Showing 1 - 10 of 568
transactions take place. The authors find that globalization via the diversification channel expanded throughout the world during …
Persistent link: https://www.econbiz.de/10012975170
This paper explores the conditions under which public spending could minimize violent conflict related to oil wealth … it undermines the state's bureaucratic penetration. Yet, little has been said on how oil wealth could be used to prevent …
Persistent link: https://www.econbiz.de/10012972501
transferring large shares of oil wealth can prevent conflict, while transferring small shares can trigger it. Among the different …
Persistent link: https://www.econbiz.de/10012967487
Gallup World Poll, the paper presents a range of estimates of the wealth-equivalent values of social trust. Such values are … variability of social capital as wealth. The analysis is used to argue, given what has been learned from the literature on social … usually not included in national or global accounts of income and wealth. In the light of the estimated importance of social …
Persistent link: https://www.econbiz.de/10012968746
In 2013, the Board of Executive Directors of the World Bank Group endorsed two ambitious goals: eliminating extreme … poverty in the world by 2030 and boosting shared prosperity. The latter is defined as fostering the growth in the income of … the poorest 40 percent of the population in each country. In 2016–17, the World Bank's Independent Evaluation Group …
Persistent link: https://www.econbiz.de/10012931053
This paper considers institutional and structural factors associated with investment activity in a panel of up to 129 developed and developing countries. It introduces these factors to a standard neoclassical investment function for open economies, and find that financial development and...
Persistent link: https://www.econbiz.de/10012974036
This paper examines whether natural resource dependence has a negative influence on various indicators of institutional quality when controlling for the potential effects of other geographic, economic and cultural initial conditions. Analysis of a panel of countries from 1996 to 2010 indicates...
Persistent link: https://www.econbiz.de/10012975086
This paper proposes that, to increase the efficiency of public spending in oil-rich economies, some or all of the oil revenues be transferred to citizens, and fiscal instruments such as taxation be used to finance public expenditures. The authors develop the case as follows. First, they confirm...
Persistent link: https://www.econbiz.de/10012976566
Russia entered the global crisis with strong fiscal position, low public debt, and large fiscal and monetary reserves, which helped it cushion the crisis shocks. But the rise in the non-oil fiscal deficit in 2007-08 and, more importantly, the massive impact of the global crisis in late 2008 and...
Persistent link: https://www.econbiz.de/10012976630
This paper analyses the evolution of fiscal and monetary variables in Ghana, from the discovery of oil in 2007 through to 2014. It documents the deterioration of fiscal and monetary discipline over this period, which resulted in a rebound of debt, a deterioration of the external balance, and a...
Persistent link: https://www.econbiz.de/10012946315