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Human capital, trade liberalization, and income risk
Krebs, Tom; Krishna, Pravin; Maloney, William - Economics Research, World Bank Group - 2007
Using data from Mexico, the authors study empirically the link between trade policy and individual income risk and the extent to which this varies across workers of different human capital (education) levels. They use longitudinal income data on workers to estimate time-varying individual income...
Persistent link: https://www.econbiz.de/10005079847
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The return of"patrimonial capitalism": review of Thomas Piketty's capital in the 21st century
Milanovic, Branko - Economics Research, World Bank Group - 2014
The paper provides a detailed review of Thomas Piketty's book"Capital in the 21st century."It focuses on the new contributions of the book, and in particular on its unified treatment of economic growth, functional income distribution, and concentration of personal income. It concludes that...
Persistent link: https://www.econbiz.de/10010829542
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The growth report and new structural economics
Lin, Justin Yifu; Monga, Celestin - Economics Research, World Bank Group - 2010
Despite its heavy human, financial, and economic cost, the recent global recession provides a unique opportunity to reflect on the knowledge from several decades of growth research, draw policy lessons from the experience of successful countries, and explore new approaches going forward. In an...
Persistent link: https://www.econbiz.de/10008508339
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Long-run effects of democracy on income inequality : evidence from repeated cross-sections
Balcazar, Carlos Felipe - Economics Research, World Bank Group - 2015
This paper assesses the link between democracy and inequality. Inequality is measured at the cohort level with pseudo …-run historical patterns in the degree of democracy relate to income inequality. However, this relationship is non …-monotonic: inequality ?rst increases with the stock of democracy before falling. The paper also presents evidence that education may be a …
Persistent link: https://www.econbiz.de/10011115342
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Beyond legal origin and checks and balances : political credibility, citizen information, and financial sector development
Keefer, Philip - Economics Research, World Bank Group - 2007
The existing literature emphasizes and contrasts the role of political checks and balances and legal origin in determining the pace of financial sector development. This paper expands substantially on one aspect of this debate: the fact that government actions that promote financial sector...
Persistent link: https://www.econbiz.de/10005116429
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Industrial structure, appropriate technology and economic growth in less developed countries
Lin, Justin Yifu; Zhang, Pengfei - Economics Research, World Bank Group - 2009
The authors develop an endogenous growth model that combines structural change with repeated product improvement. That is, the technologies in one sector of the model become not only increasingly capital-intensive, but also progressively productive over time. Application of the basic model to...
Persistent link: https://www.econbiz.de/10005116604
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Aid is good for the poor
Hirano, Yumeka; Otsubo, Shigeru - Economics Research, World Bank Group - 2014
Aid is good for the poor. This paper uses detailed aid data spanning 60 developing countries over the past two decades to show that social aid significantly and directly benefits the poorest in society, while economic aid increases the income of the poor through growth. This new and unequivocal...
Persistent link: https://www.econbiz.de/10010884962
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Should income inequality be reduced and who should benefit ? redistributive preferences in Europe and Central Asia
Cojocaru, Alexandru; Diagne, Mame Fatou - Economics Research, World Bank Group - 2014
This paper examines support for reducing inequality and for income redistribution to specific groups in Europe and … than in 2006 in transition countries. Support for redistribution toward specific groups is highest for the disabled and the … state group of transition countries. Regarding redistribution to specific groups, self-interest appears to be an important …
Persistent link: https://www.econbiz.de/10010960249
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Measuring inequality from top to bottom
Bazan, Diaz; Valeria, Tania - Economics Research, World Bank Group - 2015
This paper presents a new methodology to measure inequality that optimally combines household survey information and …
Persistent link: https://www.econbiz.de/10011252713
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Is there persistence in the growth of manufactured exports? Evidence from newly industrializing countries
Mody, Ashoka; Yilmaz, Kamil; DEC - Economics Research, World Bank Group - 1994
Price and income elasticities estimated from a country's export demand function are used both to predict and to prescribe effective export strategies. But the focus on elasticities has led to the neglect of an important empirical regularity: a strong persistencein the growth rate of a country's...
Persistent link: https://www.econbiz.de/10005079483