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  • 2010-2014  (631)
  • 2010  (631)
  • Washington, D.C : The World Bank  (631)
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  • 2010-2014  (631)
Jahr
  • 101
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Other Health Study
    Serie: World Bank E-Library Archive
    Kurzfassung: As gains in basic health care increase life expectancy, more people live past the age of 65, a time when the risk of dementia and other degenerative diseases is higher and people are more likely to require long-term care (LTC) services. Whether at home or in an institution, such care is an important way to protect the lives and dignity of a country's elderly citizens. Unfortunately, the cost of LTC, especially in institutions, can be catastrophic for families. Without public social protection systems many people cannot afford the care they need or the high cost of care sends them and their families into poverty. Thus, LTC is not only a health issue, but also a fiscal issue and as the European population ages, it is crucial for states to develop comprehensive LTC systems that address this interrelated issue. The next section explores the demographic background of the Bulgarian population, which is one of the fastest aging in Europe. This is followed by s short-description of the macro-economic and fiscal framework in post-crisis Bulgaria. Next, an overview of LTC service provisions is given, followed by a section on financing of LTC services. The last section concludes by introducing some guiding principles for future policy reforms
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  • 102
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Debt Management Performance Assessment
    Serie: World Bank E-Library Archive
    Kurzfassung: Operational risk is defined as the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events. In debt management operations, the categories of risks, such as market risk, credit risk, refinancing risk and liquidity risk, are relatively well known; however operational risk is not. The area has not been given due attention to by government debt managers in developing a risk management framework. A similar conclusion on aspects pertaining to operational risk management is borne out from the early results of the World Bank's assessments using its government Debt Management Performance Assessment (DeMPA) tool. This paper thus, introduces the concepts of operational risk as applied to government debt management (DeM) and attempts to present a framework for debt managers to manage operational risks while undertaking public debt management operations. It draws on existing literature for operational risk management principles and practices that have been formulated by the Bank for International Settlements (BIS) Basel Committee on Banking Supervision, the Committee of Sponsoring Organizations (COSO) and the findings of the DeMPAs
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  • 103
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Institutional and Governance Review
    Serie: World Bank E-Library Archive
    Kurzfassung: Regulatory reform has emerged as an important policy area in developing countries. For reforms to be beneficial, regulatory regimes need to be transparent, coherent, and comprehensive. They must establish appropriate institutional frameworks and liberalized business regulations; enforce competition policy and law; and open external and internal markets to trade and investment. This report examines the institutional set-up for and use of regulatory policy instruments in Kenya. It is one of five reports prepared on countries in East and Southern Africa (the others are on Zambia, Uganda, Rwanda, and Tanzania). The report is based on a review of public documents prepared by the government, donors, and the private sector, and on a limited number of interviews with key institutions and individuals
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  • 104
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Economic Updates and Modeling
    Serie: World Bank E-Library Archive
    Kurzfassung: After one year of political crisis, uncertainty remains the key word. Private activities have rebounded compared to the first quarter 2009 but are still far from their pre-crisis levels. Fiscal policy, globally cautious, went to several 'stop and go' episodes, sending mixed messages to financial markets, especially visible through the recent variations in the exchange and interest rates. This uncertainty is exacerbated byt the lack of consistency in policy decisions
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  • 105
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Other Environmental Study
    Serie: World Bank E-Library Archive
    Kurzfassung: Globally, the Philippines is a minor emitter of greenhouse gases (GHGs), but cost-effective mitigation present opportunities that should be captured, noting that the country is one of the signatory member states to the 1992 United Nations Framework Convention on Climate Change (UNFCCC) and its Kyoto Protocol. The country accounts for less than 0.3 percent of global GHG emissions in 2004.4 However, emissions are on the rise from both energy-use and land-use changes. Even if the absolute scale will remain small, there are increasing number of development projects under preparation, which offers opportunities for cost-effective mitigation and adaptation measures. The Philippine Government's response to the climate change challenge has been active institutionally noting the recent restructuring of the Presidential task force on climate change. However, a clear strategy and action plan are still lacking. The international donor community, including development partners such as the Asian Development Bank (ADB), the United Nations International Strategy for Disaster Reduction (ISDR), the Millennium Challenge Corporation (MCC), and the United Nations Development Program (UNDP), is actively engaged in addressing climate change in the Philippines. There are several initiatives on capacity building for GHG accounting, monitoring and reporting, for preparation of a second National Communication to the UNFCCC, governance, renewable energy, urban air quality management, and forest management. There are likewise several World Bank supported climate change-related activities, with nine active operations. These encompass primarily energy sector operations
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  • 106
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Other Environmental Study
    Serie: World Bank E-Library Archive
    Kurzfassung: This report was prepared by Investment Climate Facility (ICF) international with direction from World Bank's Montreal protocol unit and the project team. While Montreal protocol has achieved remarkable success in reducing production and consumption of ozone depleting substances (ODS) worldwide, a significant amount of ODS still remains in equipments, products, and stockpiles. This report finds that significant opportunity exists for destroying ODS through the voluntary carbon market. The high global warming potential (GWP) of ODS means that their destruction has the ability to generate significant volumes of carbon credits, which could then be sold in the voluntary carbon market. Using the voluntary market is likely a win-win opportunity; incentives are created for the recovery and destruction of ODS through the carbon credits that can be earned, and the buyers pay for real and verifiable emission reductions from the destruction of ODS that would have otherwise been emitted
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  • 107
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Policy Notes
    Serie: World Bank E-Library Archive
    Kurzfassung: The objective of this Policy Note is to provide a tool for countries in the Latin America and the Caribbean region to take stock of Early Childhood Development (ECD) programs and policies in their territory. By benchmarking against other programs and policies across the region, countries can identify options to strengthen Early Childhood Development. In The Promise of Early Childhood Development for Latin America and the Caribbean, Vegas and Santibanez (2010) put forth key building blocks for countries to achieve comprehensive ECD policies. These building blocks are based on the premise that all countries' share the goal of ensuring that children have adequate experiences during early childhood, which will enable them to reach their full potential during childhood, youth, and into adulthood. Vegas and Santibanez (2010) also document the state of ECD indicators in the region, which show great disparities across countries and within countries
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  • 108
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Policy Notes
    Serie: World Bank E-Library Archive
    Kurzfassung: Compared with developed economies, health expenditure in China is not particularly high on a per capita basis or as a share of Gross Domestic Product (GDP). Similarly, pharmaceutical expenditure in comparative perspective is not particularly high on a per capita basis or as a percentage of GDP. China's exceptionally high rate of pharmaceutical expenditure has important implications for the future of a health care system that not only serves a rapidly aging population, but encourages overuse of drugs in ways that are both financially and medically inefficient. Pharmaceutical reform is therefore a high priority for China's health policymakers. Several factors are discussed for reforming this system based on lessons from recent reforms. The section following this introduction briefly reviews the expansion of basic medical insurance coverage in the 2000s and several structural features of the pharmaceutical sector in China. The related concepts of an essential medicines policy, an essential drug list, and a generic drug policy are briefly described in first section. The second section of the paper looks at several hurdles that are built into the path of essential medicines reform. The third section considers some lessons for pharmaceutical reform based on China's recent learning from regional experimentation and piloting initiatives. The fourth section considers several relevant lessons derived from reform experiences in other countries. The fifth section looks at the path forward-success factors for implementing an essential medicines program based on low-cost generic drugs
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  • 109
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Economic Updates and Modeling
    Serie: World Bank E-Library Archive
    Kurzfassung: The Indian economy recovered from the slowdown at the time of the global financial crisis with strong Gross Domestic Product (GDP) growth, in particular over the first half of FY2010-11. The agricultural sector bounced back strongly after the 2010 monsoon brought normal levels of rainfall, and the industrial sector registered double-digit growth for three consecutive quarters. Inflation came down to 7.5 percent in November but then accelerated again to 8.4 percent in December because of a renewed food supply shock. The current account deficit in FY2009-10 was the largest ever (in US
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  • 110
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Economic Updates and Modeling
    Serie: World Bank E-Library Archive
    Kurzfassung: 35 million during Oct 2009-Mar 2010 of which
    Kurzfassung: 35 million during Oct 2009-Mar 2010 of which
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  • 111
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Recent Economic Development in Infrastructure
    Serie: World Bank E-Library Archive
    Kurzfassung: This study is a product of the Africa Infrastructure Country Diagnostic (AICD), a project designed to expand the world's knowledge of physical infrastructure in Africa. Infrastructure contributed 1.8 percentage points to Cote d'Ivoire's annual per capita Gross Domestic Product (GDP) growth in the mid-2000. Raising the country's infrastructure endowment to that of the region's middle-income countries could boost annual growth by a further two percentage points per capita. Cote d'Ivoire made major strides with respect to infrastructure during the 1990s. As a result, the country has broad-reaching national backbones in the road, energy, and Information and Communication Technologies (ICT) sectors, and relatively high levels of household coverage for utility services. However, much ground was lost to conflict in the mid-2000s. Very little investment has taken place in the last fifteen years, leading to recent power shortages, the deterioration of the road network, and the deceleration of progress on safe water access. Cote d'Ivoire's most pressing challenge will be to regain the financial equilibrium needed to restore a reliable energy supply. Reestablishing the prominence of Abidjan's port will require investments in terminal capacity, as well as road and rail infrastructure upgrades on hinterland linkages. The underfunding of road maintenance must also be addressed. Another challenge lies in sanitation, as it is currently unlikely that the country will meet the associated millennium development goal. This report presents the key AICD findings for Cote d'Ivoire, allowing the country's infrastructure situation to be benchmarked against that of its African peers. A social and economic crisis in Cote d'Ivoire has crippled its growth trajectory, which had been that of a middle-income country. It will therefore be compared to low-income countries (fragile and non-fragile groups) and middle-income countries, as well as immediate regional neighbors in West Africa. The study presented several methodological issues
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  • 112
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Economic Updates and Modeling
    Serie: World Bank E-Library Archive
    Kurzfassung: Lao PDR economic growth continues to be strong in 2010, against the backdrop of a fragile global recovery yet dynamic regional demand. Growth is projected at 8.5 percent in 2010, from 7.5 percent in 2009. The resources sector is projected to contribute about 4 percentage points of economic growth, of which electricity, water and gas about 3.2 percentage points. This update reports mainly on recent economic developments and medium-term outlook for the country
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  • 113
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Economic Updates and Modeling
    Serie: World Bank E-Library Archive
    Kurzfassung: The Philippines economy posted robust growth in early 2010, in part due to large one-off factors. As did many countries in the region, the Philippines benefited from a strong rebound in global trade. Manufacturing and investment activity expanded briskly as a result. Private consumption continued to expand, as consumer confidence improved. Growth also benefited from election-related spending. Expansionary (and now pro-cyclical) fiscal policy continued to support growth. Despite a withdrawal of liquidity-enhancing measures and a stronger peso, a closing output gap meant that monetary policy remained accommodative. A World Bank study of Philippines migration pattern during the global recession reveals that deployment of overseas foreign workers (OFWs) actually accelerated during the crisis. Partly this reflected the fact that the top OFW destinations were not as affected as the rest of the world. The most affected OFWs were males, production workers (especially construction workers) and new hires. By contrast, females, services workers, seafarers and rehires proved resilient to the crisis or even benefited from it. Globally, less tolerance towards weak public finances is expected, raising the need to introduce a credible medium-term fiscal consolidation plan for the Philippines. Running a pro-cyclical fiscal policy with relatively high debt and limited fiscal space-as undertaken in the first-half of 2010-raises risks and should be reverted. Credibility towards such a goal could be achieved, for example, by designing a comprehensive multi-year reform package. As the output gap closes, the accommodative monetary policy introduced in 2008 would need to be gradually unwound, starting by reaching a broadly neutral stance in 2010. An increase in policy rates currently negative or slightly positive could achieve such a goal
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  • 114
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Financial Sector Assessment Program
    Serie: World Bank E-Library Archive
    Kurzfassung: In El Salvador, the banking safety net emergency liquidity assistance, resolution and deposit insurance- faces particular challenges given it operate in the context of official dollarization. The economy was officially dollarized in 2000 with the adoption of the law on financial integration and of the United States (US) dollar as legal tender. Dollarization constrains a central bank's ability to act as a lender of last resort (LOLR) and provide emergency liquidity assistance (ELA). This note discusses the weaknesses of the current framework and recommendations to ensure the safety net functions more effectively and efficiently. To address systemic liquidity risk in the context of official dollarization, the Banco Central de Reservas (BCR) should be provided with more powers and funds to provide emergency liquidity assistance to banks. The bank resolution scheme, which has not been tested, and the deposit insurance fund, which has insufficient funds, both need to be strengthened. Appropriate roles and formal mechanisms to monitor and manage systemic risk and events should be put in place. However the roles and responsibilities of the various institutions involved in the safety net are not always consistent with their objectives, powers, and mandates, while a well-specified strategy to preserve the stability of the system (e.g., with clear responsibilities for monitoring systemic risks and taking macro prudential decisions) and definition or formal measurement of systemic risk have not yet been established. Furthermore, coordination with foreign supervisors of international banks does not include designing contingency plans to address a possible cross-border event. This paper is divided into following four parts: part one is introduction; part two gives systemic liquidity management and emergency liquidity assistance; part three is bank resolution and deposit insurance; and part four gives crisis management arrangements
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  • 115
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Recent Economic Development in Infrastructure
    Serie: World Bank E-Library Archive
    Kurzfassung: Infrastructure improvements contributed 0.6 percentage points to the annual per capita growth of Zambia's gross domestic product (GDP) over the past decade, mostly because of the exponential growth of information and communication technology (ICT) services. Poor performance of the power sector reduced the per capita growth rate by 0.1 percentage point. Simulations suggest that if Zambia's infrastructure platform could be improved to the level of the African leader, Mauritius, per capita growth rates could increase by two percentage points per year. Zambia's high generation capacity and relatively high power consumption are accompanied by fewer power outages than its neighbors. But Zambia's power sector is primarily oriented toward the mining industry, while household electrification, at 20 percent, is about half that in other resource-rich countries. Zambia's power tariffs are among the lowest in Africa and are less than half the level needed to accelerate electrification and keep pace with mining sector demands. Meeting future power demands and raising electrification rates will be difficult without increasing power tariffs. Zambia's infrastructure situation is more hopeful than that of many other African countries. Infrastructure spending needs, though large, are not beyond the realm of possibility, and Zambia's resource wealth and relatively well-off population provide a more solid financing basis than is available to many other countries. Zambia's infrastructure funding gap, though substantial, can be dramatically reduced through measures to stem inefficiencies and lower costs
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  • 116
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Other Financial Accountability Study
    Serie: World Bank E-Library Archive
    Kurzfassung: This study analyzes the impact of work of the World Bank in the areas of consumer protection in financial services and in improving financial literacy in the Czech Republic and Slovakia, the first two countries where the World Bank provided technical assistance in the areas of consumer protection in financial services and financial literacy. The impulse of the Czech authorities was their understanding that consumer protection was lacking in the area of financial services while the offer and complexity of financial products was growing rapidly in the quickly developing post-communist market. The authorities were dealing with a growing number of complaints from the public as well as increasing media coverage of consumer complaints, while lacking adequate internal expertise to deal with these issues. The World Bank prepared the technical note on consumer protection in financial services for the Czech Republic. After the note was presented publicly at a dissemination seminar in the Czech Republic, authorities of the Slovak Republic requested similar assistance as they were dealing with similar issues. This study describes the impact the pioneering work of the World Bank team had on the Czech Republic and Slovakia, and how it assisted national authorities in improving consumer protection in financial services and developing programs to increase financial literacy of the Czech and Slovak populations
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  • 117
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Other Environmental Study
    Serie: World Bank E-Library Archive
    Kurzfassung: The study is conducted in two states with different geographic, public health, and socioeconomic characteristics, together spanning a range of conditions in rural India: Maharashtra and Orissa. The secondary objectives of the study were to develop proxy indicators for routine monitoring of the health impact of water and sanitation projects. A proxy is an easy-to-measure indicator for a hard to- measure impact. Here the goal is to identify the intermediate outcomes (for example coverage of toilets and taps) that are causally linked to the policy or intervention and to the outcome. The success of the analysis in establishing such links will determine the salience of the proxy indicators. Finally, World Bank also evaluate the broader impacts of water, sanitation, and hygiene interventions on rural livelihoods, such as savings in time, materials, and money invested in coping activities; improvements in convenience and privacy; and indirect benefits to caregivers (for example gains in work efficiency, and time and work reallocation within the household)
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  • 118
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Accounting and Auditing Assessment
    Serie: World Bank E-Library Archive
    Kurzfassung: This aim of this report is to assess the accounting and financial auditing standards and practices in Burkina Faso in the private and semipublic sectors, using as benchmarks International Financial Reporting Standards (IFRS) and International Standards on Auditing (ISA) and taking into account the good practices noted in the international sphere in these two areas. The main objective of this assessment is to make recommendations aimed at strengthening accounting, financial auditing, and financial transparency practices in the private sector and semipublic enterprises in Burkina Faso. The development objectives associated with these recommendations are as follows: (i) stimulating private investment and enhancing the competitiveness of enterprises; (ii) improving governance in the private market and semipublic sector; and (iii) achieving greater integration of the Burkinabe economy at the regional and international levels
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  • 119
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Financial Sector Assessment Program
    Serie: World Bank E-Library Archive
    Kurzfassung: Financial service provision has expanded since the 2004 financial sector assessment program (FSAP) update, but access to financial services can expand greatly through mobile banking. An estimated 47 percent of adults in El Salvador have deposit accounts at a regulated financial institution, similar to the Latin American average. Although a range of range of bank and non-bank institutions serve the micro and Small and Medium Enterprises (SME) finance market, significant financial services provision is occurring outside of the regulatory perimeter. Improvements in credit information systems, simplification of credit documentation processes, and a strengthened legal framework for factoring can help facilitate SMEs access to credit. Issues of financial transparency and consumer protection are of increasing importance to the Salvadoran authorities, although resources for enforcement are limited. Both public and private entities are engaging in educational activities to promote financial literacy have the potential to play an important role in curbing over indebtedness. However, the consumer defense agency (Defensoria al Consumidor) lacks sufficient resources for enforcement of consumer protection laws. This paper is divided into following six parts: first part gives overview of financial access and usage patterns; the second part gives information on funding and savings products commercialized; the third part gives market participants; fourth part is legal and regulatory impediments to credit; fifth part deals with supervisory and regulatory perimeter issues; and sixth part is transparency, consumer protection, and financial literacy
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  • 120
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Recent Economic Development in Infrastructure
    Serie: World Bank E-Library Archive
    Kurzfassung: Infrastructure contributed 1.2 percentage points to the annual per capita growth of Malawi's gross domestic product (GDP) over the past decade, thanks mainly to the revolution in information and communication technology (ICT). Raising the country's infrastructure endowment to that of the region's middle-income countries could further boost annual growth by 3.5 percentage points per capita. Today, Malawi's basic infrastructure indicators look relatively good when compared with other low-income countries in Africa, although the performance of that infrastructure could be significantly improved. Malawi is one of the few African countries to have already reached the Millennium Development Goals (MDGs) for water, almost a decade ahead of the target. The private sector has made Global Management System (GSM) telephone signals widely available without public subsidy. A substantial road investment program has raised the average condition of the country's road network, and a foundation for institutional reform has been laid in the ICT, power, and road transport sectors. Even if those inefficiencies could be eliminated, Malawi will still face an infrastructure funding gap of almost
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  • 121
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Recent Economic Development in Infrastructure
    Serie: World Bank E-Library Archive
    Kurzfassung: Infrastructure contribute ...
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  • 122
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Other papers
    Serie: World Bank E-Library Archive
    Kurzfassung: The Accra Agenda for Action contains a commitment to increase aid effectiveness by 'addressing the issue of countries with insufficient aid.' This paper highlights the difficulties in identifying such countries unequivocally, given the limited theoretical and empirical knowledge on optimal aid allocations. Actual aid receipts by low income countries are compared to several benchmarks derived from different aid allocation models. These models differ primarily with regard to the weights assigned to country needs and performance. The analysis shows that different aid allocation models identify different sets of countries as receiving insufficient aid. The paper does not find a greater tendency for fragile states to receive insufficient aid compared to non-fragile states. However, there appears a greater tendency for bilateral aid to leave countries with insufficient aid compared to multi-lateral aid, which in fact in many cases partly compensates for under-funding from bilateral donors. The potential aggregate cost of increasing aid to countries with insufficient aid varies significantly depending on which aid allocation model is used, but could be as high as US
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  • 123
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Other papers
    Serie: World Bank E-Library Archive
    Kurzfassung: Floods are a major source of risk for the agricultural sector. Flood risk in the agricultural sector primarily arises from river flooding, flash floods, and coastal flooding. The impacts of floods can result in sizable agricultural damages at the local level. Floods in agricultural zones expose agricultural producers, agricultural supply chains, rural financial institutions (such as agricultural banks), and governments to financial risks due to the loss of crops, delinquency on seasonal production loans, damage to infrastructure and loss of public revenues. The costs associated with these damages are often absorbed by households directly or governments that provide compensation to agricultural producers in the aftermath of catastrophic flood events. Rural financial institutions also absorb the cost of floods through loan rescheduling or, in catastrophic cases, loan cancellation. In many developing countries, floods are dealt with in a reactive, rather than proactive, manner and little is done to be financially prepared for a catastrophic outcome of floods. Going forward, government and donors can play an important role to facilitate the development of risk spreading mechanisms in general and agricultural flood insurance in particular. First, this includes investment in the generation of public goods to support disaster risk reduction and recovery, risk management, and ultimately insurance applications. Second, awareness building and risk education are essential for better risk management and insurance. In that vein, identifying and assessing flood risk is critical first steps. Third, many of the technologies described here have applications beyond insurance, including for better planning, risk reduction, early warning, and disaster response. Insurance can complement such activities, but is only viable if carried out jointly as part of a broader risk management framework. Fourth, more research and technical assistance is needed to develop simple and financially viable products for flood risk transfer at aggregate levels; there is increasing demand expressed for such products from flood-prone countries. Finally, donors and government can support international and regional centers involved in flood modeling and facilitate a platform that convenes the technical expertise required for flood risk insurance development. Several of such centers and core expertises were identified through this work
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  • 124
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Other Financial Sector Study
    Serie: World Bank E-Library Archive
    Kurzfassung: The South Asia Payments and Securities Settlement Initiative (SAPI) objective is to describe and assess the payments and securities settlement systems of the countries of South Asia with a view to identifying possible improvement measures in their safety, efficiency and integrity. To assure quality and effectiveness, the SAPI includes two important elements. First, all studies are conducted with the active participation of country officials and the project builds on the existing work being undertaken in the respective countries. Second, the initiative draws on international and national expertise to provide guidance, advice and alternatives to current practices. This report, payments and securities settlement systems in Pakistan, is the first of the public reports in the SAPI series and was prepared with the active support of the State Bank of Pakistan. Economic developments in Pakistan during the last decade have-to a significant extent-been influenced by the Government's program for poverty reduction and the development of markets and the real economy. However, the economic development slowed down in 2008 and 2009, as the macroeconomic situation deteriorated significantly owing to adverse security developments, large price increase of some commodities such as oil and food, global financial turmoil, and national political and security issues. This strong macroeconomic performance resulted from the implementation of a series of important structural reforms. In the early 2000s, the government expanded the role of markets in the economy, privatized a number of large state-owned enterprises, established market-based regulatory bodies, and took steps to reduce the cost of doing business in Pakistan
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  • 125
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Law and Justice Study
    Serie: World Bank E-Library Archive
    Kurzfassung: This study of 23 leases over land on the island of Epi is the first of the Jastis Blong Evriwan (JBE) research activities to examine land and natural resource management (L&NRM) and access to justice on particular Vanuatu islands. The research will be repeated on the island of Tanna. To inform the broader context of land leasing in Vanuatu, JBE, in collaboration with the government of Vanuatu, has begun collecting and analyzing government land-leasing data. This process commenced in late 2009 and will ultimately make it possible for leasing patterns in each of the island studies to be placed in a broader national land-leasing context. The JBE Project Framework Document (PFD) for Vanuatu outlines a number of priority research areas in Land and Natural Resource Management (L&NRM) and Access to Justice. The research undertaken on Epi Island during March 2010 investigated the way customary groups negotiate and engage in land-lease dealings and the type and effectiveness of mechanisms and strategies people used to resolve disputes. This approach combined the L&NRM and access to justice research areas in order to: (i) document ways in which customary groups engage with the formal system; and (ii) increase understanding of the type of justice problems citizens face and the mechanisms and strategies people use to enforce their rights. Integrating these two research interests supported a more holistic understanding of the ways in which custom landholder groups operate in the context of legal pluralism
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  • 126
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Policy Notes
    Serie: World Bank E-Library Archive
    Kurzfassung: Strong earthquakes strike frequently countries in East Asia and the Pacific, causing building collapses and extensive damage to infrastructure and, when centered near populated areas, heavy life losses. Urban areas, with their increasing concentrations of population and infrastructure, are particularly at risk from catastrophic losses with far-reaching economic repercussions and human loss. The next earthquake and other large earthquakes in the East Asia region in the near future are inevitable. This paper aims at delivering the best science, risk analysis, and engineering available to help policy makers and particularly those directly responsible for mitigation, preparedness, response and recovery to anticipate and prepare for earthquakes and build safer, more resilient societies. In particular, this paper emphasizes the strengthening of existing schools, hospitals and specific infrastructure that should result in the largest possible life loss reduction and the largest possible financial loss reduction in the public sector. The objective of this paper is to help to reduce earthquake risk through promoting safer construction, disseminating good practice for new and existing infrastructure, increasing the level of preparedness, and, particularly, promoting a decrease in existing risk and saving lives through strengthening of existing important public infrastructure
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  • 127
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Other Poverty Study
    Serie: World Bank E-Library Archive
    Kurzfassung: Vietnam is implementing a long run reform agenda for the power sector, with the aim of restructuring the sector to improve internal operations, efficiency, and the quality of services. The World Bank has an ongoing engagement in the sector which started in 1995. The design and implementation of the power sector reform strategy has been supported through technical assistance and lending operations, as well as preparation of a proposed series of Power Sector Reform Development Policy Loans (DPLs). A number of Poverty and Social Impact Assessment (PSIA) activities will be carried out in support of Vietnam's power sector reforms and as part of the World Bank's due diligence work for the power sector DPLs. This PSIA focuses on assessing the distributional impacts of recent tariff reforms introduced in March, 2009 which changed Vietnam's Incremental Block Tariff (IBT) structure for residential consumers. In addition to changes in lifeline tariffs and coverage, all on-grid rural consumers were brought under a unified tariff structure
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  • 128
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Health, Nutrition and Population (HNP) Discussion Papers
    Serie: World Bank E-Library Archive
    Kurzfassung: Although Sub-Saharan Africa has some of the worst nutrition indicators in the world, nutrition remains a low priority on the policy agendas of many African governments. This despite the fact that proven interventions are known and available and that investment in them is considered a cost-effective strategy for poverty reduction. This case study is one in a series seeking to understand (1) what keeps African governments from committing fully to reducing malnutrition, and (2) what is required for full commitment. It documents how the Ghanaian government has addressed the issue of malnutrition since Independence, examines what political and institutional factors have prevented full commitment, and identifies what conditions have moved the nutrition agenda forward at different points in time. The primary objective of this study as well as the series as a whole is to help African governments, development partners, and nutrition and health practitioners identify, understand and address the political and institutional obstacles preventing sustainable progress in nutrition
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  • 129
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Other Agricultural Study
    Serie: World Bank E-Library Archive
    Kurzfassung: Coffee is an ecologically and economically significant crop for Haiti. It is not only the main source of income for more than 100,000 farmers, but the coffee ecosystem also sustains a large part of the remaining tree cover (currently at less than 1.5 percent of land) of the country. This report does not aim to detail the structural constraints impacting upon the Haitian coffee sub-sector. Instead, it describes the risks affecting the existing supply chain in terms of their potential impact and prioritizes the risks and areas requiring attention for risk management, investment, and capacity building. The Haitian coffee industry is constrained by significant systemic problems which have contributed to its decline over the years. Some of these major constraints include: (1) the structure of the coffee creole garden which contributes to low on-farm coffee productivity; (2) a land tenure system which inhibits long term investment; (3) poor transportation and logistics infrastructure; (4) limited access to credit and high interest rates; (5) aging coffee trees and farmers; (6) waning government interest and support for the coffee sub-sector; (7) lack of industry level coordination; and (8) a lack of international and domestic promotion of the Haitian coffee industry
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  • 130
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Other Health Study
    Serie: World Bank E-Library Archive
    Kurzfassung: This paper summarizes the key findings of an 'After Action Review' (AAR) that reflects a decade of experience in designing and implementing ten HIV/AIDS projects in the Caribbean, financed by the World Bank. The objective is to identify what worked (and what didn't) in the project approach, design and implementation, distilling useful lessons for other projects in small states
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  • 131
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Other Health Study
    Serie: World Bank E-Library Archive
    Kurzfassung: In the six decades since 1950, fertility has fallen substantially in developing countries. Even so, high fertility, defined as five or more births per woman over the reproductive career, characterizes 33 countries. Twenty-nine of these countries are in Sub-Saharan Africa. High fertility poses health risks for children and their mothers, detracts from human capital investment, slows economic growth, and exacerbates environmental threats. These and other consequences of high fertility are reviewed in the first half of this paper. Recognizing these detrimental consequences motivates two inter-related questions that are addressed in the second half of the paper: Why does high fertility persist? And what can be done about it? The high-fertility countries lag in many development indicators, as reflected for example in their rate of progress toward achievement of the Millennium Development Goals (MDGs). These countries have also received less development assistance for population and reproductive health than countries more advanced in their transitions to lower fertility, and the assistance they did receive increased only marginally from 1995 to 2007, a period during which commitments to both health and HIV/AIDS rose substantially
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  • 132
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Other Environmental Study
    Serie: World Bank E-Library Archive
    Kurzfassung: The objective of this study is to improve understanding of the implications of climate change for the groundwater systems in coastal Bangladesh. This is achieved by: (a) obtaining available geologic, hydrologic, and geochemical information on coastal aquifers of Bangladesh; (b) developing groundwater flow and salt transport models representing general features and conditions along the coast of Bangladesh; and (c) simulating potential changes in the groundwater systems due to various aspects of human activity and climate change. The simulation analysis will focus on both the pattern and response time of the saltwater-freshwater distribution in subsurface aquifers, with a view towards sustainability of current and future water use under stress due to climate change. The study is aimed at understanding processes and rates of change for systems representative of a range of conditions in coastal Bangladesh, but it is expected that regional and local differences occur. Thus, only general conclusions and guidance should be drawn from this work
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  • 133
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Development Report Background Papers
    Serie: World Bank E-Library Archive
    Kurzfassung: The re-education of the German people overseen by the victorious allied powers, the inclusion of the causes and consequences of totalitarianism in school curricula and a comprehensive policy of ensuring that the Nazi period remained firmly in the German collective memory were the elements that formed the basis of a viable liberal-democratic post-war consensus in West Germany. Democratic opinions and values progressively took the place of the racist, chauvinistic ideology of the National Socialists, which had proclaimed the superiority of the 'master race' and ultimately led to the outbreak of the Second World War. The most extensive re-education measures were implemented under the American occupation. The Office of Military Government for Germany US (OMGUS) under the US zone's Military Governor General Lucius D. Clay allocated
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  • 134
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Development Report Background Papers
    Serie: World Bank E-Library Archive
    Kurzfassung: Strengthening the rule of law is widely regarded among traditional donors, multilateral institutions, and a growing number of middle income and fragile states as a necessary precondition for sustainable peace, poverty alleviation, and development. Crime and violence deter investment and lower employment, undermine social institutions, and divert resources through direct and indirect costs, all of which hinder development. It is likely to disproportionately affect poor and marginalized populations by limiting access to basic services. The formal criminal justice system is seen in many environments as failing to deliver justice. Most states experiencing fragility do not have the capacity to effectively prevent crime, enforce laws, or peacefully resolve disputes across the whole of their territories. There is another powerful deterrent for communities to seek redress through state criminal justice institutions: they are frequently a primary instrument for the government and elites to maintain power and control through the perpetration of injustice. The informal system, however, is alone insufficient to handle the pressing justice requirements of fragile states, not least for preventing and responding to inter-communal conflict, to serious organized and cross-border crime, and to public corruption and other 'white collar' crime
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  • 135
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Development Report Background Papers
    Serie: World Bank E-Library Archive
    Kurzfassung: The remolding of the state from an autocratic to a democratic one in postwar Japan is sometimes regarded as a successful case of external intervention for state-building. When Americans landed in Japan two weeks after Japan's acceptance of unconditional surrender, they expected to meet a fanatic and intransigent people. Instead they were surprised by the orderly and peaceful behavior of Japanese soldiers and citizens (Tamaki 2005, 13-20). Disarmament, demobilization, repatriation, and reintegration (into their home towns/villages) of millions of soldiers proceeded surprisingly smooth between 1945 and 1948. The authoritarian state gave way to a democratic one within two years of the beginning of the American occupation and democracy has persisted since1. And finally, the Japanese economy had already begun to experience high growth when the occupation ended in April 1952. In every respect, American occupation policies seem to have been successful. Against this image of the American occupation in Japan, this paper will argue that American policies were only partially helpful in the democratic remolding and economic development of postwar Japan. The prewar political and economic experiences of the Japanese themselves, and the psychological impact of the defeat, played equally important roles in the democratic rebirth of the Japanese state. Those in search of solutions to the development challenges facing fragile countries today should understand that Japan's 'success' did not begin in 1945 and was not the result of a peace settlement quickly followed by new institutions. The ground work for Japanese success was 80-90 years in the making. Analysis of state-building, economic development and democracy in Japan must start from the Meiji restoration of 1868
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  • 136
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Development Report Background Papers
    Serie: World Bank E-Library Archive
    Kurzfassung: There is broad recognition, across the political spectrum and in both 'northern' and 'southern' countries, that justice reform, and more generally the promotion of the 'rule of law', are central to development policy, particularly in conflict-affected, fragile and violent contexts. More recently an increased focus on global security and the interaction between security and development as put a renewed emphasis on such efforts. However, while legal, regulatory and 'justice' institutions are now seen as key part of the 'solution' to problems of conflict, fragility and development, this recognition is not matched by a correspondingly clear sense of what should be done, how it should be done, by whom, in what order, or how 'success' may be determined. There often tends to be a clear misunderstanding of both the nature of the problem and (thus) of the solution. In this paper, the author seek to provide some insight into these questions and sketch out a practical conception of effective justice reform in situations of conflict and fragility that may provide the basis for effective programming
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  • 137
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: World Development Report Background Papers
    Serie: World Bank E-Library Archive
    Kurzfassung: The European Union (EU) is one of the most successful examples in recent times of the peaceful regional expansion of prosperity and stability through institutional structures and shared resources. The EU has supported a process of governance and economic development across the European continent which now encompasses 27 member countries and over 500 million people. EU accession is a process of alignment through which acceptance of the acquis communautaire (the body of EU law) in aspiring states leads to the reorganization of an entire corpus of political, social, economic and cultural relationships, with the Commission and the Council explicitly negotiating, agreeing upon, refereeing and monitoring these linkages. These technical and political changes- largely generated through accession conditionality are accompanied by a process of 'Europeanization' by which all EU countries come to adopt European norms and values, transferred through many different routes including declaratory policies and documents, small-scale projects, and socialization between governments. In combination, the transformation that the concept and process of Europe has brought about is extraordinary- indeed in many ways it can be argued that the EU accession process has overcome the aid complex and its inefficient parallel systems and short-term projectized approaches which can often prevent exactly these successful outcomes in developing countries today. That is not to suggest, however, that the project of European enlargement is a single monolith, or has been equally successful in all EU accession countries. In certain contexts it has generated real and important reforms, while in others, positive institutional change has been far less clear. Moreover, problems with the process remain, and moving forward the EU will itself need to adapt to new realities and changing dynamics in order to ensure that future enlargement is as successful as past accession
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  • 138
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Other papers
    Serie: World Bank E-Library Archive
    Kurzfassung: In 2005, the Millennium Ecosystem Assessment (MA, 2005) provided the first comprehensive report on global ecosystems, the dependence of human societies on the services provided, current state, and likely future trajectory. The MA identified the failure to value ecosystem services as a major contributing cause. The 2001 environment strategy did not explicitly address environmental valuation, although the focus on poverty and environment implies a need for valuing natural resources and environmental services. In consultations on the 2010 environment strategy, a wide range of stakeholders stressed the importance of mainstreaming environmental services. To better direct limited resources for environmental valuation and training, a closer look is needed to identify the conditions under which valuation has had an impact on: policy and project design, policy dialogue in client countries, environmental investments, and strengthening the capacity of national institutions. This report presents a review of environmental valuation in World Bank operational and analytical work, identifying what has been done, and the impacts environmental valuation has had. The report identifies the conditions under which valuation is most likely to influence decision-makers, and finally, the implications for the 2010 environment strategy. The report is organized as follows: section one gives context; section two gives introduction; section three gives approach to learning from past experience; section four focuses on coverage of ecosystem services; section five presents prioritizing environmental valuation; section six deals with why environmental valuation not done; and section seven gives recommendations
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  • 139
    Sprache: Englisch
    Seiten: 1 Online-Ressource
    Serie: Other papers
    Serie: World Bank E-Library Archive
    Kurzfassung: The World Bank Group (WBG) has focused on reducing the environmental impacts of its internal operations and improving corporate environmental practices since 2002, when the WBG President announced WBG's commitment to Corporate Social Responsibility (CSR). The objective of this document is to summarize the actions WBG has taken thus far to reduce environmental impacts from internal operations and present an action plan to further integrate sustainability into WBG's internal operations. Although this work focuses on the environmental impact associated with WBG daily operations, the links between WBG policies and actions related to environmental management and the financial/social considerations are significant. The International Finance Corporation (IFC) footprint and World Bank corporate responsibility teams facilitate the sustainability commitment of the WBG and monitor and track its progress. These teams provide technical information and research support to a dedicated group of champions throughout the WBG who implement emission reduction activities. Budget for these activities flows primarily through the environment department, the general services department, and IFC facilities management and administration. The environment department and IFC facilities management each resource one staff member to provide back-up research support and to monitor and report on environmental metrics, with building engineers and managers and project officers from across the WBG contributing
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  • 140
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    ISBN: 9780821382035
    Sprache: Englisch
    Seiten: Online-Ressource (200 p)
    Ausgabe: 2010 World Bank eLibrary
    Serie: Africa Development Indicators
    Kurzfassung: Reliable quantitative data are essential for understanding economic, social and governance development because it provides evidence, and evidence are crucial to set policies, monitor progress and evaluate results. Africa Development Indicators 2010 (ADI) provides the most detailed collection of data on Africa available. It puts together data from different sources, and is an essential tool for policy makers, researchers, and other people interested in Africa. The opening articles of the ADI 2010 print edition focus on behaviors that are difficult to observe and quantify, but whose impact on service delivery and regulation has adverse long-term effects on households. The term "quiet corruption" is introduced to indicate various types of malpractice of frontline providers (teachers, doctors, and other government officials at the front lines of service provision) that do not involve monetary exchange. The prevalence of quiet corruption and its long-term consequences might be even more harmful for developing countries, and for the poor in particular who are more exposed to adverse shocks to their income and are more reliant on government services to satisfy their most basic needs
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  • 141
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    ISBN: 9780821384671
    Sprache: Englisch
    Seiten: Online-Ressource (146 p)
    Ausgabe: 2010 World Bank eLibrary
    Serie: World Development Indicators
    Kurzfassung: The Little Data Book on External Debt provides a quick reference for users interested in external debt stocks and flows, major economic aggregates, key debt ratios, and the currency composition of long-term debt for all countries reporting through the Debtor Reporting system. A pocket edition of Global Development Finance 2010, Summary and Country Tables, it contains statistical tables for 135 countries as well as summary tables for regional and income groups
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  • 142
    ISBN: 0821383957 , 9780821383957
    Sprache: Englisch
    Seiten: Online-Ressource (vii, 75 p) , ill , 25 cm
    Ausgabe: 2010 World Bank eLibrary
    Serie: World Bank study
    DDC: 338.9
    Schlagwort(e): Leadership ; Organizational change ; Leadership ; Organizational change ; Leadership ; Organizational change
    Kurzfassung: Development involves change, but many development initiatives produce unimpressive results. The authors ask why and consider how to close the gap between the intended change and what we actually see in the evidence. This paper presents the findings of a study, initiated by the multi-donor Global Leadership Initiative and led by the World Bank Institute, to examine leadership in the change processes of fourteen capacity development interventions in eight developing countries, through 140 in-depth structured interviews. It explores what it takes to make change happen and in particular, the role leadership plays in effecting change. The authors propose that leadership contributes to change when it builds "change space" by fostering acceptance for change, granting authority for change, introducing or freeing the abilities necessary to achieve change. This "change space" is required to ensure contextual readiness for change and foster progress through the difficult stages of the change process. An analytical framework is introduced to illustrate the dimensions of this "change space" and its limits in organizational and social change. The authors argue that a lack of "change space" in many development contexts may be overlooked, contributing to failure. The paper concludes that leadership manifests in different ways in different contexts, depending on the contextual readiness and factors that shape change and leadership opportunities; but the key characteristics of plurality, functionality, problem orientation and "change space" creation are likely to be common to all successful leadership-led change events
    Anmerkung: Includes bibliographical (p. 68-75) references
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  • 143
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    ISBN: 9780821384961
    Sprache: Englisch
    Seiten: Online-Ressource (246 p)
    Ausgabe: 2010 World Bank eLibrary
    Serie: Directions in Development
    Kurzfassung: The Philippines has experienced overall growth over these last twenty years, but the growth of the manufacturing sector has been sluggish and the country has lost innovation capacity. Re-gaining momentum will depend on many factors, but skills have a key role to play to support the growing service sector, help improve the competitiveness of the manufacturing sector, and, in general, enhance the long-term ability of the country to innovate and adapt and assimilate new technologies. This book analyzes the functional skills that workers need to be equipped with to be employable and support firms’ competitiveness and productivity and the role of the education and training system in providing them. It is the most comprehensive attempt so far to review the skills that matter to employers using an innovative employer skill survey. The book reveals that a dramatic increase in educational attainment occurred in just under two decades in the Philippines. However, in view of the growing demand for skills, the book also makes clear that there are initial indications of emerging skills gaps, suggesting that skills are becoming a constraining factor for the economy. Several policy implications are fleshed out for the supply of skills in the country, both overall and by education and training sub-sector, which we expect to be a valuable contribution to the improvement of the education and training system. This book is primarily intended to the policy makers which shape the delivery of education and training in the Philippines and other middle-income countries
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  • 144
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    ISBN: 9780821386743
    Sprache: Englisch
    Seiten: Online-Ressource (328 p)
    Ausgabe: 2010 World Bank eLibrary
    Serie: Global Development Finance
    Kurzfassung: Global Development Finance 2011: External Debt of Developing Countries is a continuation of the World Bank's publications Global Development Finance, Volume II (1997 through 2009) and the earlier World Debt Tables (1973 through 1996). As in previous years, GDF 2011 provides statistical tables showing the external debt of 128 developing countries that report public and publicly guaranteed external debt to the World Bank's Debtor Reporting System (DRS). It also includes tables of key debt ratios for individual reporting countries and the composition of external debt stocks and flows for individual reporting countries and regional and income groups along with some graphical presentations. GDF 2011 draws on a database maintained by the World Bank External Debt (WBXD) system. Longer time series and more detailed data are available from the Global Development Finance 2011 on CD-ROM and the World Bank open databases, which contain more than 200 time series indicators, covering the years 1970 to 2009 for most reporting countries, and pipeline data for scheduled debt service payments on existing commitments to 2017. The database covers external debt stocks and flows, major economic aggregates, and key debt ratios, as well as average terms of new commitments, currency composition of longterm debt, and debt restructurings in greater detail than can be included in the GDF book. The CD-ROM also contains the full contents of the print version of GDF 2011. Text providing country notes, definitions, and source information is linked to each table. World Bank open databases are available through the World Bank's website data.worldbank.org. The Little Data Book on External Debt 2011 provides a quick reference to the data from GDF 2011. For more information on the GDF database, visit http://data.worldbank.org/data-catalog. Global Development Finance 2011: External Debt of Developing Countries is unique in its coverage of the important trends and issues fundamental to the financing of the developing world. This report is an indispensible resource for governments, economists, investors, financial consultants, academics, bankers, and the entire development community
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  • 145
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    Washington, D.C : The World Bank
    ISBN: 9780821385111
    Sprache: Englisch
    Seiten: Online-Ressource (264 p)
    Ausgabe: 2010 World Bank eLibrary
    Kurzfassung: The Migration and Remittances Factbook 2011 updates the 2008 edition of the Factbook with additional data for 71 countries collected from various sources, including national censuses, labor force surveys, population registers, and other national sources. The Factbook attempts to present numbers and facts behind the stories of international migration and remittances, drawing on authoritative, publicly available data. It provides a snapshot of statistics on immigration, emigration, skilled emigration, and remittance flows for 210 countries and 15 regional and income groups. Some interesting facts emerge: More than 215 million people, or 3 percent of the world population, live outside their countries of birth. Current migration flows, relative to population, are weaker than those of the last decades of the nineteenth century. The top migrant destination countries are the United States, the Russian Federation, Germany, Saudi Arabia, and Canada. The top immigration countries, relative to population, are Qatar (87 percent), the United Arab Emirates (70 percent), Kuwait (69 percent), Andorra (64 percent), Cayman Islands (63 percent), and Northern Mariana Islands (62 percent). The United States is likely to have seen the largest inflows of migrants between 2005 and 2010, despite the global financial crisis. The expansion of the European Union led to a surge of migrant flows to Spain, Italy, and the United Kingdom, with a large share from Eastern Europe. The six Gulf Cooperation Council countries (Saudi Arabia, United Arab Emirates, Bahrain, Qatar, Oman, and Kuwait) have also seen a significant increase in migrant flows in the last few years, mostly from South Asia and East Asia. However, immigrant stocks in all regions started to plateau in 2009-10 because of the global financial crisis. The volume of South-South migration is larger than migration from the South to the high-income countries belonging to the Organization of Economic Cooperation and Development (OECD). High-income non-OECD countries such as the Gulf countries are also major destinations for migrants from the South. South-South migration is significantly larger than South-North migration in Sub-Saharan Africa (73 percent) and Europe and Central Asia (61 percent). According to available official data, the Mexico-United States corridor is the largest migration corridor in the world, accounting for 11.6 million migrants in 2010. Migration corridors in the Former Soviet Union - Russia-Ukraine, and Ukrain ...
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  • 146
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    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (21 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Barrett, Scott Contrasting Future Paths for An Evolving Global Climate Regime
    Kurzfassung: This paper explores two different conceptions of how an emerging climate regime might evolve to strengthen incentives for more vigorous cooperation in mitigating global climate change. One is the paradigm that has figured most prominently in negotiations to this point: the establishment of targets and timetables for countries to limit their aggregate greenhouse gas emissions. The other approach consists of a variety of loosely coordinated smaller scale agreements, each one of which addresses a different aspect of the challenge, and is enforced in its own way. The primary conclusion is that an agreement of the first type may be more cost-effective, but that a system of agreements of the second type would likely sustain more abatement overall
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  • 147
    Sprache: Englisch
    Seiten: Online-Ressource (29 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Verner, Dorte Social Impacts of Climate Change in Chile
    Kurzfassung: This paper uses municipality level data to estimate the general relationship between climate, income, and life expectancy in Chile. The analysis finds that incomes are negatively related to temperature, while life expectancy is not significantly related to average temperatures. Both incomes and life expectancy are greater in areas with either very little rain or a lot of rain. The authors use the estimated relationships to simulate the effects of both past (1958-08) and future (2008-58) climate change. The findings indicate that past climate change has been favorable for the central, and most populous, part of Chile, and it has contributed to reduced poverty and reduced inequality of health outcomes. Whereas temperatures in the past have shown a downward trend for most of the Chilean population, climate models suggest that they will increase in the future, and that there will be a reduction in precipitation in the central part of Chile. The analysis simulates the likely effects of these projected climate changes over the next 50 years. The findings suggest that expected future climate will tend to reduce incomes across the whole country, with an average reduction of about 7 percent, all other things equal
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  • 148
    Sprache: Englisch
    Seiten: Online-Ressource (75 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Delmon, Jeffrey Understanding Options for Public-Private Partnerships in Infrastructure
    Kurzfassung: This paper provides a methodology for categorizing public-private partnerships in infrastructure, based on the following key characteristics: whether the project involves new or existing business, the nature of the private sector’s construction obligations, the need for the private sector to mobilize significant private funding ab initio, the nature of the private sector’s service delivery obligations, and the source of the project revenue stream. The purpose of this methodology is to facilitate mapping, referencing, cross-comparison, analytical studies, and descriptions of public-private partnerships in infrastructure projects with similar key characteristics across sector, commercial, regional, and geopolitical lines. The methodology is tested against 15 case studies representing different infrastructure sectors, regional applications, and commercial approaches to public-private partnerships
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  • 149
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    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (76 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Odawara, Rei Infrastructure and Economic Growth in Egypt
    Kurzfassung: In the past half a century, Egypt has experienced remarkable progress in the provision of infrastructure in all areas, including transportation, telecommunication, power generation, and water and sanitation. Judging from an international perspective, Egypt has achieved an infrastructure status that closely corresponds to what could be expected given its national income level. The present infrastructure status is the result of decades of purposeful investment. In the past 15 years, however, a worrisome trend has emerged: Infrastructure investment has suffered a substantial decline, which may be at odds with the country’s goals of raising economic growth. Improving infrastructure in Egypt would require a combination of larger infrastructure expenditures and more efficient investment. The analysis provided in this paper suggests that an increase in infrastructure expenditures from 5 to 6 percent of gross domestic product would raise the annual per capita growth rate of gross domestic product by about 0.5 percentage points in a decade’s time and 1 percentage point by the third decade. If the increase in infrastructure investment did not imply a heavier government burden (for instance, by cutting down on inefficient expenditures), the corresponding increase in growth of per capita gross domestic product would be substantially larger, in fact twice as large by the end of the first decade. This highlights the importance of considering renewed infrastructure investment in the larger context of public sector reform
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  • 150
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    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (30 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Nielsen, Hannah Potential Benefits and Risks of Increased Aid Flows To Burundi
    Kurzfassung: Burundi has experienced a significant increase in aid flows in recent years. Currently, about half of the budget is funded by aid, mostly grants. The high external assistance has, however, not yet translated into high and sustainable growth rates. This paper analyzes (i) the policy response of the government to the aid surge and its impact on macroeconomic variables; and (ii) the allocation of external assistance and its implications for growth. Since not all aid affects economic development in the same way, aid disbursements are disaggregated by sector as well as by their lag in impacting growth. The analysis shows that Burundi has mostly spent and absorbed increased aid flows, but has until now not suffered significantly from the possible negative effects of an appreciating exchange rate and the related loss of competitiveness, but the possibility of a Dutch disease effect remains a risk. The country’s low growth performance, despite high aid inflows, is not necessarily a sign that aid is ineffective or exceeding Burundi’s absorptive capacity. It reflects that a large share of aid has been allocated to either humanitarian and emergency aid or long-run growth enhancing sectors. Therefore, the lagged impact of aid on economic growth is not yet visible. Furthermore, the composition of the domestically financed budget is biased toward recurrent spending, and therefore not directly growth enhancing. In addition, low and often unpredictable aid disbursement ratios aggravate the bias away from investment and toward government consumption. To boost short-term growth, the share of aid allocated to productive sectors, such as agriculture and the supporting infrastructure, needs to be increased. Firm commitments and timely disbursements of aid by donors are essential and the Government of Burundi needs to strengthen its capacity and mechanisms for donor coordination
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  • 151
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    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (47 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Tinajero, Monica Mexico
    Kurzfassung: Unlike social programs targeting individuals, few enterprise support programs have been rigorously evaluated, and existing evaluations have mostly been done in high-income countries such as the United States and Europe. Mexico spends a large share of government resources on small and medium enterprise programs each year. How effective these programs have been in achieving their objectives is unclear. In Mexico, impact evaluations of small and medium enterprise programs are rare, and most are qualitative in nature. This is the first paper evaluating these programs in Mexico using firm-level panel data. The continuous and ten-year panel data - from the 1994-2005 period - allow the authors to address selectivity bias and unobserved firm heterogeneity by applying a generalization of differences-in-differences models combined with propensity score matching methods. This study finds evidence that participation in small and medium enterprise programs is associated with improvements in key variables such as value added, gross production, and wages. Furthermore, the study finds evidence that some of the positive effects can take several years to realize. The results also call for streamlining and greater efficiency in Mexico's small and medium enterprise programs
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  • 152
    Sprache: Englisch
    Seiten: Online-Ressource (35 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Ng, Francis Bosnia and Herzegovina's Surprising Export Performance
    Kurzfassung: Bosnia and Herzegovina's industrial restructuring, as seen through the lenses of foreign trade performance and its sustainability, has taken off. Bosnia and Herzegovina’s exports have displayed strong dynamics outstripping the pace of growth of exports in almost each year over 1997-2007 combined with the shift to higher value added exportables. Although its performance during the period 1996-2000 following the end of war in late 1995 was not surprising, given relatively low foreign direct investment inflows and weaknesses in the investment climate, its subsequent export performance has come as a surprise. Industrial restructuring, as revealed in the pattern of exports, consisted in rebuilding and modernizing the pre-independence industrial base built around wood products, metalworking, clothing, and automotive products. Although exports still remain relatively low in terms of both per capita and gross domestic product in comparison with other Balkan economies, there has been significant change in their composition, indicating a growing presence of more processed manufactures and the participation of local firms in global networks of production and distribution, mostly as independent suppliers. Firms with foreign participation have been one of the levers of export upgrading and expansion. The dominance of joint ventures as a mode of entry of foreign capital is worrisome for two reasons: first, domestic firms may not have access to the most recent technologies and knowhow; and second, it is always indicative of weaknesses of a domestic economic regime. This also raises concerns about the future sustainability of export performance
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  • 153
    Sprache: Englisch
    Seiten: Online-Ressource (117 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Escribano, Alvaro Assessing the Impact of Infrastructure Quality On Firm Productivity in Africa
    Kurzfassung: This paper provides a systematic, empirical assessment of the impact of infrastructure quality on the total factor productivity (TFP) of African manufacturing firms. This measure is understood to include quality in the provision of customs clearance, energy, water, sanitation, transportation, telecommunications, and information and communications technology (ICT). Microeconometric techniques to investment climate surveys (ICSs) of 26 African countries are carried out in different years during the period 2002-6, making country-specific evaluations of the impact of investment climate (IC) quality on aggregate TFP, average TFP, and allocative efficiency. For each country the impact is evaluated based on 10 different productivity measures. Results are robust once controlled for observable fixed effects (red tape, corruption and crime, finance, innovation and labor skills, etc.) obtained from the ICSs. African countries are ranked according to several indices: per capita income, ease of doing business, firm perceptions of growth bottlenecks, and the concept of demeaned productivity (Olley and Pakes 1996). The countries are divided into two blocks: high-income-growth and low-income-growth. Infrastructure quality has a low impact on TFP in countries of the first block and a high (negative) impact in countries of the second. There is significant heterogeneity in the individual infrastructure elements affecting countries from both blocks. Poor-quality electricity provision affects mainly poor countries, whereas problems dealing with customs while importing or exporting affects mainly faster-growing countries. Losses from transport interruptions affect mainly slower-growing countries. Water outages affect mainly slower-growing countries. There is also some heterogeneity among countries in the infrastructure determinants of the allocative efficiency of African firms
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  • 154
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    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (32 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Caprio, Gerard, Jr Safe and Sound Banking
    Kurzfassung: Most explanations of the crisis of 2007-2009 emphasize the role of the preceding boom in real estate and asset markets in a variety of advanced countries. As a result, an idea that is gaining support among various groups is how to make Basel II or any regulatory regime less pro-cyclical. This paper addresses the rationale for and likely contribution of such policies. Making provisioning (or capital) requirements countercyclical is one way potentially to address pro-cyclicality, and accordingly it looks at the efforts of the authorities in Spain and Colombia, two countries in which countercyclical provisioning has been tried, to see what the track record has been. As explained there, these experiments have been at best too recent and limited to put much weight on them, but they are much less favorable for supporting this practice than is commonly admitted. The paper then addresses concerns and implementation issues with countercyclical capital or provisioning requirements, including why their impact might be expected to be limited, and concludes with recommendations for developing country officials who want to learn how to make their financial systems less exposed to crises
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  • 155
    Sprache: Englisch
    Seiten: Online-Ressource (36 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Laborde, David Formulas and Flexibility in Trade Negotiations
    Kurzfassung: Many trade negotiations involve large cuts in high tariffs, with flexibilities allowing much smaller cuts for an agreed number of politically-sensitive products. The effects of these flexibilities on market access opportunities are difficult to predict, creating particular problems for developing countries in assessing whether to support a proposed agreement. Some widely-used ad hoc approaches to identifying likely sensitive products - such as the highest-bound-tariff rule - suggest that the impacts of a limited number of such exceptions on average tariffs and on market access are likely to be minor. This paper uses a rigorous specification based on the apparent objectives of policy makers in setting the pre-negotiation tariff. Applying this approach with detailed data allows the authors to assess the implications of sensitive-product provisions for average agricultural tariffs, economic welfare, and market access under the Doha negotiations. The authors conclude that highest-tariff rules are likely to seriously underestimate the impacts on average tariffs, and that treating even 2 percent of tariff lines as sensitive is likely to have a sharply adverse impact on economic welfare. The impacts on market access are also adverse, but much smaller, perhaps reflecting the mercantilist focus of the negotiating process
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  • 156
    Sprache: Englisch
    Seiten: Online-Ressource (27 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Farooki, Masuma What are the Implications for Global Value Chains When the Market Shifts From the North to the South ?
    Kurzfassung: Rapid growth in many low-income economies was fuelled by the insertion of producers into global value chains feeding into high-income northern markets. This paper charts the evolution of financial and economic crisis in the global economy and argues that the likely outcome will be sustained growth in the two very large Asian Driver economies of China and India and stagnation in the historically dominant northern economies. Given the nature of demand in low-income southern economies, it is likely to be reflected in sustained demand for commodities, with other southern economy producers in global value chains being forced into lower levels of value added. Standards are likely to be of considerably reduced significance in value chains feeding into China and India
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  • 157
    Sprache: Englisch
    Seiten: Online-Ressource (32 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Miller, Sebastian Climate Cost Uncertainty, Retrofit Cost Uncertainty, and Infrastructure Closedown
    Kurzfassung: Large and energy-intensive infrastructure investments with long life times have substantial implications for climate policy. This study focuses on options to scale down energy consumption and carbon emissions now and in the future, and on the costs of doing so. Two ways carbon emissions can be reduced post-investment include retrofitting the infrastructure, or closing it down. Generally, the presence of bulky infrastructure investments makes it more costly to reduce emissions later. Moreover, when expected energy and environmental costs are continually rising, inherent biases in the selection processes for infrastructure investments lead to excessive energy intensity in such investments. Thus great care must be taken when choosing the energy intensity of the infrastructure at the time of investment. Simulations indicate that optimally exercising the retrofit option, when it is available, reduces ex ante expected energy consumption relative to the no-option case. Total energy plus retrofit costs can also be substantially reduced, the more so the larger is ex ante cost uncertainty. However, the availability of the retrofit option also leads to a more energy intensive initial infrastructure choice; this offsets some, but usually not all, of the gains from options for subsequent retrofitting
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  • 158
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    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (31 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Simler, Kenneth R The Short-Term Impact of Higher Food Prices On Poverty in Uganda
    Kurzfassung: World prices for staple foods increased between 2006 and 2008, and accelerated sharply in 2008. Initial analysis indicated that the adverse effects of higher food prices in Uganda were likely to be small because of the diversity of its staple foods, high level of food self-sufficiency, and weak links with world markets. This paper extends the previous analyses, disaggregating by regions and individual food items, using more recent price data, and estimating the impact on consumption poverty. The analysis finds that poor households in Uganda tend to be net buyers of food staples, and therefore suffer welfare losses when food prices increase. This is most pronounced in urban areas, but holds true for most rural households as well. The diversity of staple foods has not been an effective buffer because of price increases across a range of staple foods. The paper estimates that both the incidence and depth of poverty have increased - at least in the short run - as a result of higher food prices in 2008, increasing by 2.6 and 2.2 percentage points, respectively. The increase in poverty is highest in the Northern region, which is already the poorest in Uganda. The need for mitigating social protection measures appears to be greater than previously recognized. Not only are the negative impacts larger, but they are also much more widespread geographically. This suggests the need for continued close monitoring of the situation, including monitoring the adequacy of existing safety nets and feeding programs
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  • 159
    Sprache: Englisch
    Seiten: Online-Ressource (42 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Hallward-Driemeier, Mary The Impact of the Investment Climate On Employment Growth
    Kurzfassung: Using survey data from 86,000 enterprises in 104 countries, including 17,000 enterprises in 31 Sub-Saharan African countries, this paper finds that average enterprise-level employment growth rates are remarkably similar across regions. This is true despite significant differences in the quality of the investment climate in which these enterprises operate. Objective measures of investment climate conditions (including the number of outages, the share of firms with bank loans, and others) indicate that conditions are most challenging within Sub-Saharan Africa, as well as for smaller enterprises. However, enterprises’ employment in Sub-Saharan Africa is less sensitive to changes in access to infrastructure and finance relative to other low-income regions. This can be understood by looking at non-linear effects by firm size - and the finding that these size effects are particularly strong within Sub-Saharan Africa. Although unreliable infrastructure services and inadequate access to finance generally hamper growth, in Sub-Saharan Africa they are actually associated with higher employment growth rates among micro enterprises. Although employment growth is good news in Sub-Saharan Africa, that much of the expanded employment is in small, labor-intensive, less productive enterprises raises longer-run concerns about the efficiency of the allocation of resources and aggregate productivity growth in the region
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  • 160
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    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (29 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Ravallion, Martin Price Levels and Economic Growth
    Kurzfassung: To the surprise of many observers, the 2005 International Comparison Program (ICP) found substantially higher purchasing power parity (PPP) rates, relative to market exchange rates, in most developing countries. For example, China’s price level index - the ratio of its PPP to its exchange rate - doubled between the 1993 and 2005 rounds of the ICP. The paper tries to explain the observed changes in PPPs. Consistently with the Balassa-Samuelson model, evidence is found of a "dynamic Penn effect," whereby more rapidly growing economies experience steeper increases in their price level index. This effect has been even stronger for initially poorer countries. Thus the widely-observed static (cross-sectional) Penn effect has been attenuated over time. On also taking account of exchange rate changes and prior participation in the ICP’s price surveys, 99 percent of the variance in the observed changes in PPPs is explicable. Using a nested test, the World Bank’s longstanding method of extrapolating PPPs between ICP rounds using inflation rates alone is out performed by the model proposed in this paper
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  • 161
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    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (28 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Nikitin, Denis A Closer Look At Child Mortality Among Adivasis in India
    Kurzfassung: The authors use data from the National Family Health Survey 2005 to present age-specific patterns of child mortality among India's tribal (Adivasi) population. The analysis shows three clear findings. First, a disproportionately high number of child deaths are concentrated among Adivasis, especially in the 1-5 age group and in those states and districts where there is a high concentration of Adivasis. Any effort to reduce child morality in the aggregate will have to focus more squarely on lowering mortality among the Adivasis. Second, the gap in mortality between Adivasi children and the rest really appears after the age of one. In fact, before the age of one, tribal children face more or less similar odds of dying as other children. However, these odds significantly reverse later. This calls for a shift in attention from infant mortality or in general under-five mortality to factors that cause a wedge between tribal children and the rest between the ages of one and five. Third, the analysis goes contrary to the conventional narrative of poverty being the primary factor driving differences between mortality outcomes. Instead, the authors find that breaking down child mortality by age leads to a much more refined picture. Tribal status is significant even after controlling for wealth
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  • 162
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    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (35 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Cusolito, Ana Corporate Governance and Public Corruption
    Kurzfassung: Corporate governance in the private sector and corruption are important for economic development and private sector development. This paper investigates how corporate governance in private-sector media companies can affect public corruption. The analytical framework, based on models of corporate governance, identifies two channels through which media ownership concentration affects corruption: an owner effect, which discourages corruption and a competition-for-control effect that enhances it. When the ownership structure of a newspaper has a majority shareholder, the first effect dominates and corruption decreases as ownership becomes more concentrated in the hands of majority shareholders. Without majority shareholders, the competition-for-control effect dominates and corruption increases with the concentration of ownership of the media company. Thus, the paper shows that cases of intermediate media-ownership concentration are the worst at promoting public accountability, while extreme situations, where the ownership is completely concentrated or widely held, can result in similar and lower levels of corruption
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  • 163
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (25 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Wagstaff, Adam Benefit Incidence Analysis
    Kurzfassung: It is generally accepted that government health expenditures should disproportionately benefit the poor. And yet in most developing countries the opposite is the case. This paper examines the implications of a central assumption of benefit incidence analysis, namely that the unit cost of a government-provided service bears no relation to the out-of-pocket payments paid by the patient. It argues that a more plausible assumption is that larger out-of-pocket payments for a given unit of utilization reflect more (or more costly) services being delivered. The paper compares - theoretically and empirically - the standard constant-cost assumption with two alternatives, namely that the cost of care in a specific episode of utilization is (a) proportional to or (b) linearly related to the amount of money paid out-of-pocket by the patient. An interesting special case of the linear relationship is where subsidies are focused on a basic unit of care and additional costs are met dollar-for-dollar by additional fees. The paper shows that if fees are more pro-rich than utilization, government spending will be least pro-rich under the constant-cost assumption and most pro-rich under the proportionality assumption. The linear assumption results in a concentration index for subsidies that lies between these two extremes. These results are borne out in an analysis of the incidence of government health spending in Vietnam (a country where fees are more pro-rich than utilization); indeed, under the constant-cost assumption, subsidies are pro-poor while they are pro-rich under the proportionality assumption. The paper also considers the biases created by not allowing for insurance reimbursements
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  • 164
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    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (52 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Nallari, Raj Of Floods and Droughts
    Kurzfassung: This paper provides an overview of the period prior to the recent global crisis, and the policies that were adopted around the world in response to the crisis. It highlights a number of key issues regarding economic and financial policies that governments have faced both globally and nationally. These are related to the management of boom and bust episodes that deserve more attention in policy circles in the future
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  • 165
    Sprache: Englisch
    Seiten: Online-Ressource (24 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Larson, Donald F Will the Clean Development Mechanism Mobilize Anticipated Levels of Mitigation ?
    Kurzfassung: Under the Kyoto Protocol, developed countries can only tap mitigation opportunities in developing countries by investing in projects under the Clean Development Mechanism. Yet Clean Development Mechanism investments have so far failed to reach many of the high-potential sectors identified by the Intergovernmental Panel on Climate Change. This raises doubts about whether the Clean Development Mechanism can generate an adequate supply of credits from the limited areas where it has proved successful. This paper examines the current trajectory of mitigation projects entering the Clean Development Mechanism pipeline and projects it forward under the assumption that the diffusion of the Clean Development Mechanism will follow a path similar to other innovations. Projections are then compared with pre-Clean Development Mechanism predictions of the mechanism’s potential market size to discern whether limits on the types of projects entering the pipeline have limited the expected supply of certified emission reductions. Parameter tests suggest that this is not the case and that currently identified Clean Development Mechanism investments will generate offsets in excess of early model predictions. In particular, under favorable circumstances, the mechanism is on track to deliver an average annual flow of roughly 700 million certified emission reductions by the close of 2012 and nearly to 1,100 million certified emission reductions by 2020
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  • 166
    Sprache: Englisch
    Seiten: Online-Ressource (30 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Woolcock, Michael Using Mixed Methods in Monitoring and Evaluation
    Kurzfassung: This paper provides an overview of the various ways in which mixing qualitative and quantitative methods could add value to monitoring and evaluating development projects. In particular it examines how qualitative methods could address some of the limitations of randomized trials and other quantitative impact evaluation methods; it also explores the importance of examining "process" in addition to "impact", distinguishing design from implementation failures, and the value of mixed methods in the real-time monitoring of projects. It concludes by suggesting topics for future research - including the use of mixed methods in constructing counterfactuals, and in conducting reasonable evaluations within severe time and budget constraints
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  • 167
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (18 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Kenny, Charles Publishing Construction Contracts and Outcome Details
    Kurzfassung: Construction governance failures can lead to the construction of the wrong infrastructure, poor quality construction, and excessively high prices for work. There is some evidence from both other sectors and the construction sector itself that improved transparency, especially when combined with oversight, can improve development outcomes through its impact on the quality of governance. This paper reviews that evidence, discusses costs and benefits of greater transparency in particular with regard to the contracting and delivery process in construction, and briefly discusses an initiative to improve governance in public construction - the Construction Sector Transparency Initiative
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  • 168
    Sprache: Englisch
    Seiten: Online-Ressource (59 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Essama-Nssah, B A Counterfactual Analysis of the Poverty Impact of Economic Growth in Cameroon
    Kurzfassung: The Government of Cameroon has declared poverty reduction through strong and sustainable economic growth the central objective of its socioeconomic policy. This paper uses available household survey data to assess the performance of the economy with respect to this objective over the period 1996-2007. The authors use counterfactual decompositions based on both the Shapley method and the generalized Oaxaca-Blinder framework to identify proximate factors that might explain differences in observed outcomes over time, across regions and households. The concept of pro-poorness provides a basis for a normative evaluation of these outcomes. The analysis of changes in the size distribution of economic welfare reveals that formal sector employment, access to credit, education, and urban residence are characteristics that bring significantly high returns to households. Employment in smallholder agriculture has a negative impact on welfare across quantiles. Economic growth was accompanied by significant poverty reduction between 1996 and 2001. But poverty barely decreased between 2001 and 2007 due to very weak growth. Over the same period, household investment in human capital took a serious hit. Given the additional finding that the pattern of growth is characterized by urban bias and regional disparity, the overall assessment is that economic growth has been weakly pro-poor in Cameroon. There is therefore a need to re-examine and possibly reform the mechanisms governing the allocation of public resources designed to support individuals' efforts to improve their standard of living
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  • 169
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (47 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Hasan, Amer Time Allocation in Rural Households
    Kurzfassung: Conditional cash transfers are being heralded as effective tools against the intergenerational transmission of poverty. There is substantial evidence on the positive effects of these transfers. Analysts are only now beginning to investigate the indirect effects these programs generate. This paper examines the effect of a gender-targeted conditional cash transfer program on the time allocation of mothers in rural program-eligible households. Using a fixed effects difference-in-differences estimator, the author finds that program eligibility is associated with an increase of 120 minutes of housework per typical school day by mothers of eligible children in the stipend district when compared with mothers of eligible children in the non-stipend district. There is a 100-minute reduction in the amount of time mothers report spending on children’s needs. The intent-to-treat effect of the program suggests no change in the amount of time spent on paid work or sleep
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  • 170
    Sprache: Englisch
    Seiten: Online-Ressource (45 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Moreira, Emmanuel Pinto Aid for Trade, Infrastructure, and the Growth Effects of Trade Reform
    Kurzfassung: This paper examines how aid-for-trade programs can help to magnify the growth benefits that developing countries can reap from trade reform and global integration, with a special emphasis on the Caribbean region. The first part discusses various rationales for trade-related aid, viewed both as a compensatory scheme (aimed at cushioning the impact of revenue cuts and adjustment costs) and a promotion scheme (aimed at alleviating supply-side constraints). In the latter case, particular attention is paid to the role of infrastructure as a constraining factor on trade expansion. The second part discusses the relevance of aid-for-trade arguments for Caribbean countries and identifies a number of specific issues for the region. The third part illustrates the potential growth effects of aid-for-trade programs with simulation results for the Dominican Republic - a country where infrastructure indicators remain relatively weak. The results illustrate the potentially large growth benefits that a temporary and well-targeted aid-for-trade program can provide to countries of the region
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  • 171
    Sprache: Englisch
    Seiten: Online-Ressource (69 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Hess, Sebastian A Preliminary Analysis of the Impact of A Ukraine-EU Free Trade Agreement On Agriculture
    Kurzfassung: Agriculture including food products is of particular interest for Ukraine. However, in free trade agreements involving the European Union, agriculture is always given special treatment and subject to less and slower liberalization than other sectors. This paper employs the standard Global Trade Analysis Project model in order to assess how World Trade Organization accession affects agriculture in Ukraine, and how potential bilateral tariff cuts may interact with potential productivity gains within Ukrainian agriculture. The results indicate that, due to trade liberalization, Ukraine can expect gains from a more efficient allocation of its resources in line with comparative advantage, leading to an increase of production and exports of wheat, other grains, and oilseeds, but also of several processed food products that benefit from less expensive intermediate inputs. However, Ukraine's exports are concentrated on a small number of destinations, especially Russia and some other Former Soviet Union countries because they fail to meet quality standards elsewhere. When Ukrainian production of these products increases due to increased allocative efficiency, exports to Russia increase further and prices there fall, generating negative terms of trade effects that largely offset the allocative gains. Ukrainian imports of agricultural products increase as well, partly because Ukrainian consumers switch to higher quality imported goods even though domestic production increases. Regarding free trade agreement negotiations with the European Union, these results highlight for Ukraine the fact that improved agricultural productivity will help to get most out of improved market access. However, the results also highlight for Ukraine the great importance of adopting internationally accepted quality standards in order to diversify its export structure
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  • 172
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (44 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Woodruff, Christopher Enterprise Recovery Following Natural Disasters
    Kurzfassung: Using data from surveys of enterprises in Sri Lanka after the December 2004 tsunami, the authors undertake the first microeconomic study of the recovery of the private firms in a developing country following a major natural disaster. Disaster recovery in low-income countries is characterized by the prevalence of relief aid rather than of insurance payments; the data show this distinction has important consequences. The data indicate that aid provided directly to households correlates reasonably well with reported losses of household assets, but is uncorrelated with reported losses of business assets. Business recovery is found to be slower than commonly assumed, with disaster-affected enterprises lagging behind unaffected comparable firms more than three years after the disaster. Using data from random cash grants provided by the project, the paper shows that direct aid is more important in the recovery of enterprises operating in the retail sector than for those operating in the manufacturing and service sectors
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  • 173
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (25 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Ackah, Charles Internal Migration in Ghana
    Kurzfassung: Using a recently compiled dataset on migration and remittances in Ghana, this paper estimates the determinants of an individual’s likelihood to be an internal migrant and the relationship between internal migration and welfare. The analysis finds that the likelihood to migrate is determined by a combination of individual (pull) and community-level (push) characteristics. The probability of migration is higher for younger and more educated individuals, but communities with higher levels of literacy, higher rates of subsidized medical care, and better access to water and sanitation are less likely to produce migrants. The analysis finds that households with migrants tend to be better off than similar households without migrants, even after controlling for the fact that households with migrants are a non-random sample of Ghanaians. However, the positive relationship is only true for households with at least one migrant in urban areas; the welfare of households with migrants exclusively in rural areas is no different from households without any migrants
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  • 174
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (38 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Gunther, Isabel Water, Sanitation and Children's Health
    Kurzfassung: This paper combines 172 Demography and Health Survey data sets from 70 countries to estimate the effect of water and sanitation on child mortality and morbidity. The results show a robust association between access to water and sanitation technologies and both child morbidity and child mortality. The point estimates imply, depending on the technology level and the sub-region chosen, that water and sanitation infrastructure lowers the odds of children to suffering from diarrhea by 7-17 percent, and reduces the mortality risk for children under the age of five by about 5-20 percent. The effects seem largest for modern sanitation technologies and least significant for basic water supply. The authors also find evidence for the Mills-Reincke Multiplier for both water and sanitation access as well as positive health externalities for sanitation investments. The overall magnitude of the estimated effects appears smaller than coefficients reported in meta-studies based on randomized field trials, suggesting limits to the scalability and sustainability of the health benefits associated with water and sanitation interventions
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  • 175
    Sprache: Englisch
    Seiten: Online-Ressource (42 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Gereffi, Gary The Global Apparel Value Chain, Trade and the Crisis
    Kurzfassung: This paper examines the impact of two crises on the global apparel value chain: the World Trade Organization phase-out of the quota system for textiles and apparel in 2005, which provided access for many poor and small export-oriented economies to the markets of industrialized countries, and the current economic recession that has lowered demand for apparel exports and led to massive unemployment across the industry’s supply chain. An overarching trend has been the process of global consolidation, whereby leading apparel suppliers (countries and firms alike) have strengthened their positions in the industry. On the country side, China has been the big winner, although Bangladesh, India, and Vietnam have also continued to expand their roles in the industry. On the firm side, the quota phase-out and economic recession have accelerated the ongoing shift to more streamlined global supply chains, in which lead firms desire to work with fewer, larger, and more capable suppliers that are strategically located around the world. The paper concludes with recommendations for how developing countries as well as textile and apparel suppliers can adjust to the crisis
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  • 176
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (32 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Dijkman, Miquel A Framework for Assessing Systemic Risk
    Kurzfassung: When faced with financial crises, authorities worldwide tend to respond aggressively with public support measures. Given the adverse impact on moral hazard and market discipline, support measures involving public money are ideally limited to crisis situations involving systemic risk: a disturbance in the financial system that is serious enough to affect the real economy. This note sets out the main characteristics of a systemic risk assessment framework: a simple analytical framework that can be used by authorities with financial crisis management responsibilities in times of financial crisis to assess the extent to which that particular crisis situation poses systemic risk
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  • 177
    Sprache: Englisch
    Seiten: Online-Ressource (29 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Gutierrez, Catalina Understanding the Impact of Economic Shocks On Labor Market Outcomes in Developing Countries
    Kurzfassung: In this paper the authors use a search and matching model of multi-sector labor markets, to understand the channels through which economic shocks affect labor market outcomes in developing countries. In the model workers can be employed in agriculture, formal or informal urban jobs, or unemployed. Economic shocks are manifested as either increased turbulence in the formal/informal sectors or a decrease in overall sectoral productivity. By calibrating the model to Indonesia and Mexico, the authors are able to understand how the 1998 Indonesian crisis and the 2001 Mexican recession translated into labor market outcomes. They then venture to simulate how the current financial crisis might affect the allocation of labor and earnings across sectors, in these countries. The results suggest that in both countries past crises have increased the degree of turbulence of the formal sector, increasing job destruction. However, while in Indonesia the crisis affected the overall formal sector productivity, this was not the case in Mexico. This explains the larger blow to formal wages - relative to the size of the shock- witnessed by Indonesian workers. The response of the informal sector was also different: In both countries the informal sector was able to act as a buffer, as relative earnings increased. However, while in Mexico it became much harder to find informal sector opportunities and easier to keep the job once found; in Indonesia turbulence in the informal sector increased substantially increasing the job destruction rate of informal jobs and limiting the cushioning role that the informal sector might have played. The agricultural sector was spared from the shock in both countries. In Indonesia, it actually benefited from an unusual exogenous increase in the price of rise. The simulations show that if either the informal or agricultural sectors are spared from the shocks, large reallocations of labor might occur, and the overall effect of the shock is smaller. Instead, if these sectors can’t buffer the shock, the reallocation of labor is much smaller, but earnings in the formal sector drop substantially. The authors also explore the impact of alternative policies. They find that in relatively flexible markets where informality can be seen more as a choice rather than as queuing, unemployment benefits and informal employment subsidies may have paradoxical effects, by discouraging formal search. Instead, policies targeted at creating informal employment and boo ...
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  • 178
    Sprache: Englisch
    Seiten: Online-Ressource (26 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Le, Tuan Minh Increasing Public Expenditure Efficiency in Oil-Rich Economies
    Kurzfassung: This paper proposes that, to increase the efficiency of public spending in oil-rich economies, some or all of the oil revenues be transferred to citizens, and fiscal instruments such as taxation be used to finance public expenditures. The authors develop the case as follows. First, they confirm the well-known result that public-expenditure efficiency is lower in oil-rich countries compared with other developing countries. Second, they show that this efficiency gap is associated with differences in accountability to citizens of government's spending decisions. They find that various measures of accountability are systematically weaker in oil-rich countries. They attribute this difference to the fact that oil revenues typically accrue directly to the government, unlike tax revenues, which pass through the hands of citizens. Third, they show that, controlling for a number of factors, accountability is stronger in countries that rely more on direct taxation to finance public spending. They conclude that accountability, and hence public expenditure efficiency, can be increased by transferring oil revenues to citizens and then taxing them to finance public spending. The paper reviews existing schemes that redistribute oil revenues to the population, such as the Alaska Citizen Fund, to assess the feasibility of a modest proposal in African countries. The authors conclude that, while it may be difficult to implement such a proposal in existing oil producers, there is scope for introducing it in some of Africa's new oil producers
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  • 179
    Sprache: Englisch
    Seiten: Online-Ressource (23 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Strand, Jon Inertia in Infrastructure Development
    Kurzfassung: This paper uses some simple conceptual models to draw out various implications of infrastructure investments with long lifetimes for the ability of societies to reduce their future greenhouse gas emissions. A broad range of such investments, related both to energy supply and demand systems, may commit societies to high and persistent levels of greenhouse gas emissions over time, that are difficult and costly to change once the investments have been sunk. There are, the author argues, several strong reasons to expect the greenhouse gas emissions embedded in such investments to be excessive. One is that infrastructure investment decisions tend to be made on the basis of (current and expected future) emissions prices that do not fully reflect the social costs of greenhouse gas emissions resulting from the investments. A second, related, set of reasons are excessive discounting of future project costs and benefits including future climate damages, and a too-short planning horizon for infrastructure investors. These issues are illustrated for two alternative cases of climate damages, namely with the possibility of a "climate catastrophe," and with a sustained increase in the marginal global damage cost of greenhouse gas emissions
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  • 180
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (20 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Schiff, Maurice Small State Regional Cooperation, South-South and South-North Migration, and International Trade
    Kurzfassung: This paper provides a different basis than previous analyses for regional bloc formation and regional migration. Due to low bargaining power and fixed costs, small states face a severe disadvantage in negotiations with the rest of the world and might benefit by forming a regional bloc. The study a) presents a general equilibrium model where bargaining power, international and regional negotiation costs, number of issues negotiated, and accession rule to the bloc determine its size and welfare impact; and b) examines the impact of international migration as well as the migration-trade relationship. The main findings are: i) the likelihood of regional bloc formation, its size and welfare impact, increases with international negotiation costs and the number of issues negotiated, and decreases with regional negotiation costs; ii) bloc size is optimal (below the optimum) if an accession fee is (is not) charged; iii) South-South migration raises bloc size and welfare; iv) South-South migration and trade are complements under market access negotiations and are substitutes under negotiations for unilateral transfers as well as under migrant remittances; and v) South-North migration and bloc formation, and South-North and South-South migration, are substitutes for the states that benefit from membership in the bloc
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  • 181
    Sprache: Englisch
    Seiten: Online-Ressource (32 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Hourcade, Jean-Charles Thirty-Five Years of Long-Run Energy Forecasting
    Kurzfassung: This paper sheds light on an implicit dimension of the climate policy debate: the extent to which supply-side response (emission-reducing energy technologies) may substitute for the transformation of consumption behavior and thus help get around the political difficulties surrounding such behavioral transformation. The paper performs a meta-review of long-term energy forecasts since the end of the 1960s in order to put in perspective the controversies around technological optimism about the potential for cheap, large-scale, carbon-free energy production. This retrospective analysis encompasses 116 scenarios conducted over 36 years and analyzes their predictions for a) fossil fuels, b) nuclear energy, and c) renewable energy. The analysis demonstrates how the predicted relative shares of these three types of energy have evolved since 1970, for two cases: a) predicted shares in 2010, which shows how the initial outlooks for the 2000-2010 period have been revised as a function of observed trends; and b) predicted shares for t+30, which shows how these revisions have affected medium-term prospects. The analysis shows a decrease, since 1970, in technological optimism about switching away from fossil fuels; this decrease is unsurprisingly correlated with a decline in modelers’ beliefs in the suitability of nuclear energy. But, after a trend of increasing optimism, a declining trend also characterizes renewable energies in the 1980s and 1990s before a slight revival of technological optimism about renewables in the aftermath of Kyoto
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  • 182
    Sprache: Englisch
    Seiten: Online-Ressource (25 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Schiff, Maurice North-South Trade-Related Technology Diffusion
    Kurzfassung: This paper examines the impact on total factor productivity in Latin America and the Caribbean (LAC) and in other developing countries of trade-related technology diffusion from the North) (denoted by NRD), education, and governance, research and development The NRD value for a developing country is an average of R&D stocks in the North, with weights related to openness with the North. Industry-specific NRD is based on the North’s industry-specific R&D, North-South trade patterns, and input-output relations in the South. The main findings are: i) the impact of education and governance on TFP is significantly larger in LAC than in other developing countries, while the opposite holds for NRD; and ii) education, governance and NRD have additional effects on TFP in LAC’s R&D-intensive industries through their interaction with either or both of the other two variables; and iii) since NRD increases with openness and with R&D in the North, both variables raise the South's TFP directly as well as through their interaction with education and governance. These interaction effects imply that increasing the level of any of the three policy variables - education, governance, or openness --results in virtuous growth cycles. These are smallest under an increase in one of these variables, stronger under an increase in two of them and strongest under an increase in all three variables
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  • 183
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (39 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Koolwal, Gayatri Access To Water, Women's Work and Child Outcomes
    Kurzfassung: Poor rural women in the developing world spend considerable time collecting water. How then do they respond to improved access to water infrastructure? Does it increase their participation in income earning market-based activities? Does it improve the health and education outcomes of their children? To help address these questions, a new approach for dealing with the endogeneity of infrastructure placement in cross-sectional surveys is proposed and implemented using data for nine developing countries. The paper does not find that access to water comes with greater off-farm work for women, although in countries where substantial gender gaps in schooling exist, both boys' and girls' enrollments improve with better access to water. There are also some signs of impacts on child health as measured by anthropometric z-scores
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  • 184
    Sprache: Englisch
    Seiten: Online-Ressource (41 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Ferreira, Francisco H.G Social Protection in Latin America
    Kurzfassung: Social protection systems in Latin America have been transformed in the past two decades. Until the 1980s, those who were not covered by the social security arrangements available primarily in the urban formal sector received little public assistance beyond universal subsidies for some food or fuel purchases. Since the 1990s, the introduction of non-contributory social insurance programs (including "social pensions") and conditional cash transfers has substantially extended the coverage and improved the incidence of social assistance. However, the organic growth of subsidized social assistance in parallel to the older social insurance system, financed largely out of taxes on formal sector employment, has led to a dual system that is neither properly equitable nor efficient. The twin challenges that now face social protection in Latin America are to better integrate those two halves of the system, and to develop programs that promote sustainable self-reliance, by moving from "safety nets" to "opportunity ropes
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  • 185
    Sprache: Englisch
    Seiten: Online-Ressource (35 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Fofack, Hippolyte Fiscal Adjustment and Growth in Sub-Saharan Africa
    Kurzfassung: In light of the proliferation of exceptionally large fiscal stimuli to ward off the recession triggered by the 2008 global economic and financial crisis in most advanced economies, this paper revisits the fiscal adjustment and growth nexus in Sub-Saharan Africa. Using transfer functions, it quantifies expected losses in terms of aggregate output largely attributed to a systematic implementation of pro-cyclical expenditure switching and reducing policies to achieve low deficit targets throughout the decades of adjustments. The results consistently highlight a much higher predicted aggregate output under the hypothesized counter-cyclical fiscal expansion option. This consistent outcome suggests that the output gap would have been significantly smaller in the region if countries had drawn on stop-and-go policies of fiscal expansion to sustainably raise the stock of capital investments
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  • 186
    Sprache: Englisch
    Seiten: Online-Ressource (18 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Mani, Muthukumara The Effects of Domestic Climate Change Measures On International Competitiveness
    Kurzfassung: Under the Kyoto Protocol, industrialized countries (called Annex I countries) have to reduce their combined emissions to 5 percent below 1990 levels in the first commitment period of 2008-12. Efforts to reduce emissions to meet Kyoto targets and beyond have raised issues of competitiveness in countries that are implementing these policies, as well as fear of leakage of carbon-intensive industries to non-implementing countries. This has also led to proposals for tariff or border tax adjustments to offset any adverse impact of capping carbon dioxide emissions. This paper examines the implications of climate change policies such as carbon tax and energy efficiency standards on competitiveness across industries, as well as issues related to leakage, if any, of carbon-intensive industries to developing countries. Although competitiveness issues have been much debated in the context of carbon taxation policies, the study finds no evidence that the energy intensive industries’ competitiveness is affected by carbon taxes. In fact, the analysis suggests that exports of most energy-intensive industries increase when a carbon tax is imposed by the exporting countries, or by both importing and exporting countries. This finding gives credence to the initial assumption that recycling the taxes back to the energy-intensive industries by means of subsidies and exemptions may be overcompensating for the disadvantage to those industries. There is, however, no conclusive evidence that supports relocation (leakage) of carbon-intensive industries to developing countries due to stringent climate change policies
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  • 187
    Sprache: Englisch
    Seiten: Online-Ressource (35 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Madies, Thierry Fiscal Competition in Developing Countries
    Kurzfassung: The last two decades have witnessed a sharp increase in foreign direct investment (FDI) flows and increased competition among developing countries to attract FDI, resulting in higher investment incentives offered by host governments and removal of restrictions on operations of foreign firms in their countries. Fiscal competition between governments can take the form of business tax rebates, productivity-enhancing public infrastructure or investment incentives such as tax holidays, accelerated depreciation allowances or loss carry-forward for income tax purposes. It can take place between governments of different countries or between local governments within the same country. This paper surveys the recent theoretical and empirical economic literature on decentralization which attempts to answer three questions. First, does theoretical literature on fiscal competition and "bidding races" contribute to a better understanding of such phenomenon in developing countries? Second, are FDI inflows in developing countries sensitive to fiscal incentives and is there empirical evidence of strategic behavior from the part of developing countries in order to attract FDI? Third, what evidence is there about fiscal competition among local governments in developing countries?
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  • 188
    Sprache: Englisch
    Seiten: Online-Ressource (32 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Lin, Justin Yifu Growth Identification and Facilitation
    Kurzfassung: Active economic policies by developing countries’ governments to promote growth and industrialization have generally been viewed with suspicion by economists, and for good reasons: past experiences show that such policies have too often failed to achieve their stated objectives. But the historical record also indicates that in all successful economies, the state has always played an important role in facilitating structural change and helping the private sector sustain it across time. This paper proposes a new approach to help policymakers in developing countries identify those industries that may hold latent comparative advantage. It also recommends ways of removing binding constraints to facilitate private firms’ entry into those industries. The paper introduces an important distinction between two types of government interventions. First are policies that facilitate structural change by overcoming information and coordination and externality issues, which are intrinsic to industrial upgrading and diversification. Such interventions aim to provide information, compensate for externalities, and coordinate improvements in the "hard" and "soft" infrastructure that are needed for the private sector to grow in sync with the dynamic change in the economy’s comparative advantage. Second are those policies aimed at protecting some selected firms and industries that defy the comparative advantage determined by the existing endowment structure-either in new sectors that are too advanced or in old sectors that have lost comparative advantage
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  • 189
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (43 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Goyal, Aparajita Information, Direct Access To Farmers, and Rural Market Performance in Central India
    Kurzfassung: This paper estimates the impact of a change in procurement strategy of a private buyer in the central Indian state of Madhya Pradesh. Beginning in October 2000, internet kiosks and warehouses were established that provide wholesale price information and an alternative marketing channel to soy farmers in the state. Using a new market-level dataset, the estimates suggest a significant increase in soy price after the introduction of kiosks, supporting the predictions of the theoretical model. Moreover, there is a robust increase in area under soy cultivation. The results point towards an improvement in the functioning of rural agricultural markets
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  • 190
    Sprache: Englisch
    Seiten: Online-Ressource (49 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Yildizhan, Celim Is There A Distress Risk Anomaly ?
    Kurzfassung: Although financial theory suggests a positive relationship between default risk and equity returns, recent empirical papers find anomalously low returns for stocks with high probabilities of default. The authors show that returns to distressed stocks previously documented are really an amalgamation of anomalies associated with three stock characteristics - leverage, volatility and profitability. In this paper they use a market based measure - corporate credit spreads - to proxy for default risk. Unlike previously used measures that proxy for a firm's real-world probability of default, credit spreads proxy for a risk-adjusted (or a risk-neutral) probability of default and thereby explicitly account for the systematic component of distress risk. The authors show that credit spreads predict corporate defaults better than previously used measures, such as, bond ratings, accounting variables and structural model parameters. They do not find default risk to be significantly priced in the cross-section of equity returns. There is also no evidence of firms with high default risk delivering anomalously low returns
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  • 191
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (34 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Lay, Jann MDG Achievements, Determinants and Resource Needs
    Kurzfassung: This paper reviews the effectiveness and efficiency of key policy instruments for the achievement of the Millennium Development Goals (MDG). Based on a simple cross-country regression analysis, the paper argues that average Millennium Development Goal progress is likely to be too slow to meet education and health sector targets in a number of developing countries. The paper further shows that MDG achievement can be described by a transition path with declining rates of progress. More detailed analysis reveals that the transition toward universal primary school enrollment in poor countries with low initial enrollment has accelerated considerably in the more recent past. The main part of the paper then focuses on the role of demand versus supply-side factors in social service utilization in education and health. The review arrives at the following rules of thumb that reflect some of the key determinants of achievement of the Millennium Development Goals: First, specific single policy interventions can have a considerable impact on social service utilization and specific human development outcomes. For example, improving access to basic health services, in particular to vaccination, has been a key factor in reducing child mortality rates in a number of very poor countries. Second, demand-side policies have proved extremely effective, for example in raising school enrollment and attainment levels. However, there may be more scope for targeting the demand-side in the health sector. Third, policy effectiveness and efficiency are highly dependent on initial conditions and the specificities of the respective policy. Fourth, complementarities between MDG targets, in particular social service utilization, are likely to be very important
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  • 192
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (28 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Correa, Paulo Guilherme Obstacles To Growth for Small and Medium Enterprises in Turkey
    Kurzfassung: Many studies have shown that firm growth decreases monotonically with size and age. In this study, the authors investigate employment growth of firms in Turkey with an emphasis on small and medium size enterprises. In Turkey, small and medium size enterprises account for almost 77 percent of employment and play a crucial role in the economy. However, the analysis of firm dynamics in Turkey shows that medium-size firms (51-250 workers) are the slowest growing group in the economy. Moreover, small and medium size enterprises grow at a slower rate in Turkey than in several comparator countries in the Eastern Europe and Central Asia region. After determining this irregularity, the paper analyzes how the investment climate affects firm growth and finds that improved access to finance is the most important factor that significantly increases firm growth rates
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  • 193
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (34 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Laeven, Luc Trade Credit Contracts
    Kurzfassung: This paper provides new evidence on the unique role of trade credit and contracting terms as a way for both sellers and buyers to mange business risk. The authors use a novel and unique dataset on almost 30,000 supplier contracts for 56 large buyers and more than 24,000 suppliers in Europe and North America. The sample of buyers and suppliers includes firms of varying size, investment grade, and sectors. The paper finds evidence in support of four important, and not mutually exclusive, reasons for trade credit: 1) as a method of financing; 2) as a means of price discrimination; 3) as a bond assuring buyers of product quality; and 4) as a screening mechanism to gauge buyer default risk. In particular, the analysis finds that the largest and most creditworthy buyers receive contracts with the longest maturities, as measured by net days, from smaller, investment grade suppliers. In comparison, early payment discounts seem to be used as a risk management tool to limit the potential nonpayment risk of trade credit. Early payment discounts are generally offered to smaller, non-investment grade buyers. The results suggest that contract terms are jointly determined by supplier and buyer characteristics
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  • 194
    Sprache: Englisch
    Seiten: Online-Ressource (54 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Khalily, M. A. Baqui Seasonal and Extreme Poverty in Bangladesh
    Kurzfassung: Microfinance is often criticized for not adequately addressing seasonality and hard-core poverty. In Bangladesh, a program known as PRIME was introduced in 2006 to address both concerns. Unlike regular microfinance, PRIME introduces a microfinance scheme that offers a flexible repayment schedule and consumption smoothing, as well as production, loans. It targets the ultra-poor, many of whom are also seasonally poor, with a severe inability to smooth consumption during certain months of the year. Besides providing loans, PRIME offers extension and training services. This paper uses a quasi-experimental survey design to evaluate PRIME against regular microfinance programs. The results show that PRIME is more effective than regular microfinance in reaching the ultra-poor, as well as the seasonal poor. PRIME also helps reduce seasonal deprivation and extreme poverty. Although the program has demonstrated its promise, it is too early to conclude whether the accrued benefits are large enough to contain both seasonal and chronic poverty on a sustained basis
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  • 195
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (40 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Wagstaff, Adam Are Health Shocks Different ?
    Kurzfassung: In Laos health shocks are more common than most other shocks and more concentrated among the poor. They tend to be more idiosyncratic than non-health shocks, and are more costly, partly because they lead to high medical expenses, but also because they lead to income losses that are sizeable compared with the income losses associated with non-health shocks. Health shocks also stand out from other shocks in the number of coping strategies they trigger: they are more likely than non-health shocks to trigger assistance from a nongovernmental organization and other households, dis-saving, borrowing, asset sales, an early harvest, the pawning of possessions, and the delaying of plans; by contrast, they are less likely to trigger assistance from government. Consumption regressions point to only limited evidence of households not being able to smooth consumption in the face of any shock. However, these results contrast with households' own assessments of the welfare impacts of shocks. The majority said they had to cut back consumption following a shock and that shocks considerably affected their welfare. Only health shocks are worse than a drought in terms of the likelihood of a family being forced to cut back consumption and in terms of the shock affecting a family's well-being "a lot." The poor are especially disadvantaged in terms of the greater damage that health shocks inflict on household well-being. Health shocks stand out too in leading to a loss of human capital: household members experiencing a health shock did not recover their former subjective health following the health shock, losing, on average, 0.6 points on a 5-point scale. The wealthier and better educated are better able to limit the health impacts of a health shock; the data are consistent with this being due to their greater proximity to a health facility
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  • 196
    Sprache: Englisch
    Seiten: Online-Ressource (48 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Lanjouw, Peter Revisiting Between-Group Inequality Measurement
    Kurzfassung: Standard approaches to decomposing how much group differences contribute to inequality rarely show significant between-group inequality, and are of limited use in comparing populations with different numbers of groups. This study applies an adaptation to the standard approach that remedies these problems to longitudinal household data from two Indian villages - Palanpur in the north, and Sugao in the west. The authors find that in Palanpur the largest scheduled caste group failed to share in the gradual rise in village prosperity. This would not have emerged from standard decomposition analysis. However, in Sugao the alternative procedure did not yield any additional insights because income gains applied relatively evenly across castes
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  • 197
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (35 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Perelman, Sergio Measuring the Technical Efficiency of Airports in Latin America
    Kurzfassung: This paper studies the technical efficiency of airports in Latin America. The evolution of productive efficiency in the region has seldom been studied, mainly due to lack of publicly available data. Relying on a unique dataset that was obtained through questionnaires distributed to airport operators, the authors use Data Envelopment Analysis methods to compute an efficient production frontier and compare the technical efficiency of Latin American airports relative to airports around the world. In a second stage, they estimate a truncated regression to study the drivers of observed differences in airport efficiency. According to the results, institutional variables (private/public operation), the socioeconomic environment (level of gross domestic product), and airport characteristics (hub airport, share of commercial revenues) matter in explaining airport productive efficiency. Finally, the authors compute total factor productivity changes for Latin American airports for 1995-2007. The region has implemented a wide variety of private sector participation schemes for the operation of airports since the mid 1990s. The results show that private operators have not had higher rates of total factor productivity change
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  • 198
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (50 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Dee, Philippa The Economy-Wide Effects of Further Trade Reforms in Tunisia's Services Sectors
    Kurzfassung: The purpose of this paper is to benchmark Tunisia against other emerging economies in terms of the regulatory barriers affecting particular services sectors, and to assess the economy-wide effects of further liberalizing these services trade restrictions, compared with reducing the dispersion in barriers to its merchandise trade. On the basis of a rather restricted sample of services sectors, partial regulatory reform would yield gains roughly equivalent to full unilateral reform of manufacturing tariffs, but roughly one-tenth the gains from full bilateral reform of border protection in agriculture with the European Union. The adjustment costs associated with these services trade reforms would be minimal. The paper identifies the reasons why the gains from these services reforms are relatively small, and argues that a wider set of reforms could provide win-win outcomes and even fewer adjustment costs. By contrast, the gains in agriculture and manufacturing tend to come at the expense of domestic output in the reforming sectors - the gains are greater, but so too are the adjustment costs
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  • 199
    Online-Ressource
    Online-Ressource
    Washington, D.C : The World Bank
    Sprache: Englisch
    Seiten: Online-Ressource (46 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Calderon, Cesar Characterizing the Business Cycles of Emerging Economies
    Kurzfassung: Using the dating algorithm by Harding and Pagan (2002) on a quarterly database for 23 emerging market economies (EMEs) and 12 developed countries over the period 1980.Q1 - 2006.Q2, the authors proceed to characterize and compare the business cycle features of these two groups. They first find that recessions are deeper and more frequent among EMEs (especially, among LAC countries) and that expansions are more sizable and longer (especially, among East Asian countries). After this characterization, this paper explores the linkages between the cost of recessions (as measured by the average annual rate of output loss in the peak-to-trough phase of the cycle) and several country-specific factors. The main findings are: (a) adverse terms of trade shocks raises the cost of recessions in countries with a more open trade regime, deeper financial markets and, surprisingly, a more diversified output structure. (b) U.S. interest rate shocks seem to have a significant impact on the cost of recessions in East Asian countries. (c) Recessions tend to be deeper if they coincide with a sudden stop, but the effect tends to be mitigated in countries with deeper domestic credit markets. (d) Countries with stronger institutions tend to have less costly recessions
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  • 200
    Sprache: Englisch
    Seiten: Online-Ressource (42 p)
    Ausgabe: 2010 World Bank eLibrary
    Paralleltitel: Croser, Johanna Changing Contributions of Different Agricultural Policy Instruments To Global Reductions in Trade and Welfare
    Kurzfassung: Trade negotiators and policy advisors are keen to know the relative contribution of different farm policy instruments to international trade and economic welfare. Nominal rates of assistance or producer support estimates are incomplete indicators, especially when (especially in developing countries) some commodities are taxed and others are subsidized, in which case positive contributions can offset negative contributions. This paper develops and estimates a new set of more-satisfactory indicators to examine the relative contribution of different farm policy instruments to reductions in agricultural trade and welfare, drawing on recent literature on trade restrictiveness indexes and a recently compiled database on distortions to agricultural prices for 75 developing and high-income countries over the period 1960 to 2004. Results confirm earlier findings that border taxes are the dominant instrument affecting global trade and welfare, but they also suggest declines in export taxes contributed nearly as much as cuts in import protection to global welfare gains from agricultural policy reforms since the 1980s
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