As crude oil prices reach new highs, there is renewed concern about how external shocks will affect growth and poverty in developing countries. This paper describes a macro-micro framework for examining the structural and distributional consequences of a significant external shock-an increase in...

This paper benchmarks the quality of project economic analysis in South Asia against other World Bank regions, using data on project exits between 1975 and 2015. The results show that the South Asia region performs on par with the other regions, in that the share of project documents that report...

This paper provides evidence on the labor productivity growth and employment impacts of foreign direct investment in selected countries in Africa over the years 2001-2012. It uses data from five emerging economies (Brazil, Russia, India, China, and South Africa) and advanced countries (Canada,...

Effective development policymaking creates a need for reliable methods of assessing effectiveness. There should be, therefore, an intimate relationship between effective policymaking and impact analysis. The goal of a development intervention defines the metric by which to assess its impact,...

Developing countries face a host of macroeconomic challenges in the design and implementation of development strategies and policies. The importance of the underlying poverty and distributional issues creates a need for relevant and reliable ways of tracking the social impact of shocks and...

The international community has declared poverty reduction one of the fundamental objectives of development, and therefore a metric for assessing the effectiveness of development interventions. This creates the need for a sound understanding of the fundamental factors that account for observed...

The authors use regression analysis to assess the potential welfare impact of rainfall shocks in rural Indonesia. In particular, they consider two shocks: (i) a delay in the onset of monsoon and (ii) a significant shortfall in the amount of rain in the 90 day post-onset period. Focusing on...

This paper presents counterfactual decompositions based on both the Shapley method and a generalization of the Oaxaca-Blinder approach to identify proximate factors that might explain differences in the distribution of economic welfare in Cameroon in 1996-2007. In particular, the analysis uses...

The Government of Cameroon has declared poverty reduction through strong and sustainable economic growth the central objective of its socioeconomic policy. This paper uses available household survey data to assess the performance of the economy with respect to this objective over the period...

The difficulties faced by many developing countries in raising revenue from direct taxes have forced them to rely heavily on indirect taxes to finance development interventions. The purpose of this paper is to show how to identify socially desirable options for commodity taxation in the context...