Showing 1 - 10 of 587
This study uses loan-level data on syndicated lending to a large sample of developing countries between 1993 and 2017 to estimate the mobilization effects of multilateral development banks (MDBs), that is, their ability to crowd-in capital from private creditors. Controlling for a large set of...
Persistent link: https://www.econbiz.de/10012840715
The role of' first movers' in fragile states is critical: they grow and diversify markets in ways that no other firms do, generating disproportionate impact in terms of development and stability. But pioneer firms are rare in fragile states. This study documents their profile, their challenges,...
Persistent link: https://www.econbiz.de/10012889910
This paper argues for a novel approach to financing infrastructure needs in Arab countries. It first describes the context of rising public debt in the region, contrasting it with the vast infrastructure needs. It then discusses the challenges in meeting these needs with traditional financing....
Persistent link: https://www.econbiz.de/10012869701
Over the past decade, donors of foreign aid quadrupled their annual contributions to trust funds at the World Bank. This earmarking of contributions to donors' preferred recipient countries and issues has raised concerns about the alignment of trust funds with the performance-based allocations...
Persistent link: https://www.econbiz.de/10012968729
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 provides an overview of the history of development research at the World Bank and points to new future directions in both what we research and how we research. Six main messages emerge. First, research and data have long been essential elements of the Bank's country programs and its...
Persistent link: https://www.econbiz.de/10012976352
The World Bank Group recently adopted the "cascade framework" to "maximize finance for development." The cascade recommends that reforms be tried first, followed by subsidies, and then public investments. To understand the economics of the cascade, this paper presents a model where reforms,...
Persistent link: https://www.econbiz.de/10012928891
level contributes to human capital development in one of those countries?China. To fulfill this aim, a longitudinal data on … two provinces of China are used. First, estimates from instrumental variables and matching analyses show that attending … developing countries such as China …
Persistent link: https://www.econbiz.de/10012971182
expenditures, as in China and India, the impact was magnified. Increases in recurrent expenditure, which were made in Brazil and … India, acted as short-term stimulants; additional public investment, as in China, appears to have had a more lasting impact … restricted the contribution of Brazilian states to fiscal stimulus. Legal prohibition of subnational borrowing induced China …
Persistent link: https://www.econbiz.de/10012974480
emerging market countries such as China, India and Brazil are also engaged in industrial upgrading but with a critical … difference. In particular, because of its sheer size, China has absorbed nearly all labor-intensive jobs and become the world …?s largest exporter of labor-intensive products. The current view is that China?s dominance hinders poor countries from …
Persistent link: https://www.econbiz.de/10012975353