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  • 1
    Sprache: Englisch
    Seiten: Online-Ressource (41 S.) , graph. Darst.
    Serie: OECD regional development working papers 2014/09
    Schlagwort(e): 1989 - 2012 ; Systemtransformation ; Wirtschaftliche Anpassung ; Wirtschaftswachstum ; Politische Reform ; Wirtschaftsindikator ; Panel ; Transformationsstaaten ; Kasachstan ; Governance ; Urban, Rural and Regional Development ; Kazakhstan ; Arbeitspapier ; Graue Literatur
    Kurzfassung: Policy complementarities have often been overlooked in transition economies, leading to the exclusion or partial adoption of reforms. This paper examines the key determinants of successful transition strategies, and concludes that an approach exploiting complementary relationships and interactions between policies is most likely to result in a welfare improvement. Based on nine policy areas from the European Bank for Reconstruction and Development (EBRD) Transition Indicators database, composite indicators measuring reform implementation and complementarity are constructed. Panel data estimates for 30 countries over the period 1989 to 2012 demonstrate a positive association between improvements in reform complementarity and economic growth. Moreover, the effects are found to persist over time for up to two years after the initial policy change, and are robust to the inclusion of a wide range of control variables. Applying these findings to the case of Kazakhstan illustrates that comprehensive reforms to a targeted group of complementary policies generate sustained increases in output growth, whereas a partial reform strategy results in a loss of welfare.
    Anmerkung: Systemvoraussetzungen: Acrobat Reader.
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  • 2
    Sprache: Englisch
    Seiten: Online-Ressource (37 p)
    Ausgabe: 2014 World Bank eLibrary
    Paralleltitel: Adams-Kane, Jonathon Institutional Quality Mediates the Effect of Human Capital on Economic Performance
    Schlagwort(e): Institutionelle Infrastruktur ; Humankapital ; Bildungsertrag ; Einkommen ; Panel ; Momentenmethode
    Kurzfassung: This paper considers the relationship between institutional quality, educational outcomes, and economic performance. More specifically, it seeks to establish the linkages by which government effectiveness affects per capita income, via its mediating effect on human capital formation. The empirical approach adopts a two-stage strategy that estimates national-level educational production functions that include government effectiveness as a covariate, and then uses these estimates as instruments for human capital in cross-country regressions of per capita income. The results identify a significant and positive effect of human capital on per capita income levels, and partially resolves the inconsistency between macro- and micro-level studies of the effect of human capital on income. The results also remain robust to alternative specifications, extension to a panel setting, subsamples of the data, and fully endogenous institutions
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 3
    Sprache: Englisch
    Seiten: Online-Ressource (52 p)
    Ausgabe: 2014 World Bank eLibrary
    Paralleltitel: Dang, Hai-Anh H Welfare Dynamics Measurement
    Schlagwort(e): 2004 - 2009 ; Armut ; Soziale Mobilität ; Mittelschicht ; Panel ; USA ; Indien ; Vietnam
    Kurzfassung: Little research currently exists on a vulnerability line that distinguishes the poor population from the population that is not poor but that still faces significant risk of falling back into poverty. This paper attempts to fill this gap by proposing vulnerability lines that can be straightforwardly estimated with panel or cross-sectional household survey data, in rich- and poor-country settings. These vulnerability lines offer a means to broaden traditional poverty analysis and can also assist with the identification of the middle class or resilient population groups. Empirical illustrations are provided using panel data from the United States (Panel Study of Income Dynamics) and Vietnam (Vietnam Household Living Standards Survey) for the period 2004-2008 and cross-sectional data from India (National Sample Survey) for the period 2004-2009. The estimation results indicate that in Vietnam and India during this time period, the population living in poverty and the middle class have been falling and expanding, respectively, while the opposite has been occurring in the United States
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 4
    Sprache: Englisch
    Seiten: Online-Ressource (56 p)
    Ausgabe: 2014 World Bank eLibrary
    Paralleltitel: Dang, Hai-Anh H Who Remained in Poverty, Who Moved up, and Who Fell Down?
    Schlagwort(e): 2005 - 2011 ; Armut ; Soziale Mobilität ; Panel ; Senegal
    Kurzfassung: Poverty estimates based on cross-section data provide static snapshots of poverty rates. Although a time series of cross-section data can offer some insights into poverty trends, it does not allow for an assessment of dynamics at the household level. Such a dynamic perspective on poverty generally calls for panel data and this kind of analysis can usefully inform poverty reduction policy, notably the design of social protection interventions. Absent actual panel data for Senegal, this paper applies new statistical methods to construct synthetic panel data from two rounds of cross-section household surveys in 2005 and 2011. These data are used to study poverty transitions. The results suggest that, in marked contrast to the picture obtained from cross-section data, there exists a great deal of mobility in and out of poverty during this period. More than half the population experiences changes in its poverty status and more than two-thirds of the extreme (food) poor move up one or two welfare categories. Factors such as rural residence, disability, exposure to some kind of natural disaster, and informality in the labor market are associated with a heightened risk of falling into poverty. Belonging to certain ethnicities and factors such as migration, working in the non-agriculture sector, and having access to social capital are associated with a lower risk of falling into poverty
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 5
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (47 p)
    Ausgabe: 2014 World Bank eLibrary
    Paralleltitel: Emerson, Patrick M Child Labor and Learning
    Schlagwort(e): Schüler ; Kinderarbeit ; Mikrodaten ; Lernen ; Panel ; Brasilien
    Kurzfassung: This paper uses a unique micro panel dataset of Brazilian students to investigate the impact of working while in school on learning outcomes. The potential endogeneity is addressed through the use of difference-in-difference and instrumental variable estimators. A negative effect of working on learning outcomes in math and Portuguese is found. The effects of child work range from 3 to 8 percent of a standard deviation decline in test score, which represents a loss of about a quarter to a half of a year of learning on average
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  • 6
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (23 p)
    Ausgabe: 2014 World Bank eLibrary
    Paralleltitel: Oseni, Gbemisola Can Agricultural Households Farm Their Way Out of Poverty?
    Schlagwort(e): 2010 - 2011 ; Landwirtschaftlicher Familienbetrieb ; Produktivität ; Haushaltsstatistik ; Panel ; Armut ; Nigeria
    Kurzfassung: This paper examines the determinants of agricultural productivity and its link to poverty using nationally representative data from the Nigeria General Household Survey Panel, 2010/11. The findings indicate an elasticity of poverty reduction with respect to agricultural productivity of between 0.25 to 0.3 percent, implying that a 10 percent increase in agricultural productivity will decrease the likelihood of being poor by between 2.5 and 3 percent. To increase agricultural productivity, land, labor, fertilizer, agricultural advice, and diversification within agriculture are the most important factors. As commonly found in the literature, the results indicate the inverse-land size productivity relationship. More specifically, a 10 percent increase in harvested land size will decrease productivity by 6.6 percent, all else being equal. In a simulation exercise where land quality is assumed to be constant across small and large holdings, the results show that if farms in the top land quintile had half the median yield per hectare of farms in the lowest quintile, production of the top quintile would be 10 times higher. The higher overall values of harvests from larger land sizes are more likely because of cultivation of larger expanses of land, rather than from efficient production. It should be noted that having larger land sizes in itself is not positively correlated with a lower likelihood of being poor. This is not to say that having larger land sizes is not important for farming, but rather it indicates that increasing efficiency is the more important need that could lead to poverty reduction for agricultural households
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  • 7
    Sprache: Englisch
    Seiten: Online-Ressource (85 S.) , graph. Darst.
    Serie: OECD social, employment and migration working papers 136
    Schlagwort(e): 1995 - 2011 ; Sozialleistungsempfänger ; Sozialreform ; Panel ; Deutschland ; Social Issues/Migration/Health ; Germany ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Kurzfassung: In this paper, we study the dynamics of social assistance benefit receipt in Germany using annual survey data from the German Socio-Economic Panel (SOEP) for the years 1995-2011. Rates of benefit receipt were stable in Germany at around 8% in the 1990s but started rising in 2001 to peak at over 12% in 2006. We show that this increase in the receipt rate can be attributed to lower exit rates from benefit receipt since 2001. In the econometric part of the paper, we study state dependence in social assistance benefit receipt, i.e. the question to what extent benefit receipt today predicts the probability of future benefit receipt. We estimate a series of dynamic random-effects probit models that control for unobserved heterogeneity and endogeneity of the initial conditions and indeed find considerable evidence of state dependence. Our estimates suggest that benefit receipt one year ago raises the likelihood of benefit receipt today by a factor of 3, which corresponds to an average partial effect of about 14 percentage points. The level of state dependence differs between subsamples and is larger in absolute terms for women, Eastern German residents, and migrants, for whom receipt rates are higher. Studying variations over time, we find a rise in the level of state dependence after the 2005 Hartz reforms in Eastern Germany. We attribute this effect to a drop in average predicted entry rates into benefit receipt without a corresponding fall in predicted benefit persistence rates. We do not identify any comparable change in structural dependence for Germany as a whole or other subsamples we look at. Since a reform that contributes to keeping individuals off benefits while doing little to raise exit rates would increase state dependence but might nonetheless be considered as beneficial, our findings should not be understood as a verdict on the success or failure of the Hartz reforms.
    Anmerkung: Zsfassung in franz. Sprache , Systemvoraussetzungen: Acrobat Reader.
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  • 8
    Sprache: Englisch
    Seiten: Online-Ressource
    Serie: OECD trade policy working papers 128
    Schlagwort(e): Industrie ; Qualifikation ; Arbeitsnachfrage ; Wirtschaftswachstum ; Soziale Integration ; Lohn ; Außenhandel ; Wirtschaftsdaten ; Panel ; Südkorea ; Amtsdruckschrift ; Arbeitspapier ; Graue Literatur
    Anmerkung: Systemvoraussetzungen: Acrobat Reader.
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  • 9
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (73 p)
    Ausgabe: 2011 World Bank eLibrary
    Paralleltitel: Kubota, Megumi Assessing Real Exchange Rate Misalignments
    Schlagwort(e): 1971-2005 ; Kaufkraftparität ; Wechselkurspolitik ; Offene Volkswirtschaft ; Probit-Modell ; Tobit-Modell ; Panel ; Welt
    Kurzfassung: There is a renewed debate on the role of exchange rate policies as an industrial policy tool in both academic and policy circles. Policy practitioners usually examine real exchange rate misalignments to monitor the behavior of this key relative price and, if possible, exploit distortions in the traded and non-traded relative price to promote growth. Anecdotal evidence shows that some countries have pursued very active exchange rate policies to promote the export sector and enhance growth by undervaluing their currencies. The main goal of this paper is to provide a systematic characterization of real exchange rate undervaluations. The long-run real exchange rate equation is estimated using: (a) Johansen time series cointegration estimates, and (b) pooled mean group estimates for non-stationary panel data. The paper constructs a dataset of real undervaluation episodes. It first evaluates whether (and if so, to what extent) economic policies can be used to either cause or sustain real undervaluations. In this context the paper empirically models the likelihood and magnitude of sustaining real exchange rate undervaluations by examining their link to policy instruments (such as exchange rate regimes and capital controls, among other policies) using probit and Tobit models. Finally, it investigates whether foreign exchange intervention can generate persistent real exchange rate deviations from equilibrium. In general, it finds that intervention can lead to greater persistence in the incidence and magnitude of real exchange rate undervaluations
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  • 10
    Sprache: Englisch
    Seiten: Online-Ressource (31 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Noumba Um, Paul Is the Level of Financial Sector Development A Key Determinant of Private Investment in the Power Sector ?
    Schlagwort(e): Öffentlich-private Partnerschaft ; Versorgungswirtschaft ; Wirtschaftswachstum ; Panel ; Entwicklungsländer
    Kurzfassung: This paper seeks to assess the extent to which a country's overall level of development and that of its financial sector, in particular, are factors that attract private capital into infrastructure projects. The authors investigate these effects in a 1990-2007 dataset on the power sector in 37 developing countries. The results suggest that economic growth is a key determinant of private investors' investment in infrastructure projects, and that investors tend to take countries’ governance quality into account in their decisions to invest. The empirical results highlight that the development of the financial sector also plays a significant role in private investors' decisions to enter infrastructure sectors. In particular, the degree of country risk and exchange rate volatility is found to be negatively related to the volume of private sector investment in power projects. Furthermore, when the banking sector and the capital market are separately treated in the analysis, the existence of a well functioning capital market is the main attracting factor. In addition, the existence of an independent energy regulatory authority significantly improves the level of private investors' implication in energy projects. When accounting for the interactions between the overall economic development and the financial sector development variables, the effects of these variables are still significant and the results also confirm the importance of an independent energy sector regulator
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