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  • 1995-1999  (1.382)
  • Charlottesville, Va : University of Virginia Library  (934)
  • Boston, MA : Safari
  • Washington, D.C : The World Bank
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  • 1
    Online-Ressource
    Online-Ressource
    [Erscheinungsort nicht ermittelbar] : Newnes | Boston, MA : Safari
    ISBN: 9780750698665
    Sprache: Englisch
    Seiten: 1 online resource (869 pages)
    Ausgabe: 7th edition
    Schlagwort(e): Electronic books ; local ; Electronic books
    Kurzfassung: Included in this fully revised classic are well over 28,000 terms, phrases, acronyms, and abbreviations from the ever-expanding worlds of consumer electronics, optics, microelectronics, computers, communications, and medical electronics. From the basic elements of theory to the most cutting-edge circuit technology, this book explains it all in both words and pictures. For easy reference, the author has provided definitions for standard abbreviations and equations as well as tables of SI (International System of Units) units, measurements, and schematic symbols Modern Dictionary of Electronics is the bible of technology reference for readers around the world. Now fully updated by the original author, this essential, comprehensive reference book should be in the library of every engineer, technician, technical writer, hobbyist, and student.
    Anmerkung: Online resource; Title from title page (viewed August 11, 1999)
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  • 2
    Online-Ressource
    Online-Ressource
    [Erscheinungsort nicht ermittelbar] : Center for Creative Leadership | Boston, MA : Safari
    Sprache: Englisch
    Seiten: 1 online resource (8 pages)
    Schlagwort(e): Electronic books ; local
    Kurzfassung: Expatriate assignments increase the talent pool from which the future senior leaders of the organization can be selected.
    Anmerkung: Online resource; Title from title page (viewed August 1, 1999)
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  • 3
    Sprache: Englisch
    Seiten: 1 online resource (5 pages)
    Schlagwort(e): Electronic books ; local
    Kurzfassung: Many women perceived that their organizations defined success narrowly, focusing on performance and on measurements such as meeting financial or production goals.
    Anmerkung: Online resource; Title from title page (viewed March 1, 1999)
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  • 4
    Online-Ressource
    Online-Ressource
    [Erscheinungsort nicht ermittelbar] : Center for Creative Leadership | Boston, MA : Safari
    Sprache: Englisch
    Seiten: 1 online resource (2 pages)
    Ausgabe: 1st edition
    Schlagwort(e): Electronic books ; local
    Kurzfassung: Good feedback helps me understand what exactly I did and what impact it had on the observer.
    Anmerkung: Online resource; Title from title page (viewed January 1, 1999)
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  • 5
    Online-Ressource
    Online-Ressource
    [Erscheinungsort nicht ermittelbar] : Center for Creative Leadership | Boston, MA : Safari
    Sprache: Englisch
    Seiten: 1 online resource (1 pages)
    Ausgabe: 1st edition
    Schlagwort(e): Electronic books ; local
    Kurzfassung: Intel chairman Andrew Grove, I believe, is driven by a singular, complex element, fundamental to his character, that makes not winning absolutely unacceptable.
    Anmerkung: Online resource; Title from title page (viewed January 1, 1999)
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  • 6
    Online-Ressource
    Online-Ressource
    [Erscheinungsort nicht ermittelbar] : Center for Creative Leadership | Boston, MA : Safari
    Sprache: Englisch
    Seiten: 1 online resource (2 pages)
    Ausgabe: 1st edition
    Schlagwort(e): Electronic books ; local
    Kurzfassung: David Campbell finds 67 rules to live by on Wall Street.
    Anmerkung: Online resource; Title from title page (viewed March 1, 1999)
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  • 7
    Online-Ressource
    Online-Ressource
    [Erscheinungsort nicht ermittelbar] : Center for Creative Leadership | Boston, MA : Safari
    Sprache: Englisch
    Seiten: 1 online resource (1 pages)
    Ausgabe: 1st edition
    Schlagwort(e): Electronic books ; local
    Kurzfassung: A leadership philosophy is a well-defined statement about the assumptions on which the leader provides daily direction to and for the organization
    Anmerkung: Online resource; Title from title page (viewed August 1, 1999)
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  • 8
    Online-Ressource
    Online-Ressource
    [Erscheinungsort nicht ermittelbar] : Center for Creative Leadership | Boston, MA : Safari
    Sprache: Englisch
    Seiten: 1 online resource (3 pages)
    Schlagwort(e): Electronic books ; local
    Kurzfassung: Despite the great interest in high performance, there is no widely accepted definition of what a high performance work organization is. Instead of our looking at what it is, perhaps it would be better to define a high-performance work organization by what it does.
    Anmerkung: Online resource; Title from title page (viewed June 1, 1999)
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  • 9
    Online-Ressource
    Online-Ressource
    [Erscheinungsort nicht ermittelbar] : Center for Creative Leadership | Boston, MA : Safari
    Sprache: Englisch
    Seiten: 1 online resource (2 pages)
    Ausgabe: 1st edition
    Schlagwort(e): Electronic books ; local
    Kurzfassung: The following strategies and action steps can be used to help a smart person improve his or her interpersonal behaviors.
    Anmerkung: Online resource; Title from title page (viewed January 1, 1999)
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  • 10
    Online-Ressource
    Online-Ressource
    [Erscheinungsort nicht ermittelbar] : Center for Creative Leadership | Boston, MA : Safari
    Sprache: Englisch
    Seiten: 1 online resource (6 pages)
    Schlagwort(e): Electronic books ; local
    Kurzfassung: A level of personal trust must come before there can be a real conversation about race.
    Anmerkung: Online resource; Title from title page (viewed June 1, 1999)
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  • 11
    Online-Ressource
    Online-Ressource
    [Erscheinungsort nicht ermittelbar] : Center for Creative Leadership | Boston, MA : Safari
    Sprache: Englisch
    Seiten: 1 online resource (2 pages)
    Schlagwort(e): Electronic books ; local
    Kurzfassung: It appears that distance technology can effectively support the one-on one feedback needed for leadership development programs.
    Anmerkung: Online resource; Title from title page (viewed January 1, 1999)
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  • 12
    Online-Ressource
    Online-Ressource
    [Erscheinungsort nicht ermittelbar] : Center for Creative Leadership | Boston, MA : Safari
    Sprache: Englisch
    Seiten: 1 online resource (1 pages)
    Schlagwort(e): Electronic books ; local
    Kurzfassung: The more proactive the leader in creating, sustaining, and communicating the vision, the more effectively he or she can close value gaps.
    Anmerkung: Online resource; Title from title page (viewed March 1, 1999)
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  • 13
    Online-Ressource
    Online-Ressource
    [Erscheinungsort nicht ermittelbar] : Center for Creative Leadership | Boston, MA : Safari
    Sprache: Englisch
    Seiten: 1 online resource (2 pages)
    Ausgabe: 1st edition
    Schlagwort(e): Electronic books ; local
    Kurzfassung: At CCL, we recommend that organizations do an audit to discover how their current practices, cultures, and environments affect leadership development.
    Anmerkung: Online resource; Title from title page (viewed August 1, 1999)
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  • 14
    Online-Ressource
    Online-Ressource
    [Erscheinungsort nicht ermittelbar] : Center for Creative Leadership | Boston, MA : Safari
    Sprache: Englisch
    Seiten: 1 online resource (7 pages)
    Ausgabe: 1st edition
    Schlagwort(e): Electronic books ; local
    Kurzfassung: In order to bring your full resources to bear on leadership challenges, your personal life and work life must be well integrated, and this will likely require you to make changes in both.
    Anmerkung: Online resource; Title from title page (viewed January 1, 1999)
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  • 15
    Online-Ressource
    Online-Ressource
    [Erscheinungsort nicht ermittelbar] : Center for Creative Leadership | Boston, MA : Safari
    Sprache: Englisch
    Seiten: 1 online resource (1 pages)
    Schlagwort(e): Electronic books ; local
    Kurzfassung: Learning from experience involves, among other things, the ability to anticipate and to recognize when new behaviors, skills, and attitudes are required and to see when current approaches are not working (Van Velsor and Guthrie, 1998).
    Anmerkung: Online resource; Title from title page (viewed March 1, 1999)
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  • 16
    Online-Ressource
    Online-Ressource
    [Erscheinungsort nicht ermittelbar] : Center for Creative Leadership | Boston, MA : Safari
    Sprache: Englisch
    Seiten: 1 online resource (6 pages)
    Schlagwort(e): Electronic books ; local
    Kurzfassung: Including people who will be working with the new executive on the selection team gives them a personal stake in his or her success.
    Anmerkung: Online resource; Title from title page (viewed June 1, 1999)
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  • 17
    Online-Ressource
    Online-Ressource
    [Erscheinungsort nicht ermittelbar] : Center for Creative Leadership | Boston, MA : Safari
    Sprache: Englisch
    Seiten: 1 online resource (5 pages)
    Schlagwort(e): Electronic books ; local
    Kurzfassung: The end of the Cold War created unique opportunities for institutional global leadership.
    Anmerkung: Online resource; Title from title page (viewed January 1, 1999)
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  • 18
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    Online-Ressource
    [Erscheinungsort nicht ermittelbar] : Academic Press | Boston, MA : Safari
    ISBN: 9780123976307
    Sprache: Englisch
    Seiten: 1 online resource (453 pages)
    Ausgabe: 1st edition
    Schlagwort(e): Electronic books ; local ; Electronic books
    Kurzfassung: This book covers the device physics of semiconductor lasers in five chapters written by recognized experts in this field. The volume begins by introducing the basic mechanisms of optical gain in semiconductors and the role of quantum confinement in modern quantum well diode lasers. Subsequent chapters treat the effects of built-in strain, one of the important recent advances in the technology of these lasers, and the physical mechanisms underlying the dynamics and high speed modulation of these devices. The book concludes with chapters addressing the control of photon states in squeezed-light and microcavity structures, and electron states in low dimensional quantum wire and quantum dot lasers. The book offers useful information for both readers unfamiliar with semiconductor lasers, through the introductory parts of each chapter, as well as a state-of-the-art discussion of some of the most advanced semiconductor laser structures, intended for readers engaged in research in this field. This book may also serve as an introduction for the companion volume, Semiconductor Lasers II: Materials and Structures , which presents further details on the different material systems and laser structures used for achieving specific diode laser performance features. Introduces the reader to the basics of semiconductor lasers Covers the fundamentals of lasing in semiconductors, including quantum confined and microcavity structures Beneficial to readers interested in the more general aspects of semiconductor physics and optoelectronic devices, such as quantum confined heterostructures and integrated optics Each chapter contains a thorough introduction to the topic geared toward the non-expert, followed by an in-depth discussion of current technology and future trends Useful for professionals engaged in research and development Contains numerous schematic and data-containing illustrations
    Anmerkung: Online resource; Title from title page (viewed January 12, 1999) , Mode of access: World Wide Web.
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  • 19
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    Online-Ressource
    [Erscheinungsort nicht ermittelbar] : Cisco Press | Boston, MA : Safari
    Sprache: Englisch
    Seiten: 1 online resource (432 pages)
    Ausgabe: 1st edition
    Schlagwort(e): Electronic books ; local
    Kurzfassung: Learn how to manage and deploy the latest IP services in Cisco-centric networks. Understand VPN security concepts: confidentiality, integrity, origin authentication, non-repudiation, anti-replay, perfect forward secrecy Deploy quality of service technologies to protect your mission-critical applications Find out how IPsec technology works and how to configure it in IOS Learn how to set up a router as a firewall and intrusion detection system Gain efficient use of your IP address space with NAT, VLSM, IP unnumbered Solve real-world routing problems with redistribution, route filtering, summarization, policy routing Enable authentication, authorization, and accounting (AAA) security services wih RADIUS and TACACS+ servers Enhanced IP Services for Cisco Networks is a guide to the new enabling and advanced IOS services that build more scalable, intelligent, and secure networks. You will learn the technical details necessary to deploy quality of service and VPN technologies, as well as improved security and advanced routing features. These services will allow you to securely extend the network to new frontiers, protect your network from attacks, and enhance network transport with application-level prioritization. This book offers a practical guide to implementing IPsec, the IOS Firewall, and IOS Intrusion Detection System. Also included are advanced routing principles and quality of service features that focus on improving the capability of your network. A good briefing on cryptography fully explains the science that makes VPNs possible. Rather than being another routing book, this is a guide to improving your network's capabilities by understanding and using the sophisticated features available to you in Cisco's IOS software
    Anmerkung: Online resource; Title from title page (viewed September 23, 1999) , Mode of access: World Wide Web.
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  • 20
    Online-Ressource
    Online-Ressource
    [Erscheinungsort nicht ermittelbar] : Newnes | Boston, MA : Safari
    ISBN: 9780750696555
    Sprache: Englisch
    Seiten: 1 online resource (240 pages)
    Ausgabe: 1st edition
    Schlagwort(e): Electronic books ; local ; Electronic books
    Kurzfassung: Simplified Design of Filter Circuits , the eighth book in this popular series, is a step-by-step guide to designing filters using off-the-shelf ICs. The book starts with the basic operating principles of filters and common applications, then moves on to describe how to design circuits by using and modifying chips available on the market today. Lenk's emphasis is on practical, simplified approaches to solving design problems. Contains practical designs using off-the-shelf ICs Straightforward, no-nonsense approach Highly illustrated with manufacturer's data sheets
    Anmerkung: Online resource; Title from title page (viewed August 4, 1999)
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  • 21
    Online-Ressource
    Online-Ressource
    [Erscheinungsort nicht ermittelbar] : Center for Creative Leadership | Boston, MA : Safari
    Sprache: Englisch
    Seiten: 1 online resource (5 pages)
    Ausgabe: 1st edition
    Schlagwort(e): Electronic books ; local
    Kurzfassung: Leadership development should continue long beyond a program experience.
    Anmerkung: Online resource; Title from title page (viewed January 1, 1999)
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  • 22
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    [Erscheinungsort nicht ermittelbar] : Focal Press | Boston, MA : Safari
    Sprache: Englisch
    Seiten: 1 online resource (349 pages)
    Ausgabe: 1st edition
    Schlagwort(e): Electronic books ; local
    Kurzfassung: Provides the practical techniques and theoretical knowledge that underpin the fundamental skills of a journalist. It also takes a highly modern approach, as the convergence of broadcast, print and online media require the learning of new skills and methods. The book is written from an international perspective - with examples from around the world in recognition of the global marketplace for today's media. This is an essential text for students on journalism courses and professionals looking for a reference that covers the skill, technology and knowledge required for a digital and converged media age. The book's essence lies in the way essential theories such as ethics and law, are woven into practical newsgathering and reporting techniques, as well as advice on management skills for journalists, providing the wide intellectual foundation which gives credibility to reporting.
    Anmerkung: Online resource; Title from title page (viewed November 3, 1999)
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  • 23
    Online-Ressource
    Online-Ressource
    [Erscheinungsort nicht ermittelbar] : Focal Press | Boston, MA : Safari
    Sprache: Englisch
    Seiten: 1 online resource (148 pages)
    Ausgabe: 2nd edition
    Schlagwort(e): Electronic books ; local
    Kurzfassung: Now fully updated to reflect the latest advances, the second edition of Basics of Video Sound is a primer for anyone wishing to learn about recording sound. It describes the principles and processes involved in obtaining professional results in educational, training and corporate environments. Assuming little prior knowledge, this book covers everything from how to choose a microphone and obtain the best quality recordings, to editing the results for the final screening. It features: · the latest advances in the use of disc and minidisc systems, computer based editing in audio post production · coverage of studio and location work · descriptions of the role of each crew member · full explanations of technical terms · health and safety precautions · practical advice on the equipment available and how to use it Basics of Video Sound aims to provide the reader with a rapid understanding of what is actually a complex process, without getting too bogged down in technical terms. It is equipment non-specific and references to technical matters are only included where necessary to understanding, for example a short explanation of the electricity and physics that is needed in order to become a good sound recordist.
    Anmerkung: Online resource; Title from title page (viewed May 17, 1999)
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  • 24
    Online-Ressource
    Online-Ressource
    [Erscheinungsort nicht ermittelbar] : Que | Boston, MA : Safari
    Sprache: Englisch
    Seiten: 1 online resource (528 pages)
    Ausgabe: 1st edition
    Schlagwort(e): Electronic books ; local
    Kurzfassung: XML by Example teaches Web developers to make the most of XML with short, self-contained examples every step of the way. The book presumes knowledge of HTML, the Web, Web scripting, and covers such topics as: Document Type Definitions, Namespaces, Parser Debugging, XSL (Extensible Stylesheet Language), and DOM and SAX APIs. At the end, developers will review the concepts taught in the book by building a full, real-world e-commerce application.
    Anmerkung: Online resource; Title from title page (viewed December 14, 1999) , Mode of access: World Wide Web.
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  • 25
    Online-Ressource
    Online-Ressource
    [Erscheinungsort nicht ermittelbar] : Newnes | Boston, MA : Safari
    ISBN: 9780750698696
    Sprache: Englisch
    Seiten: 1 online resource (256 pages)
    Ausgabe: 1st edition
    Schlagwort(e): Electronic books ; local ; Electronic books
    Kurzfassung: Art of Designing Embedded Systems is apart primer and part reference, aimed at practicing embedded engineers, whether working on the code or the hardware design. Embedded systems suffer from a chaotic, ad hoc development process. This books lays out a very simple seven-step plan to get firmware development under control. There are no formal methodologies to master; the ideas are immediately useful. Most designers are unaware that code complexity grows faster than code size. This book shows a number of ways to linearize the complexity/size curve and get products out faster. Ganssle shows ways to get better code and hardware designs by integrating hardware and software design. He also covers troubleshooting, real time and performance issues, relations with bosses and coworkers, and tips for building an environment for creative work. Get better systems out faster, using the practical ideas discussed in Art of Designing Embedded Systems. Whether you're working with hardware or software, this book offers a unique philosophy of development guaranteed to keep you interested and learning. * Practical advice from a well-respected author * Common-sense approach to better, faster design * Integrated hardware/software
    Anmerkung: Online resource; Title from title page (viewed November 26, 1999) , Mode of access: World Wide Web.
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  • 26
    Online-Ressource
    Online-Ressource
    [Erscheinungsort nicht ermittelbar] : Newnes | Boston, MA : Safari
    ISBN: 9780750641944
    Sprache: Englisch
    Seiten: 1 online resource (503 pages)
    Ausgabe: 3rd edition
    Schlagwort(e): Electronic books ; local ; Electronic books
    Kurzfassung: This well-known book is an essential tool for every service engineer, and an extremely useful reference source for a wide range of engineers, students, sales and installation staff. It presents a wide range of data and key information in a compact form, covering television reception, satellite and cable television, video recorders, colour camera technology, teletext, sound systems, fault-finding procedures and much more. The new edition has been thoroughly updated to include digital and other new technologies, with new chapters on digital camcorders and VCRs, digital television, Dolby sound systems, and home cinema. Eugene Trundle is well known as a contributor to Television and other magazines, and as author of a number of books on servicing and TV technology. He also works in the servicing industry, so his writing is based on hands-on experience. Well known and essential tool for every service engineer Contains wide range of data and essential information in a compact formThoroughly updated to cover the latest technology such as digital TV and video technology
    Anmerkung: Online resource; Title from title page (viewed October 5, 1999)
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  • 27
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    Online-Ressource
    [Erscheinungsort nicht ermittelbar] : Center for Creative Leadership | Boston, MA : Safari
    Sprache: Englisch
    Seiten: 1 online resource (2 pages)
    Ausgabe: 1st edition
    Schlagwort(e): Electronic books ; local
    Kurzfassung: Optimists explain bad events in less permanent, pervasive, and personal terms than pessimists do.
    Anmerkung: Online resource; Title from title page (viewed January 1, 1999)
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  • 28
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    Online-Ressource
    [Erscheinungsort nicht ermittelbar] : Newnes | Boston, MA : Safari
    ISBN: 9780750639026
    Sprache: Englisch
    Seiten: 1 online resource (416 pages)
    Ausgabe: 1st edition
    Schlagwort(e): Electronic books ; local ; Electronic books
    Kurzfassung: Environmental Requirements for Electromechanical and Electrical Equipment is the definitive reference containing all of the background guidance, typical ranges, details of recommended test specifications, case studies and regulations covering the environmental requirements on designers and manufacturers of electrical and electromechanical equipment worldwide. The recent introduction of the European EMC directive is just one aspect of the requirements placed upon manufacturers and designers of electrical equipment. There are numerous national and international standards and specifications that describe the application environment in which equipment must function. Factors that must be taken into account include temperature, solar radiation, humidity, pressure, weather and the effects of water and salt, pollutants and contaminants, mechanical stresses and vibration, ergonomic considerations, electrical safety including EMC, reliability and performance. A broad range of standard tests exist which must be passed by equipment if it is to fulfil the requirements placed upon it. Ray Tricker is the author of a number of books describing the regulatory framework within which the electronics and electrical equipment industry must function, including Quality and Standards in Electronics, also published by Newnes. This latest volume will give the designer or manufacturer a first point of reference when negotiating the minefield that is the global market for their products. Companion to 'Quality and Standards in Electronics' Covers essential tests and regulations for equipment designers and manufacturers Likely to be of interest to major companies worldwide
    Anmerkung: Online resource; Title from title page (viewed January 25, 1999)
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  • 29
    Online-Ressource
    Online-Ressource
    [Erscheinungsort nicht ermittelbar] : Center for Creative Leadership | Boston, MA : Safari
    Sprache: Englisch
    Seiten: 1 online resource (3 pages)
    Ausgabe: 1st edition
    Schlagwort(e): Electronic books ; local
    Kurzfassung: Leaders need to create environments in which obstacles to feedback from subordinates are removed.
    Anmerkung: Online resource; Title from title page (viewed January 1, 1999)
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  • 30
    Online-Ressource
    Online-Ressource
    [Erscheinungsort nicht ermittelbar] : Center for Creative Leadership | Boston, MA : Safari
    Sprache: Englisch
    Seiten: 1 online resource (4 pages)
    Schlagwort(e): Electronic books ; local
    Kurzfassung: David Campbell reflect on being at CCL for twenty-five years
    Anmerkung: Online resource; Title from title page (viewed January 1, 1999)
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  • 31
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    [Erscheinungsort nicht ermittelbar] : Academic Press | Boston, MA : Safari
    Sprache: Englisch
    Seiten: 1 online resource (306 pages)
    Ausgabe: 1st edition
    Schlagwort(e): Electronic books ; local
    Kurzfassung: Intended a both a textbook and a reference, Fourier Acoustics develops the theory of sound radiation uniquely from the viewpoint of Fourier Analysis. This powerful perspective of sound radiation provides the reader with a comprehensive and practical understanding which will enable him or her to diagnose and solve sound and vibration problems in the 21st Century. As a result of this perspective, Fourier Acoustics is able to present thoroughly and simply, for the first time in book form, the theory of nearfield acoustical holography, an important technique which has revolutionised the measurement of sound. Relying little on material outside the book, Fourier Acoustics will be invaluable as a graduate level text as well as a reference for researchers in academia and industry.
    Anmerkung: Online resource; Title from title page (viewed June 10, 1999)
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  • 32
    Online-Ressource
    Online-Ressource
    [Erscheinungsort nicht ermittelbar] : Newnes | Boston, MA : Safari
    ISBN: 9780750635455
    Sprache: Englisch
    Seiten: 1 online resource (369 pages)
    Ausgabe: 2nd edition
    Schlagwort(e): Electronic books ; local ; Electronic books
    Kurzfassung: Managers, engineers and technicians will use this book during industrial construction of electronics assemblies, whilst students can use the book to get a grasp of the variety of methods available, together with a discussion of technical concerns. It includes over 200 illustrations, including a photographic guide to defects, and contains many line drawings, tables and flow charts to illustrate the subject of electronics assembly. Soldering in Electronics Assembly looks theoretically at everything needed in a detailed study, but in a practical manner. It examines the soldering processes in the light of electronic assembly type; solder; flux; and cleaning requirements. It has information on every available process, from the most basic hand soldering through to latest innovatory ones such as inert atmosphere wave soldering and zoned forced convection infra-red machines. The book provides a detailed analysis of solder and soldering action; purpose of flux and relevant flux types for any application; classification of assembly variants; assessment and maintenance of solderability. There is also a detailed analysis of soldering process defects and causes. In addition, Soldering in Electronics Assembly contains a new chapter on Ball Grid Array (BGA) technology. A practical guide for the industry covering all the main soldering processes currently in use Cleaning, faults, troubleshooting and standards are all major topics Considers safety and solder process quality assessment
    Anmerkung: Online resource; Title from title page (viewed March 26, 1999) , Mode of access: World Wide Web.
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  • 33
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    Online-Ressource
    [Erscheinungsort nicht ermittelbar] : O'Reilly Media, Inc. | Boston, MA : Safari
    Sprache: Englisch
    Seiten: 1 online resource (200 pages)
    Ausgabe: 1st edition
    Schlagwort(e): Electronic books ; local
    Kurzfassung: Embedded software is in almost every electronic device designed today. There is software hidden away inside our watches, microwaves, VCRs, cellular telephones, and pagers; the military uses embedded software to guide smart missiles and detect enemy aircraft; communications satellites, space probes, and modern medicine would be nearly impossible without it. Of course, someone has to write all that software, and there are thousands of computer scientists, electrical engineers, and other professionals who actually do. Each embedded system is unique and highly customized to the application at hand. As a result, embedded systems programming is a widely varying field that can take years to master. However, if you have some programming experience and are familiar with C or C++, you're ready to learn how to write embedded software. The hands-on, no-nonsense style of this book will help you get started by offering practical advice from someone who's been in your shoes and wants to help you learn quickly. The techniques and code examples presented here are directly applicable to real-world embedded software projects of all sorts. Even if you've done some embedded programming before, you'll still benefit from the topics in this book, which include: Testing memory chips quickly and efficiently Writing and erasing Flash memory Verifying nonvolatile memory contents with CRCs Interfacing to on-chip and external peripherals Device driver design and implementation Optimizing embedded software for size and speed So whether you're writing your first embedded program, designing the latest generation of hand-held whatchamacalits, or simply managing the people who do, this book is for you.
    Anmerkung: Online resource; Title from title page (viewed January 30, 1999)
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  • 34
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    [Erscheinungsort nicht ermittelbar] : Center for Creative Leadership | Boston, MA : Safari
    Sprache: Englisch
    Seiten: 1 online resource (5 pages)
    Schlagwort(e): Electronic books ; local
    Kurzfassung: Team leadership has three essential functions: direction, design, and development.
    Anmerkung: Online resource; Title from title page (viewed March 1, 1999)
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  • 35
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    [Erscheinungsort nicht ermittelbar] : Center for Creative Leadership | Boston, MA : Safari
    Sprache: Englisch
    Seiten: 1 online resource (2 pages)
    Schlagwort(e): Electronic books ; local
    Kurzfassung: To be a good leader, look for answers in unusual places.
    Anmerkung: Online resource; Title from title page (viewed January 1, 1999)
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  • 36
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    [Erscheinungsort nicht ermittelbar] : Center for Creative Leadership | Boston, MA : Safari
    Sprache: Englisch
    Seiten: 1 online resource (1 pages)
    Ausgabe: 1st edition
    Schlagwort(e): Electronic books ; local
    Kurzfassung: There are instances when a single act establishes someone as an effective or ineffective leader, when the leader does or says something that makes a lasting impression on people and deeply affects those involved.
    Anmerkung: Online resource; Title from title page (viewed August 1, 1999)
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  • 37
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    Online-Ressource
    [Erscheinungsort nicht ermittelbar] : Center for Creative Leadership | Boston, MA : Safari
    Sprache: Englisch
    Seiten: 1 online resource (3 pages)
    Ausgabe: 1st edition
    Schlagwort(e): Electronic books ; local
    Kurzfassung: Leadership is co-created as individuals relate as partners and develop a shared vision.
    Anmerkung: Online resource; Title from title page (viewed August 1, 1999)
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  • 38
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    [Erscheinungsort nicht ermittelbar] : Newnes | Boston, MA : Safari
    ISBN: 9780750699938
    Sprache: Englisch
    Seiten: 1 online resource (340 pages)
    Ausgabe: 1st edition
    Schlagwort(e): Electronic books ; local ; Electronic books
    Kurzfassung: Environmentally safe engineering is one of the hottest and most controversial topics in technical circles. Though many publications offer theory and intellectual discussion of the topic, this book provides practical, hands-on advice including hints and tips from the nation's top engineers. Green Electronics/Green Bottom Line offers practical advice for engineers and managers who want or need to incorporate environmental issues into the design process. The emerging discipline of Design for the Environment (DfE) combines engineering know-how with environmental awareness. Topics include international policy issues such as ISO 14000, materials selection (e.g., for recyclability), manufacturing concerns like no-flux processes, and design issues such as power consumption. Real-world cases show how these elements can be included in everyday designs. Each chapter opens with a topical cartoon and lively story, interview or editorial. The discussion will then move to specific engineering issues and their economic and social context. The last section explores larger possibilities and new directions still to be explored by engineers concerned with education, health, and environmental quality. Contributors include engineers from Motorola, Analog Devices, Dupont, Compaq, Nortel, AMD, and Apple Computer, and academics from universities in the US, Canada, the UK, and Europe, as well as the Rocky Mountain Institute. An everyday guide to environmentally sound electronics design Contributors include top engineers from the biggest electronics manufacturers and most prestigious universities Real-world cases illustrate topics giving concepts the reader can apply immediately
    Anmerkung: Online resource; Title from title page (viewed November 5, 1999) , Mode of access: World Wide Web.
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  • 39
    Online-Ressource
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    Charlottesville, Va : University of Virginia Library
    ISBN: 0585219680 , 9780585219684
    Sprache: Englisch
    Serie: EBSCOhost eBook Collection
    Schlagwort(e): Shipwreck victims Fiction ; Shipwreck victims Fiction ; Electronic books ; Adventure fiction ; Shipwreck victims Fiction. ; Adventure fiction ; Electronic books. ; Adventure fiction. ; Electronic books Fiction ; Adventure fiction
    Anmerkung: The text for this NetLibrary eBook was obtained from the University of Virginia Library Electronic Text Center , Access may be limited to NetLibrary affiliated libraries , Mode of access: World Wide Web.
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  • 40
    Online-Ressource
    Online-Ressource
    Charlottesville, Va : University of Virginia Library
    ISBN: 0585233403 , 9780585233406
    Sprache: Englisch
    Serie: EBSCOhost eBook Collection
    Schlagwort(e): Thanet, Octave 1850-1934 Criticism and interpretation ; Thanet, Octave 1850-1934 ; Thanet, Octave Criticism and interpretation ; Thanet, Octave, Criticism and interpretation. ; Electronic books ; Thanet, Octave ; Criticism and interpretation ; Electronic books. ; Electronic books
    Anmerkung: The text for this NetLibrary eBook was obtained from the University of Virginia Library Electronic Text Center , Access may be limited to NetLibrary affiliated libraries , Mode of access: World Wide Web.
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  • 41
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    [Erscheinungsort nicht ermittelbar] : Academic Press | Boston, MA : Safari
    Sprache: Englisch
    Seiten: 1 online resource (428 pages)
    Ausgabe: 1st edition
    Schlagwort(e): Electronic books ; local
    Kurzfassung: Microcomputer technology and micromechanical design have contributed to recent rapid advances in Robotics. Particular advances have been made in sensor technology that allow robotic systems to gather data and react "intelligently" in flexible manufacturing systems. The analysis and recording of the data are vital to controlling the robot. In order to solve problems in control and planning for a Robotic system it is necessary to meet the growing need for the integration of sensors in to the system. Control in Robotics and Automation addresses this need. This book covers integration planning and control based on prior knowledge and real-time sensory information. A new task-oriented approach to sensing, planning and control introduces an event-based method for system design together with task planning and three dimensional modeling in the execution of remote operations. Typical remote systems are teleoperated and provide work efficiencies that are on the order of ten times slower than what is directly achievable by humans. Consequently, the effective integration of automation into teleoperated remote systems offers potential to improve remote system work efficiency. The authors introduce visually guided control systems and study the role of computer vision in autonomously guiding a robot system. * Sensor-Based Planning and Control in an Event-Based Approach * Visually Guided Sensing and Control * Multiple Sensor Fuson in Planning and Control * System Integration and Implementation * Practical Applications
    Anmerkung: Online resource; Title from title page (viewed March 24, 1999) , Mode of access: World Wide Web.
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  • 42
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    [Erscheinungsort nicht ermittelbar] : HRD Press | Boston, MA : Safari
    Sprache: Englisch
    Seiten: 1 online resource (300 pages)
    Ausgabe: 1st edition
    Schlagwort(e): Electronic books ; local
    Kurzfassung: Part of our best-selling 50 Activities series! Comes complete with learning objectives, facilitator guidance, and reproducible materials. Training Objectives: Help individual's determine their conflict resolution style Determine the role conflict plays in the workplace Improve interpersonal communication in the workplace Help individuals overcome concerns about conflict. Training Methods: Interactive exercises Role plays Self-assessments Mini case studies Self-reflection exercises. Activities take between 5 and 50 minutes to complete.
    Anmerkung: Online resource; Title from title page (viewed January 1, 1999) , Mode of access: World Wide Web.
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  • 43
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    [Erscheinungsort nicht ermittelbar] : Academic Press | Boston, MA : Safari
    Sprache: Englisch
    Seiten: 1 online resource (368 pages)
    Ausgabe: 1st edition
    Schlagwort(e): Electronic books ; local
    Kurzfassung: This book is aimed at faculty, postgraduate students and industry specialists. It is both a text reference and a textbook that reviews and analyses the research output in this field of binary image processing. It is aimed at both advanced researchers as well as educating the novice to this area. The theoretical part of this book includes the basic principles required for binary digital image analysis. The practical part which will take an algorithmic approach addresses problems which find applications beyond binary digital line image processing. The book first outlines the theoretical framework underpinning the study of digital image processing with particular reference to those needed for line image processing. The theoretical tools in the first part of the book set the stage for the second and third parts, where low-level binary image processing is addressed and then intermediate level processing of binary line images is studied. The book concludes with some practical applications of this work by reviewing some industrial and software applications (engineering drawing storage and primitive extraction, fingerprint compression). The book: * outlines the theoretical framework underpinning the study of digital image processing with particular reference to binary line image processing * addresses low-level binary image processing, reviewing a number of essential characteristics of binary digital images and providing solution procedures and algorithms * includes detailed reviews of topics in binary digital image processing with up-to-date research references in relation to each of the problems under study * includes some practical applications of this work by reviewing some common applications * covers a range of topics, organised by theoretical field rather than being driven by problem definitions
    Anmerkung: Online resource; Title from title page (viewed December 16, 1999) , Mode of access: World Wide Web.
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  • 44
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    [Erscheinungsort nicht ermittelbar] : Peachpit Press | Boston, MA : Safari
    ISBN: 0201354519
    Sprache: Englisch
    Seiten: 1 online resource (336 pages)
    Ausgabe: 3rd edition
    Schlagwort(e): Electronic books ; local
    Kurzfassung: Popular among home and business users alike, CorelDRAW is a complete set of tools for creating drawings, illustrations, and multipage documents. With version 9's powerful new features and redesigned interface, you can produce anything from birthday cards to design plans to Web sites. Whether you've depended on CorelDRAW for years or have never used an art program before, you'll find exactly what you need to get right to work in CorelDRAW 9 for Windows: Visual QuickStart Guide. The book is divided into concise, clearly tabbed sections, each of which builds on previously discussed topics. Thanks to its step-by-step instructions and bountiful screenshots, newcomers to the program will be up and drawing right away. And CorelDRAW veterans will find CorelDRAW 9: VQS a handy reference guide to learning the latest features and discovering new techniques for creating amazing effects.
    Anmerkung: Online resource; Title from title page (viewed July 6, 1999) , Mode of access: World Wide Web.
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  • 45
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    Online-Ressource
    Charlottesville, Va : University of Virginia Library
    ISBN: 0585190925 , 9780585190921
    Sprache: Englisch
    Serie: EBSCOhost eBook Collection
    Schlagwort(e): Silver mines and mining Fiction ; American fiction ; Silver mines and mining Fiction ; Electronic books ; Silver mines and mining Fiction. ; Owens Lake (Inyo County, Calif.) Fiction ; Owens Lake (Inyo County, Calif.) Fiction ; California ; Owens Lake (Inyo County) ; Owens Lake (Inyo County, Calif.) Fiction ; Owens Lake (Inyo County, Calif.) Fiction. ; Electronic books. ; American fiction ; American fiction ; American fiction. ; Electronic books American fiction ; Fiction
    Anmerkung: The text for this NetLibrary eBook was obtained from the University of Virginia Library Electronic Text Center , Access may be limited to NetLibrary affiliated libraries , Mode of access: World Wide Web.
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  • 46
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    Charlottesville, Va : University of Virginia Library
    ISBN: 058521476X , 9780585214764
    Sprache: Englisch
    Serie: EBSCOhost eBook Collection
    Schlagwort(e): Paiute Indians Fiction ; American fiction ; Paiute Indians Fiction ; Electronic books ; Paiute Indians Fiction. ; Electronic books. ; American fiction ; American fiction ; American fiction. ; Electronic books Fiction ; American fiction
    Anmerkung: The text for this NetLibrary eBook was obtained from the University of Virginia Library Electronic Text Center , Access may be limited to NetLibrary affiliated libraries , Mode of access: World Wide Web.
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  • 47
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    Online-Ressource
    Charlottesville, Va : University of Virginia Library
    ISBN: 0585233608 , 9780585233604
    Sprache: Englisch
    Serie: EBSCOhost eBook Collection
    Schlagwort(e): Mothers and sons Fiction ; Mothers and sons Fiction ; Electronic books ; Allegories ; Mothers and sons Fiction. ; Allegories ; Electronic books. ; Allegories. ; Electronic books Fiction ; Allegories
    Anmerkung: The text for this NetLibrary eBook was obtained from the University of Virginia Library Electronic Text Center , Access may be limited to NetLibrary affiliated libraries , Mode of access: World Wide Web.
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  • 48
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    [Erscheinungsort nicht ermittelbar] : Newnes | Boston, MA : Safari
    Sprache: Englisch
    Seiten: 1 online resource (312 pages)
    Ausgabe: 1st edition
    Schlagwort(e): Electronic books ; local
    Kurzfassung: This is a guide for the system designers and installers faced with the day-to-day issues of achieving EMC, and will be found valuable across a wide range of roles and sectors, including process control, manufacturing, medical, IT and building management. The EMC issues covered will also make this book essential reading for product manufacturers and suppliers - and highly relevant for managers as well as technical staff. The authors' approach is thoroughly practical - all areas of installation EMC are covered, with particular emphasis on cabling and earthing. Students on MSc and CPD programmes will also find in this book some valuable real-world antidotes to the academic treatises. The book is presented in two parts: the first is non-technical, and looks at the need for EMC in the context of systems and installations, with a chapter on the management aspects of EMC. The second part covers the technical aspects of EMC, looking at the various established methods which can be applied to ensure compatibility, and setting these in the context of the new responsibilities facing system builders. EMC for Systems and Installations is designed to complement Tim Williams' highly successful EMC for Product Designers. Practical guide to EMC design issues for those involved in systems design and installation Complementary title to Williams' bestselling EMC for Product Designers Unique guidance for installers on EMC topics
    Anmerkung: Online resource; Title from title page (viewed December 6, 1999) , Mode of access: World Wide Web.
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  • 49
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    Online-Ressource
    [Erscheinungsort nicht ermittelbar] : Academic Press | Boston, MA : Safari
    Sprache: Englisch
    Seiten: 1 online resource (561 pages)
    Ausgabe: 1st edition
    Schlagwort(e): Electronic books ; local
    Kurzfassung: DSP Integrated Circuits establishes the essential interface between theory of digital signal processing algorithms and their implementation in full-custom CMOS technology. With an emphasis on techniques for co-design of DSP algorithms and hardware in order to achieve high performance in terms of throughput, low power consumption, and design effort, this book provides the professional engineer, researcher, and student with a firm foundation in the theoretical as well as the practical aspects of designing high performance DSP integrated circuits. Centered around three design case studies, DSP Integrated Circuits thoroughly details a high-performance FFT processor, a 2-D Discrete Cosine Transform for HDTV, and a wave digital filter for interpolation of the sampling frequency. The case studies cover the essential parts of the design process in a top-down manner, from specification of algorithm design and optimization, scheduling of operations, synthesis of optimal architectures, realization of processing elements, to the floor-planning of the integrated circuit. Details the theory and design of digital filters - particularly wave digital filters, multi-rate digital filters, fast Fourier transforms (FFT's), and discrete cosine transforms (DCT's) Follows three complete "real-world" case studies throughout the book Provides complete coverage of finite word length effects in DSP algorithms In-depth survey of the computational properties of DSP algorithms and their mapping to optimal architectures Outlines DSP architectures and parallel, bit-serial, and distributed arithmetic Presents the design process in a top-down manner and incorporates numerous problems and solutions
    Anmerkung: Online resource; Title from title page (viewed February 24, 1999) , Mode of access: World Wide Web.
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  • 50
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    Washington, D.C : The World Bank
    ISBN: 082134580X , 9780821345801
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (228 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Kurzfassung: Bank research projects investigate a broad range of issues in wide variety of settings. This volume reports on research projects initiated, under way or completed in fiscal 1999 (July 1, 1998, through June 30, 1999), The abstracts in the volume describe, for each project, the questions addressed, the analytical methods used, the findings to date, and their policy implications. Each abstract also identifies the expected completion date, the research team, and any reports or publications produced. The abstracts cover 202 research projects grouped under nine headings:a) poverty and social welfare; b) education and labor markets; c) environmentally sustainable development; d) macroeconomics; e) international economics; f) domestic finance and capital markets; g) transition economies; and h) private sector development and public sector management
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  • 51
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (32 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Kanbur, Ravi The Dynamics of Poverty
    Schlagwort(e): Chronically Poor ; Communities & Human Settlements ; Debt Markets ; Economic Policies ; Economic Theory and Research ; Farm Size ; Finance and Financial Sector Development ; Financial Literacy ; Household Income ; Household Size ; Household Welfare ; Housing and Human Habitats ; Human Capital ; Incidence Of Poverty ; Income ; Investment and Investment Climate ; Macroeconomics and Economic Growth ; New Poor ; Nonfarm Income ; Old Age ; Poor People ; Poverty ; Poverty Diagnostics ; Poverty Incidence ; Poverty Lines ; Poverty Monitoring and Analysis ; Poverty Reduction ; Rural ; Rural Areas ; Rural Development ; Rural Poverty Reduction ; Targeting ; Temporarily Poor ; Transfers ; Chronically Poor ; Communities & Human Settlements ; Debt Markets ; Economic Policies ; Economic Theory and Research ; Farm Size ; Finance and Financial Sector Development ; Financial Literacy ; Household Income ; Household Size ; Household Welfare ; Housing and Human Habitats ; Human Capital ; Incidence Of Poverty ; Income ; Investment and Investment Climate ; Macroeconomics and Economic Growth ; New Poor ; Nonfarm Income ; Old Age ; Poor People ; Poverty ; Poverty Diagnostics ; Poverty Incidence ; Poverty Lines ; Poverty Monitoring and Analysis ; Poverty Reduction ; Rural ; Rural Areas ; Rural Development ; Rural Poverty Reduction ; Targeting ; Temporarily Poor ; Transfers
    Kurzfassung: August 1995 - In urban areas of Côte d'Ivoire, human capital is the endowment that best explains welfare changes over time. In rural areas, physical capital - especially the amount of land and farm equipment owned - matters most. Empirical investigations of poverty in developing countries tend to focus on the incidence of poverty at a particular point in time. If the incidence of poverty increases, however, there is no information about how many new poor have joined the existing poor and how many people have escaped poverty. Yet this distinction is of crucial policy importance. The chronically poor may need programs to enhance their human and physical capital endowments. Invalids and the very old may need permanent (targeted) transfers. The temporarily poor, on the other hand, may best be helped with programs that complement their own resources and help them bridge a difficult period. Results from analyses of panel surveys show significant mobility into and out of poverty and reveal a dynamism of the poor that policy should stimulate. Understanding what separates chronic from temporary poverty requires knowing which characteristics differentiate those who escape poverty from those who don't. In earlier work, Grootaert, Kanbur, and Oh found that region of residence and socioeconomic status were important factors. In this paper they investigate the role of other household characteristics, especially such asset endowments as human and physical capital, in the case of Côte d'Ivoire. In urban areas of Côte d'Ivoire, human capital is the most important endowment explaining welfare changes over time. Households with well-educated members suffered less loss of welfare than other households. What seems to have mattered, though, is the skills learned through education, not the diplomas obtained. Diplomas may even have worked against some households in having oriented workers too much toward a formal labor market in a time when employment growth came almost entirely from small enterprises. In rural areas, physical capital - especially the amount of land and farm equipment owned - mattered most. Smallholders were more likely to suffer welfare declines. Households with diversified sources of income managed better, especially if they had an important source of nonfarm income. In both rural and urban areas, larger households suffered greater declines in welfare and households that got larger were unable to increase income enough to maintain their former welfare level. Households whose heads worked in the public sector maintained welfare better than other households, a finding that confirms earlier observations. The results also suggest that government policies toward certain regions or types of household can outweigh the effects of household endownments. Surprisingly, migrant non-Ivorian households tended to be better at preventing welfare losses than Ivorian households, while households headed by women did better than those headed by men (after controlling for differences in or changes in endowment). The implications for policymakers? First, education is associated with higher welfare levels and helps people cope better with economic decline. Second, targeting the social safety net to larger households - possibly through the schools, to reach children - is justified in periods of decline. Third, smallholders might be targeted in rural areas, and ways found to encourage diversification of income there. This paper - a joint product of the Social Policy and Resettlement Division, Environment Department, and the Africa Regional Office, Office of the Chief Economist - is the result of a research project on The Dynamics of Poverty: Why Some People Escape Poverty and Others Don't, A Panel Analysis for Côte d'Ivoire (RPO 678-70)
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  • 52
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (44 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Levine, Ross Africa's Growth Tragedy
    Schlagwort(e): Black Market ; Business Cycle ; Country Regressions ; Currencies and Exchange Rates ; Economic Growth ; Economic Theory and Research ; Educational Attainment ; Exchange Rate ; Finance and Financial Sector Development ; Financial Development ; Financial Sector ; Financial Systems ; Growth ; Growth Performance ; Growth Rate ; Growth Rates ; Health, Nutrition and Population ; Inequality ; Long-Run Growth ; Macroeconomics and Economic Growth ; Nutrition ; Per Capita Income ; Policy Change ; Policy Research ; Political Instability ; Political Stability ; Poor Countries ; Poor Growth ; Poverty Reduction ; Pro-Poor Growth ; Black Market ; Business Cycle ; Country Regressions ; Currencies and Exchange Rates ; Economic Growth ; Economic Theory and Research ; Educational Attainment ; Exchange Rate ; Finance and Financial Sector Development ; Financial Development ; Financial Sector ; Financial Systems ; Growth ; Growth Performance ; Growth Rate ; Growth Rates ; Health, Nutrition and Population ; Inequality ; Long-Run Growth ; Macroeconomics and Economic Growth ; Nutrition ; Per Capita Income ; Policy Change ; Policy Research ; Political Instability ; Political Stability ; Poor Countries ; Poor Growth ; Poverty Reduction ; Pro-Poor Growth
    Kurzfassung: August 1995 - Problems associated with Sub-Saharan Africa's slow growth are low school attainment, political instability, poorly developed financial systems, large black-market exchange-rate premia, large government deficits, and inadequate infrastructure. Improving policies alone boosts growth substantially. But if neighboring countries adopt a policy change together, the effects on growth are more than double what they would have been if one country had acted alone. Africa's economic history since 1960 fits the classical definition of tragedy: potential unfulfilled, with disastrous consequences. Easterly and Levine use one methodology - cross-country regressions - to account for Sub-Saharan Africa's growth performance over the past 30 years and to suggest policies to promote growth over the next 30 years. They statistically quantify the relationship between long-run growth and a wider array of factors than any previous study. They consider such standard variables as initial income to capture convergence effects, schooling, political stability, and indicators of monetary, fiscal, trade, exchange rate, and financial sector policies. They also consider such new measures as infrastructure development, cultural diversity, and economic spillovers from neighbors' growth. Their analysis: ° Improves substantially on past attempts to account for the growth experience of Sub-Saharan African countries. ° Shows that low school attainment, political instability, poorly developed financial systems, large black-market exchange-rate premia, large government deficits, and inadequate infrastructure are associated with slow growth. ° Finds that Africa's ethnic diversity tends to slow growth and reduce the likelihood of adopting good policies. ° Identifies spillovers of growth performance between neighboring countries. The spillover effects of growth have implications for policy strategy. Improving policies alone boosts growth substantially, but if neighboring countries act together, the effects on growth are much greater. Specifically, the results suggest that the effect of neighbors' adopting a policy change is 2.2 times greater than if a single country acted alone. This paper - a joint product of the Macroeconomics and Growth Division and the Finance and Private Sector Development Division, Policy Research Department - is part of a larger effort in the department to understand the link between policies and growth. The study was funded by the Bank's Research Support Budget under the research project Patterns of Growth (RPO 678-26)
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  • 53
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    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (78 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Cropper, Maureen Public Choices between Lifesaving Programs
    Schlagwort(e): Air Quality and Clean Air ; Breast Cancer ; Brown Issues and Health ; Children ; Disease Control and Prevention ; Environment ; Environmental Economics and Policies ; Environmental Health ; Finance and Financial Sector Development ; Health ; Health Care ; Health Education ; Health Monitoring and Evaluation ; Health Services ; Health, Nutrition and Population ; Implementation ; Industrial Pollution ; Industry ; Insurance and Risk Mitigation ; Internet ; Knowledge ; Ozone ; Population Policies ; Public Health ; Risks ; Screening ; Smokers ; Smoking ; Strategy ; Water Pollution ; Water Resources ; Water and Industry ; Workplace ; Air Quality and Clean Air ; Breast Cancer ; Brown Issues and Health ; Children ; Disease Control and Prevention ; Environment ; Environmental Economics and Policies ; Environmental Health ; Finance and Financial Sector Development ; Health ; Health Care ; Health Education ; Health Monitoring and Evaluation ; Health Services ; Health, Nutrition and Population ; Implementation ; Industrial Pollution ; Industry ; Insurance and Risk Mitigation ; Internet ; Knowledge ; Ozone ; Population Policies ; Public Health ; Risks ; Screening ; Smokers ; Smoking ; Strategy ; Water Pollution ; Water Resources ; Water and Industry ; Workplace
    Kurzfassung: August 1995 - Do funding priorities for health and safety policies reflect irrational fears? the disaster of the month - rather than address more fundamental problems? A thousand people were surveyed to gauge popular feelings about funding choices between environmental and public health programs. In developing and industrial countries alike, there is concern that health and safety policy may respond to irrational fears - to the disaster of the month - rather than address more fundamental problems. In the United States, for example, some policymakers say the public worries about trivial risks while ignoring larger ones and that funding priorities reflect this view. Many public health programs with a low cost per life saved are underfunded, for example, while many environmental regulations with a high cost per life saved are issued each year. Does the existing allocation of resources reflect people's preoccupation with the qualitative aspects of risks, to the exclusion of quantitative factors (lives saved)? Or can observed differences in the cost per life saved of environmental and public health programs be explained by the way the two sets of programs are funded? Cropper and Subramanian examine the preferences of U.S. citizens for health and safety programs. They confronted a random sample of 1,000 U.S. adults with choices between environmental health and public health programs, to see which they would choose. The authors then examined what factors (qualitative and quantitative) seem to influence these choices. Respondents were asked about pairs of programs, among them: smoking education or industrial pollution control programs, industrial pollution control or pneumonia vaccine programs, radon eradication or a program to ban smoking in the workplace, and radon eradication or programs to ban pesticides. The survey results, they feel, have implications beyond the United States. They find that, while qualitative aspects of the life-saving programs are statistically significant in explaining people's choices among them, lives saved matter, too. Indeed, for the median respondent in the survey, the rate of substitution between most qualitative risk characteristics and lives saved is inelastic. But for a sizable minority of respondents, choice among programs appears to be insensitive to lives saved. The interesting question for public policy is what role the latter group plays in the regulatory process. This paper - a joint product of the Environment, Infrastructure, and Agriculture Division, Policy Research Department, and the Environment and Natural Resources Division, Asia Technical Department - is part of a larger effort in the Bank to see what can be learned about efficient environmental policy by examining the U.S. experience with environmental regulation. The authors may be contacted at mcropperworldbank.org or usubramanian@worldbank.org
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  • 54
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    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (88 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Lehmann, Hartmut Active Labor Market Policies in the OECD and in Selected Transition Economies
    Schlagwort(e): Active Labor ; Active Labor Market ; Active Labor Market Policies ; Active Labor Policies ; Employment Programs ; Finding Work ; Jobs ; Labor Demand ; Labor Markets ; Labor Policies ; Labor Policies ; Labor Supply ; Labour ; Labour Market ; Labour Market Policy ; Open Unemployment ; Private Sector ; Public Employment ; Rising Unemployment ; Social Protections and Labor ; Unemployed ; Unemployed Workers ; Workers ; Active Labor ; Active Labor Market ; Active Labor Market Policies ; Active Labor Policies ; Employment Programs ; Finding Work ; Jobs ; Labor Demand ; Labor Markets ; Labor Policies ; Labor Policies ; Labor Supply ; Labour ; Labour Market ; Labour Market Policy ; Open Unemployment ; Private Sector ; Public Employment ; Rising Unemployment ; Social Protections and Labor ; Unemployed ; Unemployed Workers ; Workers
    Kurzfassung: August 1995 - Applying mechanically active OECD labor policies in Hungary, Poland, and Russia makes no sense because the economies are so different. Which labor policies are realistic there? Training able workers in scarce, needed skills; easing credit for (and thereby encouraging) the self-employed; giving public jobs to problem workers and the long-term unemployed; and improving consultation services for the unemployed. Transition economies have introduced a range of OECD active labor market policies to combat unemployment - albeit often on paper only, as with rising unemployment passive policies have crowded out active ones. But even in the Czech Republic, active labor market policies have contributed only marginally to reducing unemployment. One task for policymakers in Central and Eastern Europe must be to convey the message that, even under the best circumstances, active labor policies can play only a marginal role in reducing unemployment. OECD labor policies cannot be applied mechanically in Central and Eastern Europe because the situation there is different. Severe and persistent shortages in capital and managerial ability are sure to keep labor demand weak in the medium term, while labor supply will be abundant. As enterprises are restructured and liquidated, the newly unemployed workers cannot be absorbed by the weak private sector and must compete for scarce jobs. Women and older, less educated men have particular trouble finding work. Which active labor policies does Lehmann suggest might be effective? Limited funds for active labor policies might best be spent retraining the most able unemployed workers to develop skills needed in the private sector. Public employment programs might be targeted especially to problem groups of workers and to the long-term unemployed - more for reasons of equity than of efficiency. The point is to have a clear idea whether both aims of efficiency and equity can be pursued and, if efficiency gains are unrealistic, whether equity considerations are politically indispensable. Because nontradable services are underdeveloped, Central and Eastern European countries might eliminate credit rationing that discourages self-employment (the self-employed have trouble getting financing). Improving consulting services for the unemployed in Hungary, Poland, and Russia makes more sense than applying a broad menu of OECD programs. The labor market in the Russian Federation appears to be more dynamic than in Hungary and Poland, but this is probably because of massive labor hoarding in Russian enterprises. Once they start shedding labor in earnest, their employment figures will look more like those in the other Central and Eastern European countries. This paper - a product of the Office of the Vice President, Development Economics - was prepared as a background paper for World Development Report 1995 on labor
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  • 55
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    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (46 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Dollar, David Aid Allocation and Poverty Reduction
    Schlagwort(e): Development Efforts ; Domestic Poverty ; Economic Growth ; Elimination Of Poverty ; Emergencies ; Health, Nutrition and Population ; Level Of Poverty ; Living Standards ; National Policy ; Policies ; Policy Level ; Poor People ; Population Policies ; Poverty ; Poverty Reduction ; Poverty Reduction ; Pro-Poor Growth ; Quantitative Measures ; Recipient Countries ; Respect ; Rule Of Law ; Rural Development ; Rural Poverty Reduction ; Sectoral Policies ; Services and Transfers to Poor ; Sustainable Growth ; War ; Development Efforts ; Domestic Poverty ; Economic Growth ; Elimination Of Poverty ; Emergencies ; Health, Nutrition and Population ; Level Of Poverty ; Living Standards ; National Policy ; Policies ; Policy Level ; Poor People ; Population Policies ; Poverty ; Poverty Reduction ; Poverty Reduction ; Pro-Poor Growth ; Quantitative Measures ; Recipient Countries ; Respect ; Rule Of Law ; Rural Development ; Rural Poverty Reduction ; Sectoral Policies ; Services and Transfers to Poor ; Sustainable Growth ; War
    Kurzfassung: In the efficient allocation of aid, aid is targeted disproportionately to countries with severe poverty and adequate policies. For a given level of poverty, aid tapers in with policy reform. In the actual allocation of aid, aid tapers out with reform. - Aid now lifts about 30 million people a year out of absolute poverty. With a poverty-efficient allocation, the same amount of aid would lift about 80 million people out of poverty. Collier and Dollar derive a poverty-efficient allocation of aid and compare it with actual aid allocations. They build the poverty-efficient allocation in two stages. First they use new World Bank ratings of 20 different aspects of national policy to establish the current relationship between aid, policies, and growth. Onto that, they add a mapping from growth to poverty reduction, which reflects the level and distribution of income. They compare the effects of using headcount and poverty-gap measures of poverty. They find the actual allocation of aid to be radically different from the poverty-efficient allocation. In the efficient allocation, for a given level of poverty, aid tapers in with policy reform. In the actual allocation, aid tapers out with reform. In the efficient allocation, aid is targeted disproportionately to countries with severe poverty and adequate policies - the type of country where 74 percent of the world's poor live. In the actual allocation, such countries receive a much smaller share of aid (56 percent) than their share of the world's poor. With the present allocation, aid is effective in sustainably lifting about 30 million people a year out of absolute poverty. With a poverty-efficient allocation, this would increase to about 80 million people. Even with political constraints introduced to keep allocations for India and China constant, poverty reduction would increase to about 60 million. Reallocating aid is politically difficult, but it may be considerably less difficult than quadrupling aid budgets, which is what the authors estimate would be necessary to achieve the same impact on poverty reduction with existing aid allocations. This paper - a joint product of the Office of the Director, and Macroeconomics and Growth, Development Research Group - is part of a larger effort in the group to examine aid effectiveness. The authors may be contacted at pcollierworldbank.org or ddollar@worldbank.org
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  • 56
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    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (43 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Ravallion, Martin Subjective Economic Welfare
    Schlagwort(e): Bank ; Calculation ; Consumer ; Consumers ; Demand ; Demands ; Economic Theory and Research ; Family Allowances ; Finance and Financial Sector Development ; Financial Literacy ; Health Systems Development and Reform ; Health, Nutrition and Population ; Household Income ; Household Incomes ; Income ; Incomes ; Inequality ; Inflation ; Information ; Macroeconomics and Economic Growth ; Money ; Pensioner ; Population Policies ; Poverty Diagnostics ; Poverty Lines ; Poverty Monitoring and Analysis ; Poverty Rate ; Poverty Reduction ; Property ; Rural Development ; Rural Poverty Reduction ; Services and Transfers to Poor ; Spending ; Unemployment ; Welfare ; Bank ; Calculation ; Consumer ; Consumers ; Demand ; Demands ; Economic Theory and Research ; Family Allowances ; Finance and Financial Sector Development ; Financial Literacy ; Health Systems Development and Reform ; Health, Nutrition and Population ; Household Income ; Household Incomes ; Income ; Incomes ; Inequality ; Inflation ; Information ; Macroeconomics and Economic Growth ; Money ; Pensioner ; Population Policies ; Poverty Diagnostics ; Poverty Lines ; Poverty Monitoring and Analysis ; Poverty Rate ; Poverty Reduction ; Property ; Rural Development ; Rural Poverty Reduction ; Services and Transfers to Poor ; Spending ; Unemployment ; Welfare
    Kurzfassung: April 1999 - As conventionally measured, current household income relative to a poverty line can only partially explain how Russian adults perceive their economic welfare. Other factors include past incomes, individual incomes, household consumption, current unemployment, risk of unemployment, health status, education, and relative income in the area of residence. Paradoxically, when economists analyze a policy's impact on welfare they typically assume that people are the best judges of their own welfare, yet resist directly asking them if they are better off. Early ideas of utility were explicitly subjective, but modern economists generally ignore people's expressed views about their own welfare. Even using a broad set of conventional socioeconomic data may not reflect well people's subjective perceptions of their poverty. Ravallion and Lokshin examine the determinants of subjective economic welfare in Russia, including its relationship to conventional objective indicators. For data on subjective perceptions, they use survey responses in which respondents rate their level of welfare from poor to rich on a nine-point ladder. As an objective indicator of economic welfare, they use the most common poverty indicator in Russia today, in which household incomes are deflated by household-specific poverty lines. They find that Russian adults with higher family income per equivalent adult are less likely to place themselves on the lowest rungs of the subjective ladder and more likely to put themselves on the upper rungs. But current household income does not explain well self-reported assessments of whether someone is poor or rich. Expanding the set of variables to include incomes at different dates, expenditures, educational attainment, health status, employment, and average income in the area of residence doubles explanatory power. Healthier and better educated adults with jobs perceive themselves to be better off, controlling for income. The unemployed view their welfare as lower, even with full income replacement. Individual income matters independent of per capita household income. Relative income also matters. Living in a richer area lowers perceived economic welfare, controlling for income and other factors. This paper-a product of Poverty and Human Resources, Development Research Group-is part of a larger effort in the group to better understand the relationship between objective and subjective economic welfare. The study was funded by the Bank's Research Support Budget under the research project Policies for Poor Areas (RPO 681-39). The authors may be contacted at mravallionworldbank.org or mlokshin@worldbank.org
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  • 57
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    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (43 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Webb, B. Steven Fiscal Management in Federal Democracies
    Schlagwort(e): Bailouts ; Banks and Banking Reform ; Creditors ; Debt Markets ; Deficits ; Developing Countries ; Domestic Debt ; Emerging Markets ; External Debts ; Finance ; Finance and Financial Sector Development ; Financial Literacy ; Fiscal Decentralization ; Fiscal Deficits ; Inflation ; Interest ; Levy ; Macroeconomic Stabilization ; Monetary Fund ; Municipal Financial Management ; Private Sector Development ; Public Finances ; Public Sector Deficits ; Public Sector Economics and Finance ; Public Spending ; Public and Municipal Finance ; Return ; Revenue ; Tax ; Urban Development ; Urban Economics ; Bailouts ; Banks and Banking Reform ; Creditors ; Debt Markets ; Deficits ; Developing Countries ; Domestic Debt ; Emerging Markets ; External Debts ; Finance ; Finance and Financial Sector Development ; Financial Literacy ; Fiscal Decentralization ; Fiscal Deficits ; Inflation ; Interest ; Levy ; Macroeconomic Stabilization ; Monetary Fund ; Municipal Financial Management ; Private Sector Development ; Public Finances ; Public Sector Deficits ; Public Sector Economics and Finance ; Public Spending ; Public and Municipal Finance ; Return ; Revenue ; Tax ; Urban Development ; Urban Economics
    Kurzfassung: May 1999 - Argentina and Brazil-two of the most decentralized public sectors in Latin America and (along with Colombia and India) among the most decentralized democracies in the developing world-faced similar problems in the 1980s: excessive public deficits and high inflation exacerbated by subnational deficits. In the 1990s, Argentina was more successful at macroeconomic stabilization, partly because it imposed harder budget constraints on the public sector nationally and partly because it had stronger party control of both national legislators and subnational governments. In shifting to decentralized public finances, a country's central government faces certain fiscal management problems. First, during and soon after the transition, unless it reduces spending or increases its own tax resources, the central government tends to have higher deficits as it shifts fiscal resources to subnational governments through transfers, revenue sharing, or delegation of tax bases. Reducing spending is hard not only because cuts are always hard but because subnational governments might not take on expected tasks, leaving the central government with a legal or political obligation to continue spending for certain services. Second, after decentralization, the local or state government faces popular pressure to spend more and tax less, creating the tendency to run deficits. This tendency can be a problem if subnational governments and their creditors expect or rely on bailouts by the central government. Econometric evidence from 32 large industrial and developing countries indicates that higher subnational spending and deficits lead to greater national deficits. Dillinger and Webb investigate how, and how successfully, Argentina and Brazil dealt with these problems in the 1990s. In both countries, subnational governments account for about half of public spending and are vigorous democracies in most (especially the largest) jurisdictions. The return to democracy in the 1980s revived and strengthened long-standing federal practices while weakening macroeconomic performance, resulting in unsustainable fiscal deficits, high inflation, sometimes hyperinflation, and low or negative growth. Occasional stabilization plans failed within a few years. Then Argentina (in 1991) and Brazil (in 1994) introduced successful stabilization plans. National issues were important in preventing and then bringing about macroeconomic stabilization, but so were intergovernmental fiscal relations and the fiscal management of subnational governments. State deficits and federal transfers were often out of control in the 1980s, contributing to national macroeconomic problems. Stabilization programs in the 1990s needed to establish control, and self-control, over subnational spending and borrowing. This paper-a product of Poverty Reduction and Economic Management, Latin America and the Caribbean Region-is part of the LCR regional studies program on fiscal decentralization in Latin America. The authors may be contacted at wdillingerworldbank.org or swebb@worldbank.org
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  • 58
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    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (83 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Mearns, Robin Social Exclusion and Land Administration in Orissa, India
    Schlagwort(e): Access To Land ; Charges ; Common Property Resource Development ; Communities & Human Settlements ; Contracts ; Fees ; Finance and Financial Sector Development ; Forestry ; Grants ; Income ; Institutional Analysis ; Institutional Reform ; Institutional Reforms ; Land ; Land Tenure ; Land Use ; Land Use and Policies ; Poverty Reduction ; Poverty Reduction ; Public ; Public Sector Management and Reform ; Public and Municipal Finance ; Revenue ; Revenue Collection ; Rural Development ; Rural Development Knowledge and Information Systems ; Rural Land Policies for Poverty Reduction ; Social Exclusion ; State Governments ; States ; Subnational Governance ; Urban Areas ; Urban Development ; Urban Economics ; Urban Governance and Management ; Access To Land ; Charges ; Common Property Resource Development ; Communities & Human Settlements ; Contracts ; Fees ; Finance and Financial Sector Development ; Forestry ; Grants ; Income ; Institutional Analysis ; Institutional Reform ; Institutional Reforms ; Land ; Land Tenure ; Land Use ; Land Use and Policies ; Poverty Reduction ; Poverty Reduction ; Public ; Public Sector Management and Reform ; Public and Municipal Finance ; Revenue ; Revenue Collection ; Rural Development ; Rural Development Knowledge and Information Systems ; Rural Land Policies for Poverty Reduction ; Social Exclusion ; State Governments ; States ; Subnational Governance ; Urban Areas ; Urban Development ; Urban Economics ; Urban Governance and Management
    Kurzfassung: May 1999 - Which factors prevent the rural poor and other socially excluded groups from having access to land in Orissa, India? The authors report on the first empirical study of its kind to examine - from the perspective of transaction costs - factors that constrain access to land for the rural poor and other socially excluded groups in India. They find that: -Land reform has reduced large landholdings since the 1950s. Medium size farms have gained most. Formidable obstacles still prevent the poor from gaining access to land. -The complexity of land revenue administration in Orissa is partly the legacy of distinctly different systems, which produced more or less complete and accurate land records. These not-so-distant historical records can be important in resolving contemporary land disputes. -Orissa tried legally to abolish land-leasing. Concealed tenancy persisted, with tenants having little protection under the law. -Women's access to and control over land, and their bargaining power with their husbands about land, may be enhanced through joint land titling, a principle yet to be realized in Orissa. -Land administration is viewed as a burden on the state rather than a service, and land records and registration systems are not coordinated. Doing so will improve rights for the poor and reduce transaction costs - but only if the system is transparent and the powerful do not retain the leverage over settlement officers that has allowed land grabs. Land in Orissa may be purchased, inherited, rented (leased), or - in the case of public land and the commons - encroached upon. Each type of transaction - and the State's response, through land law and administration - has implications for poor people's access to land. The authors find that: -Land markets are thin and transaction costs are high, limiting the amount of agricultural land that changes hands. -The fragmentation of landholdings into tiny, scattered plots is a brake on agricultural productivity, but efforts to consolidate land may discriminate against the rural poor. Reducing transaction costs in land markets will help. - Protecting the rural poor's rights of access to common land requires raising public awareness and access to information. -Liberalizing land-lease markets for the rural poor will help, but only if the poor are ensured access to institutional credit. This paper - a product of the Rural Development Sector Unit, South Asia Region - is part of a larger effort in the region to promote access to land and to foster more demand-driven and socially inclusive institutions in rural development. Robin Mearns may be contacted at rmearnsworldbank.org
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  • 59
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (38 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Feder, Gershon Agricultural Extension
    Schlagwort(e): Agricultural ; Agricultural Development ; Agricultural Education ; Agricultural Extension ; Agricultural Knowledge ; Agricultural Knowledge and Information Systems ; Agricultural Production ; Agriculture ; Agriculture ; Extension Services ; Farmers ; Food Production ; Funding ; Government Investments ; Hunger ; Information ; Land ; Poverty Reduction ; Private Sector ; Products ; Research ; Rural Development ; Rural Development ; Rural Development Knowledge and Information Systems ; Rural Poverty Reduction ; Skills ; Agricultural ; Agricultural Development ; Agricultural Education ; Agricultural Extension ; Agricultural Knowledge ; Agricultural Knowledge and Information Systems ; Agricultural Production ; Agriculture ; Agriculture ; Extension Services ; Farmers ; Food Production ; Funding ; Government Investments ; Hunger ; Information ; Land ; Poverty Reduction ; Private Sector ; Products ; Research ; Rural Development ; Rural Development ; Rural Development Knowledge and Information Systems ; Rural Poverty Reduction ; Skills
    Kurzfassung: May 1999 - The agriculture sector must nearly double biological yields on existing farmland to meet food needs, which will double in the next quarter century. A sustainable approach to providing agricultural extension services in developing countries-minimal external inputs, a systems orientation, pluralism, and arrangements that take advantage of the best incentives for farmers and extension service providers-will release the local knowledge, resources, common sense, and organizing ability of rural people. Is agricultural extension in developing countries up to the task of providing the information, ideas, and organization needed to meet food needs? What role should governments play in implementing or facilitating extension services? Roughly 80 percent of the world's extension is publicly funded and delivered by civil servants, providing a range of services to the farming population, commercial producers, and disadvantaged target groups. Budgetary constraints and concerns about performance create pressure to show the payoff on investment in extension and to explore alternatives to publicly providing it. Feder, Willett, and Zijp analyze the challenges facing policymakers who must decide what role governments should play in implementing or facilitating extension services. Focusing on developing country experience, they identify generic challenges that make it difficult to organize extension: ° The magnitude of the task. ° Dependence on wider policy and other agency functions. ° Problems in identifying the cause and effect needed to enable accountability and to get political support and funding. ° Liability for public service functions beyond the transfer of agricultural knowledge and information. ° Fiscal sustainability. ° Inadequate interaction with knowledge generators. Feder, Willett, and Zijp show how various extension approaches were developed in attempts to overcome the challenges of extension: ° Improving extension management. ° Decentralizing. ° Focusing on single commodities. ° Providing fee-for-service public extension services. ° Establishing institutional pluralism. ° Empowering people by using participatory approaches. ° Using appropriate media. Each of the approaches has weaknesses and strengths, and in their analysis the authors identify the ingredients that show promise. Rural people know when something is relevant and effective. The aspects of agricultural extension services that tend to be inherently low cost and build reciprocal, mutually trusting relationships are those most likely to produce commitment, accountability, political support, fiscal sustainability, and the kinds of effective interaction that generate knowledge. This paper-a joint product of Rural Development, Development Research Group, and the Rural Development Department-is part of a larger effort in the Bank to identify institutional and policy reforms needed to promote sustainable and equitable rural development. The authors may be contacted at gfederworldbank.org, awillett@worldbank.org, or wzijp@worldbank.org
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  • 60
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    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (37 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Basu, Kaushik Interlinkage, Limited Liability, and Strategic Interaction
    Schlagwort(e): Amount Of Cred Borrower ; Contract Law ; Contracts ; Contractual Obligations ; Credit Contract ; Debt Markets ; Default ; Discount ; Discount Rates ; Economic Theory and Research ; Finance ; Finance and Financial Sector Development ; Financial Literacy ; Instrument ; Instruments ; Labor Policies ; Law and Development ; Limited Liability ; Loan ; Loan Contracts ; Macroeconomics and Economic Growth ; Moneylender ; Moral Hazard ; Option ; Risk Aversion ; Risk Neutral ; Social Protections and Labor ; Unlimited Liability ; Amount Of Cred Borrower ; Contract Law ; Contracts ; Contractual Obligations ; Credit Contract ; Debt Markets ; Default ; Discount ; Discount Rates ; Economic Theory and Research ; Finance ; Finance and Financial Sector Development ; Financial Literacy ; Instrument ; Instruments ; Labor Policies ; Law and Development ; Limited Liability ; Loan ; Loan Contracts ; Macroeconomics and Economic Growth ; Moneylender ; Moral Hazard ; Option ; Risk Aversion ; Risk Neutral ; Social Protections and Labor ; Unlimited Liability
    Kurzfassung: June 1999 - When will a landlord prefer to supply both land and credit to a tenant rather than allow the lender to borrow from a separate moneylender? The paper shows that if tenancy contracts are obtained prior to contracting with the moneylender, and the tenant has limited liability, interlinked deals will predominate over the alternative situation where the landlord and the moneylender act as noncooperative principals. Basu, Bell, and Bose analyze the example of a landlord, a moneylender, and a tenant (the landlord having access to finance on the same terms as the moneylender). It is natural to assume that the landlord has first claim on the tenant's output (as a rule, if they live in the same village, he may have some say in when the crop is harvested). The moneylender is more of an outsider, not well placed to exercise such a claim. A landless, assetless tenant will typically not get a loan unless he has a tenancy. Without interlinkage, the landlord is likely to move first. In the noncooperative sequential game where the landlord is the first mover and also enjoys seniority of claims if the tenant defaults, interlinkage is superior, even if contracts are nonlinear - a result unchanged with the incorporation of moral hazard. The main result is that if a passive principal - one whose decisions are limited to exercising his property rights to determine his share of returns - is the first mover, allocative efficiency is impaired unless his equilibrium payoffs are uniform across states of nature. The limited liability of the tenant creates the strict superiority of interlinkage by making uniform rents nonoptimal when, with noncollusive principals, the landlord (the passive principal) is the first mover. A change in seniority of claims from the first to the second mover (the moneylender) further strengthens this result. But uniform payoffs for the first mover are not essential for allocative efficiency if he is the only principal with a continuously variable instrument of control. So, the main result is sensitive to changes in the order of play but not to changes in the priority of claims. This paper - a product of the Office of the Senior Vice President and Chief Economist, Development Economics - is part of a larger effort in the Bank to understand the institutional structure of rural markets and its welfare implications. The authors may be contacted at kbasuworldbank.org, clive.bell@urz.uni-heidelberg.de, or psbose@cc.memphis.edu
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  • 61
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    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (64 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Melo, Martha The Russian City in Transition
    Schlagwort(e): Autonomy ; Capitals ; Cities ; City Development Strategies ; Communities & Human Settlements ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Employment ; Enterprises ; Finance and Financial Sector Development ; Financial Literacy ; Fiscal Policy ; Housing ; ICT Policy and Strategies ; Industry ; Information and Communication Technologies ; Labor ; Labor Policies ; Large Cities ; Local Governments ; Macroeconomics and Economic Growth ; Municipal ; Municipal Financial Management ; Natural Resources ; Pricing ; Private Sector Development ; Privatization ; Public Sector Management and Reform ; Public Transport ; Services ; Social Protections and Labor ; Subnational Governance ; Subsidies ; Transport ; Urban Development ; Wages ; Autonomy ; Capitals ; Cities ; City Development Strategies ; Communities & Human Settlements ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Employment ; Enterprises ; Finance and Financial Sector Development ; Financial Literacy ; Fiscal Policy ; Housing ; ICT Policy and Strategies ; Industry ; Information and Communication Technologies ; Labor ; Labor Policies ; Large Cities ; Local Governments ; Macroeconomics and Economic Growth ; Municipal ; Municipal Financial Management ; Natural Resources ; Pricing ; Private Sector Development ; Privatization ; Public Sector Management and Reform ; Public Transport ; Services ; Social Protections and Labor ; Subnational Governance ; Subsidies ; Transport ; Urban Development ; Wages
    Kurzfassung: August 1999 - Reform in 10 regional capitals along the Volga River is associated with favorable initial conditions. And both reform and favorable initial conditions are associated with relatively successful economic outcomes - except where access to extra resources improves outcomes or where weak government undermines success. After studying the nature and variety of transition in 10 regional capitals of Russia, de Melo and Ofer observe that: ° All cities have experienced radical changes in their institutions and economies - changes associated on the one hand with the abolition of central planning and the introduction of freer markets, and on the other hand with political decentralization and the introduction of local elections. ° These changes have led to a wide diversity in economic and social outcomes, reflecting differences in the central government's (inequitable) economic relations with regions as well as differing local and regional policies. Most northern cities adopted policies more consistent with the central government's support of free market reforms; most southern (Red Belt) cities pursued more cautious, protective policies. ° City governments are using more proactive economic policies, including interventions to save local industries. Such efforts highlight the dual nature of the Russian transition, characterized by a shift in power from central to local government as well as from public to private enterprises. ° A major difficulty facing Russian cities is the cost of subsidies to housing and utilities. Real estate in general constitutes a major expenditure category for local government rather than, as in most western cities, a major source of revenue. A transition in this area alone could revolutionize the finances and independence of Russian cities. ° The jury is still out on what the right social and industrial policies were during the first years of reform. Ulyanovsk clearly lagged on market reforms, and Saratov represents a model of liberalization without institutional support. Both extremes have failed, but so far the social consequences of the Saratov model appear to be worse than those of the Ulyanovsk model. ° With the credibility of Russia's federal government at an all-time low, foreign investors have no choice but to rely on the competence and reliability of local leaders, especially mayors and governors. They will be looking for evidence of accountability in the form of the rule of law, and transparency in the form of reliable public information. Information at the city level - often unavailable and not easily accessible - would be very useful in attracting local researchers to monitor progress (as a basis for accountability) and diagnose problems (as a basis for public policy debate and political decisions). This paper - a product of Public Economics, Development Research Group - is part of a larger effort in the group to study the causes and effects of fiscal decentralization. The project was carried out in cooperation with the New Economic School (NES) in Moscow. This is the first of two papers on the Volga cities. The authors may be contacted at rhanrotterols.com or gur.ofer@yale.edu
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  • 62
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (57 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Peria, Maria A Regime-Switching Approach to Studying Speculative Attacks
    Schlagwort(e): Central Bank ; Crawling Peg ; Currencies ; Currencies and Exchange Rates ; Currency ; Debt Markets ; Dependent Variable ; Devaluations ; Economic Stabilization ; Economic Theory and Research ; Emerging Markets ; European Monetary System ; Exchange Rate ; Exchange Rate Mechanism ; Exchange Rates ; Federal Reserve ; Federal Reserve Bank ; Finance and Financial Sector Development ; Financial Literacy ; Financial Markets ; Fixed Exchange Rate ; Fixed Exchange Rate Regimes ; Fixed Exchange Rate Systems ; Interest Rates ; Macroeconomics and Economic Growth ; Private Sector Development ; Speculative Attack ; Speculative Attacks ; Speculative Pressure ; Central Bank ; Crawling Peg ; Currencies ; Currencies and Exchange Rates ; Currency ; Debt Markets ; Dependent Variable ; Devaluations ; Economic Stabilization ; Economic Theory and Research ; Emerging Markets ; European Monetary System ; Exchange Rate ; Exchange Rate Mechanism ; Exchange Rates ; Federal Reserve ; Federal Reserve Bank ; Finance and Financial Sector Development ; Financial Literacy ; Financial Markets ; Fixed Exchange Rate ; Fixed Exchange Rate Regimes ; Fixed Exchange Rate Systems ; Interest Rates ; Macroeconomics and Economic Growth ; Private Sector Development ; Speculative Attack ; Speculative Attacks ; Speculative Pressure
    Kurzfassung: June 1999 - A regime-switching framework is used to study speculative attacks against European Monetary System currencies during 1979-93. Peria uses a regime-switching framework to study speculative attacks against European Monetary System (EMS) currencies during 1979-93. She identifies speculative attacks by modeling exchange rates, reserves, and interest rates as time series subject to discrete regime shifts. She assumes two states: tranquil and speculative. She models the probabilities of switching between states as a function of fundamentals and expectations. She concludes that: ° The switching models with time-varying transition probabilities capture most of the conventional episodes of speculative attacks. ° Speculative attacks do not always coincide with currency realignments. ° Both economic fundamentals and expectations determine the likelihood of switching from a period of tranquility to a speculative attack. The budget deficit appears to be an especially important factor driving the probability of switching to a speculative regime. Given the importance of anticipating and, wherever possible, avoiding crises, it might be useful to conduct forecasting exercises to determine whether the switching framework proposed here can be used to forecast crises in countries outside the sample. Because currency crises tend to occur simultaneously in two or more countries, it also might be useful to adapt the regime-switching framework to explore the role of contagion in explaining crises. This paper-a product of Finance, Development Research Group-is part of a larger effort in the group to understand currency crises. The author may be contacted at mmartinezperiaworldbank.org
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  • 63
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (27 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Wallsten, Scott An Empirical Analysis of Competition, Privatization, and Regulation in Telecommunications Markets in Africa and Latin America
    Schlagwort(e): Telekommunikation ; Telekommunikationspolitik ; Privatisierung ; Deregulierung ; Afrika ; Lateinamerika ; Banks and Banking Reform ; Business ; Business Services ; Data ; E-Business ; Economic Theory and Research ; Education ; Emerging Markets ; ICT Policy and Strategies ; Information and Communication Technologies ; Infrastructure Economics and Finance ; Infrastructure Regulation ; Institutions ; Knowledge Economy ; Knowledge for Development ; Labor Policies ; Macroeconomics and Economic Growth ; Performance ; Price ; Prices ; Private Sector Development ; Public Sector Regulation ; Reliability ; Results ; Social Protections and Labor ; Technology ; Telecom ; Telecommunication ; Telecommunication Reforms ; Telecommunications ; Telephone ; Telephone Connections ; Telephone Service ; Telephones ; User ; Users ; Banks and Banking Reform ; Business ; Business Services ; Data ; E-Business ; Economic Theory and Research ; Education ; Emerging Markets ; ICT Policy and Strategies ; Information and Communication Technologies ; Infrastructure Economics and Finance ; Infrastructure Regulation ; Institutions ; Knowledge Economy ; Knowledge for Development ; Labor Policies ; Macroeconomics and Economic Growth ; Performance ; Price ; Prices ; Private Sector Development ; Public Sector Regulation ; Reliability ; Results ; Social Protections and Labor ; Technology ; Telecom ; Telecommunication ; Telecommunication Reforms ; Telecommunications ; Telephone ; Telephone Connections ; Telephone Service ; Telephones ; User ; Users
    Kurzfassung: June 1999 - Empirical analysis of telecommunications reforms in 30 African and Latin American countries yields results largely consistent with conventional wisdom. Competition seems to be the most successful change agent, so granting even temporary monopolies may delay the arrival of better services to consumers. Reformers are correct to emphasize that regulatory reform accompany privatization, as privatization without regulation reform may be costly to consumers. Wallsten explores the effects of privatization, competition, and regulation on telecommunications performance in 30 African and Latin American countries from 1984 through 1997. Competition is associated with tangible benefits in terms of mainline penetration, number of pay phones, connection capacity, and reduced prices. Fixed-effects regressions reveal that competition-measured by mobile operators not owned by the incumbent telecommunications provider-is correlated with increases in the per capita number of mainlines, pay phones, and connection capacity, and with decreases in the price of local calls. Privatizing an incumbent is negatively correlated with mainline penetration and connection capacity. Privatization combined with regulation by an independent regulator, however, is positively correlated with connection capacity and substantially mitigates privatization's negative correlation with mainline penetration. Reformers are right to emphasize a combination of privatization, competition, and regulation. But researchers must explore the permutations of regulation: What type of regulation do countries adopt (price caps versus cost-of-service, for example)? How does the regulatory agency work? What is its annual budget? How many employees does it have? Where do the regulators come from? What sort of training and experience do they have? What enforcement powers does the regulatory agency have? In addition, researchers must deal with endogeneity of privatization, competition, and regulation to deal with issues of causality. This paper-a product of Regulation and Competition Policy, Development Research Group-is part of a larger research effort to analyze the role of competition in telecommunications with special emphasis on Africa. The author may be contacted at wallstenstanford.edu
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  • 64
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (42 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Sambanis, Nicholas Ethnic Partition as a Solution to Ethnic War
    Schlagwort(e): Agreement ; Alliances ; Atrocities ; Children and Youth ; Civil War ; Civil Wars ; Conflict ; Conflict and Development ; Constraints ; Economy ; Genocide ; Hazard Risk Management ; Health, Nutrition and Population ; Human Rights ; International Affairs ; International Community ; Negotiated Settlement ; Peace ; Peace and Peacekeeping ; Polarization ; Population Policies ; Post Conflict Reconstruction ; Post Conflict Reintegration ; Rebels ; Reconciliation ; Reconstruction ; Urban Development ; Violence ; Violent Conflict ; War ; Agreement ; Alliances ; Atrocities ; Children and Youth ; Civil War ; Civil Wars ; Conflict ; Conflict and Development ; Constraints ; Economy ; Genocide ; Hazard Risk Management ; Health, Nutrition and Population ; Human Rights ; International Affairs ; International Community ; Negotiated Settlement ; Peace ; Peace and Peacekeeping ; Polarization ; Population Policies ; Post Conflict Reconstruction ; Post Conflict Reintegration ; Rebels ; Reconciliation ; Reconstruction ; Urban Development ; Violence ; Violent Conflict ; War
    Kurzfassung: October 1999 - Partition theorists argue that when violent ethnic conflict is intense, civil politics cannot be restored unless ethnic groups are demographically separated into defensible enclaves. The empirical evidence suggests otherwise. Some theorists of ethnic conflict argue that the physical separation of warring ethnic groups may be the only possible solution to civil war. Without territorial partition and (if needed) forced population movements, they argue, ethnic war cannot end and genocide is likely. Other scholars have counterargued that partition only replaces internal war with international war, creates undemocratic successor states, and generates tremendous human suffering. So far this debate has been informed by few important case studies. Sambanis uses a new set of data on civil wars to identify the main determinants of ethnic partitions and to estimate their impact on the probability of war's recurrence, on low-grade ethnic violence, and on the political institutions of successor states. Sambanis's analysis is the first large-sample quantitative analysis of the subject, testing the propositions of partition theory and weighing heavily on the side of its critics. He shows that almost all the assertions of partition theorists fail to pass rigorous empirical tests. He finds that, on average, partition does not significantly reduce the probability of new violence. A better strategy might be to combine ethnic groups, but most important is to establish credible and equitable systems of governance. It is also important not to load the strategy with subjective premises about the necessity of ethnically pure states and about the futility of interethnic cooperation. This paper - a product of Public Economics, Development Research Group - is part of a larger effort in the group to study the economics of civil wars. The author may be contacted at nsambanisworldbank.org〉
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  • 65
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (26 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Pack, Howard Is African Manufacturing Skill-Constrained?
    Schlagwort(e): Access and Equity in Basic Education ; Agriculture ; Capital ; Costs ; Development ; Distribution ; E-Business ; Economic Theory and Research ; Education ; Emerging Markets ; Finance and Financial Sector Development ; Financial Literacy ; Foreign Competition ; Foreign Direct Investment ; GDP ; Goods ; Human Capital ; ICT Policy and Strategies ; Incentives ; Industry ; Information and Communication Technologies ; Inputs ; International Economics & Trade ; Macroeconomic Policies ; Macroeconomics and Economic Growth ; Microfinance ; National Economy ; Private Sector Development ; Production ; Production Function ; Productivity Growth ; Real Exchange Rates ; Small Scale Enterprises ; Technology Industry ; Theory ; Total Factor Productivity ; Variables ; Access and Equity in Basic Education ; Agriculture ; Capital ; Costs ; Development ; Distribution ; E-Business ; Economic Theory and Research ; Education ; Emerging Markets ; Finance and Financial Sector Development ; Financial Literacy ; Foreign Competition ; Foreign Direct Investment ; GDP ; Goods ; Human Capital ; ICT Policy and Strategies ; Incentives ; Industry ; Information and Communication Technologies ; Inputs ; International Economics & Trade ; Macroeconomic Policies ; Macroeconomics and Economic Growth ; Microfinance ; National Economy ; Private Sector Development ; Production ; Production Function ; Productivity Growth ; Real Exchange Rates ; Small Scale Enterprises ; Technology Industry ; Theory ; Total Factor Productivity ; Variables
    Kurzfassung: October 1999 - Continued efforts to develop high-level industrial skills in Sub-Saharan African countries may be wasteful without a more competitive environment in the industrial sector. But lack of such skills may limit the benefits to the industrial sector from future liberalization. As a result, the supply response to improved incentives may be weak. Total factor productivity has been low in most of Sub-Saharan Africa. It is often said that the binding constraint on African industrial development is the inadequate supply of technologically capable workers. And many cross-country studies imply that the low level of human capital in Africa is an important source of low growth in per capita income. The results of Pack and Paxson's study do not necessarily conflict with this view. They indicate that in noncompetitive industrial sectors with little inflow of new technology, the contribution of technological abilities, however it is measured, is limited. If liberalization of the economy generated greater competition, or if export growth were accelerated - permitting the import of inputs embodying new technology - local skills could contribute significantly more in raising output. The experience of other countries also suggests that as the economy opens to flows of international knowledge - whether through technology transfers or through informal transfers from purchasers of exports - the technological capacity of local industry becomes important. The policy implications of this analysis are clear: Without the prospect of a more competitive environment, continued efforts to develop high-level industrial skills may be wasteful. But the absence of such skills may limit the benefits to the industrial sector from future liberalization, as a result of which the supply response to improved incentives may be weak. This paper - a product of Public Economics, Development Research Group - is part of a larger effort in the group to analyze the effect of public policies on industrial productivity. The authors may be contacted at packhwharton.upenn.edu or cpaxson@wws.princeton.edu
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  • 66
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (22 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Gatti, Roberta Corruption and Trade Tariffs, or a Case for Uniform Tariffs
    Schlagwort(e): Accounting ; Currencies and Exchange Rates ; Customs Administration and Reform ; Debt Markets ; Developing Countries ; Economic Efficiency ; Economic Theory and Research ; Exchange ; Finance and Financial Sector Development ; Free Trade ; Future ; Good ; Goods ; Government Revenue ; Government Revenues ; International Economics & Trade ; International Trade and Trade Rules ; Law and Development ; Macroeconomics and Economic Growth ; Market ; Market Prices ; Open Economy ; Public Sector Corruption and Anticorruption Measures ; Public Sector Development ; Returns ; Revenue ; Share ; Tariff ; Tariffs ; Tax ; Tax Law ; Taxes ; Trade Policy ; Transparency ; Accounting ; Currencies and Exchange Rates ; Customs Administration and Reform ; Debt Markets ; Developing Countries ; Economic Efficiency ; Economic Theory and Research ; Exchange ; Finance and Financial Sector Development ; Free Trade ; Future ; Good ; Goods ; Government Revenue ; Government Revenues ; International Economics & Trade ; International Trade and Trade Rules ; Law and Development ; Macroeconomics and Economic Growth ; Market ; Market Prices ; Open Economy ; Public Sector Corruption and Anticorruption Measures ; Public Sector Development ; Returns ; Revenue ; Share ; Tariff ; Tariffs ; Tax ; Tax Law ; Taxes ; Trade Policy ; Transparency
    Kurzfassung: November 1999 - A highly diversified trade tariff menu may fuel bribe-taking behavior. Setting trade tariff rates at a uniform level limits public officials' ability to extract bribes from importers. By explicitly accounting for the interaction between importers and corrupt customs officials, Gatti argues that setting trade tariff rates at a uniform level limits public officials' ability to extract bribes from importers. If the government's main objective is to raise revenues at the minimum cost to welfare, optimally-set tariff rates will be inversely proportional to the elasticity of demand for imports. So they will generally differ across goods. Such a menu of tariff rates endows customs officials with the opportunity to extract rent from importers. If officials have enough discretionary power, they might threaten to misclassify goods into more heavily taxed categories unless importers pay them a bribe. Because of the bribe, the effective tariff rate for the importing firm increases, so demand for the good decreases. The resulting drop in import demand implies an efficiency loss as well as lower government revenues, compared with the optimal taxation benchmark without corruption. A similar argument applies when customs officials offer to classify goods into low-tariff categories in exchange for a bribe. Setting trade tariffs at a uniform level eliminates officials' opportunities to extract rents. Thus, when corruption is pervasive, a uniform tariff can deliver more government revenues and welfare than the optimally set (Ramsey) tariff benchmark. The empirical evidence confirms that these considerations are relevant to policymaking, since a robust association between the standard deviation of trade tariffs - a measure of the diversification of tariff menus - and corruption emerges across countries. This paper - a product of Macroeconomics and Growth, Development Research Group - is part of a larger effort in the group to study corruption. Please contact Roberta Gatti, Internet address rgattiworldbank.org
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  • 67
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (78 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Barros, de Paes Ricardo The Slippery Slope
    Schlagwort(e): Economic Growth ; Economic Theory and Research ; Extreme Poverty ; Finance and Financial Sector Development ; Financial Literacy ; Formal Safety Nets ; Health, Nutrition and Population ; Household Composition ; Household Income ; Household Per Capita Income ; Income ; Income Distribution ; Income Inequality ; Inequality ; Inequality ; Labor Markets ; Labor Policies ; Macroeconomics and Economic Growth ; Measures ; Poor ; Poor Households ; Population Policies ; Poverty Incidence ; Poverty Indices ; Poverty Line ; Poverty Lines ; Poverty Measures ; Poverty Reduction ; Pro-Poor Growth ; Rural ; Rural Development ; Rural Poverty Reduction ; Services and Transfers to Poor ; Social Protections and Labor ; Unemployment ; Economic Growth ; Economic Theory and Research ; Extreme Poverty ; Finance and Financial Sector Development ; Financial Literacy ; Formal Safety Nets ; Health, Nutrition and Population ; Household Composition ; Household Income ; Household Per Capita Income ; Income ; Income Distribution ; Income Inequality ; Inequality ; Inequality ; Labor Markets ; Labor Policies ; Macroeconomics and Economic Growth ; Measures ; Poor ; Poor Households ; Population Policies ; Poverty Incidence ; Poverty Indices ; Poverty Line ; Poverty Lines ; Poverty Measures ; Poverty Reduction ; Pro-Poor Growth ; Rural ; Rural Development ; Rural Poverty Reduction ; Services and Transfers to Poor ; Social Protections and Labor ; Unemployment
    Kurzfassung: October 1999 - During the turbulent years 1976-96, aggregate data for Brazil appear to show only small changes in mean income, inequality, and incidence of poverty - suggesting little change in the distribution of income. But a small group of urban households - excluded from formal labor markets and safety nets - was trapped in indigence. Based on welfare measured in terms of income alone, the poorest part of urban Brazil has experienced two lost decades. Despite tremendous macroeconomic instability in Brazil, the country's distributions of urban income in 1976 and 1996 appear, at first glance, deceptively similar. Mean household income per capita was stagnant, with minute accumulated growth (4.3 percent) over the two decades. The Gini coefficient hovered just above 0.59 in both years, and the incidence of poverty (relative to a poverty line of R
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  • 68
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (92 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Michalopoulos, Constantine Trade Policy and Market Access Issues for Developing Countries
    Schlagwort(e): Agricultural Trade ; Country Strategy and Performance ; Debt Markets ; Developed Countries ; Developing Countries ; Economic Theory and Research ; Emerging Markets ; Export Subsidies ; Export Subsidy ; Exports ; Finance and Financial Sector Development ; Free Trade ; Imports ; International Economics & Trade ; International Market ; International Trade ; International Trading ; International Trading System ; Law and Development ; Macroeconomics and Economic Growth ; Multilateral Trade Negotiations ; Private Sector Development ; Production ; Public Sector Development ; Tariff ; Tariffs ; Trade ; Trade Law ; Trade Policies ; Trade Policy ; Trade Policy ; Trade Remedies ; World Trade ; Agricultural Trade ; Country Strategy and Performance ; Debt Markets ; Developed Countries ; Developing Countries ; Economic Theory and Research ; Emerging Markets ; Export Subsidies ; Export Subsidy ; Exports ; Finance and Financial Sector Development ; Free Trade ; Imports ; International Economics & Trade ; International Market ; International Trade ; International Trading ; International Trading System ; Law and Development ; Macroeconomics and Economic Growth ; Multilateral Trade Negotiations ; Private Sector Development ; Production ; Public Sector Development ; Tariff ; Tariffs ; Trade ; Trade Law ; Trade Policies ; Trade Policy ; Trade Policy ; Trade Remedies ; World Trade
    Kurzfassung: October 1999 - An analysis of developing countries' current trade policies and market access problems is used as a basis for recommending positions for these countries in the new round of multilateral negotiations under the World Trade Organization. Michalopoulos analyzes 61 trade policy reviews prepared for the World Trade Organization (WTO) and its predecessor, GATT - reviews that document the progress developing countries have made in integration with the world trading system over the past decade. Based on an analysis of post-Uruguay Round tariff and nontariff barriers worldwide, he then recommends developing country positions on major issues in the new round of WTO trade negotiations. His key conclusions and recommendations: · Agriculture. Developing countries should support the Cairns Group in its push for greater liberalization of industrial countries' agricultural trade policies; the revised Food Aid Convention is not a substitute for but a complement to worldwide liberalization of agriculture. · Manufactures. The existence of tariff peaks and escalation in industrial country markets and the limited bindings at relatively high levels of developing country tariffs on manufactures present opportunities for negotiations with good prospects for shared and balanced benefits. The remaining nontariff barriers in industrial countries that affect manufactures are concentrated in textiles and clothing. Developing countries should ensure that industrial countries implement their commitments to liberalize this sector and impose no new nontariff barriers in this or other sectors under the guise of other rules or arrangements. The remaining nontariff barriers in developing countries should be converted into tariffs and reduced over time as part of the negotiations. · Antidumping. The increased use of antidumping measures by high- and middle-income developing countries in recent periods offers an opportunity for balanced negotiations to restrict their use. Reduced use of antidumping measures would increase efficiency and benefit consumers in all countries. But it is unclear whether a supportive climate for such negotiations exists in either industrial or developing countries. This paper - a product of Trade, Development Research Group - is part of a larger effort in the group to identify opportunities for developing countries in the WTO 2000 negotiations. The author may be contacted at cmichalopoulosworldbank.org
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  • 69
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (36 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Schady, Norbert Seeking Votes
    Schlagwort(e): Allocation ; Business Cycles ; Business Environment ; Business in Development ; Competitiveness and Competition Policy ; Data On Expenditures ; Data Requirements ; Debt Markets ; Discretionary Funds ; Distribution Of Expenditures ; E-Government ; Econometric Techniques ; Expenditures ; Finance and Financial Sector Development ; Governance ; Health Systems Development and Reform ; Health, Nutrition and Population ; Outcomes ; Parliamentary Government ; Politicians ; Poverty Reduction ; Private Sector Development ; Public Expenditure ; Public Expenditures ; Public Sector Development ; Public Sector Expenditure Analysis and Management ; Social Expenditures ; Social Funds ; Social Policy ; Social Programs ; Social Services ; Stated Objectives ; Structural Adjustment ; Allocation ; Business Cycles ; Business Environment ; Business in Development ; Competitiveness and Competition Policy ; Data On Expenditures ; Data Requirements ; Debt Markets ; Discretionary Funds ; Distribution Of Expenditures ; E-Government ; Econometric Techniques ; Expenditures ; Finance and Financial Sector Development ; Governance ; Health Systems Development and Reform ; Health, Nutrition and Population ; Outcomes ; Parliamentary Government ; Politicians ; Poverty Reduction ; Private Sector Development ; Public Expenditure ; Public Expenditures ; Public Sector Development ; Public Sector Expenditure Analysis and Management ; Social Expenditures ; Social Funds ; Social Policy ; Social Programs ; Social Services ; Stated Objectives ; Structural Adjustment
    Kurzfassung: A revised version was published as The Political Economy of Expenditures by the Peruvian Social Fund (FONCODES), 1991-95. American Political Science Review 94 (2, June): 289-304, 2000. - As the literature on political influences on the allocation of discretionary funds predicts, spending by the Peruvian Social Fund, FONCODES, increased significantly before elections. FONCODES projects were also directed at provinces where the marginal political impact of expenditures was likely to be greatest. President Alberto Fujimori created the Peruvian Social Fund (FONCODES) in 1991 with the stated objectives of generating employment, helping to alleviate poverty, and improving access to social services. Schady uses province-level data on monthly expenditures, socioeconomic indicators, and electoral outcomes to analyze political influences on the timing and geographic distribution of FONCODES expenditures between 1991 and 1995. He finds that: ° FONCODES expenditures increased significantly before elections. ° FONCODES projects were directed at poor provinces, as well as provinces in which the marginal political impact of expenditures was likely to be greatest. The results are robust to many specifications and controls. The Peruvian data thus support predictions made in the literature on political business cycles as well as the literature on political influences on the allocation of discretionary funds. This paper - a product of the Poverty Division, Poverty Reduction and Economic Management Network - is part of a larger effort in the network to understand the functioning and impact of social funds
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  • 70
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (22 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Byamugisha, K.F. Frank The Effects of Land Registration on Financial Development and Economic Growth
    Schlagwort(e): Bank Policy ; Collateral ; Common Property Resource Development ; Communities & Human Settlements ; Contracts ; Debt Markets ; Depos Deposit Mobilization ; Economic Development ; Economic Theory and Research ; Emerging Markets ; Exchange ; Finance and Financial Sector Development ; Financial Development ; Financial Literacy ; Investment ; Labor Policies ; Land Title ; Land Titling ; Land Use and Policies ; Land and Real Estate Development ; Liquidity ; Macroeconomics and Economic Growth ; Markets ; Municipal Housing and Land ; Poverty Reduction ; Private Property ; Private Sector Development ; Property Rights ; Rural Development ; Rural Land Policies for Poverty Reduction ; Security ; Seizure ; Social Protections and Labor ; Transaction ; Transaction Costs ; Transactions ; Bank Policy ; Collateral ; Common Property Resource Development ; Communities & Human Settlements ; Contracts ; Debt Markets ; Depos Deposit Mobilization ; Economic Development ; Economic Theory and Research ; Emerging Markets ; Exchange ; Finance and Financial Sector Development ; Financial Development ; Financial Literacy ; Investment ; Labor Policies ; Land Title ; Land Titling ; Land Use and Policies ; Land and Real Estate Development ; Liquidity ; Macroeconomics and Economic Growth ; Markets ; Municipal Housing and Land ; Poverty Reduction ; Private Property ; Private Sector Development ; Property Rights ; Rural Development ; Rural Land Policies for Poverty Reduction ; Security ; Seizure ; Social Protections and Labor ; Transaction ; Transaction Costs ; Transactions
    Kurzfassung: November 1999 - A theoretical framework to guide empirical analysis of how land registration affects financial development and economic growth. The author develops a theoretical framework to guide empirical analysis of how land registration affects financial development and economic growth. Most conceptual approaches investigate the effects of land registration on only one sector, nut land registration is commonly observed to affect not only other sectors but the economy as a whole The author builds on the well-tested link between secure land ownership and farm productivity, adding to the framework theory about positive information and transaction costs. To map the relationship between land registration and financial development and economic growth, the framework links: -Land tenure security and investment incentives. -Land title, collateral, and credit. -Land markets, transactions, and efficiency. -Labor mobility and efficiency. -Land liquidity, deposit mobilization, and investment. Empirical results from applying the framework to a single case study - of Thailand, described in a separate paper - suggest that the framework is sound. This paper - a product of the Rural Development and Natural Resources Sector Unit, East Asia and Pacific Region - is part of a larger effort in the region to increase the effectiveness of country assistance strategies in the area of property rights and economic development
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  • 71
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (70 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Milanovic, Branko True World Income Distribution, 1988 and 1993
    Schlagwort(e): Consumption ; Economic Theory ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial Literacy ; Growth Models ; Health Systems Development and Reform ; Health, Nutrition and Population ; Household Income ; Household Surveys ; Income ; Income ; Income Differences ; Income Distribution ; Income Distribution Data ; Income Inequality ; Increasing Inequality ; Inequality ; Inequality ; Macroeconomics ; Macroeconomics and Economic Growth ; Mean Incomes ; Median Voter ; Median Voter Hypothesis ; Personal Income ; Political Economy ; Poverty Diagnostics ; Poverty Impact Evaluation ; Poverty Reduction ; Power Parity ; Private Sector Development ; Rising Inequality ; Rural Development ; Rural Poverty Reduction ; Services and Transfers to Poor ; Social Protections and Labor ; Consumption ; Economic Theory ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial Literacy ; Growth Models ; Health Systems Development and Reform ; Health, Nutrition and Population ; Household Income ; Household Surveys ; Income ; Income ; Income Differences ; Income Distribution ; Income Distribution Data ; Income Inequality ; Increasing Inequality ; Inequality ; Inequality ; Macroeconomics ; Macroeconomics and Economic Growth ; Mean Incomes ; Median Voter ; Median Voter Hypothesis ; Personal Income ; Political Economy ; Poverty Diagnostics ; Poverty Impact Evaluation ; Poverty Reduction ; Power Parity ; Private Sector Development ; Rising Inequality ; Rural Development ; Rural Poverty Reduction ; Services and Transfers to Poor ; Social Protections and Labor
    Kurzfassung: Inequality in world income is very high, according to household surveys, more because of differences between mean country incomes than because of inequality within countries. World inequality increased between 1988 and 1993, driven by slower growth in rural per capita incomes in populous Asian countries (Bangladesh, China, and India) than in large, rich OECD countries, and by increasing income differences between urban China on the one hand and rural China and rural India on the other. - Milanovic derives the distribution of individuals' income or expenditures for two years, 1988 and 1993. His is the first paper to calculate world distribution for individuals based entirely on data from household surveys. The data, from 91 countries, are adjusted for differences in purchasing power parity between the countries. Measured by the Gini index, inequality increased from an already high 63 in 1988 to 66 in 1993. This increase was driven more by rising differences in mean incomes between countries than by rising inequalities within countries. Contributing most to the inequality were rising urban-rural differences in China and the slower growth of rural purchasing-power-adjusted incomes in South Asia than in several large developed market economies. This paper - a product of Poverty and Human Resources, Development Research Group - is part of a larger effort in the group to study inequality and poverty in the world. Also published in The Economic Journal, January 2002 pp. 51-92 The author may be contacted at bmilanovicworldbank.org
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  • 72
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (42 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Estache, Antonio Privatization and Regulation of Transport Infrastructure in the 1990s
    Schlagwort(e): Air ; Airports ; Bus ; Costs ; Driving ; Infrastructure Projects ; Private Transport ; Public Works ; Rail ; Railways ; Roads ; Safety ; Toll ; Transport ; Transport ; Transport Activity ; Transport Economics, Policy and Planning ; Transport Infrastructure ; Transport Infrastructures ; Transport Operators ; Transport Policies ; Transport Projects ; Air ; Airports ; Bus ; Costs ; Driving ; Infrastructure Projects ; Private Transport ; Public Works ; Rail ; Railways ; Roads ; Safety ; Toll ; Transport ; Transport ; Transport Activity ; Transport Economics, Policy and Planning ; Transport Infrastructure ; Transport Infrastructures ; Transport Operators ; Transport Policies ; Transport Projects
    Kurzfassung: Learning to regulate fairly, effectively, and at arm's length may be the main challenge governments face in attracting private investment and financing to the transport sector. - Governments should increasingly be able to rely on the private sector for help supporting (and financing) the transport sector - especially infrastructure support services for which there is heavy demand - but first they must improve their regulatory tools and sort out the institutional mess surrounding the regulatory process. Some countries have put together creative restructuring models and financing designs that tap potential in the private sector. Roads will continue to need significant public funding, but there are innovative ways (including shadow tolls) to attract private financing for road maintenance and investment. Partnerships between the public and private sectors have remained largely untapped at ports and airports. To attract more private capital to the sector, regulators must know the cost of capital, know how to be fair to captive shippers, and have a better handle on demand - so they have more credibility when conflicts arise. Governments have overemphasized making deals and have generally underestimated the difficulty of taking on their new job as regulators. They are increasingly switching to contract-based regulation, to firm up the commitments of all parties involved, but are not adequately emphasizing contract design that anticipates problems and addresses unpredictable situations. This increases the risk of arbitrary regulatory rulings, which increases regulatory and political risks, which raises the expected rate of return required by potential investors. And all that makes future projects costlier or more difficult, adding to the effects of the 1998-99 financial crisis. As a result of increased risk, the two groups most interested in the sector are: · Large, strong operators in the sector - typically in tandem with local construction companies - that feel confident they can take on regulators in case of conflict. · Risk-takers carving a niche for themselves. Either way, taxpayers and transport users are exposed to government, regulator, or operator failures that result in contract renegotiations (the norm, rather than the exception, in transport infrastructure projects). Gains from privatization might not reach consumers, simply because governments are ignoring the importance of ensuring fair distribution of long-run gains through the early creation of independent and accountable regulatory institutions that work closely with effective competition agencies. This paper - a product of Governance, Regulation, and Finance, World Bank Institute - is part of a larger effort in the institute to increase understanding of infrastructure regulation. The author may be contacted at aestacheworldbank.org
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  • 73
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (26 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Ghani, Ejaz Productivity Growth, Capital Accumulation, and the Banking Sector
    Schlagwort(e): Accounting ; Accounting Framework ; Bank ; Banking ; Banking Sector ; Banking System ; Banks ; Banks and Banking Reform ; Capital ; Capital Employed ; Cred Debt ; Debt Markets ; Economic Growth ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial Literacy ; Foreign Exchange ; Labor ; Labor Policies ; Lending ; Macroeconomics and Economic Growth ; Poverty Reduction ; Private Sector Development ; Pro-Poor Growth ; Productivity ; Projects ; Risk ; Risk Management ; Savings ; Social Protections and Labor ; Wages ; Accounting ; Accounting Framework ; Bank ; Banking ; Banking Sector ; Banking System ; Banks ; Banks and Banking Reform ; Capital ; Capital Employed ; Cred Debt ; Debt Markets ; Economic Growth ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial Literacy ; Foreign Exchange ; Labor ; Labor Policies ; Lending ; Macroeconomics and Economic Growth ; Poverty Reduction ; Private Sector Development ; Pro-Poor Growth ; Productivity ; Projects ; Risk ; Risk Management ; Savings ; Social Protections and Labor ; Wages
    Kurzfassung: How did the East Asian miracle turn into one of the worst financial crises of the century? A case study of Malaysia provides some answers. - How did the East Asian miracle turn into one of the worst financial crises of the century? Ghani and Suri address the question using Malaysia as a case study. Many discussions of the East Asian crisis address proximate and short-run causes of the crisis, such as the current account deficit, exchange rate misalignment, and disproportionate short-run external debt relative to foreign exchange reserves. These indicators of vulnerability are themselves endogenous outcomes of deeper institutional features. Ghani and Suri argue that some long-term features of the development strategy that helped sustain high growth in the first place also contributed to the economy's increasing vulnerability. High output growth was driven by rapid growth in capital stock, for example. The banking sector played a critical role in transforming (and accelerating the transformation of) large savings into capital accumulation. But the banking sector may not have been allocating capital efficiently. Ghani and Suri find that the rapid growth in bank lending in Malaysia is negatively associated with total factor productivity growth. On the other hand, the economy's other structural strengths, such as openness to foreign direct investment and technology, helped improve productivity growth. Malaysia's exceptional growth record over the past quarter century was driven largely by the growth in physical capital stock. Total factor productivity growth may have slowed in the late 1990s, and sustaining high output growth will require greater emphasis on productivity improvements. Policies that encouraged the flow of foreign direct investment and better access to imported capital goods contributed to productivity growth. But rapid growth in bank lending relative to GDP may have slowed it. How policymakers can best slow the growth of credit is a question that remains unanswered. This paper - a product of the Poverty Reduction and Economic Management Sector Unit, East Asia and Pacific Region - is part of a larger effort in the region to better understand past and future sources of growth. The authors may be contacted at eghaniworldbank.org or vsuri@worldbank.org
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  • 74
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (114 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Madani, Dorsati A Review of the Role and Impact of Export Processing Zones
    Schlagwort(e): Banks and Banking Reform ; Capital Goods ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Environment ; Environment ; Environmental ; Environmental Economics and Policies ; Environmental Issues ; Finance and Financial Sector Development ; Financial Literacy ; Imports ; Incentives ; Income ; International Economics & Trade ; Investment ; Investments ; Knowledge ; Labor ; Labor Markets ; Labor Policies ; Macroeconomics and Economic Growth ; Markets ; Policy Instruments ; Private Sector Development ; Production ; Public Sector Development ; Revenue ; Social Protections and Labor ; Subsidies ; Technology ; Trade ; Trade Policy ; Unemployment ; Wages ; Banks and Banking Reform ; Capital Goods ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Environment ; Environment ; Environmental ; Environmental Economics and Policies ; Environmental Issues ; Finance and Financial Sector Development ; Financial Literacy ; Imports ; Incentives ; Income ; International Economics & Trade ; Investment ; Investments ; Knowledge ; Labor ; Labor Markets ; Labor Policies ; Macroeconomics and Economic Growth ; Markets ; Policy Instruments ; Private Sector Development ; Production ; Public Sector Development ; Revenue ; Social Protections and Labor ; Subsidies ; Technology ; Trade ; Trade Policy ; Unemployment ; Wages
    Kurzfassung: As instruments for encouraging economic development, export processing zones have only limited usefulness. A better policy choice is general liberalization of a country's economy. - Traditional export processing zones are fenced-in industrial estates specializing in manufacturing for exports. Modern ones have more flexible rules, such as permitting more liberal domestic sales. They provide a free-trade and liberal regulatory environment for the firms involved. Their primary goals: to provide foreign exchange earnings by promoting nontraditional exports, to provide jobs and create income, and to attract foreign direct investment and attendant technology transfer and knowledge spillover. Domestic, international, or joint venture firms operating in export processing zones typically benefit from reduced red tape, flexible labor laws, generous long-term tax holidays and concessions, above-average communications services and infrastructure (and often subsidized utilities and rental rates), and unlimited duty-free imports of raw and intermediate inputs and capital goods needed for production. In this review of experience, Madani concludes that export processing zones have limited applications; the better policy choice is to liberalize a country's entire economy. Under certain conditions - including appropriate setup and good management - export processing zones can play a dynamic role in a country's development, but only as a transitional step in an integrated movement toward general liberalization of the economy (with revisions as national economic conditions change). The World Bank, writes Madani, should be cautious about supporting export processing zone projects, doing so only on a case-by-case basis, only with expert guidance, and only as part of a general reform package. It should not support isolated export processing zone projects in unreformed or postreform economies (in the last case they might encourage backsliding on trade policy). In general, if a policy is good for the economy as a whole, it is likely to be good for an export processing zone. Sound policy will encourage: · Sound, stable monetary and fiscal policies, clear private property and investment laws, and a business-friendly economic environment. · Moderate, simplified (but not overfriendly) corporate tax schedules, and generally liberal tariffs and other trade taxes. · Private development and management of export processing zones and their infrastructure and unsubsidized utilities. · Labor laws that are business-friendly but do not abuse workers' safety and labor rights. · A better understanding of the impact of industrial refuse on the quality of air, soil, water, and human health. This paper - a product of Trade, Development Research Group - is part of a larger effort in the group to understand the impact of trade policy and trade policy tools on development. The author may be contacted at dmadaniworldbank.org
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  • 75
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (40 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Reinikka, Ritva Confronting Competition Investment Response and Constraints in Uganda
    Schlagwort(e): Banks and Banking Reform ; Capital Investment ; Debt Markets ; Economic Liberalization ; Economic Theory and Research ; Emerging Markets ; Finance ; Finance and Financial Sector Development ; Financial Literacy ; Financial Support ; Future ; Good ; Infrastructure Economics and Finance ; Investing ; Investment ; Investment Rates ; Investment and Investment Climate ; Labor Policies ; Liquidity ; Liquidity Constraint ; Macroeconomic Management ; Macroeconomic Policies ; Macroeconomics and Economic Growth ; Microfinance ; Non Bank Financial Institutions ; Private Investment ; Private Participation in Infrastructure ; Private Sector Development ; Prof Profits ; Public Investment ; Return ; Share ; Social Protections and Labor ; Tax ; Banks and Banking Reform ; Capital Investment ; Debt Markets ; Economic Liberalization ; Economic Theory and Research ; Emerging Markets ; Finance ; Finance and Financial Sector Development ; Financial Literacy ; Financial Support ; Future ; Good ; Infrastructure Economics and Finance ; Investing ; Investment ; Investment Rates ; Investment and Investment Climate ; Labor Policies ; Liquidity ; Liquidity Constraint ; Macroeconomic Management ; Macroeconomic Policies ; Macroeconomics and Economic Growth ; Microfinance ; Non Bank Financial Institutions ; Private Investment ; Private Participation in Infrastructure ; Private Sector Development ; Prof Profits ; Public Investment ; Return ; Share ; Social Protections and Labor ; Tax
    Kurzfassung: November 1999 - While macroeconomic reforms are necessary, firms' investment response is likely to remain limited without an accompanying improvement in public sector performance. Investment rates in Uganda are similar to others in Africa - averaging slightly more than 10 percent annually, with a median value of just under 1 percent. But the country's profit rates are considerably lower. These results are consistent with the view that Ugandan firms display more confidence in the economy than their counterparts in other African countries. Thus, for given profit rates, Ugandan firms invest more. At the same time, increased competition (because of economic liberalization) has exerted pressure on firms to cut costs. Many of those costs are not under the firms' control, however, so their profits have suffered. Using firm-level data, Reinikka and Svensson identify and quantify a number of cost factors, including those associated with transport, corruption, and utility services. Several factors - including crime, erratic infrastructure services, and arbitrary tax administration - not only increase firms' operating costs but affect their perceptions of the risks of investing in (partly) irreversible capital. The empirical analysis suggests that firms - especially small firms - are liquidity-constrained in the sense that they invest only when sufficient internal funds are available. But given the firms' profit-capital ratio, it is hard to argue that the liquidity constraint is binding in most cases, even though the cost of capital is perceived as a problem. This paper - a joint product of Macroeconomics 2, Africa Region, and Public Economics and Macroeconomics and Growth, Development Research Group - is part of a larger effort in the Bank to study economic policy, public service delivery, and growth. The authors may be contacted at rreinikkaworldbank.org or jsvensson@worldbank.org
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  • 76
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (20 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Canning, David Infrastructure's Contribution to Aggregate Output
    Schlagwort(e): Capital ; Economic Growth ; Economic Theory and Research ; Externalities ; Externality ; Human Capital ; Income ; Income Levels ; Inputs ; Investment ; Labor Policies ; Macroeconomics and Economic Growth ; Marginal Productivity ; Marginal Products ; Outcomes ; Prices ; Production ; Production Function ; Productivity ; Social Protections and Labor ; Taxation ; Telecommunications ; Theory ; Total Factor Productivity ; Transport ; Transport Economics, Policy and Planning ; Variables ; Capital ; Economic Growth ; Economic Theory and Research ; Externalities ; Externality ; Human Capital ; Income ; Income Levels ; Inputs ; Investment ; Labor Policies ; Macroeconomics and Economic Growth ; Marginal Productivity ; Marginal Products ; Outcomes ; Prices ; Production ; Production Function ; Productivity ; Social Protections and Labor ; Taxation ; Telecommunications ; Theory ; Total Factor Productivity ; Transport ; Transport Economics, Policy and Planning ; Variables
    Kurzfassung: Of the major kinds of physical infrastructure, electricity generating capacity has roughly the same marginal productivity as physical capital as a whole. So have roads-plus-rail, globally and in lower-income countries. Telephones, however, and transport routes in higher-income countries, have higher marginal productivity than other kinds of capital. - Using panel data for a cross-section of countries, Canning estimates an aggregate production function that includes infrastructure capital. He finds that: · The productivity of physical and human capital is close to the levels suggested by microeconomic evidence on their private returns. · Electricity generating capacity and transportation networks have roughly the same marginal productivity as capital as a whole. · Telephone networks appear to show higher marginal productivity than other types of capital. Panel data cointegration methods used in estimation take account of the nonstationary nature of the data, are robust to reverse causation, and allow for different levels of productivity and different short-run business-cycle and multiplier relationships across countries. This paper - a product of Public Economics, Development Research Group - is part of a larger effort in the group to study the impact of public expenditures. The study was funded by the Bank's Research Support Budget under the research project Infrastructure and Growth: A Multicountry Panel Study (RPO 680-89). The author may be contacted at d.canningqub.ac.uk
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  • 77
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (30 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Estache, Antonio Argentina's Transport Privatization and Re-Regulation
    Schlagwort(e): Airport ; Airport Authority ; Commuters ; Costs ; Infrastructure ; Investments ; Modal Shift ; Port Services ; Rail ; Railroad ; Railways ; Road Transport ; Roads ; Subsidy ; Subway ; Traffic ; Transport ; Transport ; Transport Economics ; Transport Economics, Policy and Planning ; Transport Sector ; Trucks ; Airport ; Airport Authority ; Commuters ; Costs ; Infrastructure ; Investments ; Modal Shift ; Port Services ; Rail ; Railroad ; Railways ; Road Transport ; Roads ; Subsidy ; Subway ; Traffic ; Transport ; Transport ; Transport Economics ; Transport Economics, Policy and Planning ; Transport Sector ; Trucks
    Kurzfassung: November 1999 - Argentina's policy for reform of the transport sector has been a mix of competition in the market and, through concessions, for the market. Capacity has increased, demand has grown, and prices and services have improved. Public financing has not been eliminated but it has been drastically reduced. When Argentina initiated reform of its transport sector in 1989, it had few models to follow. It was the first Latin American country to privatize its intercity railroad, to explicitly organize intraport competition, and to grant a private concession to operate its subway. It was second (after Japan) to privatize its urban commuter railways and one of the first in the developing world to grant road concessions to private operators. Argentina's experience shows that transport privatization and deregulation provide efficiency gains that can be delivered to users. Despite unexpectedly high residual subsidy requirements, fiscal costs are lower, services have improved, and new investment is taking place. Argentina's decade-long experience shows that the reform process involves learning by doing. Inexperienced new regulators quickly face the challenges in controlling monopoly power and providing long-run incentives for private investment. Designing sustainable reform requires a commitment by government to minimize its role in the sector and to respect its original promises to both users and concessionaires. Argentina has learned the importance of building up the regulatory capacity needed to monitor contracts, especially when initial uncertainty about demand and cost conditions is strong and renegotiation is the probable outcome of daring reform. The government's main challenge in monitoring contracts is to get enough information to reach a balance in its decisions about distributing efficiency gains fairly between consumers and private investors. This is one area in which Argentina may not yet have met the challenge. As the last wave of contract extensions in rail and roads comes to an end, one issue is likely to be the need for better targeting of subsidies for the poor. This paper - a product of Governance, Regulation, and Finance, World Bank Institute - is part of a larger effort in the institute to increase understanding of infrastructure regulation. Antonio Estache may be contacted at aestacheworldbank.org
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  • 78
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (18 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Wei, Shang-Jin Does Corruption Relieve Foreign Investors of the Burden of Taxes and Capital Controls?
    Schlagwort(e): Capital Account ; Capital Control ; Capital Controls ; Currencies and Exchange Rates ; Debt Markets ; Domestic Capital ; Economic Theory and Research ; Emerging Markets ; Exchange ; Finance and Financial Sector Development ; Financial Institutions ; Foreign Direct Investment ; Foreign Direct Investment ; Foreign Firms ; Foreign Investment ; Foreign Investors ; Income ; International Economics & Trade ; International Investors ; Investment ; Investment and Investment Climate ; Macroeconomics and Economic Growth ; Price ; Private Sector Development ; Public Policy ; Share ; Tax ; Tax Rate ; Tax Rates ; Taxation and Subsidies ; Taxes ; Capital Account ; Capital Control ; Capital Controls ; Currencies and Exchange Rates ; Debt Markets ; Domestic Capital ; Economic Theory and Research ; Emerging Markets ; Exchange ; Finance and Financial Sector Development ; Financial Institutions ; Foreign Direct Investment ; Foreign Direct Investment ; Foreign Firms ; Foreign Investment ; Foreign Investors ; Income ; International Economics & Trade ; International Investors ; Investment ; Investment and Investment Climate ; Macroeconomics and Economic Growth ; Price ; Private Sector Development ; Public Policy ; Share ; Tax ; Tax Rate ; Tax Rates ; Taxation and Subsidies ; Taxes
    Kurzfassung: October 1999 - Other things being equal, countries with higher tax rates, more corruption, or more restrictions on capital account transactions attract less foreign investment. Taxes and capital controls hinder foreign investment, and bureaucratic corruption adds to those burdens rather than reducing them. In a sample of 14 source countries making bilateral investments in 45 host countries, Wei finds that taxes, capital controls, and corruption all have large, statistically significant negative effects on foreign investment. Moreover, there is no robust support in the data for the efficient grease hypothesis - that corruption helps attract foreign investment by reducing firms' tax burden and the irritant of capital controls. This paper - a product of Public Economics, Development Research Group - is part of a larger effort in the group to study effective anticorruption strategies. It will appear as a chapter in a book on taxation and foreign direct investment edited by James Hines Jr. and to be published by the University of Chicago Press for the National Bureau of Economic Research. The author may be contacted at sweiworldbank.org
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  • 79
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (30 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Finger, Michael J Market Access Bargaining in the Uruguay Round
    Schlagwort(e): Concessions ; Debt Markets ; Domestic Market ; Duty Reduction ; Export Industries ; Exports ; Finance and Financial Sector Development ; Foreign Markets ; Free Trade ; International Economics & Trade ; International Trade ; International Trade and Trade Rules ; Market Access ; Market Access Bargaining ; Public Sector Development ; Reciprocal Concessions ; Reciprocal Reduction ; Reciprocity ; Tariff ; Tariff Concessions ; Tariffs ; Trade Liberalization ; Trade Negotiations ; Trade Policy ; Trade Restrictions ; Unilateral Free Trade ; Unilateral Liberalization ; Concessions ; Debt Markets ; Domestic Market ; Duty Reduction ; Export Industries ; Exports ; Finance and Financial Sector Development ; Foreign Markets ; Free Trade ; International Economics & Trade ; International Trade ; International Trade and Trade Rules ; Market Access ; Market Access Bargaining ; Public Sector Development ; Reciprocal Concessions ; Reciprocal Reduction ; Reciprocity ; Tariff ; Tariff Concessions ; Tariffs ; Trade Liberalization ; Trade Negotiations ; Trade Policy ; Trade Restrictions ; Unilateral Free Trade ; Unilateral Liberalization
    Kurzfassung: December 1999 - The Uruguay Round tariff negotiations did not achieve a country-by-country balancing of concessions given and concessions received. How governments bargained was determined less by their national interests than by the interests of their politically important industrial constituencies. How tightly are trade negotiators held to winning a dollar of concession for each dollar of concession granted? The outcome of the Uruguay Round tariff negotiations suggests that such constraints were not tight. None of the delegations interviewed by Finger, Reincke, and Castro had tried to calculate for themselves the extent of concessions received. And the surplus or deficit of concessions received (over concessions given) varied widely among countries. Measuring the percentage point dollar of concessions given and received (a percentage point dollar being a reduction of the tariff by one percentage point on
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  • 80
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (36 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Ravallion, Martin When Is Growth Pro-Poor?
    Schlagwort(e): Absolute Poverty ; Economic Growth ; Farm Growth ; Farm Output ; Farm Productivity ; Food Policy ; Health, Nutrition and Population ; Household Income ; Household Surveys ; Human Development ; Inequality ; Measures ; Poor ; Population Policies ; Poverty ; Poverty Alleviation ; Poverty Measurement ; Poverty Reducing ; Poverty Reduction ; Poverty Reduction ; Pro-Poor Growth ; Rural ; Rural Development ; Rural Development ; Rural Living Standards ; Rural Poverty Reduction ; Absolute Poverty ; Economic Growth ; Farm Growth ; Farm Output ; Farm Productivity ; Food Policy ; Health, Nutrition and Population ; Household Income ; Household Surveys ; Human Development ; Inequality ; Measures ; Poor ; Population Policies ; Poverty ; Poverty Alleviation ; Poverty Measurement ; Poverty Reducing ; Poverty Reduction ; Poverty Reduction ; Pro-Poor Growth ; Rural ; Rural Development ; Rural Development ; Rural Living Standards ; Rural Poverty Reduction
    Kurzfassung: December 1999 - Nonfarm economic growth in India had very different effects on poverty in different states. Nonfarm growth was least effective at reducing poverty in states where initial conditions were poor in terms of rural development and human resources. Among initial conditions conducive to pro-poor growth, literacy plays a notably positive role. Ravallion and Datt use 20 household surveys for India's 15 major states, spanning 1960-94, to study how initial conditions and the sectoral composition of economic growth interact to influence how much economic growth reduced poverty. The elasticities of measured poverty to farm yields and development spending did not differ significantly across states. But the elasticities of poverty to (urban and rural) nonfarm output varied appreciably, and the differences were quantitatively important to the overall rate of poverty reduction. States with initially lower farm productivity, lower rural living standards relative to those in urban areas, and lower literacy experienced a less pro-poor growth process. This paper - a joint product of Poverty and Human Resources, Development Research Group, and the Poverty Reduction and Economic Management Sector Unit, South Asia Region - is part of a larger effort in the Bank to better understand the conditions required for pro-poor growth. The authors may be contacted at mravallionworldbank.org or gdatt@worldbank.org
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  • 81
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (56 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Milanovic, Branko Do More Unequal Countries Redistribute More?
    Schlagwort(e): Consumption ; Disposable Income ; Economic Mechanism ; Economic Theory and Research ; Emerging Markets ; Endogenous Growth ; Factor Income ; Finance and Financial Sector Development ; Financial Literacy ; Fiscal and Monetary Policy ; Growth Rate ; Growth Theories ; Income ; Income ; Income Distribution ; Income Groups ; Income Inequality ; Inequality ; Inequality ; Investment and Investment Climate ; Labor Policies ; Macroeconomics and Economic Growth ; Mean Income ; Median Voter ; Median Voter Hypothesis ; Personal Income ; Personal Income Taxes ; Political Mechanism ; Poverty Impact Evaluation ; Poverty Reduction ; Private Sector Development ; Public Choice ; Public Sector Development ; Services and Transfers to Poor ; Significant Relationship ; Social Protections and Labor ; Consumption ; Disposable Income ; Economic Mechanism ; Economic Theory and Research ; Emerging Markets ; Endogenous Growth ; Factor Income ; Finance and Financial Sector Development ; Financial Literacy ; Fiscal and Monetary Policy ; Growth Rate ; Growth Theories ; Income ; Income ; Income Distribution ; Income Groups ; Income Inequality ; Inequality ; Inequality ; Investment and Investment Climate ; Labor Policies ; Macroeconomics and Economic Growth ; Mean Income ; Median Voter ; Median Voter Hypothesis ; Personal Income ; Personal Income Taxes ; Political Mechanism ; Poverty Impact Evaluation ; Poverty Reduction ; Private Sector Development ; Public Choice ; Public Sector Development ; Services and Transfers to Poor ; Significant Relationship ; Social Protections and Labor
    Kurzfassung: December 1999 - The data strongly support the hypothesis that countries with more unequal distribution of factor income redistribute more in favor of the poor - even when the analysis controls for older people's share in total population (that is, for pension transfers). But the evidence on the median voter hypothesis is inconclusive even if middle-income groups gain more (or lose less) through redistribution in countries where initial (factor) income distribution is more unequal. The median voter hypothesis is important to endogenous growth theories because it provides the political mechanism through which voters in more unequal countries redistribute a greater proportion of income and thus (it is argued), by blunting incentives, reduce the country's growth rate. But the hypothesis was never properly tested because of lack of data on the distribution of (pre-tax and transfer) factor income across households, and hence on the exact amount of gain by the poorest quintile or poorest half. Milanovic tests the hypothesis using 79 observations drawn from household budget surveys from 24 democracies. The data strongly support the hypothesis that countries with more unequal distribution of factor income redistribute more in favor of the poor - even when the analysis controls for the older people's share in total population (that is, for pension transfers). The evidence on the median voter hypothesis is much weaker. Milanovic does find that middle-income groups gain more (or lose less) through redistribution in countries where initial (factor) income distribution is more unequal. This regularity evaporates, however, when pensions are dropped from social transfers and the focus is strictly on the more redistributive social transfers. This paper - a product of Poverty and Human Resources, Development Research Group - is part of a larger effort in the group to study the relationship between democracy and inequality. The study was funded in part by the Bank's Research Support Budget under the research project Democracy, Redistribution, and Inequality (RPO 683-01). Also published as “The median voter hypothesis, income inequality and income redistribution: An empirical test with the required data”, European Journal of Political Economy , vol. 16, No. 3, September 2000, pp. 367-410. The author may be contacted at bmilanovicworldbank.org
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  • 82
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (32 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Lokshin, Michael Single Mothers in Russia
    Schlagwort(e): Child Care ; Childbearing ; Communities & Human Settlements ; Divorce ; Family Income ; Finance and Financial Sector Development ; Financial Literacy ; Gender ; Gender and Law ; Health Care ; Health Systems Development and Reform ; Health, Nutrition and Population ; Housing and Human Habitats ; Infant ; Infant Health ; Labor Market ; Law and Development ; Male Mortality ; Mother ; Nutrition ; Opportunities For Women ; Population ; Population Center ; Population Policies ; Population and Development ; Poverty ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Safety Net ; Single Mothers ; Single-Parent Families ; Single-Parent Households ; Social Concern ; Social Development ; Social Inclusion and Institutions ; Child Care ; Childbearing ; Communities & Human Settlements ; Divorce ; Family Income ; Finance and Financial Sector Development ; Financial Literacy ; Gender ; Gender and Law ; Health Care ; Health Systems Development and Reform ; Health, Nutrition and Population ; Housing and Human Habitats ; Infant ; Infant Health ; Labor Market ; Law and Development ; Male Mortality ; Mother ; Nutrition ; Opportunities For Women ; Population ; Population Center ; Population Policies ; Population and Development ; Poverty ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Safety Net ; Single Mothers ; Single-Parent Families ; Single-Parent Households ; Social Concern ; Social Development ; Social Inclusion and Institutions
    Kurzfassung: March 2000 - Because of the decline in government assistance that accompanied economic reform in Russia, single mothers there - facing a greater risk of poverty - are increasingly choosing to live with other adults or relatives. Lokshin, Harris, and Popkin describe trends in single parenthood in Russia, examining factors that affect living arrangements in single-mother families. Before economic reform, single mothers and their children were somewhat protected from poverty by government assistance (income support, subsidized child care, and full employment guarantees). Economic reform in Russia has reduced government transfers, eliminated publicly subsidized preschool care programs, and worsened women's opportunities in the labor market. The loss of government support has eroded family stability and left single mothers at increased risk of poverty. Over the last decade, the proportion of households headed by women has increased rapidly, raising the risk of poverty. Single-parent families now represent nearly a quarter of all Russian households. Using seven rounds of data from the Russian Longitudinal Monitoring Survey, the authors investigate how household living arrangements and other factors affect income in single-mother families. They find that a single parent with more earning power and child benefits is more likely not to live with relatives. But single mothers are increasingly choosing to live with other adults or relatives to survive and to raise their children in times of economic stress and uncertainty. Half of all single mothers in Russia live with their parents, their adult siblings, or other adult relatives. Help from relatives is important to single-mother families, and that help - including the sharing of domestic and child-care duties - is more efficient and productive when the single parent lives with the family. The other half live in independent residences and face increased risk of poverty. This paper - a product of Poverty and Human Resources, Development Research Group - is part of a larger effort in the group to understand the mechanisms used by households in transition economies to cope with poverty
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  • 83
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (40 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Majnoni, Giovanni International Contagion
    Schlagwort(e): Bankruptcy and Resolution of Financial Distress ; Currencies and Exchange Rates ; Currency ; Currency Crises ; Debt Markets ; Deposit Insurance ; Emerging Markets ; Exchange ; Exchange Rate ; External Debts ; Finance and Financial Sector Development ; Financial Contagion ; Financial Crises ; Financial Fragility ; Foreign Interest ; Guarantees ; Interest Rates ; International Financial Contagion ; International Investors ; Liability ; Liquidity ; Market ; Maturity ; Options ; Policy Responses ; Private Sector Development ; Short-Term Debt ; Bankruptcy and Resolution of Financial Distress ; Currencies and Exchange Rates ; Currency ; Currency Crises ; Debt Markets ; Deposit Insurance ; Emerging Markets ; Exchange ; Exchange Rate ; External Debts ; Finance and Financial Sector Development ; Financial Contagion ; Financial Crises ; Financial Fragility ; Foreign Interest ; Guarantees ; Interest Rates ; International Financial Contagion ; International Investors ; Liability ; Liquidity ; Market ; Maturity ; Options ; Policy Responses ; Private Sector Development ; Short-Term Debt
    Kurzfassung: March 2000 - What can the international community do to prevent financial contagion? Chang and Majnoni try to identify and evaluate the public policy implications of financial contagion on the basis of a very simple model of financial crises. In this model, financial contagion can be driven by a combination of fundamentals and by self-fulfilling market expectations. The model allows the authors to identify different notions of contagion, especially the distinction between monsoonal effects, spillovers, and switchers between equilibria. They discuss both domestic and international policy options. Domestic policies, they say, should be aimed at reducing financial fragility - that is, reducing unnecessary short-term debt commitments. With explicit commitments, the maturity of external debts should be lengthened. With implicit commitments, such as private liability guarantees, they emphasize limiting or eliminating such guarantees, to improve an economy's international liquidity and reduce its exposure to contagion. Internationally, they stress the need for improving financial standards, which makes it easier to assess when a country is subject to different kinds of contagion. The effectiveness of international rescue packages depends on the kind of contagion to which a country is exposed. Implications: The international community should help those countries that are already helping themselves. This paper - a product of the Financial Sector Strategy and Policy Group - is part of a larger effort in the group to study the determinants and policy implications of international financial contagion. The author Giovanni Majnoni may be contacted at gmajnoniworldbank.org
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  • 84
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (38 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Loayza, Norman What Drives Private Saving around the World?
    Schlagwort(e): Capital Gains ; Central Bank ; Currencies and Exchange Rates ; Debt Markets ; Demographic ; Developing Countries ; Developing Country ; Disposable Income ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial Literacy ; Fiscal Policy ; Housing Lending ; Income ; Inequality ; Inflation Episodes ; Interest ; Interest Rate ; Interest Rates ; Liberalization ; Macroeconomics and Economic Growth ; Pension ; Pension System ; Poverty Reduction ; Prices ; Private Saving ; Private Sector Development ; Pro-Poor Growth ; Public Policies ; Trade ; Capital Gains ; Central Bank ; Currencies and Exchange Rates ; Debt Markets ; Demographic ; Developing Countries ; Developing Country ; Disposable Income ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial Literacy ; Fiscal Policy ; Housing Lending ; Income ; Inequality ; Inflation Episodes ; Interest ; Interest Rate ; Interest Rates ; Liberalization ; Macroeconomics and Economic Growth ; Pension ; Pension System ; Poverty Reduction ; Prices ; Private Saving ; Private Sector Development ; Pro-Poor Growth ; Public Policies ; Trade
    Kurzfassung: March 2000 - Saving rates vary considerably across countries and over time. Policies that spur development are an indirect but effective way to raise private saving rates - which rise with the level and growth rate of real per capita income. Loayza, Schmidt-Hebbel, and Servén investigate the policy and nonpolicy factors behind saving disparities, using a large panel data set and an encompassing approach including several relevant determinants of private saving. They extend the literature in several dimensions by: · Using the largest data set on aggregate saving assembled to date. · Using panel instrumental variable techniques to correct for endogeneity and heterogeneity. · Performing robustness checks on changes in estimation procedures, data samples, and model specification. Their main empirical findings: · Private saving rates show considerable inertia (are highly serially correlated even after controlling for other relevant factors). · Private saving rates rise with the level and growth rate of real per capita income. So policies that spur development are an indirect but effective way to raise private saving rates. · Predictions of the life-cycle hypothesis are supported in that dependency ratios generally have a negative effect on private saving rates. · The precautionary motive for saving is supported by the finding that inflation - conventionally taken as a summary measure of macroeconomic volatility - has a positive impact on private saving, holding other facts constant. · Fiscal policy is a moderately effective tool for raising national saving. · The direct effects of financial liberalization are largely detrimental to private saving rates. Greater availability of credit reduces the private saving rate; financial depth and higher real interest rates do not increase saving. This paper - a product of Macroeconomics and Growth, Development Research Group - is part of a larger effort in the group to understand the determinants of saving in developing countries. The study was funded by the Bank's Research Support Budget under the research project Saving in the World: Puzzles and Policies (RPO 681-36). The authors may be contacted at nloayzaworldbank.org or lserven@worldbank.org
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  • 85
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (50 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Eskel, S. Gunnar Externalities and Production Efficiency
    Schlagwort(e): Commodity Taxes ; Economic Welfare ; Economics ; Efficiency ; Emission Standards ; Emission Tax ; Emissions ; Environment ; Environment ; Environmental ; Environmental Economics and Policies ; Environmental Management ; Environmental Protection ; Externalities ; Macroeconomics and Economic Growth ; Marginal Costs ; Polluters ; Pollution ; Pollution Abatement ; Pollution Management and Control ; Production ; Revenue ; Taxation ; Taxation and Subsidies ; Taxes ; Commodity Taxes ; Economic Welfare ; Economics ; Efficiency ; Emission Standards ; Emission Tax ; Emissions ; Environment ; Environment ; Environmental ; Environmental Economics and Policies ; Environmental Management ; Environmental Protection ; Externalities ; Macroeconomics and Economic Growth ; Marginal Costs ; Polluters ; Pollution ; Pollution Abatement ; Pollution Management and Control ; Production ; Revenue ; Taxation ; Taxation and Subsidies ; Taxes
    Kurzfassung: April 2000 - Environmental improvements should be sought from different polluters (public or private, producer or consumer, rich or poor) at the same cost, regardless of the nature of the polluting activity. Under a plausible structure of monitoring costs, emissions standards play a central role. Eskeland brings together two of government's primary challenges: environmental protection and taxation to generate revenues. If negative externalities can be reduced not only by changes in consumption patterns but also by making each activity cleaner (abatement efforts), how shall inducements to various approaches be combined? If negative externalities are caused by agents as different as consumers, producers, and government, how does optimal policy combine inducements to reduce pollution? Intuitively it seems right to tax emissions neutrally, based on marginal damages - no matter which activity pollutes or whether the polluter is rich or poor, consumer or producer, private or public. Eskeland provides a theoretical basis for such simplicity. Three assumptions are critical to his analysis: · Returns to scale do not influence the traditional problem of revenue generation. · Consumers have equal access to pollution abatement opportunities (but he also relaxes this assumption). · Planners can differentiate policy instruments (emission taxes or abatement standards) by polluting good, and by whether the polluter is a consumer, producer, or government, but they cannot differentiate such instruments (or commodity taxes) by personal characteristics or make them nonlinear in individual emissions. Among Eskeland's findings and conclusions: Abatement efforts and consumption adjustments at all stages are optimally stimulated by a uniform emission tax levied simply where emissions occur. It simplifies things that optimal abatement is independent of whether the car is used by government, firms, or households - for weddings or for work. It also simplifies implementation that the stimulus to abatement at one stage (say, the factory) is independent of whether it yields emission reductions from the factory or from others (say, from car owners who buy the factory's products). Finally, ministers of finance and of the environment should coordinate efforts, but they need not engage in each other's business. The minister of environment need not know which commodities are elastic in demand and thus would bear a low commodity tax. The finance minister need not know which commodities or agents pollute or who pays emission taxes. This paper - a product of Public Economics, Development Research Group - is part of a larger effort in the group to establish principles for public intervention. The author may be contacted at geskelandworldbank.org
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  • 86
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (32 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Pinto, Brian Give Growth and Macroeconomic Stability in Russia a Chance
    Schlagwort(e): Arrears ; Banks and Banking Reform ; Budget ; Budgets ; Corporate Governance ; Credibility ; Debt Markets ; Devaluation ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial Literacy ; Foreign Direct Investment ; Government Spending ; Inflation ; Investment ; Investment Climate ; Macroeconomic Environment ; Macroeconomics and Economic Growth ; Nonpayment ; Nonpayments ; Oil Prices ; Private Sector Development ; Promissory Notes ; Public Debt ; Public Sector Economics and Finance ; Settlement ; Soft Budget Constraints ; Tax ; Taxation and Subsidies ; Arrears ; Banks and Banking Reform ; Budget ; Budgets ; Corporate Governance ; Credibility ; Debt Markets ; Devaluation ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial Literacy ; Foreign Direct Investment ; Government Spending ; Inflation ; Investment ; Investment Climate ; Macroeconomic Environment ; Macroeconomics and Economic Growth ; Nonpayment ; Nonpayments ; Oil Prices ; Private Sector Development ; Promissory Notes ; Public Debt ; Public Sector Economics and Finance ; Settlement ; Soft Budget Constraints ; Tax ; Taxation and Subsidies
    Kurzfassung: April 2000 - In Russia, implicit subsidies amounting to 10 percent of GDP per year in the form of nonpayments have stifled growth, contributed to the August 1998 macroeconomic crisis through their impact on public debt, and made at best a questionable contribution to equity. Hardening budgets requires that these nonpayments - or mutual arrears and noncash settlements among the government, the energy monopolies, and manufacturing firms - be eliminated with energy bills, taxes and budgetary spending settled on time and in cash. Pinto, Drebentsov, and Morozov analyze the links between Russia's disappointing growth performance in the second half of the 1990s, its costly and unsuccessful stabilization, the macroeconomic meltdown of 1998, and the spectacular rise of nonpayments. Nonpayments flourished in an environment of fundamental inconsistency between a macroeconomic policy geared at sharp disinflation and a microeconomic policy of bailing enterprises out through soft budget constraints. Heavy untargeted implicit subsidies flowing through the nonpayments system (amounting to 10 percent of GDP annually) have stifled growth, contributed to the August 1998 meltdown through their impact on public debt, and have made at best a questionable contribution to equity. Dismantling this system must be a top priority, along with promoting enterprise restructuring and growth (by hardening budget constraints) and medium-term macroeconomic stability (by reducing the size of subsidies). Getting the government out of the nonpayments system means settling all appropriately controlled budgetary expenditures on time and in cash, and eschewing spending arrears, thereby setting an example for enterprises and laying the groundwork for eliminating tax offsets at all levels of government, and insisting on cash tax payments. To stop energy-related subsidies would require not only that the government pay its own energy bills on time and in cash, but also that the energy monopolies be empowered to disconnect nonpaying clients. This will enable the government to insist that the energy monopolies in turn pay their own taxes in full and on time. This paper - a product of the Economics Unit, World Bank Office, Moscow - was produced as part of the Economic and Sector Work Program, Poverty Reduction and Economic Management Sector Unit, Europe and Central Asia Region
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  • 87
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (36 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Milanovic, Branko Social Transfers and Social Assistance
    Schlagwort(e): Cash Transfers ; Finance and Financial Sector Development ; Financial Literacy ; Household Budget ; Household Per Capita Income ; Household Survey ; Income ; Income Distribution ; Insurance ; Poor ; Poor Households ; Poor Individuals ; Poverty ; Poverty Alleviation ; Poverty Assessments ; Poverty Impact Evaluation ; Poverty Line ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Services and Transfers to Poor ; Social Assistance ; Targeting ; Transfers ; Transfers In Kind ; Transition Economies ; Unemployment ; Cash Transfers ; Finance and Financial Sector Development ; Financial Literacy ; Household Budget ; Household Per Capita Income ; Household Survey ; Income ; Income Distribution ; Insurance ; Poor ; Poor Households ; Poor Individuals ; Poverty ; Poverty Alleviation ; Poverty Assessments ; Poverty Impact Evaluation ; Poverty Line ; Poverty Reduction ; Rural Development ; Rural Poverty Reduction ; Services and Transfers to Poor ; Social Assistance ; Targeting ; Transfers ; Transfers In Kind ; Transition Economies ; Unemployment
    Kurzfassung: April 2000 - In Latvia, only 1.5 percent of households receive social assistance, which for those households represents 20 percent of income. The allocation of social assistance is unequal. Urban households outside the capital (Riga) and those headed by male adults are systematically discriminated against. Because social assistance is locally financed, poor households in different parts of the country are treated unequally. Milanovic assesses the performance of Latvia's system of social transfers, in three ways: First, he analyzes the incidence (who receives transfers) of pensions, family allowances, unemployment benefits, and social assistance. Per capita analysis shows pensions tending to be pro-rich and families allowances pro-poor (a finding typical in poverty analyses). Introducing an equivalence scale alters the results and shows all individual cash transfers performing about the same: mildly pro-poor. Next, he examines the performance of social assistance, which is, by definition, directed to the poor. He shows that Latvia's current system is concentrated - meaning that social assistance is disbursed to few households (only 1.5 percent of all households receive it) but among those that do receive it, it represents a relatively high share (20 percent) of income. Households that are systematically discriminated against in the allocation of social assistance are urban households living outside the capital (Riga) and those headed by male adults. Third, he looks at the regional allocation of social assistance. The results confirm earlier findings of large horizontal inequalities - that people with the same income from different parts of the country are treated unequally, because the existing system is based on local financing of social assistance. This paper - a product of Poverty and Human Resources, Development Research Group - is part of the Latvia Poverty Assistance Report (February 2000). The author may be contacted at bmilanovicworldbank.org
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  • 88
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (24 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Broadman, G. Harry Reducing Structural Dominance and Entry Barriers in Russian Industry
    Schlagwort(e): Banks and Banking Reform ; Barriers ; Barriers To Entry ; Business Environment ; Business Investment ; Competition ; Competition Policy ; Competitive Market ; Debt Markets ; Developing Countries ; E-Business ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; International Accounting Standards ; Liberalization ; Macroeconomics and Economic Growth ; Market Share ; Market Shares ; Markets and Market Access ; Microfinance ; Monopoly ; Output ; Price ; Prices ; Private Sector Development ; Privatization ; Public Sector Corruption and Anticorruption Measures ; Regional Trade ; Small Scale Enterprises ; Transparency ; Transport ; Transport Economics, Policy and Planning ; Vertical Integration ; Banks and Banking Reform ; Barriers ; Barriers To Entry ; Business Environment ; Business Investment ; Competition ; Competition Policy ; Competitive Market ; Debt Markets ; Developing Countries ; E-Business ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; International Accounting Standards ; Liberalization ; Macroeconomics and Economic Growth ; Market Share ; Market Shares ; Markets and Market Access ; Microfinance ; Monopoly ; Output ; Price ; Prices ; Private Sector Development ; Privatization ; Public Sector Corruption and Anticorruption Measures ; Regional Trade ; Small Scale Enterprises ; Transparency ; Transport ; Transport Economics, Policy and Planning ; Vertical Integration
    Kurzfassung: May 2000 - The absence of new business in Russia is striking. Reforms to make Russia more competitive should start with eliminating regulatory and institutional barriers to the entry of new competitors. Many industrial firms in Russia have undergone changes in ownership, but relatively few have been competitively restructured. Using survey and other data, Broadman suggests that much of Russian industry is immune from robust competition because of heavy vertical integration, geographic segmentation, and the concentration of buyers and sellers in selected markets. Moreover, regulatory constraints protect incumbent firms from competition with new entrants, both domestic and foreign. Broadman sketches a reform agenda for Russia's post-privatization program, which emphasizes the restructuring of anticompetitive structures and the reduction of barriers to entry. Broadman's proposed reform agenda calls broadly for strengthening Russia's nascent rules-based framework for competition policy to reduce discretion, increase transparency, and improve accountability. This paper - a product of the Poverty Reduction and Economic Management Sector Unit, Europe and Central Asia Regional Office - is part of a larger effort in the region to assess structural reform in Russia. The author may be contacted at hbroadmanworldbank.org
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  • 89
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (32 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Wang, Hua Endogenous Enforcement and Effectiveness of China's Pollution Levy System
    Schlagwort(e): Abatement ; Air Pollution ; Economic Development ; Economists ; Emissions ; Environment ; Environmental ; Environmental Economics and Policies ; Environmental Performance ; Environmental Protection ; Environmental Quality ; Green Issues ; Income ; Industry ; Labor ; Labor Force ; Pollution ; Pollution Charges ; Poverty ; Production ; Public Sector Development ; Standards ; Sulfur Dioxide ; Water ; Water Pollution ; Water Resources ; Water and Industry ; Abatement ; Air Pollution ; Economic Development ; Economists ; Emissions ; Environment ; Environmental ; Environmental Economics and Policies ; Environmental Performance ; Environmental Protection ; Environmental Quality ; Green Issues ; Income ; Industry ; Labor ; Labor Force ; Pollution ; Pollution Charges ; Poverty ; Production ; Public Sector Development ; Standards ; Sulfur Dioxide ; Water ; Water Pollution ; Water Resources ; Water and Industry
    Kurzfassung: May 2000 - How well air and water pollution regulation is implemented depends very much on both the level of economic development and actual environmental quality. Pollution pricing is closer to the dictates of environmental economics than China's formal regulatory statutes would suggest - and there is considerable scope for using economic instruments to reduce China's industrial pollution problems. Wang and Wheeler investigate two aspects of China's pollution levy system, which was first implemented about 20 years ago. First, they analyze what determines differences in enforcement of the pollution levy in various urban areas. They find that collection of the otherwise uniform pollution levy is sensitive to differences in economic development and environmental quality. Air and water pollution levies are higher in areas that are heavily polluted. Second, they analyze the impact of pollution charges on industry's environmental performance, in terms of the pollution intensity of process production and the degree of end-of-pipe abatement for both water pollution and air pollution. Econometric analysis shows that plants respond strongly to the levy by either abating air pollution in the production process or providing end-of-pipe treatment for water pollution. This paper - a product of Infrastructure and Environment, Development Research Group - is part of a larger effort in the group to study environmental regulation in developing countries. The authors may be contacted at hwang1worldbank.org or dwheeler1@worldbank.org
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  • 90
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (34 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Venables, Anthony The Geography of International Investment
    Schlagwort(e): Debt Markets ; Development ; Economic Geography ; Economic Size ; Economic Theory and Research ; Emerging Markets ; Exports ; Externalities ; Finance and Financial Sector Development ; Financial Literacy ; Fixed Costs ; Foreign Direct Investment ; GDP ; Goods ; Income ; Industrial Economies ; Inputs ; International Economics & Trade ; Investment ; Investment and Investment Climate ; Labor Policies ; Macroeconomics and Economic Growth ; Markets ; Mergers ; Non Bank Financial Institutions ; Private Sector Development ; Production ; Social Protections and Labor ; Theory ; Trade ; Trade and Regional Integration ; Transition Economies ; Transport ; Transport Economics, Policy and Planning ; Value ; Variable Costs ; Debt Markets ; Development ; Economic Geography ; Economic Size ; Economic Theory and Research ; Emerging Markets ; Exports ; Externalities ; Finance and Financial Sector Development ; Financial Literacy ; Fixed Costs ; Foreign Direct Investment ; GDP ; Goods ; Income ; Industrial Economies ; Inputs ; International Economics & Trade ; Investment ; Investment and Investment Climate ; Labor Policies ; Macroeconomics and Economic Growth ; Markets ; Mergers ; Non Bank Financial Institutions ; Private Sector Development ; Production ; Social Protections and Labor ; Theory ; Trade ; Trade and Regional Integration ; Transition Economies ; Transport ; Transport Economics, Policy and Planning ; Value ; Variable Costs
    Kurzfassung: May 2000 - Multinationals have become increasingly important to the world economy. Overseas production by U.S. affiliates is three times U.S. exports, for example. Who is investing where, for sales where? Much foreign direct investment is between high-income countries, but investment in some developing and transition regions, while still modest, grew rapidly in the 1990s. Adjusting for market size, much investment stays close to home; adjusting for distance, much heads toward the countries with the biggest markets. Foreign direct investment is more geographically concentrated than either exports or production. Thus U.S. affiliate production in Europe is 7 times U.S. exports to Europe; that ratio drops to 4 for all industrial countries and to 1.6 for developing countries. Multinational activity in high-income countries is overwhelmingly horizontal, involving production for sale to the host country market. In developing countries, a greater proportion of multinational activity is vertical, involving manufacturing at intermediate stages of production. Thus only 4 percent of U.S. affiliate production in the European Union is sold back to the United States, whereas for developing countries the figure is 18 percent, rising to 40 percent for Mexico. Similarly, less than 10 percent of Japan's affiliate production in the EU is sold back to Japan, compared with more than 20 percent in developing countries. In models of horizontal activity, the decision to go multinational is a tradeoff between the additional fixed costs involved in setting up a new plant and the savings in variable costs (transport costs and tariffs) on exports. In models of vertical activity, direct investment is motivated by differences in factor costs. Tariffs and transport costs both encourage vertical multinational activity (by magnifying differences in factor prices) and discourage it (by making trade between headquarters and an affiliate more expensive). The major outward investors carry out much horizontal investment in large markets. For U.S. investors, this means Europe, especially the United Kingdom; for Japan and Europe, it means the United States. Most EU investments, however, stay within the EU. The major outward investors carry out much of their vertical investment closer to home: the United States, in Mexico; the EU, in Central and Eastern Europe; Japan, in Asia. This paper - a product of Trade, Development Research Group - is part of a larger effort in the group to study the location of economic activity. Anthony J. Venables may be contacted at a.j.venableslse.ac.uk
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  • 91
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (46 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Grigorian, A. David Ownership and Performance of Lithuanian Enterprises
    Schlagwort(e): Central Planning ; Debt Markets ; Economic Reforms ; Economic Theory and Research ; Emerging Markets ; Enterprise Performance ; Enterprise Restructuring ; Enterprises ; Finance and Financial Sector Development ; Financial Crisis Management and Restructuring ; Financial Literacy ; Investment and Investment Climate ; Macroeconomics and Economic Growth ; Market Competition ; Microfinance ; Operational Efficiency ; Ownership Of Enterprises ; Performance Indicators ; Political Economy ; Private Firms ; Private Owners ; Private Ownership ; Private Sector Development ; Privatization ; Privatization ; Privatization Process ; Privatization Program ; Profit Maximization ; Share Ownership ; State Firms ; State Owned Enterprise Reform ; State Ownership ; State Property ; Central Planning ; Debt Markets ; Economic Reforms ; Economic Theory and Research ; Emerging Markets ; Enterprise Performance ; Enterprise Restructuring ; Enterprises ; Finance and Financial Sector Development ; Financial Crisis Management and Restructuring ; Financial Literacy ; Investment and Investment Climate ; Macroeconomics and Economic Growth ; Market Competition ; Microfinance ; Operational Efficiency ; Ownership Of Enterprises ; Performance Indicators ; Political Economy ; Private Firms ; Private Owners ; Private Ownership ; Private Sector Development ; Privatization ; Privatization ; Privatization Process ; Privatization Program ; Profit Maximization ; Share Ownership ; State Firms ; State Owned Enterprise Reform ; State Ownership ; State Property
    Kurzfassung: May 2000 - Does private ownership improve on corporate performance in a developing institutional environment? In Lithuania commercial transfer of state property to private owners has significantly improved enterprises' revenue and export performance. Grigorian presents some evidence of improved corporate performance in Lithuania for the period 1995-97. His question: Were these improvements in any way caused by privatization and changes in the environment in which enterprises operate? He presents evidence of correlation between ownership and enterprise performance as measured by increased revenues and improved export performance. Controlling for preselection bias increases the magnitude and significance of private share ownership, which indicates negative selection bias at privatization. On the other hand, (expected) subsidies seem to contribute negatively to enterprise performance. However, the study finds no clear evidence of the effect of market competition on performance indicators in the short run. Grigorian's is the first study to analyze the consequences of commercial (as opposed to mass) privatization in Central and Eastern European countries. This paper - a product of the Private and Financial Sectors Development Sector Unit, Europe and Central Asia Region - is part of a larger effort in the region to study enterprise restructuring in transition. The author may be contacted at dgrigorianworldbank.org
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  • 92
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (36 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Rao, Vijayendra Terror as a Bargaining Instrument
    Schlagwort(e): Adolescent Health ; Benef Children ; Divorce ; Domestic Violence ; Families ; Family ; Females ; Gender ; Gender and Law ; Health, Nutrition and Population ; Home ; House ; Husband ; Husbands ; Law and Development ; Marriage ; Marriages ; Sanctions ; Social Development ; Social Inclusion and Institutions ; Wedding ; Wife ; Will ; Wives ; Woman ; Women ; Adolescent Health ; Benef Children ; Divorce ; Domestic Violence ; Families ; Family ; Females ; Gender ; Gender and Law ; Health, Nutrition and Population ; Home ; House ; Husband ; Husbands ; Law and Development ; Marriage ; Marriages ; Sanctions ; Social Development ; Social Inclusion and Institutions ; Wedding ; Wife ; Will ; Wives ; Woman ; Women
    Kurzfassung: May 2000 - Some aspects of violent behavior are linked to economic incentives and deserve more attention from economists. In India, for example, domestic violence is used as a bargaining instrument, to extract larger dowries from a wife's family, after the marriage has taken place. Bloch and Rao examine how domestic violence may be used as a bargaining instrument, to extract larger dowries from a spouse's family. The phrase dowry violence refers not to the dowry paid at the time of the wedding, but to additional payments demanded by the groom's family after the marriage. The additional dowry is often paid to stop the husband from systematically beating the wife. Bloch and Rao base their case study of three villages in southern India on qualitative and survey data. Based on the ethnographic evidence, they develop a noncooper-ative bargaining and signaling model of dowries and domestic violence. They test the predictions from those models on survey data. They find that women whose families pay smaller dowries suffer increased risk of marital violence. So do women who come from richer families (from whom resources can more easily be extracted). Larger dowries - as well as greater satisfaction with the marriage (in the form of more male children) - reduce the probability of violence. In India marriage is almost never a matter of choice for women, but is driven almost entirely by social norms and parental preferences. Providing opportunities for women outside of marriage and the marriage market would significantly improve their well-being by allowing them to leave an abusive husband, or find a way of bribing him to stop the abuse, or present a credible threat, which has the same effect. This paper - a product of Poverty and Human Resources, Development Research Group - is part of a larger effort in the group to examine crime and violence in developing countries. Vijayendra Rao may be contacted at vraoworldbank.org
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  • 93
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (34 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Schiff, Maurice Multilateral Trade Liberalization and Political Disintegration
    Schlagwort(e): Andean Pact ; Bloc Welfare ; Customs Union Formation ; Customs Unions ; Economic Dominance ; Economic Theory and Research ; Emerging Markets ; External Tariff ; Free Trade ; Free Trade ; Free Trade Agreements ; Free Trade Area ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Market Size ; Multilateral Liberalization ; Multilateral System ; Multilateral Trade Liberalization ; Open Regionalism ; Preferential Market Access ; Private Sector Development ; Public Sector Development ; Regional Integration ; Regionalism ; Rules of Origin ; Tariffs ; Trade ; Trade Diversion ; Trade Law ; Trade Policy ; Trade and Regional Integration ; Andean Pact ; Bloc Welfare ; Customs Union Formation ; Customs Unions ; Economic Dominance ; Economic Theory and Research ; Emerging Markets ; External Tariff ; Free Trade ; Free Trade ; Free Trade Agreements ; Free Trade Area ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Market Size ; Multilateral Liberalization ; Multilateral System ; Multilateral Trade Liberalization ; Open Regionalism ; Preferential Market Access ; Private Sector Development ; Public Sector Development ; Regional Integration ; Regionalism ; Rules of Origin ; Tariffs ; Trade ; Trade Diversion ; Trade Law ; Trade Policy ; Trade and Regional Integration
    Kurzfassung: May 2000 - Two theories are combined to explain why free trade areas (FTAs) have proliferated more than customs unions (CUs) have, and why FTAs are found more in North-South agreements and CUs in South-South agreements. Schiff combines two theories - one about how multilateral trade liberalization affects regional integration, the other about how it affects political disintegration - to explain why the ratio of free trade areas to customs unions has increased over time, and why it is larger in North-South than in South-South agreements. Ethier (1998, 1999) argues that multilateral trade liberalization led to the recent wave of regional integration arrangements. Alesina and others (1997), in discussing the number and size of countries, argue that multilateral trade liberalization leads to political disintegration, with an increase in the number of countries. Combining the two arguments, Schiff hypothesizes that as multilateral trade liberalization proceeds and the number of regional integration arrangements increases, the ratio of free trade areas to customs unions also increases. The same arguments are also used to show why that ratio is larger in North-South than in South-South agreements. The data, which show that ratio increasing in the 1990s and larger for North-South agreements, are consistent with the hypotheses. Finally, a number of voluntary and involuntary customs unions are examined where weaker members lose and conflict does or does not take place, and where free trade agreements are superior. This paper - a product of Trade, Development Research Group - is part of a larger effort in the group to study regional integration. The author may be contacted at mschiffworldbank.org
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  • 94
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (46 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Clarke, George The Welfare Effects of Private Sector Participation in Guinea's Urban Water Supply
    Schlagwort(e): Banks and Banking Reform ; Debt Markets ; Drinking Water ; Economic Theory and Research ; Finance and Financial Sector Development ; Financial Literacy ; Households ; Industry ; Macroeconomics and Economic Growth ; Marginal Cost ; Number Of People With Access ; Pipeline ; Private Operator ; Private Participation ; Public Water ; Raw Water ; Sewerage System ; Systems ; Town Water Supply and Sanitation ; Urban Water ; Urban Water Supply and Sanitation ; Water Conservation ; Water Distribution ; Water Resources ; Water Sector ; Water Supply ; Water Supply System ; Water Supply and Sanitation ; Water Supply and Sanitation Governance and Institutions ; Water System ; Water Tariffs ; Water Use ; Water Utilities ; Water and Industry ; Wells ; Banks and Banking Reform ; Debt Markets ; Drinking Water ; Economic Theory and Research ; Finance and Financial Sector Development ; Financial Literacy ; Households ; Industry ; Macroeconomics and Economic Growth ; Marginal Cost ; Number Of People With Access ; Pipeline ; Private Operator ; Private Participation ; Public Water ; Raw Water ; Sewerage System ; Systems ; Town Water Supply and Sanitation ; Urban Water ; Urban Water Supply and Sanitation ; Water Conservation ; Water Distribution ; Water Resources ; Water Sector ; Water Supply ; Water Supply System ; Water Supply and Sanitation ; Water Supply and Sanitation Governance and Institutions ; Water System ; Water Tariffs ; Water Use ; Water Utilities ; Water and Industry ; Wells
    Kurzfassung: June 2000 - Private sector participation in Guinea's urban water sector has benefited consumers, the government, and, to a lesser extent, the new foreign owners. Performance will improve further when the government starts paying its own water bill on time and when the legislature authorizes the collection of unpaid bills from private consumers. In 1989 the government of Guinea enacted far-reaching reform of its water sector, which had been dominated by a poorly run public agency. The government signed a lease contract for operations and maintenance with a private operator, making a separate public enterprise responsible for ownership of assets and investment. Although based on a successful model that had operated in Côte d'Ivoire for nearly 30 years, the reform had many highly innovative features. It is being transplanted to several other developing countries, so Clarke, Ménard, and Zuluaga evaluate its successes and failures in the early years of reform. They present standard performance measures and results from a cost-benefit analysis to assess reform's net effect on various stakeholders in the sector. They conclude that, compared with what might have been expected under continued public ownership, reform benefited consumers, the government, and, to a lesser extent, the foreign owners or the private operator. Most sector performance indicators improved, but some problems remain. The three most troublesome areas are water that is unaccounted for (there are many illegal connections and the quality of infrastructure is poor), poor collection rates, and high prices. The weak institutional environment makes it difficult to improve collection rates, but the government could take some steps to correct the problem. To begin with, it could pay its own bills on time. Also, the legislature could authorize the collection of unpaid bills from private individuals. This paper - a joint product of Public Economics and Regulation and Competition Policy, Development Research Group - is part of a larger effort in the group to promote competition and private sector development. The study was funded by the Bank's Research Support Budget under the research project Institutions, Politics, and Contracts: Private Sector Participation in Urban Water Supply (RPO 681-87). The authors may be contacted at gclarkeworldbank.org or menard@univ-paris1.fr
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  • 95
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (22 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Duval-Hernandez, Robert Leading Indicator Project
    Schlagwort(e): Averaging ; Benchmark ; Business Cycles ; Cd ; Cred Economic Activity ; Currencies and Exchange Rates ; Debt Markets ; E-Business ; Economic Research ; Economic Statistics ; Economic Theory and Research ; Education ; Emerging Markets ; Expectations ; Finance and Financial Sector Development ; Forecasting ; Forecasts ; Information Security and Privacy ; Interest Rate ; Knowledge for Development ; Leading Indicators ; Macroeconomics and Economic Growth ; Money ; Private Sector Development ; Science Education ; Science and Technology Development ; Scientific Research and Science Parks ; Statistical and Mathematical Sciences ; Trade ; Trends ; Trough ; Unemployment ; Value ; Variables ; Averaging ; Benchmark ; Business Cycles ; Cd ; Cred Economic Activity ; Currencies and Exchange Rates ; Debt Markets ; E-Business ; Economic Research ; Economic Statistics ; Economic Theory and Research ; Education ; Emerging Markets ; Expectations ; Finance and Financial Sector Development ; Forecasting ; Forecasts ; Information Security and Privacy ; Interest Rate ; Knowledge for Development ; Leading Indicators ; Macroeconomics and Economic Growth ; Money ; Private Sector Development ; Science Education ; Science and Technology Development ; Scientific Research and Science Parks ; Statistical and Mathematical Sciences ; Trade ; Trends ; Trough ; Unemployment ; Value ; Variables
    Kurzfassung: June 2000 - A method for forecasting growth cycles in economic activity (measured as total industrial production), as applied to Lithuania. Everhart and Duval-Hernandez present a method for forecasting growth cycles in economic activity, measured as total industrial production. They construct a series which they aggregate into a composite leading indicator to predict the path of the economy in Lithuania. The cycle is the result of the economy's deviations from its long-term trend. A contractionary phase means a decline in the growth rate of the economy, not necessarily an absolute decline in economic activity. The indicator they select for economic activity is usually the Index of Industrial Production, plus a group of variables that, when filtered and adjusted, becomes the composite leading indicator that forecasts the reference series. Variables include economically and statistically significant financial, monetary, real sector, and business survey data. They base selection of the components of the leading indicator on the forecast efficiency and economic significance of the series. Once selected, the relevant variables are aggregated into a single composite leading indicator, which forecasts the detrended Index of Industrial Production. They apply the Hodrick-Prescott filter method for detrending the series. This is a smoothing technique that decomposes seasonally adjusted series into cyclical and trend components. One advantage of the Hodrick-Prescott filter is that it provides a reasonable estimate of a series' long-term trend. The OECD uses a system of leading indicators to predict growth cycles in the economies of its member countries. These exercises have been very effective in their forecasting ability and accuracy - but for the technique to work it is essential to have an adequate statistical system that provides many economic variables in a precise and timely manner, preferably monthly. The authors extend the OECD technique and present an application to a country of the former Soviet Union. This paper - a joint product of the Poverty Reduction and Economic Management Sector Units, Europe and Central Asia and Latin America and the Carribean Regions, and the Mexico Country Management Unit - is part of a larger effort in the Bank to foster the development of macroeconomic monitoring techniques. Authors may be contacted by email at severhartworldbank.org or rduval@worldbank.org
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  • 96
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (20 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Giugale, Marcelo Shock Persistence and the Choice of Foreign Exchange Regime
    Schlagwort(e): Currencies and Exchange Rates ; Currency ; Currency Board ; Currency Board Arrangements ; Currency Boards ; Debt Markets ; Domestic Economy ; Econometric Evidence ; Economic Stabilization ; Economic Theory and Research ; Economies ; Emerging Markets ; Exchange Rate Flo Exchange Rate Regime ; Exchange Regime ; External Shock ; Finance and Financial Sector Development ; Financial Crises ; Fiscal and Monetary Policy ; Foreign Exchange ; Foreign Exchange Rate ; Foreign Exchange Rates ; Inflation ; International Financial Integration ; Macroeconomic Management ; Macroeconomics and Economic Growth ; Monetary Unions ; Open Capital Accounts ; Private Sector Development ; Public Sector Development ; Structural Reform ; Currencies and Exchange Rates ; Currency ; Currency Board ; Currency Board Arrangements ; Currency Boards ; Debt Markets ; Domestic Economy ; Econometric Evidence ; Economic Stabilization ; Economic Theory and Research ; Economies ; Emerging Markets ; Exchange Rate Flo Exchange Rate Regime ; Exchange Regime ; External Shock ; Finance and Financial Sector Development ; Financial Crises ; Fiscal and Monetary Policy ; Foreign Exchange ; Foreign Exchange Rate ; Foreign Exchange Rates ; Inflation ; International Financial Integration ; Macroeconomic Management ; Macroeconomics and Economic Growth ; Monetary Unions ; Open Capital Accounts ; Private Sector Development ; Public Sector Development ; Structural Reform
    Kurzfassung: July 2000 - Empirical econometric evidence shows that Mexico's simulated output recovery after a negative external shock was faster (a third as long) when the country's policymakers let the nominal foreign exchange rate float than when they fixed it, and much faster than in other developing countries that kept nominal foreign exchange rates constant, especially those that resorted to currency board arrangements to support that constancy. The academic and policy debate about optimal foreign exchange rate regimes for emerging economies has focused more on the theoretical costs and benefits of possible regimes than on their actual performance. Giugale and Korobow report on what can be called exchange-rate-regime-dependent differential shock persistence-that is, the time output takes to return to its trend after a negative shock-in a sample of countries representing various points on the spectrum of nominal foreign exchange flexibility. They find strong evidence that Mexico's simulated output recovery after a negative external shock was faster (a third as long) when the country's policymakers let the nominal foreign exchange rate float than when they fixed it, and much faster than in other developing countries that kept nominal foreign exchange rates constant, especially those that resorted to currency board arrangements to support that constancy. These results are insufficient to guide the choice of regime (they lack general equilibrium value and are based on a limited sample of countries), but they highlight an important practical consideration in making that choice: How long it takes for output to adjust after negative shocks is sensitive to the level of rigidity of the foreign exchange regime. This factor may be critical when the social costs of those adjustments are not negligible. This paper-a product of the Mexico Country Department, Latin America and the Caribbean Region-is part of a larger effort in the region to understand policy options open to developing countries for handling macroeconomic volatility in a globalized economy. The authors may be contacted at mgiugaleworldbank.org or akorobow@worldbank.org
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  • 97
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (38 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Mattoo, Aaditya Should Credit Be Given for Autonomous Liberalization in Multilateral Trade Negotiations?
    Schlagwort(e): Currencies and Exchange Rates ; Currency ; Debt Markets ; Dispute Settlement ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Free Trade ; Insurance and Risk Mitigation ; International Economics & Trade ; International Trade and Trade Rules ; Macroeconomics and Economic Growth ; Multilateral Liberalization ; Multilateral Negotiations ; Private Sector Development ; Public Sector Development ; Reciprocal Concessions ; Tariff ; Tariff Reductions ; Tariff Schedule ; Tariffs ; Terms Of Trade ; Terms Of Trade Loss ; Trade ; Trade Liberalization ; Trade Negotiations ; Trade Policy ; Trade Policy ; Unilateral Liberalization ; Unilateral Reduction ; Unilateral Tariff Reduction ; World Trade ; World Trade Organization ; Currencies and Exchange Rates ; Currency ; Debt Markets ; Dispute Settlement ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Free Trade ; Insurance and Risk Mitigation ; International Economics & Trade ; International Trade and Trade Rules ; Macroeconomics and Economic Growth ; Multilateral Liberalization ; Multilateral Negotiations ; Private Sector Development ; Public Sector Development ; Reciprocal Concessions ; Tariff ; Tariff Reductions ; Tariff Schedule ; Tariffs ; Terms Of Trade ; Terms Of Trade Loss ; Trade ; Trade Liberalization ; Trade Negotiations ; Trade Policy ; Trade Policy ; Unilateral Liberalization ; Unilateral Reduction ; Unilateral Tariff Reduction ; World Trade ; World Trade Organization
    Kurzfassung: June 2000 - As each new round of multilateral trade negotiations approaches, there is a demand for a negotiating rule that would give credit for previous unilateral liberalization. The feasibility and desirability of such a rule depend on when it is instituted. As each new round of multilateral trade negotiations approaches, there is a demand for a negotiating rule that would give credit for autonomous (unilateral) liberalization. Mattoo and Olarreaga show that the feasibility and desirability of such a rule depend on when it is instituted. A credit rule established at the beginning of a round of negotiations has a primarily distributional effect, favoring those who have already undertaken liberalization. Implementing such a rule would depend on the generosity of those who have not liberalized. The authors propose instead establishing a credit rule at the end of a round of negotiations, which creates an ex ante assurance that any unilateral liberalization will receive credit in the next round. Such a rule would help induce or enhance liberalization in some countries between negotiating rounds by reducing the gains from retaining protection as negotiating currency. More strikingly, it could also lead to deeper levels of multilateral liberalization and induce other countries to go further than they would in the absence of a rule. Most important, such an ex ante rule would not rely on altruism to be generally acceptable. This paper - a product of Trade, Development Research Group - is part of a larger effort in the group to improve trade policy in goods and services. The authors may be contacted at amattooworldbank.org or molarreaga@worldbank.org
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  • 98
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (32 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Mattoo, Aaditya Trade Policies for Electronic Commerce
    Schlagwort(e): Commodities ; Cross-Border Trade ; Customs ; Customs Duties ; Debt Markets ; E-Business ; Economic Theory and Research ; Electronic Commerce ; Emerging Markets ; European Union ; Finance and Financial Sector Development ; Financial Services ; Free Trade ; Free Trade ; Importing Country ; International Economics & Trade ; International Trade ; Law and Development ; Macroeconomics and Economic Growth ; Market Access ; National Treatment ; Preferential Trading Arrangements ; Preferential Treatment ; Private Sector Development ; Public Sector Development ; Recourse ; Tariff Reductions ; Trade ; Trade Diversion ; Trade Law ; Trade Policies ; Trade Policy ; Trade Regime ; Trade and Services ; Transport ; Transport and Trade Logistics ; World Trade Organization ; Commodities ; Cross-Border Trade ; Customs ; Customs Duties ; Debt Markets ; E-Business ; Economic Theory and Research ; Electronic Commerce ; Emerging Markets ; European Union ; Finance and Financial Sector Development ; Financial Services ; Free Trade ; Free Trade ; Importing Country ; International Economics & Trade ; International Trade ; Law and Development ; Macroeconomics and Economic Growth ; Market Access ; National Treatment ; Preferential Trading Arrangements ; Preferential Treatment ; Private Sector Development ; Public Sector Development ; Recourse ; Tariff Reductions ; Trade ; Trade Diversion ; Trade Law ; Trade Policies ; Trade Policy ; Trade Regime ; Trade and Services ; Transport ; Transport and Trade Logistics ; World Trade Organization
    Kurzfassung: June 2000 - Members of the World Trade Organization have decided provisionally to exempt electronic delivery of products from customs duties. There is growing support for the decision to be made permanent. Is this desirable? Some countries in the World Trade Organization initially opposed WTO's decision to exempt electronic delivery of products from customs duties, out of concern for the revenue consequences. Others supported the decision as a means of securing open trading conditions. Mattoo and Schuknecht argue that neither the inhibitions nor the enthusiasm are fully justified. First, even if all delivery of digitizable media products moved online - an unlikely prospect - the revenue loss for most countries would be small. More important, however, the prohibition of customs duties does not ensure continued open access for electronically delivered products and may even prompt recourse to inferior instruments of protection. Barrier-free electronic commerce would be more effectively secured by deepening and widening the limited cross-border trade commitments under the General Agreement on Trade in Services (GATS) and by clarifying and strengthening certain GATS disciplines. This paper-a product of Trade, Development Research Group-is part of a larger effort in the group to improve trade policy for goods and services. It is part of a larger project on trade in services supported in part by the United Kingdom's Department for International Development. Aaditya Mattoo may be contacted at amattooworldbank.org
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  • 99
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (20 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Beck, Thorsten Impediments to the Development and Efficiency of Financial Intermediation in Brazil
    Schlagwort(e): Accounting ; Accounting Standards ; Banks and Banking Reform ; Bond Markets ; Borrowers ; Contract ; Contract Enforcement ; Credit Information ; Credit Information Systems ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Enforceability ; Enforceability Of Contracts ; Enforcement Of Contracts ; Finance and Financial Sector Development ; Financial Development ; Financial Institutions ; Financial Literacy ; Interest ; Liabilities ; Macroeconomics and Economic Growth ; Private Bond ; Private Sector Development ; Regulatory Framework ; Stock ; Stock Markets ; Unsecured Creditors ; Accounting ; Accounting Standards ; Banks and Banking Reform ; Bond Markets ; Borrowers ; Contract ; Contract Enforcement ; Credit Information ; Credit Information Systems ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Enforceability ; Enforceability Of Contracts ; Enforcement Of Contracts ; Finance and Financial Sector Development ; Financial Development ; Financial Institutions ; Financial Literacy ; Interest ; Liabilities ; Macroeconomics and Economic Growth ; Private Bond ; Private Sector Development ; Regulatory Framework ; Stock ; Stock Markets ; Unsecured Creditors
    Kurzfassung: June 2000 - To improve on the low level and low efficiency of Brazil's financial intermediation (and hence economic growth), Brazil needs reforms leading to a more efficient judicial sector, better enforcement of contracts, stronger rights for creditors, stronger accounting standards and practices, and a legal and regulatory framework that facilitates the exchange of information about borrowers. Reforms to improve both the level and the efficiency of financial intermediation in Brazil should be high on Brazilian policymakers' agendas, because of the financial sector's importance to economic growth. This means that Brazil must also improve the legal and regulatory environment in which its financial institutions operate. Brazil is weak in important components of such an environment: the rights of secured and unsecured creditors, the enforcement of contracts, and the sharing of credit information among intermediaries. Recent reforms, such as the extension of alienação fiduciaria to housing, the introduction of cédula de crédito bancario, the legal separation of principal and interest, and improvements in credit information systems, are useful steps in strengthening the framework. But more is needed. Reforms that will significantly increase the level and efficiency of financial intermediation and have a positive impact on economic growth include: · A more efficient judicial sector and better enforcement of contracts. · Stronger rights for secured and unsecured creditors. · Stronger accounting standards and practices, to improve the quality of information available about borrowers. · The development of a legal and regulatory framework that facilitates the exchange among financial institutions of both negative and positive information about borrowers. This paper - a product of the Financial Sector Strategy and Policy Department - is part of a larger effort in the department to better understand the link between financial development and economic growth, with application to Brazil. The author may be contacted at tbeckworldbank.org
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  • 100
    Sprache: Englisch
    Seiten: Online-Ressource (1 online resource (54 p.))
    Ausgabe: Online-Ausg. World Bank E-Library Archive
    Paralleltitel: Estache, Antonio The Long and Winding Path to Private Financing and Regulation of Toll Roads
    Schlagwort(e): Arterial Roads ; Costs ; Demand For Road Transport ; Freight ; Highway ; Highway Systems ; Investments ; Piers ; Rail ; Road ; Road Projects ; Road Sector ; Road Transport ; Toll ; Toll Road ; Toll Roads ; Traffic ; Transport ; Transport Activities ; Transport Economics, Policy and Planning ; Urban Roads ; Vehicles ; Arterial Roads ; Costs ; Demand For Road Transport ; Freight ; Highway ; Highway Systems ; Investments ; Piers ; Rail ; Road ; Road Projects ; Road Sector ; Road Transport ; Toll ; Toll Road ; Toll Roads ; Traffic ; Transport ; Transport Activities ; Transport Economics, Policy and Planning ; Urban Roads ; Vehicles
    Kurzfassung: July 2000 - This guide to the issues at stake when toll roads are privatized answers many questions that privatization teams and regulators should be asking-providing useful information to project specialists, many of whom are now learning how much they did not know when they started. Road transport has long been the dominant form of transport for freight and passenger movement throughout the world. Because most road projects require investments with long amortization periods and because many projects do not generate enough demand to become self-financing through some type of user fee or toll, the road sector remains in the hands of the public sector to a much greater extent than other transport activities. But governments throughout the world, including those of many poor African and South Asian countries, are commercializing their operations to cut costs, improve user orientation, and increase sector-specific revenue. There seems to be demand for toll roads in specific settings, but the problems met by many of this first generation of road concessions-from Mexico to Thailand-have given toll projects a bad reputation. Many mistakes were made, and tolling is obviously not the best solution for every road. Most of the alternatives aim at improving efficiency (lowering costs). But there are many ways of getting the private sector involved in toll roads, thus reducing public sector financing requirements for the sector. Understanding the context in which toll roads are viable is essential both for their initial success and for effective long-run regulation. Estache, Romero, and Strong provide a broad overview of issues at stake from the viewpoint of both privatization teams and regulators responsible for supervising contractual commitments of private operators and the government, to each other and to users. This paper-a product of Governance, Regulation, and Finance, World Bank Institute-is part of a larger effort in the institute to increase understanding of infrastructure regulation. The authors may be contacted at aestacheworldbank.org or jstrong@worldbank.org
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