Showing 1 - 10 of 292
The upper-income, advanced industrial countries of the world today all have market economies with open competition, competitive multi-party democratic political systems, and a secure government monopoly over violence. Such open access orders, however, are not the only norm and equilibrium type...
Persistent link: https://www.econbiz.de/10012552804
Systematic information on household financial asset holdings in developing countries is very sparse. The author reviews some available data and current policy debates. Although financial asset holdings by households are highly concentrated, deeper financial systems are correlated with improved...
Persistent link: https://www.econbiz.de/10012553787
Firms often cite financing constraints as one of their primary obstacles to investment. Global capital flows, by bringing in scarce capital, may ease the financing constraints of host country firms. But if incoming foreign investors borrow heavily from domestic banks, foreign direct investment...
Persistent link: https://www.econbiz.de/10012559547
The international development community has been grappling with the challenges of implementing development programs and, consequently, with the design of practical approaches to attaining program objectives. This paper contributes to the emerging discussion on addressing the implementation...
Persistent link: https://www.econbiz.de/10012560825
Development economics in its early years created the image of a fierce fight between advocates of contrasting theories or approaches- "balanced growth" vs. "unbalanced growth" or "program loans" vs. "project loans." This view has the merit to highlight such conflicts in great detail; yet it...
Persistent link: https://www.econbiz.de/10012552889
This paper presents a model of global liquidity shortages. Liquid claims are enforceable promises that play a transaction role. Since developed economies have a comparative advantage in creating liquidity, they export liquid claims to emerging economies, resulting in a permanent current account...
Persistent link: https://www.econbiz.de/10012559494
The aim of this paper is to explain why time use data are essential for analyzing issues of gender equity and the intra-household allocation of resources, comparing living standards, and estimating the behavioral effects of changes in policy variables. The first step in the exposition is to show...
Persistent link: https://www.econbiz.de/10012559646
Workfare schemes impose work requirements on beneficiaries. This has seemed an attractive idea for self-targeting transfers to poor people. This incentive argument does not imply, however, that workfare is more cost-effective against poverty than even poorly-targeted options, given hidden costs...
Persistent link: https://www.econbiz.de/10012560781
The Clean Development Mechanism established under the Kyoto Protocol allows industrialized Annex I countries to offset part of their domestic emissions by investing in emissions-reduction projects in developing non-Annex I countries. Computable general equilibrium analysis of the Clean...
Persistent link: https://www.econbiz.de/10012560828
The global financial crisis and its aftermath have triggered extraordinary policy responses in advanced countries. The impacts of these policy responses—from asset price bubbles to currency depreciations—have often been felt in the developing world. As tapering talk evolves into actual...
Persistent link: https://www.econbiz.de/10012564370