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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

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

Does public capital crowd out private capital? : evidence from India

Serven, Luis - Economics Research, World Bank Group - 1996

A recent but rapidly growing empirical literature focuses on the relationship between public and private capital. But for the most part, it ignores the heterogeneity of public investment. In many countries, especially in the developing world, public investment includes not only basic...

Persistent link: https://www.econbiz.de/10005079546

The relative richness of the poor? natural resources, human capital, and economic growth

Bravo-Ortega, Claudio; de Gregorio, Jose - Economics Research, World Bank Group - 2005

Are natural resources a blessing or a curse? The authors present a model in which natural resources have a positive effect on the level of income and a negative effect on its growth rate. The positive and permanent effect on income implies a welfare gain. There is a growth effect stemming from a...

Persistent link: https://www.econbiz.de/10005080078

Foreign aid and rent-seeking

Svensson, Jakob - Economics Research, World Bank Group - 1998

To address the relationship between concessional assistance, corruption, and other types of rent-seeking activities, the author provides a simple game-theoretic rent-seeking model. Insights with interesting implications emerge from the analysis: 1) An increase in government revenue (from...

Persistent link: https://www.econbiz.de/10005080152

Does Liberte = Egalite ? A survey of the empirical links between democracy and inequality with some evidence on the transition economies

Mark, Gradstein.; Milanovic, Branko - Economics Research, World Bank Group - 2002

The effect of the distribution of political rights on income inequality has been studied both theoretically and … high degree of economic inequality. And democratization in the form of franchise expansion has typically led to an … other measures of democracy, based on civil liberties and political rights, and inequality. The transition experience of …

Persistent link: https://www.econbiz.de/10005080175

The peace dividend : military spending cuts and economic growth

Knight, Malcolm; Loayza, Norman; Villanueva, Delano - Economics Research, World Bank Group - 1996

Conventional wisdom suggests that reducing military spending may improve a country's economic growth, but empirical studies have produced ambiguous results on this point. Extending a standard growth model, the authors exploit both cross-section and time-series dimensions of available data to get...

Persistent link: https://www.econbiz.de/10005128630

The public sector in the Caribbean : issues and reform options

Swaroop, Vinaya - Economics Research, World Bank Group - 1996

The public sector's performance in the Caribbean varies, in reducing poverty and in creating an enabling environment for growth. Barbados and the Bahamas have been the high performers, Guyana and the Dominican Republic have been sluggish, and the other Caribbean countries fall in between. In the...

Persistent link: https://www.econbiz.de/10005128747

Toward a social policy for Argentina's infrastructure sectors - evaluating the past and exploring the future

Foster, Vivien - Economics Research, World Bank Group - 2004

Argentina was a pioneer of infrastructure reform in the early 1990s. The social dimension of infrastructure services was typically overlooked in the reform process. However, social sensitivities often resurfaced in the years that followed, leading to a series of ad hoc social policy measures...

Persistent link: https://www.econbiz.de/10005129241