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Drivers and Obstacles to Banking SMEs: The Role of Competition and the Institutional Framework
de la Torre, Augusto; Soledad Martinez Peria, Maria; … - Economics Research, World Bank Group - 2008
This paper studies the factors banks perceive as drivers and obstacles to financing small and medium enterprises (SMEs), focusing on the role of competition and the institutional framework. Using a survey of banks in Argentina and Chile, the paper shows that, despite alleged differences in the...
Persistent link: https://www.econbiz.de/10005129199
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PENSION FUNDS AND CAPITAL MARKET DEVELOPMENT:HOW MUCH BANG FOR THE BUCK?
Raddatz, Claudio; Schmukler, Sergio L. - Economics Research, World Bank Group - 2008
This paper studies the relation between institutional investors and capital market development by analyzing unique data on monthly asset-level portfolio allocations of Chilean pension funds between 1995 and 2005. The results depict pension funds as large and important institutional investors...
Persistent link: https://www.econbiz.de/10005133793
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Can Maquila Booms Reduce Poverty? Evidence from Honduras
E. de Hoyos, de Hoyos, Rafael E.; Bussolo, Maurizio; … - Economics Research, World Bank Group - 2008
This paper identifies and estimates the strength of the reduction in poverty linked to improved opportunities for women in the expanding maquila sector. A simulation exercise shows that, at a given point in time, poverty in Honduras would have been 1.5 percentage points higher had the maquila...
Persistent link: https://www.econbiz.de/10005141430
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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 … of support for reducing inequality. …
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
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Inequality, the price of nontradables, and the real exchange rate : theory and cross-country evidence
Min, Hong-Ghi - Economics Research, World Bank Group - 2002
The author provides theoretical and empirical evidence of a negative association between income inequality and real … exchange rates. First, he builds a theoretical model showing the transmission mechanism from inequality to real exchange rates … negative relationship between inequality and real exchange rates does not imply that policies aimed at dramatic redistribution …
Persistent link: https://www.econbiz.de/10005079501
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The effects of infrastructure development on growth and income distribution
Calderon, Cesar; Serven, Luis - Economics Research, World Bank Group - 2004
involves the estimation of simple equations for GDP growth and conventional inequality measures, augmented to include, among … infrastructure assets, and (2) income inequality declines with higher infrastructure quantity and quality. A variety of specification … quality on growth and inequality. These two results combined suggest that infrastructure development can be highly effective …
Persistent link: https://www.econbiz.de/10005079502
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Do more unequal countries redistribute more? does the median voter hypothesis hold?
Milanovic, Branko - Economics Research, World Bank Group - 1999
The median voter hypothesis is important to endogenous growth theories because it provides the political mechanisms through which voters in more unequal countries re-distribute a greater proportion of income and thus (it is argued), by blunting incentives, reduce the country's growth rate. But...
Persistent link: https://www.econbiz.de/10005079521