Your email was sent successfully. Check your inbox.

An error occurred while sending the email. Please try again.

Proceed reservation?

Export
Filter
  • 2010-2014  (12)
  • Washington, D.C : The World Bank  (12)
  • Panel  (7)
  • Finanzkrise  (5)
Datasource
Material
Language
Years
Year
  • 1
    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
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 2
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (47 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Emerson, Patrick M Child Labor and Learning
    Keywords: Schüler ; Kinderarbeit ; Mikrodaten ; Lernen ; Panel ; Brasilien
    Abstract: This paper uses a unique micro panel dataset of Brazilian students to investigate the impact of working while in school on learning outcomes. The potential endogeneity is addressed through the use of difference-in-difference and instrumental variable estimators. A negative effect of working on learning outcomes in math and Portuguese is found. The effects of child work range from 3 to 8 percent of a standard deviation decline in test score, which represents a loss of about a quarter to a half of a year of learning on average
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 3
    Language: English
    Pages: Online-Ressource (52 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Dang, Hai-Anh H Welfare Dynamics Measurement
    Keywords: 2004 - 2009 ; Armut ; Soziale Mobilität ; Mittelschicht ; Panel ; USA ; Indien ; Vietnam
    Abstract: Little research currently exists on a vulnerability line that distinguishes the poor population from the population that is not poor but that still faces significant risk of falling back into poverty. This paper attempts to fill this gap by proposing vulnerability lines that can be straightforwardly estimated with panel or cross-sectional household survey data, in rich- and poor-country settings. These vulnerability lines offer a means to broaden traditional poverty analysis and can also assist with the identification of the middle class or resilient population groups. Empirical illustrations are provided using panel data from the United States (Panel Study of Income Dynamics) and Vietnam (Vietnam Household Living Standards Survey) for the period 2004-2008 and cross-sectional data from India (National Sample Survey) for the period 2004-2009. The estimation results indicate that in Vietnam and India during this time period, the population living in poverty and the middle class have been falling and expanding, respectively, while the opposite has been occurring in the United States
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 4
    Language: English
    Pages: Online-Ressource (23 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Oseni, Gbemisola Can Agricultural Households Farm Their Way Out of Poverty?
    Keywords: 2010 - 2011 ; Landwirtschaftlicher Familienbetrieb ; Produktivität ; Haushaltsstatistik ; Panel ; Armut ; Nigeria
    Abstract: This paper examines the determinants of agricultural productivity and its link to poverty using nationally representative data from the Nigeria General Household Survey Panel, 2010/11. The findings indicate an elasticity of poverty reduction with respect to agricultural productivity of between 0.25 to 0.3 percent, implying that a 10 percent increase in agricultural productivity will decrease the likelihood of being poor by between 2.5 and 3 percent. To increase agricultural productivity, land, labor, fertilizer, agricultural advice, and diversification within agriculture are the most important factors. As commonly found in the literature, the results indicate the inverse-land size productivity relationship. More specifically, a 10 percent increase in harvested land size will decrease productivity by 6.6 percent, all else being equal. In a simulation exercise where land quality is assumed to be constant across small and large holdings, the results show that if farms in the top land quintile had half the median yield per hectare of farms in the lowest quintile, production of the top quintile would be 10 times higher. The higher overall values of harvests from larger land sizes are more likely because of cultivation of larger expanses of land, rather than from efficient production. It should be noted that having larger land sizes in itself is not positively correlated with a lower likelihood of being poor. This is not to say that having larger land sizes is not important for farming, but rather it indicates that increasing efficiency is the more important need that could lead to poverty reduction for agricultural households
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 5
    Language: English
    Pages: Online-Ressource (56 p)
    Edition: 2014 World Bank eLibrary
    Parallel Title: Dang, Hai-Anh H Who Remained in Poverty, Who Moved up, and Who Fell Down?
    Keywords: 2005 - 2011 ; Armut ; Soziale Mobilität ; Panel ; Senegal
    Abstract: Poverty estimates based on cross-section data provide static snapshots of poverty rates. Although a time series of cross-section data can offer some insights into poverty trends, it does not allow for an assessment of dynamics at the household level. Such a dynamic perspective on poverty generally calls for panel data and this kind of analysis can usefully inform poverty reduction policy, notably the design of social protection interventions. Absent actual panel data for Senegal, this paper applies new statistical methods to construct synthetic panel data from two rounds of cross-section household surveys in 2005 and 2011. These data are used to study poverty transitions. The results suggest that, in marked contrast to the picture obtained from cross-section data, there exists a great deal of mobility in and out of poverty during this period. More than half the population experiences changes in its poverty status and more than two-thirds of the extreme (food) poor move up one or two welfare categories. Factors such as rural residence, disability, exposure to some kind of natural disaster, and informality in the labor market are associated with a heightened risk of falling into poverty. Belonging to certain ethnicities and factors such as migration, working in the non-agriculture sector, and having access to social capital are associated with a lower risk of falling into poverty
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 6
    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
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 7
    Language: English
    Pages: Online-Ressource (33 p)
    Edition: 2012 World Bank eLibrary
    Parallel Title: Guimbert, Stephane Weathering the Storm
    Keywords: Unternehmenserfolg ; Intertemporale Entscheidung ; Liquiditätsbeschränkung ; Finanzkrise ; Theorie
    Abstract: Firms have various ways to cope with external risks. This paper analyzes the risk coping behavior that entails the smoothing of inputs (labor, raw materials, or capital). The theoretical framework shows that, if they face adjustment costs, firms prefer to smooth their inputs, especially if they expect a demand shock to be temporary. However, credit constrained firms will be adversely affected by the presence of liquidity constraints, and this will create a welfare loss due to incomplete smoothing. The authors estimate this behavior using a panel of Cambodian firms at the time of the 2008 global economic crisis. The survey shows that these firms were hard hit by the economic crisis between 2008 and 2009, with an average fall in demand (sales) of 30 percent. Based on the theoretical framework, the analysis can estimate the responsiveness of labor, capital, and raw materials input demand to demand shocks. It finds that firms try to smooth in particular if they believe the shock is temporary; in fact non-credit constrained firms reduce their inputs much less than firms that were credit constrained when the demand shock is expected to be temporary. The paper estimates that the welfare loss from incomplete smoothing due to credit constraints is many multiples of the adjustment costs of the firms that were not credit constrained. This has important policy implications about the role of financial sector development and regulations beyond the capital market. This micro analysis also has macro implications: if all firms expect a shock to be permanent, their combined limited smoothing of inputs will indeed make the shock more likely to be permanent
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 8
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (74 p)
    Edition: 2012 World Bank eLibrary
    Parallel Title: Eden, Maya Financial Distortions and the Distribution of Global Volatility
    Keywords: Internationaler Finanzmarkt ; Finanzkrise ; Schwellenländer ; Volatilität ; Mikrofundierung
    Abstract: Why are emerging economies excessively vulnerable to shocks to external funding? What was the role of financial flows from emerging to developed economies in setting the stage for the subprime crisis? This paper addresses these questions in a simple general equilibrium framework that emphasizes the aggregate implications of the misallocation of funds on the micro level. The analysis shows that the misallocation of funds amplifies volatility even in a closed economy. Financial integration between relatively distorted emerging economies and relatively undistorted developed economies leads to a further divergence in volatility, thereby providing a new and simple explanation for the divergent trends in output volatility up to the recent crisis. In the integrated environment, cheap funding leads to an endogenous deterioration of the financial system in developed economies. These predictions are consistent with a wide variety of microfoundations, in which distortions cause productive projects to be relatively more sensitive to aggregate shocks. The paper provides some empirical evidence for these microfoundations
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 9
    Language: English
    Pages: Online-Ressource (37 p)
    Edition: 2011 World Bank eLibrary
    Parallel Title: Gutierrez, Eva Development Banks
    Keywords: Entwicklungsbank ; Finanzkrise ; Bankenregulierung
    Abstract: Past performance of development banks, has generally been considered poor and the value of state ownership questioned. There are few institutions that achieve the optimum balance of effectively addressing a policy objective while being financially sustainable. Following the financial crisis, there is a renewed interest in the role development banks can play in weathering the crisis. The purpose of this paper is to highlight the lessons learned following the financial crisis and to present some of the best practices in development banking so that policy makers can be better informed should they be considering how to build strong state financial institutions to address current and future needs in their respective countries
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 10
    Language: English
    Pages: Online-Ressource (39 p)
    Edition: 2011 World Bank eLibrary
    Parallel Title: Aizenman, Joshua Managing Financial Integration and Capital Mobility
    Keywords: 1997-2009 ; Internationales Finanzsystem ; Internationales Währungssystem ; Finanzmarktregulierung ; Finanzkrise ; Schwellenländer ; OECD-Staaten
    Abstract: The accumulated experience of emerging markets over the past two decades has laid bare the tenuous links between external financial integration and faster growth, on the one hand, and the proclivity of such integration to fuel costly crises on the other. These crises have not gone without learning. During the 1990s and 2000s, emerging markets converged to the middle ground of the policy space defined by the macroeconomic trilemma, with growing financial integration, controlled exchange rate flexibility, and proactive monetary policy. The OECD countries moved much faster toward financial integration, embracing financial liberalization, opting for a common currency in Europe, and for flexible exchange rates in other OECD countries. Following their crises of 1997-2001, emerging markets added financial stability as a goal, self-insured by building up international reserves, and adopted a public finance approach to financial integration. The global crisis of 2008-2009, which originated in the financial sector of advanced economies, meant that the OECD "overshot" the optimal degree of financial deregulation while the remarkable resilience of the emerging markets validated their public finance approach to financial integration. The story is not over: with capital flowing in droves to emerging markets once again, history could repeat itself without dynamic measures to manage capital mobility as part of a comprehensive prudential regulation effort
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 11
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (73 p)
    Edition: 2011 World Bank eLibrary
    Parallel Title: Kubota, Megumi Assessing Real Exchange Rate Misalignments
    Keywords: 1971-2005 ; Kaufkraftparität ; Wechselkurspolitik ; Offene Volkswirtschaft ; Probit-Modell ; Tobit-Modell ; Panel ; Welt
    Abstract: There is a renewed debate on the role of exchange rate policies as an industrial policy tool in both academic and policy circles. Policy practitioners usually examine real exchange rate misalignments to monitor the behavior of this key relative price and, if possible, exploit distortions in the traded and non-traded relative price to promote growth. Anecdotal evidence shows that some countries have pursued very active exchange rate policies to promote the export sector and enhance growth by undervaluing their currencies. The main goal of this paper is to provide a systematic characterization of real exchange rate undervaluations. The long-run real exchange rate equation is estimated using: (a) Johansen time series cointegration estimates, and (b) pooled mean group estimates for non-stationary panel data. The paper constructs a dataset of real undervaluation episodes. It first evaluates whether (and if so, to what extent) economic policies can be used to either cause or sustain real undervaluations. In this context the paper empirically models the likelihood and magnitude of sustaining real exchange rate undervaluations by examining their link to policy instruments (such as exchange rate regimes and capital controls, among other policies) using probit and Tobit models. Finally, it investigates whether foreign exchange intervention can generate persistent real exchange rate deviations from equilibrium. In general, it finds that intervention can lead to greater persistence in the incidence and magnitude of real exchange rate undervaluations
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 12
    Language: English
    Pages: Online-Ressource (31 p)
    Edition: 2010 World Bank eLibrary
    Parallel Title: Noumba Um, Paul Is the Level of Financial Sector Development A Key Determinant of Private Investment in the Power Sector ?
    Keywords: Öffentlich-private Partnerschaft ; Versorgungswirtschaft ; Wirtschaftswachstum ; Panel ; Entwicklungsländer
    Abstract: This paper seeks to assess the extent to which a country's overall level of development and that of its financial sector, in particular, are factors that attract private capital into infrastructure projects. The authors investigate these effects in a 1990-2007 dataset on the power sector in 37 developing countries. The results suggest that economic growth is a key determinant of private investors' investment in infrastructure projects, and that investors tend to take countries’ governance quality into account in their decisions to invest. The empirical results highlight that the development of the financial sector also plays a significant role in private investors' decisions to enter infrastructure sectors. In particular, the degree of country risk and exchange rate volatility is found to be negatively related to the volume of private sector investment in power projects. Furthermore, when the banking sector and the capital market are separately treated in the analysis, the existence of a well functioning capital market is the main attracting factor. In addition, the existence of an independent energy regulatory authority significantly improves the level of private investors' implication in energy projects. When accounting for the interactions between the overall economic development and the financial sector development variables, the effects of these variables are still significant and the results also confirm the importance of an independent energy sector regulator
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
Close ⊗
This website uses cookies and the analysis tool Matomo. More information can be found here...