Showing 1 - 10 of 121
Weak institutions ought to deter foreign direction investment (FDI), and mass media stories highlight China … institutions and its economic track record. Institutions clearly determine a country's allure as an FDI destination, but standard … that China's FDI inflow is inefficiently large because weak institutions deter domestic investment while special …
Persistent link: https://www.econbiz.de/10012753830
An early cross-country, empirical analysis of value-added tax revenues on a sample of 34 countries estimates a model that can be used to predict revenues in countries contemplating the introduction of the VAT. It also confirms conventional wisdom from theoretical and case studies. The key...
Persistent link: https://www.econbiz.de/10013127088
The authors show how willingness to pay surveys can be used to gauge household demand for improved network water and sanitation services. They do this by presenting a case-study from Sri Lanka, where they surveyed approximately 1,800 households in 2003. Using multivariate regression, they show...
Persistent link: https://www.econbiz.de/10014060086
legal reform may not emerge because the expectation of weak legal institutions increases the expected relative return to …
Persistent link: https://www.econbiz.de/10014060296
This paper outlines an extension of the Human Capital Index that addresses the specific challenges in education and health faced by countries in Europe and Central Asia. Good basic education will not be enough, as job markets today demand higher levels of human capital than in the past. As the...
Persistent link: https://www.econbiz.de/10014091265
of labor and created extractive institutions, while "good" activities created inclusive institutions. The authors show …
Persistent link: https://www.econbiz.de/10013135470
This paper investigates the relationship between mining and spatial inequality in Africa during 2001-12. The identification strategy is based on a unilateral causation between mining and district inequality. The findings show that when minerals are aggregated, mining increases district...
Persistent link: https://www.econbiz.de/10012963654
The 2009 global recession demonstrated, once again, the importance of crisis prevention as well as the critical need for preserving policy room so that emerging market and developing economies (EMDEs) can act when their economies are hit by shocks. And now, with the global growth outlook still...
Persistent link: https://www.econbiz.de/10012839626
This paper examines the state of reverse mortgage markets in selected countries around the world and considers the potential benefits and risks of these products from a financial inclusion and economic benefit standpoint. Despite potentially increasing demand from aging societies -- combined...
Persistent link: https://www.econbiz.de/10012842637
Developing countries made considerable gains during the first decade of the 21st century. Their economies grew at unprecedented rates, resulting in large reduction in extreme poverty and a significant expansion of the middle class. But more recently that progress has slowed with an economic...
Persistent link: https://www.econbiz.de/10012957710