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  • 101
    Language: English
    Pages: Online-Ressource (28 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Andalón, Mabel Weather Shocks and Health at Birth in Colombia
    Abstract: Poor health at birth has negative long-run effects on individual well-being and is also detrimental for intergenerational mobility. This paper examines whether health outcomes at birth are affected by in utero increased exposure to rainfall and temperature shocks in Colombia, one of the countries in the world with the highest incidence of extreme weather events per year. The paper uses a fixed effects design to gauge the causal effect using variation in fetal exposure to these shocks by municipality and date of birth. The analysis finds negative effects of temperature shocks on birth health outcomes and no effect of rainfall shocks. The results indicate that heat waves lead to a 0.5 percentage point reduction in the probability of being born at full term and a decline of 0.4 percentage point in the probability of newborns classified as healthy. The timing of exposure to the shock matters and it matters differently for different outcomes. These findings are critical to prioritize responses to counteract the negative effects of weather, particularly hot shocks, which are projected to become more frequent and intense with changing climate
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  • 102
    Language: English
    Pages: Online-Ressource (60 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Carletto, Calogero Informing Migration Policies
    Abstract: Researchers in many fields, such as demography, economics, and sociology, have established various data collection methodologies and principles to answer a range of academic and policy questions on migration. Although the progress has been impressive, some basic challenges remain. This paper addresses some basic, yet fundamental, questions on identification of international migrants and how their various demographic, personal, and human capital characteristics are captured via different data sources. The critical issues are the construction of proper sampling frames in censuses, registers, and surveys and the design of questionnaires in household, labor market, and other relevant surveys. The paper discusses how these data sources can be used to answer policy questions in areas such as labor markets, education, or poverty. The focus is on how some of the existing shortcomings in availability, quality, and relevance of migration data can be overcome via improvements in data collection methods
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  • 103
    Language: English
    Pages: Online-Ressource (42 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Kattan, Raja Bentaouet Dropout in Upper Secondary Education in Mexico
    Abstract: This study examines the causes and effects of low enrollment and high dropout rates at the upper secondary level in Mexico, where upper secondary completion rates are well below those of other Organisation for Economic Co-operation and Development countries and the regional average. Through a disaggregated analysis of coverage, absorption, and dropout data in secondary education at the state level, the study categorizes states according to the stage in the educational cycle at which dropout primarily occurs. The study further examines the academic, social, and economic consequences of dropout through an analysis of employment and youth survey data. The analysis of factors associated with dropout uses self-reported factors as well as estimated probit models that use household data from national surveys and the national standardized test. The central conclusion reached is that in addition to the patterns of dropout found, multiple elements intersect with the patterns to form a complex panorama. Key findings include: i) personal, family, and household economic factors and the prevalence of social risks have a closer association with dropout earlier in the education cycle; ii) the association between dropout and the quality of education has greater intensity in states where dropout occurs primarily during upper secondary education and in those with the lowest upper secondary dropout rates; and iii) as the returns to education grow, dropout is lower; in the case of returns to higher education, the association with dropout is stronger for states that have the highest dropout during upper secondary education. This complexity merits differentiated responses, which are explored through a brief look at relevant international approaches
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  • 104
    Language: English
    Pages: Online-Ressource (31 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Deininger, Klaus Inheritance Law Reform, Empowerment, and Human Capital Accumulation
    Abstract: This paper uses evidence from three Indian states, one of which amended inheritance legislation in 1994, to assess first- and second-generation effects of inheritance reform using a triple-difference strategy. Second-generation effects on education, time use, and health are larger and more significant than first-generation effects even controlling for mothers' endowments. Improved access to bank accounts and sanitation as well as lower fertility in the parent generation suggest that inheritance reform empowered females in a sustainable way, a notion supported by significantly higher female survival rates
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  • 105
    Language: English
    Pages: Online-Ressource (32 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Singh, Raju Jan Oil and Civil Conflict
    Abstract: This paper explores the conditions under which public spending could minimize violent conflict related to oil wealth. Previous work suggests that oil can lead to violent conflict because it increases the value of the state as a prize or because it undermines the state' bureaucratic penetration. Yet, little has been said on how oil wealth could be used to prevent the onset of violent conflict through public spending by buying off citizens and elites, increasing state legitimacy by providing basic services, or strengthening the military and security apparatus. The empirical analysis (148 countries over 1960-2009) shows that higher levels of military spending are associated with lower risk of small- and large-scale conflict onset in countries rich in oil and gas. By contrast, in economies with little natural resources, increases in military spending are associated with a higher risk of conflict. Welfare expenditure is associated with lower risk of small-scale conflict, irrespective of the level of oil revenue. However, general government spending does not appear to have any robust mitigating effects
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  • 106
    Language: English
    Pages: Online-Ressource (40 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Balcazar, Carlos Felipe Rent Imputation for Welfare Measurement
    Abstract: As well acknowledged in the literature, housing is often the dominant consumption good for most households. As such, it should be included in a comprehensive welfare aggregate to measure people' living standards accurately. However, assigning a value to the flow of the dwelling for homeowners and nonmarket tenants is problematic. Over the last decades several estimation techniques have been proposed and implemented by practitioners covering from very simple to sophisticated approaches. This paper provides an extensive review of different methods to impute rent, commonly used for welfare analysis. It also gives an overview of how this problem has been addressed by other economic domains, namely national accounts, price indices, purchasing power parities, and taxation. Finally, after setting up a theoretical framework, the paper summarizes the empirical findings about the distributional impact of including imputed rents in welfare aggregates
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  • 107
    Language: English
    Pages: 1 Online-Ressource (27 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Brockmeyer, Anne Public Sector Size and Performance Management: A Case-Study of Post-Revolution Tunisia
    Abstract: This paper examines public sector size and performance management in post-revolution Tunisia, drawing on macro-empirical, legal, and qualitative analyses. The paper first shows that public sector employment figures and the wage bill have increas
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  • 108
    Language: English
    Pages: 1 Online-Ressource (58 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Artuç, Erhan The Rise of China and Labor Market Adjustments in Latin America
    Abstract: This paper assesses the impact of the rise of China on the trade of Latin American and Caribbean economies. The study proposes an index to measure the impact on trade, which suggests sizable effects, especially in Argentina, Brazil, Chile, Hondu
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  • 109
    Language: English
    Pages: 1 Online-Ressource (31 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Balcázar, Carlos Felipe Long-Run Effects of Democracy on Income Inequality: Evidence from Repeated Cross-Sections
    Abstract: This paper assesses the link between democracy and inequality. Inequality is measured at the cohort level with pseudo-panel data built from nine Latin American countries' household surveys (1995-2009, biannual). Democracy is measured as a stock
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  • 110
    Language: English
    Pages: 1 Online-Ressource (30 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Dasgupta, Susmita Facing the Hungry Tide: Climate Change, Livelihood Threats, and Household Responses in Coastal Bangladesh
    Abstract: This paper quantifies the impact of inundation risk and salinization on the family structure and economic welfare of coastal households in Bangladesh. These households are already on the "front line" of climate change, so their adaptation presag
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  • 111
    Language: English
    Pages: 1 Online-Ressource (30 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Lederman, Daniel Export Shocks and the Volatility of Returns to Schooling: Evidence from Twelve Latin American Economies
    Abstract: This paper builds on previous studies to uncover evidence suggesting that cyclical fluctuations in returns to schooling are determined by fluctuations in foreign demand, which tend to be positively correlated with returns to schooling. The effec
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  • 112
    Language: English
    Pages: 1 Online-Ressource (48 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als Strand, Jon A "Delphi Exercise" as a Tool in Amazon Rainforest Valuation
    Abstract: The Amazon rainforest, the world's largest and most biodiverse, represents a global public good of which 15 percent has already been lost. The worldwide value of preserving the remaining forest is today unknown. A "Delphi" exercise was conducted
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  • 113
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Health Study
    Series Statement: World Bank E-Library Archive
    Abstract: This report presents the findings of the first phase of a series of analytical and evaluation studies contributing to the design of an impact and process evaluation of South Africa's National Adherence Guidelines for Chronic Diseases. The work package is a collaborative effort between the National Department of Health of South Africa, the National Health Laboratory Service (NHLS), the National Institute for Communicable Diseases (NICD), Boston University/Health Economics and Epidemiology Research Office (HE2RO) and the World Bank. The evaluation seeks to answer which mechanisms, strategies and delivery models work best in different settings in South Africa to improve enrolment in ART after HIV diagnosis, adherence to ART and long-term retention in care. The research was conducted in 2014 and consisted of a literature and data review and semi-structured interviews with key informants and health care clients in five selected provinces (Gauteng, KwaZulu-Natal, Limpopo, North West, and Western Cape). Based on the evidence, the report provides recommendations for future treatment adherence models and differentiated care in four priority areas: Improving clients' understanding of their treatment; Providing focused counselling and grow accountability; Ensuring that there are tools and strategies to assist client self-monitoring; and Reducing barriers to diagnosis, treatment and care. This research contributed to the development of South Africa's chronic treatment adherence guideline
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  • 114
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Financial Sector Study
    Series Statement: World Bank E-Library Archive
    Abstract: The report aims to assess the current market for movable assets based lending with respect to micro, small and medium enterprises (MSMEs) in Indonesia. The sections of the report highlight the addressable demand for MSMEs and the current supply provided by various formal sources of financing in Indonesia. Traditionally, financial institutions have preferred lending against fixed asset collateral only. Using that as a starting point, the report seeks to identify the current challenges in lending against movable assets. It further extends the need for a greater financial infrastructure that can facilitate the ability of lenders to evaluate risks in movable assets based lending. This report delves into the lending challenges faced by MSMEs as well as the challenges that restrict greater supply of credit by financial institutions. It draws on data and insights based on discussions with over 70 financial institutions in Indonesia, and an understanding of the credit requirements of MSMEs - based on over 850 sample cases for quantitative data. These findings were further examined through in-depth qualitative discussions with 34 MSMEs spread across multiple regions in Indonesia. As the Indonesian economy follows a traditional model of providing credit based on fixed collateral, such as land and buildings, the study focuses on: (i) understanding the current credit demand that can be potentially addressed by movable assets to complement the traditional model, and (ii) the challenges that need to be addressed to facilitate the ensuing movable assets based lending
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  • 115
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Rural Study
    Series Statement: World Bank E-Library Archive
    Abstract: The Land Governance Assessment Framework (LGAF) is a diagnostic tool to assess the status of land governance at country level using a participatory process that draws systematically on existing evidence and local expertise rather than on outsiders. The analysis covers nine themes: land tenure recognition; rights to forest and common lands and rural land use regulations; urban land use, planning, and development; public land management; process for transfer of public land to private use; public provision of land information (land administration and information systems); land valuation and taxation; dispute resolution and review of institutional arrangements and policies. The assessment follows a scorecard approach and produces a matrix of policy priorities matrix. The LGAF process helps to establish a consensus on (i) gaps in existing evidence; (ii) areas for regulatory or institutional change, piloting of new approaches, and interventions to improve land governance on a broader scale (e.g. by strengthening land rights and improving their enforcement); and (iii) criteria to assess the effectiveness of these measures. This report presents the result for Ukraine
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  • 116
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Rural Study
    Series Statement: World Bank E-Library Archive
    Abstract: The Land Governance Assessment Framework (LGAF) is a diagnostic tool to assess the status of land governance at country level using a participatory process that draws systematically on existing evidence and local expertise rather than on outsiders. The analysis covers nine themes: land tenure recognition; rights to forest and common lands and rural land use regulations; urban land use, planning, and development; public land management; process for transfer of public land to private use; public provision of land information (land administration and information systems); land valuation and taxation; dispute resolution and review of institutional arrangements and policies. The assessment follows a scorecard approach and produces a matrix of policy priorities matrix. The LGAF process helps to establish a consensus on (i) gaps in existing evidence; (ii) areas for regulatory or institutional change, piloting of new approaches, and interventions to improve land governance on a broader scale (e.g. by strengthening land rights and improving their enforcement); and (iii) criteria to assess the effectiveness of these measures. This report presents the result for Karnataka
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  • 117
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Rural Study
    Series Statement: World Bank E-Library Archive
    Abstract: The Land Governance Assessment Framework (LGAF) is a diagnostic tool to assess the status of land governance at country level using a participatory process that draws systematically on existing evidence and local expertise rather than on outsiders. The analysis covers nine themes: land tenure recognition; rights to forest and common lands and rural land use regulations; urban land use, planning, and development; public land management; process for transfer of public land to private use; public provision of land information (land administration and information systems); land valuation and taxation; dispute resolution and review of institutional arrangements and policies. The assessment follows a scorecard approach and produces a matrix of policy priorities matrix. The LGAF process helps to establish a consensus on (i) gaps in existing evidence; (ii) areas for regulatory or institutional change, piloting of new approaches, and interventions to improve land governance on a broader scale (e.g. by strengthening land rights and improving their enforcement); and (iii) criteria to assess the effectiveness of these measures. This report presents the result for Andhra Pradesh
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  • 118
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Systematic Country Diagnostics
    Series Statement: World Bank E-Library Archive
    Abstract: Myanmar is going through a critical transformation in its development path - from isolation and fragmentation to openness and integration; and from pervasive state control, exclusion, and individual disengagement, to inclusion, participation, and empowerment. This dual shift is happening against a backdrop of broader political reforms that started in 2011 when a new administration took office. The country's transition after the planned elections in 2015 will be a major test of the progress on political reforms. There remain risks of political instability, policy discontinuity, and stalled reforms due to vested interests
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  • 119
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Systems Approach for Better Education Results (SABER)
    Series Statement: World Bank E-Library Archive
    Abstract: Evidence on the impacts of many teacher policies remains insufficient and scattered, and the impact of many reforms depends on specific design features. In addition, teacher policies can have very different impacts, depending on the context and other education policies in place. A new tool, systems approach for better education results (SABER) - teachers, aims to help fill the gap by collecting, analyzing, synthesizing, and disseminating comprehensive information on teacher policies in primary- and secondary-education systems around the world. SABER - teachers collects data on 10 core teacher policy areas to offer a comprehensive, descriptive overview of the teacher policies that are in place in each participating education system. To offer informed policy guidance, SABER - teachers analyzes the information collected to assess the extent to which the teacher policies of an education system are aligned with policies shown by research evidence to have a positive effect on student achievement. This report presents results of the application of SABER - teachers in Mozambique. It describes Mozambique's performance for each of the eight teacher policy goals, alongside comparative information from education systems that have consistently scored high results in international student achievement tests and have participated in SABER - teachers
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  • 120
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Series Statement: World Bank E-Library Archive
    Abstract: The global economy is showing signs of recovery, but at an uneven pace; global growth is expected to rise modestly to 2.6 percent in 2014, and an average 3.3 percent in 2015-17. The gradual strengthening of activity in the Euro Area and especially the US will boost demand for exports from developing East Asia and Pacific (EAP), helping the region sustain its growth performance. There are early signs of firming up of economic recovery in Vietnam. GDP growth picked up to a relatively brisk 6.2 percent (y-o-y) in the third quarter of 2014, contributing to an overall growth rate of 5.6 percent for the first nine months of the year. Credit growth continues to come in below target, hampering the State Bank of Vietnam's efforts to carry out credit expansion to support economic growth. The Government has taken some important measures in 2014 to improve business conditions, which are expected to bear fruit from 2015 onward. The Government issued Resolution 19 (March 18, 2014), which prioritizes shortening the time for processing and completion of administrative procedures, reducing administrative costs, and strengthening transparency and accountability of state administrative agencies. The Financial Sector Assessment Program (FSAP) provides a comprehensive framework to identify financial system vulnerabilities and develop appropriate policy responses. Recognizing its importance, in July 2012 the Government of Vietnam invited the World Bank and the IMF to initiate an FSAP for Vietnam. In recent years the Vietnamese economy had shown signs of corporate and financial distress, and slowdown in GDP growth. In response to this, the government announced a comprehensive reform program designed to address the problems faced by the financial and corporate sectors. The FSAP provides a broad set of policy recommendations that can be used to operationalize the SEDP and the banking restructuring program. The recommendations include recapitalization plans, the workout of NPLs, regulatory and other reforms, and the temporary extension of the safety net
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  • 121
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Series Statement: World Bank E-Library Archive
    Abstract: Global growth is projected to pick up to 3.4 percent in 2015 and 3.5 percent in 2016, propelled by highincome countries. Developing country growth will benefit from these tailwinds, with growth projected to increase from 4.8 percent in 2014 to 5.5 percent in 2016 broadly in line with potential. Global growth projections for 2014, however, have been marked down from 3.2 percent to 2.8 percent on account of the bumpy start this year, buffeted by poor weather in the United States, financial market turbulence and the conflict in Ukraine. The outlook for the East Asia and the Pacific region continues to reflect several counterbalancing factors, including domestic policy adjustment, volatile financing conditions, political crisis in Thailand, and sustained recovery in global demand for exports. Regional GDP growth is expected to slow down slightly to 7.0 percent by 2016, about 2 percentage points slower than the pre-crisis boom years but broadly in line with potential. Regional risks include volatility and eventual tightening of global financing conditions, possible setbacks in China s restructuring and a weaker contribution from net exports than assumed in the baseline. Potential escalation of regional political tensions presents additional risk to the outlook
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  • 122
    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: IFC, a member of the World Bank Group, contributes to the World Bank mission of global poverty reduction by creating opportunities for people to improve their lives through private sector solutions. In Pakistan, IFC's strategy has focused on addressing the key challenges that affect private sector development, from investing in the infrastructure sector, including energy, to enhancing access to finance, with a view to improving the conditions for growth and employment generation. As part of its country program, IFC has focused on increasing access to finance for small and medium enterprises (SMEs), which are the backbone of Pakistan's economy as they constitute more than 90 percent of total private enterprises in the formal industrial sectors and employ over 70 percent of the labor force. Often these SMEs struggle to obtain the financing needed to grow and create jobs. For this reason, IFC has partnered with financial institutions to improve service provision to SMEs and stimulate economic development across the country. Since 2007, IFC has been engaged with HBL, Pakistan's largest private sector commercial bank, and provided financing to strengthen the bank's capital following its privatization, as well as advised on how to scale up the bank's SMEs portfolio in a sustainable manner. The objective of this study is to develop an understanding of the relationship between access to finance for small and medium enterprises (SMEs) and job creation. IFC has analyzed a sample of more than 100 SMEs that obtained loans from its client, Habib Bank Ltd (HBL), in 2009 in Pakistan, at a challenging time for the country
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  • 123
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other papers
    Series Statement: World Bank E-Library Archive
    Abstract: This publication lends itself to careful perusal as well as quick reference. An executive summary enumerates the main points, and callouts in the main text summarize the key messages of individual pages. The report provides an in-depth discussion and further detail, and text boxes, figures, and quotes add enriching perspectives. The two appendixes offer: 1) Basel Committee guidance on the governance of bank subsidiaries, and 2) a selection of recommendations from a past International Finance Corporation (IFC) publication on governance of banks in Southeastern Europe. Finally, the list of references consulted during preparation of this publication may be useful for pursuing a deeper understanding of the issues. It is important to note that this publication reflects the views of bankers, regulators, and others on a deeply complex and complicated issue and is not intended to be a comprehensive or even complete evaluation of the issues explored. For more publications on IFC Sustainability please visit www.ifc.org/sustainabilitypublications
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  • 124
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Financial Sector Study
    Series Statement: World Bank E-Library Archive
    Abstract: This study investigates the state of the electronic (e) and mobile (m)-commerce sector in Vietnam and its impact on the development of cashless payments and online financial services. The e- and m-commerce sector in Vietnam is growing organically. Although still immature and small in volume, advances in the region suggest that the sector will continue to expand and that investment is increasing in startups involved in payments, FinTech, third party logistics, and software aiming to support development. Vietnam has one of the fastest growing economies globally and the World Bank estimates that its GDP per capital will double in the next decade. It is one of the most populous countries in South East Asia with a majority of its inhabitants under 30. The rest of this document is structured as follows: Section two provides a short overview of the research conducted with end users and clients of e- and m-commerce firms; Section three describes the company survey methodology and the survey population of e-and m-commerce and support service firms; Section four presents the results from the survey including findings about payment acceptance and usage by e-and m-commerce firms and their clients as well as the business of payments and related services and logistics providers supporting the industry in Vietnam; and Section five provides key conclusions. The Annex to this report contains information about the surveyed companies, questionnaires and a snap shot of the front running firms and investors that are active in this market segment
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  • 125
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Accounting and Auditing Assessment
    Series Statement: World Bank E-Library Archive
    Abstract: This assessment of accounting and auditing practices in Slovenia is part of a joint initiative of the World Bank and International Monetary Fund (IMF) to prepare Reports on the Observance of Standards and Codes (ROSC). The assessment focuses on the strengths and weaknesses of the accounting and auditing environment that influence the quality of corporate financial reporting and includes a review of both mandatory requirements and actual practice. This is the second A&A ROSC for Slovenia and based on information collected in 2013, early 2014. The first one was published in 2004. As the requirements of the EU acquis communautaire and international standards have already been adopted in the financial sector this assessment focuses on the proper application of these requirements, with the view that improved financial information raises the capacity of regulators to maintain financial stability, and improve the level of trust in the financial system, in the context of an ongoing recapitalization exercise. In the State Owned Enterprises, or SOEs, the report focuses on the requirements applicable to them and how well these are enforced, as well as to what extent the government uses the financial reporting and audit process to monitor SOEs and hold their management teams accountable. This report also considers SMEs financial reporting, including how current requirements compare with the latest revisions to the EU Accounting Directive, which further simplified requirements for smaller companies. Finally, audit oversight and quality assurance systems are assessed, including the feasibility of incorporating the audit oversight body as part of the financial sector supervisor
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  • 126
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (68 p)
    Series Statement: South Asia Economic Focus
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als
    Abstract: Global recovery remains below expectations and uneven across major advanced economies. Monetary tightening in a recovering US economy and potential deflation in a weak Eurozone constitute sources of risk for developing and emerging market economies. Nonetheless, developing country growth remains fairly robust. Notably, India continues its path towards sustained and faster growth as well as macroeconomic stability thereby paving the way for a solid regional performance in South Asia. While the region’s external position has been further solidified, key domestic challenges include reducing risks on the fiscal side as well as sustaining investment and export growth through structural reform and prudent macroeconomic policy. The overall short and medium term outlook for South Asia points towards continued acceleration with potential downside risks concentrated on the fiscal and structural reform side. Future growth dynamics will increasingly depend on strong investment and export performance. While a challenging task, it may afford South Asia to significantly catch up with the fastest growing region - East Asia and Pacific. This edition’s special focus section takes a macroeconomic look at exports and their potential for becoming a permanent growth pillar in South Asia
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  • 127
    Language: English
    Pages: 1 Online-Ressource (20 p)
    Series Statement: Middle East and North Africa Quarterly Economic Brief
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als
    Abstract: Ongoing regional tensions, together with a challenging (albeit slightly improving) external environment, have hit the economies of the Middle East and North Africa (MENA) region hard. Economic growth is slowing, fiscal buffers are depleting, unemployment is rising, and inflation is mounting in seven of the region’s most vulnerable economies-- Egypt, Tunisia, Iran, Lebanon, Jordan, Yemen and Libya. Short-term policy actions such as increasing public sector wages and subsidies—aimed at reducing social tensions--exacerbate the situation, which is driven by long-standing structural weaknesses, including labor market rigidities, complicated and opaque regulations, infrastructure deficiencies, regressive and inefficient subsidies, and inadequate social safety nets. While these countries face an unstable political and macroeconomic environment, the growth slowdown after the Arab Spring creates a unique opportunity to address these structural problems to both create fiscal space and restructure the economy towards job creation and inclusive growth
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  • 128
    Language: English
    Pages: 1 Online-Ressource (102 p)
    Series Statement: Middle East and North Africa Data Book
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als
    Abstract: The MENA Little Data Book is a product of the Chief Economist Office for the Middle East and North Africa (MENA) Region of the World Bank. The Little Data Book is based on World Development Indicators (WDI) and other sources as noted in the tables. This Book includes indicators covering macroeconomic, social and external sector for MENA and other comparator regions
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  • 129
    Language: English
    Pages: 1 Online-Ressource (186 p)
    Series Statement: World Bank East Asia and Pacific Economic Update
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als
    Abstract: In China, growth will gradually moderate, reflecting intensified policy efforts to address financial vulnerabilities and structural constraints, and place the economy on a more sustainable growth path. In the rest of the region, growth will pick up, as exports firm in line with strengthening global activity, and the impact of domestic adjustment in large ASEAN countries eases. Significant uncertainties remain about the sustainability of the global recovery, and global financial conditions are likely to tighten. The short-term priority in several countries is to address the vulnerabilities and inefficiencies created by an extended period of loose financial conditions and fiscal stimulus. In China, the authorities need to strike a balance between containing growing risks from rising leverage and meeting the indicative growth targets. Over the longer term, the focus in most countries must be on structural reforms to enhance export competitiveness. The report’s special section focuses on education & skills development; international migration; and the policy priorities for the Pacific Island Countries
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  • 130
    Language: Spanish
    Pages: 1 Online-Ressource (p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als
    Abstract: Transformando las ciudades con el transporte publico presenta la vision mas actualizada sobre cuando, como y por que las ciudades pueden crecer alrededor de nuevos sistemas masivos de transporte publico. Resalta la integracion entre el uso del suelo y el transporte publico como una de las iniciativas estrategicas mas importantes disponibles para el desarrollo de un futuro urbano mas sostenible. Para lograr una integracion efectiva es necesario tener una vision estrategica, contundente y progresista de la futura ciudad, un marco institucional propicio y unos modelos financieros sostenibles. Las ciudades necesitan prever su futuro a largo plazo, al elaborar visiones que posteriormente se articulan en planes espaciales e iniciativas especificas para el uso de la tierra. Un marco espacial debe guiar las inversiones en el transporte publico y en otros elementos de la infraestructura. El libro brinda lecciones y recomendaciones vitales que se basan en cuidadosos analisis de caso. Expone exhaustivamente tanto los exitos como los desafios relacionados con el desarrollo urbano que el transporte publico fomenta, y lo hace por medio de profundos y detallados estudios de caso en cuanto al diseno y manejo del uso del suelo, tanto en ciudades desarrolladas como en aquellas en vias de desarrollo
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  • 131
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: Spanish
    Pages: 1 Online-Ressource (48 p)
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als
    Abstract: En 2012, la region de America Latina y el Caribe (LAC) continuo su exitosa campana de reduccion de la pobreza y de aumento de la clase media. La reduccion de la pobreza estuvo acompanada de un fuerte crecimiento del ingreso entre el 40% mas pobre de la poblacion, siendo este el indicador de Prosperidad Compartida del Banco Mundial. Sin embargo, la reciente desaceleracion de la actividad economica y el estancamiento de la reduccion de la desigualdad sugieren que las ganancias sociales pueden enfrentar importantes desafios en el futuro. Dadas las futuras expectativas modestas, la estrategia para la reduccion de la pobreza en la region debe enfocarse en la implementacion de politicas que restablezcan el crecimiento y mantengan la estabilidad macroeconomica, al mismo tiempo que fortalezcan la participacion y contribucion al crecimiento por parte de los grupos mas desfavorecidos. En este informe se evalua el progreso en dos areas de politica publica relevantes: (1) la politica fiscal equitativa y (2) los avances en la creacion de igualdad de condiciones de manera que todos los ninos de America Latina y el Caribe tengan el mismo acceso a bienes y servicios basicos necesarios para que puedan disfrutar la vida que elijan. Haciendo uso de los resultados del proyecto Compromiso con la Equidad, el reporte muestra que la politica fiscal es todavia un mecanismo muy poco explotado en terminos de nivel e incidencia de los impuestos y gastos. El a?ndice de Oportunidades Humanas muestra que las oportunidades se estan expandiendo para los ninos en la region, si bien siguen existiendo importantes diferencias en acceso y calidad
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  • 132
    ISBN: 9781464802850
    Language: Spanish
    Pages: 1 Online-Ressource (178 p)
    Series Statement: Latin American Development Forum
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als
    Abstract: El emprendimiento es un determinante fundamental del crecimiento y la creacion de empleo. Pese a que los emprendedores abundan en America Latina y el Caribe, las empresas de la region son mas pequenas y menos propensas a crecer e innovar que las de otras regiones. El crecimiento de la productividad lleva decadas siendo mediocre y el reciente period de auge de las materias primas no ha supuesto una excepcion. Asi pues, la presencia de emprendedores dinamicos sera necesaria para impulsar la creacion de puestos de trabajo de calidad y la aceleracion del crecimiento de la productividad en la region. En El emprendimiento en America Latina: muchas empresas y poca innovacion se estudia el panorama del emprendimiento en America Latina y el Caribe. El libro recurre a nuevas bases de datos que abordan cuestiones como la creacion de empresas, las dinamicas empresariales, las decisiones de exportar y el comportamiento de las corporaciones multinacionales y sintetiza los resultados de un analisis exhaustivo del estatus, las perspectivas y los retos del emprendimiento en la region. Asimismo, el libro suministra herramientas utiles e informacion para ayudar a los profesionales y responsables de las politicas a identificar los ambitos de las mismas que los gobiernos pueden explorar para impulsar la innovacion e incentivar el emprendimiento transformador con potencial de crecimiento elevado
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  • 133
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: French
    Pages: 1 Online-Ressource (60 p)
    Series Statement: World Bank Annual Report
    Series Statement: World Bank E-Library Archive
    Parallel Title: Erscheint auch als
    Abstract: Le Groupe de la Banque mondiale s'est fixe des objectifs ambitieux mais realisables sur lesquels asseoir le travail qu'il entreprend pour relever ces defis historiques. Plus precisement, l'institution fera son possible pour mettre fin a l'extreme pauvrete a l'echelle mondiale d'ici 2030 et promouvoir une prosperite partagee dans les pays en developpement, ce qui supposera favoriser la croissance des revenus pour les 40 % les plus pauvres de la population. L'institution cherchera a atteindre ces objectifs de facon viable sur le plan environnemental, social et economique afin de s'assurer que les acquis du developpement ne compromettent pas le bien-etre des generations actuelles et futures. Le present Rapport annuel couvre les activites de la Banque internationale pour la reconstruction et le developpement (BIRD) et de l'Association international de developpement (IDA) qui, reunies, prennent le nom de Banque mondiale. Nous vous exhortons a le lire pour en apprendre davantage sur le travail accompli par la Banque mondiale - les activites et les realisations qu'elle aide a promouvoir dans les six regions geographiques ou elle mene ses operations, ainsi que les resultats du travail consistant a aider a vaincre la pauvrete et creer des opportunites pour les populations des pays en developpement. The Annual Report is prepared by the Executive Directors of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA)-collectively known as the World Bank-in accordance with the by-laws of the two institutions. The President of the IBRD and IDA and the Chairman of the Board of Executive Directors submits the Report, together with the accompanying administrative budgets and audited financial statements, to the Board of Governors
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  • 134
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Independent Evaluation Group Studies
    Abstract: IEG's Country Program Evaluation (CPE) covers the period FY05-13. The period spans three World Bank Group country strategies and one progress report. It also covers the last years of the Ben Ali regime and the transition to a new political dispensation following the revolution of January 2011. The CPE aims to reflect on past performance to inform the preparation of a new Bank Group strategy for Tunisia. The following recommendations are proposed to strengthen ongoing Bank Group efforts to improve performance in support of reform in Tunisia: (i) Conduct political economy analysis to better manage risk in a volatile environment. (ii) Galvanize public support for reform. (iii) Selectively and carefully sequence first-order policy reforms (based on the political economy analysis) in designing Bank Group strategy, taking into account capacity and other constraints inherent in the transition period. (iv) Build government ownership and capacity on how to roll out the reform agenda
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  • 135
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 9781464801075 , 9781464801082
    Language: English
    Pages: Online-Ressource
    Edition: 2014 World Bank eLibrary
    Series Statement: Africa development forum series
    DDC: 311.340967
    Keywords: Junge Arbeitskräfte ; Erwerbstätigkeit ; Arbeitsmarkt ; Subsahara-Afrika ; Youth Employment ; Youth Employment ; Youth
    Description / Table of Contents: chapter 1.Opportunities and challenges for youth employment in Africafocus note 1.Jobs: more than just incomechapter 2.Youth--a time of transitionschapter 3.Skills for productive employmentchapter 4.Agriculture as a sector of opportunity for youth in Africafocus note 2.Safety nets and pathways to productive employmentchapter 5.Creating productive employment for youth in the household enterprise sectorfocus note 3.Financial inclusion and the transition to sustainable livelihoods for young peoplechapter 6.Raising productivity in Africa's modern wage enterprises to foster job growth for youthfocus note 4.Youth unemployment is configured differently, and requires different approaches, in South Africachapter 7.Conclusion.
    Note: "The series is sponsored by the Agence Française de Développement and the World Bank , Includes bibliographical references and index
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  • 136
    Online Resource
    Online Resource
    Washington, DC : World Bank Group | Washington, D.C : The World Bank
    ISBN: 9781464804229
    Language: English
    Pages: Online-Ressource (106 p)
    Edition: World Bank eLibrary
    RVK:
    Keywords: Westafrika ; Ebola-Virus ; Auswirkung ; Wirtschaft
    Abstract: Beyond its terrible toll in human lives and suffering, the Ebola epidemic has inflicted a measurable economic impact on West Africa in terms of forgone output, higher fiscal deficits, rising prices, lower real household incomes, and greater poverty. This impact results partly from the health-care costs and forgone productivity associated with being infected, but it is driven principally by the efforts of the uninfected population to avoid exposure ('aversion behavior'). The Economic Impact of the 2014 Ebola Epidemic: Short- and Medium-Term Estimates for West Africa provides a mixed methods analysis of the economic impact, combining theory on the channels of economic impact of the epidemic, economic indicators across sectors in the affected countries, and models of how these economies interact with each other and with the broader world. The result is a quantification of the potential overall magnitude of the economic impact for Guinea, Liberia, and Sierra Leone, as well as for West Africa as a whole. Ebola's short-term economic impact (2014) in the three core countries is on the order of US
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  • 137
    ISBN: 9781464801525
    Language: English
    Pages: Online-Ressource (372 p)
    Edition: 2014 World Bank eLibrary
    Series Statement: Latin American Development Forum
    Abstract: The seven million teachers of Latin America and the Caribbean (LAC) are the critical actors in the region's efforts to improve education quality and raise student learning levels, which lag far behind those of OECD countries and East Asian countries such as China. This book documents the high economic stakes around teacher quality, benchmarks the current performance of LAC's teachers, and delineates the key issues. These include low standards for entry into teacher training, poor quality training programs that are detached from the realities of the classroom, unattractive career incentives, and weak support for teachers once they are on the job. New research conducted for this report in close to 15,000 classrooms in seven different LAC countries - the largest cross-country study of this kind to date - provides a first-ever insight into how the region's teachers perform inside the classroom. It documents that the average teacher in LAC loses the equivalent of one day of instructional time per week because of inadequate preparation, excessive time on administration (taking attendance, passing out papers) and a surprisingly high share of time physically absent from the classrooms where they should be teaching. Teachers also make limited use of available learning materials, espcially those using information and communications technology (ICT), and are unable to keep the majority of their students engaged. The book sets out the three priority lines of reform needed to produce great teachers in LAC: policies to recruit better teachers; programs to groom teachers and improve their skills once they are in service; and stronger incentives to motivate teachers to perform their best throughout their career. In every area, the book distills the latest evidence from inside and outside the region to provide practical guidance to policymakers in the design of effective programs and sustainable reforms. A final chapter analyzes the politics of recent major teacher reforms in Chile, Peru, Ecuador and Mexico, chronicling the prominent role of teachers' unions and the political and communications strategies that have underpinned successful reforms
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  • 138
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (49 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Nose, Manabu Triggers of Contract Breach
    Abstract: This paper constructs a large contract-level data set to examine factors that trigger breach of foreign investment contracts. Similar to the case of outright expropriation, political regime type is an important determinant of breach of contract. Furthermore, although investors' bargaining power becomes obsolete as contracts mature, contracts can be designed to mitigate the risk of breach of contract by involving multilateral organizations and creating buffers to absorb commodity price shocks. The paper examines the type of countries prone to contract breaches. After controlling for regional and sector fixed effects, less-democratic and resource-dependent governments are more likely to breach contracts, especially after large global shocks, notably natural disasters
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  • 139
    Language: English
    Pages: Online-Ressource (16 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Yamauchi, Futoshi School Resource and Performance Inequality
    Abstract: This paper examines inequality patterns of school and teacher resources as well as student performance in the Philippines. School and teacher resources, measured by pupil classroom and teacher ratios and per-pupil teacher salary, became more unequal over time. Strikingly, a large portion of the variation is attributed to their within-division distributions, especially the non-city areas in each province (rural schools), where pupil classroom and teacher ratios have significantly positive returns in terms of student test scores. Concavity built into the education production function implies that reallocation of teachers and classrooms within a division can potentially increase average test scores. The estimates also imply that it is optimal to deploy young, inexperienced teachers to rural schools and reassign them to urban schools when the teachers are more experienced
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  • 140
    Language: English
    Pages: Online-Ressource (43 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Maimbo, Samuel Munzele Financial Sector Policy in Practice
    Abstract: Policy makers use financial sector strategies to formulate a holistic policy for their national financial sectors. This paper examines and rates financial sector strategies around the world based on how well they formulate development targets, arrangements for systemic risk management, and implementation plans. The strategies are also rated on whether they consider policy trade-offs between financial development and systemic risk management. The rated strategies are then benchmarked against a wide range of country characteristics. The analysis finds that the scope and quality of national strategies for the financial sector are influenced by the country's type of legal system, its level of income and macroeconomic stability, the existing financial depth and inclusion, the share of foreign ownership in the national financial sector, and the experience of past financial crises. Giving due consideration to policy trade-offs, particularly between financial development and systemic risk management, remains the weakest part of these strategies. Countries with civil- and religious-based law and those with a higher share of foreign ownership in their financial system address the policy trade-offs more often
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  • 141
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (26 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Raggl, Anna K Economic Growth in Ghana
    Abstract: This paper employs a simple cross-country panel framework to assess the determinants of growth in Ghana's gross domestic product over the past four decades. A set of standard covariates is used to explain growth rates. Natural resource variables are included because the effects of natural resource rents in gross domestic products are of particular interest for Ghana. Using the preferred specification, Ghana's growth potential is predicted for the upcoming decades under different scenarios. The results indicate that under the most pessimistic scenario of no improvements in the determinants of growth compared with the period 2005-09, Ghana's gross domestic product per capita growth rates will stagnate at approximately 4.5 percent during the next decade and decrease thereafter. If the policy measures and country characteristics improve in the way they did in the past three decades, average per capita growth rates of roughly 5.5 percent could be reached during 2015-34. Taking into account the expected oil production until 2034 adds 0.6 percentage points to projected gross domestic product growth rates on average
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  • 142
    Language: English
    Pages: Online-Ressource (37 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Adams-Kane, Jonathon Institutional Quality Mediates the Effect of Human Capital on Economic Performance
    Keywords: Institutionelle Infrastruktur ; Humankapital ; Bildungsertrag ; Einkommen ; Panel ; Momentenmethode
    Abstract: This paper considers the relationship between institutional quality, educational outcomes, and economic performance. More specifically, it seeks to establish the linkages by which government effectiveness affects per capita income, via its mediating effect on human capital formation. The empirical approach adopts a two-stage strategy that estimates national-level educational production functions that include government effectiveness as a covariate, and then uses these estimates as instruments for human capital in cross-country regressions of per capita income. The results identify a significant and positive effect of human capital on per capita income levels, and partially resolves the inconsistency between macro- and micro-level studies of the effect of human capital on income. The results also remain robust to alternative specifications, extension to a panel setting, subsamples of the data, and fully endogenous institutions
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  • 143
    Language: English
    Pages: Online-Ressource (69 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Halliday, Katherine E Impact of Intermittent Screening and Treatment for Malaria among School Children in Kenya
    Abstract: This paper investigates the effects of intermittent screening and treatment of malaria on the health and education of school children in an area of low-to-moderate malaria transmission. A cluster randomized trial was implemented with 5,233 children in 101 government primary schools on the south coast of Kenya in 2010-12. The intervention was delivered to children randomly selected from classes 1 and 5 who were followed up twice across 24 months. Once during each school term, public health workers used malaria rapid diagnostic tests to screen the children. Children who tested positive were treated with a six-dose regimen of artemether-lumefantrine. Given the nature of the intervention, the trial was not blinded. The primary outcomes were anemia and sustained attention and the secondary outcomes were malaria parasitaemia and educational achievement. The data were analyzed on an intention-to-treat basis. Anemia in this setting in Kenya, intermittent screening and treatment, as implemented in this study, is not effective in improving the health or education of school children. Possible reasons for the absence of an impact are the marked geographical heterogeneity in transmission, the rapid rate of reinfection following artemether-lumefantrine treatment, the variable reliability of malaria rapid diagnostic tests, and the relative contribution of malaria to the etiology of anemia in this setting
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  • 144
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (33 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Hillberry, Russell Import Dynamics and Demands for Protection
    Abstract: What kinds of changes in foreign competition lead domestic industries to seek import protection? To address this question this paper uses detailed monthly U.S. import data to investigate changes in import composition during a 24-month window immediately preceding the filing of a petition for protection. A decomposition methodology allows a comparison of imports from two groups of countries supplying the same product: those that are named in the petition and those that are not. The same decomposition can be applied to products quite similar to the imports in question, but not subject to a petition. The results suggest that industries typically seek protection when faced with a specific pattern of shocks. First, a persistent positive relative supply shock favors imports from named countries. Second, a negative demand shock hits imports from all sources just prior to domestic industries' petition for protection. The relative supply shock is a broad one; it applies both to named commodities and to the comparison product group. The import demand shock, by contrast, is narrow, hitting only named products. The latter shock is also large: import growth over the two-year window is 15 percentage points lower in named products than in reference products, with most of this gap arising in the final two quarters before the petition. The negative import demand shock appears to be a key event in the run-up to the filing of a petition. It has been missed by previous studies using more aggregated data
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  • 145
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (36 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Pratt, Richard Governance of Securities Regulators
    Abstract: This paper reviews the published work on the governance of regulatory authorities in order to identify the basic governance standards that apply and some of the factors that affect the implementation of good governance. There are four pillars of good regulatory governance: independence, accountability, transparency, and integrity. The regulator should be operationally independent from commercial and political influences in the exercise of its functions and powers. Accountability is the means whereby a regulatory authority is held responsible for the actions it takes. Transparency refers to the publication of relevant information designed to demonstrate consistency and openness. The fourth governance pillar, integrity, refers to the internal processes that the authority adopts to ensure there is discipline and consistency in its operations and to limit the risks of regulatory staff acting in their own self-interest as opposed to that of the authority and the market. These four elements are mutually reinforcing, in that accountability is necessary to provide legitimacy to independence, transparency is necessary to demonstrate that independence does not lead to abuse or improper behavior, and integrity is necessary to provide the discipline to control the exercise of independent powers. Available evidence suggests that independence and accountability are far from being universally applied in practice. The paper concludes with some practical suggestions that experience indicates are likely to enhance the effectiveness of the governance of securities regulators. Good governance of the securities regulator is necessary for effective regulation. It is also of importance in setting an example to encourage good corporate governance in the private sector
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  • 146
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (34 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Wietzke, Frank-Borge Pathways from Jobs to Social Cohesion
    Abstract: There is growing recognition that access to good jobs is an important driver of social cohesion. While economic dimensions of labor market outcomes are relatively well documented, evidence on the link between social cohesion and jobs is still surprisingly scarce. This paper, based on an earlier background report for the WDR 2013, presents empirical evidence for pathways between labor market outcomes and social cohesion. The findings indicate that formal employment is associated with a range of social outcomes and behaviors that are typically associated with higher levels of social cohesion. However, there are also indications that this relationship varies across dimensions of social wellbeing. In particular social interactions and political activism among those in regular employment can either improve the quality of aggregate institutions or deepen existing social divides
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  • 147
    Language: English
    Pages: Online-Ressource (44 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Dasgupta, Susmita River Salinity and Climate Change
    Abstract: In a changing climate, saltwater intrusion is expected to worsen in low-lying coastal areas around the world. Understanding the physical and economic effects of salinity ingress, and planning adaptation, are key to the long-term development of countries for which sea level rise has been identified as a major risk from climate change. This paper presents a study conducted in Bangladesh, which quantifies the prospective relationship between climate-induced changes in sea level, temperature, rainfall, and altered riverine flows from the Himalayas, and the spread and intensity of salinization on river water in the coastal zone for 2050. The research takes into account the projected land subsidence of the Ganges Delta, as well as alternative scenarios of upstream withdrawal of freshwater. The findings indicate that climate change will cause significant changes in river salinity in the southwest coastal area of Bangladesh by 2050. These changes are likely to lead to significant shortages of drinking water in the coastal urban areas, scarcity of water for irrigation for dry-season agriculture, and significant changes in the coastal aquatic ecosystems. Changes in the availability of freshwater fish will likely affect the composition of capture fishery, although the increase in brackish water will enhance opportunities for brackish water aquaculture. Assessment of location-specific economic impacts of the changes in river salinity, identification of suitable adaptation alternatives, and costing of adaptation are high priorities for further analysis
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  • 148
    Language: English
    Pages: Online-Ressource (56 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Baird, Sarah Designing Experiments to Measure Spillover Effects
    Keywords: Öffentliche Sozialleistungen ; Wirkungsanalyse ; Experiment ; Malawi
    Abstract: This paper formalizes the design of experiments intended specifically to study spillover effects. By first randomizing the intensity of treatment within clusters and then randomly assigning individual treatment conditional on this cluster-level intensity, a novel set of treatment effects can be identified. The paper develops a formal framework for consistent estimation of these effects, provides explicit expressions for power calculations, and shows that the power to detect average treatment effects declines precisely with the quantity that identifies the novel treatment effects. A demonstration of the technique is provided using a cash transfer program in Malawi
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  • 149
    Language: English
    Pages: Online-Ressource (58 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Fortmann, Lea Incentive Contracts for Environmental Services and Their Potential in REDD
    Abstract: Implementation arrangements for Reducing Greenhouse Gas Emissions from Deforestation and Forest Degradation can be seen as contracts that could address some of the inherent problems with forest carbon credits that often lead to high transaction costs-measuring, monitoring, and verification. Self-enforcing contracts, where it is in the best interest of the environmental service providers to comply with the contracts, may be one way to reduce these costs if providers have incentives to uphold their end of the contract. While the literature on Reducing Greenhouse Gas Emissions from Deforestation and Forest Degradation is extensive, there is little information available to guide policy makers or investors on what form such contracts should take. After providing an overview of the current status of Reducing Greenhouse Gas Emissions from Deforestation and Forest Degradation and its role as a tool for reducing carbon emissions on an international scale, the paper describes key issues regarding implementation and reviews the literature on contracts from the related area of Payments for Ecosystem Services programs, which face similar challenges. The remainder of the paper reviews various contractual mechanisms from agricultural and forestry related projects that have been proposed or are being used in practice and discusses the various implications associated with their design and implementation
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  • 150
    Language: English
    Pages: Online-Ressource (48 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Adoho, Franck The Impact of an Adolescent Girls Employment Program
    Abstract: This paper presents findings from the impact evaluation of the Economic Empowerment of Adolescent Girls and Young Women (EPAG) project in Liberia. The EPAG project was launched by the Liberian Ministry of Gender and Development in 2009 with the goal of increasing the employment and income of 2,500 young Liberian women by providing livelihood and life skills training and facilitating their transition to productive work. The analysis in this paper is based on data collected during two rounds of quantitative surveys in 2010 and 2011, the second of which was conducted six months after the classroom-based phase of the training program ended. Strong impacts are found on the employment and earnings outcomes of program participants, relative to a control group of non-participants. The EPAG program increased employment by 47 percent and earnings by 80 percent. In addition, the impact evaluation documents positive effects on a variety of empowerment measures, including access to money, self-confidence, and anxiety about circumstances and the future. The evaluation finds no net impact on fertility or sexual behavior. At the household level, there is evidence of improved food security and shifting attitudes toward gender norms. These results reinforce the highly positive feedback received from focus group discussions with program participants. Finally, preliminary cost-benefit analysis indicates that the budgetary cost of the EPAG business development training for young women is equivalent to the value of three years of the increase in income among program beneficiaries. These preliminary results provide strong evidence for further investment and research into young women's livelihood programs in Liberia
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  • 151
    Language: English
    Pages: Online-Ressource (35 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Longmore, Rohan Toward Economic Diversification in Trinidad and Tobago
    Abstract: This paper contributes to the predominant diversification debate that has been ongoing in Trinidad and Tobago for more than three decades. The paper makes a determination of the key impediments to the country's attempts at diversification. Econometric techniques are applied on panel data to identify the most significant obstacles to economic diversification for a set of 183 countries. The results indicate that openness to foreign direct investment inflows is the most fundamental driver of diversification. The findings are then applied to the specific case of Trinidad and Tobago through a detailed analysis of the links in the trends followed by foreign direct investment and diversification between 1980 and 2011. Greater openness to foreign direct investment and improving the business climate appear to be key policies the twin-island republic could implement further in order to expand the range of activities of its economic structure
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  • 152
    Language: English
    Pages: Online-Ressource (41 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Osborne, Theresa What Drives the High Price of Road Freight Transport in Central America?
    Abstract: In Central America, like many other developing regions, high transport costs are cited as an impediment to trade and economic growth. Prices for road freight transport-a key mode of transport comprising a significant share of total transport costs for intra- and extra-regional trade, are particularly high. Averaging 17 cents per ton-kilometer on main trading routes, these rates stand out even relative to other inefficient developing country markets (e.g., central and west Africa). However, the policy and other factors associated with increased prices have not been well understood. This paper uses data from a survey of trucking companies operating on the region's main trade corridors to analyze the determinants of firms' costs of providing service, as well as the effect of market structure and competition on prices. The analysis finds that whereas improved cost efficiencies could reduce prices by 3 cents per ton-kilometer, increased competition on national routes-those entirely within a nation's borders-would reduce prices by significantly more. Although there are many trucking companies, including small and somewhat informal operators, the degree of competition varies by route because of domestic restraints on competition and the prohibition on international competition on national routes. The paper shows empirically that imperfect competition accounts for at least 35 percent of mean prices on national routes. In addition, a lack of competition is likely to explain the persistence of an inefficient market structure, as well as a lack of innovation to reduce costs and enhance the quality of service
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  • 153
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (33 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Newhouse, David Cohort Size and Youth Employment Outcomes
    Abstract: This paper utilizes a cross-country panel of 83 developing countries to examine how changes in cohort size are correlated with subsequent employment outcomes for workers at different ages. The results depend on countries' level of development. In low-income countries, young adults that are born into smaller cohorts are less likely to work, but school attendance remains unchanged. In middle-income countries, young adults in smaller cohorts are less likely to be unemployed and more likely to work outside of agriculture. Neither pattern can be discerned among older adults, although the estimates are imprecise. In sum, reductions in cohort size are associated with moderate improvements in employment outcomes for youth in middle-income countries, but there is scant evidence that these improvements persist into adulthood
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  • 154
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (46 Seiten)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Hallegatte, Stephane Economic Resilience
    Abstract: The welfare impact of a disaster does not only depend on the physical characteristics of the event or its direct impacts in terms of lost lives and assets. Welfare impacts also depend on the ability of the economy to cope, recover, and reconstruct and therefore to minimize aggregate consumption losses. This ability can be referred to as the macroeconomic resilience to natural disasters. Macroeconomic resilience has two components: instantaneous resilience, which is the ability to limit the magnitude of immediate production losses for a given amount of asset losses, and dynamic resilience, which is the ability to reconstruct and recover. Welfare impacts also depend on micro-economic resilience, which depends on the distribution of losses; on households' vulnerability, such as their pre-disaster income and ability to smooth shocks over time with savings, borrowing, and insurance, and on the social protection system, or the mechanisms for sharing risks across the population. The (economic) welfare disaster risk in a country can be reduced by reducing the exposure or vulnerability of people and assets (reducing asset losses), increasing macroeconomic resilience (reducing aggregate consumption losses for a given level of asset losses), or increasing microeconomic resilience (reducing welfare losses for a given level of aggregate consumption losses). The paper proposes rules of thumb to estimate macroeconomic and microeconomic resilience based on the relevant parameters in the economy. It also provides a toolbox of policies to increase macro- or micro-economic resilience and a list of indicators that can be used to build a resilience indicator
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  • 155
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (51 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Clemens, Michael A Why Don't Remittances Appear to Affect Growth?
    Abstract: Although measured remittances by migrant workers have soared in recent years, macroeconomic studies have difficulty detecting their effect on economic growth. This paper reviews existing explanations for this puzzle and proposes three new ones. First, it offers evidence that a large majority of the recent rise in measured remittances may be illusory-arising from changes in measurement, not changes in real financial flows. Second, it shows that even if these increases were correctly measured, cross-country regressions would have too little power to detect their effects on growth. Third, it points out that the greatest driver of rising remittances is rising migration, which has an opportunity cost to economic product at the origin. Net of that cost, there is little reason to expect large growth effects of remittances in the origin economy. Migration and remittances clearly have first-order effects on poverty at the origin, on the welfare of migrants and their families, and on global gross domestic product; but detecting their effects on growth of the origin economy is likely to remain elusive
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  • 156
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (11 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Basu, Kaushik Too Small to Regulate
    Abstract: The paper argues that to achieve compliance of firms with regulations such as product quality or environmental or health standards it is better to have industries with a few large corporations than numerous small firms. A model is constructed to show that limited liability constraints bind more easily in competitive industries, making it harder to impose sufficiently severe penalties and costlier to send sufficient monitors. Having large corporations allows the government effectively to delegate some of its monitoring functions to the managers of the corporation. The tradeoff between this issue and the usual argument in favor of competition is considered
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  • 157
    Language: English
    Pages: Online-Ressource (59 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Oseni, Gbemisola Explaining Gender Differentials in Agricultural Production in Nigeria
    Abstract: This paper uses data from the General Household Survey Panel 2010/11 to analyze differences in agricultural productivity across male and female plot managers in Nigeria. The analysis utilizes the Oaxaca-Blinder decomposition method, which allows for decomposing the unconditional gender gap into (i) the portion caused by observable differences in the factors of production (endowment effect) and (ii) the unexplained portion caused by differences in returns to the same observed factors of production (structural effect). The analysis is conducted separately for the North and South regions, excluding the west of the country. The findings show that in the North, women produce 28 percent less than men after controlling for observed factors of production, while there are no significant gender differences in the South. In the decomposition results, the structural effect in the North is larger than the endowment at the mean. Although women in the North have access to less productive resources than men, the results indicate that even if given the same level of inputs, significant differences still emerge. However for the South, the decomposition results show that the endowment effect is more important than the structural effect. Access to resources explains most of the gender gap in the South and if women are given the same level of inputs as men, the gap will be minimal. The difference in the results for the North and South suggests that policy should vary by region
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  • 158
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (42 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Martins, Pedro Structural Change in Ethiopia
    Abstract: This paper investigates whether the Ethiopian economy is undergoing a virtuous process of structural change. In particular, it assesses the relative contributions of within-sector and between-sector productivity to output per capita growth. Based on data disaggregated into eight sectors for the period 1996-2011, the analysis suggests that the structure of output has changed considerably-predominantly from agriculture to services-but changes in the composition of employment have lagged behind. Labor productivity growth has been strong across most sectors, albeit mainly driven by within-sector productivity improvements. Nonetheless, the pace of structural change is accelerating and its relative contribution to output growth is increasing
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  • 159
    Language: English
    Pages: Online-Ressource (30 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Gibson, John Development through Seasonal Worker Programs
    Abstract: Seasonal worker programs are increasingly seen as offering the potential to be part of international development policy. New Zealand's Recognised Seasonal Employer program is one of the first and most prominent of programs designed with this perspective. This paper provides a detailed examination of this policy through the first six seasons. This includes the important role of policy facilitation measures taken by governments and aid agencies. The evolution of the program in terms of worker numbers is discussed, along with new data on the (high) degree of circularity in worker movements, and new data on (very low) worker overstay rates. There appears to have been little displacement of New Zealand workers, and new data show Recognised Seasonal Employer workers to be more productive than local labor and that workers appear to gain productivity as they return for subsequent seasons. The program has also benefitted the migrants participating in the program, with increases in per capita incomes, expenditure, savings, and subjective well-being. Taken together, this evidence suggests that the program is largely living up to its promise of a "triple win" for migrants, their sending countries in the Pacific, and New Zealand
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  • 160
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (19 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Ceriani, Lidia Individual Diversity and the Gini Decomposition
    Abstract: The paper defines the Gini index as the sum of individual contributions where individual contributions are interpreted as the degree of diversity of each individual from all other members of society. Among various possible forms of individual contributions to the Gini found in the literature, the paper shows that only one form satisfies a set of desirable properties. This form can be used for decomposing the Gini into population subgroups. An empirical illustration shows the use of this approach
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  • 161
    Language: English
    Pages: Online-Ressource (38 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Agénor, Pierre-Richard Access to Finance, Product Innovation and Middle-Income Traps
    Abstract: This paper studies interactions between access to finance, product innovation, and labor supply in a two-period overlapping generations model with an endogenous skill distribution and credit market frictions. In the model lack of access to finance (induced by high monitoring costs) has an adverse effect on innovation activity not only directly but also indirectly, because too few individuals may choose to invest in skills. If monitoring costs fall with the number of successful projects, multiple equilibria may emerge, one of which, a middle-income trap, characterized by low wages in the design sector, a low share of the labor force engaged in innovation activity, and low growth. A sufficiently ambitious policy aimed at alleviating constraints on access to finance by innovators may allow a country to move away from such a trap by promoting the production of ideas and improving incentives to invest in skills
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  • 162
    Language: English
    Pages: Online-Ressource (54 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Aguilar, Arturo Decomposition of Gender Differentials in Agricultural Productivity in Ethiopia
    Abstract: This paper employs decomposition methods to analyze differences in agricultural productivity between male and female land managers in Ethiopia. It employs data from the 2011-2012 Ethiopian Rural Socioeconomic Survey. An overall 23.4 percent gender differential in agricultural productivity is estimated at the mean in favor of male land managers, of which 10.1 percentage points are explained by differences in land manager characteristics, land attributes, and unequal access to resources (the endowment effect). The remaining 13.4 percentage points are explained by unequal returns to productive components, but cannot be easily tied to specific covariates. These results are mainly driven by non-married female managers (mainly single and divorced). Married female managers do not display such disadvantages. Further analysis along the productivity distribution reveals that gender differentials are more pronounced at mid-levels of productivity and that the share of the gender gap explained by the endowment effect declines as productivity increases. Detailed decomposition of estimates at selected points of the agricultural productivity distribution provides valuable information for policy intervention purposes
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  • 163
    Language: English
    Pages: Online-Ressource (46 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Ali, Daniel Ayalew Is There a Farm-Size Productivity Relationship in African Agriculture?
    Abstract: Whether the negative relationship between farm size and productivity that is confirmed in a large global literature holds in Africa is of considerable policy relevance. This paper revisits this issue and examines potential causes of the inverse productivity relationship in Rwanda, where policy makers consider land fragmentation and small farm sizes to be key bottlenecks for the growth of the agricultural sector. Nationwide plot-level data from Rwanda point toward a constant returns to scale crop production function and a strong negative relationship between farm size and output per hectare as well as intensity of labor use that is robust across specifications. The inverse relationship continues to hold if profits with family labor valued at shadow wages are used, but disappears if family labor is rather valued at village-level market wage rates. These findings imply that, in Rwanda, labor market imperfections, rather than other unobserved factors, seem to be a key reason for the inverse farm-size productivity relationship
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  • 164
    Language: English
    Pages: Online-Ressource (33 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Onder, Harun Macroeconomic and Fiscal Implications of Population Aging in Bulgaria
    Abstract: Bulgaria is in the midst of a serious demographic transition that will shrink its population at one of the highest rates in the world within the next few decades. This study analyzes the macroeconomic and fiscal implications of this demographic transition by using a long-term model, which integrates the demographic projections with social security, fiscal and real economy dimensions in a consistent manner. The simulations suggest that, even under fairly optimistic assumptions, Bulgaria's demographic transition will exert significant fiscal pressures and depress the economic growth in the medium and long term. However, the results also demonstrate that the Government of Bulgaria can play a significant role in mitigating some of these effects. Policies that induce higher labor force participation, promote productivity and technological improvement, and provide better education outcomes are found to counteract the negative consequences of the demographic shift
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  • 165
    Language: English
    Pages: Online-Ressource (26 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Klein, Michael Firms Doing Good
    Abstract: Social impact investors, philanthropists, or corporations pursuing social responsibility try to demonstrate that they are indeed "doing good." This essay classifies the various types of measures that currently exist to capture social and environmental impact in a simple scheme. It argues that there is a basic "staircase of results measurement." A first level of measures captures some aspect of "organizational readiness." The next level describes some form of "result" that may or may not be attributable to the organization trying to do good. The third level gets at "impact" that can be attributed to an intervention. Beyond this, there are measures that assess the costs and benefits of interventions, allow aggregation of results from different interventions and comparison among them or across time. Finally, the essay discusses how measures are tied to incentives. It argues that the various approaches can produce more or less helpful measures but cannot be expected to yield anything approaching a true "double" or "triple" bottom line. A true "bottom line" involves aggregation and comparability of costs and benefits and provides incentives to perform. The multitude of social and environmental measurement schemes will by necessity remain a patchwork that can be thought of as describing the "product characteristics" of a company's output. Accounting profit remains the only measure that effectively aggregates costs and benefits and provides incentives. Profit itself is not just a necessity for organizational survival. It measures whether organizations meet client needs. It is thus an important measure of social impact in its own right. This may be unsurprising, but it sets expectations straight compared with currently widespread unrealistic hopes for the measurement of social and environmental impact and redirects attention to paying attention to profitability as part of impact measurement
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  • 166
    Language: English
    Pages: Online-Ressource (37 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Hochman, Gal Why Has Energy Efficiency Not Scaled-up in the Industrial and Commercial Sectors in Ukraine?
    Abstract: Improvement of energy efficiency is one of the main options to reduce energy demand and to reduce greenhouse gas emissions in Ukraine. However, large-scale deployment of energy efficient technologies has been constrained by several financial, technical, information, behavioral, and institutional barriers. This study assesses these barriers through a survey of 500 industrial and commercial firms throughout Ukraine. The results from the survey were used in a cumulative multi-logit model to understand the importance of the barriers. The analysis shows that financial barriers caused by high upfront costs of energy efficient technologies, higher costs of finance, and higher opportunity costs of energy efficiency investment are key barriers to the adoption of energy efficiency measures in Ukraine. Institutional barriers particularly lack government policies, which also contributes to the slow adoption of energy efficient technologies in the country. The results suggest targeted policy and credit enhancements could help trigger adoption of energy efficient measures. The empirical analysis shows strong inter-linkages among the barriers and finds heterogeneity between industrial and commercial sectors on the realization of the barriers
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  • 167
    Language: English
    Pages: Online-Ressource (44 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Skoufias, Emmanuel Electoral Accountability and Local Government Spending in Indonesia
    Abstract: This paper takes advantage of the exogenous phasing of direct elections in districts and applies the double-difference estimator to measure impacts on (i) human development outcomes and (ii) the pattern of public spending and revenue generation at the district level. The analysis reveals that four years after the switch to direct elections, there have been no significant effects on human development outcomes. However, the estimates of the impact of Pilkada on health expenditures at the district level suggest that directly elected district officials may have become more responsive to local needs at least in the area of health. The composition of district expenditures changes considerably during the year and sometimes the year before the elections, shifting toward expenditure categories that allow incumbent district heads running as candidates in the direct elections to "buy" voter support. Electoral reforms did not lead to higher revenue generation from own sources and had no effect on the budget surplus of districts with directly elected heads
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  • 168
    Language: English
    Pages: Online-Ressource (23 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Gutierrez, Eva Mobile Money Services Development
    Abstract: This study intends to increase understanding of how different types of mobile money services have developed in different environments. For this purpose, two countries were selected, the Republic of Korea and Uganda. From these study cases, some conclusions emerge. The development of mobile banking services can appear at different stages of financial sector development, but it requires a vibrant and competitive telecommunications sector. The regulatory environment does not need to be very sophisticated for the mobile industry to emerge. However, some elements appear to be important. The legal framework should allow (or at least not explicitly forbid) nonbank financial institutions to issue money and use banking agents or correspondents. To ensure wider use of the service by the population, it is important to educate the population on the benefits of mobile money services
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  • 169
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (51 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Keefer, Philip Radio's Impact on Preferences for Patronage Benefits
    Abstract: Citizens in developing countries support politicians who provide patronage or clientelist benefits, such as government jobs and gifts at the time of elections. Can access to mass media that broadcasts public interest messages shift citizens' preferences for such benefits? This paper examines the impact of community radio on responses to novel survey vignettes that make an explicit trade-off between political promises of jobs for a few versus public services for all. The impact of community radio is identified through a natural experiment in the media market in northern Benin, which yields exogenous variation in access across villages. Respondents in villages with greater radio access are less likely to express support for patronage jobs that come at the expense of public health or education. Gift-giving is not necessarily traded off against public services; correspondingly, radio access does not reduce preferences for candidates who give gifts. The pattern of results is consistent with a particular mechanism for radio's impact: increasing citizens' demand for broadly delivered health and education and thereby shaping their preferences for clientelist candidates
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  • 170
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (45 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Demirgüç-Kunt, Asli Deposit Insurance Database
    Keywords: Finanzdienstleistung ; Einlagensicherung ; Finanzkrise ; Welt
    Abstract: This paper provides a comprehensive, global database of deposit insurance arrangements as of 2013. The authors extend their earlier dataset by including recent adopters of deposit insurance and information on the use of government guarantees on banks' assets and liabilities, including during the recent global financial crisis. They also create a Safety Net Index capturing the generosity of the deposit insurance scheme and government guarantees on banks' balance sheets. The data show that deposit insurance has become more widespread and more extensive in coverage since the global financial crisis, which also triggered a temporary increase in the government protection of non-deposit liabilities and bank assets. In most cases, these guarantees have since been formally removed but coverage of deposit insurance remains above pre-crisis levels, raising concerns about implicit coverage and moral hazard going forward
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  • 171
    Language: English
    Pages: Online-Ressource (46 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Lim, Jamus Jerome Tinker, Taper, QE, Bye?
    Abstract: This paper examines gross financial inflows to developing countries between 2000 and 2013, with a particular focus on the potential effects of quantitative easing policies in the United States and other high-income countries. The paper finds evidence for potential transmission of quantitative easing along observable liquidity, portfolio balancing, and confidence channels. Moreover, quantitative easing had an additional effect over and above these observable channels, which the paper argues cannot be attributed to either market expectations or changes in the structural relationships between inflows and observable fundamentals. The baseline estimates place the lower bound of the effect of quantitative easing at around 5 percent of gross inflows (for the average developing economy), which suggests that of the 62 percent increase in inflows during 2009-13 related to changing global monetary conditions, at least 13 percent of this was attributable to quantitative easing. The paper also finds evidence of heterogeneity among different types of flows; portfolio (especially bond) flows tend to be more sensitive than foreign direct investment to our measured effects from quantitative easing. Finally, the paper performs simulations that explore the potential effects of the withdrawal of quantitative easing on financial flows to developing countries
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  • 172
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (50 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Khandker, Shahidur R Dynamic Effects of Microcredit in Bangladesh
    Abstract: This paper uses long panel survey data spanning over 20 years to examine the dynamics of microcredit programs in Bangladesh. With the phenomenal growth of microfinance institutions representing 30 million members with over
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  • 173
    Language: English
    Pages: Online-Ressource (49 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Skoufias, Emmanuel Does Access to Information Empower the Poor?
    Abstract: This paper summarizes the results of the impact evaluation of the Access to Information pilot project on empowerment of citizens in poor municipalities in the Dominican Republic. Among the dimensions of empowerment investigated are civic knowledge, awareness and use of the right to information, perceptions of and trust in public services and institutions, civic participation, and measures of local governance. Data were collected in two rounds: a baseline round at the end of 2010 and a follow-up round in mid-2012. No impact is found on awareness and the use of information under the specific Access to Information rules. However, it is observed that individuals address more general complaints to governments as a result of the Access to Information program regardless of whether these are classified under the ATI law or not. Some positive and statistically significant impacts are found on local government responsiveness, prioritization and decisions about the municipal budget, and trust in and satisfaction with some local government services
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  • 174
    Language: English
    Pages: Online-Ressource (34 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Dahal, Mahesh Private Non-State Sector Engagement in the Provision of Educational Services at the Primary and Secondary Levels in South Asia
    Abstract: Private (non-state) sector engagement in the provision of educational services at the primary and secondary levels in South Asia has recently undergone remarkable growth. This type of education comes in various forms, such as schools financed and managed by the private sector, schools financed by the government and managed by the private sector, private school vouchers, and tutoring outside the classroom. According to recent household survey data, almost one-third of school-goers aged 6 to 18 years in South Asia go to private schools, with a high concentration in Bangladesh, India, Nepal, and Pakistan. Data for India, Nepal, and Pakistan show that on average, private schools perform at least as well as government schools on student test scores, after controlling for socioeconomic factors, and they do so at significantly lower costs to society. However, student achievement varies greatly across schools of each type, with many weak private schools as well as strong government schools. Substantial, albeit indirect, evidence points to teacher behavior and accountability as an important driver of the effectiveness of private schools. In the long run, however, many factors may play important roles in sustaining the private sector's advantage. Another risk is that overall poor quality in a large government sector may set a low benchmark for the private sector. The findings cast doubt on the effectiveness of government regulations for private schools, given weak institutional capacity. Public-private partnerships with effective accountability mechanisms could leverage both equity and efficiency. Finally, it appears important to understand and customize teaching to the child's individual level
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  • 175
    Language: English
    Pages: Online-Ressource (31 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Fuchs, Alan Voter Response to Natural Disaster Aid
    Abstract: The paper estimates the effects on presidential election returns in Mexico of a government climatic contingency transfer that is allocated through rainfall-indexed insurance. The analysis uses the discontinuity in payments that slightly deviate from a pre-established threshold, based on rainfall accumulation measured at local weather stations. It turns out that voters reward the incumbent presidential party for delivering drought relief compensation. The paper finds that receiving indemnity payments leads to significantly greater average electoral support for the incumbent party of approximately 7.6 percentage points. The analysis suggests that the incumbent party is rewarded by disaster aid recipients and punished by non-recipients. The paper contributes to the literature on retrospective voting by providing evidence that voters evaluate government actions and respond to disaster spending
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  • 176
    Language: English
    Pages: Online-Ressource (53 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: de la Torre, Augusto Can Latin America Tap the Globalization Upside?
    Abstract: This paper discusses the theoretical arguments in favor of and against economic globalization and, with a view to ascertaining whether Latin America may be able to capture the globalization upside, examines the trends and salient features of Latin America's globalization as compared with that of Southeast Asia. The paper focuses on trade and financial integration as well as the aggregate demand structures (domestic demand-driven versus external demand-driven) that underpin the globalization process. It finds that Latin America is mitigating some bad side effects of financial globalization by moving toward a safer form of international financial integration and improving its macro-financial policy frameworks. Nonetheless, Latin America's progress in raising the quality of its international trade integration has been scant. The region's commodity-heavy trade structures and relatively poor quality of trade connectivity can hinder growth potential to the extent that they are less conducive to technology and learning spillovers. Moreover, Latin America's domestic demand-driven growth pattern (a reflection of relatively low domestic savings) may become an additional drag to growth by accentuating the risk of a low savings-low external competitiveness trap
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  • 177
    Language: English
    Pages: Online-Ressource (35 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Newhouse, D How Survey-to-Survey Imputation Can Fail
    Abstract: This paper proposes diagnostics to assess the accuracy of survey-to-survey imputation methods and applies them to examine why imputing from the Household Income and Expenditure Survey into the Labor Force Survey fails to accurately project poverty trends in Sri Lanka between 2006 and 2009. Survey-to-survey imputation methods rely on two key assumptions: (i) that the questions in the two surveys are asked in a consistent way and (ii) that common variables of the two surveys explain a large share of the intertemporal change in household expenditure and poverty. In addition, differences in sampling design can lead validation tests to underestimate the accuracy of survey-to-survey predictions. In Sri Lanka, the causes of failure differ across sectors. In the urban sector, the primary culprit is differences between the two surveys in the design of the questionnaire. In the rural and estate sectors, the set of common variables in the prediction model does not adequately capture changes in poverty. The paper concludes that in Sri Lanka, survey-to-survey imputation between the Household Income and Expenditure Survey and the Labor Force Survey cannot produce accurate poverty estimates unless the Labor Force Survey adds additional questions on assets and is redesigned to use a questionnaire that is compatible with the Household Income and Expenditure Survey. Alternatively, a new welfare-tracking survey that satisfies these conditions could be established
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  • 178
    Language: English
    Pages: Online-Ressource (20 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Wagstaff, Adam Encouraging Health Insurance for the Informal Sector
    Abstract: Subsidized voluntary enrollment in government-run health insurance schemes is often proposed as a way of increasing coverage among informal sector workers and their families. This paper reports the results of a cluster randomized control trial in which 3,000 households in 20 communes in Vietnam were randomly assigned at baseline to a control group or one of three treatments: an information leaflet about Vietnam's government-run scheme and the benefits of health insurance; a voucher entitling eligible household members to 25 percent off their annual premium; and both. The four groups were balanced at baseline. In the control group, 6.3 percent (82/1296) of individuals were enrolled in the endline, compared with 6.3 percent (79/1257), 7.2 percent (96/1327), and 7.0 percent (87/1245) in the information, subsidy, and combined intervention groups; the adjusted odds ratios were 0.94, 1.12, and 1.15, respectively. Only among those reporting poor health were any significant intervention effects found, and only for the combined intervention: an enrollment rate of 16.3 percent (33/202) compared with 8.3 percent (18/218) in the control group, and an adjusted odds ratio of 2.50. The results suggest limited opportunities to raise voluntary health insurance enrollment through information campaigns and subsidies, and that these interventions exacerbate adverse selection
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  • 179
    Language: English
    Pages: Online-Ressource (24 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Nguyen, Ha Institutions and Firms' Return to Innovation
    Abstract: This paper poses a question: do firms in developing countries not innovate because they are unwilling to? The question moves away from the conventional focus on the obstacles (such as the lack of access to finance) that hinder firms' innovation ability. The World Bank's Enterprise Survey is used first to estimate the return to firms' innovation across many developing countries, in terms of sales and sales per worker. Then the return to innovation is compared across countries with different levels of institutional quality. In countries with lower institutional quality (specifically, rule of law, regulatory quality, property and patent right protection), the return to firms' innovation is lower. This suggests that poor institutional environment lowers firms' return to innovation and hence discourages them from investing in researching and adopting new products
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  • 180
    Language: English
    Pages: Online-Ressource (49 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Ghani, Ejaz Regional Diversity and Inclusive Growth in Indian Cities
    Abstract: This paper examines the employment growth of Indian districts from 2000 to 2010 in the manufacturing and services sectors. Specialization and diversity metrics that combine industries in both sectors are calculated and related to subsequent job growth. The analysis finds robust and consistent evidence that the diversity of industries in the district across the two sectors links to subsequent job growth. Somewhat surprisingly, this link finds its strongest expression outside typical stories about the role of diversity. For example, the growth is strongest in rural areas of districts and in districts with low population density. Diversity correlates with disproportionately higher employment growth in the informal sector and plays a role in generating employment in the district's smaller industries. These findings point toward the "inclusive" nature of diversity-driven growth and highlight a potentially important agenda item for policy makers concerned with inclusive development
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  • 181
    Language: English
    Pages: Online-Ressource (36 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Azevedo, Joao Pedro Poverty Reduction and Shared Prosperity in Tajikistan
    Abstract: Tajikistan was one of the fastest growing countries in the Europe and Central Asia region during the last decade. The economic growth was widely shared by the population and as a result poverty (measured by the national poverty line) declined from 73 percent in 2003 to 47 percent in 2009 accompanied by falling inequality. Consumption growth of the bottom 40 percent of the population-a measure of shared prosperity proposed by the World Bank- was positive, pointing out that the growth was shared among the less well off. This work presents a diagnostic of shared prosperity and poverty reduction in Tajikistan during 2003-2009. The paper also focuses on quantifying the main drivers of poverty reduction, shared prosperity, and intra-generational mobility (class transitions). Some of the mechanisms of poverty reduction are explored in detail. Finally, main impediments to inter-generational mobility are discussed
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  • 182
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (24 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Kojo, Naoko C Demystifying Dutch Disease
    Abstract: This paper examines the theory of Dutch disease and its implications for practical policy questions. Dutch disease is a term that is well-known to economists and development practitioners. But it is also a concept that is often conflated with "resource curse" and misinterpreted as a "disease" that necessarily causes adverse impacts on the economy. The paper points out that many of the seemingly well-established arguments in this field are not necessarily grounded in theory or empirical evidence. Great care is needed in diagnosing Dutch disease and formulating policy prescriptions based on the theoretical framework, given the restrictive assumptions that may not be fully applicable and the limited relevance to today's inextricably intertwined trade flows. Countries facing large inflows of foreign currency should focus on safeguarding the domestic economy from the volatility of international commodity and capital markets, and building robust institutions to reduce adjustment costs and boost broader competitiveness. A policy package needs to be comprehensive, covering macroeconomic and structural policy measures, and should be calibrated to target country specific concerns. Policies may need to be adjusted continuously in view of the evolving dynamics of the global and domestic economic environment
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  • 183
    Language: English
    Pages: Online-Ressource (41 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Calì, Massimiliano Integrating Border Regions
    Abstract: Deeper regional integration can be beneficial especially for regions along international borders. It can open up new markets on opposite sides of borders and give consumers wider access to cheaper goods. This paper uses data from five contiguous districts of India, Nepal, and Bangladesh in the northeast of the subcontinent to measure the degrees of trade complementarity between districts. The paper illustrates that the regions are underexploiting the potential of intraregional commerce. Price wedges of up to 90 percent in some important consumption products along with measures of complementarity between households' production and consumption suggest the potential for relatively large gains from deeper trade integration. Furthermore, an examination of a specific supply chain of tea highlights factors that help industries scale up, aided by institutions such as an organized auction and decent physical and legal infrastructure. However, districts alike in geography but located across international boundaries face different development prospects, suggesting that gains from reduced "thickness of borders" would not accrue automatically. Much rests on developing intrinsic industry competitiveness at home, including the reform of regulatory and business practices and infrastructural bottlenecks that prevent agglomeration of local economies
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  • 184
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (25 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Gereffi, Gary Risks and Opportunities of Participation in Global Value Chains
    Abstract: Risk is inherent to the pursuit of opportunity. This paper surveys the recent literature and looks at the risks and opportunities firms and their workers face in the global value chains. First, it examines the risk-sharing mechanisms that firms provide from the national and global perspectives; second, it takes a closer look at the new opportunities and challenges for firms and individuals in the global arena; third, it discusses the role of economic upgrading and social upgrading; and finally it sheds light on how the government can help people manage risks and reap the benefits in the participation of global value chains
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  • 185
    Language: English
    Pages: Online-Ressource (25 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Morales, Alvaro Pedraza Strategic Interactions and Portfolio Choice in Money Management
    Abstract: This paper studies the portfolio choice of strategic fund managers in the presence of a peer-based underperformance penalty. Evidence is taken from the Colombian pension fund management industry, where six asset managers are in charge of portfolio allocation for the mandatory contributions of the working population. These managers are subject to a peer-based underperformance penalty, known as the Minimum Return Guarantee. The trading behavior by the managers is studied before and after a change in the strictness of the guarantee in June 2007. The evidence suggests that a tighter minimum return guarantee results in more trading in the direction of peers, a behavior that is more pronounced for underperforming managers. These managers rebalance their portfolios by buying securities in which they are underexposed relative to their peers, as opposed to selling assets in which they are overexposed. Overall, the results suggest that incentives for managers to be close to industry benchmarks play an important role in the portfolio allocation of these funds
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  • 186
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (50 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Lester, Rodney Insurance and Inclusive Growth
    Abstract: While the real sector and governments (along with a few micro economists) have long recognized the core economic role that the insurance function plays, the mainstream economics profession has largely treated it as invisible background. This literature review of the relevant research, most of which has been carried out in the past few decades, demonstrates that the insurance sector contributes at a basic level to inclusive economic growth and the effectiveness of the credit function. It also shows that the latter impact may be particularly fundamental in assisting the poor to avoid poverty traps and to progress economically. However, the research and the theoretical models underpinning it also highlight certain constraints to the efficient utilization of the insurance function. The literature dealing with innovations designed to overcome these constraints is reviewed and successful initiatives and remaining challenges are identified
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  • 187
    Language: English
    Pages: Online-Ressource (27 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Nix, Emily Bridging the Gap
    Abstract: This paper explores the determinants of the gender gap in income earnings in five Sub-Saharan countries: the Republic of Congo, Ghana, Rwanda, Uganda, and Tanzania. It shows that first, self-employment tends to provide marginally lower average income (with the exception of Ghana and men in Rwanda) and much higher variability in income compared with wage work. Women on average earn less than men when they are self-employed and in wage employment, but also have less volatile earnings. The analysis uses quantile decomposition methods and finds that the differences in observable choices and endowments explain the gender gap in earnings for the self-employed who earn the least while the gap for the most successful male and female entrepreneurs is largely driven by differences in returns to observable covariates in the majority of the countries. These results suggest a glass ceiling effect, wherein a large portion of the income gaps between high-earning men and women cannot be explained by observable characteristics. The paper concludes by looking at the variables that account for a larger portion of the gender gap explained by observable characteristics and finds that hours of work and industry explain a higher fraction compared with standard human capital and demographic factors such as age and education
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  • 188
    Language: English
    Pages: Online-Ressource (63 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Artuç, Erhan A Global Assessment of Human Capital Mobility
    Keywords: 1990 - 2000 ; Hochqualifizierte Arbeitskräfte ; Internationale Migration ; Arbeitsmobilität ; Brain Drain ; Welt
    Abstract: Discussions of high-skilled mobility typically evoke migration patterns from poorer to wealthier countries, which ignore movements to and between developing countries. This paper presents, for the first time, a global overview of human capital mobility through bilateral migration stocks by gender and education in 1990 and 2000, and calculation of nuanced brain drain indicators. Building on newly collated data, the paper uses a novel estimation procedure based on a pseudo-gravity model, then identifies key determinants of international migration, and subsequently uses estimated parameters to impute missing data. Non-OECD destinations account for one-third of skilled-migration, while OECD destinations are declining in relative importance
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  • 189
    Language: English
    Pages: Online-Ressource (111 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Cruz, Marcio Beyond the Income Effect
    Abstract: In the past decade, conditional cash transfer (CCT) programs have become an important component of social policy in developing countries. While the impacts of these programs have been well researched with respect to their effectiveness to achieve intended outcomes, less is known about their impact on private expenditure decisions. This aspect has great policy relevance since changes in private household expenditures can either support or counteract the aim of the programs. This essay investigates the impact of a CCT program on private household expenditure decisions in nutrition, health and education which are seen as principal contributors to child human capital. First, household expenditure behavior under a CCT program is discussed based on Heckman's model on the technology of skill formation as a conceptual framework. The paper shows how intra-household preferences and perceptions on the substitutability or complementarity of investments can impact household resource allocation decisions. Subsequently, the theoretical implications are tested in the context of the Brazilian CCT program Bolsa Família, using the Brazilian household expenditure survey. Evidence is found that households increase their private expenditure in food and education disproportionally to the amount of cash transfer, that is, more than would be expected when considering the Engel curves of the expenditures under question
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  • 190
    Language: English
    Pages: Online-Ressource (36 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Ananthpur, Kripa The Anatomy of Failure
    Abstract: Programs that induce citizen participation to improve the quality of government at the local level are the subjects of large amounts of funding and intense debate. This paper combines a randomized control trial of a citizenship training and facilitation program in rural India, with an in-depth, four-year ethnography of the intervention to understand the underlying mechanisms of change. The quantitative data show no impact from the intervention. Household and village survey data from 100 treatment and 100 control villages show considerable improvement across a wide variety of governance and participation indicators over time, but the differences in the changes between treatment and control villages are not statistically significant. The detailed qualitative data from a 10 percent subsample allow us to unpack the reasons why the intervention “failed,” highlighting the role of variations in the quality of facilitation, lack of top-down support, and difficulties with confronting the stubborn challenge of persistent inequality. However, the qualitative investigation also uncovered subtle treatment effects that are difficult to observe in structured surveys. The paper thus demonstrates that a concerted effort to use “thick description” to uncover the process of change using careful and detailed qualitative work can add value to standard impact evaluations
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  • 191
    Language: English
    Pages: Online-Ressource (53 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Anginer, Deniz Corporate Governance and Bank Insolvency Risk
    Abstract: This paper finds that shareholder-friendly corporate governance is positively associated with bank insolvency risk, as proxied by the Z-score and the Merton's distance to default measure, for an international sample of banks over the 2004-08 period. Banks are special in that "good" corporate governance increases bank insolvency risk relatively more for banks that are large and located in countries with sound public finances, as banks aim to exploit the financial safety net. Good corporate governance is specifically associated with higher asset volatility, more nonperforming loans, and a lower tangible capital ratio. Furthermore, good corporate governance is associated with more bank risk-taking at times of rapid economic expansion. Consistent with increased risk-taking, good corporate governance is associated with a higher valuation of the implicit insurance provided by the financial safety net, especially in the case of large banks. These results underline the importance of the financial safety net and too-big-to-fail policies in encouraging excessive risk-taking by banks
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  • 192
    Language: English
    Pages: Online-Ressource (41 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Montenegro, Claudio E Comparable Estimates of Returns to Schooling around the World
    Abstract: Rates of return to investments in schooling have been estimated since the late 1950s. In the 60-plus year history of such estimates, there have been several attempts to synthesize the empirical results to ascertain patterns. This paper presents comparable estimates, as well as a database, that use the same specification, estimation procedure, and similar data for 139 economies and 819 harmonized household surveys. This effort to compile comparable estimates holds constant the definition of the dependent variable, the set of control variables, the sample definition, and the estimation method for all surveys in the sample. The results of this study show that (1) the returns to schooling are more concentrated around their respective means than previously thought; (2) the basic Mincerian model used is more stable than may have been expected; (3) the returns to schooling are higher for women than for men; (4) returns to schooling and labor market experience are strongly and positively associated; (5) there is a decreasing pattern over time; and (6) the returns to tertiary education are highest
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  • 193
    Language: English
    Pages: Online-Ressource (25 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Iqbal, Farrukh The Reduction of Child Mortality in the Middle East and North Africa
    Abstract: Although child mortality rates have declined all across the developing world over the past 40 years, they have declined the most in the Middle East and North Africa region. This paper documents this remarkable experience and shows that it is broad based in the sense that all countries in the Middle East and North Africa experienced significant declines in child mortality over this period and each country did better than most of its comparators. In looking for the sources of the region's performance edge, the paper confirms the importance of such determinants of child mortality as income growth, education stock, public spending on health, urbanization, and food sufficiency. In addition, the paper establishes that the initial level of mortality has a substantial influence on the pace of subsequent child mortality decline. Of these factors, food sufficiency status is found to contribute to the region's performance edge over all developing regions, while the other factors are found to matter to varying degrees in selected pairwise regional comparisons
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  • 194
    Language: English
    Pages: Online-Ressource (37 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Du Caju, Philip Why Firms Avoid Cutting Wages
    Abstract: Firms very rarely cut nominal wages, even in the face of considerable negative economic shocks. This paper uses a unique survey of fourteen European countries to ask firms directly about the incidence of wage cuts and to assess the relevance of a range of potential reasons for why the firms avoid cutting wages. The paper examines how firm characteristics and collective bargaining institutions affect the relevance of each of the common explanations put forward for the infrequency of wage cuts. Concerns about the retention of productive staff and a lowering of morale and effort were reported as key reasons for downward wage rigidity across all countries and firm types. Restrictions created by collective bargaining were found to be an important consideration for firms in Western European (EU-15) countries but were one of the lowest ranked obstacles in the new EU member states in Central and Eastern Europe
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  • 195
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (20 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Kanbur, Ravi How Useful is Inequality of Opportunity as a Policy Construct?
    Keywords: Bildungschancen ; Einkommensverteilung ; Sozialer Indikator ; Ethik
    Abstract: The academic literature on equality of opportunity has burgeoned. The concepts and measures have begun to be used by policy institutions, including in specific sectors such as health and education. It is argued that one advantage of focusing on equality of opportunity is that policy makers are more responsive to that discourse than to equality of outcomes per se. This paper presents a critique of equality of opportunity in the policy context. Although the empirical analysis to which the literature has given rise is useful and is to be welcomed, current methods for quantifying and implementing the concept with a view to informing the policy discourse face a series of fundamental questions that remain unanswered. Without a full appreciation of these difficulties, the methods may prove to be misleading in the policy context
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  • 196
    Language: English
    Pages: Online-Ressource (27 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Capuno, Joseph J Effects of Interventions to Raise Voluntary Enrollment in a Social Health Insurance Scheme
    Abstract: A cluster randomized controlled trial was undertaken, testing two sets of interventions to encourage enrollment in the Philippines' Individual Payer Program. Of 243 municipalities, 179 were randomly assigned as intervention sites and 64 as controls. In early 2011, 2,950 families were interviewed; unenrolled Individual Payer Program-eligible families in intervention sites were given an information kit and a 50 percent premium subsidy until the end of 2011. In February 2012, the "non-compliers" had their voucher extended, were re-sent the enrollment kit, and received Short Message Service (SMS) reminders. Half were told that in the upcoming end-line interview the enumerator could help complete the enrollment form, deliver it to the insurer, and have identification cards mailed. The control and intervention sites were balanced at baseline. In the control sites, 9.9 percent (32/323) of eligible individuals had enrolled by January 2012, compared with 14.9 percent (119/801) in intervention sites. In the sub-experiment, enrollment was 3.4 percent (10/290) among eligible non-compliers and who did not receive assistance but 39.7 percent (124/312) among those who did. A premium subsidy combined with information can increase voluntary enrollment in a social health insurance program, but less than an intervention that reduces the enrollment burden; even that leaves enrollment below 50 percent
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  • 197
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (37 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Smets, Lodewijk World Bank Lending and the Quality of Economic Policy
    Keywords: Weltbank ; Internationale Organisation ; Entwicklungshilfe ; Wirtschaftspolitik ; Wirtschaftliche Anpassung ; Entwicklungsländer
    Abstract: This study investigates the impact of World Bank development policy lending on the quality of economic policy. It finds that the quality of policy increases, but at a diminishing rate, with the cumulative number of policy loans. Similar results hold for the cumulative number of conditions attached to policy loans, although quadratic specifications indicate that additional conditions may even reduce the quality of policy beyond some point. The paper measures the quality of economic policy using the World Bank's Country Policy and Institutional Assessments of macro, debt, fiscal and structural policies, and considers only policy loans targeted at improvements in those areas. Previous studies finding weaker effects of policy lending on macro stability have failed to distinguish loans primarily intended to improve economic policy from other loans targeted at improvements in sector policies or in public management. The paper also shows that investing in economic policy does not "crowd out" policy improvements in other areas such as public sector governance or human development. The results are robust to using alternative indicators of policy quality, and correcting for endogeneity with system generalized methods of moments and cross-sectional two-stage least squares. The more positive results in the study relative to some previous studies based on earlier loans are consistent with claims by the World Bank that it has learned from its mistakes with traditional adjustment lending
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  • 198
    Language: English
    Pages: Online-Ressource (87 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Steinbuks, Jevgenijs Confronting the Food-Energy-Environment Trilemma
    Abstract: Economic, agronomic, and biophysical drivers affect global land use, so all three influences need to be considered in evaluating economically optimal allocations of the world's land resources. A dynamic, forward-looking optimization framework applied over the course of the coming century shows that although some deforestation is optimal in the near term, in the absence of climate change regulation, the desirability of further deforestation is eliminated by mid-century. Although adverse productivity shocks from climate change have a modest effect on global land use, such shocks combined with rapid growth in energy prices lead to significant deforestation and higher greenhouse gas emissions than in the baseline. Imposition of a global greenhouse gas emissions constraint further heightens the competition for land, as fertilizer use declines and land-based mitigation strategies expand. However, anticipation of the constraint largely dilutes its environmental effectiveness, as deforestation accelerates prior to imposition of the target
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  • 199
    Language: English
    Pages: Online-Ressource (21 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Basu, Karna Asymmetric Punishment as an Instrument of Corruption Control
    Keywords: Korruption ; Strafrecht ; Whistleblowing ; Nash-Gleichgewicht ; Entwicklungsländer
    Abstract: The control of bribery is a policy objective in many developing countries. It has been argued that asymmetric punishments could reduce bribery by incentivizing whistle-blowing. This paper investigates the role played by asymmetric punishment in a setting where bribe size is determined by Nash bargaining, detection is costly, and detection rates are set endogenously. First, when detection rates are fixed, the symmetry properties of punishment are irrelevant to bribery. Bribery disappears if expected penalties are sufficiently high; otherwise, bribe sizes rise as expected penalties rise. Second, when detection rates are determined by the bribe-giver, a switch from symmetric to asymmetric punishment either eliminates bribery or allows it to persist with larger bribe sizes. Furthermore, when bribery persists, multiple bribe sizes could survive in equilibrium. The paper derives parameter values under which each of these outcomes occurs and discusses how these could be interpreted in the context of existing institutions
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 200
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (37 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Cristea, Anca Open Skies over the Middle East
    Abstract: The dynamism of air traffic markets in the Middle East obscures the persistence of restrictions on international competition. But how important are such restrictions for passenger traffic? This paper uses detailed data on worldwide passenger aviation to estimate the effect of air transport policy on international air traffic. The policy variable is a quantitative measure of the commitments under international agreements. The paper analyzes, for the first time, not only bilateral agreements, but also plurilateral agreements such as the one between Arab states. The analysis finds that more liberal policy is associated with greater passenger traffic between countries. Higher traffic levels appear to be driven primarily by larger numbers of city pairs being served, rather than by more passengers traveling along given routes. To demonstrate the quantitative implication of the estimates, two liberalization scenarios in the Middle East are evaluated. Deepening the plurilateral agreement among Arab states would lead to a 30 percent increase in intraregional passenger traffic. Widening the agreement to include Turkey would generate significantly larger gains because current policy vis-`-vis Turkey is much more restrictive
    URL: Volltext  (Deutschlandweit zugänglich)
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