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of the impact of conflict point to negative gross domestic product (GDP) growth of -12 percent on average over 2011 …-18, resulting in a GDP contraction to about one-third of the 2010 level. In post-conflict simulation scenarios, the growth drivers … stable resolution of the conflict is achieved …
Persistent link: https://www.econbiz.de/10012865082
countries. It focuses on those experiences where the end of conflict marks the beginning of a relatively lasting peace. The … performance, health and education, political development, demographic trends, and conflict and security issues. For each of these … indicators, the paper first compares the post- and pre-war situations and then examines their dynamic trends during the post-conflict …
Persistent link: https://www.econbiz.de/10012747786
This paper reviews the evolving literature that links financial development, financial crises, and economic growth in the past 20 years. The initial disconnect -- with one literature focusing on the effect of financial deepening on long -- run growth and another studying its impact on volatility...
Persistent link: https://www.econbiz.de/10012943988
"Informality" is a term used to describe the collection of firms, workers, and activities that operate outside the legal and regulatory systems. It is widespread in the majority of developing countries--in a typical developing economy, the informal sector produces about 35 percent of gross...
Persistent link: https://www.econbiz.de/10012967818
What major insights have emerged from development economics in the past decade, and how do they matter for the World Bank? This challenging question was recently posed by World Bank Group President David Malpass to the staff of the Development Research Group. This paper assembles a set of 13...
Persistent link: https://www.econbiz.de/10012842639
, education, market efficiency, infrastructure, and institutions. Based on underlying proxies, the paper constructs indexes …
Persistent link: https://www.econbiz.de/10012870812
The paper examines the link between poverty, the middle class and institutional outcomes using a new cross-country panel dataset on the distribution of income and expenditure. It uses an econometric methodology to gauge whether a larger middle class has a causal effect on policy and...
Persistent link: https://www.econbiz.de/10012975330
Persistent link: https://www.econbiz.de/10013171014
The authors examine empirically how domestic structural characteristics related to openness and product- and factor-market flexibility influence the impact that terms-of-trade shocks can have on aggregate output. For this purpose, they apply an econometric methodology based on semi-structural...
Persistent link: https://www.econbiz.de/10012747888
This paper studies the trends and cycles of informal employment. It first presents a theoretical model where the size of informal employment is determined by the relative costs and benefits of informality and the distribution of workers' skills. In the long run, informal employment varies with...
Persistent link: https://www.econbiz.de/10012747899