundreds of institutions around the world. Group lending claims to improve repayment rates and lower transaction costs when lending to the poor by providing incentives for peers to screen, monitor, and enforce each other's loans. However, some argue that group liability creates excessive pressure and discourages good clients from borrowing, jeopardizing both growth and sustainability. Therefore, it remains unclear whether group liability improves the lender's overall profitability and the poor's access to financial markets. The authors worked with a bank in the Philippines to conduct a field experiment to examine these issues. They randomly assigned half of the 169 pre-existing group liability 'centers' of approximately twenty women to individual-liability centers (treatment) and kept the other half as-is with group liability (control). We find that the conversion to individual liability does not affect the repayment rate, and leads to higher growth in center size by attracting new clients
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  • 7
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (32 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Bown, Chad P The World Trade Organization And Antidumping In Developing Countries
    Keywords: Access ; Antidumping ; Antidumping Database ; Antidumping Measures ; Antidumping Policy ; Currencies and Exchange Rates ; Domestic Industries ; Economic Theory and Research ; Economic Welfare ; Exporters ; Finance and Financial Sector Development ; Free Trade ; Globalization and Financial Integration ; Import Competition ; Import Penetration ; Industrial Management ; Industry ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Public Sector Development ; Trade Law ; Trade Policy ; Water Resources ; Water and Industry ; Access ; Antidumping ; Antidumping Database ; Antidumping Measures ; Antidumping Policy ; Currencies and Exchange Rates ; Domestic Industries ; Economic Theory and Research ; Economic Welfare ; Exporters ; Finance and Financial Sector Development ; Free Trade ; Globalization and Financial Integration ; Import Competition ; Import Penetration ; Industrial Management ; Industry ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Public Sector Development ; Trade Law ; Trade Policy ; Water Resources ; Water and Industry ; Access ; Antidumping ; Antidumping Database ; Antidumping Measures ; Antidumping Policy ; Currencies and Exchange Rates ; Domestic Industries ; Economic Theory and Research ; Economic Welfare ; Exporters ; Finance and Financial Sector Development ; Free Trade ; Globalization and Financial Integration ; Import Competition ; Import Penetration ; Industrial Management ; Industry ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Public Sector Development ; Trade Law ; Trade Policy ; Water Resources ; Water and Industry
    Abstract: Since the 1995 inception of the World Trade Organization (WTO), developing countries have become some of the most frequent users of the WTO-sanctioned antidumping trade policy instrument. This paper exploits newly available data to examine the pattern of actual industrial use of antidumping in nine of the major "new user" developing countries - Argentina, Brazil, Colombia, India, Indonesia, Mexico, Peru, Turkey and Venezuela. For these countries we are able to match data from two newly available sources: data on production in 28 different 3-digit ISIC industries from the Trade, Production and Protection Database to data on antidumping investigations, outcomes and imports at the 6-digit Harmonized System (HS) product level from the Global Antidumping Database. Our econometric analysis is to estimate a two-stage model of the industry-level decision to pursue an antidumping investigation and the national government's decision of whether and how much antidumping import protection to provide. First, we find evidence consistent with the theory of endogenous trade policy: larger industries that face substantial import competition are more likely to pursue an antidumping investigation, and larger and more concentrated industries receive greater antidumping protection from imports. Second, we find that industries that use antidumping are more likely to face the changing economic conditions specified by the technical evidentiary criteria of the WTO Antidumping Agreement: industries that face rapidly falling import prices are more likely to pursue an investigation, and industries that are more susceptible to cyclical dumping due to greater capital investment expenditures and that face rapidly increasing competition from imports receive greater antidumping protection
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  • 8
    Language: English
    Pages: Online-Ressource (1 online resource (27 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Lokshin, Michael Forgone Earnings From Smoking
    Keywords: Addiction ; Aggressive ; Alcohol Consumption ; Alcohol and Substance Abuse ; Behavior ; Children ; Health Care ; Health Effects ; Health Monitoring and Evaluation ; Health, Nutrition and Population ; Knowledge ; Observation ; Pollution ; Public Health ; Smokers ; Smoking ; Tobacco Use and Control ; Addiction ; Aggressive ; Alcohol Consumption ; Alcohol and Substance Abuse ; Behavior ; Children ; Health Care ; Health Effects ; Health Monitoring and Evaluation ; Health, Nutrition and Population ; Knowledge ; Observation ; Pollution ; Public Health ; Smokers ; Smoking ; Tobacco Use and Control ; Addiction ; Aggressive ; Alcohol Consumption ; Alcohol and Substance Abuse ; Behavior ; Children ; Health Care ; Health Effects ; Health Monitoring and Evaluation ; Health, Nutrition and Population ; Knowledge ; Observation ; Pollution ; Public Health ; Smokers ; Smoking ; Tobacco Use and Control
    Abstract: The authors estimate the economic losses related to the negative effect of smoking on wages in a context of a developing country. Using data from the 2005 Albania Living Standards Monitoring Survey, they jointly estimate a system of three equations: the smoking decision and two separate wage equations for smokers and nonsmokers. The results show that, after controlling for observed characteristics and taking into account unobserved heterogeneity in personal characteristics, smoking has a substantial negative impact on wages. On average smokers' wages are 20 percent lower than the wages of similar nonsmokers, providing strong evidence for the potential policy relevance of tobacco control initiatives for developing countries
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  • 9
    Language: English
    Pages: Online-Ressource (1 online resource (47 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Series Statement: Policy research working paper 4025
    Series Statement: Policy research working paper
    Parallel Title: Erscheint auch als Bell, Clive, 1943 - Economic growth, education and AIDS in Kenya
    Keywords: 1950-2050 ; AIDS ; Bildungspolitik ; Overlapping Generations ; Kenia ; Aids ; Aids Epidemic ; Citizens ; Diseases ; Economic Growth ; Formal Education ; Health, Nutrition and Population ; Human Capital ; Knowledge ; Labour Market ; Policy ; Policy Research ; Policy Research Working Paper ; Population Policies ; Aids ; Aids Epidemic ; Citizens ; Diseases ; Economic Growth ; Formal Education ; Health, Nutrition and Population ; Human Capital ; Knowledge ; Labour Market ; Policy ; Policy Research ; Policy Research Working Paper ; Population Policies ; Aids ; Aids Epidemic ; Citizens ; Diseases ; Economic Growth ; Formal Education ; Health, Nutrition and Population ; Human Capital ; Knowledge ; Labour Market ; Policy ; Policy Research ; Policy Research Working Paper ; Population Policies
    Abstract: The AIDS epidemic threatens Kenya with a long wave of premature adult mortality, and thus with an enduring setback to the formation of human capital and economic growth. To investigate this possibility, the authors develop a model with three overlapping generations, calibrate it to the demographic and economic series from 1950 until 1990, and then perform simulations for the period ending in 2050 under alternative assumptions about demographic developments, including the counterfactual in which there is no epidemic. Although AIDS does not bring about a catastrophic economic collapse, it does cause large economic costs-and many deaths. Programs that subsidize post-primary education and combat the epidemic are both socially profitable-the latter strikingly so, due to its indirect effects on the expected returns to education-and a combination of the two interventions profits from a modest long-run synergy effect
    Note: Gesehen am 14.05.2021
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  • 10
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (58 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Beck, Thorsten The Basic Analytics of Access To Financial Services
    Keywords: Bank ; Banks ; Banks and Banking Reform ; Credit Risk ; Debt Markets ; Demand ; Deposit Economic Development ; Economic Theory and Research ; Emerging Markets ; Finance ; Finance and Financial Sector Development ; Financial Literacy ; Financial Sector ; Financial Services ; Financial System ; Income ; Interest ; Interest Rate ; Macroeconomics and Economic Growth ; Private Sector Development ; Bank ; Banks ; Banks and Banking Reform ; Credit Risk ; Debt Markets ; Demand ; Deposit Economic Development ; Economic Theory and Research ; Emerging Markets ; Finance ; Finance and Financial Sector Development ; Financial Literacy ; Financial Sector ; Financial Services ; Financial System ; Income ; Interest ; Interest Rate ; Macroeconomics and Economic Growth ; Private Sector Development ; Bank ; Banks ; Banks and Banking Reform ; Credit Risk ; Debt Markets ; Demand ; Deposit Economic Development ; Economic Theory and Research ; Emerging Markets ; Finance ; Finance and Financial Sector Development ; Financial Literacy ; Financial Sector ; Financial Services ; Financial System ; Income ; Interest ; Interest Rate ; Macroeconomics and Economic Growth ; Private Sector Development
    Abstract: Access to financial services, or rather the lack thereof, is often indiscriminately decried as a problem in many developing countries. The authors argue that the "problem of access" should rather be analyzed by identifying different demand and supply constraints. They use the concept of an access possibilities frontier, drawn for a given set of state variables, to distinguish between cases where a financial system settles below the constrained optimum, cases where this constrained optimum is too low, and-in credit services-cases where the observed outcome is excessively high. They distinguish between payment and savings services and fixed intermediation costs, on the one hand, and lending services and different sources of credit risk, on the other hand. The authors include both supply and demand side frictions that can lead to lower access. The analysis helps identify bankable and banked population, the binding constraint to close the gap between the two, and policies to prudently expand the bankable population. This new conceptual framework can inform the debate on adequate policies to expand access to financial services and can serve as the basis for an informed measurement of access
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  • 11
    Language: English
    Pages: Online-Ressource (1 online resource (42 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Anos Casero, Paloma Fiscal And Social Impact of A Nominal Exchange Rate Devaluation In Djibouti
    Keywords: Accounting ; Bank Policy ; Currencies and Exchange Rates ; Currency Devaluation ; Debt Markets ; Devaluation ; Developing Countries ; Economic Development ; Economic Stabilization ; Economic Theory and Research ; Emerging Markets ; Exchange ; Exchange Rate ; Expenditures ; Finance and Financial Sector Development ; Financial Literacy ; Fiscal and Monetary Policy ; Foreign Currency ; Goods ; Macroeconomics and Economic Growth ; Poverty Reduction ; Private Sector Development ; Public Sector Development ; Rural Development ; Rural Poverty Reduction ; Accounting ; Bank Policy ; Currencies and Exchange Rates ; Currency Devaluation ; Debt Markets ; Devaluation ; Developing Countries ; Economic Development ; Economic Stabilization ; Economic Theory and Research ; Emerging Markets ; Exchange ; Exchange Rate ; Expenditures ; Finance and Financial Sector Development ; Financial Literacy ; Fiscal and Monetary Policy ; Foreign Currency ; Goods ; Macroeconomics and Economic Growth ; Poverty Reduction ; Private Sector Development ; Public Sector Development ; Rural Development ; Rural Poverty Reduction ; Accounting ; Bank Policy ; Currencies and Exchange Rates ; Currency Devaluation ; Debt Markets ; Devaluation ; Developing Countries ; Economic Development ; Economic Stabilization ; Economic Theory and Research ; Emerging Markets ; Exchange ; Exchange Rate ; Expenditures ; Finance and Financial Sector Development ; Financial Literacy ; Fiscal and Monetary Policy ; Foreign Currency ; Goods ; Macroeconomics and Economic Growth ; Poverty Reduction ; Private Sector Development ; Public Sector Development ; Rural Development ; Rural Poverty Reduction
    Abstract: Limited fiscal space limits Djibouti's ability to meet the Millennium Development Goals and improve the living conditions of its population. Djibouti's fiscal structure is unique in that almost 70 percent of government revenue is denominated in foreign currency (import taxes, foreign aid grants, and military revenue) while over 50 percent of government expenditure is denominated in local currency (wages, salaries, and social transfers). Djibouti's economic structure is also unusual in that merchandise exports of local origin are insignificant, and the country relies heavily on imported goods (food, medicines, consumer and capital goods). A currency devaluation, by reducing real wages, could potentially generate additional fiscal space that would help meet Djibouti's fundamental development goals. Using macroeconomic and household level data, the authors quantify the impact of a devaluation of the nominal exchange rate on fiscal savings, real public sector wages, real income, and poverty under various hypothetical scenarios of exchange-rate pass-through and magnitude of devaluation. They find that a currency devaluation could generate fiscal savings in the short-term, but it would have an adverse effect on poverty and income distribution. A 30 percent nominal exchange rate devaluation could generate fiscal savings amounting between 3 and 7 percent of GDP. At the same time, a 30 percent nominal devaluation could cause nearly a fifth of the poorest households to fall below the extreme poverty line and pull the same fraction of upper middle-income households below the national poverty line. The authors also find that currency devaluation could generate net fiscal savings even after accounting for the additional social transfers needed to compensate the poor for their real income loss. However, the absence of formal social safety nets limits the government's readiness to provide well-targeted and timely social transfers to the poor
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  • 12
    Language: English
    Pages: Online-Ressource (1 online resource (32 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Essama-Nssah B Measuring The Pro-Poorness of Income Growth Within An Elasticity Framework
    Keywords: Developing World ; Development Goals ; Development Policy ; Distributional Impact ; Economic Growth ; Growth Pattern ; Growth Process ; Growth Rate ; Growth Rates ; Health, Nutrition and Population ; Income ; Income Growth ; Inequality ; Population Policies ; Poverty Reduction ; Pro-Poor Growth ; Rural Development ; Rural Poverty Reduction ; Services and Transfers to Poor ; Developing World ; Development Goals ; Development Policy ; Distributional Impact ; Economic Growth ; Growth Pattern ; Growth Process ; Growth Rate ; Growth Rates ; Health, Nutrition and Population ; Income ; Income Growth ; Inequality ; Population Policies ; Poverty Reduction ; Pro-Poor Growth ; Rural Development ; Rural Poverty Reduction ; Services and Transfers to Poor ; Developing World ; Development Goals ; Development Policy ; Distributional Impact ; Economic Growth ; Growth Pattern ; Growth Process ; Growth Rate ; Growth Rates ; Health, Nutrition and Population ; Income ; Income Growth ; Inequality ; Population Policies ; Poverty Reduction ; Pro-Poor Growth ; Rural Development ; Rural Poverty Reduction ; Services and Transfers to Poor
    Abstract: Poverty reduction has become a fundamental objective of development, and therefore a metric for assessing the effectiveness of various interventions. Economic growth can be a powerful instrument of income poverty reduction. This creates a need for meaningful ways of assessing the poverty impact of growth. This paper follows the elasticity approach to propose a measure of pro-poorness defined as a weighted average of the deviation of a growth pattern from the benchmark case. The measure can help assess pro-poorness both in terms of aggregate poverty measures, which are members of the additively separable class, and at percentiles. It also lends itself to a decomposition procedure, whereby the overall pattern of income growth can be unbundled, and the contributions of income components to overall pro-poorness identified. An application to data for Indonesia in the 1990s reveals that the amount of poverty reduction achieved over that period remains far below what would have been achieved under distributional neutrality. This conclusion is robust to the choice of a poverty measure among members of the additively separable class, and can be tracked back to changes in expenditure components
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  • 13
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (51 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Shah, Anwar A Practitioner's Guide To Intergovernmental Fiscal Transfers
    Keywords: Debt Markets ; Distributional Equity ; Equalization ; Equity ; Finance ; Finance and Financial Sector Development ; Fiscal Management ; Grant Designs ; Grant Programs ; Grants ; Health, Nutrition and Population ; Infrastructure ; Intergovernmental Finance ; Intergovernmental Fiscal Relations and Local Finance Management ; Intergovernmental Transfer ; Municipal Financial Management ; Public Sector ; Public Sector Economics and Finance ; Public Sector Expenditure Analysis and Management ; Urban Development ; Debt Markets ; Distributional Equity ; Equalization ; Equity ; Finance ; Finance and Financial Sector Development ; Fiscal Management ; Grant Designs ; Grant Programs ; Grants ; Health, Nutrition and Population ; Infrastructure ; Intergovernmental Finance ; Intergovernmental Fiscal Relations and Local Finance Management ; Intergovernmental Transfer ; Municipal Financial Management ; Public Sector ; Public Sector Economics and Finance ; Public Sector Expenditure Analysis and Management ; Urban Development ; Debt Markets ; Distributional Equity ; Equalization ; Equity ; Finance ; Finance and Financial Sector Development ; Fiscal Management ; Grant Designs ; Grant Programs ; Grants ; Health, Nutrition and Population ; Infrastructure ; Intergovernmental Finance ; Intergovernmental Fiscal Relations and Local Finance Management ; Intergovernmental Transfer ; Municipal Financial Management ; Public Sector ; Public Sector Economics and Finance ; Public Sector Expenditure Analysis and Management ; Urban Development
    Abstract: Intergovernmental fiscal transfers are a dominant feature of subnational finance in most countries. They are used to ensure that revenues roughly match the expenditure needs of various orders (levels) of subnational governments. They are also used to advance national, regional, and local area objectives, such as fairness and equity, and creating a common economic union. The structure of these transfers creates incentives for national, regional, and local governments that have a bearing on fiscal management, macroeconomic stability, distributional equity, allocative efficiency, and public services delivery. This paper reviews the conceptual, empirical, and practice literature to distill lessons of policy interest in designing the fiscal transfers to create the right incentives for prudent fiscal management and competitive and innovative service delivery. It provides practical guidance on the design of performance-oriented transfers that emphasize bottom-up, client-focused, and results-based government accountability. It cites examples of simple but innovative grant designs that can satisfy grantors' objectives while preserving local autonomy and creating an enabling environment for responsive, responsible, equitable, and accountable public governance. The paper further provides guidance on the design and practice of equalization transfers for regional fiscal equity as well as the institutional arrangements for implementation of such transfer mechanisms. It concludes with negative (practices to avoid) and positive (practices to emulate) lessons from international practices
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  • 14
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (25 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Peterson, George E Land Leasing And Land Sale As An Infrastructure-Financing Option
    Keywords: Budgets ; Communities & Human Settlements ; Debt ; Fees ; Finance ; Finance and Financial Sector Development ; Fiscal Management ; Housing ; Infrastructure ; Land ; Local Governments ; Management ; Municipal Financial Management ; Municipalities ; Private Sector ; Public ; Public Sector ; Public Sector Economics and Finance ; Public Sector Management and Reform ; Public and Municipal Finance ; Subnational Governance ; Urban Development ; Urban Economics ; Urban Governance and Management ; Budgets ; Communities & Human Settlements ; Debt ; Fees ; Finance ; Finance and Financial Sector Development ; Fiscal Management ; Housing ; Infrastructure ; Land ; Local Governments ; Management ; Municipal Financial Management ; Municipalities ; Private Sector ; Public ; Public Sector ; Public Sector Economics and Finance ; Public Sector Management and Reform ; Public and Municipal Finance ; Subnational Governance ; Urban Development ; Urban Economics ; Urban Governance and Management ; Budgets ; Communities & Human Settlements ; Debt ; Fees ; Finance ; Finance and Financial Sector Development ; Fiscal Management ; Housing ; Infrastructure ; Land ; Local Governments ; Management ; Municipal Financial Management ; Municipalities ; Private Sector ; Public ; Public Sector ; Public Sector Economics and Finance ; Public Sector Management and Reform ; Public and Municipal Finance ; Subnational Governance ; Urban Development ; Urban Economics ; Urban Governance and Management
    Abstract: Municipal land sales provide one option for financing urban infrastructure investment. In countries where land is owned by the public sector, land is by far the most valuable asset on the municipal balance sheet. Selling land or long-term leasing rights to land use while investing the proceeds in infrastructure facilities can be viewed as a type of portfolio asset adjustment. This paper shows that in China many municipalities have financed more than half of their high rates of infrastructure investment from land sales, for periods of 10 to 15 years. Much of the remaining investment has been financed by municipal borrowing against the collateral of land values. Other countries also have turned to land sales and leasing for infrastructure finance. From a local perspective, land sales have the advantage that they typically are free from the intergovernmental restrictions that require higher-level approval for increases in local tax rates or user fees and that restrict local government borrowing. However, financing municipal infrastructure investment through land sales creates special risks that are not recognized in most intergovernmental fiscal frameworks. One danger involves the use of proceeds to finance operating budgets. Risk exposure is exaggerated by the highly volatile nature of urban land markets and evidence that in some countries urban land values in 2006 reflected a real estate bubble. In the past, Hong Kong, a jurisdiction that has relied heavily on land-leasing to finance its infrastructure budget, has seen land sales fall to zero at the bottom of the real estate cycle. The greatest financial sector risk stems from municipal borrowing based on inflated land values offered as collateral to banks. Sound intergovernmental fiscal management will require tighter regulation of municipalities' financial leveraging of land assets to avoid excessive risk taking by local governments
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  • 15
    Language: English
    Pages: Online-Ressource (1 online resource (48 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Lederman, Daniel Export Promotion Agencies
    Keywords: Asymmetric Information ; Budgetary Support ; Capacity Building ; Consumer Preferences ; Country Strategy and Performance ; Debt Markets ; Development ; Diminishing Returns ; E-Business ; Economic Justification ; Economic Theory and Research ; Emerging Markets ; Export Competitiveness ; Exports ; Externalities ; Failures ; Finance and Financial Sector Development ; Financial Literacy ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Marketing ; Private Sector Development ; Public Sector Development ; Tax Law ; Trade Policy ; Asymmetric Information ; Budgetary Support ; Capacity Building ; Consumer Preferences ; Country Strategy and Performance ; Debt Markets ; Development ; Diminishing Returns ; E-Business ; Economic Justification ; Economic Theory and Research ; Emerging Markets ; Export Competitiveness ; Exports ; Externalities ; Failures ; Finance and Financial Sector Development ; Financial Literacy ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Marketing ; Private Sector Development ; Public Sector Development ; Tax Law ; Trade Policy ; Asymmetric Information ; Budgetary Support ; Capacity Building ; Consumer Preferences ; Country Strategy and Performance ; Debt Markets ; Development ; Diminishing Returns ; E-Business ; Economic Justification ; Economic Theory and Research ; Emerging Markets ; Export Competitiveness ; Exports ; Externalities ; Failures ; Finance and Financial Sector Development ; Financial Literacy ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Marketing ; Private Sector Development ; Public Sector Development ; Tax Law ; Trade Policy
    Abstract: The number of national export promotion agencies (EPAs) has tripled over the past two decades. While more countries have made them part of their national export strategy, studies have criticized their efficiency in developing countries. Partly in reaction to these critiques, EPAs have been retooled (see ITC 1998 or 2000, for example). This paper studies the impact of existing EPAs and their strategies based on a new data set covering 104 industrial and developing countries. Results suggest that on average they have a strong and statistically significant impact on exports. For each
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  • 16
    Language: English
    Pages: Online-Ressource (1 online resource (16 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Arnold, Jens Matthias Services Inputs And Firm Productivity In Sub-Saharan Africa
    Keywords: Access To Services ; Communications ; Data ; E-Business ; Economic Activities ; Economic Theory and Research ; Electricity ; Electronic Delivery ; Enterprise Survey ; Enterprise Surveys ; Export Markets ; Finance and Financial Sector Development ; Financial Literacy ; Financial Services ; Macroeconomics and Economic Growth ; Microfinance ; Private Sector Development ; Access To Services ; Communications ; Data ; E-Business ; Economic Activities ; Economic Theory and Research ; Electricity ; Electronic Delivery ; Enterprise Survey ; Enterprise Surveys ; Export Markets ; Finance and Financial Sector Development ; Financial Literacy ; Financial Services ; Macroeconomics and Economic Growth ; Microfinance ; Private Sector Development ; Access To Services ; Communications ; Data ; E-Business ; Economic Activities ; Economic Theory and Research ; Electricity ; Electronic Delivery ; Enterprise Survey ; Enterprise Surveys ; Export Markets ; Finance and Financial Sector Development ; Financial Literacy ; Financial Services ; Macroeconomics and Economic Growth ; Microfinance ; Private Sector Development
    Abstract: The authors investigate the relationship between the productivity of African manufacturing firms and their access to services inputs. They use data from the World Bank Enterprise Survey for over 1,000 firms in 10 Sub-Saharan African countries to calculate the total factor productivity of firms. The Enterprise Surveys also contain unique measures of firms' access to communications, electricity, and financial services. The availability of these measures at the firm level, both as subjective and objective indicators, allows the authors to exploit the variation in services performance at the subnational regional level. Furthermore, by using the regional variation in services performance, they are also able to address concerns about the possible endogeneity of the services variables. The results show a significant and positive relationship between firm productivity and service performance in all three services sectors analyzed. The authors thus provide support for the argument that improvements in services industries contribute to enhancing the performance of downstream economic activities, and thus are an essential element of a strategy for promoting growth and reducing poverty
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  • 17
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (23 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Camara, Modibo K Deposit Insurance And Banking Reform In Russia
    Keywords: Bank ; Banking ; Banking Reform ; Banking System ; Banks and Banking Reform ; Commercial Banks ; Cred Deposit Insurance ; Debt Markets ; Deposits ; Emerging Markets ; Finance ; Finance and Financial Sector Development ; Financial Crisis Management and Restructuring ; Financial Deepening ; Financial Institutions ; Financial Intermediation ; Financial Literacy ; Industry ; Legal Finance ; Private Sector Development ; Bank ; Banking ; Banking Reform ; Banking System ; Banks and Banking Reform ; Commercial Banks ; Cred Deposit Insurance ; Debt Markets ; Deposits ; Emerging Markets ; Finance ; Finance and Financial Sector Development ; Financial Crisis Management and Restructuring ; Financial Deepening ; Financial Institutions ; Financial Intermediation ; Financial Literacy ; Industry ; Legal Finance ; Private Sector Development ; Bank ; Banking ; Banking Reform ; Banking System ; Banks and Banking Reform ; Commercial Banks ; Cred Deposit Insurance ; Debt Markets ; Deposits ; Emerging Markets ; Finance ; Finance and Financial Sector Development ; Financial Crisis Management and Restructuring ; Financial Deepening ; Financial Institutions ; Financial Intermediation ; Financial Literacy ; Industry ; Legal Finance ; Private Sector Development
    Abstract: The objective of this paper is not to review the pros and cons of deposit insurance systems, but to focus, rather narrowly, on the recent adoption of a deposit insurance system (DIS) in Russia, the rationale offered, and the potential impact it might have on the stability and development of the Russian banking system. An attempt is made to draw some lessons from the implementation experience in Russia. The paper starts with a brief description of the Russian DIS, followed by an overview of the banking system's structure and some observations on the sequencing followed for adopting the DIS and the political economy of its adoption. It concludes with a discussion of areas requiring attention
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  • 18
    Language: English
    Pages: Online-Ressource (1 online resource (61 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Hertel, Thomas W Distributional Effects of WTO Agricultural Reforms In Rich And Poor Countries
    Keywords: Agricultural Liberalization ; Agricultural Products ; Agricultural Support ; Debt Markets ; Distributional Effects ; Economic Policies ; Economic Theory and Research ; Emerging Markets ; Farm Households ; Farm Income ; Farm Incomes ; Farm Sector ; Finance and Financial Sector Development ; Financial Literacy ; Food Price ; Free Trade ; Health, Nutrition and Population ; International Economics & Trade ; Macroeconomics and Economic Growth ; Population Policies ; Poverty Reduction ; Private Sector Development ; Pro-Poor Growth ; Rural Development ; Rural Poverty Reduction ; Agricultural Liberalization ; Agricultural Products ; Agricultural Support ; Debt Markets ; Distributional Effects ; Economic Policies ; Economic Theory and Research ; Emerging Markets ; Farm Households ; Farm Income ; Farm Incomes ; Farm Sector ; Finance and Financial Sector Development ; Financial Literacy ; Food Price ; Free Trade ; Health, Nutrition and Population ; International Economics & Trade ; Macroeconomics and Economic Growth ; Population Policies ; Poverty Reduction ; Private Sector Development ; Pro-Poor Growth ; Rural Development ; Rural Poverty Reduction ; Agricultural Liberalization ; Agricultural Products ; Agricultural Support ; Debt Markets ; Distributional Effects ; Economic Policies ; Economic Theory and Research ; Emerging Markets ; Farm Households ; Farm Income ; Farm Incomes ; Farm Sector ; Finance and Financial Sector Development ; Financial Literacy ; Food Price ; Free Trade ; Health, Nutrition and Population ; International Economics & Trade ; Macroeconomics and Economic Growth ; Population Policies ; Poverty Reduction ; Private Sector Development ; Pro-Poor Growth ; Rural Development ; Rural Poverty Reduction
    Abstract: Rich countries' agricultural trade policies are the battleground on which the future of the WTO's troubled Doha Round will be determined. Subject to widespread criticism, they nonetheless appear to be almost immune to serious reform, and one of their most common defenses is that they protect poor farmers. The authors' findings reject this claim. The analysis uses detailed data on farm incomes to show that major commodity programs are highly regressive in the United States, and that the only serious losses under trade reform are among large, wealthy farmers in a few heavily protected subsectors. In contrast, analysis using household data from 15 developing countries indicates that reforming rich countries' agricultural trade policies would lift large numbers of developing country farm households out of poverty. In the majority of cases these gains are not outweighed by the poverty-increasing effects of higher food prices among other households. Agricultural reforms that appear feasible, even under an ambitious Doha Round, achieve only a fraction of the benefits for developing countries that full liberalization promises, but protect U.S. large farms from most of the rigors of adjustment. Finally, the analysis indicates that maximal trade-led poverty reductions occur when developing countries participate more fully in agricultural trade liberalization
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  • 19
    Language: English
    Pages: Online-Ressource (1 online resource (17 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Ley, Eduardo Jointness In Bayesian Variable Selection With Applications To Growth Regression
    Keywords: Arts and Music ; Calibration ; Climate Change ; Counting ; Covariance ; Culture & Development ; Data ; Econometrics ; Economic ; Educational Technology and Distance Learning ; Environment ; Evaluation ; Finance and Financial Sector Development ; Financial Literacy ; Indicators ; Information Security and Privacy ; Less ; Linear Regression ; Logarithms ; Macroeconomics and Economic Growth ; Matrix ; Poverty Reduction ; Precision ; Pro-Poor Growth ; Probab ; Probabilities ; Science and Technology Development ; Statistical and Mathematical Sciences ; Arts and Music ; Calibration ; Climate Change ; Counting ; Covariance ; Culture & Development ; Data ; Econometrics ; Economic ; Educational Technology and Distance Learning ; Environment ; Evaluation ; Finance and Financial Sector Development ; Financial Literacy ; Indicators ; Information Security and Privacy ; Less ; Linear Regression ; Logarithms ; Macroeconomics and Economic Growth ; Matrix ; Poverty Reduction ; Precision ; Pro-Poor Growth ; Probab ; Probabilities ; Science and Technology Development ; Statistical and Mathematical Sciences ; Arts and Music ; Calibration ; Climate Change ; Counting ; Covariance ; Culture & Development ; Data ; Econometrics ; Economic ; Educational Technology and Distance Learning ; Environment ; Evaluation ; Finance and Financial Sector Development ; Financial Literacy ; Indicators ; Information Security and Privacy ; Less ; Linear Regression ; Logarithms ; Macroeconomics and Economic Growth ; Matrix ; Poverty Reduction ; Precision ; Pro-Poor Growth ; Probab ; Probabilities ; Science and Technology Development ; Statistical and Mathematical Sciences
    Abstract: The authors present a measure of jointness to explore dependence among regressors in the context of Bayesian model selection. The jointness measure they propose equals the posterior odds ratio between those models that include a set of variables and the models that only include proper subsets. They show its application in cross-country growth regressions using two data-sets from the model-averaging growth literature
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  • 20
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (47 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Das, Jishnu Learning Levels And Gaps In Pakistan
    DDC: 370
    Keywords: Adult Literacy ; Adult Literacy Rate ; Children ; Curriculum ; Education ; Education for All ; Effective Schools and Teachers ; Enrollment ; Formal Schooling ; Gender ; Gender and Education ; Girls ; Groups ; Human Development ; Knowledge ; Learning ; Literacy ; Net Enrol ; Primary Education ; Secondary Education ; Tertiary Education ; Adult Literacy ; Adult Literacy Rate ; Children ; Curriculum ; Education ; Education for All ; Effective Schools and Teachers ; Enrollment ; Formal Schooling ; Gender ; Gender and Education ; Girls ; Groups ; Human Development ; Knowledge ; Learning ; Literacy ; Net Enrol ; Primary Education ; Secondary Education ; Tertiary Education ; Adult Literacy ; Adult Literacy Rate ; Children ; Curriculum ; Education ; Education for All ; Effective Schools and Teachers ; Enrollment ; Formal Schooling ; Gender ; Gender and Education ; Girls ; Groups ; Human Development ; Knowledge ; Learning ; Literacy ; Net Enrol ; Primary Education ; Secondary Education ; Tertiary Education
    Abstract: The authors report on a survey of primary public and private schools in rural Pakistan with a focus on student achievement as measured through test scores. Absolute learning is low compared with curricular standards and international norms. Tested at the end of the third grade, a bare majority had mastered the K-I mathematics curriculum and 31 percent could correctly form a sentence with the word "school" in the vernacular (Urdu). As in high-income countries, bivariate comparisons show that higher learning is associated with household wealth and parental literacy. In sharp contrast to high-income countries, these gaps decrease dramatically in a multivariate regression once differences between children in the same school are looked at. Consequently, the largest gaps are between schools. The gap in English test scores between government and private schools, for instance, is 12 times the gap between children from rich and poor families. To contextualize these results within a broader South Asian context, the authors use data from public schools in the state of Uttar Pradesh in India. Levels of learning and the structure of the educational gaps are similar in the two samples. As in Pakistan, absolute learning is low and the largest gaps are between schools: the gap between good and bad government schools, for instance, is 5 times the gap between children with literate and illiterate mothers
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  • 21
    Language: English
    Pages: Online-Ressource (1 online resource (30 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Parrachino, Irene Cooperative Game Theory and its Application to Natural, Environmental, and Water Resource Issues
    Keywords: Kooperatives Spiel ; Umweltökonomik ; Theorie ; Economic Theory and Research ; Economics ; Efficiency ; Environment ; Environment ; Environmental ; Environmental Amenities ; Environmental Economics and Policies ; Environmental Issues ; Environmental Problems ; Environmental Resources ; Equity ; Expectations ; Labor Policies ; Macroeconomics and Economic Growth ; Models ; Social Protections and Labor ; Economic Theory and Research ; Economics ; Efficiency ; Environment ; Environment ; Environmental ; Environmental Amenities ; Environmental Economics and Policies ; Environmental Issues ; Environmental Problems ; Environmental Resources ; Equity ; Expectations ; Labor Policies ; Macroeconomics and Economic Growth ; Models ; Social Protections and Labor ; Economic Theory and Research ; Economics ; Efficiency ; Environment ; Environment ; Environmental ; Environmental Amenities ; Environmental Economics and Policies ; Environmental Issues ; Environmental Problems ; Environmental Resources ; Equity ; Expectations ; Labor Policies ; Macroeconomics and Economic Growth ; Models ; Social Protections and Labor
    Abstract: Game theory provides useful insights into the way parties that share a scarce resource may plan their use of the resource under different situations. This review provides a brief and self-contained introduction to the theory of cooperative games. It can be used to get acquainted with the basics of cooperative games. Its goal is also to provide a basic introduction to this theory, in connection with a couple of surveys that analyze its use in the context of environmental problems and models. The main models (bargaining games, transfer utility, and non-transfer utility games) and issues and solutions are considered: bargaining solutions, single-value solutions like the Shapley value and the nucleolus, and multi-value solutions such as the core. The cooperative game theory (CGT) models that are reviewed in this paper favor solutions that include all possible players and ignore the strategic stages leading to coalition building. They focus on the possible results of the cooperation by answering questions such as: Which coalitions can be formed? And how can the coalitional gains be divided to secure a sustainable agreement? An important aspect associated with the solution concepts of CGT is the equitable and fair sharing of the cooperation gains
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  • 22
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (38 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Loayza, Norman V The Composition of Growth Matters For Poverty Alleviation
    Keywords: Economic Growth ; Economic Growth ; Health, Nutrition and Population ; Household Income ; Household Survey ; Income ; Income Distribution ; Income Inequality ; Macroeconomics and Economic Growth ; Poor ; Poor Countries ; Poor Households ; Poor Individuals ; Population Policies ; Poverty ; Poverty ; Poverty Reduction ; Poverty Reduction Strategies ; Pro-Poor Growth ; Rural Development ; Rural Poverty Reduction ; Economic Growth ; Economic Growth ; Health, Nutrition and Population ; Household Income ; Household Survey ; Income ; Income Distribution ; Income Inequality ; Macroeconomics and Economic Growth ; Poor ; Poor Countries ; Poor Households ; Poor Individuals ; Population Policies ; Poverty ; Poverty ; Poverty Reduction ; Poverty Reduction Strategies ; Pro-Poor Growth ; Rural Development ; Rural Poverty Reduction ; Economic Growth ; Economic Growth ; Health, Nutrition and Population ; Household Income ; Household Survey ; Income ; Income Distribution ; Income Inequality ; Macroeconomics and Economic Growth ; Poor ; Poor Countries ; Poor Households ; Poor Individuals ; Population Policies ; Poverty ; Poverty ; Poverty Reduction ; Poverty Reduction Strategies ; Pro-Poor Growth ; Rural Development ; Rural Poverty Reduction
    Abstract: This paper contributes to explain the cross-country heterogeneity of the poverty response to changes in economic growth. It does so by focusing on the structure of output growth. The paper presents a two-sector theoretical model that clarifies the mechanism through which the sectoral composition of growth and associated labor intensity can affect workers' wages and, thus, poverty alleviation. Then it presents cross-country empirical evidence that analyzes first, the differential poverty-reducing impact of sectoral growth at various levels of disaggregation, and the role of unskilled labor intensity in such differential impact. The paper finds evidence that not only the size of economic growth but also its composition matters for poverty alleviation, with the largest contributions from labor-intensive sectors (such as agriculture, construction, and manufacturing). The results are robust to the influence of outliers, alternative explanations, and various poverty measures
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  • 23
    Language: English
    Pages: Online-Ressource (1 online resource (30 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Estache, Antonio Utilities Reforms And Corruption In Developing Countries
    Keywords: Data ; Data Analysis ; Databases ; E-Business ; Electricity ; Energy ; Energy Production and Transportation ; ICT Policy and Strategies ; Information ; Information and Communication Technologies ; Infrastructure Economics and Finance ; Infrastructure Regulation ; International Telecommunications ; Mobile Phones ; Performance ; Performance Indicators ; Poverty Monitoring and Analysis ; Poverty Reduction ; Price ; Prices ; Private Sector Development ; Private Security ; Public Sector Corruption and Anticorruption Measures ; Social Development ; Town Water Supply ; Water Supply and Sanitation ; Data ; Data Analysis ; Databases ; E-Business ; Electricity ; Energy ; Energy Production and Transportation ; ICT Policy and Strategies ; Information ; Information and Communication Technologies ; Infrastructure Economics and Finance ; Infrastructure Regulation ; International Telecommunications ; Mobile Phones ; Performance ; Performance Indicators ; Poverty Monitoring and Analysis ; Poverty Reduction ; Price ; Prices ; Private Sector Development ; Private Security ; Public Sector Corruption and Anticorruption Measures ; Social Development ; Town Water Supply ; Water Supply and Sanitation ; Data ; Data Analysis ; Databases ; E-Business ; Electricity ; Energy ; Energy Production and Transportation ; ICT Policy and Strategies ; Information ; Information and Communication Technologies ; Infrastructure Economics and Finance ; Infrastructure Regulation ; International Telecommunications ; Mobile Phones ; Performance ; Performance Indicators ; Poverty Monitoring and Analysis ; Poverty Reduction ; Price ; Prices ; Private Sector Development ; Private Security ; Public Sector Corruption and Anticorruption Measures ; Social Development ; Town Water Supply ; Water Supply and Sanitation
    Abstract: This paper shows empirically that "privatization" in the energy, telecommunications, and water sectors, and the introduction of independent regulators in those sectors, have not always had the expected effects on access, affordability, or quality of services. It also shows that corruption leads to adjustments in the quantity, quality, and price of services consistent with the profit-maximizing behavior that one would expect from monopolies in the sector. The results suggest that privatization and the introduction of independent regulators have, at best, only partial effects on the consequences of corruption for access, affordability, and quality of utility services
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  • 24
    Language: English
    Pages: Online-Ressource (1 online resource (45 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Chen, Shaohua Are There Lasting Impacts of Aid To Poor Areas ?
    Keywords: Aid Effectiveness ; Anti-Poverty ; Communities & Human Settlements ; Community Participation ; Counterfactual ; Debt Markets ; Economic Growth ; Economic Theory and Research ; Extreme Poverty ; Finance and Financial Sector Development ; Financial Literacy ; Household Survey ; Housing and Human Habitats ; Income ; Income Gains ; Inequality ; Macroeconomics and Economic Growth ; Market Failures ; Poor ; Poverty Monitoring and Analysis ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Services and Transfers to Poor ; Aid Effectiveness ; Anti-Poverty ; Communities & Human Settlements ; Community Participation ; Counterfactual ; Debt Markets ; Economic Growth ; Economic Theory and Research ; Extreme Poverty ; Finance and Financial Sector Development ; Financial Literacy ; Household Survey ; Housing and Human Habitats ; Income ; Income Gains ; Inequality ; Macroeconomics and Economic Growth ; Market Failures ; Poor ; Poverty Monitoring and Analysis ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Services and Transfers to Poor ; Aid Effectiveness ; Anti-Poverty ; Communities & Human Settlements ; Community Participation ; Counterfactual ; Debt Markets ; Economic Growth ; Economic Theory and Research ; Extreme Poverty ; Finance and Financial Sector Development ; Financial Literacy ; Household Survey ; Housing and Human Habitats ; Income ; Income Gains ; Inequality ; Macroeconomics and Economic Growth ; Market Failures ; Poor ; Poverty Monitoring and Analysis ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Services and Transfers to Poor
    Abstract: The paper revisits the site of a large, World Bank-financed, rural development program in China 10 years after it began and four years after disbursements ended. The program emphasized community participation in multi-sectoral interventions (including farming, animal husbandry, infrastructure and social services). Data were collected on 2,000 households in project and nonproject areas, spanning 10 years. A double-difference estimator of the program's impact (on top of pre-existing governmental programs) reveals sizeable short-term income gains that were mostly saved. Only modest gains to mean consumption emerged in the longer term-in rough accord with the gain to permanent income. Certain types of households gained more than others. The educated poor were under-covered by the community-based selection process-greatly reducing overall impact. The main results are robust to corrections for various sources of selection bias, including village targeting and interference due to spillover effects generated by the response of local governments to the external aid
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  • 25
    Language: English
    Pages: Online-Ressource (1 online resource (35 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Bussolo, Maurizio The Impact of Commodity Price Changes On Rural Households
    Keywords: Agricultural Activities ; Agriculture ; Alternative Crops ; Capital Incomes ; Coffee ; Coffee Farmers ; Coffee Market ; Coffee Prices ; Coffee Production ; Coffee Sector ; Commodity ; Cotton ; Cotton ; Crops and Crop Management Systems ; Agricultural Activities ; Agriculture ; Alternative Crops ; Capital Incomes ; Coffee ; Coffee Farmers ; Coffee Market ; Coffee Prices ; Coffee Production ; Coffee Sector ; Commodity ; Cotton ; Cotton ; Crops and Crop Management Systems ; Agricultural Activities ; Agriculture ; Alternative Crops ; Capital Incomes ; Coffee ; Coffee Farmers ; Coffee Market ; Coffee Prices ; Coffee Production ; Coffee Sector ; Commodity ; Cotton ; Cotton ; Crops and Crop Management Systems
    Abstract: Policies and external shocks affecting agriculture, the main source of income for rural households, can be expected to have a significant impact on poverty. The authors study the case of Uganda. Throughout the 1990s, more than 90 percent of its poor lived in rural areas and, during the same period, large international price fluctuations as well as an extensive domestic deregulation affected the coffee sector, its main source of export revenues. Using data from three household surveys covering the 1990s, the authors confirm a strong correlation between changes in coffee prices (in a liberalized market) and poverty reduction. This is highlighted by comparing the performance of different households grouped according to their dependence on coffee farming. Regression analysis (based on pooled data from the three surveys) of consumption expenditure on coffee-related variables, other controls, and time-fixed effects corroborates that the mentioned correlation is not spurious. The authors also find that while both poor and rich farmers enter the coffee sector, the price boom benefits the poorer households relatively more, whereas the liberalization seems to create more opportunities for richer farmers. Finally, notwithstanding the importance of the coffee price boom, the agricultural policy framework and the thorough structural reforms in which the coffee market liberalization was embedded have certainly played a role in triggering overall agricultural growth. These factors appear to matter especially in the second half of the 1990s when prices went down but poverty reduction continued
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  • 26
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (21 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Dhillon, Amrita Development And The Interaction of Enforcement Institutions
    Keywords: Adverse Selection ; Asymmetric Information ; Competitiveness and Competition Policies ; Consumers ; Cred Economic Performance ; Debt Markets ; E-Business ; Economic Theory and Research ; Emerging Markets ; Equilibrium ; Expected Utility ; Finance and Financial Sector Development ; Financial Literacy ; Fixed Costs ; Incentives ; Influence ; Insurance and Risk Mitigation ; Investment ; Labor Policies ; Macroeconomics and Economic Growth ; Marginal Costs ; Microfinance ; Private Sector Development ; Public Sector Development ; Social Protections and Labor ; Adverse Selection ; Asymmetric Information ; Competitiveness and Competition Policies ; Consumers ; Cred Economic Performance ; Debt Markets ; E-Business ; Economic Theory and Research ; Emerging Markets ; Equilibrium ; Expected Utility ; Finance and Financial Sector Development ; Financial Literacy ; Fixed Costs ; Incentives ; Influence ; Insurance and Risk Mitigation ; Investment ; Labor Policies ; Macroeconomics and Economic Growth ; Marginal Costs ; Microfinance ; Private Sector Development ; Public Sector Development ; Social Protections and Labor ; Adverse Selection ; Asymmetric Information ; Competitiveness and Competition Policies ; Consumers ; Cred Economic Performance ; Debt Markets ; E-Business ; Economic Theory and Research ; Emerging Markets ; Equilibrium ; Expected Utility ; Finance and Financial Sector Development ; Financial Literacy ; Fixed Costs ; Incentives ; Influence ; Insurance and Risk Mitigation ; Investment ; Labor Policies ; Macroeconomics and Economic Growth ; Marginal Costs ; Microfinance ; Private Sector Development ; Public Sector Development ; Social Protections and Labor
    Abstract: The authors examine how institutions that enforce contracts between two parties-producers and consumers-interact in a competitive market with one-sided asymmetric information and productivity shocks. They compare an informal enforcement mechanism, reputation, the efficacy of which is enhanced by consumers investing in "connectedness," with a formal mechanism, legal enforcement, the effectiveness of which can be reduced by producers by means of bribes. When legal enforcement is poor, consumers connect more with one another to improve informal enforcement. In contrast, a well-connected network of consumers reduces producers' incentives to bribe. In equilibrium, the model predicts a positive relationship between the frequency of productivity shocks, bribing, and the use of informal enforcement, providing a physical explanation of why developing countries often fail to have efficient legal systems. Firm-level estimations confirm the partial equilibrium implications of the model
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  • 27
    Language: English
    Pages: Online-Ressource (1 online resource (59 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Buys, Piet Road Network Upgrading And Overland Trade Expansion In Sub-Saharan Africa
    Keywords: Bridge ; Costs ; Heavy Trucks ; High Transport ; Highway ; Infrastructure Development ; Infrastructure Planning ; Initiatives ; Journey ; Road ; Road Network ; Road Transport ; Transport ; Transport Economics, Policy and Planning ; Bridge ; Costs ; Heavy Trucks ; High Transport ; Highway ; Infrastructure Development ; Infrastructure Planning ; Initiatives ; Journey ; Road ; Road Network ; Road Transport ; Transport ; Transport Economics, Policy and Planning ; Bridge ; Costs ; Heavy Trucks ; High Transport ; Highway ; Infrastructure Development ; Infrastructure Planning ; Initiatives ; Journey ; Road ; Road Network ; Road Transport ; Transport ; Transport Economics, Policy and Planning
    Abstract: Recent research suggests that isolation from regional and international markets has contributed significantly to poverty in many Sub-Saharan African countries. Numerous empirical studies identify poor transport infrastructure and border restrictions as significant deterrents to trade expansion. In response, the African Development Bank has proposed an integrated network of functional roads for the subcontinent. Drawing on new econometric results, the authors quantify the trade-expansion potential and costs of such a network. They use spatial network analysis techniques to identify a network of primary roads connecting all Sub-Saharan capitals and other cities with populations over 500,000. The authors estimate current overland trade flows in the network using econometrically-estimated gravity model parameters, road transport quality indicators, actual road distances, and estimates of economic scale for cities in the network. Then they simulate the effect of feasible continental upgrading by setting network transport quality at a level that is functional, but less highly developed than existing roads in countries like South Africa and Botswana. The authors assess the costs of upgrading with econometric evidence from a large World Bank database of road project costs in Africa. Using a standard approach to forecast error estimation, they derive a range of potential benefits and costs. Their baseline results indicate that continental network upgrading would expand overland trade by about
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  • 28
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 0821367048 , 9780821367056 , 9780821367049
    Language: English
    Pages: Online-Ressource (1 online resource (124 p.))
    Edition: Online-Ausg.] World Bank E-Library Archive
    Series Statement: Africa Development Indicators
    DDC: 338.96
    Keywords: Economic indicators ; Social indicators ; Africa Statistics Social conditions 1960- ; Africa Statistics Economic conditions 1960-
    Abstract: A pocket-sized reference on key development data for over 50 countries in Africa, this book provides profiles of each country with 54 development indicators about people, environment, economy, technology, infrastructure, trade and finance. A must have for anyone interested in today's development challenges in sub-Saharan Africa
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  • 29
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other papers
    Series Statement: World Bank E-Library Archive
    Abstract: Good governance is now accepted as vital to achieving the Millennium Development Goals and as a pre-condition for sustainable economic growth. Ensuring better governance of corporations, financial institutions and markets is increasingly recognised for developing countries despite the limited number of firms there with widely traded shares (Oman and Blume 2005). For developing countries, significant benefits can be linked to higher corporate governance standards in the private sector. These include better access to external finance, lower costs of capital and better firm performance (Claessens 2003). The corporate governance agenda has also been broadened by the recognition of the reach of corporate models characterised by different forms and structures to the Anglo-American model of an investor owned firm. However until now little attention has been paid to the governance needs of other institutional forms of business such as co-operatives despite their considerable presence in many developing countries. The co-operative sector as a whole remains poorly understood and its specific governance challenges remain as yet largely unexplored. This aim of this paper is to begin to remedy this absence. Taking as a starting point the distinct nature of co-operatives, relevant trends and issues within corporate governance are explored within the framework of the co-operative sector
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  • 30
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Investment Climate Assessment
    Series Statement: World Bank E-Library Archive
    Abstract: This analysis demonstrate ...
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  • 31
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Paul Wolfowitz, President of the World Bank, discussed the fight against poverty during the last 20 years, during which East Asian countries have made progress, but Sub-Saharan African poverty has doubled. Oil revenues far exceed official development assistance. Yet for some countries it has been more of a curse than a blessing. Corruption and waste has led to distorted economies and demoralized societies in which government power has become an object of plunder leading to civil war and social chaos. The Extractive Industries Transparency Initiative (EITI) aims to improve governance in resource-rich countries through disclosure and verification of company payments and government revenues from oil, gas, and mining. It focuses on transparency, which is one important aspect of governance-but it is an important step towards transforming resources into real development impact, to real effect on the lives of the poor. He spoke about EITI process still facing many challenges ahead. If EITI is to succeed, it must engage every group that has a stake in the country's future. EITI process requires governments to significantly increase their capacity while coping with other pressing demands. Making EITI succeed means going beyond just EITI in making revenues more transparent. We need to begin a vigorous effort in the area of helping countries recover stolen assets. For most countries EI revenues by themselves will not be enough by themselves to guarantee higher living standards for all citizens. We must do everything we can to help these countries transform their wealth into a brighter future for every citizen
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  • 32
    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Paul Wolfowitz, President of the World Bank, and Ambassador Andrew Young engaged in a roundtable discussion on economic development, moderated by Dean Bahl of Georgia State. Wolfowitz has made Africa the first priority of the Bank. There is really a chance for Africa to turn the corner. It's going to have to start with the best performers, doing what the so-called Tigers did in East Asia, showing the way for other countries. Young said you can make more money honestly in a growing economy, than you can steal in a dying economy. Wolfowitz gave examples of the turnaround in Africa. Africa needs an environment where foreign investment support and local domestic investment is even more important
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  • 33
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Paul Wolfowitz, President of the World Bank, talked about a new generation of leaders emerging in Africa, who increasingly recognize their responsibility to their people. The landscape across Africa is changing. Conflicts diminish. Small Businesses emerge. We are seeing a new breath of hope infused in all parts of that continent. More and more Africans are saying they can't live with corruption. Strong U.S. support for foreign aid is particularly important to help address issues important to Americans, issues like government transparency, anti-corruption, and civil society participation. Wolfowitz concluded that it will be up to Africans most of all to bring about the momentous changes needed to conquer poverty. But as Americans we must be able to say that we did everything we could to give them the hand that they need and deserve
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  • 34
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: World Development Report Background Papers
    Abstract: The following pages relate to the experience of over three thousand young people with regards to what it means for them to be coming of age in today's world. Between September 2005 and April 2006, these young women and men met in twenty-six developing countries to talk about what concerns them: getting a degree, landing a job, staying healthy, finding a partner, moving into their own place, and making a difference in their society. By voicing their concerns and policy demands, these young people contributed to what is universally regarded as one of the most influential perennial development research publications: The World Development Report (WDR). The authors of the report recognized the value of listening to the subjects of their research and working together with a team of consultation experts to devise what may well be among the most extensive stakeholder consultation processes to date. Given the focus of the 2007 WDR on youth, it was especially important to devise a consultative process that will foster a dialogue not only about youth but also with young people themselves. At the same time, it had to be made clear to the youth constituency that the report could not be written by youth. The consultations had three clearly stated objectives: information, validation, and traction. They provided information to the team of researchers to learn about and understand the perspectives of the young people. Moreover, the dialogue with the youth in developing countries helped the team to validate their research. Finally, the consultations were also a key instrument to foster political traction with global youth organizations, governmental agencies, and development partners to enhance the 'operationalization' of the report
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  • 35
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Country Environmental Analysis
    Abstract: Since the signing of the Peace Accords in 1996, Guatemala has made substantial progress in consolidating peace and democracy. While progress in socioeconomic development has been uneven, there have been important gains in education and health coverage, sustained increases in social sector spending, improved coverage of basic utility services, and better management of public finances, among other gains. Unfortunately, progress has been slower than expected in several important areas, including economic growth rates. Based on the best regional and international practices, this report concludes that mainstreaming environmental considerations into sectoral policies rather than scaling-up the operations of environmental agencies is the best way to prepare Guatemalan institutions for current environmental challenges and those it will encounter in the future. The report also emphasizes the need to provide the right incentives to economic agents (e.g., promoting compliance through achievable requirements but with credible sanctions to violators, rather than trying to change behavior by threatening with criminal charges that are ultimately not enforced), and to engage civil society by improving information and participation mechanisms
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  • 36
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Country Environmental Analysis
    Abstract: El Salvador, a small country with limited national resources, needs to grow through its main comparative advantage, which is its strong culture of competitive businesses. To do so, however, the government needs to ensure that the best affordable environmental management is in place to secure sustainable economic development. The benefits of further improvements to the environmental institutional and regulatory frameworks will be substantial not only to facilitate and sustain trade and infrastructure expansion, but in terms of preserving the natural resource base on which economic growth depends. Moreover, while DR-CAFTA is expected to bring new possibilities for investment and trade, the agreement will also raise the scrutiny and monitoring by El Salvador's trade partners regarding environmental compliance. Maintaining low compliance rates would add unnecessary friction and raise the regulatory risks for investing in the country
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  • 37
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Country Environmental Analysis
    Abstract: The urgency of addressing Pakistan's environmental problems has probably never been greater. Conservative estimates presented in this report suggest that environmental degradation costs the country at least 6 percent of GDP, or about Rs. 365 billion per year, and these costs fall disproportionately upon the poor. The most significant causes of environmental damage identified and estimated in this report are (1) illness and premature mortality caused by air pollution (indoor and outdoor), (almost 50 percent oft he total damage cost); (2) diarrhoeal diseases and typhoid due to inadequate water supply, sanitation and hygiene (about 30 percent of the total), and (3) reduced agricultural productivity due to soil degradation (about 20 percent of the total). The magnitude of these costs indicates that environmental decay has become a serious development concern. Following a discussion of the analytical framework for environmental outcomes, , the report analyzes the main binding constraints to improving environmental performance as falling into four categories, (1) gaps in institutional design, (2) gaps in the regulatory framework, (3) capacity limitations, and (4) gaps in incentives and accountability. Of these, weak incentives and low levels of public accountability remain the critical constraints on performance. Public scrutiny of performance is ultimately a source of strength that leads to stronger institutions with greater public trust and support. The principal features of these constraints are discussed, as are recommendations for moving forward to more sustainable economic growth. The annex (Volume 2) provides a comprehensive overview of the data and methods used to estimate the costs of environmental degradation in three environmental damage categories and three natural resource damage categories: (1) urban air pollution, including particulate matter and lead, (2) water supply, sanitation and hygiene, (3) indoor air pollution, (4) agricultural damage from soil salinity and erosion, (5) rangeland degradation, and (6) deforestation. Data limitations have prevented estimation of degradation costs at the national level for coastal zones, municipal waste disposal, and inadequate industrial and hospital waste management
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  • 38
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 0821364766 , 9780821364826 , 9780821364765
    Language: English
    Pages: Online-Ressource (1 online resource (236 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Series Statement: World Development Indicators
    Abstract: A pocket-sized reference on key environmental data for over 200 countries that includes key indicators on agriculture, forestry, biodiversity, energy, emission and pollution, and water and sanitation
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 39
    ISBN: 0821359916 , 9780821366233 , 9780821359914
    Language: English
    Pages: Online-Ressource (1 online resource (472 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Series Statement: Global Development Finance
    Abstract: International private capital flows to developing countries reached a record net level of
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 40
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 082136488X , 9780821364895 , 9780821364888
    Language: English
    Pages: Online-Ressource (1 online resource (188 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Series Statement: Doing Business
    Abstract: Doing Business 2007 focuses on reforms, identifies top reformers in business regulation, and best practices in how to reform. This volume is the fourth in a series of annual reports investigating global regulations that enhance business activity and those that constrain it. Co-sponsored by the World Bank and the International Finance Corporation - the private sector arm of the World Bank Group - this year's report measures quantitative indicators on business regulations and their enforcement compared across 175 countries - from Afghanistan to Zimbabwe - and over time. Doing Business 2007 updates indicators developed in the three preceding reports. The ten indicators are: starting a business, dealing with licenses, hiring and firing, registering property, getting credit, protecting investors, trading across borders, paying taxes, enforcing contracts, and closing a business. The indicators are used to analyze economic and social outcomes, such as informality, corruption, unemployment, and poverty. This annually published report gives policymakers the ability to measure regulatory performance in comparison to other countries, learn from best practices globally, and prioritize reforms. This year's report covers 20 additional countries
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  • 41
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 0821369067 , 9780821369074 , 9780821369067
    Language: English
    Pages: Online-Ressource (1 online resource (116 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Series Statement: Independent Evaluation Group Studies
    Abstract: The "results agenda" adopted by the World Bank and other donors aims to ensure that development assistance yields sustainable poverty reduction. Effective poverty reduction results from three main factors: sustained and inclusive growth, effective service delivery to the poor, and capable public sector institutions that are accountable to stakeholders for the results they achieve. The Annual Review of Development Effectiveness 2006 assembles evaluative evidence around three questions central to poverty reduction: How effectively has economic growth translated into poverty reduction in Bank-assisted countries and what factors have affected these results? What factors have led to high-quality results in areas that deliver services to the poor? What measures help raise the accountability of public institutions responsible for delivering and sustaining these results? The report identifies three key areas where the World Bank can further strengthen its effectiveness in helping countries reduce poverty. Economic growth has improved in many Bank client countries but a stronger focus on the nature of growth is needed to ensure that such growth leads to jobs for the poor and productivity increases in poorer regions and sectors where the poor earn their incomes. Consistent use of a clearly articulated results chain helps ensure that Bank country assistance programs and individual projects set realistic objectives, that key cross-sectoral constraints to achieving them are adequately considered and that due attention is given to building capacity. A realistic assessment of the political economy of governance-related reforms is needed to tailor efforts to increase the accountability of public sector institutions to local conditions
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  • 42
    Language: English
    Pages: Online-Ressource (1 online resource (43 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Stifel, David Tracking Poverty Over Time In The Absence of Comparable Consumption Data
    Keywords: Agricultural Production ; Developing Countries ; Health Services ; Health, Nutrition and Population ; Household Assets ; Household Level ; Malaria ; Millennium Development Goals ; National Level ; Policy ; Policy Research ; Population Policies ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Agricultural Production ; Developing Countries ; Health Services ; Health, Nutrition and Population ; Household Assets ; Household Level ; Malaria ; Millennium Development Goals ; National Level ; Policy ; Policy Research ; Population Policies ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Agricultural Production ; Developing Countries ; Health Services ; Health, Nutrition and Population ; Household Assets ; Household Level ; Malaria ; Millennium Development Goals ; National Level ; Policy ; Policy Research ; Population Policies ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction
    Abstract: Following the endorsement of the Millennium Development Goals, there is an increasing demand for methods to track poverty regularly. This paper develops an economically intuitive and inexpensive methodology to do so in the absence of regular, comparable data on household consumption. The minimum data requirements for the methodology are the availability of a household budget survey and a series of surveys with a comparable set of asset data also contained in the budget survey. The methodology is illustrated using a series of Demographic Health Surveys from Kenya
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  • 43
    Language: English
    Pages: Online-Ressource (1 online resource (35 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Mansuri, Ghazala Incomplete Contracts And Investment
    Keywords: Asymmetric Information ; Bank Policy ; Communities & Human Settlements ; Contract ; Contract Law ; Contracts ; Debt Markets ; Economic Theory and Research ; Economic Transactions ; Exchange ; Expropriation ; Finance and Financial Sector Development ; Financial Literacy ; Investment ; Investment Behavior ; Investment Decision ; Investment and Investment Climate ; Investments ; Labor Policies ; Law and Development ; Macroeconomics and Economic Growth ; Municipal Housing and Land ; Political Economy ; Private Sector Development ; Real Estate Development ; Social Protections and Labor ; Asymmetric Information ; Bank Policy ; Communities & Human Settlements ; Contract ; Contract Law ; Contracts ; Debt Markets ; Economic Theory and Research ; Economic Transactions ; Exchange ; Expropriation ; Finance and Financial Sector Development ; Financial Literacy ; Investment ; Investment Behavior ; Investment Decision ; Investment and Investment Climate ; Investments ; Labor Policies ; Law and Development ; Macroeconomics and Economic Growth ; Municipal Housing and Land ; Political Economy ; Private Sector Development ; Real Estate Development ; Social Protections and Labor ; Asymmetric Information ; Bank Policy ; Communities & Human Settlements ; Contract ; Contract Law ; Contracts ; Debt Markets ; Economic Theory and Research ; Economic Transactions ; Exchange ; Expropriation ; Finance and Financial Sector Development ; Financial Literacy ; Investment ; Investment Behavior ; Investment Decision ; Investment and Investment Climate ; Investments ; Labor Policies ; Law and Development ; Macroeconomics and Economic Growth ; Municipal Housing and Land ; Political Economy ; Private Sector Development ; Real Estate Development ; Social Protections and Labor
    Abstract: When contracts are incomplete, relationship-specific investments may be underprovided due to the threat of opportunistic expropriation or holdup. The authors find evidence of such underinvestment on tenanted land in rural Pakistan. Using data from households cultivating multiple plots under different tenure arrangements, they show that land-specific investment is lower on leased plots. This result is robust to the possible effects of asymmetric information in the leasing market. Greater tenure security also increases land-specific investment on leased plots. Moreover, variation in tenure security appears to be driven largely by heterogeneity across landlords, suggesting that reputation may be important in mitigating the holdup problem
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  • 44
    Language: English
    Pages: Online-Ressource (1 online resource (65 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Nabli, Mustapha Kamel Governance And Private Investment In The Middle East And North Africa
    Keywords: Accountability ; Bureaucratic Quality ; Civil Liberties ; Corruption ; Debt Markets ; Democratic Institutions ; Economic Activity ; Economic Policies ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial Development ; Financial Literacy ; Governance ; Governance Indicators ; Governance Institutions ; Governance Quality ; Human Development ; Investment Climate ; Investment and Investment Climate ; Labor Policies ; Macroeconomics and Economic Growth ; National Governance ; Non Bank Financial Institutions ; Participation ; Political Economy ; Political Instability ; Political Rights ; Political Stability ; Private Sector Development ; Property Rights ; Rule of Law ; Security ; Social Protections and Labor ; Accountability ; Bureaucratic Quality ; Civil Liberties ; Corruption ; Debt Markets ; Democratic Institutions ; Economic Activity ; Economic Policies ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial Development ; Financial Literacy ; Governance ; Governance Indicators ; Governance Institutions ; Governance Quality ; Human Development ; Investment Climate ; Investment and Investment Climate ; Labor Policies ; Macroeconomics and Economic Growth ; National Governance ; Non Bank Financial Institutions ; Participation ; Political Economy ; Political Instability ; Political Rights ; Political Stability ; Private Sector Development ; Property Rights ; Rule of Law ; Security ; Social Protections and Labor ; Accountability ; Bureaucratic Quality ; Civil Liberties ; Corruption ; Debt Markets ; Democratic Institutions ; Economic Activity ; Economic Policies ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial Development ; Financial Literacy ; Governance ; Governance Indicators ; Governance Institutions ; Governance Quality ; Human Development ; Investment Climate ; Investment and Investment Climate ; Labor Policies ; Macroeconomics and Economic Growth ; National Governance ; Non Bank Financial Institutions ; Participation ; Political Economy ; Political Instability ; Political Rights ; Political Stability ; Private Sector Development ; Property Rights ; Rule of Law ; Security ; Social Protections and Labor
    Abstract: This paper addresses the issue of the low level of private investment in the Middle East and North Africa (MENA) region, with special emphasis on the role of governance. Based on the existing literature, the authors categorize what types of governance institutions are more detrimental to entrepreneurial investments. They then estimate a simultaneous model of private investment and governance quality where economic policies concurrently explain both variables. The empirical results show that governance plays a significant role in private investment decisions. This result is particularly true in the case of "administrative quality" in the form of control of corruption, bureaucratic quality, investment-friendly profile of administration, and law and order, as well as for "political stability." Evidence in favor of "public accountability" seems, however, less robust. The estimations also stress that structural reforms-such as financial development and trade openness-and human development affect private investment decisions directly, and/or through their positive impact on governance. These findings bring new empirical evidence on the subject of private investment in the developing world and in MENA countries in particular
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  • 45
    Language: English
    Pages: Online-Ressource (1 online resource (45 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: De la Cruz, Javier Financial System Structure In Colombia
    Keywords: Bank Policy ; Banks and Banking Reform ; Collective Investment ; Conflicts of Interest ; Corporate Law ; Credit Institutions ; Debt Markets ; Depos Exchange ; Emerging Markets ; Finance and Financial Sector Development ; Financial Institutions ; Financial Intermediation ; Financial Literacy ; Financial Performance ; Financial Structure ; Financial System ; Investment and Investment Climate ; Law and Development ; Macroeconomics and Economic Growth ; Non-Bank Financial Institutions ; Private Sector Development ; Bank Policy ; Banks and Banking Reform ; Collective Investment ; Conflicts of Interest ; Corporate Law ; Credit Institutions ; Debt Markets ; Depos Exchange ; Emerging Markets ; Finance and Financial Sector Development ; Financial Institutions ; Financial Intermediation ; Financial Literacy ; Financial Performance ; Financial Structure ; Financial System ; Investment and Investment Climate ; Law and Development ; Macroeconomics and Economic Growth ; Non-Bank Financial Institutions ; Private Sector Development ; Bank Policy ; Banks and Banking Reform ; Collective Investment ; Conflicts of Interest ; Corporate Law ; Credit Institutions ; Debt Markets ; Depos Exchange ; Emerging Markets ; Finance and Financial Sector Development ; Financial Institutions ; Financial Intermediation ; Financial Literacy ; Financial Performance ; Financial Structure ; Financial System ; Investment and Investment Climate ; Law and Development ; Macroeconomics and Economic Growth ; Non-Bank Financial Institutions ; Private Sector Development
    Abstract: The objective of this policy paper is to identify and propose high-level legal and regulatory reforms to Colombia's financial system structure that would enhance efficiency and/or mitigate risks. Five specific and four general reforms are proposed and evaluated based on their compatibility with the aforementioned objectives, ease of implementation, impact, and consistency with international practice. Potential implications for supervision and competition, as well as likely criteria for developing a carefully sequenced reform roadmap, are also highlighted
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  • 46
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (19 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Ersado, Lire Rural Vulnerability In Serbia
    Keywords: Access To Markets ; Agricultural Sector ; Covariate Shocks ; Drought ; Health, Nutrition and Population ; Household Vulnerability ; Household Welfare ; Human Development ; Income ; Measures ; Poor ; Poor Households ; Population Policies ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Access To Markets ; Agricultural Sector ; Covariate Shocks ; Drought ; Health, Nutrition and Population ; Household Vulnerability ; Household Welfare ; Human Development ; Income ; Measures ; Poor ; Poor Households ; Population Policies ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Access To Markets ; Agricultural Sector ; Covariate Shocks ; Drought ; Health, Nutrition and Population ; Household Vulnerability ; Household Welfare ; Human Development ; Income ; Measures ; Poor ; Poor Households ; Population Policies ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction
    Abstract: In the presence of risk and uncertainty, measures such as poverty rates are inadequate to analyze the well-being of poor households. The poor are not only concerned about the current low levels of their income or consumption, but also the likelihood of experiencing stressful declines in these levels in the future. Risks to livelihood are particularly important in rural areas where there is generally high dependence on agriculture and the environment. In this study, the author analyzes the nature, extent, and causes of rural vulnerability in Serbia using panel national household data from the 2002 and 2003 Serbia Living Standard Surveys. He measures rural vulnerability as a function of nonstochastic determinants of poverty as well as exposure to risk. While low levels of consumption (poverty) explain about 70 percent of vulnerability, the author identifies risk and uncertainty as crucial dimensions of rural life in accounting for the remaining 30 percent of household vulnerability. Households and regions with a greater share of their livelihood depending on agricultural activities are more at risk of vulnerability than those with a significantly higher share of their income coming from nonagricultural sources. Dependence on agricultural income is directly associated with higher aggregate risk, underscoring the agricultural sector's lopsided exposure to covariate shocks in general, and the negative impact of the 2003 drought in particular. Rural vulnerability to poverty and risk is also strongly associated with asset ownership and access to markets to mobilize them in time of need
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  • 47
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (63 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Ronchi, Loraine Fairtrade And Market Failures In Agricultural Commodity Markets
    Keywords: Access to Markets ; Agriculture ; Crops and Crop Management Systems ; Demand ; Export Markets ; International Economics & Trade ; Macroeconomics and Economic Growth ; Market ; Market Failures ; Market Power ; Market Share ; Marketing ; Markets ; Markets and Market Access ; Price ; Price Policy ; Price Risk ; Prices ; Prices ; Producer Price ; Access to Markets ; Agriculture ; Crops and Crop Management Systems ; Demand ; Export Markets ; International Economics & Trade ; Macroeconomics and Economic Growth ; Market ; Market Failures ; Market Power ; Market Share ; Marketing ; Markets ; Markets and Market Access ; Price ; Price Policy ; Price Risk ; Prices ; Prices ; Producer Price ; Access to Markets ; Agriculture ; Crops and Crop Management Systems ; Demand ; Export Markets ; International Economics & Trade ; Macroeconomics and Economic Growth ; Market ; Market Failures ; Market Power ; Market Share ; Marketing ; Markets ; Markets and Market Access ; Price ; Price Policy ; Price Risk ; Prices ; Prices ; Producer Price
    Abstract: This paper concerns an NGO intervention in agricultural commodity markets known as Fairtrade. Fairtrade pays producers a minimum unit price and provides capacity building support to member cooperative organizations. Fairtrade's organizational capacity support targets those factors believed to reduce the commodity producer's share of returns. Specifically, Fairtrade justifies its intervention in markets like coffee by claiming that market power and a lack of capacity in producer organizations 'marks down' the prices producers receive. As the market share of Fairtrade coffee grows in importance, its intervention in commodity markets is of increasing interest. Using an original data set collected from fieldwork in Costa Rica, this paper assesses the role of Fairtrade in overcoming the market factors it claims limits producer returns. Features of the Costa Rican input market for coffee permit a generalization of the results. The empirical results find that market power is a limiting factor in the Costa Rican market and that Fairtrade does improve the efficiency of cooperatives, thereby increasing the returns to producers. These results do not depend on the minimum price policy of Fairtrade and therefore can inform on its organizational support activities. Finally, the results also suggest that producers selling to vertically integrated, multinational coffee mills face lower producer price 'mark-downs' compared with domestically owned non-cooperative mills. This result contradicts the popular view that the increasing concentration of vertically integrated multinational firms accounts for a decline in producers' share of coffee returns
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  • 48
    Language: English
    Pages: Online-Ressource (1 online resource (22 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Angel-Urdinola, Diego F Do Subsidized Health Programs In Armenia Increase Utilization Among The Poor?
    Keywords: Children ; Families ; Health ; Health Care ; Health Monitoring and Evaluation ; Health Outcomes ; Health Services ; Health Systems Development and Reform ; Health, Nutrition and Population ; Hospitals ; Medicines ; Migration ; Morbidity ; Mortality ; Nurses ; Outpatient Care ; Children ; Families ; Health ; Health Care ; Health Monitoring and Evaluation ; Health Outcomes ; Health Services ; Health Systems Development and Reform ; Health, Nutrition and Population ; Hospitals ; Medicines ; Migration ; Morbidity ; Mortality ; Nurses ; Outpatient Care ; Children ; Families ; Health ; Health Care ; Health Monitoring and Evaluation ; Health Outcomes ; Health Services ; Health Systems Development and Reform ; Health, Nutrition and Population ; Hospitals ; Medicines ; Migration ; Morbidity ; Mortality ; Nurses ; Outpatient Care
    Abstract: This article analyzes the extent to which the Basic Benefit Package (BBP), a subsidized health program in Armenia, increases utilization and affordability of outpatient health care among the poor. The authors find that beneficiaries of the BBP pay approximately 45 percent less in fees for doctor visits (and display 36 percent higher outpatient utilization rates) than eligible users not receiving the BBP. However, even among BBP beneficiaries the level of outpatient health care utilization remains low. This occurs because the program mainly provides discounted fees for doctor visits, but fees do not constitute the main financial constraint for users. The authors estimate suggest that other non-fee expenditures, such as prescription medicines, constitute a more significant financial constraint and are not subsidized by the BBP. As a result, outpatient health care remains expensive even for BBP beneficiaries
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  • 49
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (31 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: McKenzie, David J A Profile of The World's Young Developing Country Migrants
    Keywords: Adolescent Health ; Communities & Human Settlements ; Country of Origin ; Culture & Development ; Developing Countries ; Gender ; Gender and Development ; Gender and Health ; Health, Nutrition and Population ; Housing and Human Habitats ; Human Capital ; Internal Migration ; Labor Force ; Migrant ; Migrants ; Migration ; Movement of People ; Policy ; Policy ; Policy Research ; Population Policies ; Population and Development ; Social Development ; Voluntary and Involuntary Resettlement ; Youth and Government ; Adolescent Health ; Communities & Human Settlements ; Country of Origin ; Culture & Development ; Developing Countries ; Gender ; Gender and Development ; Gender and Health ; Health, Nutrition and Population ; Housing and Human Habitats ; Human Capital ; Internal Migration ; Labor Force ; Migrant ; Migrants ; Migration ; Movement of People ; Policy ; Policy ; Policy Research ; Population Policies ; Population and Development ; Social Development ; Voluntary and Involuntary Resettlement ; Youth and Government ; Adolescent Health ; Communities & Human Settlements ; Country of Origin ; Culture & Development ; Developing Countries ; Gender ; Gender and Development ; Gender and Health ; Health, Nutrition and Population ; Housing and Human Habitats ; Human Capital ; Internal Migration ; Labor Force ; Migrant ; Migrants ; Migration ; Movement of People ; Policy ; Policy ; Policy Research ; Population Policies ; Population and Development ; Social Development ; Voluntary and Involuntary Resettlement ; Youth and Government
    Abstract: The paper uses individual level census and household survey data to present a rich profile of the young developing migrants around the world. Youth are found to comprise a large share of all migrants, particularly in migration to other developing countries, with the probability of migration peaking in the late teens or early twenties. The paper examines in detail the age and gender composition of migrants, whether young migrants move alone or with a parent or spouse, their participation in schooling and work in the destination country, the types of jobs they do, and the age of return migration. The results suggest a high degree of commonality in the youth migrant experience across a number of destination countries. In particular, developing country youth tend to work in similar occupations all around the world, and are more concentrated in these occupations than older migrants or native youth. Nevertheless, there is also considerable heterogeneity among youth migrants: 29 percent of 18 to 24 year olds are attending school in their destination country, but another 29 percent are not working or in school. This illustrates both the potential of migration for building human capital, and the fear that lack of integration prevents it from being used
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  • 50
    Language: English
    Pages: Online-Ressource (1 online resource (33 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: van Ours, Jan C Duration of Unemployment Benefits And Quality of Post-Unemployment Jobs
    Keywords: Employment Office ; Human Capital ; Job ; Job Match ; Job Matches ; Job Search ; Job Separation ; Job Tenure ; Jobs ; Labor Markets ; Re-Employment Bonuses ; Social Protections and Labor ; Unemployed ; Unemployment ; Unemployment ; Employment Office ; Human Capital ; Job ; Job Match ; Job Matches ; Job Search ; Job Separation ; Job Tenure ; Jobs ; Labor Markets ; Re-Employment Bonuses ; Social Protections and Labor ; Unemployed ; Unemployment ; Unemployment ; Employment Office ; Human Capital ; Job ; Job Match ; Job Matches ; Job Search ; Job Separation ; Job Tenure ; Jobs ; Labor Markets ; Re-Employment Bonuses ; Social Protections and Labor ; Unemployed ; Unemployment ; Unemployment
    Abstract: This paper investigates how the potential duration of unemployment benefits affects the quality of post-unemployment jobs. It takes advantage of a natural experiment introduced by a change in Slovenia's unemployment insurance law that substantially reduced the potential benefit duration. Although this reduction strongly increased job finding rates, the quality of the post-unemployment jobs remained unaffected. The paper finds that the law change had no effect on the type of contract (temporary versus permanent), the duration of the post-unemployment job, or the wage earned in the job
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  • 51
    Language: English
    Pages: Online-Ressource (1 online resource (29 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Guillaumont, Patrick When Instability Increases The Effectiveness of Aid Projects
    Keywords: Aid ; Aid Allocation ; Aid Flows ; Banks and Banking Reform ; Development ; Development Assistance ; Development Economics and Aid Effectiveness ; Development Issues ; Development Objectives ; Development Projects ; Development Research ; Economic Development ; Macroeconomics and Economic Growth ; Aid ; Aid Allocation ; Aid Flows ; Banks and Banking Reform ; Development ; Development Assistance ; Development Economics and Aid Effectiveness ; Development Issues ; Development Objectives ; Development Projects ; Development Research ; Economic Development ; Macroeconomics and Economic Growth ; Aid ; Aid Allocation ; Aid Flows ; Banks and Banking Reform ; Development ; Development Assistance ; Development Economics and Aid Effectiveness ; Development Issues ; Development Objectives ; Development Projects ; Development Research ; Economic Development ; Macroeconomics and Economic Growth
    Abstract: The authors assess the effect of economic instability on the success of projects funded by the World Bank using the outcome of the projects, which is a notation of their overall success determined by the Bank's Independent Evaluation Group. It has been argued in macroeconomic studies that aid effectiveness is higher in vulnerable countries because it dampens the negative effects of shocks. The authors show that this finding is not inconsistent with the observation that the success of the projects is lower in an unstable environment. Instability, in particular the instability of exports, harms aid projects as it harms the rest of the economy, while the success of projects decreases when the total amount of aid received increases, due to absorptive capacity limitations. But this decrease is slower when instability is higher, showing a positive effect of aid through its stabilizing impact. The authors find the same results keeping only the projects funded by nonconcessionary loans, which suggests that the cushioning effect of aid extends not only to aid funded projects but to whole sets of projects. Corroborating macroeconomic findings, their results lead to the same conclusion that more aid should be allocated to more vulnerable countries, in spite of the lower success of the projects in an unstable environment: project evaluations cannot include the macrostabilizing effect of the aid delivered through projects
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  • 52
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (90 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Medvedev, Denis Preferential Trade Agreements And Their Role In World Trade
    Keywords: Bilateral Trade ; Economic Theory and Research ; Emerging Markets ; Free Trade ; Free Trade ; Free Trade Area ; Global Trade ; Gravity Equation ; Gravity Estimates ; Gravity Framework ; Gravity Model ; Gravity Models ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Preferential Trade ; Preferential Trade ; Private Sector Development ; Public Sector Development ; Trade Law ; Trade Policy ; Trade and Services ; Bilateral Trade ; Economic Theory and Research ; Emerging Markets ; Free Trade ; Free Trade ; Free Trade Area ; Global Trade ; Gravity Equation ; Gravity Estimates ; Gravity Framework ; Gravity Model ; Gravity Models ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Preferential Trade ; Preferential Trade ; Private Sector Development ; Public Sector Development ; Trade Law ; Trade Policy ; Trade and Services ; Bilateral Trade ; Economic Theory and Research ; Emerging Markets ; Free Trade ; Free Trade ; Free Trade Area ; Global Trade ; Gravity Equation ; Gravity Estimates ; Gravity Framework ; Gravity Model ; Gravity Models ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Preferential Trade ; Preferential Trade ; Private Sector Development ; Public Sector Development ; Trade Law ; Trade Policy ; Trade and Services
    Abstract: The author investigates the effects of preferential trade agreements (PTAs) on bilateral trade flows using a comprehensive database of PTAs in force and a detailed matrix of world trade. He shows that total trade between PTA partners is a poor proxy for preferential trade (trade in tariff lines where preferences are likely to matter): while the former amounted to one-third of global trade in 2000-02, the latter was between one-sixth and one-tenth of world trade. His gravity model estimates indicate that using total rather than preferential trade to assess the impact of PTAs leads to a significant downward bias in the PTA coefficient. The author finds that product exclusions and long phase-in periods significantly limit preferential trade, and their removal could more than double trade in tariff lines above 3 percent of most-favored-nation (MFN) duties. He also shows that the effects of PTAs on trade vary by type of agreement and are increasing in the incomes of PTA partners
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  • 53
    Language: English
    Pages: Online-Ressource (1 online resource (17 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: van Ryneveld, Philip Mobilizing Urban Infrastructure Finance Within A Responsible Fiscal Framework
    Keywords: Cities ; Debt ; Debt Markets ; Decentralization ; Employment ; Finance and Financial Sector Development ; Financial Literacy ; Governments ; Grants ; Guarantees ; Housing ; Infrastructure ; Labor ; Local Government ; Local Governments ; Metropolitan Area ; Municipal Financial Management ; Policy ; Public and Municipal Finance ; Subnational Governance ; Transport ; Transport Economics ; Urban Development ; Urban Economics ; Urban Governance and Management ; Cities ; Debt ; Debt Markets ; Decentralization ; Employment ; Finance and Financial Sector Development ; Financial Literacy ; Governments ; Grants ; Guarantees ; Housing ; Infrastructure ; Labor ; Local Government ; Local Governments ; Metropolitan Area ; Municipal Financial Management ; Policy ; Public and Municipal Finance ; Subnational Governance ; Transport ; Transport Economics ; Urban Development ; Urban Economics ; Urban Governance and Management ; Cities ; Debt ; Debt Markets ; Decentralization ; Employment ; Finance and Financial Sector Development ; Financial Literacy ; Governments ; Grants ; Guarantees ; Housing ; Infrastructure ; Labor ; Local Government ; Local Governments ; Metropolitan Area ; Municipal Financial Management ; Policy ; Public and Municipal Finance ; Subnational Governance ; Transport ; Transport Economics ; Urban Development ; Urban Economics ; Urban Governance and Management
    Abstract: Since South Africa held its first democratic elections in 1994, it has given significant attention to building an effective system of decentralization including provincial and local government. While provincial governments are responsible mainly for the implementation of social services such as health and education, the provision of much of the urban infrastructure is the responsibility of local government. Although many challenges remain, the country has made significant progress over the past decade in addressing urban service backlogs in poor areas. At the same time, it has greatly improved macroeconomic fundamentals. The system of financing local government seeks to place accountability firmly at the local level, with most revenues in the larger urban centers raised locally through a combination of local taxes and fees for services, while poorer regions are predominantly grant funded. The objective has been to encourage the financing of capital infrastructure through local borrowing based on sustainable, transparent local finances rather than national repayment guarantees, which are outlawed. There is some indirect subsidization of loans through the state-owned Development Bank of Southern Africa. But the emphasis is on achieving redistribution through transparent, formula-based grants paid directly from national to local governments. While further bedding down of the system is needed, the approach is proving largely successful. The paper concludes by recommending that the existing division between provinces as providers of social services and local governments as the key locus of responsibility for services related to the built environment should be strengthened, particularly through the devolution of more urban transport related functions. A number of key risks are also highlighted, including issues related to the reform of local business taxes
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  • 54
    Language: English
    Pages: Online-Ressource (1 online resource (23 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Javorcik, Beata S Migrant Networks And Foreign Direct Investment
    Keywords: Countries of Origin ; Debt Markets ; Economic Growth ; Economic Theory and Research ; Employment Opportunities ; Finance and Financial Sector Development ; Financial Literacy ; Foreign Direct Investment ; Health, Nutrition and Population ; Host Countries ; Host Country ; International Borders ; International Trade ; Knowledge ; Macroeconomics and Economic Growth ; Migrant ; Population Policies ; Countries of Origin ; Debt Markets ; Economic Growth ; Economic Theory and Research ; Employment Opportunities ; Finance and Financial Sector Development ; Financial Literacy ; Foreign Direct Investment ; Health, Nutrition and Population ; Host Countries ; Host Country ; International Borders ; International Trade ; Knowledge ; Macroeconomics and Economic Growth ; Migrant ; Population Policies ; Countries of Origin ; Debt Markets ; Economic Growth ; Economic Theory and Research ; Employment Opportunities ; Finance and Financial Sector Development ; Financial Literacy ; Foreign Direct Investment ; Health, Nutrition and Population ; Host Countries ; Host Country ; International Borders ; International Trade ; Knowledge ; Macroeconomics and Economic Growth ; Migrant ; Population Policies
    Abstract: While there exists sizeable literature documenting the importance of ethnic networks for international trade, little attention has been devoted to studying the effects of networks on foreign direct investment (FDI). The existence of ethnic networks may positively affect FDI by promoting information flows across international borders and by serving as a contract enforcement mechanism. This paper investigates the link between the presence of migrants in the United States and U.S. FDI in the migrants' countries of origin, taking into account the potential endogeneity concerns. The results suggest that U.S. FDI abroad is positively correlated with the presence of migrants from the host country. The data further indicate that the relationship between FDI and migration is driven by the presence of migrants with a college education
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  • 55
    Language: English
    Pages: Online-Ressource (1 online resource (37 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Fargues, Philippe The Demographic Benefit of International Migration
    Keywords: Birth Rates ; Country of Origin ; Demographic Change ; Demographic Pressures ; Demographic Transition ; Health, Nutrition and Population ; Home Countries ; Host Countries ; International Migrants ; International Migration ; Marriage ; Population Policies ; Birth Rates ; Country of Origin ; Demographic Change ; Demographic Pressures ; Demographic Transition ; Health, Nutrition and Population ; Home Countries ; Host Countries ; International Migrants ; International Migration ; Marriage ; Population Policies ; Birth Rates ; Country of Origin ; Demographic Change ; Demographic Pressures ; Demographic Transition ; Health, Nutrition and Population ; Home Countries ; Host Countries ; International Migrants ; International Migration ; Marriage ; Population Policies
    Abstract: The view that international migration has no impact on the size of world population is a sensible one. But the author argues, migration from developing to more industrial countries during the past decades may have resulted in a smaller world population than the one which would have been attained had no international migration taken place for two reasons: most of recent migration has been from high to low birth-rate countries, and migrants typically adopt and send back to their home countries models and ideas that prevail in host countries. Thus, migrants are potential agents of the diffusion of demographic modernity, that is, the reduction of birth rates among nonmigrant communities left behind in origin countries. This hypothesis is tested with data from Morocco and Turkey where most emigrants are bound for the West, and Egypt where they are bound for the Gulf. The demographic differentials encountered through migration in these three countries offer contrasted situations-host countries are either more (the West) or less (the Gulf) advanced in their demographic transition than the home country. Assuming migration changes the course of demographic transition in origin countries, the author posits that it should work in two opposite directions-speeding it up in Morocco and Turkey and slowing it down in Egypt. Empirical evidence confirms this hypothesis. Time series of birth rates and migrant remittances (reflecting the intensity of the relationship kept by emigrants with their home country) are strongly correlated with each other. Correlation is negative for Morocco and Turkey, and positive for Egypt. This suggests that Moroccan and Turkish emigration to Europe has been accompanied by a fundamental change of attitudes regarding marriage and birth, while Egyptian migration to the Gulf has not brought home innovative attitudes in this domain, but rather material resources for the achievement of traditional family goals. Other data suggest that emigration has fostered education in Morocco and Turkey but not in Egypt. And as has been found in the literature, education is the single most important determinant of demographic transition among nonmigrant populations in migrants' regions of origin. Two broader conclusions are drawn. First, the acceleration of the demographic transition in Morocco and Turkey is correlated with migration to Europe, a region where low birth-rates is the dominant pattern. This suggests that international migration may have produced a global demographic benefit under the form of a relaxation of demographic pressures for the world as a whole. Second, if it turns out that emigrants are conveyors of new ideas in matters related with family and education, then the same may apply to a wider range of civil behavior
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  • 56
    Language: English
    Pages: Online-Ressource (1 online resource (38 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Grais, Wafik Corporate Governance And Shariah Compliance In Institutions Offering Islamic Financial Services
    Keywords: Accounting ; Auditing ; Bank ; Banking ; Banking Supervision ; Banks ; Banks and Banking Reform ; Capital Markets ; Corporate Law ; Debt Markets ; E-Business ; Emerging Markets ; Energy ; External Auditors ; Finance ; Finance and Financial Sector Development ; Financial Institutions ; Financial Literacy ; Financial Markets ; Financial Service ; Islamic Finance ; Law and Development ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Accounting ; Auditing ; Bank ; Banking ; Banking Supervision ; Banks ; Banks and Banking Reform ; Capital Markets ; Corporate Law ; Debt Markets ; E-Business ; Emerging Markets ; Energy ; External Auditors ; Finance ; Finance and Financial Sector Development ; Financial Institutions ; Financial Literacy ; Financial Markets ; Financial Service ; Islamic Finance ; Law and Development ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Accounting ; Auditing ; Bank ; Banking ; Banking Supervision ; Banks ; Banks and Banking Reform ; Capital Markets ; Corporate Law ; Debt Markets ; E-Business ; Emerging Markets ; Energy ; External Auditors ; Finance ; Finance and Financial Sector Development ; Financial Institutions ; Financial Literacy ; Financial Markets ; Financial Service ; Islamic Finance ; Law and Development ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures
    Abstract: The structures and processes established within an institution offering Islamic financial Services (IIFS) for monitoring and evaluating Shariah compliance rely essentially on arrangements internal to the firm. By being incorporated in the institutional structure, a Shariah supervisory board (SSB) has the advantage of being close to the market. Competent, independent, and empowered to approve new Shariah-conforming instruments, an SSB can enable innovation likely to emerge within the institution. The paper reviews the issues and options facing current arrangements for ensuring Shariah compliance by IIFS. It suggests a framework that draws on internal and external arrangements to the firm and emphasizes market discipline. In issuing its fatwas, an SSB could be guided by standardized contracts and practices that could be harmonized by a self-regulatory professionals' association. A framework with the suggested internal and external features could ensure adequate consistency of interpretation and enhance the enforceability of contracts before civil courts. The review of transactions would mainly be entrusted to internal review units, which would collaborate with external auditors responsible for issuing an annual opinion on whether the institution's activities has met its Shariah requirements. This process would be sustained by reputable entities such as rating agencies, stock markets, financial media, and researchers who would channel signals to market players. This framework would enhance public understanding of the requirements of Shariah and lead to more effective options available to stakeholders to achieve improvements in Islamic financial services
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  • 57
    Language: English
    Pages: Online-Ressource (1 online resource (33 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Takeuchi, Akie The Impact of Policies To Control Motor Vehicle Emissions In Mumbai, India
    Keywords: Air ; Air Pollution ; Bus ; Bus Fares ; Bus System ; Buses ; Cars ; Diesel ; Diesel Buses ; Motor Vehicle ; Motor Vehicle Emissions ; Passenger Transport ; Policies ; Transport ; Transport Economics, Policy and Planning ; Air ; Air Pollution ; Bus ; Bus Fares ; Bus System ; Buses ; Cars ; Diesel ; Diesel Buses ; Motor Vehicle ; Motor Vehicle Emissions ; Passenger Transport ; Policies ; Transport ; Transport Economics, Policy and Planning ; Air ; Air Pollution ; Bus ; Bus Fares ; Bus System ; Buses ; Cars ; Diesel ; Diesel Buses ; Motor Vehicle ; Motor Vehicle Emissions ; Passenger Transport ; Policies ; Transport ; Transport Economics, Policy and Planning
    Abstract: This paper examines the impact of measures to reduce emissions from passenger transport, specifically buses, cars, and two-wheelers in Mumbai. These include converting diesel buses to compressed natural gas (CNG), as the Indian Supreme Court required in Delhi, which would necessitate an increase in bus fares to cover the cost of pollution controls. The authors model an increase in the price of gasoline, which should affect the ownership and use of cars and two-wheelers, as well as imposing a license fee on cars to retard growth in car ownership. The impact of each policy on emissions depends not only on how the policy affects the mode that is regulated, but on shifts to other modes. The results suggest that the most effective policy to reduce emissions from passenger vehicles-in terms of the total number of tons of PM10 (particulate matter that measure less than or equal to 10 micrometers in aerodynamic diameter) reduced-is to convert diesel buses to CNG. The conversion of 3,391 diesel buses to CNG would result in an emissions reduction of 663 tons of PM10 a year, 14 percent of total emissions from transport. The bus conversion program passes the cost-benefit test. In contrast, the results suggest the elasticities of emissions from transport with respect to a gasoline tax and a tax on vehicle ownership are -0.04 and -0.10 respectively. As a consequence, it would take substantial increases in the gasoline tax or vehicle ownership tax to produce reductions in emissions similar to the bus conversion program. These results, however, reflect the low shares of cars and two-wheelers in the Mumbai emissions inventory and need not apply to cities, such as Delhi, where these shares are higher
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  • 58
    Language: English
    Pages: Online-Ressource (1 online resource (32 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Grais, Wafik Corporate Governance And Stakeholders' Financial Interests In Institutions Offering Islamic Financial Services
    Keywords: Account Holders ; Accounting ; Accounting Standards ; Bank Policy ; Banks and Banking Reform ; Central Bank ; Conflict of Interest ; Corporate Governance ; Debt Markets ; Deposit Exchange ; Emerging Markets ; Federal Deposit Insurance ; Finance ; Finance and Financial Sector Development ; Financial Literacy ; Private Sector Development ; Account Holders ; Accounting ; Accounting Standards ; Bank Policy ; Banks and Banking Reform ; Central Bank ; Conflict of Interest ; Corporate Governance ; Debt Markets ; Deposit Exchange ; Emerging Markets ; Federal Deposit Insurance ; Finance ; Finance and Financial Sector Development ; Financial Literacy ; Private Sector Development ; Account Holders ; Accounting ; Accounting Standards ; Bank Policy ; Banks and Banking Reform ; Central Bank ; Conflict of Interest ; Corporate Governance ; Debt Markets ; Deposit Exchange ; Emerging Markets ; Federal Deposit Insurance ; Finance ; Finance and Financial Sector Development ; Financial Literacy ; Private Sector Development
    Abstract: This paper focuses on the corporate governance arrangements of institutions offering Islamic financial services (IIFS) aimed at protecting stakeholders' financial interests. Many IIFS corporate governance issues are common with those of their conventional counterparts. Others are distinctive. In particular they offer unrestricted investment accounts that share risks with shareholders but without a voting right. This paper first reviews internal and external arrangements put in place by IIFS to protect stakeholders' financial interests. It discusses shortcomings notably in terms of potential conflict of interest between shareholders and holders of unrestricted investment accounts. It then suggests a corporate governance framework that combines internal and external arrangements to provide safeguards to unrestricted investment account holders without overburdening IIFS' financial performance. The paper uses a review of 13 IIFS and regulatory information from countries where IIFS have developed the most
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  • 59
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (98 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Lindbeck, Assar An Essay On Economic Reforms And Social Change In China
    Keywords: Agriculture ; Banks and Banking Reform ; Capital ; Cred Development ; Debt Markets ; Economic Performance ; Economic Reforms ; Economic Systems ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial Literacy ; GDP ; Growth Rate ; Health, Nutrition and Population ; Income ; Industrial Economics ; Influence ; Interest ; Investment and Investment Climate ; Labor Policies ; Macroeconomics and Economic Growth ; Microfinance ; Population Policies ; Poverty Reduction ; Private Sector Development ; Social Protections and Labor ; Agriculture ; Banks and Banking Reform ; Capital ; Cred Development ; Debt Markets ; Economic Performance ; Economic Reforms ; Economic Systems ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial Literacy ; GDP ; Growth Rate ; Health, Nutrition and Population ; Income ; Industrial Economics ; Influence ; Interest ; Investment and Investment Climate ; Labor Policies ; Macroeconomics and Economic Growth ; Microfinance ; Population Policies ; Poverty Reduction ; Private Sector Development ; Social Protections and Labor ; Agriculture ; Banks and Banking Reform ; Capital ; Cred Development ; Debt Markets ; Economic Performance ; Economic Reforms ; Economic Systems ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial Literacy ; GDP ; Growth Rate ; Health, Nutrition and Population ; Income ; Industrial Economics ; Influence ; Interest ; Investment and Investment Climate ; Labor Policies ; Macroeconomics and Economic Growth ; Microfinance ; Population Policies ; Poverty Reduction ; Private Sector Development ; Social Protections and Labor
    Abstract: The author applies a systems-oriented "holistic" approach to China's radical economic reforms during the past quarter of a century. He characterizes China's economic reforms in terms of a multidimensional classification of economic systems. When looking at the economic consequences of China's change of economic system, he deals with both the impressive growth performance and its economic costs. The author also studies the consequences of the economic reforms for the previous social arrangements in the country, which were tied to individual work units-agriculture communes, collective firms, and state-owned enterprises. He continues with the social development during the reform period, reflecting a complex mix of social advances, mainly in terms of poverty reduction, and regresses for large population groups in terms of income security and human services, such as education and, in particular, health care. Next, the author discusses China's future policy options in the social field, whereby he draws heavily on relevant experiences in industrial countries over the years. The future options are classified into three broad categories: policies influencing the level and distribution of factor income, income transfers including social insurance, and the provision of human services
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  • 60
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (36 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: de Luna Martinez, Jose Access To Financial Services In Zambia
    Keywords: Bank ; Bank Branches ; Banking ; Banking Services ; Banking System ; Banks ; Banks and Banking Reform ; Commercial Banks ; Credit Deposits ; Debt Markets ; Emerging Markets ; Enterprises ; Finance ; Finance and Financial Sector Development ; Financial Institutions ; Financial Intermediation ; Financial Literacy ; Financial Services ; Private Sector Development ; Bank ; Bank Branches ; Banking ; Banking Services ; Banking System ; Banks ; Banks and Banking Reform ; Commercial Banks ; Credit Deposits ; Debt Markets ; Emerging Markets ; Enterprises ; Finance ; Finance and Financial Sector Development ; Financial Institutions ; Financial Intermediation ; Financial Literacy ; Financial Services ; Private Sector Development ; Bank ; Bank Branches ; Banking ; Banking Services ; Banking System ; Banks ; Banks and Banking Reform ; Commercial Banks ; Credit Deposits ; Debt Markets ; Emerging Markets ; Enterprises ; Finance ; Finance and Financial Sector Development ; Financial Institutions ; Financial Intermediation ; Financial Literacy ; Financial Services ; Private Sector Development
    Abstract: Despite the deep financial sector reforms undertaken in Zambia in the early 1990s, the expected benefits of establishing a market-based banking system has not materialized. In 2005 the banking system continued to be small and underdeveloped. Credit to the private sector by banks represented only 8 percent of GDP in 2005, which is slightly lower than the level registered in 1990. As in the early 1990s, only large corporations and a few small- and medium-size enterprises have access to credit in 2006. Moreover, less than 8 percent of Zambia's adult population had a bank account in 2005. And despite the open door policy to foreign financial institutions, which has been in place since Zambia's independence, only a few new banking products have been introduced by foreign banks to serve the needs of households and firms. This paper analyzes the factors that have prevented the development of a large and inclusive banking system in Zambia and highlights possible actions that may help improve access to finance in Zambia in both the short and long terms
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  • 61
    Language: English
    Pages: Online-Ressource (1 online resource (50 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Bandyopadhyay, Sushenjit Forests, Biomass Use, And Poverty In Malawi
    Keywords: Agricultural Labor ; Agricultural Output ; Agriculture ; Biodiversity ; Biomass ; Climate Change ; Crops and Crop Management Systems ; Deforestation ; Degradation ; Ecosystems and Natural Habitats ; Energy ; Environment ; Environmental Degradation ; Environmental Economics and Policies ; Farmers ; Forest Products ; Fuelwood ; Harvesting ; Industry ; Macroeconomics and Economic Growth ; Oil and Gas Industry ; Poverty Reduction ; Rural Development ; Rural Poverty Reduct ; Wildlife Resources ; Agricultural Labor ; Agricultural Output ; Agriculture ; Biodiversity ; Biomass ; Climate Change ; Crops and Crop Management Systems ; Deforestation ; Degradation ; Ecosystems and Natural Habitats ; Energy ; Environment ; Environmental Degradation ; Environmental Economics and Policies ; Farmers ; Forest Products ; Fuelwood ; Harvesting ; Industry ; Macroeconomics and Economic Growth ; Oil and Gas Industry ; Poverty Reduction ; Rural Development ; Rural Poverty Reduct ; Wildlife Resources ; Agricultural Labor ; Agricultural Output ; Agriculture ; Biodiversity ; Biomass ; Climate Change ; Crops and Crop Management Systems ; Deforestation ; Degradation ; Ecosystems and Natural Habitats ; Energy ; Environment ; Environmental Degradation ; Environmental Economics and Policies ; Farmers ; Forest Products ; Fuelwood ; Harvesting ; Industry ; Macroeconomics and Economic Growth ; Oil and Gas Industry ; Poverty Reduction ; Rural Development ; Rural Poverty Reduct ; Wildlife Resources
    Abstract: In this paper, the authors seek to answer three questions about poverty and forests in Malawi: (1) What is the extent of biomass available for meeting the energy needs of the poor in Malawi and how is this distributed? (2) To what extent does fuelwood scarcity affect the welfare of the poor? (3) How do households cope with scarcity? In particular, do households spend more time in fuelwood collection and less time in agriculture in response to scarcity? The authors attempt to answer these questions using household and remote-sensing data. They find that 80 percent of rural poor households in Malawi are likely to benefit from an increase in biomass per hectare in their community. Rural women respond to biomass scarcity by increasing the time they spend on fuelwood collection. But the actual decrease in consumption expenditure and increase in time in fuelwood collection are small and biomass scarcity is not associated with a reduction in agricultural labor supply
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  • 62
    Language: English
    Pages: Online-Ressource (1 online resource (83 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Zara, Stefano Cooperative Game Theory and its Application to Natural, Environmental, and Water Resource Issues
    Keywords: Acid Rain ; Agriculture ; Biological Models ; Common Property Resource Development ; Debt Markets ; Economic Theory and Research ; Economics ; Environment ; Environment ; Environmental ; Environmental Economics and Policies ; Environmental Issues ; Environmental Problems ; Environmental Resources ; Externalities ; Finance and Financial Sector Development ; Fisheries ; Fisheries and Aquaculture ; Forest Management ; Labor Policies ; Macroeconomics and Economic Growth ; Oceans ; Rural Development ; Social Protections and Labor ; Water Resources ; Acid Rain ; Agriculture ; Biological Models ; Common Property Resource Development ; Debt Markets ; Economic Theory and Research ; Economics ; Environment ; Environment ; Environmental ; Environmental Economics and Policies ; Environmental Issues ; Environmental Problems ; Environmental Resources ; Externalities ; Finance and Financial Sector Development ; Fisheries ; Fisheries and Aquaculture ; Forest Management ; Labor Policies ; Macroeconomics and Economic Growth ; Oceans ; Rural Development ; Social Protections and Labor ; Water Resources ; Acid Rain ; Agriculture ; Biological Models ; Common Property Resource Development ; Debt Markets ; Economic Theory and Research ; Economics ; Environment ; Environment ; Environmental ; Environmental Economics and Policies ; Environmental Issues ; Environmental Problems ; Environmental Resources ; Externalities ; Finance and Financial Sector Development ; Fisheries ; Fisheries and Aquaculture ; Forest Management ; Labor Policies ; Macroeconomics and Economic Growth ; Oceans ; Rural Development ; Social Protections and Labor ; Water Resources
    Abstract: This paper provides a review of various applications of cooperative game theory (CGT) to issues of natural and environmental resources. With an increase in the level of competition over environmental and natural resources, the incidents of disputes have been at the center of allocation agreements. The paper reviews the cases of common pool resources such as fisheries and forests, and cases of environmental pollution such as acid rain, flow, and stock pollution. In addition to providing examples of cooperative solutions to allocation problems, the conclusion from this review suggests that cooperation over scarce environmental and natural resources is possible under a variety of physical conditions and institutional arrangements. CGT applications to international fishery disputes are especially useful in that they have been making headway in policy-related agreements among states and regions of the world. Forest applications are more local in nature, but of great relevance in solving disputes among communities and various levels of governments
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  • 63
    Language: English
    Pages: Online-Ressource (1 online resource (54 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Sakho, Yaye Seynabou Contagion And Firms' Internationalization In Latin America
    Keywords: Bank Policy ; Capital Market ; Currencies and Exchange Rates ; Debt Markets ; Domestic Market ; Economic Theory and Research ; Emerging Market ; Emerging Markets ; Emerging Markets ; Exchange ; Finance ; Finance and Financial Sector Development ; Financial Contagion ; Financial Literacy ; Financial Markets ; Information Asymmetry ; International ; Investment and Investment Climate ; Macroeconomics and Economic Growth ; Markets and Market Access ; Private Sector Development ; Bank Policy ; Capital Market ; Currencies and Exchange Rates ; Debt Markets ; Domestic Market ; Economic Theory and Research ; Emerging Market ; Emerging Markets ; Emerging Markets ; Exchange ; Finance ; Finance and Financial Sector Development ; Financial Contagion ; Financial Literacy ; Financial Markets ; Information Asymmetry ; International ; Investment and Investment Climate ; Macroeconomics and Economic Growth ; Markets and Market Access ; Private Sector Development ; Bank Policy ; Capital Market ; Currencies and Exchange Rates ; Debt Markets ; Domestic Market ; Economic Theory and Research ; Emerging Market ; Emerging Markets ; Emerging Markets ; Exchange ; Finance ; Finance and Financial Sector Development ; Financial Contagion ; Financial Literacy ; Financial Markets ; Information Asymmetry ; International ; Investment and Investment Climate ; Macroeconomics and Economic Growth ; Markets and Market Access ; Private Sector Development
    Abstract: The author investigates whether contagion matters when emerging market firms cross-list their stocks in a developed capital market. She develops a rational expectations model where financial markets are segmented along emerging markets' borders and contagion spreads from one emerging market to another through the actions of international investors rebalancing their portfolio using stocks cross-listed in the developed market. The author finds that contagion is a cost of internationalization as cross-listed stocks are more affected by contagion than pure domestic stocks. Furthermore, a welfare analysis of international cross-listing versus financial autarky suggests that the benefits of internationalization in terms of less information asymmetry and better market efficiency offset the costs of contagion. Her model is able to explain some transmission of the 1998 Brazilian crisis to Mexico and Chile
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  • 64
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (37 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Loayza, Norman V Informality Trends And Cycles
    Keywords: Active Labor ; Business Cycle ; Economic Theory and Research ; Exogenous Variable ; Informal Economies ; Informal Economy ; Informal Employment ; Informal Labor Markets ; Informal Sector ; Labor ; Labor ; Labor Force ; Labor Markets ; Labor Policies ; Macroeconomics and Economic Growth ; Social Protections and Labor ; Active Labor ; Business Cycle ; Economic Theory and Research ; Exogenous Variable ; Informal Economies ; Informal Economy ; Informal Employment ; Informal Labor Markets ; Informal Sector ; Labor ; Labor ; Labor Force ; Labor Markets ; Labor Policies ; Macroeconomics and Economic Growth ; Social Protections and Labor ; Active Labor ; Business Cycle ; Economic Theory and Research ; Exogenous Variable ; Informal Economies ; Informal Economy ; Informal Employment ; Informal Labor Markets ; Informal Sector ; Labor ; Labor ; Labor Force ; Labor Markets ; Labor Policies ; Macroeconomics and Economic Growth ; Social Protections and Labor
    Abstract: This paper studies the trends and cycles of informal employment. It first presents a theoretical model where the size of informal employment is determined by the relative costs and benefits of informality and the distribution of workers' skills. In the long run, informal employment varies with the trends in these variables, and in the short run it reacts to accommodate transient shocks and to close the gap that separates it from its trend level. The paper then uses an error-correction framework to examine empirically informality's long- and short-run relationships. For this purpose, it uses country-level data at annual frequency for a sample of industrial and developing countries, with the share of self-employment in the labor force as the proxy for informal employment. The paper finds that, in the long run, informality is larger in countries that have lower GDP per capita and impose more costs to formal firms in the form of more rigid business regulations, less valuable police and judicial services, and weaker monitoring of informality. In the short run, informal employment is found to be counter-cyclical for the majority of countries, with the degree of counter-cyclicality being lower in countries with larger informal employment and better police and judicial services. Moreover, informal employment follows a stable, trend-reverting process. These results are robust to changes in the sample and to the influence of outliers, even when only developing countries are considered in the analysis
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  • 65
    Language: English
    Pages: Online-Ressource (1 online resource (40 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Beegle, Kathleen Adult Mortality And Consumption Growth In The Age of HIV/AIDS
    Keywords: Adult Mortality ; Aids ; Aids Epidemic ; Brown Issues and Health ; Childbearing ; Communities & Human Settlements ; Consumption ; Demographic Impact ; Demographics ; Disease Control and Prevention ; Diseases ; Economic Status ; Environment ; Gender ; Gender and Health ; HIV ; Health, Nutrition and Population ; Heterosexual Contact ; Housing and Human Habitats ; Macroeconomics and Economic Growth ; Mortality of Men ; Policy ; Policy Research ; Population Policies ; Poverty Lines ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Social Protections and Labor ; Adult Mortality ; Aids ; Aids Epidemic ; Brown Issues and Health ; Childbearing ; Communities & Human Settlements ; Consumption ; Demographic Impact ; Demographics ; Disease Control and Prevention ; Diseases ; Economic Status ; Environment ; Gender ; Gender and Health ; HIV ; Health, Nutrition and Population ; Heterosexual Contact ; Housing and Human Habitats ; Macroeconomics and Economic Growth ; Mortality of Men ; Policy ; Policy Research ; Population Policies ; Poverty Lines ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Social Protections and Labor ; Adult Mortality ; Aids ; Aids Epidemic ; Brown Issues and Health ; Childbearing ; Communities & Human Settlements ; Consumption ; Demographic Impact ; Demographics ; Disease Control and Prevention ; Diseases ; Economic Status ; Environment ; Gender ; Gender and Health ; HIV ; Health, Nutrition and Population ; Heterosexual Contact ; Housing and Human Habitats ; Macroeconomics and Economic Growth ; Mortality of Men ; Policy ; Policy Research ; Population Policies ; Poverty Lines ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Social Protections and Labor
    Abstract: The authors use a 13-year panel of individuals in Tanzania to assess how adult mortality shocks affect both short and long-run consumption growth of surviving household members. Using unique data which tracks individuals from 1991 to 2004, they examine consumption growth, controlling for a set of initial community, household and individual characteristics. The effect is identified using the sample of households in 2004 which grew out of baseline households. The authors find robust evidence that an affected household will see consumption drop 7 percent within the first five years after the adult death. With high growth in the sample over this time period, this creates a 19 percentage point growth gap with the average household. There is some evidence of persistent effects of these shocks for up to 13 years, but these effects are imprecisely estimated and not significantly different from zero. The impact of female adult death is found to be particularly severe
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  • 66
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (34 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Do, Quy-Toan The Economics of Consanguineous Marriages
    Keywords: Anthropology ; Culture & Development ; Dependence ; Dowries ; Dowry ; Education ; Education and Society ; Extended Family ; Families ; Finance and Financial Sector Development ; Financial Literacy ; Folklore ; Gender ; Gender and Law ; Health, Nutrition and Population ; History ; Households ; Law and Development ; Marriage ; Marriages ; Partners ; Population Policies ; Population and Development ; Populations ; Power ; Property ; Social Development ; Social Inclusion and Institutions ; Anthropology ; Culture & Development ; Dependence ; Dowries ; Dowry ; Education ; Education and Society ; Extended Family ; Families ; Finance and Financial Sector Development ; Financial Literacy ; Folklore ; Gender ; Gender and Law ; Health, Nutrition and Population ; History ; Households ; Law and Development ; Marriage ; Marriages ; Partners ; Population Policies ; Population and Development ; Populations ; Power ; Property ; Social Development ; Social Inclusion and Institutions ; Anthropology ; Culture & Development ; Dependence ; Dowries ; Dowry ; Education ; Education and Society ; Extended Family ; Families ; Finance and Financial Sector Development ; Financial Literacy ; Folklore ; Gender ; Gender and Law ; Health, Nutrition and Population ; History ; Households ; Law and Development ; Marriage ; Marriages ; Partners ; Population Policies ; Population and Development ; Populations ; Power ; Property ; Social Development ; Social Inclusion and Institutions
    Abstract: The institution of consanguineous marriage-a marriage contracted between close biological relatives-has been a basic building block of many societies in different parts of the world. This paper argues that the practice of consanguinity is closely related to the practice of dowry, and that both arise in response to an agency problem between the families of a bride and a groom. When marriage contracts are incomplete, dowries transfer control rights to the party with the highest incentives to invest in a marriage. When these transactions are costly however, consanguinity can be a more appropriate response since it directly reduces the agency cost. The paper's model predicts that dowry transfers are less likely to be observed in consanguineous unions. It also emphasizes the effect of credit constraints on the relative prevalence of dowry payment and consanguinity. An empirical analysis using data from Bangladesh delivers robust results consistent with the predictions of the model
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  • 67
    Language: English
    Pages: Online-Ressource (1 online resource (35 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Anderson, Kym Reducing Distortions To Agricultural Incentives
    Keywords: Agribusiness ; Agriculture ; Agriculture ; Comparative Advantage ; Currencies and Exchange Rates ; Debt Markets ; Development ; Economic Theory and Research ; Economics ; Emerging Markets ; Exports ; Finance and Financial Sector Development ; Free Trade ; Human Capital ; Import Barriers ; Incentives ; Income ; International Economics & Trade ; Macroeconomics and Economic Growth ; Multilateral Trade ; Prices ; Private Sector Development ; Protectionism ; Public Sector Development ; Rural Development Knowledge and Information Systems ; Trade Policy ; Agribusiness ; Agriculture ; Agriculture ; Comparative Advantage ; Currencies and Exchange Rates ; Debt Markets ; Development ; Economic Theory and Research ; Economics ; Emerging Markets ; Exports ; Finance and Financial Sector Development ; Free Trade ; Human Capital ; Import Barriers ; Incentives ; Income ; International Economics & Trade ; Macroeconomics and Economic Growth ; Multilateral Trade ; Prices ; Private Sector Development ; Protectionism ; Public Sector Development ; Rural Development Knowledge and Information Systems ; Trade Policy ; Agribusiness ; Agriculture ; Agriculture ; Comparative Advantage ; Currencies and Exchange Rates ; Debt Markets ; Development ; Economic Theory and Research ; Economics ; Emerging Markets ; Exports ; Finance and Financial Sector Development ; Free Trade ; Human Capital ; Import Barriers ; Incentives ; Income ; International Economics & Trade ; Macroeconomics and Economic Growth ; Multilateral Trade ; Prices ; Private Sector Development ; Protectionism ; Public Sector Development ; Rural Development Knowledge and Information Systems ; Trade Policy
    Abstract: Most of the world's poorest people depend on farming for their livelihood. Earnings from farming in low-income countries are depressed partly due to a pro-urban bias in own-country policies, and partly because richer countries (including some developing countries) favor their farmers with import barriers and subsidies. Both sets of policies reduce national and global economic growth and add to inequality and poverty in developing countries. Acknowledgement of that since the 1980s has given rise to greater pressures for reform, both internal and external. Over the past two decades numerous developing country governments have reduced their sectoral and trade policy distortions, while many high-income countries continue with protectionist policies that harm developing country exports of farm products. Recent research suggests that the agricultural protectionist policies of high-income countries reduce welfare in many developing countries. Most of those studies also suggest that full global liberalization of merchandise trade would raise value added in agriculture in developing country regions, and that much of the benefit from global reform would come not just from reform in high-income countries but also from liberalization among developing countries, including in many cases own-country reform. These findings raise three key questions that are addressed in this paper: To what extent have the reforms of the past two decades succeeded in reducing distortions to agricultural incentives? Do current policy distortions still discriminate against farmers in low-income countries? And what are the prospects for further reform in the next decade or so?
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  • 68
    Language: English
    Pages: Online-Ressource (1 online resource (45 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Mirza, Daniel Are Lives A Substitute For Livelihoods ?
    Keywords: Attack ; Attacks ; Car Bomb ; Conflict and Development ; Counter-Terrorism ; Counter-Terrorism Measures ; Country Strategy and Performance ; Debt Markets ; E-Business ; E-Finance and E-Security ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Homeland Security ; Industry ; Information ; International Terrorism and Counterterrorism ; International Trade ; Logistical Support ; Macroeconomics and Economic Growth ; Private Sector Development ; Security ; Terrorism ; Transport ; Transport Security ; Urban Development ; Attack ; Attacks ; Car Bomb ; Conflict and Development ; Counter-Terrorism ; Counter-Terrorism Measures ; Country Strategy and Performance ; Debt Markets ; E-Business ; E-Finance and E-Security ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Homeland Security ; Industry ; Information ; International Terrorism and Counterterrorism ; International Trade ; Logistical Support ; Macroeconomics and Economic Growth ; Private Sector Development ; Security ; Terrorism ; Transport ; Transport Security ; Urban Development ; Attack ; Attacks ; Car Bomb ; Conflict and Development ; Counter-Terrorism ; Counter-Terrorism Measures ; Country Strategy and Performance ; Debt Markets ; E-Business ; E-Finance and E-Security ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Homeland Security ; Industry ; Information ; International Terrorism and Counterterrorism ; International Trade ; Logistical Support ; Macroeconomics and Economic Growth ; Private Sector Development ; Security ; Terrorism ; Transport ; Transport Security ; Urban Development
    Abstract: What is the impact of terrorism on trade through higher security at the borders? The authors set up a theory which shows that the impact goes not only from terrorism to trade. Higher trade with a partner might, in turn, increase the probability of terrorism acts and make security measures more costly for total welfare. To identify the true impact of terrorism, their theory allows for a strategy to condition out the latter mechanism. The authors show in particular how past incidents perpetrated in third countries (anywhere in the world except the origin or targeted country) constitute good exogenous factors for current security measures at the borders. Their tests suggest that terrorist incidents have a small effect on U.S. imports on average, but a much higher effect for those origin countries at the top of the distribution of incidents. In addition, the level of the impact is up to three times higher when the acts result in a relatively high number of victims, the products are sensitive to shipping time, and the size of the partner is small. The authors further show how terrorism affects the number of business visas given by the United States, thereby affecting significantly U.S. imports in differentiated products. These results suggest that security to prevent terrorism does matter for trade
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  • 69
    Language: English
    Pages: Online-Ressource (1 online resource (22 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Arena, Marco Does Insurance Market Activity Promote Economic Growth ?
    Keywords: Bank Policy ; Banking Sector ; Banks and Banking Reform ; Bond ; Debt Markets ; Developing Countries ; Economic Theory and Research ; Emerging Markets ; Emerging Markets ; Exchange ; Finance and Financial Sector Development ; Financial Intermediation ; Financial Literacy ; Financial Systems ; Insurance ; Insurance Law ; Insurance Market ; Insurance Markets ; Insurance Premiums ; Insurance and Risk Mitigation ; Law and Development ; Macroeconomics and Economic Growth ; Private Sector Development ; Bank Policy ; Banking Sector ; Banks and Banking Reform ; Bond ; Debt Markets ; Developing Countries ; Economic Theory and Research ; Emerging Markets ; Emerging Markets ; Exchange ; Finance and Financial Sector Development ; Financial Intermediation ; Financial Literacy ; Financial Systems ; Insurance ; Insurance Law ; Insurance Market ; Insurance Markets ; Insurance Premiums ; Insurance and Risk Mitigation ; Law and Development ; Macroeconomics and Economic Growth ; Private Sector Development ; Bank Policy ; Banking Sector ; Banks and Banking Reform ; Bond ; Debt Markets ; Developing Countries ; Economic Theory and Research ; Emerging Markets ; Emerging Markets ; Exchange ; Finance and Financial Sector Development ; Financial Intermediation ; Financial Literacy ; Financial Systems ; Insurance ; Insurance Law ; Insurance Market ; Insurance Markets ; Insurance Premiums ; Insurance and Risk Mitigation ; Law and Development ; Macroeconomics and Economic Growth ; Private Sector Development
    Abstract: Insurance market activity, both as a financial intermediary and a provider of risk transfer and indemnification, may contribute to economic growth by allowing different risks to be managed more efficiently and by mobilizing domestic savings. During the past decade, there has been faster growth in insurance market activity, particularly in emerging markets given the process of liberalization and financial integration, which raises questions about its impact on economic growth. The author tests whether there is a causal relationship between insurance market activity (life and nonlife insurance) and economic growth. Using the generalized method of moments for dynamic models of panel data for 56 countries and for the 1976-2004 period, he finds robust evidence of a causal relationship between insurance market activity and economic growth. Both life and nonlife insurance have a positive and significant causal effect on economic growth. High-income countries drive the results in the case of life insurance. On the other hand, both high-income and developing countries drive the results in the case of nonlife insurance
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  • 70
    Language: Spanish
    Pages: 1 Online-Ressource (p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als
    Abstract: Innovaciones en los sistemas de salud en Centroamerica' informa sobre el resultado de una serie de experiencias: un hospital en Panama, un programa de nutricion en Honduras, extension de la atencion primaria en Guatemala, un subgrupo de hospitales y unidades de atencion primaria en Costa Rica y un programa de atencion de salud administrado por la seguridad social en Nicaragua. Los estudios documentan el desempeno de las innovaciones, el plan ambiental en que fueron desarrolladas asi como tambien las caracteristicas basicas y los procesos incorporados en su diseno e implementacion
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  • 71
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Paul Wolfowitz, President of the World Bank, remarked that the Gender Equality Millennium Development Goal is a central component of our overall mission of fighting poverty and empowering women in their education and opportunity for a better future. Gender equality is more than a women's issue, it is a development issue. If one of the wheels of the cart isn't moving, the cart won't go very far. We have already missing the 2005 target to eliminate gender disparity in primary and secondary education. Trends in South Asia and Sub-Saharan Africa put us in danger of missing the 2015 target. We must bring more women into the labor force and into higher-paid occupations. The Bank has made significant progress on gender mainstreaming in social sectors like education and health, but more must be done to support shared growth in such areas as infrastructure, energy, and transport
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  • 72
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Paul Wolfowitz, President of the World Bank, in the development community, the interaction of energy, environment, and poverty have emerged as a central challenge. Lack of consistent electricity in developing countries is a severe obstacle to doing business. It is also affecting school attendance, particularly among girls. Inefficient energy sources can also pose health problems-as many as 1.6 million deaths per year due to indoor smoke. Rich and poor countries alike need to apply energy-efficient technology to cut greenhouse gas emissions. At the G8 summit in Gleneagles, the World Bank Group was asked to take a leadership role in creating a new framework for clean energy and development, including investment and financing. In the first phase we will propose accelerated investments. In the second phase, we aim to generate new knowledge on technology options and the impact on climate change. Wolfowitz summarized the Bank's ongoing energy spending activities
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  • 73
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: Spanish
    Pages: 1 Online-Ressource (376 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als
    Abstract: Esta descripcion general de las herramientas, politicas y tendencias en materia de financiamiento de la salud, con especial atencion en los desafios que enfrentan los paises en desarrollo, aporta la base para una formulacion eficaz de las politicas. Mediante un analisis del actual contexto mundial, el libro discute los objetivos del financiamiento de la salud en el marco del analisis subyacente de factores sanitarios, demograficos, sociales, economicos y politicos, junto con las realidades institucionales que enfrentan los paises en desarrollo, y evalua las alternativas dada la situacion del mundo actual, la estructura de la ayuda internacional, las interacciones multisectoriales y los marcos macroeconomicos y planes globales de desarrollo de los paises
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  • 74
    Language: Spanish
    Pages: 1 Online-Ressource (318 p)
    Series Statement: Directions in Development
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als
    Abstract: Si bien los subsidios a usuarios de servicios publicos son comunes tanto en el sector de agua como en el de electricidad, su eficacia para alcanzar y distribuir recursos a las personas mas pobres es objeto de amplio debate. Esta publicacion reune pruebas empiricas sobre el desempeno de los subsidios en diversos paises. El texto pone en evidencia la preponderancia de los subsidios a los usuarios, ofrece una tipologia de las muchas variantes que existen en el mundo en desarrollo y presenta varios indicadores utiles para evaluar la medida en la cual esos subsidios benefician a los pobres, con un enfoque en tres conceptos clave: incidencia en el beneficiario, incidencia del beneficio y valor material. Los hallazgos sobre el desempeno de los subsidios seran de utilidad para los encargados de formular politicas y para los profesionales del sector, quienes contemplan la posibilidad de introducir los subsidios, eliminarlos o modificarlos, y para aquellos que consideran que los subsidios a los usuarios de servicios publicos representan un instrumento de proteccion social
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  • 75
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (1 pages)
    Series Statement: World Bank E-Library Archive
    Series Statement: Speeches of World Bank Presidents
    Abstract: Paul Wolfowitz, President of the World Bank, discussed good governance, policies, and practice that are the means to achieve better development results. He spoke of sound principles of accountability and transparency that not only assure funds that are spent as intended, but also are essential to accelerating economic growth, helping the poor to escape poverty,and achieving the Millennium Development Goals. He highlighted the need to find solutions which are innovative and flexible and which respect the unique constituents and conditions in each country. He concluded by saying that the effort to strengthen and improve governance is a key element in the fight against poverty
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  • 76
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: World Bank East Asia and Pacific Economic Update
    Abstract: The report stipulates growth in Emerging East Asian countries eased modestly from 7.5 percent in 2004 to 6.8 percent in 2005. The slower pace of activity was most clear in the Newly Industrialized Economies (NIEs), and in some of the middle income economies of South East Asia. But it was not universal. Growth accelerated in Indonesia and Vietnam, and continued at very high rates in China. In addition, while the moderation in activity in the NIEs and South East Asia occurred in the first part of 2005, activity was generally rebounding in the latter part of the year. Indeed growth for 2005 as a whole, generally turned out higher than we had expected six months ago. The prospects for 2006 also look reasonably firm, with aggregate regional growth expected to exceed 6.5 percent for a third year in a row. Global high tech demand slowed in late 2004 and early 2005, causing a downturn in tech-reliant East Asian export growth, but then rebounded strongly in the second half of the year. High oil prices clearly played a large role in moderating growth in 2005. While the report assumes that oil prices have now peaked, they are still expected to average 10 percent higher in 2006 than in 2005, so that some of the adverse impact is still likely to be playing out in 2006. Nevertheless, the real surprise has been that the highest real oil prices in more than 25 years did not inflict more serious economic damage, with growth not falling below 4 percent in any of the main economies of the region
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  • 77
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other papers
    Keywords: Agricultural Research ; Agriculture ; Food Security ; Poverty ; Productivity ; Trade ; Water Resources ; Water Resources Assessment
    Abstract: The Middle East and North Africa (MNA) region is one of the most water scarce regions in the world, with a regional annual average of 1,200 cubic meters per person (world average is close to 7,000). Water, not land, is now the limiting factor for improving agricultural production in the MNA region. Maximizing water productivity, not yield per unit of land, is, therefore, a better strategy for on-farm water management under such conditions. Raising water productivity requires integrated attention to improving technical, agronomic and management measures. Water User Associations greatly facilitate the implementation of integrated measures. Using satellite remote sensing technologies, planners and policy makers can make more effective decisions to ensure a stable supply of water for food and the environment. All MNA countries with the exception of Morocco are net importers of agricultural products. The greatest benefits for MNA will be generated by comprehensive domestic agricultural reforms, in tandem with higher market access in European and world markets. MNA governments will face issues relating to timing and sequencing of reforms. Given its current resources endowments and growth prospects, it is in the best interest for MNA countries to push towards proceeding with the liberalization of markets in developed countries. At the same time, they could ask for some sort of compensation for higher prices and lost preferences in the form of non-trade distorting financial schemes or even cash grants for those countries facing significant losses as a result. Countries will have to pay a particular attention to the implications of this gradual approach for government revenues, adjustment costs and credibility of reforms
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  • 78
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Policy Notes
    Keywords: Adaptation to Climate Change ; Climate Change Impacts ; Environment ; Hazard Risk Management ; Mainstreaming ; Monitoring and Evaluation ; Natural Disasters ; Urban Development
    Abstract: Pacific Island communities are particularly vulnerable to natural disasters - ranging from tropical cyclones, drought, floods, storm surges and tsunamis. Each year, these events result in significant loss of life, the destruction of homes, public infrastructure and livelihoods and the reversal of hard-won economic gains. Recently, deadly tsunami and earthquake events in the Indian Ocean region have focused the attention of the world community, particularly those living in small islands and coastal regions, to the need for greater vigilance in disaster prevention and preparedness. This is all the more important as evidence mounts that climate change will exacerbate the incidence of extreme events and potential disasters. The goal of this Policy Note is to influence policy makers and development partners in the Pacific Islands region to undertake risk management of natural hazards and minimize the future impacts of natural disasters, climate change and sea-level rise. As a short-term objective, the Policy Note aims to review the disaster trends and lessons learned from pilot risk management of natural hazards initiatives, and recommend a strategic way forward. Particular attention is paid to Incentives, Institutions, and Instruments
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  • 79
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 0821363549 , 9780821363546
    Language: English
    Pages: Online-Ressource (xx, 188 p) , ill , 24 cm
    Edition: Online-Ausg. World Bank E-Library Archive
    Uniform Title: Expanding the measure of wealth.
    DDC: 338.9/27/015195
    Keywords: Economic indicators ; Environmental indicators ; Human capital Econometric models ; Saving and investment Econometric models ; Sustainable development Econometric models ; Wealth Econometric models ; Economic indicators ; Environmental indicators ; Human capital Econometric models ; Saving and investment Econometric models ; Sustainable development Econometric models ; Wealth Econometric models ; Economic indicators ; Environmental indicators ; Human capital ; Saving and investment ; Sustainable development ; Wealth
    Note: "Written by a team including Kirk Hamilton ... [et al.]"--P. viii , Extends and expands the work done in Expanding the measure of wealth (World Bank, 1997) to provide a comprehensive snapshot of wealth for 120 countries at the turn of the millennium , Includes bibliographical references (p. [173]-180) and index
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  • 80
    ISBN: 0821359908 , 9780821364802 , 9780821359907
    Language: English
    Pages: Online-Ressource (1 online resource (222 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Series Statement: Global Development Finance
    Abstract: International private capital flows to developing countries reached a record net level of
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  • 81
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 0821368451 , 9780821368466 , 9780821368459
    Language: English
    Pages: Online-Ressource (1 online resource (138 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Series Statement: Independent Evaluation Group Studies
    Abstract: The AROE series continues to strengthen its focus on results, monitoring, and evaluation. The latest 2006 edition updates the implications of managing for results in World Bank operations, assesses if monitoring and evaluation practices provide staff with information that helps them manage for results, and looks at IEG's own effectiveness. Its recommendations address ways to make monitoring and evaluation more effective and influential tools
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  • 82
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 9780821386514
    Language: English
    Pages: Online-Ressource (1 online resource (589 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Abstract: The World Bank Legal Review, Volume 2 is a publication for policy makers and their advisers, attorneys, and other professionals engaged in the field of international development. It offers a combination of legal scholarship, lessons from experience, legal developments, and recent research on the many ways in which the application of the law and the improvement of justice systems promote poverty reduction, economic development, and the rule of law. In keeping with the theme of the World Development Report 2006: Equity and Development, and following the success of the World Bank Group's Legal Forum on 'Law, Equity, and Development' in December 2005, this volume of The World Bank Legal Review focuses on issues of equity and development. The volume draws together some of the key ideas of the Legal Forum, including articles by many of its distinguished participants, and explores the role of equity in the development process, highlighting how legal and regulatory frameworks and equitable justice systems can do much to level the playing field in the political, economic, and sociocultural domains, as well as how they can reinforce existing inequalities. Consistent with the interdisciplinary nature of this endeavour, Law, Equity and Development contains work by academics and practitioners in law, criminal justice, economics, social development, cultural studies, and anthropology
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  • 83
    Language: English
    Pages: Online-Ressource (1 online resource (45 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Olarreaga, Marcelo How Costly Is It For Poor Farmers To Lift Themselves Out of Poverty?
    Keywords: Access to Markets ; Agribusiness ; Agriculture ; Commercial Farming ; Crops and Crop Management Systems ; Debt Markets ; Economic Theory and Research ; Expenditure ; Fair ; Finance and Financial Sector Development ; International Economics & Trade ; Macroeconomics and Economic Growth ; Market ; Market Disruption ; Market Entry ; Market Failures ; Market Prices ; Market Reforms ; Market Structure ; Marketing ; Marketing Board ; Markets and Market Access ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Access to Markets ; Agribusiness ; Agriculture ; Commercial Farming ; Crops and Crop Management Systems ; Debt Markets ; Economic Theory and Research ; Expenditure ; Fair ; Finance and Financial Sector Development ; International Economics & Trade ; Macroeconomics and Economic Growth ; Market ; Market Disruption ; Market Entry ; Market Failures ; Market Prices ; Market Reforms ; Market Structure ; Marketing ; Marketing Board ; Markets and Market Access ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Access to Markets ; Agribusiness ; Agriculture ; Commercial Farming ; Crops and Crop Management Systems ; Debt Markets ; Economic Theory and Research ; Expenditure ; Fair ; Finance and Financial Sector Development ; International Economics & Trade ; Macroeconomics and Economic Growth ; Market ; Market Disruption ; Market Entry ; Market Failures ; Market Prices ; Market Reforms ; Market Structure ; Marketing ; Marketing Board ; Markets and Market Access ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction
    Abstract: The main objective of this paper is to provide estimates of the cost of moving out of subsistence for Madagascar's farmers. The analysis is based on a simple asset-return model of occupational choice. Estimates suggest that the entry (sunk) cost associated with moving out of subsistence can be quite large - somewhere between 124 and 153 percent of a subsistence farmer's annual production. Our results make it possible to identify farm characteristics likely to generate large gains, if moved out of subsistence, yielding useful information for the targeting of trade-adjustment assistance programs
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  • 84
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (27 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Kenny, Charles What Is Effective Aid?
    Keywords: Aid ; Aid Allocation ; Aid Dependency ; Aid Flows ; Banks and Banking Reform ; Bilateral Aid ; Debt Markets ; Development ; Development Economics and Aid Effectiveness ; Development Goals ; Development Impact ; Development Issues ; Development Policy ; Disability ; Economic Growth ; Economic Theory and Research ; Education ; Finance and Financial Sector Development ; Financial Literacy ; Gender ; Gender and Health ; Health, Nutrition and Population ; Macroeconomics and Economic Growth ; Population Policies ; Poverty Reduction ; School ; Social Protections and Labor ; Aid ; Aid Allocation ; Aid Dependency ; Aid Flows ; Banks and Banking Reform ; Bilateral Aid ; Debt Markets ; Development ; Development Economics and Aid Effectiveness ; Development Goals ; Development Impact ; Development Issues ; Development Policy ; Disability ; Economic Growth ; Economic Theory and Research ; Education ; Finance and Financial Sector Development ; Financial Literacy ; Gender ; Gender and Health ; Health, Nutrition and Population ; Macroeconomics and Economic Growth ; Population Policies ; Poverty Reduction ; School ; Social Protections and Labor ; Aid ; Aid Allocation ; Aid Dependency ; Aid Flows ; Banks and Banking Reform ; Bilateral Aid ; Debt Markets ; Development ; Development Economics and Aid Effectiveness ; Development Goals ; Development Impact ; Development Issues ; Development Policy ; Disability ; Economic Growth ; Economic Theory and Research ; Education ; Finance and Financial Sector Development ; Financial Literacy ; Gender ; Gender and Health ; Health, Nutrition and Population ; Macroeconomics and Economic Growth ; Population Policies ; Poverty Reduction ; School ; Social Protections and Labor
    Abstract: There are significant weaknesses in some of the traditional justifications for assuming that aid will foster development. This paper looks at what the cross-country aid effectiveness literature and World Bank Operations Evaluation Department reviews have suggested about effective aid, first in terms of promoting income growth, and then for promoting other goals. This review forms the basis for a discussion of recommendations to improve aid effectiveness and a discussion of effective aid allocation. Given the multiple potential objectives for aid, there is no one right answer. However, it appears that there are a number of reforms to aid practices and distribution that might help to deliver a more significant return to aid resources. We should provide aid where institutions are already strong, where they can be strengthened with the help of donor resources, or where they can be bypassed with limited damage to existing institutional capacity. The importance of institutions to aid outcomes, as well as the fungibility of aid flows, suggests that programmatic aid should be expanded in countries with strong institutions, while project aid should be supported based on its ability to transfer knowledge and test new practices and support global public good provision rather than (merely) as a tool of financial resource transfer. The importance of institutions also suggests that we should be cautious in our expectations regarding the results of increased aid flows
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  • 85
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (19 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Ersado, Lire Azerbaijan's Household Survey Data
    Keywords: Consumption ; Consumption Expenditures ; Economic Growth ; Economic Theory and Research ; Food Consumption ; Household Consumption ; Household Income ; Household Survey ; Household Surveys ; Human Development ; Income On Food ; Inequality ; Inequality ; Macroeconomics and Economic Growth ; Poverty Impact Evaluation ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Services and Transfers to Poor ; Small Area Estimation Poverty Mapping ; Consumption ; Consumption Expenditures ; Economic Growth ; Economic Theory and Research ; Food Consumption ; Household Consumption ; Household Income ; Household Survey ; Household Surveys ; Human Development ; Income On Food ; Inequality ; Inequality ; Macroeconomics and Economic Growth ; Poverty Impact Evaluation ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Services and Transfers to Poor ; Small Area Estimation Poverty Mapping ; Consumption ; Consumption Expenditures ; Economic Growth ; Economic Theory and Research ; Food Consumption ; Household Consumption ; Household Income ; Household Survey ; Household Surveys ; Human Development ; Income On Food ; Inequality ; Inequality ; Macroeconomics and Economic Growth ; Poverty Impact Evaluation ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Services and Transfers to Poor ; Small Area Estimation Poverty Mapping
    Abstract: While the Azerbaijan household income and expenditure survey (HIES) data satisfy most empirical regularities expected in a typical household survey data, the unequality measures based on the data are unusually low. For example, for the latest three years for which we have data (2002 - 2004), the consumption Gini coefficient (the commonly used summary measure of inequality) is in the range of 16 - 18 percent. This is among the lowest Gini coefficients ever observed in any country, and is extremely low even with the standard of countries generally considered as most equal in the world. Azerbaijan, a transitional economy with a significant natural resource base, is unlikely to be the most equal country in the world. The objective of this paper is to investigate why inequality measures are unusually low in the Azerbaijan household survey data. The author presents a methodology for diagnosing and identifying the potential sources of low inequality in the data, including cluster analysis at the primary sampling unit level. The main inference from the findings of the cluster analysis is that the observed low inequality indices are not due to poor supervision of the interviewers and the data collection process. The author finds that the main culprits for the observed low inequality in the HIES data are (1) the low participation rates of wealthy households in the household surveys, and (2) the widespread availability of well-targeted public and private transfers
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  • 86
    Language: English
    Pages: Online-Ressource (1 online resource (49 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Christiaensen, Luc The Role of Agriculture In Poverty Reduction An Empirical Perspective
    Keywords: Agricultural Development ; Agricultural Growth ; Agricultural Productivity ; Agricultural Productivity Growth ; Agricultural Sector ; Agricultural Technology ; Economic Growth ; Economic Theory and Research ; Health, Nutrition and Population ; Household Surveys ; Macroeconomics and Economic Growth ; Population Policies ; Poverty Reduction ; Pro-Poor Growth ; Rural Development ; Rural Development Knowledge and Information Systems ; Rural Poverty Reduction ; Agricultural Development ; Agricultural Growth ; Agricultural Productivity ; Agricultural Productivity Growth ; Agricultural Sector ; Agricultural Technology ; Economic Growth ; Economic Theory and Research ; Health, Nutrition and Population ; Household Surveys ; Macroeconomics and Economic Growth ; Population Policies ; Poverty Reduction ; Pro-Poor Growth ; Rural Development ; Rural Development Knowledge and Information Systems ; Rural Poverty Reduction ; Agricultural Development ; Agricultural Growth ; Agricultural Productivity ; Agricultural Productivity Growth ; Agricultural Sector ; Agricultural Technology ; Economic Growth ; Economic Theory and Research ; Health, Nutrition and Population ; Household Surveys ; Macroeconomics and Economic Growth ; Population Policies ; Poverty Reduction ; Pro-Poor Growth ; Rural Development ; Rural Development Knowledge and Information Systems ; Rural Poverty Reduction
    Abstract: The relative contribution of a sector to poverty reduction is shown to depend on its direct and indirect growth effects as well as its participation effect. The paper assesses how these effects compare between agriculture and non-agriculture by reviewing the literature and by analyzing cross-country national accounts and poverty data from household surveys. Special attention is given to Sub-Saharan Africa. While the direct growth effect of agriculture on poverty reduction is likely to be smaller than that of non-agriculture (though not because of inherently inferior productivity growth), the indirect growth effect of agriculture (through its linkages with nonagriculture) appears substantial and at least as large as the reverse feedback effect. The poor participate much more in growth in the agricultural sector, especially in low-income countries, resulting in much larger poverty reduction impact. Together, these findings support the overall premise that enhancing agricultural productivity is the critical entry-point in designing effective poverty reduction strategies, including in Sub-Saharan Africa. Yet, to maximize the poverty reducing effects, the right agricultural technology and investments must be pursued, underscoring the need for much more country specific analysis of the structure and institutional organization of the rural economy in designing poverty reduction strategies
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  • 87
    Language: English
    Pages: Online-Ressource (1 online resource (83 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Rutherford, Thomas Regional Impacts of Russia's Accession To The World Trade Organization
    Keywords: Competitiveness ; Consumption ; Currencies and Exchange Rates ; Debt Markets ; E-Business ; Economic Theory ; Economic Theory and Research ; Economy ; Emerging Markets ; Equilibrium ; Exchange ; Finance and Financial Sector Development ; Free Trade ; Goods ; Imperfect Competition ; Information and Communication Technologies ; International Economics & Trade ; International Trade ; Investment ; Investment and Investment Climate ; Macroeconomics and Economic Growth ; Markets ; Markets and Market Access ; Prices ; Private Sector Development ; Production ; Public Sector Development ; Competitiveness ; Consumption ; Currencies and Exchange Rates ; Debt Markets ; E-Business ; Economic Theory ; Economic Theory and Research ; Economy ; Emerging Markets ; Equilibrium ; Exchange ; Finance and Financial Sector Development ; Free Trade ; Goods ; Imperfect Competition ; Information and Communication Technologies ; International Economics & Trade ; International Trade ; Investment ; Investment and Investment Climate ; Macroeconomics and Economic Growth ; Markets ; Markets and Market Access ; Prices ; Private Sector Development ; Production ; Public Sector Development ; Competitiveness ; Consumption ; Currencies and Exchange Rates ; Debt Markets ; E-Business ; Economic Theory ; Economic Theory and Research ; Economy ; Emerging Markets ; Equilibrium ; Exchange ; Finance and Financial Sector Development ; Free Trade ; Goods ; Imperfect Competition ; Information and Communication Technologies ; International Economics & Trade ; International Trade ; Investment ; Investment and Investment Climate ; Macroeconomics and Economic Growth ; Markets ; Markets and Market Access ; Prices ; Private Sector Development ; Production ; Public Sector Development
    Abstract: In this paper we develop a computable general equilibrium model of the regions of Russia to assess the impact of accession to the World Trade Organization (WTO) on the regions of Russia. We estimate that the average gain in welfare as a percentage of consumption for the whole country is 7.8 percent (or 4.3 percent of consumption); we estimate that three regions will gain considerably more: Northwest (11.2 percent), St. Petersburg (10.6 percent) and Far East (9.7 percent). We estimate that the Urals will gain only 6.2 percent of consumption, considerably less than the national average. The principal explanation in our central analysis for the differences across regions is the ability of the different regions to benefit from a reduction in barriers against foreign direct investment. The three regions with the largest welfare gains are clearly the regions with the estimated largest shares of multinational investment. But the Urals has attracted relatively little FDI in the service sectors. An additional reason for differences across regions is quantified in our sensitivity analysis: regions may gain more from WTO accession if they can succeed in creating a good investment climate
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  • 88
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (32 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Bayraktar, Nihal Banking Sector Openness And Economic Growth
    Keywords: Accounting ; Auditing ; Bank ; Banking ; Banking Sector ; Banking Services ; Banks and Banking Reform ; Borrowing ; Capital ; Currencies and Exchange Rates ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial Integration ; Financial Intermediation ; Financial Literacy ; Financial Markets ; Financial Services ; Foreign Banks ; Labor Pollution ; Macroeconomics and Economic Growth ; Poverty Reduction ; Private Sector Development ; Pro-Poor Growth ; Social Protections and Labor ; Accounting ; Auditing ; Bank ; Banking ; Banking Sector ; Banking Services ; Banks and Banking Reform ; Borrowing ; Capital ; Currencies and Exchange Rates ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial Integration ; Financial Intermediation ; Financial Literacy ; Financial Markets ; Financial Services ; Foreign Banks ; Labor Pollution ; Macroeconomics and Economic Growth ; Poverty Reduction ; Private Sector Development ; Pro-Poor Growth ; Social Protections and Labor ; Accounting ; Auditing ; Bank ; Banking ; Banking Sector ; Banking Services ; Banks and Banking Reform ; Borrowing ; Capital ; Currencies and Exchange Rates ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial Integration ; Financial Intermediation ; Financial Literacy ; Financial Markets ; Financial Services ; Foreign Banks ; Labor Pollution ; Macroeconomics and Economic Growth ; Poverty Reduction ; Private Sector Development ; Pro-Poor Growth ; Social Protections and Labor
    Abstract: Banking sector openness may directly affect growth by improving the access to financial services and indirectly by improving the efficiency of financial intermediaries, both of which reduce the cost of financing, and in turn, stimulate capital accumulation and economic growth. The objective of the paper is to empirically reinvestigate these direct and indirect links using a more advanced econometric technique (GMM dynamic panel estimators). An illustrative model is presented to link financial market development with investment. The empirical results confirm the presence of direct and indirect links, and thus provide support for countries planning to open their banking sector for international competition
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  • 89
    Language: English
    Pages: Online-Ressource (1 online resource (26 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Behrman, Jere R What Is The Real Impact of Schooling On Age of First Union And Age of First Parenting ?
    Keywords: Adolescents ; Adulthood ; Adults ; Age ; Aged ; Childhood ; Children ; Demography ; Education ; Education ; Education for All ; Effective Schools and Teachers ; Family ; Females ; Gender ; Gender and Law ; Generations ; Health Monitoring and Evaluation ; Health, Nutrition and Population ; Knowledge ; Law and Development ; Marriage ; Mothers ; Population Policies ; Population and Development ; Poverty Reduction ; Primary Education ; Rural Development ; Rural Poverty Reduction ; Adolescents ; Adulthood ; Adults ; Age ; Aged ; Childhood ; Children ; Demography ; Education ; Education ; Education for All ; Effective Schools and Teachers ; Family ; Females ; Gender ; Gender and Law ; Generations ; Health Monitoring and Evaluation ; Health, Nutrition and Population ; Knowledge ; Law and Development ; Marriage ; Mothers ; Population Policies ; Population and Development ; Poverty Reduction ; Primary Education ; Rural Development ; Rural Poverty Reduction ; Adolescents ; Adulthood ; Adults ; Age ; Aged ; Childhood ; Children ; Demography ; Education ; Education ; Education for All ; Effective Schools and Teachers ; Family ; Females ; Gender ; Gender and Law ; Generations ; Health Monitoring and Evaluation ; Health, Nutrition and Population ; Knowledge ; Law and Development ; Marriage ; Mothers ; Population Policies ; Population and Development ; Poverty Reduction ; Primary Education ; Rural Development ; Rural Poverty Reduction
    Abstract: The ages of first union and of first parenting are of considerable interest, not only because of their implications for individual welfare and well-being over the life cycle, but also because they are strongly associated with fertility patterns that are thought to have important implications for the broader society. But the many positive associations between schooling attainment and ages of first union and first parenting do not mean that increasing education causes increases in ages of first union and first parenting. This study contributes to the literature by investigating the impact of schooling on ages of first union and first parenting using data collected over 35 years in Guatemala. It advances beyond the previous literature by (1) treating schooling as behaviorally-determined, which changes the estimated schooling impacts considerably in a number of cases, tending to result in stronger positive effects of schooling for females and weaker ones for males; (2) including other aspects of individuals' human capital and parental family background, which in some cases changes the estimated impact of schooling attainment a fair amount; and (3) including outcomes, additional to ages of first union and first parenting, such as union partner's human capital and union partner's family's social and economic status, which enriches the understanding of the multiple effects that schooling attainment has on the processes under study
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  • 90
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (62 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Hoekman, Bernard Liberalizing Trade In Services
    Keywords: Banks and Banking Reform ; Competitiveness ; Development ; Development Assistance ; Distribution ; Economic Growth ; Economic Theory and Research ; Emerging Markets ; Free Trade ; GDP ; ICT Policy and Strategies ; Incentives ; Income ; Information and Communication Technologies ; Inputs ; International Economics & Trade ; International Trade ; Investment ; Macroeconomics and Economic Growth ; National Income ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Public Sector Development ; Transport ; Transport Economics, Policy and Planning ; Banks and Banking Reform ; Competitiveness ; Development ; Development Assistance ; Distribution ; Economic Growth ; Economic Theory and Research ; Emerging Markets ; Free Trade ; GDP ; ICT Policy and Strategies ; Incentives ; Income ; Information and Communication Technologies ; Inputs ; International Economics & Trade ; International Trade ; Investment ; Macroeconomics and Economic Growth ; National Income ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Public Sector Development ; Transport ; Transport Economics, Policy and Planning ; Banks and Banking Reform ; Competitiveness ; Development ; Development Assistance ; Distribution ; Economic Growth ; Economic Theory and Research ; Emerging Markets ; Free Trade ; GDP ; ICT Policy and Strategies ; Incentives ; Income ; Information and Communication Technologies ; Inputs ; International Economics & Trade ; International Trade ; Investment ; Macroeconomics and Economic Growth ; National Income ; Private Sector Development ; Public Sector Corruption and Anticorruption Measures ; Public Sector Development ; Transport ; Transport Economics, Policy and Planning
    Abstract: Since the mid 1980s a substantial amount of research has been undertaken on trade in services. Much of this is inspired by the World Trade Organization or regional trade agreements, especially the European Union, but an increasing number of papers focus on the impacts of services sector liberalization. This paper surveys the literature, focusing on contributions that investigate the determinants of international trade and investment in services, the potential gains from greater trade (and liberalization), and efforts to cooperate to achieve such liberalization through trade agreements. It concludes that there is increasing evidence that services liberalization is an important source of potential welfare gains, but relatively little research has been done that can inform the design of international cooperation-both trade agreements and development assistance-so as to more effectively promote development objectives
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  • 91
    Language: English
    Pages: Online-Ressource (1 online resource (39 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Marschinski, Robert Do Intensity Targets Control Uncertainty Better Than Quotas ?
    Keywords: Abatement ; Abatement Cost ; Abatement Costs ; Abatement Level ; Climate Change ; Climate Change ; Economic Theory and Research ; Effective Emissions ; Emission ; Emission Reductions ; Emissions Relative ; Energy ; Energy ; Energy Production and Transportation ; Energy and Environment ; Environment ; Environment and Energy Efficiency ; Finance and Financial Sector Development ; Fuel ; Gas Emission ; Macroeconomics and Economic Growth ; Pollution Management and Control ; Public Sector Development ; Transport ; Transport and Environment ; Abatement ; Abatement Cost ; Abatement Costs ; Abatement Level ; Climate Change ; Climate Change ; Economic Theory and Research ; Effective Emissions ; Emission ; Emission Reductions ; Emissions Relative ; Energy ; Energy ; Energy Production and Transportation ; Energy and Environment ; Environment ; Environment and Energy Efficiency ; Finance and Financial Sector Development ; Fuel ; Gas Emission ; Macroeconomics and Economic Growth ; Pollution Management and Control ; Public Sector Development ; Transport ; Transport and Environment ; Abatement ; Abatement Cost ; Abatement Costs ; Abatement Level ; Climate Change ; Climate Change ; Economic Theory and Research ; Effective Emissions ; Emission ; Emission Reductions ; Emissions Relative ; Energy ; Energy ; Energy Production and Transportation ; Energy and Environment ; Environment ; Environment and Energy Efficiency ; Finance and Financial Sector Development ; Fuel ; Gas Emission ; Macroeconomics and Economic Growth ; Pollution Management and Control ; Public Sector Development ; Transport ; Transport and Environment
    Abstract: Among policy instruments to control future greenhouse gas emissions, well-calibrated general intensity targets are known to lead to lower uncertainty on the amount of abatement than emissions quotas (Jotzo and Pezzey 2004). The authors test whether this result holds in a broader framework, and whether it applies to other policy-relevant variables as well. To do so, they provide a general representation of the uncertainty on future GDP, future business-as-usual emissions, and future abatement costs. The authors derive the variances of four variables, namely (effective) emissions, abatement effort, marginal abatement costs, and total abatement costs over GDP under a quota, a linear (LIT) and a general intensity target (GIT)-where the emissions ceiling is a power-law function of GDP. They confirm that GITs can yield a lower variance than a quota for marginal costs, but find that this is not true for total costs over GDP. Using economic and emissions scenarios and forecast errors of past projections, the authors estimate ranges of values for key parameters in their model. They find that quotas dominate LITs over most of this range, that calibrating GITs over this wide range is difficult, and that GITs would yield only modest reductions in uncertainty relative to quotas
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  • 92
    Language: English
    Pages: Online-Ressource (1 online resource (24 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Grether, Jean-Marie Unraveling The Worldwide Pollution Haven Effect
    Keywords: Abatement ; Abatement Costs ; Comparative Advantage ; Economic Activity ; Emissions ; Environment ; Environment ; Environmental ; Environmental Economics and Policies ; Environmental Policies ; Environmental Policy ; Environmental Quality ; Abatement ; Abatement Costs ; Comparative Advantage ; Economic Activity ; Emissions ; Environment ; Environment ; Environmental ; Environmental Economics and Policies ; Environmental Policies ; Environmental Policy ; Environmental Quality ; Abatement ; Abatement Costs ; Comparative Advantage ; Economic Activity ; Emissions ; Environment ; Environment ; Environmental ; Environmental Economics and Policies ; Environmental Policies ; Environmental Policy ; Environmental Quality
    Abstract: This paper contributes to the debate on the existence of pollution haven effects by systematically measuring the pollution content of trade (measured by the pollution content of imports, PCI) and decomposing it into three components-a "deep" component (unrelated to the environmental debate but including variables traditionally present in the gravity model) and two components (factor endowments and environmental policies) that occupy center stage in the debate on trade and the environment. The decomposition is carried out for 1986-88 for an extensive data set covering 10 pollutants, 48 countries, and 79 ISIC 4-digit sectors. Illustrative decompositions presented for three of the 10 pollutants in the data set indicate a significant pollution haven effect which increases the PCI of the North because of stricter environmental regulations in the North. At the same time, the factor endowment effect decreases the PCI of the North as the North is relatively well-endowed in capital and pollution-intensive activities are also capital-intensive. On a global scale, because the bulk of trade is intraregional with a high North-North share, these effects are small relative to the "deep" determinants of the worldwide pollution content of trade. In sum, although the impact has been stronger on vertical (North-South) trade flows, differences in factor endowments and environmental policies have only marginally affected the pollution content of world trade during the 1986-88 period
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  • 93
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (54 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Ming Su The Fiscal Framework And Urban Infrastructure Finance In China
    Keywords: Bank Policy ; Banks and Banking Reform ; Budget ; Budget Constraint ; Capacity Constraints ; Capital Stock ; Debt Markets ; Degree of Risk ; Economic Development ; Environment ; Environmental Economic ; Exchange ; Finance and Financial Sector Development ; Financial Literacy ; Fiscal Capacity ; Fiscal Decentralization ; Fiscal Policy ; Municipal Financial Management ; Private Sector Development ; Public Sector Economics and Finance ; Public and Municipal Finance ; Urban Development ; Urban Economics ; Bank Policy ; Banks and Banking Reform ; Budget ; Budget Constraint ; Capacity Constraints ; Capital Stock ; Debt Markets ; Degree of Risk ; Economic Development ; Environment ; Environmental Economic ; Exchange ; Finance and Financial Sector Development ; Financial Literacy ; Fiscal Capacity ; Fiscal Decentralization ; Fiscal Policy ; Municipal Financial Management ; Private Sector Development ; Public Sector Economics and Finance ; Public and Municipal Finance ; Urban Development ; Urban Economics ; Bank Policy ; Banks and Banking Reform ; Budget ; Budget Constraint ; Capacity Constraints ; Capital Stock ; Debt Markets ; Degree of Risk ; Economic Development ; Environment ; Environmental Economic ; Exchange ; Finance and Financial Sector Development ; Financial Literacy ; Fiscal Capacity ; Fiscal Decentralization ; Fiscal Policy ; Municipal Financial Management ; Private Sector Development ; Public Sector Economics and Finance ; Public and Municipal Finance ; Urban Development ; Urban Economics
    Abstract: China has experienced more than 25 years of extraordinary economic growth. Underlying this growth has been a decentralized fiscal system, in which provinces and large cities are given the freedom to make infrastructure investments to stimulate local development, and are allowed to retain a large part of the fiscal revenues that are generated from economic activity. Although successful as a growth strategy, this policy created two problems for national fiscal management. First, it significantly reduced the central government's share of fiscal revenues, which fell from 34.8 percent in 1980 to 22 percent in 1992. Second, it widened economic and fiscal disparities between the rapidly growing urban coastal region and the rest of the country. Rapid growth in subnational debt (which rose 23-fold in a decade) and subnational nonperforming loans (estimated by the authors to range between US
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  • 94
    Language: English
    Pages: Online-Ressource (1 online resource (46 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Grais, Wafik Corporate Governance In Institutions Offering Islamic Financial Services
    Keywords: Account Holders ; Accounting ; Agency Problem ; Bank Policy ; Banks and Banking Reform ; Central Bank ; Corporate Governance ; Corporate Law ; Debt Markets ; Depos Depositors ; Emerging Markets ; Exchange ; Federal Deposit Insurance ; Finance and Financial Sector Development ; Financial Literacy ; Holding ; Interests ; Islamic Finance ; Labor Policies ; Law and Development ; Private Sector Development ; Social Protections and Labor ; Account Holders ; Accounting ; Agency Problem ; Bank Policy ; Banks and Banking Reform ; Central Bank ; Corporate Governance ; Corporate Law ; Debt Markets ; Depos Depositors ; Emerging Markets ; Exchange ; Federal Deposit Insurance ; Finance and Financial Sector Development ; Financial Literacy ; Holding ; Interests ; Islamic Finance ; Labor Policies ; Law and Development ; Private Sector Development ; Social Protections and Labor ; Account Holders ; Accounting ; Agency Problem ; Bank Policy ; Banks and Banking Reform ; Central Bank ; Corporate Governance ; Corporate Law ; Debt Markets ; Depos Depositors ; Emerging Markets ; Exchange ; Federal Deposit Insurance ; Finance and Financial Sector Development ; Financial Literacy ; Holding ; Interests ; Islamic Finance ; Labor Policies ; Law and Development ; Private Sector Development ; Social Protections and Labor
    Abstract: This paper reviews institutions offering Islamic financial services (IIFS) corporate governance challenges and suggests options to address them. It first points out the importance of corporate governance for IIFS, where it would require a distinct treatment from conventional corporate governance and highlights three cases of distress of IIFS. It then dwells on prevailing corporate governance arrangements addressing IIFS' needs to ensure the consistency of their operations with Islamic finance principles and the protection of the financial interests of a stakeholders' category, namely depositors holding unrestricted investment accounts. It raises the issues of independence, confidentiality, competence, consistency, and disclosure that may bear on pronouncements of consistency with Islamic finance principles. It also discusses the agency problem of depositors holding unrestricted investment accounts. The paper argues for a governance framework that combines internal and external arrangements and relies significantly on transparency and disclosure of market relevant information
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  • 95
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (35 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Mills, Rob The Investment Climate In Post-Conflict Situations
    Keywords: Bank Policy ; Capacity Enhancement ; Conflict and Development ; Contract ; Contract Enforcement ; Debt Markets ; E-Business ; Emerging Markets ; Enabling Environment ; Exchange ; Finance ; Finance and Financial Sector Development ; Financial Literacy ; Good ; International Economics ; Investment ; Investment Climate ; Labor Markets ; Local Capacity ; Macroeconomic ; Macroeconomics and Economic Growth ; Political Economy ; Post Conflict Reconstruction ; Private Sector Development ; Social Conflict and Violence ; Social Development ; Social Protections and Labor ; Trade and Regional Integration ; Bank Policy ; Capacity Enhancement ; Conflict and Development ; Contract ; Contract Enforcement ; Debt Markets ; E-Business ; Emerging Markets ; Enabling Environment ; Exchange ; Finance ; Finance and Financial Sector Development ; Financial Literacy ; Good ; International Economics ; Investment ; Investment Climate ; Labor Markets ; Local Capacity ; Macroeconomic ; Macroeconomics and Economic Growth ; Political Economy ; Post Conflict Reconstruction ; Private Sector Development ; Social Conflict and Violence ; Social Development ; Social Protections and Labor ; Trade and Regional Integration ; Bank Policy ; Capacity Enhancement ; Conflict and Development ; Contract ; Contract Enforcement ; Debt Markets ; E-Business ; Emerging Markets ; Enabling Environment ; Exchange ; Finance ; Finance and Financial Sector Development ; Financial Literacy ; Good ; International Economics ; Investment ; Investment Climate ; Labor Markets ; Local Capacity ; Macroeconomic ; Macroeconomics and Economic Growth ; Political Economy ; Post Conflict Reconstruction ; Private Sector Development ; Social Conflict and Violence ; Social Development ; Social Protections and Labor ; Trade and Regional Integration
    Abstract: This paper is a policy review of the role of investment climate in post-conflict situations. It summarizes the broad range of ways in which conflict negatively affects the investment climate, from macroeconomic instability to a degraded regulatory framework. It stresses that attention needs to be paid to the broader "enabling environment," including institutions, governance, capacity, and social capital. It suggests that a vibrant private sector underpinned by a good investment climate is particularly important in the post-conflict recovery phase for three reasons: it generates employment, provides public services where the state has retrenched, and builds social capital. By addressing these important "greed and grievance" factors, the private sector helps reduce the likelihood of a return to conflict. The paper concludes by distilling key lessons relating to the management of the post-conflict reform process. Despite the importance of a good investment climate, greater effort is needed to ensure that private sector development reforms are included in the first round of post-conflict policymaking. Local ownership of reforms and enhanced local capacity to implement them is key to sustainable improvements in the investment climate. Development partners have an important role to play in facilitating dialogue and promoting partnerships between public and private sector stakeholders. At the same time, development partners need to ensure that their presence in fragile post-conflict economies does not damage the very sector they are trying to support
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  • 96
    Language: English
    Pages: Online-Ressource (1 online resource (44 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Galasso, Emanuela Learning Through Monitoring
    Keywords: Breastfeeding ; Children ; E-Business ; Early Child and Children's Health ; Education ; Exercises ; Health ; Health Monitoring and Evaluation ; Health Outcomes ; Health, Nutrition and Population ; Hygiene ; Immunization ; Implementation ; Intervention ; Knowledge ; Measurement ; Nutrition ; Nutrition ; Nutrition Education ; Population Policies ; Poverty Monitoring and Analysis ; Poverty Reduction ; Primary Education ; Private Sector Development ; Rural Development ; Rural Poverty Reduction ; Social Protections and Labor ; Breastfeeding ; Children ; E-Business ; Early Child and Children's Health ; Education ; Exercises ; Health ; Health Monitoring and Evaluation ; Health Outcomes ; Health, Nutrition and Population ; Hygiene ; Immunization ; Implementation ; Intervention ; Knowledge ; Measurement ; Nutrition ; Nutrition ; Nutrition Education ; Population Policies ; Poverty Monitoring and Analysis ; Poverty Reduction ; Primary Education ; Private Sector Development ; Rural Development ; Rural Poverty Reduction ; Social Protections and Labor ; Breastfeeding ; Children ; E-Business ; Early Child and Children's Health ; Education ; Exercises ; Health ; Health Monitoring and Evaluation ; Health Outcomes ; Health, Nutrition and Population ; Hygiene ; Immunization ; Implementation ; Intervention ; Knowledge ; Measurement ; Nutrition ; Nutrition ; Nutrition Education ; Population Policies ; Poverty Monitoring and Analysis ; Poverty Reduction ; Primary Education ; Private Sector Development ; Rural Development ; Rural Poverty Reduction ; Social Protections and Labor
    Abstract: Monitoring data are generally collected as a by-product of the process of monitoring program implementation. Yet this rich source of data have not been exploited to assess the effectiveness of the program. In this paper the authors use detailed administered data from a large-scale, community-based nutrition program in Madagascar to argue that this data can be used to estimate the differential effect of increased exposure to the program and study how these returns to exposure evolve over time. They find that the returns to exposure are positive: communities exposed for an additional one or two years display on average lower malnutrition rates of around 7-9 percentage points. And they find that the returns decrease as time and duration increase, although they do not dissipate to zero. These results are consistent with the hypothesis that the returns to the program reflect learning effects from the intervention. Finally, the results show higher differential returns to the program in poorer areas and areas more vulnerable to diseases. These findings have important implications for how such programs should be scaled-up within a country
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  • 97
    Language: English
    Pages: Online-Ressource (1 online resource (59 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Agenor, Pierre-Richard Public Infrastructure And Growth
    Keywords: Children ; Clinics ; Death Rate ; Health ; Health Care ; Health Indicators ; Health Interventions ; Health Monitoring and Evaluation ; Health Outcomes ; Health Services ; Health, Nutrition and Population ; Hospitals ; Hygiene ; Implementation ; Transport ; Transport Economics, Policy and Planning ; Children ; Clinics ; Death Rate ; Health ; Health Care ; Health Indicators ; Health Interventions ; Health Monitoring and Evaluation ; Health Outcomes ; Health Services ; Health, Nutrition and Population ; Hospitals ; Hygiene ; Implementation ; Transport ; Transport Economics, Policy and Planning ; Children ; Clinics ; Death Rate ; Health ; Health Care ; Health Indicators ; Health Interventions ; Health Monitoring and Evaluation ; Health Outcomes ; Health Services ; Health, Nutrition and Population ; Hospitals ; Hygiene ; Implementation ; Transport ; Transport Economics, Policy and Planning
    Abstract: This paper provides an overview of the various channels through which public infrastructure may affect growth. In addition to the conventional productivity, complementarity, and crowding-out effects typically emphasized in the literature, the impact of infrastructure on investment adjustment costs, the durability of private capital, and the production of health and education services are also highlighted. Effects on health and education are well documented in a number of microeconomic studies, but macroeconomists have only recently begun to study their implications for growth. Links between health, infrastructure, and growth are illustrated in an endogenous growth model with transitional dynamics, and the optimal allocation of public expenditure is discussed. The concluding section draws implications of the analysis for the design of strategies aimed at promoting growth and reducing poverty
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  • 98
    Language: English
    Pages: Online-Ressource (1 online resource (66 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Medvedev, Denis Beyond Trade
    Keywords: Barriers ; Common Market ; Competition ; Currencies and Exchange Rates ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Exchange ; Finance and Financial Sector Development ; Foreign Direct Investment ; Foreign Direct Investment ; Foreign Investment ; Free Trade ; Harmonization ; Income ; Intellectual Property ; Interest ; International Capital ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Private Sector Development ; Public Sector Development ; Trade Law ; Trade Policy ; Trade and Regional Integration ; Barriers ; Common Market ; Competition ; Currencies and Exchange Rates ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Exchange ; Finance and Financial Sector Development ; Foreign Direct Investment ; Foreign Direct Investment ; Foreign Investment ; Free Trade ; Harmonization ; Income ; Intellectual Property ; Interest ; International Capital ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Private Sector Development ; Public Sector Development ; Trade Law ; Trade Policy ; Trade and Regional Integration ; Barriers ; Common Market ; Competition ; Currencies and Exchange Rates ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Exchange ; Finance and Financial Sector Development ; Foreign Direct Investment ; Foreign Direct Investment ; Foreign Investment ; Free Trade ; Harmonization ; Income ; Intellectual Property ; Interest ; International Capital ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Private Sector Development ; Public Sector Development ; Trade Law ; Trade Policy ; Trade and Regional Integration
    Abstract: The author investigates the effects of preferential trade agreements (PTAs) on the net foreign direct investment (FDI) inflows of member countries using a comprehensive database of PTAs in a panel setting. He finds that PTA membership is associated with a positive change in net FDI inflows, and the FDI gains are increasing in the market size of the PTA partners and their proximity to the host country. The author identifies several different channels through which preferential trade liberalization may affect FDI, and confirms that both threshold effects (signing the agreement) and market size effects (joining a larger and faster-growing common market) are important determinants of net FDI inflows, although the latter seem to dominate. The estimated relationship is largely driven by North-South PTAs, and is most pronounced in the late 1990s and early 2000s, the period when the majority of "deep integration" PTAs had been advanced
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  • 99
    Language: English
    Pages: Online-Ressource (1 online resource (34 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Chaudhuri, Shubham Partially Awakened Giants
    Keywords: Absolute Poverty ; Economic Growth ; Farm Production ; Health, Nutrition and Population ; Household Survey ; Human Capital ; Income ; Income Inequality ; Inequality ; Inequality ; Poor ; Population Policies ; Poverty ; Poverty Line ; Poverty Measures ; Poverty Reduction ; Pro-Poor Growth ; Rural Development ; Rural Poverty Reduction ; Absolute Poverty ; Economic Growth ; Farm Production ; Health, Nutrition and Population ; Household Survey ; Human Capital ; Income ; Income Inequality ; Inequality ; Inequality ; Poor ; Population Policies ; Poverty ; Poverty Line ; Poverty Measures ; Poverty Reduction ; Pro-Poor Growth ; Rural Development ; Rural Poverty Reduction ; Absolute Poverty ; Economic Growth ; Farm Production ; Health, Nutrition and Population ; Household Survey ; Human Capital ; Income ; Income Inequality ; Inequality ; Inequality ; Poor ; Population Policies ; Poverty ; Poverty Line ; Poverty Measures ; Poverty Reduction ; Pro-Poor Growth ; Rural Development ; Rural Poverty Reduction
    Abstract: The paper examines the ways in which recent economic growth has been uneven in China and India and what this has meant for inequality and poverty. Drawing on analyses based on existing household survey data and aggregate data from official sources, the authors show that growth has indeed been uneven-geographically, sectorally, and at the household level-and that this has meant uneven progress against poverty, less poverty reduction than might have been achieved had growth been more balanced, and an increase in income inequality. The paper then examines why growth was uneven and why this should be of concern. The discussion is structured around the idea that there are both "good" and "bad" inequalities-drivers and dimensions of inequality and uneven growth that are good or bad in terms of what they imply for both equity and long-term growth and development. The authors argue that the development paths of both China and India have been influenced by, and have generated, both types of inequalities and that while good inequalities-most notably those that reflect the role of economic incentives-have been critical to the growth experience thus far, there is a risk that bad inequalities-those that prevent individuals from connecting to markets and limit investment and accumulation of human capital and physical capital-may undermine the sustainability of growth in the coming years. The authors argue that policies are needed that preserve the good inequalities-continued incentives for innovation and investment-but reduce the scope for bad ones, notably through investments in human capital and rural infrastructure that help the poor connect to markets
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  • 100
    Language: English
    Pages: Online-Ressource (1 online resource (46 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Parrachino, Irene Cooperative Game Theory and its Application to Natural, Environmental, and Water Resource Issues
    Keywords: Cost Recovery ; Cost Sharing ; Environment ; Environmental Economics and Policies ; Industry ; Law and Development ; Macroeconomics and Economic Growth ; Marginal Cost ; Municipalities ; Public Works ; Sanitation ; Town Water Supply and Sanitation ; Urban Water ; Urban Water Supply ; Wastewater Treatment ; Water ; Water Conservation ; Water Consumption ; Water Infrastructure ; Water Resources ; Water Supply and Sanitation ; Water Supply and Sanitation Governance and Institutions ; Water Supply and Systems ; Water and Industry ; Cost Recovery ; Cost Sharing ; Environment ; Environmental Economics and Policies ; Industry ; Law and Development ; Macroeconomics and Economic Growth ; Marginal Cost ; Municipalities ; Public Works ; Sanitation ; Town Water Supply and Sanitation ; Urban Water ; Urban Water Supply ; Wastewater Treatment ; Water ; Water Conservation ; Water Consumption ; Water Infrastructure ; Water Resources ; Water Supply and Sanitation ; Water Supply and Sanitation Governance and Institutions ; Water Supply and Systems ; Water and Industry ; Cost Recovery ; Cost Sharing ; Environment ; Environmental Economics and Policies ; Industry ; Law and Development ; Macroeconomics and Economic Growth ; Marginal Cost ; Municipalities ; Public Works ; Sanitation ; Town Water Supply and Sanitation ; Urban Water ; Urban Water Supply ; Wastewater Treatment ; Water ; Water Conservation ; Water Consumption ; Water Infrastructure ; Water Resources ; Water Supply and Sanitation ; Water Supply and Sanitation Governance and Institutions ; Water Supply and Systems ; Water and Industry
    Abstract: This paper reviews various applications of cooperative game theory (CGT) to issues of water resources. With an increase in the competition over various water resources, the incidents of disputes have been in the center of allocation agreements. The paper reviews the cases of various water uses, such as multi-objective water projects, irrigation, groundwater, hydropower, urban water supply, wastewater, and transboundary water disputes. In addition to providing examples of cooperative solutions to allocation problems, the conclusion from this review suggests that cooperation over scarce water resources is possible under a variety of physical conditions and institutional arrangements. In particular, the various approaches for cost sharing and for allocation of physical water infrastructure and flow can serve as a basis for stable and efficient agreement, such that long-term investments in water projects are profitable and sustainable. The latter point is especially important, given recent developments in water policy in various countries and regional institutions such as the European Union (Water Framework Directive), calling for full cost recovery of investments and operation and maintenance in water projects. The CGT approaches discussed and demonstrated in this paper can provide a solid basis for finding possible and stable cost-sharing arrangements
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