Showing 1 - 10 of 55
"Dissatisfied with centralized approaches to delivering local public services, a large number of countries are decentralizing responsibility for these services to lower-level, locally elected governments. The results have been mixed. The paper provides a framework for evaluating the benefits and...
Persistent link: https://www.econbiz.de/10010522597
"The authors use a sample of 147 countries to investigate the link between democracy and reforms. Democracy may be conducive to reforms, because politicians have the incentive to embrace growth-enhancing reforms to win elections. By contrast, authoritarian regimes do not have to worry as much...
Persistent link: https://www.econbiz.de/10011394129
One of the primary reasons that otherwise good politicians enact bad policies in countries all over the world, but especially in low-income countries, is that they face significant constraints in their efforts to bring about reform. These constraints, the "room for maneuver", are shaped by the...
Persistent link: https://www.econbiz.de/10010524276
Persistent link: https://www.econbiz.de/10010525013
"The Subprime crisis largely resulted from failures to internalize systemic risk evenly across financial intermediaries and recognize the implications of Knightian uncertainty and mood swings. A successful reform of prudential regulation will need to integrate more harmoniously the three...
Persistent link: https://www.econbiz.de/10011394136
"The paper evaluates the effects of privatization in the post-communist economies and China. In post …-communist economies privatization to foreign owners results in a rapid improvement in performance of firms, while performance effects of … privatization to domestic owners are less impressive and vary across regions, coinciding with differences in policies and …
Persistent link: https://www.econbiz.de/10011394105
"Profitability improvements after the privatization of a large state-owned bank might come at the expense of reduced … access to financial services for some groups, especially the rural poor. The privatization of Tanzania's National Bank of …'s profitability and portfolio quality improved although credit growth was slow, in line with privatization experiences in other …
Persistent link: https://www.econbiz.de/10010520956
"The paper analyzes governments' tradeoff between fiscal benefits and consumer surplus in privatization reforms of … noncompetitive industries in developing countries. Under privatization, the control rights are transferred to private interests so … developing countries, tight budget constraints imply that privatization may be optimal for low profitability segments. For highly …
Persistent link: https://www.econbiz.de/10010522112
"The authors analyze the impact of privatization on the performance of 116 electric utilities in 10 Latin American … the first systemic analysis of the impact of privatization on the distribution of the electricity sector. Second, it … picture of the effects of privatization on consumers. Fourth, this research covers a longer period of time, and evaluates …
Persistent link: https://www.econbiz.de/10010522126
alternative will not grow unless rent, management, and tax reforms are boldly implemented and housing privatization truly …
Persistent link: https://www.econbiz.de/10010522176