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Sovereign wealth funds represent a large and growing pool of savings. An increasing number of these funds are owned by natural resource?exporting countries and have a variety of objectives, including intergenerational equity and macroeconomic stabilization. Traditionally, these funds have...
Persistent link: https://www.econbiz.de/10012973511
This paper explores the landscape, contributions, and determinants of sovereign wealth funds' long-term investments in Sub-Saharan Africa. The study finds that of all regions, Africa receives the lowest share of investment from sovereign wealth funds, and the landscape is dominated by Asian...
Persistent link: https://www.econbiz.de/10012967125
This paper reports on the 2009 update of the Worldwide Governance Indicators (WGI) research project, covering 212 countries and territories and measuring six dimensions of governance between 1996 and 2008: Voice and Accountability, Political Stability and Absence of Violence/Terrorism,...
Persistent link: https://www.econbiz.de/10014206912
rest of the world. Second, this convergence process will be accompanied by a widening of income distribution in two …
Persistent link: https://www.econbiz.de/10012746757
The paper presents a major overhaul to the World Bank's past estimates of global poverty, incorporating new and better … data. Extreme poverty-as judged by what quot;povertyquot; means in the world's poorest countries-is found to be more … the early 1980s. For 2005 we estimate that 1.4 billion people, or one quarter of the population of the developing world …
Persistent link: https://www.econbiz.de/10012746763
quality, social distance, and economic indicators using data from the World Values Survey. The results obtained indicate that …
Persistent link: https://www.econbiz.de/10012746827
regulatory, supervisory authorities, are now available to researchers, and policymakers around the world. The data cover such …
Persistent link: https://www.econbiz.de/10012746898
The authors address two questions: What happens to stock market size, liquidity, volatility, and integration with world …
Persistent link: https://www.econbiz.de/10012746910
Joseph Schumpeter argued in 1911 that the services provided by financial intermediaries - mobilizing savings, evaluating projects, managing risk, monitoring managers, and facilitating transactions -stimulate technological innovation and economic development. The authors present evidence that...
Persistent link: https://www.econbiz.de/10012746925
Public enterprises (PEs) earn an average 10 percent of GDP in developing countries. Many governments are reexamining the role of the state, so questions about whether to divest PEs or make them more efficient are likely to intensify. The Bank will increasingly be called upon for advice and...
Persistent link: https://www.econbiz.de/10012746944