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accumulation of human capital during the transition from stagnation to growth. This is because greater longevity raises children …’s future income proportionally at all levels of education, leaving the relative return between quality and quantity unaffected …. This result is consistent with historical evidence that longevity began to increase long before education did. Our theory …
Persistent link: https://www.econbiz.de/10005666793
The perpetual inventory method used for the construction of education data per country leads to systematic measurement … education level between census data and observations constructed from enrolment data. We discuss a methodology for correcting …
Persistent link: https://www.econbiz.de/10005788941
The relation between IMF conditionality and country ownership of assistance programs is considered from a political economy perspective, focusing on the question of why conditionality is needed if it is in a country’s best interests to undertake the reform program. It is argued that...
Persistent link: https://www.econbiz.de/10005788965
Why should multilateral lending exist in a world where private capital markets are well developed and governments have their own bilateral aid programmes? If lending by the World Bank, IMF, and regional development banks has an independent rationale, it must rest on advantages generated by the...
Persistent link: https://www.econbiz.de/10005791490
In this Paper we focus on the question: Will the HIPC debt reduction program help in the transformation of the development assistance business and change the rules of the ‘debt game’ in Africa? We concentrate on the donor and official creditor side, by exploring how the growing debt of...
Persistent link: https://www.econbiz.de/10005662135
Economic integration and free factor mobility may be expected to enhance the growth performance of a united Europe … more efficient factor allocations or faster growth. …
Persistent link: https://www.econbiz.de/10005124272
This paper reviews key recent literature on the effects of trade liberalisation on poverty in developing countries and asks whether our knowledge has changed significantly over a decade. The conclusion that liberalisation generally boosts income and thus reduces poverty has not changed; some...
Persistent link: https://www.econbiz.de/10011171782
test whether aid affects development, measured as nighttime light growth. Our preferred identification strategy exploits … excludable instrument. Overall, we find significant correlations between aid and growth in ADM2 regions, but no causal effects. …
Persistent link: https://www.econbiz.de/10011266530
This Paper discusses the challenges confronting developing countries seeking to overcome discrimination in world trade rules and policies. The major sources of discrimination in both developed and developing countries in the areas of market access opportunities and WTO disciplines are briefly...
Persistent link: https://www.econbiz.de/10005666729
This Paper analyses what actions could be taken in the context of the WTO Doha negotiations to assist countries to benefit from deeper trade integration. It discusses the policy agenda that confronts many developing countries and identifies a number of focal points that could be used both as...
Persistent link: https://www.econbiz.de/10005789003