The Millennium Villages Project is a high profile, multi-country development project that has aimed to serve as a model for ending rural poverty in sub-Saharan Africa. The project became the subject of controversy when the methodological basis of early claims of success was questioned. The...

Conditional cash transfer programs have been shown to be effective development strategies for raising human capital investments in children in many LDCs. In this paper, we use experimental data from cash transfer programs in three Latin America countries to assess the potential, unintended...

This paper analyzes the characteristics of beneficiaries that drop out of the Mexican conditional cash transfer program Oportunidades to determine if dropping out of the program is a result of selftargeting by the non-poor, the exclusion of the target poor population or a combination of both....

This paper describes and tries to quantify the effects of some factors that have affected costs of state owned electric utilities in Mexico (energy losses, fuel and labor). It is noted that the impact of the increases in fuel prices on the electric utilities' total cost in the last years has...

Die vorliegende Studie entwickelt eine moderne Wasserstoffstrategie fuer Deutschland. Der Kern der hier entwickelten Wasserstoffstrategie ist ein oeffentliches Wasserstoffpaket, das weit ueber die aktuellen Plaene der Bundesregierung hinausgeht. Das vorgeschlagene Wasserstoffpaket besteht aus...

Often, it has been observed that telecommunication infrastructure development and economic growth proceed together. While this relationship has been studied in the context of developed (OECD) countries, in this study, we investigate this simultaneous relationship between telecommunications and...

In der vorliegenden Studie werden die Möglichkeiten einer Reform der deutschen Schuldenbremse erörtert, um zusätzliche öffentliche Investitionen des Bundes über eine Kreditaufnahme zu finanzieren. Der Fokus der Analyse liegt auf einer grundgesetzlich verankerten Investitionsregel zur...

The global financial crisis of 2008 was followed by a wave of regulatory reforms that affected large banks, especially those with a global presence. These reforms were reactive to the crisis. In this paper we propose a structural model of global banking that can be used proactively to perform...

This paper estimates the cash flow and real effects of currency mismatches generated by foreign-priced operations of French manufacturers. The value of transactions invoiced in foreign currencies is twice as sensitive to exchange rates as the value of transactions invoiced in the domestic...

How do foreign direct investment (FDI) dynamics relate to the risk premium of a firm? To answer this question, we compare the stock returns of US firms with different FDI and mergers and acquisitions (M&A) exposure to study the evolution of stock returns as firms expand into foreign markets. We...