"The authors examine the empirical evidence in support of the poverty trap view of underdevelopment. They calibrate … simple aggregate growth models in which poverty traps can arise due to either low saving or low technology at low levels of … development. They then use these models to assess the empirical relevance of poverty traps and their consequences for policy. The …

"Theories of poverty traps stand in sharp contrast to the view that anybody can make it through hard work and thrift …. However, empirical detection of poverty traps is complicated by the lack of long panels, measurement error, and attrition … dynamics and testing for the presence of poverty traps. The paper explicitly allows for individual heterogeneity in income …

relations with low-income countries. The approach was centered around the development and implementation of Poverty Reduction … discusses the factors which can facilitate the development of accountability and participatory governance mechanisms. Lessons … impact of participatory governance on policymaking, while emerging, is still a work in progress. The paper concludes with …

"This paper examines the conceptual and empirical basis of corruption and governance and concludes that decentralized … local governance is conducive to reduced corruption in the long run. This is because localization helps to break the …

industrial and developing countries differently in some cases. The authors also find that governance plays an important role as …

"The authors present the latest update of their aggregate governance indicators, together with new analysis of several … issues related to the use of these measures. The governance indicators measure the following six dimensions of governance: (1 …. They are based on several hundred individual variables measuring perceptions of governance, drawn from 37 separate data …