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the middle class consensus and economic development

Easterly, William - Economics Research, World Bank Group - 2000

common dorms of social conflict are class polarization, and ethnic polarization. A middle class consensus is defined as a … inequality. A higher share of income for the middle class and lower ethnic polarization, are empirically associated with higher …Modern political economy stresses"society's polarization"as a determinant of development outcomes. Among the most …

Persistent link: https://www.econbiz.de/10005141520

Human capital and growth : the recovered role of education systems

Dessus, Sebastien - Economics Research, World Bank Group - 2001

Recent empirical studies question conventional wisdom about the importance of education to growth. These results partly reflect how international differences in the quality of education systems--defined by the systems'ability to produce one marginal unit of productive human capital--are not...

Persistent link: https://www.econbiz.de/10005141521

The social rate of return on infrastructure investments

Canning, David; Bennathan, Esra - Economics Research, World Bank Group - 2000

The authors estimate social rates of return to electricity-generating capacity and paved roads, relative to the return on general capital, by examining the effect on aggregate output and comparing that effect with the costs of construction. They find that both types of infrastructure capital are...

Persistent link: https://www.econbiz.de/10005141522

Foreign aid's impact on public spending

Feyzioglu, Tarhan; Swaroop, Vinaya; Zhu, Min - Economics Research, World Bank Group - 1996

Using a model of aid fungibility, the authors examine the relationship between foreign aid and public spending. Based on a panel of cross-country and time-series data, their results show that roughly 75 cents of every dollar given in net development assistance goes to current spending and 25...

Persistent link: https://www.econbiz.de/10005115898

EU (European Union) accession of central and eastern Europe : bridging the income gap

Barbone, Luca; Zalduendo, Juan - Economics Research, World Bank Group - 1997

Joining the European Union (EU) is perhaps the key political and economic objective of Central and Eastern European (CEE) countries as they approach the 21st century. But how successful the CEE countries are in achieving this goal depends not only on how well and quickly they adapt their legal...

Persistent link: https://www.econbiz.de/10005116016

Public goods and ethnic divisions

Alesina, Alberto; Baqir, Reza; Easterly, William - Economics Research, World Bank Group - 1999

conclude that the ethnic conflict is an important determinant of local public finances. In cities where ethnic groups are …

Persistent link: https://www.econbiz.de/10005116087

Roads out of poverty? assessing the links between aid, public investment, growth, and poverty reduction

Agenor, Pierre-Richard; Bayraktar, Nihal; El Aynaoui, Karim - Economics Research, World Bank Group - 2005

The authors develop a macroeconomic framework that captures links between aid, public investment, growth, and poverty. Public investment is disaggregated into education, infrastructure, and health, and affects both aggregate supply and demand. Dutch disease effects are captured by accounting for...

Persistent link: https://www.econbiz.de/10005116399

Infrastructure's contribution to aggregate output

Canning, David - Economics Research, World Bank Group - 1999

Using panel data for a cross-section of countries, the author estimates an aggregate production function that includes infrastructure capital. He finds that: 1) The productivity of physical and human capital is close to the levels suggested by microeconomic evidence on their private returns. 2)...

Persistent link: https://www.econbiz.de/10005116506

The political economy of public spending on education, inequality, and growth

Gradstein, Mark - Economics Research, World Bank Group - 2003

exclusion. This may then lead to a feedback mechanism whereby inequality in the incidence of public spending on education breeds … higher income inequality, thus generating multiple equilibria: with social exclusion and high inequality; and with social … inclusion and relatively low inequality. The author also shows that the latter equilibrium leads to higher long-run growth than …

Persistent link: https://www.econbiz.de/10004989721

Educational expansion : evidence and interpretation

Gradstein, Mark; Nikitin, Denis - Economics Research, World Bank Group - 2004

The authors document the vast expansion of schooling over the past several decades, as well as convergence in schooling measures across countries. They make the observation that poor countries today have higher average education levels than countries at the same level of economic development had...

Persistent link: https://www.econbiz.de/10004989876