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We analyze how a wealth shift to emerging countries may lead to instability in developed countries. Investors exposed to expropriation risk are willing to pay a safety premium to invest in countries with good property rights. Domestic intermediaries compete for such cheap funding by carving out...
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This paper reports on the 2009 update of the Worldwide Governance Indicators (WGI) research project, covering 212 countries and territories and measuring six dimensions of governance between 1996 and 2008: Voice and Accountability, Political Stability and Absence of Violence/Terrorism,...
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The paper presents a major overhaul to the World Bank's past estimates of global poverty, incorporating new and better … data. Extreme poverty-as judged by what quot;povertyquot; means in the world's poorest countries-is found to be more … the early 1980s. For 2005 we estimate that 1.4 billion people, or one quarter of the population of the developing world …
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The Worldwide Governance Indicators, reporting estimates of six dimensions of governance for over 200 countries between 1996 and 2005, have become widely used among policymakers and academics. They have also attracted some explicit written criticisms. In this short paper the authors synthesize...
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The authors report on the latest version of the worldwide governance indicators, covering 213 countries and territories and measuring six dimensions of governance from 1996 until end-2005: voice and accountability, political stability and absence of violence, government effectiveness, regulatory...
Persistent link: https://www.econbiz.de/10012747976
the expected future human capital of children born today, following the methodology of the World Bank Human Capital Index …
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