of the level of development on education outcomes by constructing different efficiency frontiers for lower- and higher-income … economies. We find evidence of large potential gains in enrollment rates by improving efficiency. These are largest in lower-income … reducing income inequality (as measured by the Gini coefficient) could also help improve efficiency. …

Exporters of exhaustible resources have historically exhibited higher income volatility than other economies … exhaustible resource revenues in future income. The parameterized model fares well at capturing current account balances in both …