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Cheap but flighty : how global imbalances create financial fragility

Ahnert, Toni; Perotti, Enrico C. - 2015

We analyze how a wealth shift to emerging countries may lead to instability in developed countries. Investors exposed to expropriation risk are willing to pay a safety premium to invest in countries with good property rights. Domestic intermediaries compete for such cheap funding by carving out...

Persistent link: https://www.econbiz.de/10011304762

Toward Successful Development Policies : Insights from Research in Development Economics

Artuc, Erhan - 2020

What major insights have emerged from development economics in the past decade, and how do they matter for the World … Bank? This challenging question was recently posed by World Bank Group President David Malpass to the staff of the …

Persistent link: https://www.econbiz.de/10012842639

Governance Matters VII : Aggregate and Individual Governance Indicators, 1996-2007

Kaufmann, Daniel - 2008

This paper reports on the latest update of the Worldwide Governance Indicators (WGI) research project, covering 212 countries and territories and measuring six dimensions of governance between 1996 and 2007: Voice and Accountability, Political Stability and Absence of Violence/Terrorism,...

Persistent link: https://www.econbiz.de/10012723979

Methodology for a World Bank Human Capital Index

Kraay, Aart - 2018

This paper describes the methodology for a new World Bank Human Capital Index (HCI). The HCI combines indicators of …

Persistent link: https://www.econbiz.de/10012910533

Weak Instruments in Growth Regressions : Implications for Recent Cross-Country Evidence on Inequality and Growth

Kraay, Aart - 2017

This paper revisits four recent cross-country empirical studies on the effects of inequality on growth. All four studies report strongly significant negative effects, using the popular system generalized method of moments estimator that is frequently used in cross-country growth empirics. This...

Persistent link: https://www.econbiz.de/10012970632

Predicting World Bank Project Outcome Ratings

Geli, Patricia - 2017

A number of recent studies have empirically documented links between characteristics of World Bank projects and their … ultimate outcomes as evaluated by the World Bank's Independent Evaluation Group. This paper explores the in-sample and out … project. Such models perform better than self-assessments of project performance provided by World Bank staff during the …

Persistent link: https://www.econbiz.de/10012972899

Growth, Inequality, and Social Welfare : Cross-Country Evidence

Dollar, David - 2017

Social welfare functions that assign weights to individuals based on their income levels can be used to document the relative importance of growth and inequality changes for changes in social welfare. In a large panel of industrial and developing countries over the past 40 years, most of the...

Persistent link: https://www.econbiz.de/10012973293

Collateral Registries for Movable Assets : Does Their Introduction Spur Firms'Access to Bank Finance?

Love, Inessa - 2017

Using firm-level surveys for up to 73 countries, this paper explores the impact of introducing collateral registries for movable assets on firms' access to bank finance. It compares firms' access to bank finance in seven countries that introduced collateral registries for movable assets against...

Persistent link: https://www.econbiz.de/10012974266

How Bank Competition Affects Firms'Access to Finance

Love, Inessa - 2017

Combining multi-year, firm-level surveys with country-level panel data for 53 countries, the authors explore the impact of bank competition on firms' access to finance. They find that low competition, as measured by high values of the Lerner index, diminishes firms' access to finance, while...

Persistent link: https://www.econbiz.de/10012975068

The Impact of Business Environment Reforms on New Firm Registration

Klapper, Leora F. - 2017

This paper uses panel data on the number of new firm registrations in 91 countries to study how the ease of registering a business and the magnitude of registration reforms affect new firm registrations. The authors find that the costs, days and procedures required to start a business are...

Persistent link: https://www.econbiz.de/10012976263