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Three billion people will be added to the world ' s population over the next 50 years and 2.8 billion people today … integrally with economic growth. Now in its 25th edition, this year ' s World Development Report examines, over a 50 year period …, and protecting the environment. The World Development Report 2003 emphasizes that many good policies have been identified …
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Investment growth in emerging market and developing economies has slowed sharply since 2010. This paper presents a comprehensive analysis of the causes and implications of this slowdown and presents a menu of policy responses to improve investment growth. It reports four main results. First, the...
Persistent link: https://www.econbiz.de/10011635504
This paper constructs an efficiency-adjusted public capital stock series and re-examines the public capital and growth relationship for 52 developing countries. The results show that public capital is a significant contributor to economic growth. Although the estimated coefficient for the income...
Persistent link: https://www.econbiz.de/10013120350
This paper shows that those low and middle income countries that use infrastructure inefficiently pay a growth penalty in the form of a much smaller benefit from infrastructure investments. The magnitude of this penalty is apparent when the growth experience of Africa is compared with that of...
Persistent link: https://www.econbiz.de/10012763683
The general objective of this dissertation is to understand the relationship between economic growth, government expenditure in public services and infrastructure on different sectors of the population. Through three essays this dissertation pursues the objective by explicitly highlighting the...
Persistent link: https://www.econbiz.de/10012659546
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This paper shows that those low and middle income countries that use infrastructure inefficiently pay a growth penalty in the form of a much smaller benefit from infrastructure investments. The magnitude of this penalty is apparent when the growth experience of Africa is compared with that of...
Persistent link: https://www.econbiz.de/10012472981
The paper develops a theoretical framework for understanding the mechanism through which foreign aid affects macroeconomic performance. The authors find that the long-run impact of an aid program and the nature of the transitional dynamics it generates depend crucially on (i) the elasticity of...
Persistent link: https://www.econbiz.de/10014067086