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Social Protection and Economic Development : Are the Poorest Being Lifted-Up or Left-Behind?
Ravallion, Martin - 2018
Standard measures of poverty may reveal nothing about whether the poorest of the poor are being lifted-up or left …
Persistent link: https://www.econbiz.de/10012917602
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Death and Development
Lorentzen, Peter L.; McMillan, John; Wacziarg, Romain T. - 2021
better health care implies that mortality could be the source of a poverty trap. In our regressions, adult mortality explains …
Persistent link: https://www.econbiz.de/10013235625
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The Knowledge Trap : Human Capital and Development Reconsidered
Jones, Benjamin F. - 2014
shallow knowledge. This simple idea can inform cross-country income differences, international trade patterns, poverty traps …
Persistent link: https://www.econbiz.de/10012751445
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African Poverty is Falling...Much Faster than You Think!
Sala-i-Martin, Xavier - 2013
The conventional wisdom that Africa is not reducing poverty is wrong. Using the methodology of Pinkovskiy and Sala …-i-Martin (2009), we estimate income distributions, poverty rates, and inequality and welfare indices for African countries for the … period 1970-2006. We show that: (1) African poverty is falling and is falling rapidly; (2) if present trends continue, the …
Persistent link: https://www.econbiz.de/10013095077
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Host-Mnc Relations in Resource-Rich Countries
Chichilnisky-Heal, Natasha - 2015
We discuss the relationship between a resource-rich developing country and a multi-national corporation (MNC) that is developing its resources for the international market. We model the connections between transparency, permeability (defined as the amount of resource rent that leaves the...
Persistent link: https://www.econbiz.de/10013011934
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Host-Country Financial Development and Multinational Activity
Bilir, Kamran - 2014
This paper evaluates the influence of host-country financial conditions on the global operations of multinational firms. Using detailed U.S. data, we establish that financial development in a country is associated with relatively more entry by multinational affiliates, as well as with higher...
Persistent link: https://www.econbiz.de/10013055496
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Positive and Normative Judgments Implicit in U.S. Tax Policy, and the Costs of Unequal Growth and Recessions
Lockwood, Benjamin B - 2016
Calculating the welfare implications of changes to economic policy or shocks requires economists to decide on a normative criterion. One approach is to elicit the relevant moral criteria from real-world policy choices, converting a normative decision into a positive inference, as in the recent...
Persistent link: https://www.econbiz.de/10012999997
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Regulation and Supervision : An Ethical Perspective
Kane, Edward J. - 2008
This essay shows that government credit-allocation schemes generate incentive conflicts that undermine the quality of bank supervision and eventually produce banking crisis. For political reasons, most countries establish a regulatory culture that embraces three economically contradictory...
Persistent link: https://www.econbiz.de/10012772313
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Ethical Foundations of Financial Regulation
Kane, Edward J. - 2008
Regulation consists of rulemaking and enforcement. Economic theory offers two complementary rationales for regulating financial institutions. Altruistic public-benefits theories treat rules as governmental instruments for increas- ing fairness and efficiency across society as a whole....
Persistent link: https://www.econbiz.de/10012774887
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What Do Independent Directors Know? Evidence from Their Trading
Ravina, Enrichetta - 2010
We compare the trading performance of independent directors and other officers of the firm. We find that independent directors earn positive and substantial abnormal returns when they purchase their company stock, and that the difference with the same firm's officers is relatively small at most...
Persistent link: https://www.econbiz.de/10012760496