Your email was sent successfully. Check your inbox.

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

Proceed reservation?

Export
Filter
  • Washington, D.C : The World Bank  (637)
  • Ann Arbor, Michigan : ProQuest
  • London : Routledge
  • Debt Markets  (446)
  • Economic Theory and Research  (443)
Datasource
Material
Language
Years
Subjects(RVK)
  • 1
    Language: English
    Pages: 1 Online-Ressource (34 pages)
    Parallel Title: Erscheint auch als Himelein, Kristen Implications of Choice of Second Stage Selection Method on Sampling Error and Non-Sampling Error: Evidence from an IDP Camp in South Sudan
    Keywords: Cross-Sectional Household Survey ; Displacement ; Economic Theory and Research ; Estimation ; Household Survey Design ; Macroeconomics and Economic Growth ; Microeconomic Data ; Poverty Reduction ; Social Development ; Survey and Sampling Methods ; Voluntary and Involuntary Resettlement
    Abstract: The most common sampling approach for cross-sectional household surveys in the developing world is a stratified two-stage design, where the first stage is usually a sample from a census-based area frame, and the second stage is a random sample of households from each of the areas selected in the first stage. To overcome the problem of outdated census frame information, it is common to conduct a household listing operation within these areas. However, these listing operations come with severe implications for survey costs, timeframe, as well as quality. To avoid such second-stage operations, some surveys choose alternate approaches for their second-stage operation. This paper compares five of these approaches, namely, satellite mapping, segmentation, grid square, the north method, and random walk, through simulations based on a census conducted in a refugee camp in South Sudan. The paper compares the simulated approach with the estimates derived from the actual experiment and finds that all the resulting estimates are biased. Nevertheless, in addition to their practical challenges, the satellite mapping, segmentation, and grid square approaches exhibit the smallest bias. Although random walk shows the worst performance in the simulations, it regains ground in its implementation, especially vis-a-vis the north method, where implementation adds most significantly to its bias. In conclusion, most probability-based methods perform better than non-probability methods like random walk and are therefore preferrable when no traditional household listing can take place. Although it is important to consider the theoretical properties of sampling approaches, implementation is at least as important. Training, implementation modalities, and monitoring of compliance are key factors in the overall performance
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 2
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (26 pages)
    Parallel Title: Erscheint auch als Thomas, Alastair VAT Rate Structures in Theory and Practice
    Keywords: Economic Theory and Research ; Law and Development ; Macroeconomics and Economic Growth ; Redistribution ; Reduced Rates ; Tax Law ; Tax Rate ; Tax Reform ; Value Added Tax (VAT)
    Abstract: Most countries' value-added tax (VAT) systems apply reduced VAT rates to a selection of expenditure items in order to achieve distributional goals, and (to a lesser extent) social and cultural objectives. This paper assesses the case for applying reduced VAT rates, with a particular focus on OECD countries where reduced rates feature prominently. It examines both the theoretical and empirical evidence, as well as practical considerations, and concludes that the case for reduced VAT rates is weak. In particular, the optimal indirect tax literature finds no redistributive role for reduced VAT rates when other more direct instruments are available. These theoretical findings are supported by the empirical literature that shows reduced VAT rates to be a poorly targeted means of supporting lower income households, particularly when compared to targeted cash transfer programs. Similarly, reduced VAT rates are unlikely to be a well-targeted way to encourage consumption of merit goods, while they also create significant administrative complexity. These findings have significant implications for tax reform in both developed and developing economies. In particular, where countries have the administrative capacity to implement effectively targeted cash transfer programs, they should use these programs to support poorer households instead of reduced VAT rates
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 3
    Language: English
    Pages: 1 Online-Ressource (30 pages)
    Parallel Title: Erscheint auch als Steenbergen, Victor What Makes an Investment Promotion Agency Effective? Findings from a Structural Gravity Model
    Keywords: Economic Theory and Research ; Foreign Direct Investment ; Foreign Trade Promotion and Regulation ; Gravity Model ; International Economics and Trade ; Investment and Investment Climate ; Investment Promotion ; Macroeconomics and Economic Growth ; Sectoral Foreign Investment Data
    Abstract: Although many countries have established investment promotion agencies over the past two decades, there is little evidence on what characteristics make them effective in attracting foreign direct investment into their home country. To provide new insight into this question, this paper brings together sectoral foreign direct investment data with survey data on investment promotion agency characteristics. Using a structural gravity model framework, it explores the effect of investment promotion agencies' sectoral targeting on inward foreign direct investment stocks over 2013 to 2018, across a sample of 36 middle- and high-income countries. The study finds that investment promotion agency sectoral targeting provides a significant positive effect on the sector's foreign direct investment stock in that country. Yet, a gravity model with country-interaction effects suggests that not all countries are equally effective at promoting investment. The results from the model are used to define two groups: high-performing investment promotion agencies (those with positive, significant effects in attracting foreign direct investment) and other investment promotion agencies (those with insignificant or negative significant effects). Using t-tests, the study considers which investment promotion agency characteristics significantly differ between the two groups. The findings suggest that effective investment promotion agencies are more likely to be private or semi-private agencies. Their mandate tends to be focused narrowly on foreign investment and exclude responsibilities for domestic investment promotion. Such investment promotion agencies are more likely to have a board of directors, and their staff tends to be better compensated. Finally, high-performing investment promotion agencies tend to provide more investor services, partly by engaging smart, sectoral analytics and adopting systems for identifying investor complaints or disputes
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 4
    Language: English
    Pages: 1 Online-Ressource (68 pages)
    Parallel Title: Erscheint auch als Iacovone, Leonardo Bayesian Impact Evaluation with Informative Priors: An Application to a Colombian Management and Export Improvement Program
    Keywords: Bayesian Impact Evaluation ; Competition Policy ; Competitiveness and Competition Policy ; Economic Theory and Research ; Export Competitiveness ; International Economics and Trade ; Macroeconomics and Economic Growth ; Management ; Prior Elicitation ; Private Sector Development ; Randomized Experiment ; Social Policy Evaluation Method
    Abstract: Policymakers often test expensive new programs on relatively small samples. Formally incorporating informative Bayesian priors into impact evaluation offers the promise to learn more from these experiments. A Colombian government program which aimed to increase exporting was trialed experimentally on 200 firms with this goal in mind. Priors were elicited from academics, policymakers, and firms. Contrary to these priors, frequentist estimation can not reject 0 effects in 2019, and finds some negative impacts in 2020. For binary outcomes like whether firms export, frequentist estimates are relatively precise, and Bayesian credible posterior intervals update to overlap almost completely with standard confidence intervals. For outcomes like increasing export variety, where the priors align with the data, the value of these priors is seen in posterior intervals that are considerably narrower than frequentist confidence intervals. Finally, for noisy outcomes like export value, posterior intervals show almost no updating from the priors, highlighting how uninformative the data are about such outcomes
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 5
    Language: English
    Pages: 1 Online-Ressource (36 pages)
    Parallel Title: Erscheint auch als Andree, Bo Pieter Johannes Machine Learning Imputation of High Frequency Price Surveys in Papua New Guinea
    Keywords: Agriculture ; Agriculture and Food Security ; Economic Shocks ; Economic Theory and Research ; Food Prices ; Inflation ; Machine Learning Advances ; Macroeconomic Monitoring ; Macroeconomics and Economic Growth ; Poverty Monitoring and Analysis ; Poverty Reduction
    Abstract: Capabilities to track fast-moving economic developments re-main limited in many regions of the developing world. This complicates prioritizing policies aimed at supporting vulnerable populations. To gain insight into the evolution of fluid events in a data scarce context, this paper explores the ability of recent machine-learning advances to produce continuous data in near-real-time by imputing multiple entries in ongoing surveys. The paper attempts to track inflation in fresh produce prices at the local market level in Papua New Guinea, relying only on incomplete and intermittent survey data. This application is made challenging by high intra-month price volatility, low cross-market price correlations, and weak price trends. The modeling approach uses chained equations to produce an ensemble prediction for multiple price quotes simultaneously. The paper runs cross-validation of the prediction strategy under different designs in terms of markets, foods, and time periods covered. The results show that when the survey is well-designed, imputations can achieve accuracy that is attractive when compared to costly-and logistically often infeasible-direct measurement. The methods have wider applicability and could help to fill crucial data gaps in data scarce regions such as the Pacific Islands, especially in conjunction with specifically designed continuous surveys
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 6
    Language: English
    Pages: 1 Online-Ressource (35 pages)
    Parallel Title: Erscheint auch als Ablaza, Christine Indonesia's Informal Economy: Measurement, Evidence, and a Research Agenda
    Keywords: Economic Theory and Research ; Employment and Unemployment ; Informal Economy Literature Review ; Informal Economy Research ; Informal Employment ; Informal Sector Policy ; Informality Literature ; Macroeconomics and Economic Growth ; Poverty Reduction ; Social Protections and Labor ; Work and Working Conditions
    Abstract: Indonesia has made remarkable economic progress since the Asian Financial Crisis. To sustain its growth and achieve high-income status by 2045, it needs to address the long-standing challenge of informality. Doing so will require a coordinated policy approach informed by robust empirical evidence on the underlying causes and consequences of informality. This paper contributes to this agenda by reviewing the state of knowledge on the informal economy in Indonesia. The study focuses on three key areas of relevance to future policies on informality, namely: (1) key definitions and measures, (2) existing data sources, and (3) findings from previous research. The paper identifies remaining gaps in the existing data and empirical literature and uses this to construct an agenda for future work on the subject
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 7
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (39 pages)
    Parallel Title: Erscheint auch als Gill, Indermit Making the Low-Income Country Debt Sustainability Framework Fit for Purpose
    Keywords: Debt Markets ; Debt Sustainability ; Finance and Financial Sector Development ; Fiscal Deficit Flow ; Low-Income Country Debt Sustainability Framework ; Overal Public Debt ; Sustainable Development
    Abstract: The World Bank and the International Monetary Fund use the Low-Income Country Debt Sustainability Framework to assess the sustainability of sovereign debt in about 75 low- and middle-income developing countries. It is overdue for a review, and this paper recommends that it be replaced for three reasons. First, it was designed when official concessional external debt was virtually synonymous with public debt. Over the past decade, however, the marginal cost of borrowing for Low-Income Country Debt Sustainability Framework countries has been defined increasingly by domestic and external debt markets. This has rendered the framework largely obsolete. Second, the framework focuses mainly on external debt, but development outcomes in the framework countries are more closely related to overall public debt. The mission of the World Bank--and, increasingly, the International Monetary Fund--is to improve growth, stability and living standards. So public debt ought to be the principal focus of the revised Low-Income Country Debt Sustainability Framework. Third, causality in the framework countries flows from fiscal deficits to current account deficits rather than the other way around, and the public component constitutes the lion's share of total external debt. To focus on external debt distress in these circumstances is tantamount to tackling the symptom--accumulated current-account deficits--instead of the fundamental cause: fiscal deficits, or the gap between government investment and saving. The experiences of Ethiopia, Ghana and Zambia illustrate the arguments. The paper recommends a framework based on nominal public debt and its dynamics, supplemented with a thorough analysis of international liquidity. Discarding the Low-Income Country Debt Sustainability Framework could well be disruptive in the short run. However, the alternative would be worse: retaining an obsolete framework that has failed to anticipate public debt crises and is poorly aligned with the Sustainable Development Goals
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 8
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: IEG Independent Evaluations and Annual Reviews
    Keywords: Case Study Review ; Case-Based Evaluation ; Economic Theory and Research ; Evaluation Design ; Intervention Effectiveness ; Interventions and Outcomes ; Macroeconomics and Economic Growth ; Poverty Impact Evaluation ; Poverty Monitoring and Analysis ; Poverty Reduction ; World Bank Support To Carbon Finance Case Study
    Abstract: Several myths persist within research and evaluation circles about the power and limitations of evaluation designs that use cases (or case studies) as their primary empirical material (case-based evaluation designs). Using a real-world application, this paper busts two myths regarding the use of case-based designs in evaluations that aim to answer effectiveness questions and unpack the relationships between interventions and observed changes in outcomes (broadly known as causal analysis): that case studies cannot be used for causal analysis and that it is impossible to generalize from case studies. Through a detailed demonstration of how the evaluation of the World Bank's support to carbon finance has been designed and implemented, the paper undoes these preconceived ideas about the inferential, explanatory, and generalizability power of case-based evaluation designs
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 9
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (38 pages)
    Parallel Title: Erscheint auch als Doumbia, Djeneba Issuer Composition and Stock Market Growth
    Keywords: Domestic Stock Market Growth ; Economic Growth ; Economic Outcome of Stock Issuers ; Economic Theory and Research ; Equity Issuers ; Finance and Development ; Finance and Financial Sector Development ; Issuer Composition ; Macroeconomics and Economic Growth ; Sectoral Diversity ; Stock Market
    Abstract: Does issuer composition change as stock markets grow, and, if so, how An increase in market capitalization may be driven by growth on the intensive or extensive margin. Such growth may also influence the level of market concentration and diversity among listed firms. Using a novel dataset, this paper examines how the number, concentration, and sectoral diversity of issuers change as domestic stock markets grow, with a focus on low- and middle-income countries. The results show that an increase in stock market capitalization tends to be associated with only growth on the intensive margin. Greater market activity, however, is linked to entry of new issuers and for low- and middle-income countries, also to marginally lower market concentration. However, there is no evidence that sectoral diversity changes with market size or activity. These findings have important implications for firm financing as stock markets may not necessarily become more inclusive as they grow
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 10
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: 2209
    Keywords: COVID-19 Impact ; Economic Theory and Research ; Equity and Development ; Household Survey Data ; Household Survey Design ; Impact of Shocks on Households ; Living Standards ; Macroeconomics and Economic Growth ; Poverty Reduction ; Questionnaire Design ; Shocks and Household Welfare
    Abstract: Beyond the COVID-19 pandemic, the world has experienced multiple global crises in the last few years. As countries adapt to a new normal, multi-topic household surveys should also be adapted to account for the impacts of shocks on household welfare. By reviewing the standard household survey questionnaires included in the guidebook, capturing what matters: essential guidelines for designing household surveys, the authors provide technical guidance on issues to consider when reviewing, designing, or updating questionnaires for household surveys during or after a major shock - relying on lessons learned from the World Bank's Living Standards Measurement Study program
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 11
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Speeches of World Bank Presidents
    Keywords: Concessional Resources ; Debt Distress ; Debt Markets ; Debt Sustainability ; Debt Transparency ; Economic Forecasting ; External Debt ; Finance and Financial Sector Development ; Global Growth Outlook ; Governance Standards ; International Economics and Trade ; Investment and Investment Climate ; Investment Climate ; Macroeconomics and Economic Growth
    Abstract: These remarks were delivered by the World Bank Group President David Malpass during the Launch of the January 2023 Global Economic Prospects Report on January 10, 2023. He addressed the following topics: global growth outlook; rising levels of debt distress and possible directions to achieve debt transparency and sustainability; the need for greatly expanded resources for developing countries, including deeply concessional resources; and attractive investment climate and governance standards
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 12
    Language: English
    Pages: 1 Online-Ressource (51 pages)
    Parallel Title: Erscheint auch als Kraay, Aart A New Distribution Sensitive Index for Measuring Welfare, Poverty, and Inequality
    Keywords: Economic Theory and Research ; Inequality Index ; Macroeconomics and Economic Growth ; Poverty Index ; Poverty Informatics ; Poverty Reduction ; Shared Prosperity ; Welfare Index
    Abstract: Simple welfare indices such as mean income are ubiquitous but not distribution sensitive. In contrast, existing distribution sensitive welfare indices are rarely used, often because they are difficult to explain and/or lack intuitive units. This paper proposes a simple new distribution sensitive welfare index with intuitive units: the average factor by which individual incomes must be multiplied to attain a given reference level of income. This new index is subgroup decomposable with population weights and satisfies the three main definitions of distribution sensitivity in the literature. Variants on this index can be used as distribution sensitive poverty measures and as inequality measures, with the same simple intuitive units. The properties of the new index are illustrated using the global distribution of income across individuals between 1990 and 2019, as well as with selected country comparisons. Finally, the index can be used to define the "prosperity gap" as a proposed new measure of "shared prosperity," one of the twin goals of the World Bank
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 13
    Language: English
    Pages: 1 Online-Ressource (45 pages)
    Parallel Title: Erscheint auch als Cavanagh, Jack A Metadata Schema for Data from Experiments in the Social Sciences
    Keywords: Data Publicaiton ; Economic Theory and Research ; Health, Nutrition and Population ; ICT Data and Statistics ; Information and Communication Technologies ; Interoperable Social Sciences Data ; Macroeconomics and Economic Growth ; Metadata ; Population Sciences ; Program Evaluation ; Randomized Control Trial ; Secondary Research ; Social Sciences Research ; Technology Innovation ; Trial Registration
    Abstract: The use of randomized controlled trials (RCTs) in the social sciences has greatly expanded, resulting in newly abundant, high-quality data that can be reused to perform methods research in program evaluation, to systematize evidence for policymakers, and for replication and training purposes. However, potential users of RCT data often face significant barriers to discovery and reuse. This paper proposes a metadata schema that standardizes RCT data documentation and can serve as the basis for one-or many, interoperable -data catalogs that make such data easily findable, searchable, and comparable, and thus more readily reusable for secondary research. The schema is designed to document the unique properties of RCT data. Its set of fields and associated encoding schemes (acceptable formats and values) can be used to describe any dataset associated with a social science RCT. The paper also makes recommendations for implementing a catalog or database based on this metadata schema
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 14
    Language: English
    Pages: 1 Online-Ressource (63 pages)
    Parallel Title: Erscheint auch als Ashwin, Julian Using Large Language Models for Qualitative Analysis can Introduce Serious Bias
    Keywords: Annotation ; Chatgpt ; Economic Theory and Research ; ICT Applications ; ICT Policy and Strategies ; Information and Communication Technologies ; Large Language Models (LLMS) ; LLAMA 2 ; Machine Bias ; Macroeconomics and Economic Growth ; Qualitative Analysis ; Rohingya People ; Social Science Research ; Text as Data
    Abstract: Large Language Models (LLMs) are quickly becoming ubiquitous, but the implications for social science research are not yet well understood. This paper asks whether LLMs can help us analyse large-N qualitative data from open-ended interviews, with an application to transcripts of interviews with displaced Rohingya people in Cox's Bazaar, Bangladesh. The analysis finds that a great deal of caution is needed in using LLMs to annotate text as there is a risk of introducing biases that can lead to misleading inferences. Here this refers to bias in the technical sense, that the errors that LLMs make in annotating interview transcripts are not random with respect to the characteristics of the interview subjects. Training simpler supervised models on high-quality human annotations with flexible coding leads to less measurement error and bias than LLM annotations. Therefore, given that some high quality annotations are necessary in order to asses whether an LLM introduces bias, this paper argues that it is probably preferable to train a bespoke model on these annotations than it is to use an LLM for annotation
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 15
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (57 pages)
    Parallel Title: Erscheint auch als Esposito, Bruno Adaptive Experiments for Policy Choice: Phone Calls for Home Reading in Kenya
    Keywords: Adaptive Experiments ; Adaptive Sampling ; Automated Calls To Parents ; Early Literacy ; Economic Development Research ; Economic Policy Research Methods ; Economic Theory and Research ; Edtech Policy Choices ; Education ; Education Technology ; Macroeconomics and Economic Growth ; Multi-Armed Bandits ; Primary Education ; Research Design Parameters
    Abstract: Adaptive sampling in experiments with multiple waves can improve learning for "policy choice problems" where the goal is to select the optimal intervention or treatment among several options. This paper uses a real-world policy choice problem to demonstrate the advantages of adaptive sampling and propose solutions to common issues in applying the method. The application is a test of six formats for automated calls to parents in Kenya that encourage reading with children at home. The adaptive 'exploration sampling' algorithm is used to efficiently identify the call with the highest rate of engagement. Simulations show that adaptive sampling increased the posterior probability of the chosen arm being optimal from 86 to 93 percent and more than halved the posterior expected regret. The paper discusses a range of implementation aspects, including how to decide about research design parameters such as the number of experimental waves
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 16
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Financial Sector Study
    Keywords: Capital Markets ; Economic Growth ; Economic Theory and Research ; Finance ; Finance and Development ; Finance and Financial Sector Development ; Macroeconomics and Economic Growth
    Abstract: The halal economy (HE) plays an important role in Malaysia's economic growth, contributing 7.5 percent to the Gross Domestic Product (GDP) as of 2020. Under the Twelfth Malaysia Plan, 2021-2025 (12MP), one of the key strategies to boost Malaysia's economic growth is enhancing the competitiveness of the halal industry to capture a more significant share of the global halal market. The term halal refers to anything that is permissible or lawful under Islamic Law that dictates the way of life of a Muslim (a follower of the Islamic faith). Hence, the scope of the HE is broad and can be defined as an industry that is involved in the provision of halal products and services, including food, clothing and fashion, cosmetics and personal care, travel, and financial services. Consequently, Islamic finance is both parts of the broader HE (Hassan and others, 2021) and can facilitate the development of the HE. This report requested by Bank Negara Malaysia (BNM) explores the role of Islamic finance in supporting the development of Malaysia's HE with the objective of informing policy discourse on enhancing existing strategies to increase access to Islamic finance solutions to underserved HE enterprises. The report comprises the following chapters, (1) the current state of the HE; (2) the financing ecosystem of Malaysia's HE, (3) enhancing role of Islamic finance for the HE in Malaysia; and concludes in Chapter 4 with a set of recommendations for stakeholders in Malaysia. While the recommendations focus on Malaysia, they may also be relevant for other developing economies where the HE and Islamic finance are prominen
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 17
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (42 pages)
    Parallel Title: Erscheint auch als Farah Yacoub, Juan P The Legal Profile of Russian Eurobonds: Engineered against Speed
    Keywords: Debt Markets ; Debt Resolution ; Debtor Protection ; Eurobond Stock Provisions ; External Debt ; Finance and Financial Sector Development ; International Economics and Trade ; International Law ; Law and Development ; Russian Eurobonds ; Russian Federation Default History ; Sovereign Bonds ; Sovereign Debt ; Sovereign Default ; Treaties
    Abstract: This paper provides an overview of the Russian Federation's default history, the legal characteristics of the bonds, and potential issues for litigation should a default materialize. The paper's main argument is that although it is not impenetrable, this Eurobond stock is more protective of the debtor than that of the usual emerging market country. It achieves this through preservation of all the defenses available under current law and the presence of broad language in key provisions. For instance, clauses providing for payment in a different currency if "reasons beyond its control" stop the debtor from paying in the denomination currency have drawn attention. The paper analyzes this and other characteristics, providing initial assessments on how the issues could play out. While the bonds' characteristics could slow progress toward obtaining judgments when compared to other sovereign debts, they do not prevent them. Collecting on the judgments would be, as usual, the harder part. Ultimately, litigation over these debts could last a long time; other creditor versus foreign sovereign episodes involving less debtor-friendly instruments have lasted 15 years, and resolution and recovery would be highly contingent on political factors. Finally, the paper provides non-lawyers a general roadmap of debt litigation against foreign sovereigns in the United States and the United Kingdom
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 18
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Carbon Emissions ; Debt Markets ; Export Competitiveness ; Finance and Financial Sector Development ; Home Ownership ; Private Sector Development ; Real Estate Development ; Trade ; Trade Facilitation
    Abstract: After a strong start in early 2022, the largest COVID-19 wave in two years and resulting mobility restrictions have disrupted China's growth normalization. The global environment has also significantly worsened following Russia's invasion of Ukraine. Real gross domestic product (GDP) growth is projected to slow sharply to 4.3 percent in 2022. In the face of domestic and external headwinds, China's policymakers should carefully calibrate its policies. In the short term, China should balance COVID-19 mitigation with supporting economic growth. Over the medium term, greater efforts are needed to shift away from the old playbook of stimulus-led investment to boost economic growth. Decisive action to encourage a shift toward consumption, tackle social inequality, and rekindle innovation and productivity growth would help achieve a more balanced, inclusive, and sustainable growth trajectory for China
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 19
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Economic Updates and Modeling
    Keywords: Adaptation To Climate Change ; Carbon Policy and Trading ; Climate Change ; Climate Change Mitigation and Green House Gases ; Computable General Equilibrium ; Economic Growth ; Economic Theory and Research ; Environment ; Global Warming ; Macroeconomics and Economic Growth
    Abstract: Policymakers in developing countries face multiple challenges related to climate change. To provide policymakers with reliable recommendations on a variety of climate related policies, the WBG has a diverse and complementary set of models. The analytics range from evaluating the aggregate, sectoral, and welfare effects of mitigation measures to assessing country-specific adaptation needs, considering the impacts of extreme weather events as well as gradual global warming. Key indicators include macroeconomic outcomes, sectoral indicators, co-benefits and poverty and distributional issues. This report summarizes the range of climate and development issues addressed by each model in the WBG suite, revealing both strengths and limitations of individual models, as well as the complementarity among models
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 20
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (74 pages)
    Parallel Title: Erscheint auch als Kelse, Jack Multiple Price Lists for Willingness to Pay Elicitation
    Keywords: Economic Conditions and Volatility ; Economic Theory and Research ; Macroeconomics and Economic Growth ; Multiple Price List Survey Instrument ; Multiple Price Lists ; Preference Elicitation ; Social Analysis ; Social Development ; Survey Methods ; Surveycto ; Willingness To Pay
    Abstract: Multiple price lists are a convenient tool to elicit willingness to pay in surveys and experiments, but choice patterns such as "multiple switching" and "never switching" indicate high error rates. Existing measurement approaches often do not provide accurate standard errors and cannot correct for bias due to framing and order effects. This paper proposes to combine a randomization approach with a random-effects latent utility model to detect bias and account for error. Data from a choice experiment in South Africa shows that significant order effects exist which, if uncorrected, would lead to distorted conclusions about subjects' preferences. Templates are provided to create a multiple price list survey instrument in SurveyCTO and analyze the resulting data using the proposed methods
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 21
    Language: English
    Pages: 1 Online-Ressource (29 pages)
    Parallel Title: Erscheint auch als Khan, Nazmus Sadat Spillover Effects of China's Trade and Growth Shocks on ASEAN Countries: Evidence from a GVAR Model
    Keywords: Asean Trading Partners ; Association of Southeast Asian Nation (ASEAN) Countries ; Chinese Trade Shocks ; Consumption ; Economic Conditions and Volatility ; Economic Growth ; Economic Integration ; Economic Theory and Research ; Global Vector Autoregression (GVAR) ; Growth Shock ; Macroeconomics and Economic Growth ; Trade Shock
    Abstract: The paper uses a global vector autoregression model with quarterly time series data from 1994 to 2016 to investigate the spillover effects of Chinese trade and growth shocks on 10 Association of Southeast Asian Nations countries. Time varying trade weights are used to construct the foreign variables in individual country models and structural generalized impulse response functions are used to conduct the dynamic analysis. The results show that a positive shock to Chinese trade and growth has a positive effect on the growth of Brunei, Malaysia, the Philippines, Singapore and Thailand. The effect is much weaker and statistically insignificant for other countries
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 22
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (29 pages)
    Parallel Title: Erscheint auch als Ul Haq, Imtiaz Structural Loopholes in Sustainability-Linked Bonds
    Keywords: Bond Grade Issuers ; Bonds ; Debt Markets ; Emerging Markets ; Environment ; Finance and Financial Sector Development ; Green Issues ; Greenwashing ; International Financial Markets ; Late Date Penalty ; Private Sector Development ; Private Sector Sustainability ; Securities Markets Policy and Regulation ; Sustainability Performance Targets ; Sustainability-Linked Bonds
    Abstract: Sustainability-Linked Bonds-an innovative debt product that incorporates incentivized sustainability targets-are becoming increasingly popular to encourage issuers to improve their sustainability performance. However, existing Sustainability-Linked Bond structures allow issuers to weaken the link between sustainability and financial outcomes, rendering Sustainability-Linked Bonds less effective. This paper examines two potential structural loopholes on this front: late target dates and call options. The results show that Sustainability-Linked Bonds with coupon step-up penalties, which constitute the majority and benefit most from such features, are more likely to have later target dates and call options embedded. Larger penalties are associated with a greater likelihood of late target dates but not call options, which instead tend to be favored primarily by speculative grade issuers. The paper also provides evidence that issuers with high carbon dioxide emissions are more likely to resort to such structural loopholes. These findings suggest that Sustainability-Linked Bonds, despite incentivized targets, may be prone to greenwashing
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 23
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other papers
    Keywords: Adaptation To Climate Change ; Carbon Policy and Trading ; Creditworthiness ; Debt Markets ; Environment ; Finance and Financial Sector Development ; Sovereign Debt
    Abstract: The increasing role of the financial sector in the move toward a more sustainable economic model continues apace. The Coronavirus (COVID-19) shock shone a light on the need for all society to correct course, and the financial sector is responding. The pace of environmental, social, and governance (ESG) integration into investment decisions, which has become the prevalent form of sustainable finance, continues to accelerate. These developments reflect changing societal perspectives that challenge the traditionally ingrained investment approaches that have evolved over many decades. Against this backdrop, various financial sector stakeholders continue to evaluate how their role, products, and tools should adapt to this evolving landscape. This paper focuses on sovereign credit ratings and empirically assesses how broad sovereign ESG factors as well as the ESG factors specific to a country's national wealth and management of risks and opportunities related to so-called stranded assets like fossil fuel resources are manifested in sovereign credit rating assessments
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 24
    Language: English
    Pages: 1 Online-Ressource (61 pages)
    Parallel Title: Erscheint auch als Xu, Gang Bureaucrats, Tournament Competition, and Performance Manipulation: Evidence from Chinese Cities
    Keywords: Amount Of Power ; Development ; Economic Development ; Economic Growth ; Economic Growth Rate ; Economic Theory and Research ; Energy ; Energy Policies and Economics ; Gender and Development ; High Population Density ; Industrial Economics ; Industry ; Labor Markets ; Local Economic Growth ; Local Government ; Local Government Budget ; Open Door ; Prior Work Experience ; Public Sector Job ; Quality Of Bureaucracy ; Real Economic Activity ; Real GDP ; Regional Economic Performance ; Social Protections and Labor
    Abstract: Tournament competition is viewed as motivating bureaucrats in promoting growth. This paper examines how this incentive leads to economic performance manipulation. Using data from Chinese cities, the analysis shows that performance exaggeration increases over the course of the first term of the top bureaucrat, peaking in the last year of his or her term. Winning a tournament competition is behind this performance manipulation: political rivals reinforce each other in exaggerating performance, and political competition intensifies the tendency for manipulation. Performance exaggeration leads to higher chances of promotion, but the ratchet effect (that is, better performance today leading to a higher target tomorrow) and the potential to blame predecessors induce restraint. A good local institutional environment also restrains performance manipulation
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 25
    Language: English
    Pages: 1 Online-Ressource (30 pages)
    Parallel Title: Erscheint auch als Canavire-Bacarreza, Gustavo Recovering Income Distribution in the Presence of Interval-Censored Data
    Keywords: Econometrics ; Economic Forecasting ; Economic Theory and Research ; Heteroskedastic Interval Regression ; ICT Data and Statistics ; Income Distribution ; Interval-Censored Data ; Labor Income Data ; Macroeconomics and Economic Growth ; Monte Carlo Simulation ; Poverty and Inequality Estimation ; Poverty Monitoring and Analysis ; Poverty Reduction ; Salary Data ; Wages ; Information and Communication Technologies
    Abstract: This paper proposes a method to analyze interval-censored data, using multiple imputation based on a heteroskedastic interval regression approach. The proposed model aims to obtain a synthetic data set that can be used for standard analysis, including standard linear regression, quantile regression, or poverty and inequality estimation. The paper presents two applications to show the performance of the method. First, it runs a Monte Carlo simulation to show the method's performance under the assumption of multiplicative heteroskedasticity, with and without conditional normality. Second, it uses the proposed methodology to analyze labor income data in Grenada for 2013-20, where the salary data are interval-censored according to the salary intervals prespecified in the survey questionnaire. The results obtained are consistent across both exercises
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 26
    Language: English
    Pages: 1 Online-Ressource (11 pages)
    Parallel Title: Erscheint auch als Gajderowicz, Tomasz capturing the Educational and Economic Impacts of School Closures in Poland
    Keywords: COVID-19 Impact On Education ; COVID-19 Learning Loss ; Economic Impact of Learning Loss ; Economic Theory and Research ; Economics of Education ; Education ; Education Indicators and Statistics ; Macroeconomics and Economic Growth ; Primary Education ; School Closures ; Secondary Education
    Abstract: The effect of school closures in the spring of 2020 on the math, science, and reading skills of secondary school students in Poland is estimated. The COVID-19-induced school closures lasted 26 weeks in Poland, one of Europe's longest periods of shutdown. Comparison of the learning outcomes with pre- and post-COVID-19 samples shows that the learning loss was equal to more than one year of study. Assuming a 45-year working life of the total affected population, the economic loss in future student earnings may amount to 7.2 percent of Poland's gross domestic product
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 27
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Economic and Sector Work Reports
    Keywords: Business Environment ; Competitiveness and Competition Policy ; Economic Growth ; Economic Theory and Research ; Macroeconomics and Economic Growth ; Private Sector Development
    Abstract: This report provides detailed knowledge on firm-level technology sophistication in Poland, and, by identifying the main barriers and drivers to adoption, it delivers evidence-based policy recommendations to foster technology adoption across different firms and sectors. The analysis based on the TAS is divided into two parts. The main report first describes the new approach to measuring technology sophistication, the structure of the Technology Adoption Survey, and its implementation in Poland. Second, chapter 2 provides key insights from the results by linking technology adoption with productivity, managerial skills, and firms' capabilities. It also investigates heterogeneity in technology sophistication across firms with different characteristics and the main drivers and barriers to adoption. The analysis is enriched by providing an in-depth comparison of technology sophistication between Poland and Korea. Chapter 3 briefly explains the heterogeneity of technology sophistication across sectors in Poland. This report concludes with a policy recommendation chapter that is based on the results of the TAS and the assessment of current policies supporting technology adoption (chapter 4). The second separate report entitled Sectoral approach to the drivers of productivity growth in Polish sectors. A firm-level perspective on technology adoption and firm capabilities complements this report and focuses on the sectoral differences in technology adoption. Each sector, agriculture, food processing, wearing apparel, automotive, pharmaceuticals, trade, financial services, and land transport, is analyzed in detail, not only through the lens of the TAS but also from the perspective of the general economic situation in the sector. Moreover, the series also includes a policy note Do uslug (At your service) The promise of services-led development in Poland that describes the role that the service sector can play in spurring productivity growth
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 28
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Financial Sector Study
    Keywords: Climate Change Economics ; Debt Markets ; Finance and Development ; Finance and Financial Sector Development ; Financial Structures ; Macroeconomics and Economic Growth
    Abstract: Climate change mitigation and adaptation efforts are urgently needed across Southeast Asia. The financial sector can play a critical role in supporting countries in their journey toward greater resilience and sustainability, but it must adapt to do so effectively. This report shows that while sustainable finance has experienced widespread expansion, sustainable financial markets remain small and unable to meet the funding needs of ASEAN-5 economies for their various sustainability objectives. Financial performance is a key driver of sustainable investments for financial institutions, often prioritized over sustainability considerations. This report highlights the importance of developing the financial architecture for sustainability in financial markets
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 29
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Debt and Creditworthiness Study
    Keywords: Debt Markets ; Domestic Debt ; External Debt ; Finance and Financial Sector Development
    Abstract: Analyzing public debt in low-income developing countries (LIDCs) is like solving a puzzle with many missing pieces. Forty percent of LIDCs have not published any sovereign debt data in the last two years. Public debt data disclosed in different publications show discrepancies of up to 30 percent of GDP across sources, and relative to the records of relevant authorities. Over 15 LIDCs have outstanding collateralized debt but no details of the collateralization are provided in official statistics. Restructuring of bilateral and commercial debt is often handled privately. All these problems have different origins and implications. Yet, they all amount to a lack of transparency. The international community has become acutely aware of the importance of debt transparency after recent cases of "hidden debt" The "Tuna Bond" case in Mozambique highlighted the dangers of inadequate debt transparency. In 2016 two large previously unreported loans totaling 1.15 billion US Dollars -equal to about 9 percent of the country's GDP-were revealed. As a result, donor support was frozen, the economy plunged, and the government was forced to make deep cuts in public spending. The biggest losers were poor Mozambiquans. Nontransparent public debt can quickly alter the lives of millions of ordinary citizens. This report is the first comprehensive assessment of debt transparency in LIDCs. It presents a complete picture of the current challenges and the pending policy agenda for all stakeholders. It draws upon new databases and surveys to take stock of key gaps in debt reporting, borrowing practices and legal frameworks, offering a detailed and timely view on the current state of debt transparency in LIDCs. It also synthesizes recent studies and policy discussions on debt transparency and offers practical policy recommendations required to further improve debt transparency in LIDCs
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 30
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (48 pages)
    Parallel Title: Erscheint auch als Print Version: Samano, Agustin International Reserves and Central Bank Independence
    Keywords: Central Bank Independence ; Currencies and Exchange Rates ; Currency ; Debt Markets ; Exchange Rate Regime ; External Debt ; Finance and Financial Sector Development ; International Economics and Trade ; International Reserves ; Public Sector Development ; Reserve Accumulation ; Sovereign Debt
    Abstract: This paper proposes a novel theory of reserve accumulation that emphasizes the role of an independent central bank. Motivated by a positive correlation between reserve accumulation and central bank independence in Latin America, the paper develops a quantitative sovereign default model with an independent central bank that can accumulate a risk-free foreign asset. The findings show that if the central bank is more patient than the government and as patient as households are, in equilibrium, the government issues more debt than what is socially optimal, and the central bank accumulates reserves to undo government over-borrowing. A key insight is that the government can issue more debt for any level of reserves but chooses not to because doing so would increase sovereign spreads, making it more costly to borrow. Quantitatively, the analysis finds that the central bank independence channel accounts for 75 percent of the average reserve levels observed in Mexico from 1994 to 2017. Finally, the paper shows that accumulating reserves improves social welfare. Welfare gains come from reducing the costs of front-loading public spending
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 31
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (35 pages)
    Parallel Title: Erscheint auch als Print Version: Kose, M. Ayhan The Aftermath of Debt Surges
    Keywords: Debt Burden ; Debt Markets ; Debt Restructuring ; Debt Service ; Debt Sustainability ; Economic Growth ; Economic Policy, Institutions and Governance ; Finance and Financial Sector Development ; Financial Repression ; Fiscal and Monetary Policy ; Fiscal Consolidation ; Inflation ; Macroeconomics and Economic Growth ; Public Sector Development
    Abstract: Debt in emerging market and developing economies (EMDEs) is at its highest level in half a century. In about nine out of 10 EMDEs, debt is higher now than it was in 2010 and, in half of the EMDEs, debt is more than 30 percentage points of gross domestic product higher. Historically, elevated debt levels increased the incidence of debt distress, particularly in EMDEs and particularly when financial market conditions turned less benign. This paper reviews an encompassing menu of options that have, in the past, helped lower debt burdens. Specifically, it examines orthodox options (enhancing growth, fiscal consolidation, privatization, and wealth taxation) and heterodox options (inflation, financial repression, debt default and restructuring). The mix of feasible options depends on country characteristics and the type of debt. However, none of these options comes without political, economic, and social costs. Some options may ultimately be ineffective unless vigorously implemented. Policy reversals in difficult times have been common. The challenges associated with debt reduction raise questions of global governance, including to what extent advanced economies can cast their net wider to cushion prospective shocks to EMDEs
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 32
    Language: English
    Pages: 1 Online-Ressource (38 pages)
    Parallel Title: Erscheint auch als Print Version: Kose, M. Ayhan What has been the Impact of COVID-19 on Debt? Turning a Wave into a Tsunami
    Keywords: Business Cycle ; Business Cycles and Stabilization Policies ; Coronavirus ; COVID-19 ; Debt Markets ; Disease Control and Prevention ; External Debt ; Finance and Financial Sector Development ; Fiscal Trends ; Global Recession ; Health, Nutrition and Population ; International Economics and Trade ; Macroeconomic Management ; Pandemic Impact ; Private Debt ; Public Debt
    Abstract: This paper presents a comprehensive analysis of the impact of COVID-19 on debt, puts recent debt developments and prospects in historical context, and analyzes new policy challenges associated with debt resolution. The paper reports three main results. First, even before the pandemic, a rapid buildup of debt in emerging market and developing economies-dubbed the "fourth wave" of debt-had been underway. Because of the sharp increase in debt during the pandemic-induced global recession of 2020, the fourth wave of debt has turned into a tsunami and become even more dangerous. Second, five years after past global recessions, global government debt continued to increase. In light of this historical record, and given large financing gaps and significant investment needs in many countries, debt levels will likely continue to rise in the near future. Third, debt resolution has become more complicated because of a highly fragmented creditor base, a lack of transparency in debt reporting, and a legacy stock of government debt without collective action clauses. National policy makers and the global community need to act rapidly and forcefully ensure that the fourth wave does not end with a string of debt crises in emerging market and developing economies as earlier debt waves did
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 33
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (23 pages)
    Parallel Title: Erscheint auch als Print Version: Islamaj, Ergys What Types of Capital Flows Help Improve International Risk Sharing?
    Keywords: Aid Flows ; Capital Flows ; Capital Markets and Capital Flows ; Concessional Finance and Global Partnerships ; Debt Flows ; Debt Markets ; Equity Capital ; Finance and Financial Sector Development ; Financial Markets ; Foreign Direct Investment ; International Economics and Trade ; International Risk Sharing ; Official Development Assistance ; Remittances
    Abstract: Cross-border capital flows are expected to lead to increased international risk sharing by facilitating borrowing and lending in global financial markets. This paper examines risk-sharing outcomes of various types of capital flows (foreign direct investment, portfolio equity, debt, remittance, and aid flows) in a large sample of emerging market and developing economies. The results suggest that remittances and aid flows are associated with increased international risk sharing. Other types of capital flows are not consistently correlated with better risk-sharing outcomes. These findings are robust to the use of different econometric specifications, country-specific characteristics, and other controls
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 34
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other Financial Sector Study
    Keywords: Carbon Policy and Trading ; Debt Markets ; Environment ; Environmental Assessment ; Environmental Economics and Policies ; Finance and Development ; Finance and Financial Sector Development ; International Financial Markets ; Public and Municipal Finance ; Sovereign Debt
    Abstract: The framework presented in the report is intended to bridge the gap between what sovereign investors will view as appropriately ambitious actions and what issuing countries see as achievable targets. The framework is intended to help investors with their decision-making and can inform Ministries of Finance and their debt management offices (DMOs) about what investors want to know regarding their country's sustainability performance. The report findings may also inform creation of financial instruments and market analyses beyond sovereign sustainability-linked bonds (SLBs) and are relevant for a broad range of stakeholders. These include regulators, credit rating agencies, academics, as well as nongovernmental organizations (NGOs), and civil society groups which can be affected by the types of indicators selected and outcomes of government policies
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 35
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Independent Evaluation Group Studies
    Keywords: Access To Finance ; Debt Markets ; Finance and Financial Sector Development ; Multilateral Debt Relief Initiative ; United Nations Conference on Trade and Development
    Abstract: This evaluation provides an early-stage assessment of the Sustainable Development Finance Policy (SDFP) of the International Development Association (IDA), which went into effect July 1, 2020. A steep rise in debt vulnerabilities in IDA-eligible countries over the past decade highlighted weaknesses in the previous policy, the Non-Concessional Borrowing Policy (NCBP), and precipitated IDA deputies' request for adaptation in IDA's allocation and financial policies through the SDFP. The SDFP improves on the NCBP by broadening country coverage to include more countries at risk of debt distress, and it includes domestic debt, which has been an important factor in rising debt stress for IDA-eligible countries. The SDFP is intended to enhance incentives to address country-specific drivers of debt stress. This evaluation assesses whether there is scope to improve the design and implementation of the SDFP and whether potentially vulnerable countries are excluded from performing necessary performance and policy actions (PPAs), given the speed at which some IDA-eligible countries have moved to higher levels of debt distress. The evaluation also assesses whether PPAs are systematically targeting the most important country-specific drivers of debt stress and offers principles that to guide future PPAs
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 36
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (37 pages)
    Parallel Title: Erscheint auch als Print Version: Calice, Pietro Nature-Related Financial Risks in Brazil
    Keywords: Bankruptcy and Resolution of Financial Distress ; Biodiversity ; Corporate Borrowing ; Debt Markets ; Ecosystem Services ; Ecosystems and Natural Habitats ; Environment ; Finance ; Finance and Financial Sector Development ; Financial Risk ; Insurance and Risk Mitigation ; Natural Disaster ; Natural Disasters
    Abstract: Biodiversity loss and associated economic costs are increasingly recognized as a source of financial risks. This paper explores how and to what extent Brazilian banks are exposed to the loss of biodiversity through their lending to non-financial corporates. The results suggest that such exposures are material. Forty-six percent of Brazilian banks' non-financial corporate loan portfolio is concentrated in sectors highly or very highly dependent on one or more ecosystem services. Output losses associated with the collapse in ecosystem services could translate into a cumulative long-term increase in corporate nonperforming loans of 9 percentage points. Moreover, 15 percent of Brazilian banks' corporate loan portfolio is to firms potentially operating in protected areas, which could increase to 25 percent should conservation gaps close, and 38 percent should all priority areas become protected. Finally, 7 percent of corporate loans are to firms for which environmental controversies have been recorded. While preliminary, the results have important policy implications for both Brazilian banks and Banco Central do Brasil
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 37
    Language: English
    Pages: 1 Online-Ressource (30 pages)
    Parallel Title: Erscheint auch als Print Version: Jolliffe, Dean Under what Conditions are Data Valuable for Development?
    Keywords: Development Data ; Economic Theory and Research ; Information and Communication Technologies ; Information Technology ; Macroeconomics and Economic Growth ; Public Sector Development ; Public Service Delivery ; Statistical and Mathematical Sciences ; Statistics
    Abstract: Data produced by the public sector can have transformational impacts on development outcomes through better targeting of resources, improved service delivery, cost savings in policy implementation, increased accountability, and more. Around the world, the amount of data produced by the public sector is increasing at a rapid pace, yet their transformational impacts have not been realized fully. Why has the full value of these data not been realized yet This paper outlines 12 conditions needed for the production and use of public sector data to generate value for development and presents case studies substantiating these conditions. The conditions are that data need to have adequate spatial and temporal coverage (are complete, frequent, and timely), are of high quality (are accurate, comparable, and granular), are easy to use (are accessible, understandable, and interoperable), and are safe to use (are impartial, confidential, and appropriate)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 38
    Language: English
    Pages: 1 Online-Ressource (32 pages)
    Parallel Title: Erscheint auch als Timilsina, Govinda How Much does Physical Infrastructure Contribute to Economic Growth? An Empirical Analysis
    Keywords: Economic Growth ; Economic Theory and Research ; Electricity ; Growth Drivers ; Infrastructure ; Infrastructure Economics ; Infrastructure Economics and Finance ; Macroeconomics and Economic Growth ; Mobile Phone ; Telecommunications ; Transport Infrastructure
    Abstract: Existing literature on the relationship between infrastructure and economic growth is inconclusive. This study evaluates the contributions to economic growth of three main categories of infrastructure-transport, electricity, and telecommunications-using data from 87 countries over 1992-2017. Compared with existing studies, this study uses more recent data, includes new types of infrastructure such as mobile phones, and provides separate estimates for developing and developed countries. The pooled mean group estimator, which tests for the weak exogeneity of the infrastructure variables, is employed. The key finding of the study is that an increase in infrastructure, especially electricity generation capacity and telecommunications, has significant positive effects on gross domestic product. Infrastructure has a larger effect in more recent years (1992-2017) than in earlier years (1970-1991), and the effects of infrastructure are higher in developing economies than in industrialized economies
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 39
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Financial Sector Assessment Program
    Keywords: Access To Finance ; Debt Markets ; Finance and Financial Sector Development ; Financial Regulation and Supervision ; Securities Markets Policy and Regulation
    Abstract: This note assesses competitive dynamics and potential impediments in Chile's financial sector in order to provide actionable policy recommendations. This note contains both a quantitative as well as qualitative assessment of competition. The quantitative assessment explores market characteristics and dynamics, including market structure and concentration, cross-ownership and vertical integration, and customer conditions/consumer power. The quantitative assessment is complemented by a qualitative analysis of the regulatory and institutional framework to understand how private and public interventions shape market dynamics and result in specific market outcomes, including efficiency, degree of market power and consumer mobility (Figure 1). The note will focus primarily on the retail banking sector as well as payment systems and discuss competitive dynamics in other parts of the financial sector only to the extent that they affect these two areas, for example in the context of financial conglomerates
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 40
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (40 pages)
    Parallel Title: Erscheint auch als Print Version: Kose, M. Ayhan A Mountain of Debt: Navigating the Legacy of the Pandemic
    Keywords: Business Cycles and Stabilization Policies ; Coronavirus ; COVID-19 ; Debt Markets ; Deficits ; External Debt ; Finance and Financial Sector Development ; Fiscal and Monetary Policy ; Fiscal Policy ; International Economics and Trade ; Macroeconomic Management ; Macroeconomics and Economic Growth ; Pandemic Impact ; Pandemic Response ; Private Debt ; Sovereign Debt
    Abstract: The COVID-19 pandemic has triggered a massive increase in global debt levels and exacerbated the trade-offs between the benefits and costs of accumulating government debt. This paper examines these trade-offs by putting the recent debt boom into a historical context. It reports three major findings. First, during the 2020 global recession, both global government and private debt levels rose to record highs, and at their fastest single-year pace, in five decades. Second, the debt-financed, massive fiscal support programs implemented during the pandemic supported activity and illustrated the benefits of accumulating debt. However, as the recovery gains traction, the balance of benefits and costs of debt accumulation could increasingly tilt toward costs. Third, more than two-thirds of emerging market and developing economies are currently in government debt booms. On average, the current booms have already lasted three years longer, and are accompanied by a considerably larger fiscal deterioration, than earlier booms. About half of the earlier debt booms were associated with financial crises in emerging market and developing economies
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 41
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Other papers
    Keywords: Climate Change Economics ; Climate Change Impacts ; Debt ; Economic Growth ; Economic Recovery ; Economic Theory and Research ; Environment ; Industrial Economics ; Industry ; Macroeconomics and Economic Growth ; Natural Disasters
    Abstract: This paper provides a review and assessment of the current literature on the macroeconomic impact of natural disasters in the Caribbean, including other non-Caribbean studies that may have implications for it. It also discusses, in view of existing studies, what factors may make Caribbean economies more resilient to these extreme events, as well as whether there are damage thresholds beyond which recovery will be more difficult. Finally, recommendations are provided for future data collection and research that might provide further light on the issues
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 42
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: Financial Sector Assessment Program
    Keywords: Capital Markets ; Capital Markets and Capital Flows ; Debt Markets ; Finance and Financial Sector Development ; Financial Regulation and Supervision ; Non Bank Financial Institutions ; Securities Markets Policy and Regulation
    Abstract: The Philippines corporate debt and equity markets will need to grow to provide alternative financing sources to support the strongly growing economy and emphasis on infrastructure spend. Capital markets deepening will be an essential pre-requisite for the country's continued economic development. Well-functioning capital markets ensure the optimal allocation and pricing of capital. This enables retail and wholesale pools of capital to be efficiently deployed in a manner that maximizes returns for such owners of capital against their risk profile. Furthermore, there are a number of technical and operational issues that can be addressed, that can significantly improve the enabling environment for and functioning of the capital markets. The result of these factors has been a lack of focus in policy development and implementation that has hampered capital market development. Key issues include: a lack of commitment to reform from key stakeholders that has impeded the development of markets and market infrastructure; an onerous tax environment that has deterred issuance and investment; a continuing need to improve investor confidence by strengthening the quality of supervision and enforcement for market intermediaries and market operators; cumbersome regulatory requirements and processes around issuance, particularly debt issuance; and outdated and inefficient trading and post-trading infrastructure, and governance concerns regarding market operators. In order to effect meaningful change, a capital markets champion is required. This champion should be cognizant of the relevance of capital markets to the country and possess the will and vision to drive legislative, regulatory, and tax reforms. In addition, a commitment to initiate a change in the ownership and governance of key exchanges and enforce policy against entrenched interests will provide considerable impetus for development
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 43
    Language: English
    Pages: Online-Ressource (1 online resource (33 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Bown, Chad P Developing Countries And Enforcement of Trade Agreements
    Keywords: Dumping ; Economic Theory and Research ; Economics Literature ; Emerging Markets ; Externality ; Free Trade ; Generalized System Of Preferences ; International Economics & Trade ; International Trade ; LDCS ; Law and Development ; Macroeconomics and Economic Growth ; Private Sector Development ; Trade Law ; Trade Liberalization ; Transparency ; WTO ; World Trade Organization ; World Trade Organization ; Dumping ; Economic Theory and Research ; Economics Literature ; Emerging Markets ; Externality ; Free Trade ; Generalized System Of Preferences ; International Economics & Trade ; International Trade ; LDCS ; Law and Development ; Macroeconomics and Economic Growth ; Private Sector Development ; Trade Law ; Trade Liberalization ; Transparency ; WTO ; World Trade Organization ; World Trade Organization ; Dumping ; Economic Theory and Research ; Economics Literature ; Emerging Markets ; Externality ; Free Trade ; Generalized System Of Preferences ; International Economics & Trade ; International Trade ; LDCS ; Law and Development ; Macroeconomics and Economic Growth ; Private Sector Development ; Trade Law ; Trade Liberalization ; Transparency ; WTO ; World Trade Organization ; World Trade Organization
    Abstract: Poor countries are rarely challenged in formal World Trade Organization trade disputes for failing to live up to commitments, reducing the benefits of their participation in international trade agreements. This paper examines the political-economic causes of the failure to challenge poor countries, and discusses the static and dynamic costs and externality implications of this failure. Given the weak incentives to enforce World Trade Organization rules and disciplines against small and poor members, bolstering the transparency function of the World Trade Organization is important for making trade agreements more relevant to trade constituencies in developing countries. Although the paper focuses on the World Trade Organization system, the arguments also apply to reciprocal North-South trade agreements
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 44
    Language: English
    Pages: Online-Ressource (1 online resource (28 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Hoekman, Bernard Regulatory Cooperation, Aid For Trade And The General Agreement On Trade In Services
    Keywords: Banks and Banking Reform ; Best Market ; Business Practice ; Developing Countries ; Economic Theory and Research ; Emerging Markets ; Free Trade ; Growth Rate ; International Cooperation ; International Economics & Trade ; Liberalization ; Macroeconomics and Economic Growth ; Market Access ; Private Sector Development ; Regulators ; Technological Change ; Trade and Services ; World Trade ; Banks and Banking Reform ; Best Market ; Business Practice ; Developing Countries ; Economic Theory and Research ; Emerging Markets ; Free Trade ; Growth Rate ; International Cooperation ; International Economics & Trade ; Liberalization ; Macroeconomics and Economic Growth ; Market Access ; Private Sector Development ; Regulators ; Technological Change ; Trade and Services ; World Trade ; Banks and Banking Reform ; Best Market ; Business Practice ; Developing Countries ; Economic Theory and Research ; Emerging Markets ; Free Trade ; Growth Rate ; International Cooperation ; International Economics & Trade ; Liberalization ; Macroeconomics and Economic Growth ; Market Access ; Private Sector Development ; Regulators ; Technological Change ; Trade and Services ; World Trade
    Abstract: This paper discusses what could be done to expand services trade and investment through a multilateral agreement in the World Trade Organization. A distinction is made between market access liberalization and the regulatory preconditions for benefiting from market opening. The authors argue that prospects for multilateral services liberalization would be enhanced by making national treatment the objective of World Trade Organization services negotiations, thereby clarifying the scope of World Trade Organization commitments for regulators. Moreover, liberalization by smaller and poorer members of the World Trade Organization would be facilitated by complementary actions to strengthen regulatory capacity. If pursued as part of the operationalization of the World Trade Organization's 2006 Aid for Trade taskforce report, the World Trade Organization could become more relevant in promoting not just services liberalization but, more importantly, domestic reforms of services policies
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 45
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (48 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Li, Ying Aid Inflows And The Real Effective Exchange Rate In Tanzania
    Keywords: Currencies and Exchange Rates ; Debt Markets ; Depreciation ; Economic Policy ; Economic Stabilization ; Economic Theory and Research ; Emerging Markets ; Equilibrium ; Export Competitiveness ; Finance and Financial Sector Development ; International Competitiveness ; Macroeconomics and Economic Growth ; Poverty Reduction ; Private Sector Development ; Real Effective Exchange Rate ; Real Exchange Rate ; Trade Liberalization ; Trade Movements ; Currencies and Exchange Rates ; Debt Markets ; Depreciation ; Economic Policy ; Economic Stabilization ; Economic Theory and Research ; Emerging Markets ; Equilibrium ; Export Competitiveness ; Finance and Financial Sector Development ; International Competitiveness ; Macroeconomics and Economic Growth ; Poverty Reduction ; Private Sector Development ; Real Effective Exchange Rate ; Real Exchange Rate ; Trade Liberalization ; Trade Movements ; Currencies and Exchange Rates ; Debt Markets ; Depreciation ; Economic Policy ; Economic Stabilization ; Economic Theory and Research ; Emerging Markets ; Equilibrium ; Export Competitiveness ; Finance and Financial Sector Development ; International Competitiveness ; Macroeconomics and Economic Growth ; Poverty Reduction ; Private Sector Development ; Real Effective Exchange Rate ; Real Exchange Rate ; Trade Liberalization ; Trade Movements
    Abstract: Tanzania is well placed to receive a significant increase in aid inflows in coming years. Despite the potential for the additional aid inflows to raise income levels in the country, increasing them may bring about structural changes in the economy that may be unwelcome. One such change is an appreciation of the real exchange rate that leads to a contraction of traditional export sectors and a loss of export competitiveness. This paper employs a reduced-form equilibrium real exchange rate approach to explain movements in Tanzania's real effective exchange in recent decades. Particular attention is paid to the relationship between aid inflows and the real effective exchange rate. The authors find that the long-run behavior of the real effective exchange rate is influenced by terms of trade movements, the government's trade liberalization efforts, and aid inflows. Positive terms-of-trade movements are associated with an appreciation, periods of improving trade liberalization are associated with a depreciation, and increases in aid inflows are associated with a depreciation in the real effective exchange rate. Although the last result is non-standard, it is not empirically unique and does have theoretical underpinnings. A detailed analysis of this relationship over the last decade shows that the Bank of Tanzania's response to aid inflows is likely the main reason for the finding
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 46
    Language: English
    Pages: Online-Ressource (1 online resource (43 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Beck, Thorsten Foreign Bank Acquisitions And Outreach
    Keywords: Access to Finance ; Bank Acquisitions ; Banking Sector ; Banking Sector Development ; Banking Services ; Banking Stability ; Banks ; Banks and Banking Reform ; Corporate Law ; Debt Markets ; Finance and Financial Sector Development ; Financial Crises ; Financial Services ; Foreign Banks ; Law and Development ; Municipalities ; Access to Finance ; Bank Acquisitions ; Banking Sector ; Banking Sector Development ; Banking Services ; Banking Stability ; Banks ; Banks and Banking Reform ; Corporate Law ; Debt Markets ; Finance and Financial Sector Development ; Financial Crises ; Financial Services ; Foreign Banks ; Law and Development ; Municipalities ; Access to Finance ; Bank Acquisitions ; Banking Sector ; Banking Sector Development ; Banking Services ; Banking Stability ; Banks ; Banks and Banking Reform ; Corporate Law ; Debt Markets ; Finance and Financial Sector Development ; Financial Crises ; Financial Services ; Foreign Banks ; Law and Development ; Municipalities
    Abstract: Between 1995 and 2005, foreign bank participation in Mexico rose from 2 percent of bank assets to 83 percent, as the top five largest banks were acquired by foreigners. This paper examines the link between foreign bank acquisitions and banking outreach. Using quarterly country, bank, and bank-municipality-level data, the authors find some contrasting patterns. As foreign bank participation rose due to foreign acquisitions, the number of municipalities with bank presence increased but the number of loan and deposit accounts fell for the country as a whole and for banks after they became foreign. The drop in the number of loans, however, was partially off-set by an increase in domestic bank loans. Further, the decline in loan and deposit accounts was more pronounced in more rural and poorer areas. Finally, only very rich and urban areas experienced an increase in branches after foreign acquisition
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 47
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (34 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Demirguc-Kunt, Asli Finance And Economic Opportunity
    Keywords: Access to Finance ; Banks and Banking Reform ; Debt Markets ; Economic Opportunities ; Economic Opportunity ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial Markets ; Financial Services ; Financial System ; Financial Systems ; Formal Financial Sector ; Households ; Inequality ; Macroeconomics and Economic Growth ; Private Sector Development ; Small Enterprises ; Access to Finance ; Banks and Banking Reform ; Debt Markets ; Economic Opportunities ; Economic Opportunity ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial Markets ; Financial Services ; Financial System ; Financial Systems ; Formal Financial Sector ; Households ; Inequality ; Macroeconomics and Economic Growth ; Private Sector Development ; Small Enterprises ; Access to Finance ; Banks and Banking Reform ; Debt Markets ; Economic Opportunities ; Economic Opportunity ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial Markets ; Financial Services ; Financial System ; Financial Systems ; Formal Financial Sector ; Households ; Inequality ; Macroeconomics and Economic Growth ; Private Sector Development ; Small Enterprises
    Abstract: An influential body of theoretical research and an emerging line of empirical work suggest that the operation of the formal financial system affects the degree to which economic opportunities are defined by talent and initiative rather than by parental wealth and social connections. This paper discusses the theory of how financial markets influence economic opportunity and reviews recent empirical work on the relation between formal financial systems and poverty, income inequality, and economic opportunity. The authors consider recent efforts to measure the ability of households and small enterprises to access financial services, the impact of this access, and the mechanisms through which finance affects poverty and inequality. The authors argue that considerably more research is needed to identify which formal financial sector policies enhance the operation of the financial system in ways that expand the economic horizons of the economically disenfranchised
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 48
    Language: English
    Pages: Online-Ressource (1 online resource (51 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Magnoli Bocchi, Alessandro Rising Growth, Declining Investment
    Keywords: Access to Finance ; Agriculture ; Barriers To Entry ; Debt ; Debt Markets ; Economic Growth ; Economic Theory and Research ; Environment ; Environmental Economics and Policies ; Equilibrium ; Exports ; Finance and Financial Sector Development ; GDP ; Macroeconomics and Economic Growth ; Marginal Product ; Political Economy ; Unemployment ; Wages ; Access to Finance ; Agriculture ; Barriers To Entry ; Debt ; Debt Markets ; Economic Growth ; Economic Theory and Research ; Environment ; Environmental Economics and Policies ; Equilibrium ; Exports ; Finance and Financial Sector Development ; GDP ; Macroeconomics and Economic Growth ; Marginal Product ; Political Economy ; Unemployment ; Wages ; Access to Finance ; Agriculture ; Barriers To Entry ; Debt ; Debt Markets ; Economic Growth ; Economic Theory and Research ; Environment ; Environmental Economics and Policies ; Equilibrium ; Exports ; Finance and Financial Sector Development ; GDP ; Macroeconomics and Economic Growth ; Marginal Product ; Political Economy ; Unemployment ; Wages
    Abstract: The economy of the Philippines is open to trade and capital inflows, and has grown rapidly since 2002. Over the last 10 years, however, domestic investment, while stagnant in real terms, has shrunk as a share of GDP. In an open and growing economy, why the decline? Three reasons explain the puzzle. First, the public sector cannot afford expanding its investment at GDP growth rates. Second, the capital-intensive private sector does not find it convenient to raise investment at the economy's pace. Third, fast-growing businesses in the service sector do not need to rapidly increase investment to enjoy rising profits. Yet, the economy keeps growing. On the demand-side, massive labor migration results in remittances that fuel consumption-led-growth. On the supply-side, free from rent-capturing regulations, a few non-capital-intensive manufactures and services boost exports. The economic system is in equilibrium at a low level of capital stock, where all economic agents have no incentive to unilaterally increase investment and the first mover bears short-term costs. As a consequence, growth is slower and less inclusive than it could be. To make it speedier and more sustainable, and to reduce unemployment and poverty, the economy needs to move to a "high-capital-stock" equilibrium. This would be attainable through better-performing eco-zones, a competitive exchange rate, greater government revenues, and fewer elite-capturing regulations
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 49
    Language: English
    Pages: Online-Ressource (1 online resource (41 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Ashraf, Nava Finding Missing Markets (And A Disturbing Epilogue)
    Keywords: Agricultural Inputs ; Agricultural Technology ; Agriculture ; Banks and Banking Reform ; Cash Crops ; Crop ; Crops ; Crops and Crop Management Systems ; Economic Theory and Research ; Export Crops ; Farmer ; Farmers ; Farms ; Food Safety ; Macroeconomics and Economic Growth ; Poverty Reduction ; Rural Development ; Rural Development Knowledge and Information Systems ; Rural Poverty Reduction ; Agricultural Inputs ; Agricultural Technology ; Agriculture ; Banks and Banking Reform ; Cash Crops ; Crop ; Crops ; Crops and Crop Management Systems ; Economic Theory and Research ; Export Crops ; Farmer ; Farmers ; Farms ; Food Safety ; Macroeconomics and Economic Growth ; Poverty Reduction ; Rural Development ; Rural Development Knowledge and Information Systems ; Rural Poverty Reduction ; Agricultural Inputs ; Agricultural Technology ; Agriculture ; Banks and Banking Reform ; Cash Crops ; Crop ; Crops ; Crops and Crop Management Systems ; Economic Theory and Research ; Export Crops ; Farmer ; Farmers ; Farms ; Food Safety ; Macroeconomics and Economic Growth ; Poverty Reduction ; Rural Development ; Rural Development Knowledge and Information Systems ; Rural Poverty Reduction
    Abstract: In much of the developing world, many farmers grow crops for local or personal consumption despite export options that appear to be more profitable. Thus many conjecture that one or several markets are missing. This paper reports on a randomized controlled trial conducted by DrumNet in Kenya that attempts to help farmers adopt and market export crops. DrumNet provides smallholder farmers with information about how to switch to export crops, makes in-kind loans for the purchase of the agricultural inputs, and provides marketing services by facilitating the transaction with exporters. The experimental evaluation design randomly assigns pre-existing farmer self-help groups to one of three groups: (1) a treatment group that receives all DrumNet services, (2) a treatment group that receives all DrumNet services except credit, or (3) a control group. After one year, DrumNet services led to an increase in production of export oriented crops and lower marketing costs; this translated into household income gains for new adopters. However, one year after the study ended, the exporter refused to continue buying the cash crops from the farmers because the conditions of the farms did not satisfy European export requirements. DrumNet collapsed in this region as farmers were forced to sell to middlemen and defaulted on their loans. The risk of such events may explain, at least partly, why many seemingly more profitable export crops are not adopted
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 50
    Language: English
    Pages: Online-Ressource (1 online resource (44 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Devarajan, Shantayanan Aid, Growth, And Real Exchange Rate Dynamics
    Keywords: Currencies and Exchange Rates ; Debt ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Equilibrium ; Extreme Poverty ; Finance and Financial Sector Development ; Incentive Effects ; Macroeconomic Management ; Macroeconomic Management ; Macroeconomics and Economic Growth ; Marginal Productivity ; Open Economy ; Private Sector Development ; Productivity ; Savings ; Side Effects ; Currencies and Exchange Rates ; Debt ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Equilibrium ; Extreme Poverty ; Finance and Financial Sector Development ; Incentive Effects ; Macroeconomic Management ; Macroeconomic Management ; Macroeconomics and Economic Growth ; Marginal Productivity ; Open Economy ; Private Sector Development ; Productivity ; Savings ; Side Effects ; Currencies and Exchange Rates ; Debt ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Equilibrium ; Extreme Poverty ; Finance and Financial Sector Development ; Incentive Effects ; Macroeconomic Management ; Macroeconomic Management ; Macroeconomics and Economic Growth ; Marginal Productivity ; Open Economy ; Private Sector Development ; Productivity ; Savings ; Side Effects
    Abstract: Devarajan, Go, Page, Robinson, and Thierfelder argued that if aid is about the future and recipients are able to plan consumption and investment decisions optimally over time, then the potential problem of an aid-induced appreciation of the real exchange rate (Dutch disease) does not occur. In their paper, "Aid, Growth and Real Exchange Rate Dynamics," this key result is derived without requiring extreme assumptions or additional productivity story. The economic framework is a standard neoclassical growth model, based on the familiar Salter-Swan characterization of an open economy, with full dynamic savings and investment decisions. It does require that the model is fully dynamic in both savings and investment decisions. An important assumption is that aid should be predictable for intertemporal smoothing to take place. If aid volatility forces recipients to be constrained and myopic, Dutch disease problems become an issue
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 51
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (27 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Ravallion, Martin On The Welfarist Rationale For Relative Poverty Lines
    Keywords: Armut ; Messung ; Theorie ; Malawi ; Absolute poverty ; Economic Theory and Research ; Food items ; Inequality ; Macroeconomics and Economic Growth ; Poor ; Poor people ; Poverty Lines ; Poverty Reduction ; Poverty gap ; Poverty measurement ; Pro-Poor Growth ; Risk sharing ; Rural ; Rural Development ; Rural Poverty Reduction ; Rural areas ; Absolute poverty ; Economic Theory and Research ; Food items ; Inequality ; Macroeconomics and Economic Growth ; Poor ; Poor people ; Poverty Lines ; Poverty Reduction ; Poverty gap ; Poverty measurement ; Pro-Poor Growth ; Risk sharing ; Rural ; Rural Development ; Rural Poverty Reduction ; Rural areas ; Absolute poverty ; Economic Theory and Research ; Food items ; Inequality ; Macroeconomics and Economic Growth ; Poor ; Poor people ; Poverty Lines ; Poverty Reduction ; Poverty gap ; Poverty measurement ; Pro-Poor Growth ; Risk sharing ; Rural ; Rural Development ; Rural Poverty Reduction ; Rural areas
    Abstract: The theory and evidence supporting a relativist approach to poverty measurement are critically reviewed. Various sources of welfare interdependence are identified, including the idea of "relative deprivation" as well other (positive and negative) welfare effects for poor people of belonging to a better-off group. An economic model combines informal risk sharing with the idea of a "positional good," and conditions are derived in which the relative deprivation effect dominates, implying a relative poverty measure. The paper then reviews the problems encountered in testing for welfare effects of relative deprivation and discusses the implications of micro evidence from Malawi. The results are consistent with the emphasis given to absolute level of living in development policy discussions. However, relative deprivation is still evident in the data from this poor but unequal country, and it is likely to become a more important factor as the country develops
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 52
    Language: English
    Pages: Online-Ressource (1 online resource (41 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Lopez, J. Humberto Inequality In Latin America
    Keywords: Average income ; Economic Conditions and Volatility ; Economic Theory and Research ; Gini coefficient ; Impact of inequality ; Income ; Income inequality ; Inequality ; Inequality ; Inequality trends ; Macroeconomics and Economic Growth ; Output volatility ; Policy ReseaRch ; Poverty Reduction ; Poverty levels ; Pro-Poor Growth ; Rural Development ; Rural Poverty Reduction ; Average income ; Economic Conditions and Volatility ; Economic Theory and Research ; Gini coefficient ; Impact of inequality ; Income ; Income inequality ; Inequality ; Inequality ; Inequality trends ; Macroeconomics and Economic Growth ; Output volatility ; Policy ReseaRch ; Poverty Reduction ; Poverty levels ; Pro-Poor Growth ; Rural Development ; Rural Poverty Reduction ; Average income ; Economic Conditions and Volatility ; Economic Theory and Research ; Gini coefficient ; Impact of inequality ; Income ; Income inequality ; Inequality ; Inequality ; Inequality trends ; Macroeconomics and Economic Growth ; Output volatility ; Policy ReseaRch ; Poverty Reduction ; Poverty levels ; Pro-Poor Growth ; Rural Development ; Rural Poverty Reduction
    Abstract: Latin America is together with Sub-Saharan Africa the most unequal region of the world. This paper documents recent inequality trends in the Latin American region, going beyond traditional measures of income inequality. The paper also reviews some of the explanations that have been put forward to understand the current situation, and discusses why reducing income inequality should be an important policy priority. In particular, the authors discuss channels through which inequality can affect growth and output volatility. On the whole, the analysis suggests a two-pronged approach to reduce inequality in the region that combines policies aimed at improving the distribution of assets (especially education) with elements aimed at improving the capacity of the state to redistribute income through taxes and transfers
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 53
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (33 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Dollar, David Lessons From China For Africa
    Keywords: Auto industry ; Banks and Banking Reform ; Debt Markets ; Driving ; Emerging Markets ; Environmental regulations ; Finance and Financial Sector Development ; Health, Nutrition and Population ; Infrastructure finance ; Infrastructure investment ; Pollution ; Population Policies ; Private Sector Development ; Rail ; Roads ; Tax ; Transport ; Transport Economics, Policy and Planning ; Trip ; Auto industry ; Banks and Banking Reform ; Debt Markets ; Driving ; Emerging Markets ; Environmental regulations ; Finance and Financial Sector Development ; Health, Nutrition and Population ; Infrastructure finance ; Infrastructure investment ; Pollution ; Population Policies ; Private Sector Development ; Rail ; Roads ; Tax ; Transport ; Transport Economics, Policy and Planning ; Trip ; Auto industry ; Banks and Banking Reform ; Debt Markets ; Driving ; Emerging Markets ; Environmental regulations ; Finance and Financial Sector Development ; Health, Nutrition and Population ; Infrastructure finance ; Infrastructure investment ; Pollution ; Population Policies ; Private Sector Development ; Rail ; Roads ; Tax ; Transport ; Transport Economics, Policy and Planning ; Trip
    Abstract: China has been the most successful developing country in this modern era of globalization. Since initiating economic reform after 1978, its economy has expanded at a steady rate over 8 percent per capita, fueling historically unprecedented poverty reduction (the poverty rate declined from over 60 percent to 7 percent in 2007). Other developing countries struggling to grow and reduce poverty are naturally interested in what has been the source of this impressive growth and what, if any, lessons they can take from China. This paper focuses on four features of modern China that have changed significantly between the pre-reform period and today. The Chinese themselves call their reform program Gai Ge Kai Feng, "change the system, open the door." "Change the system" means altering incentives and ownership, that is, shifting the economy from near total state ownership to one in which private enterprise is dominant. "Open the door" means exactly what it says, liberalizing trade and direct investment. A third lesson is the development of high-quality infrastructure: China's good roads, reliable power, world-class ports, and excellent cell phone coverage throughout the country are apparent to any visitor. What is less well known is that most of this infrastructure has been developed through a policy of "cost recovery" that prices infrastructure services at levels sufficient to finance the capital cost as well as operations and maintenance. A fourth important lesson is China's careful attention to agriculture and rural development, complemented by rural-urban migration
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 54
    Language: English
    Pages: Online-Ressource (1 online resource (36 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Brownbridge, Martin Fiscal Policy For Growth And Development In Tajikistan
    Keywords: Access to Finance ; Banks and Banking Reform ; Debt Markets ; Economic growth ; Finance and Financial Sector Development ; Fiscal Policy ; Fiscal deficit ; Fiscal sustainability ; Poverty Reduction ; Public Disclosure ; Public Sector Economics and Finance ; Public Sector Expenditure Analysis and Management ; Public debt ; Public financial management ; Public provision ; Public spending ; Access to Finance ; Banks and Banking Reform ; Debt Markets ; Economic growth ; Finance and Financial Sector Development ; Fiscal Policy ; Fiscal deficit ; Fiscal sustainability ; Poverty Reduction ; Public Disclosure ; Public Sector Economics and Finance ; Public Sector Expenditure Analysis and Management ; Public debt ; Public financial management ; Public provision ; Public spending ; Access to Finance ; Banks and Banking Reform ; Debt Markets ; Economic growth ; Finance and Financial Sector Development ; Fiscal Policy ; Fiscal deficit ; Fiscal sustainability ; Poverty Reduction ; Public Disclosure ; Public Sector Economics and Finance ; Public Sector Expenditure Analysis and Management ; Public debt ; Public financial management ; Public provision ; Public spending
    Abstract: Tajikistan's economy has recovered strongly after the collapse of the 1990s, but sustaining rapid economic growth over the long term and reducing poverty present major challenges for policymakers. This paper contributes to the debate over the strategic role for fiscal policy to play in meeting these challenges, utilizing the "fiscal space" approach to assess the long-term potential for expanding public provision of growth-promoting goods and services and evaluating the priorities for public spending. It also analyzes the long-term risks to fiscal sustainability, from external public debt and the quasi fiscal deficit of the electricity sector. The paper contends that institutional reforms in key areas, notably public financial management, tax administration, and the energy sector, are crucial for generating fiscal space and for ensuring that higher levels of public spending are translated into stronger economic growth and poverty reduction. The priorities for government spending should be education, health, and the maintenance of the core networks of the existing infrastructure for energy and transport, rather than new public investment projects
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 55
    Language: English
    Pages: Online-Ressource (1 online resource (48 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Mundlak, Yair Heterogeneous Technology And Panel Data
    Keywords: Agriculture ; Economic Theory and Research ; Economic growth ; Elasticity ; Elasticity of substitution ; Environment ; Environmental Economics and Policies ; Factor demand ; Macroeconomics and Economic Growth ; Production Function ; Production functions ; Productivity ; Productivity growth ; Total factor productivity ; Agriculture ; Economic Theory and Research ; Economic growth ; Elasticity ; Elasticity of substitution ; Environment ; Environmental Economics and Policies ; Factor demand ; Macroeconomics and Economic Growth ; Production Function ; Production functions ; Productivity ; Productivity growth ; Total factor productivity ; Agriculture ; Economic Theory and Research ; Economic growth ; Elasticity ; Elasticity of substitution ; Environment ; Environmental Economics and Policies ; Factor demand ; Macroeconomics and Economic Growth ; Production Function ; Production functions ; Productivity ; Productivity growth ; Total factor productivity
    Abstract: The paper presents empirical analysis of a panel of countries to estimate an agricultural production function using a measure of capital in agriculture absent from most studies. The authors employ a heterogeneous technology framework where implemented technology is chosen jointly with inputs to interpret information obtained in the empirical analysis of panel data. The paper discusses the scope for replacing country and time effects by observed variables and the limitations of instrumental variables. The empirical results differ from those reported in the literature for cross-country studies, largely in augmenting the role of capital, in combination with productivity gains, as a driver of agricultural growth. The results indicate that total factor productivity increased at an average rate of 3.2 percent, accounting for 59 percent of overall growth. Most of the remaining gains stem from large inflows of fixed capital into agriculture. The results also suggest possible constraints to fertilizer use
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 56
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (43 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: van Dam, Rein Risk-Based Supervision of Pension Institutions In Denmark
    Keywords: Banks and Banking Reform ; Debt Markets ; Emerging Markets ; Finance and Financial Sector Development ; Financial Systems ; Insurance and Risk Mitigation ; Investment restrictions ; Market discipline ; Pension ; Pension funds ; Portfolios ; Private Sector Development ; Returns ; Risk control ; Solvency ; Valuation ; Banks and Banking Reform ; Debt Markets ; Emerging Markets ; Finance and Financial Sector Development ; Financial Systems ; Insurance and Risk Mitigation ; Investment restrictions ; Market discipline ; Pension ; Pension funds ; Portfolios ; Private Sector Development ; Returns ; Risk control ; Solvency ; Valuation ; Banks and Banking Reform ; Debt Markets ; Emerging Markets ; Finance and Financial Sector Development ; Financial Systems ; Insurance and Risk Mitigation ; Investment restrictions ; Market discipline ; Pension ; Pension funds ; Portfolios ; Private Sector Development ; Returns ; Risk control ; Solvency ; Valuation
    Abstract: This paper examines the move towards risk-based supervision of pension institutions in Denmark. Although Denmark has not adopted a comprehensive model to assess risk it has developed a number of building blocks which it uses for risk-based assessment. The motivations for improving risk assessment include a desire to identify emerging problems, and concerns about the solvency of pension institutions. In Denmark there is extensive use of guaranteed minimum returns in both the accumulation and payout phases which create substantial obligations on pension institutions, and focus attention on the integrity and solvency of the institutions which provide them. In conjunction with freeing up investment restrictions and moving towards market valuation of assets, the supervisor has introduced a 'traffic light' stress test model which calculates the effect of several market scenarios - the red test which is the more plausible and the yellow test which is possible but less likely. In addition to the use of the traffic light system, there has been a growing emphasis on the adequacy of internal risk control systems and greater reliance on market discipline. Pension institutions have sought to reduce their exposure to market volatility by better matching of assets and liabilities. There is a much better understanding of the risks inherent in the pension institutions' portfolios, and there has been a substantial increase in the use of hedging instruments
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 57
    Language: English
    Pages: Online-Ressource (1 online resource (36 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Keefer, Philip The Development Impact of The Illegality of Drug Trade
    Keywords: Conflict and Development ; Corruption ; Crime and Society ; Drug ; Drug Trade ; Drug trafficking ; Drugs ; Economic Theory and Research ; Health Monitoring and Evaluation ; Health, Nutrition and Population ; Macroeconomics and Economic Growth ; Markets and Market Access ; Narcotic ; Narcotic drug ; Narcotic drugs ; Organized crime ; Post Conflict Reconstruction ; Social Development ; Violence ; Conflict and Development ; Corruption ; Crime and Society ; Drug ; Drug Trade ; Drug trafficking ; Drugs ; Economic Theory and Research ; Health Monitoring and Evaluation ; Health, Nutrition and Population ; Macroeconomics and Economic Growth ; Markets and Market Access ; Narcotic ; Narcotic drug ; Narcotic drugs ; Organized crime ; Post Conflict Reconstruction ; Social Development ; Violence ; Conflict and Development ; Corruption ; Crime and Society ; Drug ; Drug Trade ; Drug trafficking ; Drugs ; Economic Theory and Research ; Health Monitoring and Evaluation ; Health, Nutrition and Population ; Macroeconomics and Economic Growth ; Markets and Market Access ; Narcotic ; Narcotic drug ; Narcotic drugs ; Organized crime ; Post Conflict Reconstruction ; Social Development ; Violence
    Abstract: This essay reviews many of the less considered consequences of the war on drugs, particularly the consequences for developing countries, and weighs them against the evidence that exists regarding the likely efficacy of current strategies to curb drug use and trade. The most important unintended consequences of drug prohibition are the following. First, the large demand for drugs, particularly in developed countries, generates the possibility of massive profits to potential drug providers. Since they cannot be organized freely and under the protection of the law, they resort to the formation of organized crime groups, using violence and corruption as their means of survival and expansion. In severe cases, the challenge to the state is such that public stability and safety are severely compromised. Second, prohibition and its derived illegal market imply the expropriation of endowments and resources used to produce and trade drugs. In many instances, this entails the transfer of wealth from poor to rich countries and from poor peasants to rich (and ruthless) traders. Third, criminalization can exacerbate the net health effects of drug use. These consequences are so pernicious that they call for a fundamental review of drug policy around the world
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 58
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (13 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Amin, Mohammad Helpful Governments
    Keywords: Debt Markets ; Dictatorship ; Finance and Financial Sector Development ; Good governance ; Governance ; Governance Indicators ; Institutional reform ; Law and Development ; Legal Products ; Legal structure ; Legal system ; Lower house ; National Governance ; Political Institutions ; Poor governance ; Presidency ; Public Sector Corruption and Anticorruption Measures ; Regulatory measures ; Debt Markets ; Dictatorship ; Finance and Financial Sector Development ; Good governance ; Governance ; Governance Indicators ; Institutional reform ; Law and Development ; Legal Products ; Legal structure ; Legal system ; Lower house ; National Governance ; Political Institutions ; Poor governance ; Presidency ; Public Sector Corruption and Anticorruption Measures ; Regulatory measures ; Debt Markets ; Dictatorship ; Finance and Financial Sector Development ; Good governance ; Governance ; Governance Indicators ; Institutional reform ; Law and Development ; Legal Products ; Legal structure ; Legal system ; Lower house ; National Governance ; Political Institutions ; Poor governance ; Presidency ; Public Sector Corruption and Anticorruption Measures ; Regulatory measures
    Abstract: This paper provides an alternative way of testing the theory of legal origins, one based on a firm's perception of how helpful the government is for doing business. The author argues that an approach based on firm perceptions offers a number of advantages over existing studies. Specifically, the analysis demonstrates that heavier regulation in civil law compared with common law countries is not viewed by businesses as an efficient and socially desirable response to disorder. Further, the findings show a strong effect of legal tradition on government helpfulness even after controlling for various institutional measures known to be correlated with the legal tradition of countries. This suggests that there is more to legal tradition than what existing studies have unearthed
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 59
    Language: English
    Pages: Online-Ressource (1 online resource (73 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Rutherford, Thomas Regional Household And Poverty Effects of Russia's Accession To The World Trade Organization
    Keywords: Constant returns to scale ; Debt Markets ; E-Business ; Economic Theory and Research ; Emerging Markets ; Equilibrium ; Exports ; Finance and Financial Sector Development ; Gross domestic product ; Imperfect competition ; Income ; Investment and Investment Climate ; Macroeconomics and Economic Growth ; Open economy ; Private Sector Development ; Productivity ; WTO ; World Trade Organization ; Constant returns to scale ; Debt Markets ; E-Business ; Economic Theory and Research ; Emerging Markets ; Equilibrium ; Exports ; Finance and Financial Sector Development ; Gross domestic product ; Imperfect competition ; Income ; Investment and Investment Climate ; Macroeconomics and Economic Growth ; Open economy ; Private Sector Development ; Productivity ; WTO ; World Trade Organization ; Constant returns to scale ; Debt Markets ; E-Business ; Economic Theory and Research ; Emerging Markets ; Equilibrium ; Exports ; Finance and Financial Sector Development ; Gross domestic product ; Imperfect competition ; Income ; Investment and Investment Climate ; Macroeconomics and Economic Growth ; Open economy ; Private Sector Development ; Productivity ; WTO ; World Trade Organization
    Abstract: This paper develops a seven-region comparative static computable general equilibrium model of Russia to assess the impact of accession to the World Trade Organization on these seven regions (the federal okrugs) of Russia. In order to assess poverty and distributional impacts, the model includes ten households in each of the seven federal okrugs, where household data are taken from the Household Budget Survey of Rosstat. The model allows for foreign direct investment in business services and endogenous productivity effects from additional varieties of business services and goods, which the analysis shows are crucial to the results. National welfare gains are about 4.5 percent of gross domestic product in the model, but in a constant returns to scale model they are only 0.1 percent. All deciles of the population in all seven federal okrugs can be expected to significantly gain from Russian World Trade Organization accession, but due to the capacity of their regions to attract foreign direct investment, households in the Northwest region gain the most, followed by households in the Far East and Volga regions. Households in Siberia and the Urals gain the least. Distribution impacts within regions are rather flat for the first nine deciles; but the richest decile of the population in the three regions that attract a lot of foreign investment gains significantly more than the other nine representative households in those regions
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 60
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (34 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Amin, Mohammad Human Capital And The Changing Structure of The Indian Economy
    DDC: 330
    RVK:
    Keywords: Agriculture ; Development Economics ; Development policy ; E-Business ; Econometric analysis ; Economic Theory and Research ; Economics Research ; GDP ; GDP per capita ; Health, Nutrition and Population ; Human Capital ; Macroeconomics and Economic Growth ; Population Policies ; Poverty Reduction ; Private Sector Development ; Pro-Poor Growth ; Productivity growth ; Transport ; Transport Economics, Policy and Planning ; Value added ; Agriculture ; Development Economics ; Development policy ; E-Business ; Econometric analysis ; Economic Theory and Research ; Economics Research ; GDP ; GDP per capita ; Health, Nutrition and Population ; Human Capital ; Macroeconomics and Economic Growth ; Population Policies ; Poverty Reduction ; Private Sector Development ; Pro-Poor Growth ; Productivity growth ; Transport ; Transport Economics, Policy and Planning ; Value added ; Agriculture ; Development Economics ; Development policy ; E-Business ; Econometric analysis ; Economic Theory and Research ; Economics Research ; GDP ; GDP per capita ; Health, Nutrition and Population ; Human Capital ; Macroeconomics and Economic Growth ; Population Policies ; Poverty Reduction ; Private Sector Development ; Pro-Poor Growth ; Productivity growth ; Transport ; Transport Economics, Policy and Planning ; Value added
    Abstract: Using panel data for the fourteen major states of India over the 1980-2000 period, the authors estimate the effect of human capital endowment on the performance of the state economies. They find that greater availability of skilled workers had a positive and significant impact on output in the service sectors. They do not find any such effect for the manufacturing sectors. The paper shows that the differential effect on services and manufacturing arises because service sectors are more skill intensive
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 61
    Language: English
    Pages: Online-Ressource (1 online resource (60 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: de Brauw, Alan Migrant Labor Markets And The Welfare of Rural Households In The Developing World
    Keywords: Consumption ; Debt Markets ; Economic Theory and Research ; Finance and Financial Sector Development ; Health, Nutrition and Population ; Household income ; Human Development ; Labor Markets ; Labor Policies ; Macroeconomics and Economic Growth ; Migrant ; Migration ; Policy ReseaRch ; Policy ReseaRch WoRking PaPeR ; Population Policies ; Progress ; Public Services ; Social Protections and Labor ; Urban migration ; Consumption ; Debt Markets ; Economic Theory and Research ; Finance and Financial Sector Development ; Health, Nutrition and Population ; Household income ; Human Development ; Labor Markets ; Labor Policies ; Macroeconomics and Economic Growth ; Migrant ; Migration ; Policy ReseaRch ; Policy ReseaRch WoRking PaPeR ; Population Policies ; Progress ; Public Services ; Social Protections and Labor ; Urban migration ; Consumption ; Debt Markets ; Economic Theory and Research ; Finance and Financial Sector Development ; Health, Nutrition and Population ; Household income ; Human Development ; Labor Markets ; Labor Policies ; Macroeconomics and Economic Growth ; Migrant ; Migration ; Policy ReseaRch ; Policy ReseaRch WoRking PaPeR ; Population Policies ; Progress ; Public Services ; Social Protections and Labor ; Urban migration
    Abstract: In this paper, the authors examine the impact of reductions in barriers to migration on the consumption of rural households in China. The authors find that increased migration from rural villages leads to significant increases in consumption per capita, and that this effect is stronger for poorer households within villages. Household income per capita and non-durable consumption per capita both increase with out-migration, and increase more for poorer households. The authors also establish a causal relationship between increased out-migration and investment in housing and durable goods assets, and these effects are also stronger for poorer households. The authors do not find robust evidence, however, to support a connection between increased migration and investment in productive activity. Instead, increased migration is associated with two significant changes for poorer households: increases both in the total labor supplied to productive activities and in the land per capita managed by the household. In examining the effect of migration, we pay considerable attention to developing and examining our identification strategy
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 62
    Language: English
    Pages: Online-Ressource (1 online resource (69 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Anderson, Kym The Challenge of Reducing International Trade And Migration Barriers
    RVK:
    Keywords: Agriculture ; Air pollution ; Economic Theory and Research ; Economic benefits ; Emerging Markets ; Free Trade ; Free Trade ; Government subsidies ; International Economics & Trade ; International Trade ; Law and Development ; Macroeconomics and Economic Growth ; Private Sector Development ; Public Sector Development ; Trade Law ; Trade Policy ; Trade policies ; Trade policy ; WTO ; World Trade Organization ; Agriculture ; Air pollution ; Economic Theory and Research ; Economic benefits ; Emerging Markets ; Free Trade ; Free Trade ; Government subsidies ; International Economics & Trade ; International Trade ; Law and Development ; Macroeconomics and Economic Growth ; Private Sector Development ; Public Sector Development ; Trade Law ; Trade Policy ; Trade policies ; Trade policy ; WTO ; World Trade Organization ; Agriculture ; Air pollution ; Economic Theory and Research ; Economic benefits ; Emerging Markets ; Free Trade ; Free Trade ; Government subsidies ; International Economics & Trade ; International Trade ; Law and Development ; Macroeconomics and Economic Growth ; Private Sector Development ; Public Sector Development ; Trade Law ; Trade Policy ; Trade policies ; Trade policy ; WTO ; World Trade Organization
    Abstract: While barriers to trade in most goods and some services including capital flows have been reduced considerably over the past two decades, many remain. Such policies harm most the economies imposing them, but the worst of the merchandise barriers (in agriculture and textiles) are particularly harmful to the world's poorest people, as are barriers to worker migration across borders. This paper focuses on how costly those anti-poor trade policies are, and examines possible strategies to reduce remaining distortions. Two opportunities in particular are addressed: completing the Doha Development Agenda process at the World Trade Organization (WTO), and freeing up the international movement of workers. A review of the economic benefits and adjustment costs associated with these opportunities provides the foundation to undertake benefit/cost analysis required to rank this set of opportunities against those aimed at addressing the world's other key challenges as part of the Copenhagen Consensus project. The paper concludes with key caveats and suggests that taking up these opportunities could generate huge social benefit/cost ratios that are considerably higher than the direct economic ones quantified in this study, even without factoring in their contribution to alleviating several of the other challenges identified by that project, including malnutrition, disease, poor education and air pollution
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 63
    Language: English
    Pages: Online-Ressource (1 online resource (27 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Breceda, Karla Latin America And The Social Contract
    Keywords: Economic Theory and Research ; Economic performance ; Emerging Markets ; Housing ; Housing subsidies ; Income taxes ; Macroeconomics and Economic Growth ; Poverty Reduction ; Private Sector Development ; Public ; Public Sector Economics and Finance ; Public resources ; Public spending ; Services and Transfers to Poor ; Tax ; Tax revenues ; Taxation ; Taxation and Subsidies ; Economic Theory and Research ; Economic performance ; Emerging Markets ; Housing ; Housing subsidies ; Income taxes ; Macroeconomics and Economic Growth ; Poverty Reduction ; Private Sector Development ; Public ; Public Sector Economics and Finance ; Public resources ; Public spending ; Services and Transfers to Poor ; Tax ; Tax revenues ; Taxation ; Taxation and Subsidies ; Economic Theory and Research ; Economic performance ; Emerging Markets ; Housing ; Housing subsidies ; Income taxes ; Macroeconomics and Economic Growth ; Poverty Reduction ; Private Sector Development ; Public ; Public Sector Economics and Finance ; Public resources ; Public spending ; Services and Transfers to Poor ; Tax ; Tax revenues ; Taxation ; Taxation and Subsidies
    Abstract: This paper presents an incidence analysis of both social spending and taxation for seven Latin American countries, the United Kingdom, and the United States. The analysis shows that Latin American countries are headed de facto toward a minimalist welfare state similar to the one in the United States, rather than toward a stronger, European-like welfare state. Specifically, both in Latin America and in the United States, social spending remains fairly flat across income quintiles. On the taxation side, high income inequality causes the rich to bear most of the taxation burden. This causes a vicious cycle where the rich oppose the expansion of the welfare state (as they bear most of its burden without receiving much back), which in turn maintains long-term inequalities. The recent increased socioeconomic instability in many Latin American countries shows nonetheless a real need for a stronger welfare state, which, if unanswered, may degenerate into short-term and unsustainable policies. The case of Chile suggests that a way out from this apparent dead end can be found, as elites may be willing to raise their contribution to social spending if this can lead to a more stable social contract
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 64
    Language: English
    Pages: Online-Ressource (1 online resource (33 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Docquier, Frederic Is Migration A Good Substitute For Education Subsidies?
    Keywords: Brain drain ; Debt Markets ; Developing countries ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Health, Nutrition and Population ; Human capital ; Immigration ; Impact of migration ; International Migration ; Macroeconomics and Economic Growth ; Migration ; Policy ReseaRch ; Policy ReseaRch WoRking PaPeR ; Population Policies ; Private Sector Development ; Progress ; Skilled workers ; Social Development ; Brain drain ; Debt Markets ; Developing countries ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Health, Nutrition and Population ; Human capital ; Immigration ; Impact of migration ; International Migration ; Macroeconomics and Economic Growth ; Migration ; Policy ReseaRch ; Policy ReseaRch WoRking PaPeR ; Population Policies ; Private Sector Development ; Progress ; Skilled workers ; Social Development ; Brain drain ; Debt Markets ; Developing countries ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Health, Nutrition and Population ; Human capital ; Immigration ; Impact of migration ; International Migration ; Macroeconomics and Economic Growth ; Migration ; Policy ReseaRch ; Policy ReseaRch WoRking PaPeR ; Population Policies ; Private Sector Development ; Progress ; Skilled workers ; Social Development
    Abstract: Assuming a given educational policy, the recent brain drain literature reveals that skilled migration can boost the average level of schooling in developing countries. This paper introduces educational subsidies determined by governments concerned by the number of skilled workers remaining in the country. The theoretical analysis shows that developing countries can benefit from skilled emigration when educational subsidies entail high .fiscal distortions. However when taxes are not too distortionary, it is desirable to impede emigration and subsidize education. The authors investigate the empirical relationship between educational subsidies and migration prospects, obtaining a negative relationship for 105 countries. Based on this result, the analysis revisits the country specific effects of skilled migration upon human capital. The findings show that the endogeneity of public subsidies reduces the number of winners and increases the magnitude of the losses
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 65
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (62 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Mejia, Daniel Cocaine Production And Trafficking
    Keywords: Agriculture ; Alcohol and Substance Abuse ; Anxiety ; Cocaine ; Crack ; Crime ; Crime and Society ; Crops and Crop Management Systems ; Drug consumption ; Economic Theory and Research ; Fatigue ; Headaches ; Health Monitoring and Evaluation ; Health, Nutrition and Population ; Isolation ; Macroeconomics and Economic Growth ; Social Development ; Sodium ; Violence ; Agriculture ; Alcohol and Substance Abuse ; Anxiety ; Cocaine ; Crack ; Crime ; Crime and Society ; Crops and Crop Management Systems ; Drug consumption ; Economic Theory and Research ; Fatigue ; Headaches ; Health Monitoring and Evaluation ; Health, Nutrition and Population ; Isolation ; Macroeconomics and Economic Growth ; Social Development ; Sodium ; Violence ; Agriculture ; Alcohol and Substance Abuse ; Anxiety ; Cocaine ; Crack ; Crime ; Crime and Society ; Crops and Crop Management Systems ; Drug consumption ; Economic Theory and Research ; Fatigue ; Headaches ; Health Monitoring and Evaluation ; Health, Nutrition and Population ; Isolation ; Macroeconomics and Economic Growth ; Social Development ; Sodium ; Violence
    Abstract: The main purpose of this paper is to summarize the information currently available on cocaine production and trafficking. The paper starts by describing the available data on cocaine production and trade, the collection methodologies (if available) used by different sources, the main biases in the data, and the accuracy of different data sources. Next, it states some of the key empirical questions and hypotheses regarding cocaine production and trade and takes a first look at how well the data match these hypotheses. The paper states some of the main puzzles in the cocaine market and studies some of the possible explanations. These puzzles and empirical questions should guide future research on the key determinants of illicit drug production and trafficking. Finally, the paper studies the different policies that producer countries have adopted to fight against cocaine production and the role consumer countries play in the implementation of anti-drug policies
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 66
    Language: English
    Pages: Online-Ressource (1 online resource (40 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Demombynes, Gabriel Connecting The Unobserved Dots
    Keywords: Access and Equity in Basic Education ; Debt Markets ; Earnings Inequality ; Education ; Education for All ; Finance and Financial Sector Development ; Household Survey ; Labor Markets ; Minimum wage ; Primary Education ; Salaried employment ; Salaried workers ; Skilled workers ; Social Protections and Labor ; Union membership ; Wage distribution ; Wage employment ; Wage inequality ; Access and Equity in Basic Education ; Debt Markets ; Earnings Inequality ; Education ; Education for All ; Finance and Financial Sector Development ; Household Survey ; Labor Markets ; Minimum wage ; Primary Education ; Salaried employment ; Salaried workers ; Skilled workers ; Social Protections and Labor ; Union membership ; Wage distribution ; Wage employment ; Wage inequality ; Access and Equity in Basic Education ; Debt Markets ; Earnings Inequality ; Education ; Education for All ; Finance and Financial Sector Development ; Household Survey ; Labor Markets ; Minimum wage ; Primary Education ; Salaried employment ; Salaried workers ; Skilled workers ; Social Protections and Labor ; Union membership ; Wage distribution ; Wage employment ; Wage inequality
    Abstract: There are several possible explanations for the observed changes in inequality, the returns to education, and the gap between the wages of informal and formal salaried workers in Argentina over the period 1980-2002. Largely due to the lack of evidence for competing explanations, skill-biased technical change is the most likely explanation for the increases in the returns to education that occurred in the 1990s. Using a semi-parametric re-weighting variance decomposition technique and data from the Permanent Household Survey, the authors show that during the same period there was an increase in the returns to unobserved skill. This finding lends support to the hypothesis that skill-biased technical change has been a main driver of increases in inequality in Argentina. The pattern of changes suggests that the growth in returns to unobserved skill may have been partly responsible for the relative deterioration of informal salaried wages during the 1990s
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 67
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (32 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Beck, Thorsten Bank Competition And Financial Stability
    Keywords: Access to Finance ; Bank ; Banking ; Banking crises ; Banking sector ; Banking system ; Banks and Banking Reform ; Debt Markets ; Deposit Insurance ; Emerging Markets ; Finance ; Finance and Financial Sector Development ; Financial Intermediation ; Financial institutions ; Financial stability ; Governments ; Labor Policies ; Markets ; Private Sector Development ; Social Protections and Labor ; Access to Finance ; Bank ; Banking ; Banking crises ; Banking sector ; Banking system ; Banks and Banking Reform ; Debt Markets ; Deposit Insurance ; Emerging Markets ; Finance ; Finance and Financial Sector Development ; Financial Intermediation ; Financial institutions ; Financial stability ; Governments ; Labor Policies ; Markets ; Private Sector Development ; Social Protections and Labor ; Access to Finance ; Bank ; Banking ; Banking crises ; Banking sector ; Banking system ; Banks and Banking Reform ; Debt Markets ; Deposit Insurance ; Emerging Markets ; Finance ; Finance and Financial Sector Development ; Financial Intermediation ; Financial institutions ; Financial stability ; Governments ; Labor Policies ; Markets ; Private Sector Development ; Social Protections and Labor
    Abstract: Theory makes ambiguous predictions about the relationship between market structure and competitiveness of the banking system and banking sector stability. Empirical studies focusing on individual countries provide similarly ambiguous results, while cross-country studies point mostly to a positive relationship between competition and stability in the banking system. Where liberalization and unfettered competition have resulted in fragility, this has been mostly the consequence of regulatory and supervisory failures. The advantages of competition for an efficient and inclusive financial system are strong, and regulatory and supervisory policies should focus on an incentive-compatible environment for banking rather than try to fine-tune market structure or the degree of competition
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 68
    Language: English
    Pages: Online-Ressource (1 online resource (55 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Ferreira, Francisco H.G The Measurement of Inequality of Opportunity
    Keywords: Consumption ; Economic Theory and Research ; Economic inequality ; Equity and Development ; Gender ; Gender and ; Gender and Law ; Household income ; Income differences ; Incomes ; Inequality ; Inequality ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Multiple equilibria ; Policy research ; Poverty Impact Evaluation ; Poverty Reduction ; Product ; Public Sector Development ; Public policy ; Rural Development ; Rural Poverty Reduction ; Services and Transfers to Poor ; Trade Policy ; Consumption ; Economic Theory and Research ; Economic inequality ; Equity and Development ; Gender ; Gender and ; Gender and Law ; Household income ; Income differences ; Incomes ; Inequality ; Inequality ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Multiple equilibria ; Policy research ; Poverty Impact Evaluation ; Poverty Reduction ; Product ; Public Sector Development ; Public policy ; Rural Development ; Rural Poverty Reduction ; Services and Transfers to Poor ; Trade Policy ; Consumption ; Economic Theory and Research ; Economic inequality ; Equity and Development ; Gender ; Gender and ; Gender and Law ; Household income ; Income differences ; Incomes ; Inequality ; Inequality ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Multiple equilibria ; Policy research ; Poverty Impact Evaluation ; Poverty Reduction ; Product ; Public Sector Development ; Public policy ; Rural Development ; Rural Poverty Reduction ; Services and Transfers to Poor ; Trade Policy
    Abstract: What part of the inequality observed in a particular country is due to unequal opportunities, rather than to differences in individual efforts or luck? This paper estimates a lower bound for the opportunity share of inequality in labor earnings, household income per capita and household consumption per capita in six Latin American countries. Following John Roemer, the authors associate inequality of opportunity with outcome differences that can be accounted for by morally irrelevant pre-determined circumstances, such as race, gender, place of birth, and family background. Thus defined, unequal opportunities account for between 24 and 50 percent of inequality in consumption expenditure in the sample. Brazil and Central America are more opportunity-unequal than Colombia, Ecuador, or Peru. "Opportunity profiles," which identify the social groups with the most limited opportunity sets, are shown to be distinct from poverty profiles: ethnic origin and the geography of birth are markedly more important as determinants of opportunity deprivation than of outcome poverty, particularly in Brazil, Guatemala, and Peru
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 69
    Language: English
    Pages: Online-Ressource (1 online resource (44 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Estache, Antonio Procurement Efficiency For Infrastructure Development And Financial Needs Reassessed
    Keywords: Costs ; Debt Markets ; E-Business ; Economic Theory and Research ; Em ; Finance and Financial Sector Development ; Infrastructure ; Infrastructure Economics ; Infrastructure Economics and Finance ; Infrastructure development ; Infrastructure investment ; Infrastructure projects ; Investment and Investment Climate ; Investments ; Macroeconomics and Economic Growth ; Private Sector Development ; Public Sector Economics and Finance ; Road ; Roads ; Sanitation ; Transport ; Transport ; Transport Economics, Policy and Planning ; Costs ; Debt Markets ; E-Business ; Economic Theory and Research ; Em ; Finance and Financial Sector Development ; Infrastructure ; Infrastructure Economics ; Infrastructure Economics and Finance ; Infrastructure development ; Infrastructure investment ; Infrastructure projects ; Investment and Investment Climate ; Investments ; Macroeconomics and Economic Growth ; Private Sector Development ; Public Sector Economics and Finance ; Road ; Roads ; Sanitation ; Transport ; Transport ; Transport Economics, Policy and Planning ; Costs ; Debt Markets ; E-Business ; Economic Theory and Research ; Em ; Finance and Financial Sector Development ; Infrastructure ; Infrastructure Economics ; Infrastructure Economics and Finance ; Infrastructure development ; Infrastructure investment ; Infrastructure projects ; Investment and Investment Climate ; Investments ; Macroeconomics and Economic Growth ; Private Sector Development ; Public Sector Economics and Finance ; Road ; Roads ; Sanitation ; Transport ; Transport ; Transport Economics, Policy and Planning
    Abstract: Infrastructure is the engine for economic growth. The international donor community has spent about 70-100 billion U.S. dollars on infrastructure development in developing countries every year. However, it is arguable whether these financial resources are used efficiently, particularly whether the current infrastructure procurement prices are appropriate. Without doubt a key is competition to curb public procurement costs. This paper analyzes procurement data from multi and bilateral official development projects in three infrastructure sectors: roads, electricity, and water and sanitation. The findings show that the competition effect is underutilized. To take full advantage of competition, at least seven bidders are needed in the road and water sectors, while three may be enough in the power sector. The paper also shows that not only competition, but also auction design, especially lot division, is crucial for reducing unit costs of infrastructure. Based on the estimated efficient unit costs, the annual financial needs are estimated at approximately 360 billion U.S. dollars. By promoting competition, the developing world might be able to save at most 8.2 percent of total infrastructure development costs
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 70
    Language: English
    Pages: Online-Ressource (1 online resource (30 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Estache, Antonio Multidimensionality And Renegotiation
    Keywords: Costs ; Debt Markets ; Diesel ; Finance and Financial Sector Development ; Infrastructure ; Infrastructure Economics ; Infrastructure Economics and Finance ; Infrastructure development ; Policies ; Railway ; Railway industry ; Road ; Transparency ; Transport ; Transport ; Transport Economics, Policy and Planning ; Costs ; Debt Markets ; Diesel ; Finance and Financial Sector Development ; Infrastructure ; Infrastructure Economics ; Infrastructure Economics and Finance ; Infrastructure development ; Policies ; Railway ; Railway industry ; Road ; Transparency ; Transport ; Transport ; Transport Economics, Policy and Planning ; Costs ; Debt Markets ; Diesel ; Finance and Financial Sector Development ; Infrastructure ; Infrastructure Economics ; Infrastructure Economics and Finance ; Infrastructure development ; Policies ; Railway ; Railway industry ; Road ; Transparency ; Transport ; Transport ; Transport Economics, Policy and Planning
    Abstract: Multidimensional auctions are a natural and practical solution when auctioneers pursue more than one objective in their public-private-partnership transactions. However, it is difficult to achieve auction efficiency with multiple award criteria. Using auction data from road and railway concessions in Latin America, the probability of renegotiation this paper estimates by a two-stage least squares technique with a binary selection in the first-stage regression. The findings show that auctioneers tend to adopt the multidimensional format when the need for social considerations, such as alleviation of unemployment, is high. This implies that such political considerations could hinder efficiency and transparency in auctions. The analysis also shows that the renegotiation risk in infrastructure concessions increases when multidimensional auctions are used. Rather, good governance, particularly anti-corruption policies, can mitigate the renegotiation problem
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 71
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (52 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Brunner, Gregory Gordon The Market For Retirement Products In Australia
    Keywords: Bankruptcy and Resolution of Financial Distress ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial markets ; Financial savings ; Financial systems ; Home ownership ; International bank ; Investment and Investment Climate ; Labor Policies ; Life insurance ; Life insurance companies ; Macroeconomics and Economic Growth ; Pension ; Pensions and Retirement Systems ; Private Sector Development ; Prudential regulation ; Safety net ; Social Protections and Labor ; Bankruptcy and Resolution of Financial Distress ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial markets ; Financial savings ; Financial systems ; Home ownership ; International bank ; Investment and Investment Climate ; Labor Policies ; Life insurance ; Life insurance companies ; Macroeconomics and Economic Growth ; Pension ; Pensions and Retirement Systems ; Private Sector Development ; Prudential regulation ; Safety net ; Social Protections and Labor ; Bankruptcy and Resolution of Financial Distress ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial markets ; Financial savings ; Financial systems ; Home ownership ; International bank ; Investment and Investment Climate ; Labor Policies ; Life insurance ; Life insurance companies ; Macroeconomics and Economic Growth ; Pension ; Pensions and Retirement Systems ; Private Sector Development ; Prudential regulation ; Safety net ; Social Protections and Labor
    Abstract: Australia introduced a mandatory retirement savings scheme in 1992. This built on pre-existing voluntary occupational plans. The new scheme has been very successful in expanding coverage and mobilizing large financial savings that are equal to close to 100 percent of GDP. However, Australia does not impose restrictions on payout options. The payout phase used to be dominated by lump sum withdrawals, which accounted for 80 percent of benefit payments as recently as 2002. But pension payments increased in recent years and now represent 45 percent of total payments. The vast majority of these pension payments take the form of term annuities and allocated annuities. The latter are similar to phased withdrawals in Chile but run for fixed terms of up to 25 years rather than for lifetime terms. The demand for life annuities and lifetime phased withdrawals is very limited. The paper discusses the factors that have shaped the pattern of demand for retirement products, including the availability of the universal age pension and the effect of clawback provisions, the impact of the high level of home ownership, and the widespread preference of retiring workers for reliance on self-annuitization. The paper also reviews the prudential regulation of superannuation funds and life insurance companies
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 72
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (24 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Pedrosa, Jose How Does Geographic Distance Affect Credit Market Access In Niger?
    Keywords: Access to Finance ; Access to finance ; Bankruptcy and Resolution of Financial Distress ; Credit market ; Credit market access ; Debt Markets ; Finance and Financial Sector Development ; Financial services ; Households ; Interest rates ; Loan ; Loan conditions ; Microfinance ; Microfinance institutions ; Access to Finance ; Access to finance ; Bankruptcy and Resolution of Financial Distress ; Credit market ; Credit market access ; Debt Markets ; Finance and Financial Sector Development ; Financial services ; Households ; Interest rates ; Loan ; Loan conditions ; Microfinance ; Microfinance institutions ; Access to Finance ; Access to finance ; Bankruptcy and Resolution of Financial Distress ; Credit market ; Credit market access ; Debt Markets ; Finance and Financial Sector Development ; Financial services ; Households ; Interest rates ; Loan ; Loan conditions ; Microfinance ; Microfinance institutions
    Abstract: Distances involved in accessing basic services can constitute a major barrier to development. This paper analyzes the relationship between the distance separating households from microfinance institutions' offices in Niger, and the low levels of development and performance of the microfinance sector in the country. To cope with the effects of geographical distance, microfinance institutions adapt their policies through more restrictive loan conditions, higher interest rates, and more intensive screening. The authors to discuss the tension between access and sustainability in the context of financial services for the poor
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 73
    Language: English
    Pages: Online-Ressource (1 online resource (81 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Cakmak, Erol H Macro-Micro Feedback Links of Irrigation Water Management In Turkey
    Keywords: Agricultural production ; Agricultural uses ; Climate change ; Competition for water ; Economic Theory and Research ; Industry ; Macroeconomics and Economic Growth ; Regional Economic Development ; Rural Development ; Sectoral water ; Town Water Supply and Sanitation ; Water C ; Water Resources ; Water Supply and Sanitation ; Water Supply and Sanitation Governance and Institutions ; Water Supply and Systems ; Water and Industry ; Water availability ; Water management ; Water resource ; Water resources ; Water use ; Agricultural production ; Agricultural uses ; Climate change ; Competition for water ; Economic Theory and Research ; Industry ; Macroeconomics and Economic Growth ; Regional Economic Development ; Rural Development ; Sectoral water ; Town Water Supply and Sanitation ; Water C ; Water Resources ; Water Supply and Sanitation ; Water Supply and Sanitation Governance and Institutions ; Water Supply and Systems ; Water and Industry ; Water availability ; Water management ; Water resource ; Water resources ; Water use ; Agricultural production ; Agricultural uses ; Climate change ; Competition for water ; Economic Theory and Research ; Industry ; Macroeconomics and Economic Growth ; Regional Economic Development ; Rural Development ; Sectoral water ; Town Water Supply and Sanitation ; Water C ; Water Resources ; Water Supply and Sanitation ; Water Supply and Sanitation Governance and Institutions ; Water Supply and Systems ; Water and Industry ; Water availability ; Water management ; Water resource ; Water resources ; Water use
    Abstract: Agricultural production is heavily dependent on water availability in Turkey, where half the crop production relies on irrigation. Irrigated agriculture consumes about 75 percent of total water used, which is about 30 percent of renewable water availability. This study analyzes the likely effects of increased competition for water resources and changes in the Turkish economy. The analysis uses an economy-wide Walrasian Computable General Equilibrium model with a detailed account of the agricultural sector. The study investigated the economy-wide effects of two external shocks, namely a permanent increase in the world prices of agricultural commodities and climate change, along with the impact of the domestic reallocation of water between agricultural and non-agricultural uses. It was also recognized that because of spatial heterogeneity of the climate, the simulated scenarios have differential impact on the agricultural production and hence on the allocation of factors of production including water. The greatest effects on major macroeconomic indicators occur in the climate change simulations. As a result of the transfer of water from rural to urban areas, overall production of all crops declines. Although production on rainfed land increases, production on irrigated land declines, most notably the production of maize and fruits. The decrease in agricultural production, coupled with the domestic price increase, is further reflected in net trade. Agricultural imports increase with a greater decline in agricultural exports
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 74
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (49 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Carrere, Celine Fiscal Spending And Economic Performance
    Keywords: Debt Markets ; Economic Conditions and Volatility ; Finance and Financial Sector Development ; Fiscal Adjustment ; Fiscal Deficit ; Fiscal Expenditure ; Fiscal Policy ; Gross Domestic Product ; Growth Rate ; Macroeconomic Environment ; Macroeconomic Stability ; Macroeconomics and Economic Growth ; Poverty Reduction ; Poverty Reduction ; Pro-Poor Growth ; Public Disclosure ; Public Expenditure ; Public Sector Expenditure Analysis and Management ; Debt Markets ; Economic Conditions and Volatility ; Finance and Financial Sector Development ; Fiscal Adjustment ; Fiscal Deficit ; Fiscal Expenditure ; Fiscal Policy ; Gross Domestic Product ; Growth Rate ; Macroeconomic Environment ; Macroeconomic Stability ; Macroeconomics and Economic Growth ; Poverty Reduction ; Poverty Reduction ; Pro-Poor Growth ; Public Disclosure ; Public Expenditure ; Public Sector Expenditure Analysis and Management ; Debt Markets ; Economic Conditions and Volatility ; Finance and Financial Sector Development ; Fiscal Adjustment ; Fiscal Deficit ; Fiscal Expenditure ; Fiscal Policy ; Gross Domestic Product ; Growth Rate ; Macroeconomic Environment ; Macroeconomic Stability ; Macroeconomics and Economic Growth ; Poverty Reduction ; Poverty Reduction ; Pro-Poor Growth ; Public Disclosure ; Public Expenditure ; Public Sector Expenditure Analysis and Management
    Abstract: This paper complements the cross-country approach by examining the correlates of growth acceleration in per capita gross domestic product around "significant" public expenditure episodes by reorganizing the data around turning points, or events. The authors define a growth event as an increase in average per capita growth of at least 2 percentage points sustained for 5 years. A fiscal event is an increase in the annual growth rate of primary fiscal expenditure of approximately 1 percentage point sustained for 5 years and not accompanied by an aggravation of the fiscal deficit beyond 2 percent of gross domestic product. These definitions of events are applied to a database of 140 countries (118 developing countries) for 1972-2005. After controlling for the growth-inducing effects of positive terms-of-trade shocks and of trade liberalization reform, probit estimates indicate that a growth event is more likely to occur in a developing country when surrounded by a fiscal event. Moreover, the probability of occurrence of a growth event in the years following a fiscal event is greater the lower is the associated fiscal deficit, confirming that success of a growth-oriented fiscal expenditure reform hinges on a stabilized macroeconomic environment (through a limited primary fiscal deficit)
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 75
    Language: English
    Pages: Online-Ressource (1 online resource (33 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Melecky, Martin An Alternative Framework For Foreign Exchange Risk Management of Sovereign Debt
    Keywords: Currencies and Exchange Rates ; Currency ; Debt Management ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Exchange Rate ; Finance and Financial Sector Development ; Fiscal and Monetary Policy ; Foreign Debt ; Foreign Exchange ; Foreign Exchange Risk ; Inflation ; Interest Rate ; Macroeconomics and Economic Growth ; Private Sector Development ; Public Sector Development ; Risk Management ; Sovereign Debt ; Currencies and Exchange Rates ; Currency ; Debt Management ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Exchange Rate ; Finance and Financial Sector Development ; Fiscal and Monetary Policy ; Foreign Debt ; Foreign Exchange ; Foreign Exchange Risk ; Inflation ; Interest Rate ; Macroeconomics and Economic Growth ; Private Sector Development ; Public Sector Development ; Risk Management ; Sovereign Debt ; Currencies and Exchange Rates ; Currency ; Debt Management ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Exchange Rate ; Finance and Financial Sector Development ; Fiscal and Monetary Policy ; Foreign Debt ; Foreign Exchange ; Foreign Exchange Risk ; Inflation ; Interest Rate ; Macroeconomics and Economic Growth ; Private Sector Development ; Public Sector Development ; Risk Management ; Sovereign Debt
    Abstract: This paper proposes a measure of synchronization in the movements of relevant domestic and foreign fundamentals for choosing suitable currency for denomination of foreign debt. The selection of explanatory variables for exchange rate volatility is motivated using a New Keynesian Policy model. The model predicts that not only traditional optimal currency area variables, but also variables considered by the literature on currency preferences, such as money velocity, should be relevant for explaining exchange rate volatility. The findings show that measures of inflation synchronization, money velocity synchronization, and interest rate synchronization can be useful indicators for decisions on the currency denomination of foreign debt
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 76
    Language: English
    Pages: Online-Ressource (1 online resource (54 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Anderson, Kym Distortions To Agricultural Incentives In Australia Since World War II
    RVK:
    Keywords: Agriculture ; Banks and Banking Reform ; Economic Theory and Research ; Emerging Markets ; GdP ; GdP Per Capita ; Growth Rate ; Income ; Labor Policies ; Macroeconomics and Economic Growth ; Multilateral Trade ; Per Capita Income ; Private Sector Development ; Rural Development Knowledge and Information Systems ; Social Protections and Labor ; Total Factor Productivity ; Trade Negotiations ; Trade Policy ; Agriculture ; Banks and Banking Reform ; Economic Theory and Research ; Emerging Markets ; GdP ; GdP Per Capita ; Growth Rate ; Income ; Labor Policies ; Macroeconomics and Economic Growth ; Multilateral Trade ; Per Capita Income ; Private Sector Development ; Rural Development Knowledge and Information Systems ; Social Protections and Labor ; Total Factor Productivity ; Trade Negotiations ; Trade Policy ; Agriculture ; Banks and Banking Reform ; Economic Theory and Research ; Emerging Markets ; GdP ; GdP Per Capita ; Growth Rate ; Income ; Labor Policies ; Macroeconomics and Economic Growth ; Multilateral Trade ; Per Capita Income ; Private Sector Development ; Rural Development Knowledge and Information Systems ; Social Protections and Labor ; Total Factor Productivity ; Trade Negotiations ; Trade Policy
    Abstract: Australia's lackluster economic growth performance in the first four decades following World War II was in part due to an anti-trade, anti-primary sector bias in government assistance policies. This paper provides new annual estimates of the extent of those biases since 1946 and their gradual phase-out during the past two decades. In doing so it reveals that the timing of the sector assistance cuts was such as sometimes to improve but sometimes to worsen the distortions to incentives faced by farmers. The changes increased the variation of assistance rates within agriculture during the 1950s and 1960s, reducing the welfare contribution of those programs in that period. Although the assistance pattern within agriculture appears not to have been strongly biased against exporters, its reform has coincided with a substantial increase in the export orientation of many farm industries. The overall pattern for Australia is contrasted with that revealed by comparable new estimates for other high-income countries
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 77
    Language: English
    Pages: Online-Ressource (1 online resource (34 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Amurgo-Pacheco, Alberto Patterns of Export Diversification In Developing Countries
    Keywords: Econometric Analysis ; Economic Structure ; Economic Theory and Research ; Emerging Markets ; Export Growth ; Exports ; Free Trade ; Free Trade ; Future Research ; GDP ; Industrialization ; International Economics & Trade ; International Trade ; Macroeconomics and Economic Growth ; Poverty Reduction ; Private Sector Development ; Pro-Poor Growth ; Public Sector Development ; Trade Policy ; Underestimates ; Econometric Analysis ; Economic Structure ; Economic Theory and Research ; Emerging Markets ; Export Growth ; Exports ; Free Trade ; Free Trade ; Future Research ; GDP ; Industrialization ; International Economics & Trade ; International Trade ; Macroeconomics and Economic Growth ; Poverty Reduction ; Private Sector Development ; Pro-Poor Growth ; Public Sector Development ; Trade Policy ; Underestimates ; Econometric Analysis ; Economic Structure ; Economic Theory and Research ; Emerging Markets ; Export Growth ; Exports ; Free Trade ; Free Trade ; Future Research ; GDP ; Industrialization ; International Economics & Trade ; International Trade ; Macroeconomics and Economic Growth ; Poverty Reduction ; Private Sector Development ; Pro-Poor Growth ; Public Sector Development ; Trade Policy ; Underestimates
    Abstract: This paper uses highly disaggregated trade data to investigate geographic and product diversification patterns across a group of developing nations for the period from 1990 to 2005. The econometric investigation shows that the gravity equation fits the observed differences in diversification across nations. The analysis shows that exports at the intensive margin account for the most important share of overall trade growth. At the extensive margin, geographic diversification is more important than product diversification, especially for developing countries. Taking part in free trade agreements, thereby reducing trade costs, and trading with countries in the North are also found to have positive impacts on export diversification for developing countries
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 78
    Language: English
    Pages: Online-Ressource (1 online resource (46 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Stephanou, Constantinos Bank Financing To Small And Medium-Sized Enterprises (Smes) In Colombia
    Keywords: Access to Finance ; Bank Financing ; Bank Lending ; Bankruptcy and Resolution of Financial Distress ; Banks ; Banks and Banking Reform ; Credit Institutions ; Debt Markets ; Finance Companies ; Finance and Financial Sector Development ; International Bank ; Loan ; Microfinance ; Private Credit ; Public Policy ; Risk Management ; Access to Finance ; Bank Financing ; Bank Lending ; Bankruptcy and Resolution of Financial Distress ; Banks ; Banks and Banking Reform ; Credit Institutions ; Debt Markets ; Finance Companies ; Finance and Financial Sector Development ; International Bank ; Loan ; Microfinance ; Private Credit ; Public Policy ; Risk Management ; Access to Finance ; Bank Financing ; Bank Lending ; Bankruptcy and Resolution of Financial Distress ; Banks ; Banks and Banking Reform ; Credit Institutions ; Debt Markets ; Finance Companies ; Finance and Financial Sector Development ; International Bank ; Loan ; Microfinance ; Private Credit ; Public Policy ; Risk Management
    Abstract: The objective of this paper is to shed light on current trends and policy challenges in the financing of small- and medium-sized enterprises (SMEs) by banks in Colombia. The paper is motivated by the well-documented financing gap for SMEs, whose causes are complex and multi-dimensional. Based on data collection and interviews with the authorities, a representative sample of banks, and other relevant entities, the authors analyze the evolution and characteristics of this market in recent years. Bank financing to SMEs is becoming a strategic segment for Colombian credit institutions. The current business and risk management models for SME lending are still relatively underdeveloped, but greater sophistication is expected as the market matures. Important institutional and policy constraints to SME lending remain, but are not yet binding. In order to address these constraints before they "begin to bite", the authors identify and describe a potential policy reform agenda
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 79
    Language: English
    Pages: Online-Ressource (1 online resource (31 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Goni, Edwin Fiscal Redistribution And Income Inequality In Latin America
    Keywords: Debt Markets ; Economic Theory and Research ; Effective tax rates ; Emerging Markets ; Finance and Financial Sector Development ; Indirect taxation ; Macroeconomics and Economic Growth ; Poverty Impact Evaluation ; Poverty Reduction ; Private Sector Development ; Tax ; Tax collection ; Tax incidence ; Tax rate ; Tax rates ; Tax revenue ; Tax revenues ; Tax system ; Taxation and Subsidies ; Debt Markets ; Economic Theory and Research ; Effective tax rates ; Emerging Markets ; Finance and Financial Sector Development ; Indirect taxation ; Macroeconomics and Economic Growth ; Poverty Impact Evaluation ; Poverty Reduction ; Private Sector Development ; Tax ; Tax collection ; Tax incidence ; Tax rate ; Tax rates ; Tax revenue ; Tax revenues ; Tax system ; Taxation and Subsidies ; Debt Markets ; Economic Theory and Research ; Effective tax rates ; Emerging Markets ; Finance and Financial Sector Development ; Indirect taxation ; Macroeconomics and Economic Growth ; Poverty Impact Evaluation ; Poverty Reduction ; Private Sector Development ; Tax ; Tax collection ; Tax incidence ; Tax rate ; Tax rates ; Tax revenue ; Tax revenues ; Tax system ; Taxation and Subsidies
    Abstract: Income inequality in Latin America ranks among the highest in the world. It can be traced back to the unequal distribution of assets (especially land and education) in the region. But the extent to which asset inequality translates into income inequality depends on the redistributive capacity of the state. This paper documents the performance of Latin American fiscal systems from the perspective of income redistribution using newly-available information on the incidence of taxes and transfers across the region. The findings indicate that: (i) the differences in income inequality before taxes and transfers between Latin America and Western Europe are much more modest than those after taxes and transfers; (ii) the key reason is that, in contrast with industrial countries, in most Latin American countries the fiscal system is of little help in reducing income inequality; and (iii) in countries where fiscal redistribution is significant, it is achieved mostly through transfers rather than taxes. These facts stress the need for fiscal reforms across the region to further the goal of social equity. However, different countries need to place different relative emphasis on raising tax collection, restructuring the tax system, and improving the targeting of expenditures
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 80
    Language: English
    Pages: Online-Ressource (1 online resource (45 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Ventura, Luigi Risk Sharing Opportunities And Macroeconomic Factors In Latin American And Caribbean Countries
    Keywords: Aggregate consumption ; Aggregate income ; Consumption ; Consumption growth ; Currencies and Exchange Rates ; Domestic consumption ; Economic Theory and Research ; Finance and Financial Sector Development ; Financial Intermediation ; Growth rates ; Income growth ; Inequality ; Levels of investments ; Macroeconomics and Economic Growth ; National income ; Poverty Reduction ; Public expenditure ; Trade openness ; Aggregate consumption ; Aggregate income ; Consumption ; Consumption growth ; Currencies and Exchange Rates ; Domestic consumption ; Economic Theory and Research ; Finance and Financial Sector Development ; Financial Intermediation ; Growth rates ; Income growth ; Inequality ; Levels of investments ; Macroeconomics and Economic Growth ; National income ; Poverty Reduction ; Public expenditure ; Trade openness ; Aggregate consumption ; Aggregate income ; Consumption ; Consumption growth ; Currencies and Exchange Rates ; Domestic consumption ; Economic Theory and Research ; Finance and Financial Sector Development ; Financial Intermediation ; Growth rates ; Income growth ; Inequality ; Levels of investments ; Macroeconomics and Economic Growth ; National income ; Poverty Reduction ; Public expenditure ; Trade openness
    Abstract: This paper evaluates the degree of consumption insurance enjoyed by Latin American and Caribbean countries, with respect to various reference areas, by estimating a parameter expressing the sensitivity of a country's consumption growth to a measure of idiosyncratic shocks to income. The paper surveys common econometric implementations of "consumption insurance tests." The author proposes some econometric procedures in order to detect the actual presence of international risk sharing, as well as to assess the relative impact of idiosyncratic versus aggregate shocks. The evidence suggests that Latin American and Caribbean economies have been hit by non-diversifiable income shocks, that idiosyncratic risk is relatively more important than aggregate risk, and that some countries in the region appear to enjoy a certain amount of international risk diversification. The paper also identifies some macroeconomic factors that may be responsible for a higher or lower degree of risk pooling (such as international openness, financial depth, and credit availability). The findings show that the financial development of an economy is a crucial factor in determining the amount of risk sharing opportunities, as well as public expenditure. The preliminary results also suggest that trade openness and shocks to terms of trade play an important role in determining the degree of insurability of such risks
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 81
    Language: English
    Pages: Online-Ressource (1 online resource (38 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Francisco, Manuela Measuring The Performance And Achievement of Social Objectives of Development Finance Institutions
    Keywords: Access to Finance ; Access to financial services ; Banks ; Banks and Banking Reform ; Debt Markets ; Demand for credit ; Development Finance ; Development Finance Institutions ; Development finance institution ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial intermediaries ; Financial sector development ; International Bank ; Macroeconomics and Economic Growth ; Private Sector Development ; Social welfare ; Access to Finance ; Access to financial services ; Banks ; Banks and Banking Reform ; Debt Markets ; Demand for credit ; Development Finance ; Development Finance Institutions ; Development finance institution ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial intermediaries ; Financial sector development ; International Bank ; Macroeconomics and Economic Growth ; Private Sector Development ; Social welfare ; Access to Finance ; Access to financial services ; Banks ; Banks and Banking Reform ; Debt Markets ; Demand for credit ; Development Finance ; Development Finance Institutions ; Development finance institution ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial intermediaries ; Financial sector development ; International Bank ; Macroeconomics and Economic Growth ; Private Sector Development ; Social welfare
    Abstract: This paper develops and tests a proposed methodology that puts forward a new integrated method for evaluating the performance of development finance institutions. This methodology applies assessment criteria that take into account both the social objective that the development finance institution addresses and the subsidies it received in order to achieve such an objective. This methodology is applied to two pilot case studies-Banadesa (Honduras) and Banrural (Guatemala). The authors calculate the previously tested subsidy dependence index, which measures the degree of an institution's subsidy dependence. The paper develops and estimates a new measure-the output index- which indicates the level to which the institution fulfills the social objectives of the state. The analysis integrates the subsidy dependence index and the output index to assess the effectiveness associated with meeting the social objective. The findings suggest that the integration of the two indexes can constitute the basis of a meaningful evaluation framework for the performance of development finance institutions. This new methodology can also be a useful metric for policy makers who are seeking to decide on an optimal allocation of scarce funds for development finance institutions that pursue social goals and for management that seeks improved performance outcomes
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 82
    Language: English
    Pages: Online-Ressource (1 online resource (50 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Adams, Jr., Richard H Remittances, Consumption And Investment In Ghana
    Keywords: Countries of origin ; Debt Markets ; Finance and Financial Sector Development ; Health, Nutrition and Population ; Household income ; Household level ; Impact of migration ; Macroeconomics and Economic Growth ; Migrants ; Policy ReseaRch ; Policy ReseaRch WoRking PaPeR ; Population Policies ; Progress ; Remittance ; Remittances ; Remittances ; Countries of origin ; Debt Markets ; Finance and Financial Sector Development ; Health, Nutrition and Population ; Household income ; Household level ; Impact of migration ; Macroeconomics and Economic Growth ; Migrants ; Policy ReseaRch ; Policy ReseaRch WoRking PaPeR ; Population Policies ; Progress ; Remittance ; Remittances ; Remittances ; Countries of origin ; Debt Markets ; Finance and Financial Sector Development ; Health, Nutrition and Population ; Household income ; Household level ; Impact of migration ; Macroeconomics and Economic Growth ; Migrants ; Policy ReseaRch ; Policy ReseaRch WoRking PaPeR ; Population Policies ; Progress ; Remittance ; Remittances ; Remittances
    Abstract: This paper uses a new, nationally-representative household survey from Ghana to analyze within a rigorous econometric framework how the receipt of internal remittances (from within Ghana) and international remittances (from African or other countries) affects the marginal spending behavior of households on a broad range of consumption and investment goods, including food, education and housing. Contrary to other studies, which find that remittances are spent disproportionately on consumption (food and consumer goods/durables) or investment goods (education and housing), the findings show that households receiving remittances in Ghana do not spend more at the margin on food, education and housing than households with similar income levels and characteristics that do not receive remittances. When the analysis controls for endogeneity and selection bias, the findings show that any differences in the marginal spending behavior between remittance-receiving and non-receiving households are explained completely by the observed and unobserved characteristics of households. Households in Ghana treat remittances just like any other source of income, and there are no changes in marginal spending patterns for households with the receipt of remittance income
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 83
    Language: English
    Pages: Online-Ressource (1 online resource (53 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Raddatz, Claudio Credit Chains And Sectoral Comovement
    Keywords: Access to Finance ; Adverse effect ; Bankruptcy ; Bankruptcy and Resolution of Financial Distress ; Business cycles ; Central Bank ; Debt ; Debt Markets ; Economic Theory and Research ; Finance and Financial Sector Development ; Interest rate ; Investment and Investment Climate ; Liquidity ; Macroeconomics ; Macroeconomics and Economic Growth ; Risk neutral ; Value added ; Access to Finance ; Adverse effect ; Bankruptcy ; Bankruptcy and Resolution of Financial Distress ; Business cycles ; Central Bank ; Debt ; Debt Markets ; Economic Theory and Research ; Finance and Financial Sector Development ; Interest rate ; Investment and Investment Climate ; Liquidity ; Macroeconomics ; Macroeconomics and Economic Growth ; Risk neutral ; Value added ; Access to Finance ; Adverse effect ; Bankruptcy ; Bankruptcy and Resolution of Financial Distress ; Business cycles ; Central Bank ; Debt ; Debt Markets ; Economic Theory and Research ; Finance and Financial Sector Development ; Interest rate ; Investment and Investment Climate ; Liquidity ; Macroeconomics ; Macroeconomics and Economic Growth ; Risk neutral ; Value added
    Abstract: This paper provides evidence of the presence and relevance of a credit-chain amplification mechanism by looking at its implications for the correlation of industries. In particular, it tests the hypothesis that an increase in the use of trade-credit along the input-output chain linking two industries results in an increase in their correlation. The analysis uses detailed data on the correlations and input-output relations of 378 manufacturing industry-pairs across 44 countries with different degrees of use of trade credit. The results provide strong support for this hypothesis and indicate that the mechanism is quantitatively relevant
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 84
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (38 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Thompson, Graeme Risk-Based Supervision of Pension Funds In Australia
    Keywords: Debt Markets ; Emerging Markets ; Finance and Financial Sector Development ; Financial Systems ; Insurance ; Insurance and Risk Mitigation ; International Bank ; Labor Policies ; Non Bank Financial Institutions ; Pension ; Pension Funds ; Pension System ; Pension fund ; Pension systems ; Private Sector Development ; Prudential Regulation ; Risk management ; Social Protections and Labor ; Debt Markets ; Emerging Markets ; Finance and Financial Sector Development ; Financial Systems ; Insurance ; Insurance and Risk Mitigation ; International Bank ; Labor Policies ; Non Bank Financial Institutions ; Pension ; Pension Funds ; Pension System ; Pension fund ; Pension systems ; Private Sector Development ; Prudential Regulation ; Risk management ; Social Protections and Labor ; Debt Markets ; Emerging Markets ; Finance and Financial Sector Development ; Financial Systems ; Insurance ; Insurance and Risk Mitigation ; International Bank ; Labor Policies ; Non Bank Financial Institutions ; Pension ; Pension Funds ; Pension System ; Pension fund ; Pension systems ; Private Sector Development ; Prudential Regulation ; Risk management ; Social Protections and Labor
    Abstract: This paper examines the development of risk-based supervision of pension funds in Australia. The large number of pension funds has meant that since the inception of pension fund supervision in the early 1990's the regulator has sought to identify high risk funds and focus its attention on these funds. However, the regulator developed a more sophisticated risk-rating model, known as PAIRS/SOARS, in 1992 in order to apply a more disciplined and consistent ratings methodology. Four reasons are given for the move towards more sophisticated risk-based supervision: 1) creation of an integrated supervisor which allowed the use of techniques used in banking and insurance to be adopted for pension fund; 2) the need to better use available supervisory resources; 3) several pension fund failures; and 4) concerns about industry weaknesses. Supervisory techniques used particularly in the banking industry, such as universal licensing, 'fit and proper' assessment, and risk management requirements were adopted for the pension sector between 2004 and 2006. The paper provides an outline of the PAIRS/SOARS risk-rating model which was also adopted. It observes that the approach provides an analytical discipline to risk assessment, strengthens the link between risk assessment and supervisory response, and allows better targeting of supervisory resources
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 85
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (38 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Vagliasindi, Maria Governance Arrangements For State Owned Enterprises
    Keywords: Accountability ; Banks and Banking Reform ; Corporate governance ; Debt Markets ; Disclosure ; Finance and Financial Sector Development ; Financial institutions ; Governance ; National Governance ; Private ownership ; Private sector participation ; Public Private Partnerships ; Public Sector Economics and Finance ; Public Sector Expenditure Analysis and Management ; Public sector ; State ownership ; Transparency ; Accountability ; Banks and Banking Reform ; Corporate governance ; Debt Markets ; Disclosure ; Finance and Financial Sector Development ; Financial institutions ; Governance ; National Governance ; Private ownership ; Private sector participation ; Public Private Partnerships ; Public Sector Economics and Finance ; Public Sector Expenditure Analysis and Management ; Public sector ; State ownership ; Transparency ; Accountability ; Banks and Banking Reform ; Corporate governance ; Debt Markets ; Disclosure ; Finance and Financial Sector Development ; Financial institutions ; Governance ; National Governance ; Private ownership ; Private sector participation ; Public Private Partnerships ; Public Sector Economics and Finance ; Public Sector Expenditure Analysis and Management ; Public sector ; State ownership ; Transparency
    Abstract: The aim of this paper is to shed new light on key challenges in governance arrangements for state owned enterprises in infrastructure sectors. The paper provides guidelines on how to classify the fuzzy and sometimes conflicting development goals of infrastructure and the governance arrangements needed to reach such goals. Three policy recommendations emerge. First, some of the structures implied by internationally adopted principles of corporate governance for state owned enterprises favoring a centralized ownership function versus a decentralized or dual structure have not yet been sufficiently "tested" in practice and may not suit all developing countries. Second, general corporate governance guidelines (and policy recommendations) need to be carefully adapted to infrastructure sectors, particularly in the natural monopoly segments. Because the market structure and regulatory arrangements in which state owned enterprises operate matters, governments may want to distinguish the state owned enterprises operating in potentially competitive sectors from the ones under a natural monopoly structure. Competition provides not only formidable benefits, but also unique opportunities for benchmarking, increasing transparency and accountability. Third, governments may want to avoid partial fixes, by tackling both the internal and external governance factors. Focusing only on one of the governance dimensions is unlikely to improve SOE performance in a sustainable way
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 86
    Language: English
    Pages: Online-Ressource (1 online resource (46 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Balistreri, Edward J Modeling Services Liberalization
    Keywords: Dienstleistungshandel ; Handelsliberalisierung ; Kleine offene Volkswirtschaft ; Allgemeines Gleichgewicht ; CGE-Modell ; Kenia ; Air ; Banks and Banking Reform ; Economic Theory and Research ; Elasticities ; Elasticity ; Externalities ; Macroeconomics and Economic Growth ; Rail ; Road ; Transport ; Transport Economics, Policy and Planning ; Transportation ; Transportation costs ; Transportation network ; Transportation services ; Air ; Banks and Banking Reform ; Economic Theory and Research ; Elasticities ; Elasticity ; Externalities ; Macroeconomics and Economic Growth ; Rail ; Road ; Transport ; Transport Economics, Policy and Planning ; Transportation ; Transportation costs ; Transportation network ; Transportation services ; Air ; Banks and Banking Reform ; Economic Theory and Research ; Elasticities ; Elasticity ; Externalities ; Macroeconomics and Economic Growth ; Rail ; Road ; Transport ; Transport Economics, Policy and Planning ; Transportation ; Transportation costs ; Transportation network ; Transportation services
    Abstract: This paper employs a 55 sector small open economy computable general equilibrium model of the Kenyan economy to assess the impact of the liberalization of regulatory barriers against foreign and domestic business service providers in Kenya. The model incorporates productivity effects in both goods and services markets endogenously, through a Dixit-Stiglitz framework. It estimates the ad valorem equivalent of barriers to foreign direct investment based on detailed questionnaires completed by specialists in Kenya. The authors estimate that Kenya will gain about 11 percent of the value of Kenyan consumption in the medium run (or about 10 percent of gross domestic product) from a full reform package that also includes uniform tariffs. The estimated gains increase to 77 percent of consumption in the long-run steady-state model, where the impact on the accumulation of capital from an improvement in the productivity of capital is taken into account. Decomposition exercises reveal that the largest gains to Kenya will derive from liberalization of costly regulatory barriers that are non-discriminatory in their impacts between Kenyan and multinational service providers
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 87
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (35 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Ravallion, Martin Evaluation In The Practice of Development
    Keywords: Beneficiaries ; Counterfactual ; Economic Theory and Research ; Education ; Impact assessment ; Impact evaluation ; Infrastructure projects ; Intervention ; Learning ; Macroeconomics and Economic Growth ; Poverty Monitoring and Analysis ; Poverty Reduction ; Poverty outcomes ; Programs ; Science Education ; Science and Technology Development ; Scientific Research and Science Parks ; Targeting ; Tertiary Education ; Beneficiaries ; Counterfactual ; Economic Theory and Research ; Education ; Impact assessment ; Impact evaluation ; Infrastructure projects ; Intervention ; Learning ; Macroeconomics and Economic Growth ; Poverty Monitoring and Analysis ; Poverty Reduction ; Poverty outcomes ; Programs ; Science Education ; Science and Technology Development ; Scientific Research and Science Parks ; Targeting ; Tertiary Education ; Beneficiaries ; Counterfactual ; Economic Theory and Research ; Education ; Impact assessment ; Impact evaluation ; Infrastructure projects ; Intervention ; Learning ; Macroeconomics and Economic Growth ; Poverty Monitoring and Analysis ; Poverty Reduction ; Poverty outcomes ; Programs ; Science Education ; Science and Technology Development ; Scientific Research and Science Parks ; Targeting ; Tertiary Education
    Abstract: Knowledge about development effectiveness is constrained by two factors. First, the project staff in governments and international agencies who decide how much to invest in research on specific interventions are often not well informed about the returns to rigorous evaluation and (even when they are) cannot be expected to take full account of the external benefits to others from new knowledge. This leads to under-investment in evaluative research. Second, while standard methods of impact evaluation are useful, they often leave many questions about development effectiveness unanswered. The paper proposes ten steps for making evaluations more relevant to the needs of practitioners. It is argued that more attention needs to be given to identifying policy-relevant questions (including the case for intervention); that a broader approach should be taken to the problems of internal validity; and that the problems of external validity (including scaling up) merit more attention
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 88
    Language: English
    Pages: Online-Ressource (1 online resource (35 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Coulibaly, Kalamogo Productivity Growth And Economic Reform
    Keywords: Competitiveness ; Currencies and Exchange Rates ; Debt Markets ; Development assistance ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial sector ; GDP ; Human capital ; Macroeconomics and Economic Growth ; Private Sector Development ; Production function ; Productivity ; Productivity Growth ; Total factor productivity ; Trade reforms ; Competitiveness ; Currencies and Exchange Rates ; Debt Markets ; Development assistance ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial sector ; GDP ; Human capital ; Macroeconomics and Economic Growth ; Private Sector Development ; Production function ; Productivity ; Productivity Growth ; Total factor productivity ; Trade reforms ; Competitiveness ; Currencies and Exchange Rates ; Debt Markets ; Development assistance ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Financial sector ; GDP ; Human capital ; Macroeconomics and Economic Growth ; Private Sector Development ; Production function ; Productivity ; Productivity Growth ; Total factor productivity ; Trade reforms
    Abstract: Trade, financial, and exchange rate reforms are shown to have exerted a positive impact on the growth of total factor productivity in Rwanda during the period 1995-2003. Based on a constant returns-to-scale Cobb-Douglas production function, this paper regresses total factor productivity on indices of trade, financial, and exchange rate reforms. The analysis determines that trade reforms and financial reforms each contributed positively to improvements in total factor productivity. The data also suggest that the allocation of official development assistance to human capital made a significant contribution to productivity. In contrast, the appreciation of the real exchange rate of the late 1980's hindered productivity or the growth of TFP. Taken together, the findings for Rwanda presented in this paper show that the strong growth of the past decade has not just been due to a "bounce back" effect following the genocide. The results support the notion that policies favorable to trade development, a deepening of the financial sector, and formation of human capital have been effective for increasing aggregate productivity of the economy and stimulating growth in Rwanda. For sustained growth, the Rwandan authorities should continue to build on these policies, while also taking care to maintain an appropriate exchange rate
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 89
    Language: English
    Pages: Online-Ressource (1 online resource (50 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Zhao, Longyue Trade Remedies And Non-Market Economies
    Keywords: Bilateral trade ; Capacity building ; Debt Markets ; Development policies ; Dumping ; Economic Implications ; Economic Theory and Research ; Economic efficiency ; Emerging Markets ; Finance and Financial Sector Development ; ITC ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Markets and Market Access ; Private Sector Development ; Trade Law ; Trade policy ; WTO ; World Trade Organization ; Bilateral trade ; Capacity building ; Debt Markets ; Development policies ; Dumping ; Economic Implications ; Economic Theory and Research ; Economic efficiency ; Emerging Markets ; Finance and Financial Sector Development ; ITC ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Markets and Market Access ; Private Sector Development ; Trade Law ; Trade policy ; WTO ; World Trade Organization ; Bilateral trade ; Capacity building ; Debt Markets ; Development policies ; Dumping ; Economic Implications ; Economic Theory and Research ; Economic efficiency ; Emerging Markets ; Finance and Financial Sector Development ; ITC ; International Economics & Trade ; Law and Development ; Macroeconomics and Economic Growth ; Markets and Market Access ; Private Sector Development ; Trade Law ; Trade policy ; WTO ; World Trade Organization
    Abstract: In 2007, the United States Department of Commerce altered a 23-year old policy of not applying the countervailing duty law to non-market economies, and initiated eight countervailing and antidumping duty investigations on Chinese imports. The change brings heated debate on trade remedy policies and issues of non-market economies. This study focuses on the first countervailing duty case on imported coated free sheet paper from China and analyzes the implications of this test case for United States-China bilateral trade, and industrial policies in transitioning market economies. The paper also provides a brief review of the economics of subsidies, World Trade Organization rules on subsides and countervailing measures, and United States countervailing duty laws applied to non-market economies. While recently acceded countries should review their domestic development policies from the perspective of economic efficiency and comply with the World Trade Organization rules, it is also important to further clarify the issues of non-market economies under the multilateral trading system, and pay keen attention to the rules negotiations in the current World Trade Organization Doha Development Round
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 90
    Language: English
    Pages: Online-Ressource (1 online resource (31 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Timilsina, Govinda R A General Equilibrium Analysis of Demand Side Management Programs Under The Clean Development Mechanism of The Kyoto Protocol
    Keywords: Clean energy ; Climate Change ; Climate change ; Cost of electricity ; Economic Theory and Research ; Electric utilities ; Electricity savings ; Emission ; Energy ; Energy Production and Transportation ; Energy and Environment ; Energy conservation ; Energy prices ; Environment ; Environment and Energy Efficiency ; Environmental consequences ; Macroeconomics and Economic Growth ; Price of electricity ; Clean energy ; Climate Change ; Climate change ; Cost of electricity ; Economic Theory and Research ; Electric utilities ; Electricity savings ; Emission ; Energy ; Energy Production and Transportation ; Energy and Environment ; Energy conservation ; Energy prices ; Environment ; Environment and Energy Efficiency ; Environmental consequences ; Macroeconomics and Economic Growth ; Price of electricity ; Clean energy ; Climate Change ; Climate change ; Cost of electricity ; Economic Theory and Research ; Electric utilities ; Electricity savings ; Emission ; Energy ; Energy Production and Transportation ; Energy and Environment ; Energy conservation ; Energy prices ; Environment ; Environment and Energy Efficiency ; Environmental consequences ; Macroeconomics and Economic Growth ; Price of electricity
    Abstract: This paper analyzes the economic and environmental consequences of a potential demand side management program in Thailand using a general equilibrium model. The program considers replacement of less efficient electrical appliances in the household sector with more efficient counterparts. The study further examines changes in the economic and environmental effects of the program if it is implemented under the clean development mechanism of the Kyoto Protocol, which provides carbon subsidies to the program. The study finds that the demand side management program would increase economic welfare if the ratio of unit cost of electricity savings to price of electricity is 0.4 or lower even in the absence of the clean development mechanism. If the program's ratio of unit cost of electricity savings to price of electricity is greater than 0.4, registration of the program under the clean development mechanism would be needed to achieve positive welfare impacts. The level of welfare impacts would, however, depend on the price of carbon credits the program generates. For a given level of welfare impacts, the registration of the demand side management program under the clean development mechanism would increase the volume of emission reductions
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 91
    Language: English
    Pages: Online-Ressource (1 online resource (39 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Ivaschenko, Oleksiy The Dynamics of Ownership of Durable Goods In Bulgaria
    Keywords: Assets ; Currencies and Exchange Rates ; Debt Markets ; Durable Goods ; Economic Theory and Research ; Economic growth ; Finance and Financial Sector Development ; Growth rate ; Income measures ; Macroeconomic policies ; Macroeconomics and Economic Growth ; National economy ; Per capita income ; Real GDP ; Wealth ; Assets ; Currencies and Exchange Rates ; Debt Markets ; Durable Goods ; Economic Theory and Research ; Economic growth ; Finance and Financial Sector Development ; Growth rate ; Income measures ; Macroeconomic policies ; Macroeconomics and Economic Growth ; National economy ; Per capita income ; Real GDP ; Wealth ; Assets ; Currencies and Exchange Rates ; Debt Markets ; Durable Goods ; Economic Theory and Research ; Economic growth ; Finance and Financial Sector Development ; Growth rate ; Income measures ; Macroeconomic policies ; Macroeconomics and Economic Growth ; National economy ; Per capita income ; Real GDP ; Wealth
    Abstract: The paper uses repeated cross-sections of Bulgaria's household survey data (1995, 1997, 2001, and 2003) and a comparable list of durable goods to investigate the dynamics and distribution of durable goods over time, including during the economic crisis of 1996-1997 and the subsequent period of relatively robust economic growth leading up to European Union membership. It examines the dynamics of the ownership of durable goods by wealth classes, geographic locations, and various ethnic groups, including the Roma. In the aggregate, there was convergence between the poorest and the richest classes in the ownership of durable goods between 1995 and 2003, with the poorest class making a significant gain between 2001 and 2003 after having lost some ground between 1995 and 2001. There was also convergence in the ownership of durable goods between urban and rural residents. However, there appear to be some diverging tendencies between Bulgarians and the minority ethnic groups, particularly in the ownership of relatively more expensive goods such as personal computers and cars
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 92
    Language: English
    Pages: Online-Ressource (1 online resource (51 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Loening, Josef Nonfarm Microenterprise Performance And The Investment Climate
    Keywords: Access to Finance ; Agricultural sector ; Capital stock ; Community survey ; Debt Markets ; Economic Development ; Economic Theory and Research ; Finance and Financial Sector Development ; Financial support ; Households ; International Bank ; Job opportunities ; Labor Markets ; Labor market ; Macroeconomics and Economic Growth ; Microfinance ; Access to Finance ; Agricultural sector ; Capital stock ; Community survey ; Debt Markets ; Economic Development ; Economic Theory and Research ; Finance and Financial Sector Development ; Financial support ; Households ; International Bank ; Job opportunities ; Labor Markets ; Labor market ; Macroeconomics and Economic Growth ; Microfinance ; Access to Finance ; Agricultural sector ; Capital stock ; Community survey ; Debt Markets ; Economic Development ; Economic Theory and Research ; Finance and Financial Sector Development ; Financial support ; Households ; International Bank ; Job opportunities ; Labor Markets ; Labor market ; Macroeconomics and Economic Growth ; Microfinance
    Abstract: This paper uses uniquely matched household, enterprise and community survey data from four major regions in rural Ethiopia to characterize the performance, constraints and opportunities of nonfarm enterprises. The nonfarm enterprise sector is sizeable, particularly important for women, and plays an important role during the low season for agriculture, when alternative job opportunities are limited. Returns to nonfarm enterprise employment are low on average and especially so for female-headed enterprises. Women nevertheless have much higher participation rates than men, which attest to their marginalized position in the labor market. Most enterprises are very small and rely almost exclusively on household members to provide the required labor inputs. Few firms add to their capital stock or increase their labor inputs after startup. Local fluctuations in predicted crop performance affect the performance of nonfarm enterprises, because of the predominant role played by the agricultural sector. Enterprise performance is also affected by the localized nature of sales and limited market integration for nonfarm enterprises. The policy implications of these and other findings are discussed
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 93
    Language: English
    Pages: Online-Ressource (1 online resource (32 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Vagliasindi, Maria The Effectiveness of Boards of Directors of State Owned Enterprises In Developing Countries
    Keywords: Board member ; Boards of Directors ; Corporate Law ; Corporate governance ; Debt Markets ; Emerging Markets ; Finance and Financial Sector Development ; Financial performance ; Firm performance ; Governance ; Governance arrangements ; Independent directors ; Law and Development ; Little attention ; Microfinance ; National Governance ; Private Partnerships ; Private Sector Development ; Private enterprises ; Board member ; Boards of Directors ; Corporate Law ; Corporate governance ; Debt Markets ; Emerging Markets ; Finance and Financial Sector Development ; Financial performance ; Firm performance ; Governance ; Governance arrangements ; Independent directors ; Law and Development ; Little attention ; Microfinance ; National Governance ; Private Partnerships ; Private Sector Development ; Private enterprises ; Board member ; Boards of Directors ; Corporate Law ; Corporate governance ; Debt Markets ; Emerging Markets ; Finance and Financial Sector Development ; Financial performance ; Firm performance ; Governance ; Governance arrangements ; Independent directors ; Law and Development ; Little attention ; Microfinance ; National Governance ; Private Partnerships ; Private Sector Development ; Private enterprises
    Abstract: This paper aims to shed some new light on the conditions needed to ensure the effectiveness of Boards of Directors of state owned enterprises with a focus on infrastructure sectors. In the case of developing countries, empirical studies have found evidence of positive links between the composition of the Board of Directors and financial performance. Yet the lack of solid theoretical foundations, and in some cases poor data availability, makes the conclusions of most studies weak. Several policy recommendations emerge from the review of the economic literature and evidence from case studies. First, the introduction of a sufficient number of independent directors emerges as an important corporate governance milestone. Empowering them to exercise effective monitoring of management, however, may prove to be a formidable challenge for of state owned enterprises. More attention to board procedures, particularly related to the Board selection and evaluation process, is essential, to produce the necessary insulation of Boards from government interference. Ensuring sufficient continuity of services to directors is particularly crucial to improve corporate governance. In addition, other factors that may reduce directors' ability to monitor corporate activities, such as the age profile and the number of Boards on which they sit, need to be handled more carefully
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 94
    Language: English
    Pages: Online-Ressource (1 online resource (34 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: H. Adams, Jr., Richard The Demographic, Economic And Financial Determinants of International Remittances In Developing Countries
    Keywords: Debt Markets ; Developing Countries ; Finance and Financial Sector Development ; Health, Nutrition and Population ; Level of poverty ; Macroeconomics and Economic Growth ; Migrant ; Migrants ; Migration ; Policy ReseaRch ; Policy ReseaRch WoRking PaPeR ; Population Policies ; Progress ; Remittance ; Remittances ; Remittances ; Debt Markets ; Developing Countries ; Finance and Financial Sector Development ; Health, Nutrition and Population ; Level of poverty ; Macroeconomics and Economic Growth ; Migrant ; Migrants ; Migration ; Policy ReseaRch ; Policy ReseaRch WoRking PaPeR ; Population Policies ; Progress ; Remittance ; Remittances ; Remittances ; Debt Markets ; Developing Countries ; Finance and Financial Sector Development ; Health, Nutrition and Population ; Level of poverty ; Macroeconomics and Economic Growth ; Migrant ; Migrants ; Migration ; Policy ReseaRch ; Policy ReseaRch WoRking PaPeR ; Population Policies ; Progress ; Remittance ; Remittances ; Remittances
    Abstract: What causes developing countries to receive different levels of international remittances? This paper addresses this question by using new data on such variables as the skill composition of migrants, poverty, and interest and exchange rates to examine the determinants of remittances. The paper finds that the skill composition of migrants does matter in remittance determination. Countries which export a larger share of high-skilled (educated) migrants receive less per capita remittances than countries which export a larger proportion of low-skilled migrants. It also finds that the level of poverty in a labor-sending country does not have a positive impact on the level of remittances received
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 95
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (72 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Essama-Nssah, B Assessing The Redistributive Effect of Fiscal Policy
    Keywords: Debt Markets ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Macroeconomics and Economic Growth ; Personal income tax ; Private Sector Development ; Progressive tax ; Public Sector Economics and Finance ; Tax ; Tax Shifting ; Tax incidence ; Tax liability ; Tax policy ; Tax system ; Taxation ; Taxation and Subsidies ; Taxpayers ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Macroeconomics and Economic Growth ; Personal income tax ; Private Sector Development ; Progressive tax ; Public Sector Economics and Finance ; Tax ; Tax Shifting ; Tax incidence ; Tax liability ; Tax policy ; Tax system ; Taxation ; Taxation and Subsidies ; Taxpayers ; Debt Markets ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Macroeconomics and Economic Growth ; Personal income tax ; Private Sector Development ; Progressive tax ; Public Sector Economics and Finance ; Tax ; Tax Shifting ; Tax incidence ; Tax liability ; Tax policy ; Tax system ; Taxation ; Taxation and Subsidies ; Taxpayers
    Abstract: Who benefits from public spending? Who bears the burden of taxation? How desirable is the distribution of net benefits from the operation of a tax-benefit system? This paper surveys basic concepts, methods, and modeling approaches commonly used to address these issues in the context of fiscal incidence analysis. The review covers the incidence of both taxation and public spending. Methodological points are supported by country cases. The effective distribution of benefits and burdens associated with fiscal policy depends on the size of the government, the distributive mechanisms involved, and the incentives properties of the policy under consideration. This creates a need for analytical methods to account for both individual behavior and social interaction. The approaches reviewed include simple reduced form regression analysis, microsimulation models (both the envelope and discrete choice models), computable general equilibrium modeling, and approaches that link computable general equilibrium models to microsimulation models. Explicit modeling facilitates the construction of counterfactuals to back up causal analysis. Social desirability is assessed on the basis of progressivity along with deadweight loss
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 96
    Language: English
    Pages: Online-Ressource (1 online resource (37 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Toto Same, Achille Mineral-Rich Countries And Dutch Disease
    Keywords: Access to Finance ; Banks and Banking Reform ; Currencies and Exchange Rates ; Currency ; Debt Markets ; Deposits ; Economic Developments ; Economic Theory and Research ; Economic development ; Finance and Financial Sector Development ; Fiscal policy ; Gross domestic product ; International Bank ; Macroeconomics and Economic Growth ; Oil boom ; Public finance ; Transparency ; Access to Finance ; Banks and Banking Reform ; Currencies and Exchange Rates ; Currency ; Debt Markets ; Deposits ; Economic Developments ; Economic Theory and Research ; Economic development ; Finance and Financial Sector Development ; Fiscal policy ; Gross domestic product ; International Bank ; Macroeconomics and Economic Growth ; Oil boom ; Public finance ; Transparency ; Access to Finance ; Banks and Banking Reform ; Currencies and Exchange Rates ; Currency ; Debt Markets ; Deposits ; Economic Developments ; Economic Theory and Research ; Economic development ; Finance and Financial Sector Development ; Fiscal policy ; Gross domestic product ; International Bank ; Macroeconomics and Economic Growth ; Oil boom ; Public finance ; Transparency
    Abstract: Referring to the original context of Dutch Disease, the term refers to the fears of de-industrialization that gripped the Netherlands as a result of the appreciation of the Dutch currency that followed the discovery of natural gas deposits. Expansion of petroleum exports in the 1960s not only crowded out other exports, it actually reduced other exports disproportionately and fueled the fears of dire consequences for Dutch manufacturing. In the case of Equatorial Guinea, the secondary sector represents about 2 percent of the gross domestic product, manufacturing represents less than 1 percent, and oil represents more than 95 percent. The negative impact of the Dutch Disease in this context would be limited given the structure of the economy and on the contrary may even be a good thing because it fuels the structural transformational process of the economy, which is needed in Equatorial Guinea. This paper argues that the ongoing Dutch Disease is a natural and necessary reallocation of resources in the economy of Equatorial Guinea. The magnitude of negative macroeconomic consequences of the Dutch Disease depends on the country's economic structure and stage of development. In a country where the manufacturing sector barely exists or where the non-oil primary sector is structurally deficient, as has been the case of Equatorial Guinea, there is little to fear about the disease. The oil boom is a blessing, given that oil revenues when properly managed can play a special and critical role in overall economic development and poverty reduction in low-income countries. To promote good governance in the management of the country's oil wealth, the government may wish to adhere to clear standards of accountability and transparency; especially by complying with the Extractive Industries Transparency Initiative (EITI++)
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 97
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (63 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Filmer, Deon Assessing Asset Indices
    Keywords: Privater Konsum ; Affiliated organizations ; Assets ; Debt Markets ; Durable goods ; Economic Theory and Research ; Expenditures ; Finance and Financial Sector Development ; Health Systems Development and Reform ; Health, Nutrition and Population ; Human Development ; Income ; Investment and Investment Climate ; Labor market ; Macroeconomics and Economic Growth ; Population Policies ; Public Disclosure ; Statements ; Yield ; Affiliated organizations ; Assets ; Debt Markets ; Durable goods ; Economic Theory and Research ; Expenditures ; Finance and Financial Sector Development ; Health Systems Development and Reform ; Health, Nutrition and Population ; Human Development ; Income ; Investment and Investment Climate ; Labor market ; Macroeconomics and Economic Growth ; Population Policies ; Public Disclosure ; Statements ; Yield ; Affiliated organizations ; Assets ; Debt Markets ; Durable goods ; Economic Theory and Research ; Expenditures ; Finance and Financial Sector Development ; Health Systems Development and Reform ; Health, Nutrition and Population ; Human Development ; Income ; Investment and Investment Climate ; Labor market ; Macroeconomics and Economic Growth ; Population Policies ; Public Disclosure ; Statements ; Yield
    Abstract: This paper compares how results using various methods to construct asset indices match results using per capita expenditures. The analysis shows that inferences about inequalities in education, health care use, fertility, child mortality, as well as labor market outcomes are quite robust to the specific economic status measure used. The measures-most significantly per capita expenditures versus the class of asset indices-do not, however, yield identical household rankings. Two factors stand out in predicting the degree of congruence in rankings between per capita expenditures and an asset index. First is the extent to which per capita expenditures can be explained by observed household and community characteristics. In settings with small transitory shocks to expenditure, or with little measurement error in expenditure, the rankings yielded by the alternative approaches are most similar. Second is the extent to which expenditures are dominated by individually consumed goods such as food. Asset indices are typically derived from indicators of goods which are effectively public at the household level, while expenditures are often dominated by food, an almost exclusively private good. In settings where private goods such as food are the main component of expenditures, asset indices and per capita consumption yield the least similar results, although adjusting for economies of scale in household expenditures reconciles the results somewhat
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 98
    Language: English
    Pages: Online-Ressource (1 online resource (37 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Ratha, Dilip Beyond Aid
    Keywords: Access to Finance ; Access to capital ; Banks and Banking Reform ; Bonds ; Credit enhancement ; Creditworthiness ; Debt ; Debt Markets ; Debt relief ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Immunization ; Macroeconomics and Economic Growth ; Market access ; Private Sector Development ; Remittances ; Sovereign rating ; Access to Finance ; Access to capital ; Banks and Banking Reform ; Bonds ; Credit enhancement ; Creditworthiness ; Debt ; Debt Markets ; Debt relief ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Immunization ; Macroeconomics and Economic Growth ; Market access ; Private Sector Development ; Remittances ; Sovereign rating ; Access to Finance ; Access to capital ; Banks and Banking Reform ; Bonds ; Credit enhancement ; Creditworthiness ; Debt ; Debt Markets ; Debt relief ; Economic Theory and Research ; Emerging Markets ; Finance and Financial Sector Development ; Immunization ; Macroeconomics and Economic Growth ; Market access ; Private Sector Development ; Remittances ; Sovereign rating
    Abstract: Given Sub-Saharan Africa's enormous resource needs for growth, poverty reduction, and other Millennium Development Goals, the development community has little choice but to continue to explore new sources of financing, innovative private-to-private sector solutions, and public-private partnerships to mobilize additional international financing. The paper suggests several new instruments for improving access to capital. An analysis of country creditworthiness suggests that many countries in the region may be more creditworthy than previously believed. Establishing sovereign rating benchmarks and credit enhancement through guarantee instruments provided by multilateral aid agencies would facilitate market access. Creative financial structuring, such as the International Financing Facility for Immunization, would help front-load aid commitments, although these may not result in additional financing in the long run. Preliminary estimates suggest that Sub-Saharan African countries can potentially raise USD 1-3 billion by reducing the cost of international migrant remittances, USD 5-10 billion by issuing diaspora bonds, and USD 17 billion by securitizing future remittances and other future receivables. African countries that have recently received debt relief however need to be cautious when resorting to market-based borrowing
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 99
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (45 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Beck, Thorsten The Econometrics of Finance And Growth
    Keywords: Access to Finance ; Debt Markets ; Economic Theory and Research ; Economic development ; Economic growth ; External finance ; Finance and Financial Sector Development ; Financial development ; Financial institutions ; Financial sector development ; Information asymmetries ; International Bank ; Macroeconomics and Economic Growth ; Payment services ; Poverty Reduction ; Pro-Poor Growth ; Science and Technology Development ; Statistical and Mathematical Sciences ; Transaction costs ; Access to Finance ; Debt Markets ; Economic Theory and Research ; Economic development ; Economic growth ; External finance ; Finance and Financial Sector Development ; Financial development ; Financial institutions ; Financial sector development ; Information asymmetries ; International Bank ; Macroeconomics and Economic Growth ; Payment services ; Poverty Reduction ; Pro-Poor Growth ; Science and Technology Development ; Statistical and Mathematical Sciences ; Transaction costs ; Access to Finance ; Debt Markets ; Economic Theory and Research ; Economic development ; Economic growth ; External finance ; Finance and Financial Sector Development ; Financial development ; Financial institutions ; Financial sector development ; Information asymmetries ; International Bank ; Macroeconomics and Economic Growth ; Payment services ; Poverty Reduction ; Pro-Poor Growth ; Science and Technology Development ; Statistical and Mathematical Sciences ; Transaction costs
    Abstract: This paper reviews different econometric methodologies to assess the relationship between financial development and growth. It illustrates the identification problem, which is at the center of the finance and growth literature, using the example of a simple Ordinary Least Squares estimation. It discusses cross-sectional and panel instrumental variable approaches to overcome the identification problem. It presents the time-series approach, which focuses on the forecast capacity of financial development for future growth rates, and differences-in-differences techniques that try to overcome the identification problem by assessing the differential effect of financial sector development across states with different policies or across industries with different needs for external finance. Finally, it discusses firm-level and household approaches that allow analysts to dig deeper into the channels and mechanisms through which financial development enhances growth and welfare, but pose their own methodological challenges
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
  • 100
    Language: English
    Pages: Online-Ressource (1 online resource (45 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Anderson, Kym Measuring Distortions To Agricultural Incentives, Revisited
    Keywords: Agribusiness ; Agricultural Incentives ; Agricultural markets ; Agricultural policy ; Agriculture ; Agriculture ; Currencies and Exchange Rates ; Economic Theory and Research ; Emerging Markets ; Export ; Farm ; Farm products ; Farmers ; Finance and Financial Sector Development ; Import tariffs ; Macroeconomics and Economic Growth ; Markets and Market Access ; Private Sector Development ; Quantitative restrictions ; Agribusiness ; Agricultural Incentives ; Agricultural markets ; Agricultural policy ; Agriculture ; Agriculture ; Currencies and Exchange Rates ; Economic Theory and Research ; Emerging Markets ; Export ; Farm ; Farm products ; Farmers ; Finance and Financial Sector Development ; Import tariffs ; Macroeconomics and Economic Growth ; Markets and Market Access ; Private Sector Development ; Quantitative restrictions ; Agribusiness ; Agricultural Incentives ; Agricultural markets ; Agricultural policy ; Agriculture ; Agriculture ; Currencies and Exchange Rates ; Economic Theory and Research ; Emerging Markets ; Export ; Farm ; Farm products ; Farmers ; Finance and Financial Sector Development ; Import tariffs ; Macroeconomics and Economic Growth ; Markets and Market Access ; Private Sector Development ; Quantitative restrictions
    Abstract: Notwithstanding the tariffication component of the Uruguay Round Agreement on Agriculture, import tariffs on farm products continue to provide an incomplete indication of the extent to which agricultural producer and consumer incentives are distorted in national markets. Especially in developing countries, non-agricultural policies indirectly impact agricultural and food markets. Empirical analysis aimed at monitoring distortions to agricultural incentives thus need to examine both agricultural and non-agricultural policy measures including import or export taxes, subsidies and quantitative restrictions, plus domestic taxes or subsidies on farm outputs or inputs and consumer subsidies for food staples. This paper addresses the practical methodological issues that need to be faced when attempting to undertake such a measurement task in developing countries. The approach is illustrated in two ways: by presenting estimates of nominal and relative rates of assistance to farmers in China for the period 1981 to 2005; and by summarizing estimates from an economy-wide computable general equilibrium model of the effects on agricultural versus non-agricultural markets of the project's measured distortions globally as of 2004
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
    BibTip Others were also interested in ...
Close ⊗
This website uses cookies and the analysis tool Matomo. More information can be found here...