World Bank?s Long-Term Growth Model (LTGM), by separating the total capital stock into public and private portions, with the … accompanying freely downloadable Excel-based tool. It also constructs a new Infrastructure Efficiency Index (IEI), by combining …

Academics and policy makers have long considered an adequate supply of infrastructure services to be essential for … economic development. This paper reviews recent theoretical and empirical literature on the effects of infrastructure … the drivers of income growth, the degree to which infrastructure represents a public or a private good, and the extent of …

This paper offers an empirical evaluation of the output contribution of infrastructure. Drawing from a large data set … on infrastructure stocks covering 88 countries and spanning the years 1960-2000, and using a panel time-series approach … synthetic measure of infrastructure given by the first principal component of infrastructure endowments in transport, power, and …

The authors examine the influence of infrastructure, institutional quality, colonial and geographic context, and trade … bilateral country pairs do not actually trade. The authors depart from the institutions and infrastructure literature in this … components (to condense the institutional and infrastructure measures) with a focus on deviations in the resulting indexes from …

The author provides a preliminary benchmarking of infrastructure performance in Lesotho in four major sectors … of comparator countries using a new World Bank international data base with objective and perception-based indicators of … infrastructure performance from over 200 countries. The results of the benchmarking are revealing of several major, comparative …

Financial globalization, defined as global linkages through cross-border financial flows, has become increasingly … relevant for emerging markets as they integrate financially with the rest of the world. This paper argues that, because of the … way it is often measured, it has also led to the misperception that financial globalization in emerging markets has been …

(the VIX, the U.S. real interest rate and real exchange rate, U.S. GDP growth, and world commodity prices) that explain … common factors exhibits a "globalization" stage up to 2007, during which they acquire growing importance, followed by a phase …

The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009 … internationally, with severe economic and financial disruptions in many countries around the world. The 2009 global recession, set off …

This paper computes a new financial globalization index for a large sample of countries for 1992-2016. Unlike other … measures, the financial globalization index corrects for the heteroscedasticity of global volatility. This leads to a downward … adjustment of financial globalization trends for developed, emerging, and frontier markets. The paper also shows that financial …