"The author presents evidence that balance sheet effects are critical determinants of both the likelihood of a crisis and of income losses following a crisis. She tests the validity of "insurance" and "liquidity" models of currency crisis. Both models predict that the occurrence of a balance of...

"Model uncertainty hampers consensus on the key determinants of economic growth. Some recent cross-country, cross-sectional analyses have employed Bayesian Model Averaging to address the issue of model uncertainty. This paper extends that approach to panel data models with country-specific fixed...

"In this paper the authors estimate the rate of return to firm investments in human capital in the form of formal job training. They use a panel of large firms with unusually detailed information on the duration of training, the direct costs of training, and several firm characteristics such as...

Burkina Faso's Poverty Reduction Strategies (PRS) of the 2000s, which were implemented as annually rolled-over Priority Action Programs, focused on four pillars: a) accelerating broad based growth; b) expanding access to social services for the poor; c) increasing employment and...

Burkina Faso's Poverty Reduction Strategies (PRS) of the 2000s, which were implemented as annually rolled-over Priority Action Programs, focused on four pillars: a) accelerating broad based growth; b) expanding access to social services for the poor; c) increasing employment and...