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  • 2010-2014  (582)
  • 2013  (582)
  • Washington, D.C : The World Bank  (582)
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  • 2010-2014  (582)
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  • 1
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 082139925X , 0821399268 , 9780821399255 , 9780821399262
    Language: English
    Pages: Online-Ressource
    Edition: 2013 World Bank eLibrary
    DDC: 338.9669
    Keywords: Carbon dioxide mitigation Economic aspects ; Climatic changes ; Greenhouse gas mitigation Economic aspects ; Sustainable development ; Carbon dioxide mitigation Economic aspects ; Climatic changes ; Greenhouse gas mitigation Economic aspects ; Sustainable development ; Carbon dioxide mitigation ; Climatic changes ; Greenhouse gas mitigation ; Sustainable development
    Note: "The report was prepared by a World Bank team led by Raffaello Cervigni and including (in alphabetical order) Abimbola A. Adubi, Ademola Braimoh, Amos Abu, Anushika Karunaratne, Benedicte Marie Cecile Augeard , Beula Selvadurai, Ella Omomene Iklaga, Erik Magnus Fernstrom, Francesca Fusaro, Irina Dvorak, Joseph Ese Akpokodje, Rikard Liden, Sarwat Hussain, Shobha Shetty, Stephen Danyo, Stephen Ling. Onno Ruhl, former Country Director for Nigeria, provided guidance and institutional support , Includes bibliographical references and index
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  • 2
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 9780821398159
    Language: English
    Pages: Online-Ressource (239 p)
    Edition: 2015 World Bank eLibrary
    Abstract: The Little Green Data Book is a pocket-sized ready reference on key environmental data for over 200 countries. Key indicators are organized under the headings of agriculture, forestry, biodiversity, oceans, energy, emission and pollution, and water and sanitation. The 2013 edition of The Little Green Data Book introduces new set of ocean-related indicators, highlighting the role of oceans in economic development
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  • 3
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 9780821395561 , 9780821395578
    Language: English
    Pages: Online-Ressource (xxiv, 366 p) , ill , 23 cm
    Edition: 2015 World Bank eLibrary
    DDC: 333.7909172/4
    Keywords: Electric power systems ; Electric utilities ; Energy policy ; Electric power systems ; Electric utilities ; Energy policy ; Electric power systems ; Electric utilities ; Energy policy
    Note: Includes bibliographical references
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  • 4
    ISBN: 9780821396551
    Language: English
    Pages: Online-Ressource (xxv, 146 pages) , illustrations , 27 cm
    Edition: 2013 World Bank eLibrary
    DDC: 333.33/8
    Keywords: Housing policy ; Rental housing ; Housing policy ; Rental housing ; Housing policy ; Rental housing
    Note: Includes bibliographical references
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  • 5
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 9780821398197
    Language: English
    Pages: Online-Ressource (238 p)
    Edition: 2014 World Bank eLibrary
    Abstract: One of a series of pocket-sized books that provide a quick reference to development data on different topics, 'The Little Data Book on Private Sector Development 2013' provides data for more than 20 key indicators on the business environment and private sector development in a single page for each of the World Bank member countries and other economies with populations of more than 30,000. These more than 200 country pages are supplemented by aggregate data for regional and income groupings
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  • 6
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 9780821398739
    Language: English
    Pages: Online-Ressource (254 p)
    Edition: 2015 World Bank eLibrary
    Series Statement: Independent Evaluation Group Studies
    Abstract: This report evaluates the outcomes of World Bank Group support to Afghanistan from 2002-11. Despite extremely difficult security conditions, which deteriorated markedly after 2006, the World Bank Group has commendably established and sustained a large program of support to the country. The key messages of the evaluation are: • While World Bank Group strategy has been highly relevant to Afghanistan’s situation, beginning in 2006 the strategies could have gone further in adapting ongoing programs to evolving opportunities and needs, and in programming activities sufficient to achieve the objectives of the pillars in those strategies. • Overall, Bank Group assistance has achieved substantial progress toward most of its major objectives, although risks to development outcomes remain high. Impressive results have been achieved in public financial management, public health, telecommunications, and community development; substantial outputs have also been achieved in primary education, rural roads, irrigation, and microfinance-all started during the initial phase. Bank assistance has been critical in developing the mining sector as a potential engine of growth. However, progress has been limited in civil service reform, agriculture, urban development, and private sector development. • The Bank Group’s direct financial assistance has been augmented effectively by analytic and advisory activities and donor coordination through the Afghanistan Reconstruction Trust Fund. Knowledge services have been an important part of Bank Group support and have demonstrated the value of strategic analytical work, even in areas where the Bank Group may opt out of direct project financing. • With the expected reduction of the international presence in 2014, sustainability of development gains remains a major risk because of capacity constraints and inadequate human resources planning on the civilian side. To enhance program effectiveness, the evaluation recommends that the Bank Group help the government develop a comprehensive, long-term human resources strategy for the civilian sectors; focus on strategic analytical work in sectors that are high priorities for the government; assist in the development of local government institutions and, in the interim, support the development of a viable system for service delivery at subnational levels; assist in transforming the National Solidarity Program into a more sustainable financial and institutional model to consolidate ...
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  • 7
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 9780821398562
    Language: English
    Pages: Online-Ressource (83 p)
    Edition: 2015 World Bank eLibrary
    Series Statement: Independent Evaluation Group Studies
    Abstract: The World Bank Group has made important contributions to poverty reduction in developing countries. But to stay relevant under the uncertain conditions that characterize today’s global development context, the Bank Group needs to enhance its capacity to help clients cope with weak economic growth, address persistent disparities in development progress, and manage the increasingly global and cross-cutting nature of development solutions. The messages in this report from the Independent Evaluation Group (IEG) seek to help the Bank Group improve its programs and development outcomes. Thus the primary audience is Bank Group management. Additional audiences include other development organizations, nongovernmental organizations, and civil society organizations that are involved in development issues, as they also seek better development outcomes. This report addresses IEG’s work over the last year, summarizing findings from its evaluations and discussing the trends that are revealed. In particular, as a consequence of the Bank Group’s rapid, large-scale response to the 2008–09 crisis, the Bank’s remaining capital headroom precludes a comparable expansion should another crisis occur. In addition, the extent to which country programs meet their objectives has yet to reach the performance target set in the Bank’s Corporate Scorecard. Development outcome ratings of Bank-funded investment projects, as well as the outcome ratings for International Finance Corporation (IFC) investments, have recently declined. IEG’s findings suggest that enhancing the quality of projects at their outset as well as their supervision would help reverse the decline in Bank project ratings; along the same line, improving IFC’s work quality would strengthen the results of its investments. Evaluation evidence also underscores the importance of sustained dialogue with stakeholders and of high-quality analytical work to sharpen the understanding of client circumstances, which is essential for successful outcomes. Effective development solutions require intensified efforts by the Bank Group to work across conventional boundaries
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  • 8
    ISBN: 9781464800795
    Language: English
    Pages: Online-Ressource
    Edition: 2014 World Bank eLibrary
    DDC: 331.25/92095135
    Keywords: Economic development ; Manpower policy ; Occupational training ; Vocational education ; Economic development ; Manpower policy ; Occupational training ; Vocational education ; Economic development ; Manpower policy ; Occupational training ; Vocational education
    Note: Includes bibliographical references and index
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  • 9
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 9780821398210
    Language: English
    Pages: Online-Ressource (237 p)
    Edition: 2015 World Bank eLibrary
    Abstract: This handy pocket guide is a quick reference for users interested in gender statistics. It presents gender-disaggregated data for more than 200 countries in an easy country-by-country reference on demography, education, health, labor force, political participation and the Millennium Development Goals. The book’s summary pages cover regional and income group aggregates
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  • 10
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 9780821399828
    Language: English
    Pages: Online-Ressource (344 p)
    Edition: 2014 World Bank eLibrary
    Series Statement: World Development Report
    Abstract: The past 25 years have witnessed unprecedented changes around the world - many of them for the better. Across the continents, many countries have embarked on a path of international integration, economic reform, technological modernization, and democratic participation. As a result, economies that had been stagnant for decades are growing, people whose families had suffered deprivation for generations are escaping poverty, and hundreds of millions are enjoying the benefits of improved living standards and scientific and cultural sharing across nations. As the world changes, a host of opportunities arise constantly. With them, however, appear old and new risks, from the possibility of job loss and disease to the potential for social unrest and environmental damage. If ignored, these risks can turn into crises that reverse hard-won gains and endanger the social and economic reforms that produced these gains. The World Development Report 2014 (WDR 2014), Risk and Opportunity: Managing Risk for Development, contends that the solution is not to reject change in order to avoid risk but to prepare for the opportunities and risks that change entails. Managing risks responsibly and effectively has the potential to bring about security and a means of progress for people in developing countries and beyond. Although individuals? own efforts, initiative, and responsibility are essential for managing risk, their success will be limited without a supportive social environment?especially when risks are large or systemic in nature. The WDR 2014 argues that people can successfully confront risks that are beyond their means by sharing their risk management with others. This can be done through naturally occurring social and economic systems that enable people to overcome the obstacles that individuals and groups face, including lack of resources and information, cognitive and behavioral failures, missing markets and public goods, and social externalities and exclusion. These systems?from the household and the community to the state and the international community?have the potential to support people?s risk management in different yet complementary ways. The Report focuses on some of the most pressing questions policy makers are asking. What role should the state take in helping people manage risks? When should this role consist of direct interventions, and when should it consist of providing an enabling environment? How can governments improve their own risk management, and ...
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  • 11
    ISBN: 9780821387306
    Language: English
    Pages: Online-Ressource (397 p)
    Edition: 2014 World Bank eLibrary
    Series Statement: Annual World Bank Conference on Development Economics (Global)
    Abstract: The Annual World Bank Conference on Development Economics 2011: Development Challenges in a Post-crisis World (ABCDE) presents papers from a global gathering of the world?s leading development scholars and practitioners held May 31 - June 2, 2010. Paper themes include: Environmental Commons and the Green Economy, Post-crisis Development Strategy, the Political Economy of Fragile States, Measuring Welfare, and Social Programs and Transfers. Keynote addresses: Elinor Ostrom: Overcoming the Samaritan's Dlimemma in Development Aid -- Torsten Persson: Weak States, Strong States, and Development -- Joseph Stiglitz: Learning, Growth, and Development -- Partha Dasgupta: Poverty Traps --
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  • 12
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 9780821396179
    Language: English
    Pages: Online-Ressource (208 p)
    Edition: 2013 World Bank eLibrary
    Series Statement: Africa Development Indicators
    Keywords: Afrika ; Wirtschaftsentwicklung ; Indikator
    Abstract: Africa Development Indicators 2012/13 is the most detailed collection of data on Africa. It contains macroeconomic, sectoral, and social indicators for 53 countries. The print edition includes a companion CD-ROM with additional data, some 1,700 indicators covering 1961-2010. -Basic indicators -National and fiscal accounts -External accounts and exchange rates -Millennium Development Goals -Private sector development -Trade and regional integration -Infrastructure -Human development -Agriculture, rural development, and the environment -Labor, migration, and population -HIV/AIDS and malaria -Capable states and partnership -Paris Declaration indicators -Governance and polity Designed as both a quick reference and a reliable dataset for monitoring development programs and aid flows in the region, Africa Development Indicators 2012/13 is an invaluable tool for analysts and policymakers who want a better understanding of Africa’s economic and social development
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  • 13
    ISBN: 9780821398371
    Language: English
    Pages: Online-Ressource
    Edition: 2014 World Bank eLibrary
    DDC: 333.79/40959091732
    Keywords: Cities and towns Case studies Energy consumption ; Energy policy Case studies ; Infrastructure (Economics) Case studies ; Renewable energy sources Case studies ; Sustainable urban development Case studies ; Urban ecology (Sociology) Case studies ; Cities and towns Case studies Energy consumption ; Energy policy Case studies ; Infrastructure (Economics) Case studies ; Renewable energy sources Case studies ; Sustainable urban development Case studies ; Urban ecology (Sociology) Case studies ; Cities and towns ; Energy policy ; Infrastructure (Economics) ; Renewable energy sources ; Sustainable urban development ; Urban ecology (Sociology)
    Abstract: "Presents a blueprint for transforming East Asian cities to global engines of green growth by choosing energy efficient solutions for their infrastructure needs, with case studies in Cebu City (the Philippines), Da Nang (Vietnam), and Surabaya (Indonesia) illustrating the use of sustainable urban energy and emissions planning (SUEEP)"--
    Note: Includes bibliographical references
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  • 14
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource
    Series Statement: World Bank E-Library Archive
    Series Statement: Country Environmental Analysis
    Abstract: The Madagascar Country Environmental Analysis (CEA) has the following objectives: (i) to facilitate the integration of environment-development priorities in a future Country Assistance Strategy (CAS); (ii) to provide analytical information that can underpin the development of future World Bank operations in the environment sector; and (iii) to serve as an initial analysis of environment sector governance issues for future budgetary assistance lending to the Government if such an operation is pursued in the future upon resolution of the current political crisis. The CEA also aims to contribute to debate and dialogue with the Government and development partners on environment-development linkages and priorities in Madagascar. The current CEA is the first ever prepared for Madagascar. It also draws on a range of sector-based analytical work including a sector wide analysis undertaken by the World Bank in 2003, an environment sector policy note prepared by the World Bank in 2010, and work carried out by technical and financial partners in the sector. It also draws on a range of analytical work carried out by the World Bank in related sectors including governance analyses of the mining and forestry sectors, a national public expenditure review, and a feasibility study of the development of a program for introducing ethanol cook-stoves in households. The CEA has been carried out in the context of the World Bank environment strategy 2012 and the World Bank Interim Strategy Note (ISN) for Madagascar
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  • 15
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 9780821398746
    Language: English
    Pages: Online-Ressource
    Edition: 2014 World Bank eLibrary
    DDC: 551.48095491
    Keywords: Climatic changes ; Crops and climate ; Water resources development Environmental aspects ; Climatic changes ; Crops and climate ; Water resources development Environmental aspects ; Climatic changes ; Crops and climate ; Water resources development ; Indus River Watershed ; Indus River Watershed ; Indus River Watershed Economic conditions ; Indus River Watershed Environmental conditions ; Indus River Watershed Economic conditions ; Indus River Watershed Environmental conditions
    Note: Includes bibliographical references
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  • 16
    ISBN: 9780821397435 , 9780821398470 , 9780821398500
    Language: English
    Pages: Online-Ressource (3 volumes)) , 26 cm
    Edition: 2013 World Bank eLibrary
    Series Statement: A World Bank study
    DDC: 371.2/07096761
    Keywords: Curriculum planning ; School children Food ; School improvement programs ; School-based management ; Teacher effectiveness ; Curriculum planning ; School children Food ; School improvement programs ; School-based management ; Teacher effectiveness ; Curriculum planning ; School children ; School improvement programs ; School-based management ; Teacher effectiveness
    Note: Includes bibliographical references and index
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  • 17
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 9780821399477
    Language: English
    Pages: Online-Ressource (57 p)
    Edition: 2013 World Bank eLibrary
    Series Statement: World Bank Annual Report
    Abstract: The Annual Report is prepared by the Executive Directors of the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA)—collectively known as the World Bank—in accordance with the by-laws of the two institutions. The President of the IBRD and IDA and the Chairman of the Board of Executive Directors submits the Report, together with the accompanying administrative budgets and audited financial statements, to the Board of Governors
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  • 18
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 9780821399835
    Language: English
    Pages: Online-Ressource (278 p)
    Edition: 2014 World Bank eLibrary
    Abstract: Eleventh in a series of annual reports comparing business regulation in 189 economies, Doing Business 2014 measures regulations affecting 11 areas of everyday business activity including; starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts, closing a business, and employing workers. The report updates all indicators as of June 1, 2013, ranks economies on their overall “ease of doing business”, and analyzes reforms to business regulation – identifying which economies are strengthening their business environment the most. The Doing Business reports illustrate how reforms in business regulations are being used to analyze economic outcomes for domestic entrepreneurs and for the wider economy. Doing Business is a flagship product by the World Bank and IFC that garners worldwide attention on regulatory barriers to entrepreneurship. More than 60 economies use the Doing Business indicators to shape reform agendas and monitor improvements on the ground. In addition, the Doing Business data has generated over 870 articles in peer-reviewed academic journals since its inception
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  • 19
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: 1 Online-Ressource (xxiii, 273 pages) , illustrations , 23 cm
    Edition: Online edition s.l.
    Series Statement: New Frontiers of Social Policy
    Series Statement: World Bank eLibrary
    DDC: 302
    Keywords: Marginality, Social ; Social integration
    Note: Includes bibliographical references
    URL: Volltext  (URL des Erstveröffentlichers)
    URL: Volltext  (URL des Erstveröffentlichers)
    URL: Volltext  (URL des Erstveröffentlichers)
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  • 20
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 9781464800108
    Language: English
    Pages: 1 Online-Ressource , Illustrations
    Series Statement: New Frontiers of Social Policy
    Series Statement: World Bank E-Library Archive
    DDC: 302
    Note: Includes bibliographical references
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  • 21
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 9780821397183
    Language: English
    Pages: Online-Ressource (165 p)
    Edition: 2015 World Bank eLibrary
    Series Statement: Independent Evaluation Group Studies
    Abstract: Impact evaluation has grown more popular as a method for identifying the causal links between interventions and outcomes. These kind of evaluations assess changes that can be attributed to a particular intervention. Both innovations in statistical methods and the demand for evaluations that can measure such development results are increasing. The World Bank Group is the largest producer of impact evaluations among all development institutions. Thus, IEG has evaluated the relevance, quality, and influence of World Bank and IFC impact evaluations. IEG finds that the World Bank Group portfolio of impact evaluations is largely aligned with sector strategies and project objectives. Selection and coordination of impact evaluations has been improving. Most World Bank impact evaluations meet either medium or high quality standards, and about half of IFC impact evaluations did. Issues related to funding, staff capacity, and incentives, however, constrain the scope and coverage of impact evaluations in the Bank Group. IEG makes five recommendations to strengthen the Bank Group’s impact evaluation efforts, revolving around consistency, coordination, quality standards, and ensuring operational relevance. Both development and evaluation professionals will find valuable lessons in this evaluation. There are real benefits from impact evaluations, including their influence on development practices through contributions to project assessment and design of future projects. Thus, development practitioners engaged in designing projects, evaluators interestedin using similar methodology, and the general evaluation community will be able to use the lessons IEG sets out in this report
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  • 22
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 9780821397848
    Language: English
    Pages: Online-Ressource (127 p)
    Edition: World Bank eLibrary
    Series Statement: Africa Development Indicators
    Keywords: Afrika ; Wirtschaft
    Abstract: The Little Data Book on Africa 2012/2013 is a pocket edition of Africa Development Indicators 2012/2013. It contains some 115 key indicators on economics, human development, governance, and partnership and is intended as a quick reference for users of the Africa Development Indicators 2010 book and African Development Indicators Online. The country tables present the latest available data for World Bank member countries in Sub-Saharan Africa, covering about 1,700 indicators from 1961 to 2011. Key themes are : • Basic indicators • Drivers of growth • Participating in growth • Capable states • Partnerships. Designed to provide all those interested in Africa with quick reference and a reliable set of data to monitor development programs and aid flows in the region, this is an invaluable pocket edition reference tool for analysts and policy makers who want a better understanding of the economic and social developments occurring in Africa. For free access to Africa Development Indicators online, please visit http://data.worldbank.org/data-catalog
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  • 23
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    ISBN: 9780821397664
    Language: English
    Pages: Online-Ressource
    Edition: 2015 World Bank eLibrary
    DDC: 336.3/4
    Keywords: Bankruptcy ; Debts, Public ; Fiscal policy ; Bankruptcy ; Debts, Public ; Fiscal policy ; Bankruptcy ; Debts, Public ; Fiscal policy
    Note: Includes bibliographical references and index
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  • 24
    ISBN: 9780821398050
    Language: English
    Pages: Online-Ressource
    Edition: 2014 World Bank eLibrary
    DDC: 363.34/6095
    Keywords: Disasters Economic aspects ; Disasters Social aspects ; Emergency management ; Emergency management ; Disasters Economic aspects ; Disasters Social aspects ; Emergency management ; Emergency management ; Disasters ; Disasters ; Emergency management ; Emergency management
    Note: Includes bibliographical references and index
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  • 25
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (30 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Hevia, Constantino Saving and Growth in Sri Lanka
    Abstract: In the aftermath of its long-standing civil war, Sri Lanka is keen to reap the social and economic benefits of peace. Even in the middle of civil conflict, the country was able to grow at rates that surpassed those of its neighbors and most developing countries. It is argued, then, that the peace dividend may bring about even higher rates of economic growth. Is this possible? And if so, under what conditions? To be sure, Sri Lanka's high growth rate in the past three decades did not come for free. It took an increasing effort of resource mobilization in the country, with a rise in national saving from 15 percent of gross domestic product in the mid-1970s to 25 percent in 2010. This rise in national saving was fundamentally fueled and sustained by the private sector. In the future, however, the private saving rate is likely to decline because the demographic transition experienced in the country is bound to produce higher old dependency rates in the next two decades. However, the public sector has much room for reducing its deficits and increasing public investment. Similarly, external investors are likely to encounter attractive and profitable investment projects in the coming years in a reformed and peaceful environment. The government of Sri Lank has two goals regarding these issues. First, increasing public saving to 1.5 percent of gross domestic product by 2013; and second, increasing international investment in the country by letting the current account deficit increase to 4-5 percent of gross domestic product in the coming years. If these goals are achieved, what can be expected for growth of gross domestic product in the country? To answer this question, this paper presents a neoclassical growth model with endogenous private saving, calibrates it to fit the Sri Lankan economy, and simulates the behavior of growth rates of gross domestic product and related variables under different scenarios. In what the authors call the Reform Scenario, total factor productivity would increase from 1 to 1.75 percent per year. This would produce a gross domestic product growth rate of about 6.5 percent in the next 5 years, 4.6 percent by 2020, and 3.5 percent by 2030, the end of the simulation period. This robust growth performance would be supported at the beginning mostly by capital accumulation but later on mainly by productivity improvements
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  • 26
    Language: English
    Pages: Online-Ressource (37 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Stirbat, Liviu Determinants of Export Survival in the Lao PDR
    Abstract: This paper explores a rich dataset of monthly firm-level data on the population of exporters of Lao PDR from 2005 to 2010. The survival analysis uses a discrete-time logistic model based on firm-product-destination triplets while accounting for unobserved heterogeneity. It looks in detail at the role played by two important and related determinants of survival: experience and networks. These are particularly relevant for developing countries, where relevant export experience in firms is likely to be limited and networks leveraging it all the more important. The analysis reveals the positive impact of having prior experience with the export product and destination, experience with importing, as well as using a developed neighboring country as launch platform. Networks are found to be most relevant when they are most specific-the largest impact comes from province level aggregations of firms selling the same product in the same market during a particular month. A competing risks model was also investigated to discern the impact of these determinants on the likelihood of experiencing an upgrade to a superior product versus termination when a trade contract ends
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  • 27
    Language: English
    Pages: Online-Ressource (32 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Brunori, Paolo Inequality of Opportunity, Income Inequality and Economic Mobility
    Abstract: Despite a recent surge in the number of studies attempting to measure inequality of opportunity in various countries, methodological differences have so far prevented meaningful international comparisons. This paper presents a comparison of ex-ante measures of inequality of economic opportunity (IEO) across 41 countries, and of the Human Opportunity Index (HOI) for 39 countries. It also examines international correlations between these indices and output per capita, income inequality, and intergenerational mobility. The analysis finds evidence of a “Kuznets curve” for inequality of opportunity, and finds that the IEO index is positively correlated with overall income inequality, and negatively with measures of intergenerational mobility, both in incomes and in years of schooling. The HOI is highly correlated with the Human Development Index, and its internal measure of inequality of opportunity yields very different country rankings from the IEO measure
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  • 28
    Language: English
    Pages: Online-Ressource (41 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Hamilton, Alexander Small is Beautiful, at Least in High-Income Democracies
    Abstract: Why is there significant variation in rent extraction among high-income democracies? A large number of political economy investigations into this research question have found that a long period of democratic rule and high per capita income are associated with less rent extraction among public policy-makers. However, attempts to explain the residual, yet significant, variation in rent extraction among countries that possess both these characteristics have been significantly more circumspect and disputed. This paper explores how the distribution of policy-making responsibilities between electorally accountable decision-makers and their electorally unaccountable public policy-making counterparts determines the optimal level of rents extracted in any given high-income democracy context. Specifically, the paper formally models how: (1) variation in the ratio of electorally accountable decision-makers to electorally unaccountable decision-makers, by altering (2) voters' evaluation of incumbent competency, changes (3) the incentives that policy-makers, wishing to remain in office, have to minimize their short-term level of rent extraction in order to signal their competency and hopefully retain office. Given these “career concerns,” the theoretical model predicts that an increase or decrease in the ratio will be associated with more or less rent extraction. This hypothesis is then tested empirically. Establishing that the ratio does robustly predict variation in rent extraction is a significant finding, as it can enable analysts to predict how changes in policy-making contexts may affect the incentives for good governance in this sub-set of countries
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  • 29
    Language: English
    Pages: Online-Ressource (40 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Arvis, Jean-François Trade Costs in the Developing World
    Abstract: The authors use newly collected data on trade and production in 178 countries to infer estimates of trade costs in agriculture and manufactured goods for the 1995-2010 period. The data show that trade costs are strongly declining in per capita income. Moreover, the rate of change of trade costs is largely unfavorable to the developing world: trade costs are falling noticeably faster in developed countries than in developing ones, which serves to increase the relative isolation of the latter. In particular, Sub-Saharan African countries and low-income countries remain subject to very high levels of trade costs. In terms of policy implications, the analysis finds that maritime transport connectivity and logistics performance are very important determinants of bilateral trade costs: in some specifications, their combined effect is comparable to that of geographical distance. Traditional and non-traditional trade policies more generally, including market entry barriers and regional integration agreements, play a significant role in shaping the trade costs landscape
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  • 30
    Language: English
    Pages: Online-Ressource (43 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Lozano-Gracia, Nancy Leveraging Land to Enable Urban Transformation
    Abstract: Around the world, in both developed and developing countries, policy makers use a variety of tools to manage and accommodate urban growth and redevelopment. Government officials have three main concerns in terms of land policy: (i) accommodating urban expansion, (ii) providing infrastructure, and (iii) managing density. Together, the planning for infrastructure and urban expansion, land use, and density policies combine to shape the spatial structure of cities. This paper reviews global experience on using land based instruments to accommodate urban development and financing infrastructure. The review suggests that urban transformation is most efficient when land markets are fluid, particularly when they are grounded in strong institutions that (i) assign and protect property rights, (ii) enable independent valuation and public dissemination of land values across uses, and (iii) enable the judicial system to handle disputes that may arise in the process
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  • 31
    Language: English
    Pages: Online-Ressource (63 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Harrison, Ann E Explaining Africa's (Dis)advantage
    Abstract: Africa's economic performance has been widely viewed with pessimism. This paper uses firm-level data for 89 countries to examine formal firm performance. Without controls, manufacturing African firms do not perform much worse than firms in other regions. But they do have structural problems, exhibiting much lower export intensity and investment rates. Once the analysis controls for geography and the political and business environment, formal African firms robustly lead in sales growth, total factor productivity levels and productivity growth. Africa's conditional advantage is higher in low-tech than in high-tech manufacturing, and exists in manufacturing but not in services. While geography, infrastructure, and access to finance play an important role in explaining Africa's disadvantage in firm performance, the key factor is party monopoly. The longer a single political party remains in power, the lower are firm productivity levels, growth rates, and sales growth for manufacturing. In contrast, the business environment and firm characteristics (except for foreign investment) do not matter as much. The paper also finds evidence that the effects of the political and business environment are heterogeneous across sectors and firms of various levels of technology
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  • 32
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (27 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Le Goff, Maëlan Does Trade Reduce Poverty?
    Abstract: Although trade liberalization is being actively promoted as a key component in development strategies, theoretically, the impact of trade openness on poverty reduction is ambiguous. A more liberalized trade regime is argued to change relative factor prices in favor of the more abundant factor. If poverty and relative low income stem from abundance of labor, greater trade openness should lead to higher labor prices and a decrease in poverty. However, should the re-allocation of factors be hampered, the expected benefits from freer trade may not materialize. The theoretical ambiguity on the effects of openness is reflected in the available empirical evidence. This paper examines how the effect of trade openness on poverty may depend on complementary reforms that help a country take advantage of international competition. Using a non-linear regression specification that interacts a proxy of trade openness with proxies of various country structural specificities and a panel of 30 African countries over the period 1981-2010, the analysis finds that trade openness tends to reduce poverty in countries where financial sectors are deep, education levels high and governance strong
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  • 33
    Language: English
    Pages: Online-Ressource (39 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Bas, Maria Chinese Trade Reforms, Market Access and Foreign Competition
    Abstract: A unilateral trade reform generates two opposite effects: market access expansion and strengthening of competitive pressures in the liberalized market. Using detailed trade and firm-level data from France, the authors investigate how French firms' product scope and export sales changed after Chinese liberalization vis-à-vis Asian liberalization. The findings suggest that lower Chinese import tariffs account on average for 7 percent of the new products exported by French firms, and for 18 percent of additional French export sales. These results are robust when accounting for foreign competition faced by French firms in the liberalized market
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  • 34
    Language: English
    Pages: Online-Ressource (39 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Zant, Wouter How is the Liberalization of Food Markets Progressing?
    Abstract: The paper proposes a modification of Baulch's parity bounds model to measure the market integration of food markets in developing countries. Instead of extrapolating a single observation of transaction costs, it estimates transaction costs. Predicted transaction costs compare well with survey data of traders. Probabilities of market regimes, computed on the basis of predicted transaction costs, fluctuate significantly and do not support fixed regime probabilities over time. The probability of market integration with trade decreases consistently during food shortages, increasing either the probability of no trade or loss-making trade or the probability of profitable but unexploited trade opportunities. The data support a negative trend in market integration with trade
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  • 35
    Language: English
    Pages: Online-Ressource (51 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Khandker, Shahidur R Does Access to Finance Matter in Microenterprise Growth?
    Abstract: In less-developed economies such as Bangladesh, the farm sector is the major source of employment and income, while the rural nonfarm sector provides as an additional source of income. But the rural nonfarm sector increasingly plays an important role in fostering the development of the rural economy. A significant share of this sector is made up of microenterprise activities, which requires investment and access to adequate funds. This paper investigates the role access to finance plays in promoting the efficiency and growth of microenterprise activities. The findings suggest that households engaged in microenterprise activities, in addition to farm and other nonfarm activities, are much better off (in terms of income, expenditure and poverty) than those not engaged in such activities. Fewer than 10 percent of the enterprises have access to institutional finance (formal banks or microcredit), although the rate of return on microenterprise investments is more than sufficient (36 percent per year) to repay institutional loans. The research suggests that credit constraints may reduce the enterprises' profit margin by as much as 13.6 percent per year. As the returns to microenterprise investment are found to be high, microfinance institutions can play a larger role in supporting microenterprise growth in Bangladesh
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  • 36
    Language: English
    Pages: Online-Ressource (57 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Akresh, Richard Cash Transfers and Child Schooling
    Abstract: The authors conduct a randomized experiment in rural Burkina Faso to estimate the impact of alternative cash transfer delivery mechanisms on education. The two-year pilot program randomly distributed cash transfers that were either conditional or unconditional. Families under the conditional schemes were required to have their children ages 7-15 enrolled in school and attending classes regularly. There were no such requirements under the unconditional programs. The results indicate that unconditional and conditional cash transfer programs have a similar impact increasing the enrollment of children who are traditionally favored by parents for school participation, including boys, older children, and higher ability children. However, the conditional transfers are significantly more effective than the unconditional transfers in improving the enrollment of "marginal children" who are initially less likely to go to school, such as girls, younger children, and lower ability children. Thus, conditionality plays a critical role in benefiting children who are less likely to receive investments from their parents
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  • 37
    Language: English
    Pages: Online-Ressource (31 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Choi, Jae-Young Achieving Medium Term Expenditure Framework Reform
    Abstract: A medium-term expenditure framework is considered an essential element of public financial management reform, and this framework has been adopted in many countries. However, in terms of implementation in those countries, the medium-term expenditure framework continues to present a significant challenge within the budget process. This case study provides an inside story of medium-term expenditure framework reform in the Republic of Korea and offers some suggestive evidence about the impact of the reform. Drawing on theories of change management, the study explores how actors within the Korean government created acceptance of reform needs among relevant stakeholders, how they handled various challenges throughout the reform, how they built capacity among stakeholders, and how they institutionalized the reform measures that were consistent with stakeholder incentives. The case highlights the following implications: (1) having strong support from top decision makers is essential to successful medium-term expenditure framework reform; (2) finding ways of integrating a medium-term expenditure framework into the budget process is critical; and (3) making the framework stable and sustainable requires both capacity building of relevant stakeholders and significant organizational restructuring
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  • 38
    Language: English
    Pages: Online-Ressource (24 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: De Walque, Damien Using Provider Performance Incentives to Increase HIV Testing and Counseling Services in Rwanda
    Abstract: Paying for performance provides financial rewards to medical care providers for improvements in performance measured by specific utilization and quality of care indicators. In 2006, Rwanda began a paying for performance scheme to improve health services delivery, including HIV/AIDS services. This study examines the scheme's impact on individual and couples HIV testing and counseling and using data from a prospective quasi-experimental design. The study finds a positive impact of paying for performance with an increase of 6.1 percentage points in the probability of individuals having ever been tested. This positive impact is stronger for married individuals: 10.2 percentage points. The results also indicate larger impacts of paying for performance on the likelihood that the respondent reports both partners have ever been tested, especially among discordant couples (14.7 percentage point increase) in which only one of the partners is HIV positive
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  • 39
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (32 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Ceriani, Lidia The Income Lever and the Allocation of Aid
    Abstract: The paper develops a concept and a measure of the monetary capacity of a country to reduce its own poverty and shows how these tools can be used to guide budget allocations or the allocation of aid. The authors call this concept the income lever. Making use of tax and distributive theory, the paper shows how different redistributive criteria correspond to the different normative criteria of the income lever. It then constructs various income lever indexes based on these criteria and uses such indexes to rank countries according to their own capacity to reduce poverty. As shown in the empirical application, this methodology can provide an equitable tool to rank countries or regions when it comes to budget or aid allocations, whether it is the allocation of social funds within the European Union (North-North transfers) or the allocation of aid from rich to poor countries (North-South transfers). The findings indicate that the allocation of social funds in the European Union follows closely the rank that results from the income lever indexes proposed while the allocation of aid to Sub-Saharan African countries does not
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  • 40
    Language: English
    Pages: Online-Ressource (19 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Gibson, John What Does Variation in Survey Design Reveal about the Nature of Measurement Errors in Household Consumption?
    Abstract: This paper uses data from eight different consumption questionnaires randomly assigned to 4,000 households in Tanzania to obtain evidence on the nature of measurement errors in estimates of household consumption. While there are no validation data, the design of one questionnaire and the resources put into its implementation make it likely to be substantially more accurate than the others. Comparing regressions using data from this benchmark design with results from the other questionnaires shows that errors have a negative correlation with the true value of consumption, creating a non-classical measurement error problem for which conventional statistical corrections may be ineffective
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  • 41
    Language: English
    Pages: Online-Ressource (32 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Aksoy, M. Ataman Demand Growth versus Market Share Gains
    Abstract: This paper decomposes manufacturing import growth rates in a selected set of large industrial and developing countries (five industrial and eight developing) and measures the relative contributions of domestic demand and market share changes for two separate periods 1991/92-2001/02 and 2001/02-2007/08. It also shows the shares of imports both from the rest of the world and from developing countries for aggregate and three-digit manufacturing sectors. Import growth is much higher during the 2000s driven by higher demand growth rates. While market share changes explain most of the growth during the 1990s, its contribution is relatively smaller during the 2000s. Imports from developing countries have grown much faster both in industrial and developing country markets driven primarily by market share changes. However, more than half of market share gains by developing countries are caused by the exports of China, which accounts for more than 70 percent of market share gains of developing countries in the sample countries during the 2000s. Despite rapid growth, developing countries' share in the gross absorption of the sample countries is still low and can expand substantially even if demand growth is much lower in the near future
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  • 42
    Language: English
    Pages: Online-Ressource (39 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Lavelle, Kathryn C American Politics, the Presidency of the World Bank, and Development Policy
    Abstract: The World Bank's president has been an American by tradition. Yet little work has explored the consequences for this connection in influencing visions of development in the organization across time. This paper uses evidence from archives, congressional hearing records, and memoirs and histories of World Bank presidents to investigate United States-World Bank relations and development policy during four presidencies-Eugene Meyer, Eugene Black, Robert McNamara, and James Wolfensohn. The author argues that at times the political arrangements had the effect of pushing the Bank toward greater institutional independence from the United States, particularly when partisanship in American politics rose and new United States presidential administrations came into office with the World Bank president's term holding over from before. At other times, United States-World Bank connections pulled the Bank into foreign policy issues in the United States that the Bank might not otherwise have addressed when advocates pressed their case on Capitol Hill
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  • 43
    Language: English
    Pages: Online-Ressource (51 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Kilic, Talip Caught in a Productivity Trap
    Abstract: In targeting poverty gains, sub-Saharan African governments have emphasized the alleviation of gender differences in agricultural productivity. The empirical studies on the gender gap, however, have frequently used data that were limited regarding geographic and topical coverage, and/or details on intra-household dynamics. The study provides a nationally-representative analysis of the gender gap in Malawi, and decomposes it, for the first time, at the mean and at selected points of the agricultural productivity distribution into (i) a portion driven by gender differences in levels of observable attributes (the endowment effect), and (ii) a portion driven by gender differences in returns to the same set of observables (the structure effect). Sequentially, the authors unpack the relative contributions of different factors towards the gender gap, and suggest future research priorities to inform policy interventions. The authors find that while female-managed plots are, on average, 25 percent less productive, 82 percent of this differential is explained by differences in endowments, mainly due to high-value crop cultivation and levels of household adult male labor inputs. The factors driving the structure effect include child dependency ratio and effectiveness of household adult male labor and inorganic fertilizer. The gender gap increases across the productivity distribution, ranging from 22 percent at the 10th percentile to 37 percent at the 90th percentile. While it is explained predominantly by the endowment effect in the first half of the distribution, the contribution of the structure effect towards the gender gap increases steadily above the median, standing at 34 percent at the 90th percentile
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  • 44
    Language: English
    Pages: Online-Ressource (49 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Azevedo, João Pedro Fifteen Years of Inequality in Latin America
    Abstract: Household income inequality has declined in Latin America in the past decades, contributing significantly to poverty reduction in the region. Although available evidence shows that changes in the labor income are among the main factors behind these inequality trends, few studies have analyzed more closely the labor market dynamics that have led to a decline in total income inequality in some countries, but also to an increase in others. Using household survey data for a sample of 15 countries in Latin America from 1995 to 2010, this paper uses an extension of the Juhn-Murphy-Pierce methodology to decompose changes in labor income inequality (hourly wages) into a quantity effect (capturing changes in the distribution of workers' skills), price effect (reflecting returns to skills), and unobservables effect (other components, within skill groups, affecting labor income). The results show that falling returns to skills for both education and experience is, on average, driving the decline in labor income inequality in Latin America. The quantity effect, in turn, has contributed little to inequality reduction, mostly attributable to a larger dispersion in years of experience, possibly linked to the region's demographic transition and to significant increases in female labor force participation. Additional findings show that wage inequality, still high in the region, is coupled with inequality in terms of hours worked. The paper complements the existing literature by presenting separate results for males and females, as well as formal and informal sector workers as an attempt to control for secular shifts in these characteristics
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  • 45
    Language: English
    Pages: Online-Ressource (33 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Newman, John L Setting Reasonable Performance Targets for Public Service Delivery
    Abstract: Reaching agreement on a reasonable performance target is a challenge, with costs associated with getting it wrong. Attention in the literature has focused on the potential negative effects of gaming or of creaming. However, even if there is no gaming or creaming taking place, there can still be costs associated with setting a level of the performance target that is either too low or too high. On the one hand, if the negotiated performance target is too low, there is a strong risk that the target would be met without any change in behavior or performance from what would have been realized without a performance management system. In that case, there would be no benefit-only the cost of covering the administrative costs associated with developing the monitoring and management systems. On the other hand, if the negotiated performance target is too high, there could also be significant costs. The exact nature of the costs depends on which one of two unattractive options the principal chooses to follow once it becomes apparent that the performance targets were set unrealistically high. If the principal chooses simply to waive any possible repercussions for the agents for not meeting the performance targets, this can undermine the credibility of the system. If the principal insists on holding agents to meeting the performance targets-no matter how unrealistic they were-this can breed resentment and adversely affect future productivity. This paper considers some approaches to target setting that have been used in the literature and proposes an approach based on the use of quantile regressions to construct a Characteristic Adjusted Performance distribution of performance to guide the selection of targets. The paper then presents two concrete examples of applications of this approach related to the setting of targets on School Test Scores and Improvement in Homicide rates in Police Districts in the State of Minas Gerais, Brazil
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  • 46
    Language: English
    Pages: Online-Ressource (33 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Macours, Karen Demand versus Returns?
    Abstract: Interventions aimed at increasing the income generating capacity of the poor, such as vocational training, micro-finance or business grants, are widespread in the developing world. How to target such interventions is an open question. Many programs are self-targeted, but if perceived returns differ from actual returns, those self-selecting to participate may not be those for whom the program is the most effective. The authors analyze an unusual experiment with very high take-up of business grants and vocational skills training, randomly assigned among nearly all households in selected poor rural communities in Nicaragua. On average, the interventions resulted in increased participation in non-agricultural employment and higher income from related activities. The paper investigates whether targeting could have resulted in higher returns by analyzing heterogeneity in impacts by stated baseline demand, prior participation in non-agricultural activities, and a wide range of complementary asset endowments. The results reveal little heterogeneity along observed baseline characteristics. However, the poorest households are more likely to enter and have higher profits in non-agricultural self-employment, while less poor households assigned to the training have higher non-agricultural wages. This heterogeneity appears related to unobserved characteristics that are not revealed by stated baseline demand, and more difficult to target. In this context, self-targeting may reduce the poverty-reduction potential of income generating interventions, possibly because low aspirations limit the poor's ex-ante demand for productive interventions while the interventions have the potential to increase those aspirations. Overall, targeting productive interventions to poor households would not have come at the cost of reducing their effectiveness. By contrast, self-targeting would have limited poverty reduction by excluding the poorest
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  • 47
    Language: English
    Pages: Online-Ressource (51 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Gouel, Christophe Food Price Volatility and Domestic Stabilization Policies in Developing Countries
    Abstract: When food prices spike in countries with large numbers of poor people, public intervention is essential to alleviate hunger and malnutrition. For governments, this is also a case of political survival. Government actions often take the form of direct interventions in the market to stabilize food prices, which goes against most international advice to rely on safety nets and world trade. Despite the limitations of food price stabilization policies, they are widespread in developing countries. This paper attempts to untangle the elements of this policy conundrum. Price stabilization policies arise as a result of international and domestic coordination problems. At the individual country level, it is in the national interest of many countries to adjust trade policies to take ad-vantage of the world market in order to achieve domestic price stability. When countercyclical trade policies become widespread, the result is a thinner and less reliable world market, which further decreases the appeal of laissez-faire. A similar vicious circle operates in the domestic market: without effective policies to protect the poor, such as safety nets, food market liberalization lacks credibility and makes private actors reluctant to intervene, which in turn forces government to step in. The current policy challenge lies in designing policies that will build trust in world markets and increase trust between pub-lic and private agents
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  • 48
    Language: English
    Pages: Online-Ressource (39 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Mayneris, Florian Chinese Firms' Entry to Export Markets
    Abstract: In this paper, the effect of proximity to multinational exporters on the creation of new export linkages (the extensive margin of trade) is debated. Using panel data from Chinese customs for 1997-2007, the capacity for Chinese domestic firms to begin exporting new varieties to new markets is shown to respond positively to the export activity of neighboring foreign firms. These spillovers are shown to be product and country specific. This conclusion is robust to fixed effects and instrumental variable specifications that control for both supply and demand shocks that could bias the estimations. The impact is sizable. The marginal impact of product-country-specific foreign export spillovers is five times as large as the effect of a 10 percent increase in the demand for the product in the destination country. Foreign export spillovers are also shown to be primarily limited to ordinary trade activities. Overall, our findings suggest that even for a country with an important cost-advantage such as China, there is room for initiatives from policy-makers that will diffuse best practices regarding export experience among exporters
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  • 49
    Language: English
    Pages: Online-Ressource (44 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Ghani, Ejaz Diasporas and Outsourcing
    Abstract: This paper examines the role of the Indian diaspora in the outsourcing of work to India. The data are taken from oDesk, the world's largest online platform for outsourced contracts. Despite oDesk minimizing many of the frictions that diaspora connections have traditionally overcome, diaspora connections still matter on oDesk, with ethnic Indians substantially more likely to choose a worker in India. This higher placement is the result of a greater likelihood of choosing India for the initial contract, due in large part to taste-based preferences, and substantial path dependence in location choices. The paper further examines wage and performance outcomes of outsourcing as a function of ethnic connections
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  • 50
    Language: English
    Pages: Online-Ressource (41 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Fardoust, Shahrokh Subnational Fiscal Policy in Large Developing Countries
    Abstract: In response to the Great Recession of 2008, many national governments implemented fiscal stimuli packages in 2009 and 2010 to prevent further declines in aggregate demand and to jump start their economic recovery. Where subnational governments responded with fiscal contraction, as in the United States, the impact was muted; where states/provinces also expanded expenditures, as in China and India, the impact was magnified. Increases in recurrent expenditure, which were made in Brazil and India, acted as short-term stimulants; additional public investment, as in China, appears to have had a more lasting impact on growth. Large developing countries typically exhibit high interregional inequality in levels of development and global integration, resulting in differential magnitude and timing of the crisis impact. For example, coastal states in India were affected more severely and quickly than landlocked states; revenue moved in opposite directions in the two types of state in 2009. Where fiscal stress varies widely across subnational entities, central transfers alone cannot prevent pro-cyclicality of subnational fiscal response to a recession. There is need for flexibility in subnational borrowing within a sustainable fiscal framework. Many Indian states were able to maintain or accelerate their spending thanks to the additional borrowing permitted in 2009 and 2010. In comparison, limited borrowing capacity and lack of flexibility in federal grants restricted the contribution of Brazilian states to fiscal stimulus. Legal prohibition of subnational borrowing induced China's provinces to finance additional investments through extra-budgetary borrowing by nongovernment entities, with significant fiscal risks on account of contingent liabilities
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  • 51
    Language: English
    Pages: Online-Ressource (47 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Demirguc-Kunt, Asli Financial Inclusion and Legal Discrimination against Women
    Abstract: This paper documents and analyzes gender differences in the use of financial services using individual-level data from 98 developing countries. The data, drawn from the Global Financial Inclusion (Global Findex) database, highlight the existence of significant gender gaps in ownership of accounts and usage of savings and credit products. Even after controlling for a host of individual characteristics including income, education, employment status, rural residency and age, gender remains significantly related to usage of financial services. This study also finds that legal discrimination against women and gender norms may explain some of the cross-country variation in access to finance for women. The analysis finds that in countries where women face legal restrictions in their ability to work, head a household, choose where to live, and receive inheritance, women are less likely to own an account, relative to men, as well as to save and borrow. The results also confirm that manifestations of gender norms, such as the level of violence against women and the incidence of early marriage for women, contribute to explaining the variation in the use of financial services between men and women, after controlling for other individual and country characteristics
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  • 52
    Language: English
    Pages: Online-Ressource (47 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Borja-Vega, Christian Municipal Vulnerability to Climate Change and Climate Related Events in Mexico
    Abstract: A climate change vulnerability index in agriculture is presented at the municipal level in Mexico. Because the index is built with a multidimensional approach to vulnerability (exposure, sensitivity and adaptive capacity), it represents a tool for policy makers, academics and government alike to inform decisions about climate change resilience and regional variations within the country. The index entails baseline (2005) and prediction (2045) levels based on historic climate data and future-climate modeling. The results of the analysis suggest a wide variation in municipal vulnerability across the country at baseline and prediction points. The vulnerability index shows that highly vulnerable municipalities demonstrate higher climate extremes, which increases uncertainty for harvest periods, and for agricultural yields and outputs. The index shows at baseline that coastal areas host some of the most vulnerable municipalities to climate change in Mexico. However, it also shows that the Northwest and Central regions will likely experience the largest shifts in vulnerability between 2005 and 2045. Finally, vulnerability is found to vary according to specific variables: municipalities with higher vulnerability have more adverse socio-demographic conditions. With the vast municipal data available in Mexico, further sub-index estimations can lead to answers for specific policy and research questions
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  • 53
    Language: English
    Pages: Online-Ressource (55 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Fukase, Emiko Export Liberalization, Job Creation and the Skill Premium
    Keywords: Handelsliberalisierung ; Außenhandel mit Industriegütern ; Handelsabkommen ; Beschäftigungseffekt ; Qualifikation ; USA ; Vietnam
    Abstract: This paper explores how the expansion of labor-intensive manufacturing exports resulting from the United States-Vietnam Bilateral Trade Agreement in 2001 translated into wages of skilled and unskilled workers and the skill premium in Vietnam through the channel of labor demand. In order to isolate the impacts of trade shock from the effects of other market-oriented reforms, a strategy of exploiting the regional variation in difference in exposure to trade is employed. Using the data on panel individuals from the Vietnam Household Living Standards Surveys of 2002 and 2004, and addressing the issue of endogeneity, the results confirm the existence of a Stolper-Samuelson type effect. That is, those provinces more exposed to the increase in exports experienced relatively larger wage growth for unskilled workers and a decline of (or a smaller increase in) the relative wages of skilled and unskilled workers. During the period 2000-2004, the skill premium increased for Vietnam's economy as a whole in the sample of panel individuals. Thus, the Stolper-Samuelson type effect appears to have mitigated but did not outweigh the impacts of other factors that contributed to the rise in the skill premium
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  • 54
    Language: English
    Pages: Online-Ressource (34 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Framstad, Nils Christian Energy Intensive Infrastructure Investments with Retrofits in Continuous Time
    Abstract: Energy-intensive infrastructure may tie up fossil energy use and carbon emissions for a long time after investments, making the structure of such investments crucial for society. Much or most of the resulting carbon emissions can often be eliminated later, through a costly retrofit. This paper studies the simultaneous decision to invest in such infrastructure, and retrofit it later, in a model where future climate damages are uncertain and follow a geometric Brownian motion process with positive drift. It shows that greater uncertainty about climate cost (for given unconditional expected costs) then delays the retrofit decision by increasing the option value of waiting to invest. Higher energy intensity is also chosen for the initial infrastructure when uncertainty is greater. These decisions are efficient given that energy and carbon prices facing the decision maker are (globally) correct, but inefficient when they are lower, which is more typical. Greater uncertainty about future climate costs will then further increase lifetime carbon emissions from the infrastructure, related both to initial investments, and to too infrequent retrofits when this emissions level is already too high. An initially excessive climate gas emissions level is then likely to be worsened when volatility increases
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  • 55
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (39 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Alderman, Harold How Can Safety Nets Contribute to Economic Growth?
    Abstract: The paper provides an up-to date and selective review of the literature on how social safety nets contribute to growth. The evidence is carefully chosen to show how safety nets have the potential to overcome constraints on growth linked to market failures, and is organized into 4 distinct pathways: i) encouraging asset accumulation by changing incentives and by addressing imperfections in financial markets caused by constraints in obtaining credit, and from information asymmetries; overcoming such failures helps households to invest into their human capital or productive assets; ii) failures in insurance markets especially in low income setting; safety nets are assisting in managing risk both ex post and ex ante; iii) safety nets are overcoming failure to create assets and other local economy complementary factors to household-level investments; iv) safety nets are shown to relax political constraints on policy. Safety nets have a dual objective of directly alleviating poverty through transfers to the poor and of triggering higher growth for the poor. However, the trade-off between the dual objectives of equity and growth is not eliminated by the potential for productive safety nets; this remains critical for designing social policies
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  • 56
    Language: English
    Pages: Online-Ressource (52 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Mattoo, Aaditya A "Greenprint" for International Cooperation on Climate Change
    Abstract: International negotiations on climate change have been dogged by mutual recriminations between rich and poor countries, constricted by the zero-sum arithmetic of a shrinking global carbon budget, and overtaken by shifts in economic power between industrialized and developing countries. To overcome these "narrative," "adding-up," and "new world" problems, respectively, this paper proposes a new Greenprint for cooperation. First, the large dynamic emerging economies-China, India, Brazil, and Indonesia-must assume the mantle of leadership, offering contributions of their own and prodding the reluctant industrial countries into action. This role reversal would be consistent with the greater stakes for the dynamic emerging economies. Second, the emphasis must be on technology generation. This would allow greater consumption and production possibilities for all countries while respecting the global emissions budget that is dictated by the climate change goal of keeping average temperature rise below 2 degrees centigrade. Third, instead of the old cash-for-cuts approach-which relies on the industrial countries offering cash (which they do not have) to the dynamic emerging economies for cuts (that they are unwilling to make)-all major emitters must make contributions. With a view to galvanizing a technology revolution, industrial countries would take early action to raise carbon prices. The dynamic emerging economies would in turn eliminate fossil fuel subsidies, commit to matching carbon price increases in the future, allow limited border taxes against their own exports, and strengthen protection of intellectual property for green technologies. This would directly and indirectly facilitate such a technological revolution
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  • 57
    Language: English
    Pages: Online-Ressource (46 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Bruhn, Miriam Why is Voluntary Financial Education so Unpopular?
    Abstract: Take-up of voluntary financial education programs is typically extremely low. This paper reports on randomized experiments around a large financial literacy course offered in Mexico City to understand the reasons for low take-up, and to measure the impact of financial education. It documents that the general public displays little interest in such courses and that participation is low even among individuals who express interest in financial education. The paper experimentally investigates barriers to take-up, and finds no impact of relaxing reputational or logistical constraints and no evidence that time inconsistency is the reason for limited participation. Even relatively sizeable monetary incentives get less than 40 percent of interested individuals invited to training to attend. Using a randomized encouragement design, the authors measure the impact of the course on financial knowledge and behavior. Attending training results in a 9 percentage point increase in financial knowledge and a 9 percentage point increase in saving outcomes, but no impact on borrowing behavior. Administrative data indicate that the savings impact is relatively short-lived. The results suggest people are making optimal choices not to attend financial education courses, and point to the limits of using general purpose courses to improve financial behavior for the general population
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  • 58
    Language: English
    Pages: Online-Ressource (35 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Nauges, Céline Water Hauling and Girls' School Attendance
    Abstract: In large parts of the world, a lack of home tap water burdens households as the water must be brought to the house from outside, at great expense in terms of effort and time. This paper studies how such costs affect girls' schooling in Ghana, with an analysis based on four rounds of the Demographic and Health Surveys. Using Global Positioning System coordinates, it builds an artificial panel of clusters, identifying the closest neighbors within each round. The results indicate a significant negative relation between girls' school attendance and water hauling activity, as a halving of water fetching time increases girls' school attendance by 2.4 percentage points on average, with stronger impacts in rural communities. The results seem to be the first definitive documentation of such a relationship in Africa. They document some of the multiple and wide population benefits of increased tap water access, in Africa and elsewhere
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  • 59
    Language: English
    Pages: Online-Ressource (36 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Wietzke, Frank-Borge Jobs, Wellbeing, and Social Cohesion
    Abstract: Recent events, including the Arab Revolutions and protest movement of unemployed youths in OECD countries, have contributed to the popular sentiment that access to good jobs is an important driver of social cohesion. While economic dimensions of labor market outcomes are relatively well documented, evidence on the link between social cohesion and employment conditions is still surprisingly scarce. This paper, a background report for the WDR 2013 on Jobs, presents descriptive evidence that illustrates possible linkages between labor market outcomes and social cohesion. The findings suggest that, once one passes the threshold from low to lower middle income countries, formal employment emerges as a determinant of a range of outcomes relating to social cohesion, such as membership in social associations or levels of political activism. There are also indications of an increasing association between work and life satisfaction across higher and lower middle income countries. The paper concludes with a discussion of the study's implications for emerging economies whose labor market and social institutions are still in transition
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  • 60
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (65 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Kojima, Masami Drawing a Roadmap for Oil Pricing Reform
    Abstract: In 2011, the median oil imports rose to 5 percent of gross domestic product for net importers. In the past several years, many governments have not passed through the world oil price increases to consumers fully. As a sign of divergent pricing policies, the retail prices of gasoline, diesel, and cooking gas in January 2013 varied by a factor of 190, 250, and 70, respectively, across developing countries. Policies to keep oil product prices low to benefit the economy and protect the poor have had a number of unintended negative consequences, including flourishing corruption in the oil sector and entrenchment of monopoly operators or inefficient firms through which subsidies are channeled, stifling competition and raising costs. The path to market-based pricing depends on the starting conditions: the gap between current and market-based price levels, the level of public awareness about the extent of departure from market prices, the degree of market concentration and competition in downstream oil, the subsidy delivery mechanism where subsidies are provided, the robustness of social service delivery, and the perceived credibility of the government. The evidence presented in this paper suggests that pricing reform often does not have a clear end and should instead be viewed as a continuous process of adjustment and search for mechanisms that take into account the country's institutions and political system, and the oil sector's market structure, infrastructure, and history
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  • 61
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (40 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Cebeci, Tolga Micro Dynamics of Turkey's Export Boom in the 2000s
    Abstract: This paper examines the microeconomics behind the dramatic export boom experienced by Turkey during the 2000s. Using disaggregated customs data covering the universe of export transactions for Turkey during the period 2002-2011, it characterizes firm-level dynamics in the export sector and decomposes export growth at the aggregate, sector, and destination market levels to identify the role of firm turnover, destination turnover, and product turnover. The paper shows that in the short-run, aggregate export growth is dominated by growth in continuous exporters, and for these, growth is dominated by exports to their continued destinations and of their continued products. However, the observed high degree of churning across firms, destinations, and products accounts in the long run for a substantial part of Turkey's export growth. The patterns of micro-dynamics of export growth are verified across sectors and across groups of destination markets with some exceptions regarding exports to new emerging markets where net entry by Turkish-based exporters plays a more critical role for long-run growth
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  • 62
    Language: English
    Pages: Online-Ressource (30 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Roseth, Benjamin Engaging for Results in Civil Service Reforms
    Abstract: Two related propositions have been central in the recent debates on public sector reforms. The first of these is that the appropriate measure of institutional strength is the ability of public sector management systems to deliver ("functionality") rather than the institutional "form" or what these institutions look like. This is a central idea in the World Bank's Public Sector Management (PSM) Approach 2011-2020. Second, and consistent with this, is the recognition that the process of engagement matters in the sense that how problems, solutions, and reform approaches are identified matters at least as much as what the solution is. This suggests that development institutions should focus on bringing a broad range of stakeholders together and facilitate a process of collective problem and solution identification. Recent contributions to the literature describe a "Problem-Driven Iterative Adaptation" approach as a means of putting this idea into practice. While both of these propositions have considerable intellectual and intuitive appeal, they are based on an inductive logic and neither is currently backed with a large body of robust evidence. This paper contributes to this literature by documenting the experience of a civil service reform project-the World Bank-financed Sierra Leone Pay and Performance Project-the objective of which is to improve the performance of the civil service in Sierra Leone by targeting a narrowly defined set of critical reforms. The paper concludes that intensive, client-led engagement together with use of a results-based lending instrument provide a promising way forward on a difficult reform agenda
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  • 63
    Language: English
    Pages: Online-Ressource (26 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Sugawara, Naotaka Credit-Less Recoveries
    Abstract: This paper examines why some countries experience economic recoveries without pick-up of bank credit (credit-less) and how different this recovery pattern is from the case where credit is increased as an economy recovers (credit-with). To answer these questions, the paper uses quarterly data covering 96 countries and identifies 272 recovery episodes. It finds that more than 25 percent of all recoveries are credit-less and around 45 percent of all credit-less recoveries occurred in 2009-10. It also finds that output and investment growth tends to be lower in credit-less events but, by eight quarters after the trough date, the gap between credit-less and credit-with episodes is mostly exhausted. Results of the probit estimations show that the size of the downturn and the extent of external adjustment are associated with the likelihood of credit-less recoveries. Moreover, fiscal loosening tends to be related to credit-less events while monetary easing and a country's decision to seek an International Monetary Fund-supported program reduce the probability of credit-less recoveries. Finally, the model suggests that many countries in the Europe and Central Asia region were likely to experience credit-less recoveries following the global financial crisis in 2008/09. What is more worrisome for them is the fact that they are facing another negative external shock
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  • 64
    Language: English
    Pages: Online-Ressource (27 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Basu, Kaushik How to Move the Exchange Rate If You Must
    Abstract: The paper is about the art of exchange rate management by central banks. It begins by reviewing the diversity of objectives and practices of central bank intervention in the foreign exchange market. Central banks typically exercise discretion in determining when and to what extent to intervene. Some central banks use publicly declared rules of intervention, with the aim of increasing visibility and strengthening the signaling channel of policy. There is tentative evidence that the volatility of foreign exchange reserves is comparatively lower in emerging market economies where central banks follow some form of rules-based foreign exchange intervention. The paper goes on to argue that when the foreign exchange market includes some large strategic participants, the central bank can achieve superior outcomes if intervention takes the form of a rule, or "schedule," indicating commitments to buying and selling different quantities of foreign currency conditional on the exchange rate. Exchange rate management and reserve management can then be treated as two independent objectives by the central bank. In line with the stylized facts reviewed, this would enable a central bank to pursue exchange rate objectives with minimum reserve changes, or achieve reserve targets with minimum impact on the exchange rate
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  • 65
    Language: English
    Pages: Online-Ressource (24 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Larson, Donald F Blue Water and the Consequences of Alternative Food Security Policies in the Middle East and North Africa for Water Security
    Abstract: In the Middle East and North Africa, food security and water security are tightly entwined. In particular, choices about the extent to which food security policies rely on trade rather than domestically produced staples have stark consequences for the region's limited water resources. This paper builds on previous modeling results comparing the cost and benefits of policies to protect consumers against surging international wheat prices, and expands the analysis to consider the consequences of the policies for water resources. A self-sufficiency policy is analyzed as well. Results suggest that trade-based food security policies have no significant effect on the sustainability of water resources, while the costs of policies based on self-sufficiency for water resources are high. The analysis also shows that while information about the water footprint of alternative production systems is helpful, a corresponding economic footprint that fully measures the resource cost of water is needed to concisely rank alternative policies in economic terms that are consistent with sustainable outcomes
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  • 66
    Language: English
    Pages: Online-Ressource (46 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Fiszbein, Ariel Social Protection, Poverty and the Post-2015 Agenda
    Abstract: Social protection is absent from the Millennium Development Goals (MDGs), and only recently has gained some prominence in the post-2015 discourse. In the past quarter century, however, rising inequality has often accompanied economic growth. At the same time, the growing importance of risk and vulnerability on the wellbeing of the poor has been recognized. Further, there is now a consensus on adopting more ambitious goals on poverty reduction. Defining social protection as a collection of programs that address risk, vulnerability, inequality and poverty through a system of transfers in cash or in kind, this paper argues that social protection needs to be on the post-2015 agenda as a key element of the discourse. It provides an empirical overview of social protection around the world based on the World Bank's Atlas of Social Protection: Indicators of Resilience and Equity (ASPIRE) data set. Focusing on the goal of ending poverty, the paper estimates that social protection programs are currently preventing 150 million people from falling into poverty. Based on the data set, the paper develops, tentatively and for discussion, a set of candidate goals, indicators and targets for the acceleration of poverty reduction through social protection. The authors ask what it would take for social protection programs to contribute to halving the poverty gap in a country. They show that if all countries could achieve the actual poverty reduction efficiency already observed in the top quartile of countries, then 70 percent of the countries in the sample could achieve this goal. However, for 30 percent of the countries, even reaching the top quartile on efficiency will not be enough-for these countries, the issue is one of budgetary adequacy
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  • 67
    Language: English
    Pages: Online-Ressource (40 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Bofinger, Heinrich Calculating the Carbon Footprint from Different Classes of Air Travel
    Abstract: This paper develops a new methodology for calculating the "carbon footprint" of air travel whereby emissions from travel in premium (business and first) classes depend heavily on the average class-specific occupied floor space. Unlike methods currently used for the purpose, the approach properly accounts for the fact that the relative number of passenger seats in economy and premium classes is endogenous in the longer term, so adding one additional premium trip crowds out more than one economy trip on any particular flight. It also shows how these differences in carbon attributable to different classes of travel in a carbon footprint calculation correspond to how carbon surcharges on different classes of travel would differ if carbon emissions from international aviation were taxed given a competitive aviation sector globally. The paper shows how this approach affects carbon footprint calculations by applying it to World Bank staff travel for calendar year 2009
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  • 68
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (103 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Fafchamps, Marcel Network Proximity and Business Practices in African Manufacturing
    Abstract: Patterns of correlation in innovation and contractual practices among manufacturing firms in Ethiopia and Sudan are documented. Network data that indicate whether any two firms in the utilized sample do business with each other, buy inputs from a common supplier, or sell output to a common client are used for the analysis. Only limited support is found for the commonly held idea that firms that are more proximate in a network sense are more likely to adopt similar practices. Indeed, for certain practices, adoption decisions appear to be local strategic substitutes: if one firm in a given location uses a certain practice, nearby firms are less likely to do so. These results suggest that the diffusion of technology and new business practices may play a more limited role in spurring growth in Africa's manufacturing sector than is often assumed in the present policy discussion
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  • 69
    Language: English
    Pages: Online-Ressource (48 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Castro, Vitor Duration Dependence and Change-Points in the Likelihood of Credit Booms Ending
    Abstract: Whether the likelihood of a credit boom ending is dependent on its age or not, or whether the respective behavior is smooth or bumpy are important issues to which the economic literature has not given attention yet. This paper tries to fill that gap, exploring those issues with a proper duration analysis. Credit booms are identified considering two criteria well established in the literature: (i) the Mendoza-Terrones criteria and (ii) and the Gourinchas-Valdes-Landarretche criteria. A continuous-time Weibull duration model is employed over a group of 71 countries for the period 1975q1-2010q4 to investigate whether credit booms are duration dependent or not. The findings show that the likelihood of credit booms ending increases over their duration and that these events have become longer over the past decades. In addition, the paper extends the baseline Weibull duration model in order to allow for change-points in the duration dependence parameter. The empirical findings support the presence of a change-point: increasing positive duration dependence is observed in booms that last less than eight to ten quarters, but it becomes decreasing or even irrelevant for longer events. Analogous results are found for those credit boom episodes that are followed by systemic banking crisis (bad credit booms). The findings also show that credit booms are, on average, longer in industrial than in developing countries
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  • 70
    Language: English
    Pages: Online-Ressource (42 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Arvis, Jean-François How Many Dimensions Do We Trade in?
    Abstract: This paper proposes a new quantitative implementation of Balassa's idea that export composition and revealed comparative advantage inform the relationship between endowments in domestic factors of production and exports. It proposes that the export composition of countries is close to a low-dimensional manifold or "Product Space" within the space of export composition, which has as many dimensions as product lines. The Product Space corresponds to a few latent endowments explaining the structure of the trade matrix. The model uses non-linear techniques to identify the product space from the 2010 export matrix of 128 countries and 61 products, and to estimate the latent factors of endowments by country. It formalizes a concept of latent comparative advantage, which has practical country specific applications, relevant for "trade competitiveness" policies. Compared with classical revealed comparative advantage, the model assesses how well countries are matching their potential implied by the latent variables, and also identifies products for which the latent advantage is not yet revealed (extensive margin). The data suggests that the degree of overlap between latent and revealed advantage is a metric of "trade competitiveness
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  • 71
    Language: English
    Pages: Online-Ressource (39 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Hevia, Constantino Partial Consumption Insurance and Financial Openness across the World
    Abstract: This paper examines the extent of international consumption risk sharing for a group of 50 industrial and developing countries. The analysis is based on the empirical implementation of a model of partial consumption insurance whose parameters have the natural interpretation of coefficients of partial risk sharing even when the null hypothesis of perfect risk sharing is rejected. Estimation results show that rich countries exhibit higher degrees of risk sharing than developing countries, and that the gap between both country groups appears to have widened over the period of financial globalization. Moreover, the pattern of consumption risk sharing is related to the degree of financial openness: countries with larger stocks of foreign assets or liabilities exhibit larger degrees of risk sharing. Furthermore, countries whose foreign asset stocks are more tilted towards foreign direct investment assets also show higher degrees of consumption risk sharing
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  • 72
    Language: English
    Pages: Online-Ressource (48 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Dahiya, Sandeep The Role of Private Equity Investments in Public Firms
    Abstract: This paper compares the raising of external equity capital from private equity investors via private investments in public equity (PIPEs) and seasoned equity offerings (SEOs) using a sample of 456 PIPEs and 1,910 SEOs drawn from nine Asian countries. Consistent with the idea that insiders attempt to time the markets, firms issuing SEOs are preceded by a significantly higher run-up in stock price compared with those issuing PIPEs. This result is consistent with the undervaluation hypothesis that states that firms are more likely to issue PIPEs when they perceive their stock to be undervalued. In contrast to the United States where this undervaluation appears to be driven by financial distress and asymmetric information, the results show PIPE and SEO issuers to be statistically undistinguishable from each other. The announcement of a PIPE offering is on average associated with a significantly higher stock market reaction compared with an issue of a SEO, suggesting that private equity investors may play a certification or monitoring role. However, a comparison of PIPE issuers' operating performance and stock market returns in the pre-issue and the post-issue periods does not detect any significant improvements
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  • 73
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (40 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Kraay, Aart Misunderestimating Corruption
    Abstract: Estimates of the extent of corruption rely largely on self-reports of individuals, business managers, and government officials. Yet it is well known that survey respondents are reticent to tell the truth about activities to which social and legal stigma are attached, implying a downward bias in survey-based estimates of corruption. This paper develops a method to estimate the prevalence of reticent behavior, in order to isolate rates of corruption that fully reflect respondent reticence in answering sensitive questions. The method is based on a statistical model of how respondents behave when answering a combination of conventional and random-response survey questions. The responses to these different types of questions reflect three probabilities-that the respondent has done the sensitive act in question, that the respondent exhibits reticence in answering sensitive questions, and that a reticent respondent is not candid in answering any specific sensitive question. These probabilities can be estimated using a method-of-moments estimator. Evidence from the 2010 World Bank Enterprise survey in Peru suggests reticence-adjusted estimates of corruption that are roughly twice as large as indicated by responses to standard questions. Reticence-adjusted estimates of corruption are also substantially higher in a set of ten Asian countries covered in the Gallup World Poll
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  • 74
    Language: English
    Pages: Online-Ressource (29 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Gaarder, Marie Impact Evaluation of Conflict Prevention and Peacebuilding Interventions
    Abstract: The international community is paying increased attention to the 25 percent of the world's population that lives in fragile and conflict affected settings, acknowledging that these settings represent daunting development challenges. To deliver better results on the ground, it is necessary to improve the understanding of the impacts and effectiveness of development interventions operating in contexts of conflict and fragility. This paper argues that it is both possible and important to carry out impact evaluations even in settings of violent conflict, and it presents some examples from a collection of impact evaluations of conflict prevention and peacebuilding interventions. The paper examines the practices of impact evaluators in the peacebuilding sector to see how they address evaluation design, data collection, and conflict analysis. Finally, it argues that such evaluations are crucial for testing assumptions about how development interventions affect change-the so-called "theory of change"-which is important for understanding the results on the ground
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  • 75
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (52 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Giles, John Expanding Social Insurance Coverage in Urban China
    Abstract: This paper first reviews the history of social insurance policy and coverage in urban China, documenting the evolution in the coverage of pensions and medical and unemployment insurance for both local residents and migrants, and highlighting obstacles to expanding coverage. The paper then uses two waves of the China Urban Labor Survey, conducted in 2005 and 2010, to examine the correlates of social insurance participation before and after implementation of the 2008 Labor Contract Law. A higher labor tax wedge is associated with a lower probability that local employed residents participate in social insurance programs, but is not associated with participation of wage-earning migrants, who are more likely to be dissuaded by fragmentation of the social insurance system. The existing gender gap in social insurance coverage is explained by differences in coverage across industrial sectors and firm ownership classes in which men and women work
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  • 76
    Language: English
    Pages: Online-Ressource (64 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Dang, Hai-Anh Measuring Poverty Dynamics with Synthetic Panels Based on Cross-Sections
    Abstract: Panel data conventionally underpin the analysis of poverty mobility over time. However, such data are not readily available for most developing countries. Far more common are the "snap-shots" of welfare captured by cross-section surveys. This paper proposes a method to construct synthetic panel data from cross sections which can provide point estimates of poverty mobility. In contrast to traditional pseudo-panel methods that require multiple rounds of cross-sectional data to study poverty at the cohort level, the proposed method can be applied to settings with as few as two survey rounds and also permits investigation at the more disaggregated household level. The procedure is implemented using cross-section survey data from several countries, spanning different income levels and geographical regions. Estimates fall within the 95 percent confidence interval-or even one standard error in many cases-of those based on actual panel data. The method is not only restricted to studying poverty mobility but can also accommodate investigation of other welfare outcome dynamics
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  • 77
    Language: English
    Pages: Online-Ressource (18 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Bruhn, Miriam Entry Regulation and Formalization of Microenterprises in Developing Countries
    Abstract: The majority of microenterprises in most developing countries remain informal despite more than a decade of reforms aimed at making it easier and cheaper for them to formalize. This paper summarizes the evidence on the effects of entry reforms and related policy actions to promote firm formalization. Most of these policies result only in a modest increase in the number of formal firms, if at all. Less is known about the impact of other forms of business regulations on the performance of low-scale enterprises. Most informal firms appear not to benefit on net from formalizing, so ease of formalization alone will not lead to most of them formalizing. Increased enforcement of rules can increase formality. Although there is a fiscal benefit of doing this with larger informal firms, it is unclear whether there is a public rationale for trying to formalize subsistence enterprises
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  • 78
    Language: English
    Pages: Online-Ressource (24 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Krauss, Alexander Understanding Child Labor in Ghana Beyond Poverty
    Abstract: One in six children age 6-14 are engaged in labor activities in Ghana, with child employment being the leading alternative to schooling. By exploring structural, institutional, geographic, monetary, demographic, and cultural factors affecting household decisions about child labor, the paper's main purpose is to identify the conditions and characteristics of working children, the root causes of their vulnerability, and thus help to inform decision-makers and actors who draft and implement public policy of possible ways to tackle child labor in Ghana. The paper empirically assesses the effects of individual, household, community, regional, and national factors on child labor simultaneously. Findings from the analysis indicate that the underlying causes of child labor vary from factors as widespread in their influence as the structure of the economy (which is largely shaped by family farming), demographics and relevant social norms to those as specific in their manifestation as the geographic isolation of particular groups in the North, a lack of higher returns to schooling up to the basic education level in rural areas, and the low priority and capacity to enforce anti-child labor laws. In addition, an interview conducted with the Minister of Education as well as interviews with Ghanaian children help identify specific interdependencies between child labor and schooling and highlight the societal and economic demand for children to be working. Finally, after identifying which constraints and enabling factors are most important, the paper outlines policy and reform approaches to tackle child labor in Ghana
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  • 79
    Language: English
    Pages: Online-Ressource (54 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Van de Walle, Dominique Long-Term Impacts of Household Electrification in Rural India
    Abstract: India's huge expansion in rural electrification in the 1980s and 1990s offers lessons for other countries today. The paper examines the long-term effects of household electrification on consumption, labor supply, and schooling in rural India over 1982-99. It finds that household electrification brought significant gains to consumption and earnings, the latter through changes in market labor supply. It finds positive effects on schooling for girls but not for boys. External effects are also evident, whereby households without electricity benefit from village electrification. Wage rates were unaffected. Methodologically, the results suggest sizeable upward biases in past estimates of the gains from electrification associated with how past analyses dealt with geographic effects
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  • 80
    Language: English
    Pages: Online-Ressource (63 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Angrist, Noam An Expansion of a Global Data Set on Educational Quality
    Abstract: This paper assembles a panel data set that measures cognitive achievement for 128 countries around the world from 1965 to 2010 in 5-year intervals. The data set is constructed from international achievement tests, such as the Programme for International Student Assessment and the Trends in International Mathematics and Science Study, which have become increasingly available since the late 1990s. These international assessments are linked to regional ones, such as the South and Eastern African Consortium for Monitoring of Educational Quality, the Programme d'Analyse des Systemes Educatifs de la Confemen, and the Laboratorio Latinoamericano de Evaluacion de la Calidad de la Educacion, in order to produce one of the first globally comparable data sets on student achievement. In particular, the data set is one of the first to include achievement in developing countries, including 29 African countries and 19 Latin American countries. The paper also provides a first attempt at using the data set to identify causal factors that boost achievement. The results show that key drivers of global achievement are civil rights and economic freedom across all countries, and democracy and economic freedom in a subset of African and Latin American countries
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  • 81
    Language: English
    Pages: Online-Ressource (27 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Bouguen, Adrien Impact Evaluation of Three Types of Early Childhood Development Interventions in Cambodia
    Abstract: Scaling up early childhood development services has the potential to increase children's cognitive and socio-emotional development and promote school readiness in a large segment of the population. This study used a randomized controlled trial approach to evaluate three scaled-up programs designed to widen access to early childhood development services: formal preschools, community preschools, and home-based services. The impacts of all three programs fell short of expectations because of two key flaws in how they were scaled up. First, implementation did not receive due attention; as a result, school facilities were not completed as planned, community-based programs were not always established, and low, irregular stipends created difficulties in hiring and retaining teachers. Second, the services that were available were not promoted and thus not used as widely as anticipated. The results imply that the quality of programs supplied is critical, as is attention to the demand side of the problem. The finding that these programs fell short of expectations does not mean that interventions such as these are ineffective. Rather, it indicates that quality and demand require careful attention in attempts to scale up early childhood development interventions, and any problems should be addressed prior to evaluating effectiveness
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  • 82
    Language: English
    Pages: Online-Ressource (24 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Oberhofer, Harald Determinants of Job Creation in Eleven New EU Member States
    Abstract: This paper builds on the analysis of job creation developed in World Bank (2013) to provide an empirical investigation of the industry and firm-specific determinants of the job creation process in eleven new European Union (EU11) economies. It relies on the Amadeus dataset of firms during 2002-2009. The main results indicate that during the years prior to the global financial crisis, traditional industries were crucial for the net creation of jobs in EU11. However, traditional industries were the ones most severely affected by the financial crisis. By contrast, services firms were less vulnerable to the economic downturn. At the firm level, small and young firms registered the highest employment growth rates. The empirical results also indicate that more productive firms tended to be less vulnerable to economic downturns. Moreover, the results demonstrate that the perceived quality of the business climate by the EU11 enterprises is correlated with not only the firms' employment growth, but also their productivity. In the post-crisis period, poor business restrictions were negatively associated with the creation of jobs. All these findings hold for the group of high-growth firms that disproportionately accounted for the creation of new jobs in the EU11 economies
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  • 83
    Language: English
    Pages: Online-Ressource (41 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Akyeampong, Emmanuel The Contribution of African Women to Economic Growth and Development in Post-Colonial Africa
    Abstract: This paper draws on history, anthropology, and economics to examine the dynamics and extent of women's contribution to growth and economic development in post-colonial Africa. The paper investigates the paradox of increased female enrollment in education and the persistence of gender discrimination in labor force participation; it also considers the overwhelming importance of the informal economy in female economic activity. The first axis the paper studies is whether reducing educational gender gaps enhances growth in per capita gross domestic product and reduces female fertility rates and infant mortality. The question is, why would some African countries resist this pattern? The second axis examines agriculture and home production. Women's economic activities in the informal economy largely represent the commercialization of domestic skills and dependence on social networks. The shunting of female production to the informal sector in the male-dominated colonial economy is easy to understand, but why has the informal economy persisted where female production is concerned well beyond the colonial period? The paper attempts to explain these trajectories by using country case studies on Senegal, Botswana, and Kenya. Although women's contribution to growth and economic development seems to be positive and significant in predominantly Christian and mineral-rich economies, it is more constrained in pronounced Muslim dominated countries and agrarian economies. At the same time, impressive uniform growth in informal sector production in recent years suggests that occupational job segregation and gender inequality remain strong across the region, despite the apparent loosening of traditional norms and cultural beliefs, most notably illustrated by the reduction in educational gender gaps and increased female labor force participation rates
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  • 84
    Language: English
    Pages: Online-Ressource (40 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Barrera-Osorio, Felipe Incentivizing Schooling for Learning
    Abstract: This paper evaluates a primary school scholarship program in Cambodia with two different targeting mechanisms, one based on poverty level and the other on baseline test scores ("merit"). Both targeting mechanisms increased enrollment and attendance. However, only the merit-based targeting induced positive effects on test scores. The paper shows that the asymmetry of response is unlikely to have been driven by differences between recipients' characteristics. Higher student and family effort among beneficiaries of the merit-based scholarships suggest that the framing of the scholarship mattered for impact. The results suggest that in order to balance equity and efficiency, a two-step targeting approach might be preferable: first, target low-income individuals, and then, among them, target based on merit
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  • 85
    Language: English
    Pages: Online-Ressource (18 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Lustig, Nora Deconstructing the Decline in Inequality in Latin America
    Abstract: Inequality in Latin America unambiguously declined in the 2000s. The Gini coefficient fell in 16 of the 17 countries where there are comparable data, and the change was statistically significant for all of them. Existing studies point to two main explanations for the decline in inequality: a reduction in hourly labor income inequality, and more robust and progressive government transfers. Available evidence suggests that it is the skill premium-or, more precisely, the returns to primary, secondary, and tertiary education vs. no schooling or incomplete primary schooling-that drives the decline in hourly labor income inequality. The causes behind the decline in returns to schooling, however, have not been unambiguously established. Some studies find that returns fell because of an increase in the supply of workers with more educational attainment; others, because of a shift in demand away from skilled labor
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  • 86
    Language: English
    Pages: Online-Ressource (53 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Artuç, Erhan A Mapping of Labor Mobility Costs in Developing Countries
    Abstract: Estimates of labor mobility costs are needed to assess the responses of employment and wages to trade shocks when factor adjustment is costly. Available methods to estimate those costs rely on panel data, which are seldom available in developing countries. The authors propose a method to estimate mobility costs using readily obtainable data worldwide. The estimator matches the changes in observed sectoral employment allocations with the predicted allocations from a model of costly labor adjustment. This paper estimates a world map of labor mobility costs and uses those estimates to explore the response of labor markets to trade policy
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  • 87
    Language: English
    Pages: Online-Ressource (27 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Aedo, Cristian From Occupations to Embedded Skills
    Abstract: This paper derives the skill content of 30 countries, ranging from low-income to high-income ones, from the occupational structure of their economies. Five different skills are defined.. Cross-country measures of skill content show that the intensity of national production of manual skills declines with per capita income in a monotonic way, while it increases for non-routine cognitive and interpersonal skills. For some countries, the analysis is able to trace the development of skill intensities of aggregate production over time. The paper finds that although the increasing intensity of non-routine skills is uniform across countries, patterns of skill intensities with respect to different forms of routine skills differ markedly
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  • 88
    Language: English
    Pages: Online-Ressource (42 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Mundaca, Luis Transaction Costs of Low-Carbon Technologies and Policies
    Abstract: Transaction costs are major challenge to moving forward toward low-carbon economic growth, as new technologies or policies tend to have higher transaction costs compared with those in the business as usual situation. However, neither a well-developed theoretical foundation nor a consensus interpretation is available for those transaction costs in the existing literature. The definitions and therefore the estimations of transaction costs vary across existing studies. The wide variations in the estimates could be attributed to several factors such as the very definitions and scope of transaction costs considered in the studies, the methodology for quantifying these costs, the type and size of low-carbon technologies, and complexities involved in the transactions. Nevertheless, the existing literature converges on addressing market failures, such as lack of information, in developing regulatory and institutional capacity to enhance private sector confidence in energy efficiency business as a key means to help reduce the transaction costs of low-carbon technologies
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  • 89
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (35 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Dollar, David Growth Still is Good for the Poor
    Abstract: Incomes in the poorest two quintiles on average increase at the same rate as overall average incomes. This is because, in a global dataset spanning 118 countries over the past four decades, changes in the share of income of the poorest quintiles are generally small and uncorrelated with changes in average income. The variation in changes in quintile shares is also small relative to the variation in growth in average incomes, implying that the latter accounts for most of the variation in income growth in the poorest quintiles. These findings hold across most regions and time periods and when conditioning on a variety of country-level factors that may matter for growth and inequality changes. This evidence confirms the central importance of economic growth for poverty reduction and illustrates the difficulty of identifying specific macroeconomic policies that are significantly associated with the relative growth rates of those in the poorest quintiles
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  • 90
    Language: English
    Pages: Online-Ressource (43 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Khandker, Shahidur R Are Microcredit Borrowers in Bangladesh over-Indebted?
    Abstract: Microcredit programs in Bangladesh have experienced spectacular growth in recent years, with a growing number of borrowers availing credit from multiple microcredit agencies. There is a growing concern that if there are not sufficient returns to borrowing from microfinance institutions (MFIS), some borrowers might be taking loans that they will not be able to repay. A household may be considered over-indebted, for example, if its debt liability exceeds 40 percent of its income or assets. Using a long panel of household survey data from Bangladesh, the paper finds that some 26 percent of microcredit borrowers are over-indebted on this measure versus 22 percent of non-microcredit borrowers. Econometric analysis suggests that both MFI competition and multiple borrowing raise indebtedness. However, repeated borrowing, while it affects short-term liability adversely, does affect the long-term debt-asset ratio favorably. That is, repeated borrowing helps increase assets more than debt over time. Microcredit borrowers in Bangladesh are thus not necessarily over-indebted. But when borrowing is seen as protection against shocks such as floods even at the cost of being indebted, MFIs may offer micro-insurance schemes to safeguard borrowers against economic shocks
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  • 91
    Language: English
    Pages: Online-Ressource (58 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: De la Torre, Augusto The Foundations of Macroprudential Regulation
    Abstract: This paper examines the conceptual foundations of macroprudential policy by reviewing the literature on financial frictions from a policy perspective that systematically links state interventions to market failures. The method consists in gradually incorporating into the Arrow-Debreu world a variety of frictions and sources of aggregate volatility and combining them along three basic dimensions: purely idiosyncratic vs. aggregate volatility, full vs. bounded rationality, and internalized vs. uninternalized externalities. The analysis thereby obtains eight "domains," four of which include aggregate volatility, hence call for macroprudential policy variants grounded on largely orthogonal rationales. Two of them emerge even assuming that externalities are internalized: one aims at offsetting the public moral hazard implications of (efficient but time inconsistent) post-crisis policy interventions, the other at maintaining principal-agent incentives continuously aligned along the cycle. Allowing for uninternalized externalities justifies two additional types of macroprudential policy, one aimed at aligning private and social interests, the other at tempering mood swings. Choosing a proper regulatory path is complicated by the fact that the relevance of frictions is likely to be state-dependent and that different frictions motivate different (and often conflicting) policies
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  • 92
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (33 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Maslova, Inga Growth and Volatility Analysis Using Wavelets
    Abstract: The magnitude and persistence of growth in gross domestic product are topics of intense scrutiny by economists. Although the existing techniques provide a range of tools to study the nature of growth and volatility time series, these usually come with shortcomings, including the need to arbitrarily define acceleration spells, and focus on a particular frequency at a time. This paper explores the application of "wavelet-based" techniques to study the time-varying nature of growth and volatility. These techniques lend themselves to a more robust analysis of short-term and long-term determinants of growth and volatility than the traditional decomposition techniques, as demonstrated on a small sample of countries. In addition to having desirable technical advantages, such as localization in time and frequency and the ability to work with non-stationary series, these techniques also make it possible to accurately decompose the association between growth trajectories of different countries over different time horizons. Such "co-movement" analysis can provide policy makers with important insights on regional integration, growth poles, and how short and long term developments in other countries affect their domestic economy
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  • 93
    Language: English
    Pages: Online-Ressource (31 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Elbers, Chris Evaluation of Development Programs
    Abstract: Can project evaluation methods be used to evaluate programs: complex interventions involving multiple activities? A program evaluation cannot be based simply on separate evaluations of its components if interactions between the activities are important. In this paper a measure is proposed, the total program effect (TPE), which is an extension of the average treatment effect on the treated (ATET). It explicitly takes into account that in the real world (with heterogeneous treatment effects) individual treatment effects and program assignment are often correlated. The TPE can also deal with the common situation in which such a correlation is the result of decisions on (intended) program participation not being taken centrally. In this context RCTs are less suitable even for the simplest interventions. The TPE can be estimated by applying regression techniques to observational data from a representative sample from the targeted population. The approach is illustrated with an evaluation of a health insurance program in Vietnam
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  • 94
    Language: English
    Pages: Online-Ressource (25 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Himelein, Kristen The Use of Random Geographic Cluster Sampling to Survey Pastoralists
    Abstract: Livestock are an important component of rural livelihoods in developing countries, but data about this source of income and wealth are difficult to collect because of the nomadic and semi-nomadic nature of many pastoralist populations. Most household surveys exclude those without permanent dwellings, leading to undercoverage. This study explores the use of a random geographic cluster sample as an alternative to the household-based sample. In this design, points are randomly selected and all eligible respondents found inside circles drawn around the selected points are interviewed. This approach should eliminate undercoverage of mobile populations. The results of a random geographic cluster sample survey are presented with a total sample size of 784 households to measure livestock ownership in the Afar region of Ethiopia in 2012. The paper explores the data quality of the random geographic cluster sample relative to a recent household survey and discusses the implementation challenges
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  • 95
    Language: English
    Pages: Online-Ressource (40 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Im, Fernando Gabriel Middle-Income Traps
    Abstract: In recent years, the term "middle-income trap" has entered common parlance in the development policy community. The term itself often has not been precisely defined in the incipient literature. This paper discusses in more detail definitional issues on the so-called middle-income trap. The paper presents evidence in terms of both absolute and relative thresholds. To get a better understanding of whether the performance of the middle-income trap has been different from other income categories, the paper examines historical transition phases in the inter-country distribution of income based on previous work in the literature. Transition matrix analysis provides little support for the idea of a middle-income trap. Analysis of cross-country patterns of growth provides additional support for the conclusions in the paper, which closes with a general discussion of potential policy implications
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  • 96
    Language: English
    Pages: Online-Ressource (47 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Peragine, Vito Economic Growth and Equality of Opportunity
    Abstract: The paper proposes an approach to understand the relationship between inequality and economic growth obtained by shifting the analysis from the space of final achievements to the space of opportunities. To this end, it introduces a formal framework based on the concept of the Opportunity Growth Incidence Curve. This framework can be used to evaluate the income dynamics of specific groups of the population and to infer the role of growth in the evolution of inequality of opportunity over time. The paper shows the relevance of the introduced framework by providing two empirical analyses, one for Italy and the other for Brazil. These analyses show the distributional impact of the recent growth experienced by Brazil and the recent crisis suffered by Italy from both the income inequality and opportunity inequality perspectives
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  • 97
    Language: English
    Pages: Online-Ressource (56 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Stobl, Eric The Effect of Weather-Induced Internal Migration on Local Labor Markets
    Keywords: Wetter ; Binnenwanderung ; Regionale Arbeitsmobilität ; Regionaler Arbeitsmarkt ; Beschäftigungseffekt ; Uganda
    Abstract: Relying on census data collected in 2002 and historical weather data for Uganda, this paper estimates the impact of weather-induced internal migration on the probability for non-migrants living in the destination regions to be employed. Consistent with the prediction of a simple theoretical model, the results reveal a larger negative impact than the one documented for developed countries. They further show that this negative impact is significantly stronger in Ugandan regions with lower road density and therefore less conducive to capital mobility: a 10 percentage points increase in the net in-migration rate in these areas decreases the probability of being employed of non-migrants by more than 10 percentage points
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  • 98
    Language: English
    Pages: Online-Ressource (20 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Rentschler, Jun E Oil Price Volatility, Economic Growth and the Hedging Role of Renewable Energy
    Abstract: This paper investigates the adverse effects of oil price volatility on economic activity and the extent to which countries can hedge against such effects by using renewable energy. By considering the Realized Volatility of oil prices, rather than following the standard approach of considering oil price shocks in levels, the effects of factor price uncertainty on economic activity are analyzed. Sample countries represent developed and developing, oil importing and exporting and service/industry-based economies (United States, Japan, Germany, South Korea, India, and Malaysia) and thus complement the standard literature's analysis of Western OECD countries. In a vector auto-regressive setting, Granger causality tests, impulse response functions, and variance decompositions show that oil price volatility has more-adverse effects in all sample countries than oil price shocks alone can explain. The paper finds that the sensitivity to oil price volatility varies widely across countries and discusses various factors which may determine the level of sensitivity (such as sectoral composition and the energy mix). This implies that the standard approach of solely considering net oil importer-exporter status is not sufficient. Simulations of volatility shocks in hypothetical energy mixes (with increased renewable shares) illustrate the potential economic benefits resulting from efforts to disconnect the macroeconomy from volatile commodity markets. It is concluded that expanding renewable energy can in principle reduce an economy's vulnerability to oil price volatility, but a country-specific analysis would be necessary to identify concrete policy measures. Overall, the paper provides an additional rationale for reducing exposure and vulnerability to oil price volatility for the sake of economic growth
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  • 99
    Language: English
    Pages: Online-Ressource (15 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Basu, Kaushik The Art of Currency Manipulation
    Abstract: A frequent charge in foreign exchange markets in developing countries is that of manipulators being at work. Since to buy is to raise prices and to sell is to lower prices, the question that naturally arises is whether the widespread charge of market manipulation is valid. The paper shows that (whether or not "widespreadness" has any merit) it is possible for a player to manipulate and profiteer. By using some simple principles of game theory, the paper outlines a strategy that a manipulator may use. The aim of this paper is not to provide a manual for the manipulator but to enable the regulator to understand the art and develop policies to curb manipulation
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  • 100
    Language: English
    Pages: Online-Ressource (24 p)
    Edition: 2013 World Bank eLibrary
    Parallel Title: Sinclair-Desgagné, Bernard Greening Global Value Chains
    Abstract: The paper aims to highlight some of the most important implementation issues associated with the greening of global value chains with special attention given to how public policies and business strategies can support each other in meeting the challenge, particularly in developing countries. This requires a systemic view of global value chains that includes downstream supply chains and explicitly takes into account the relationships between regular members (raw materials providers, component manufacturers, and assembly plants, notably) and their clean-tech suppliers. It also involves a careful description of the business landscapes of global value chains as well as reliable environmental metrics and data, carefully examining how these can be shared among global value chain members and their stakeholders. Certain incentives must be set within member firms and throughout the supply chain and this involves reviewing managerial practices-monitoring and auditing of environmental performance, compensation and rewards, transfer prices, task design and allocation, decision making processes, employee selection and training, and organizational culture-and framing outsourcing contracts appropriately. To be effective, however, these initiatives need to be encouraged by credible national policies (which include environmental but also social policies targeting informal businesses) and international agreements, revealing disclosure programs, and a vigilant civil society. On a global level, the coordination of business and public policies is crucial as the greening of a global value chain will certainly work best if its members and stakeholders move in tandem
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