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This essay first sets out the "business model" problems entailed by corruption and their effects as well as … corrupt practices. However, different economic policies can be pursued that are compatible with corruption. Some are more pro … resemble fairly orthodox economic policy prescriptions. Eventually the abolition of corruption holds the greatest promise to …
Persistent link: https://www.econbiz.de/10012975682
This paper examines whether domestic output growth helps attract capital inflows and, in turn, capital inflows help boost output growth in a set of 38 Sub-Saharan African countries. Using a two-step approach to address reverse causality and omitted variable issues, the paper finds that output...
Persistent link: https://www.econbiz.de/10012971630
The literature on aid and growth has not found a convincing instrumental variable to identify the causal effects of aid. This paper exploits an instrumental variable based on the fact that since 1987, eligibility for aid from the International Development Association (IDA) has been based partly...
Persistent link: https://www.econbiz.de/10012973243
This paper adds to aid volatility literature in three ways: First it tests the validity of the aid volatility and growth relationship from various aspects: across different time horizons, by sources of aid, and by aid volatility interactions with country characteristics. Second, it investigates...
Persistent link: https://www.econbiz.de/10012976695
Social and economic and rights are incorporated into many national constitutions, and courts in many countries are effectively and legitimately enforcing them. However, the large majority of rights rulings addresses the cost of goods and services and focuses exclusively on access. There is now...
Persistent link: https://www.econbiz.de/10012865474
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
Although emerging market and developing economies (EMDEs) weathered the global recession a decade ago relatively well, they now appear less well placed to cope with the substantial downside risks facing the global economy. In many EMDEs, the room for monetary and fiscal policies to respond to...
Persistent link: https://www.econbiz.de/10012841602
This paper re-examines the roles of changes in income and inequality in poverty reduction. The study provides estimates of the relative effects of inequality reduction versus growth promotion in reducing poverty for countries with different levels of initial poverty. The analysis uses country...
Persistent link: https://www.econbiz.de/10012973261
The developing world is experiencing substantial environmental change, and climate change is likely to accelerate these …
Persistent link: https://www.econbiz.de/10012974894
toward the end of 2010). Yet, between 2000-04 and 2005-09 world cotton production increased 13 percent. This paper …
Persistent link: https://www.econbiz.de/10012975578