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A Framework for Thinking About Enterprise Formalization Policies in Developing Countries
Kenyon, Thomas - 2016
What policies encourage firms to become formal? The standard approach emphasizes reducing the costs of compliance with government regulation. This is unlikely to be sufficient. Instead we need to understand compliance as a function not only of firm-level costs and benefits but also in terms of...
Persistent link: https://www.econbiz.de/10012747737
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Political Economy of Reform
Khemani, Stuti - 2017
This paper reviews the literature relevant to understanding political constraints to economic reforms. Reform refers to changes in government policies or institutional rules because status quo policies and institutions are not working well to achieve the goals of economic well-being and...
Persistent link: https://www.econbiz.de/10012945077
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World Bank Lending and the Quality of Economic Policy
Smets, Lodewijk - 2017
This study investigates the impact of World Bank development policy lending on the quality of economic policy. It finds that the quality of policy increases, but at a diminishing rate, with the cumulative number of policy loans. Similar results hold for the cumulative number of conditions...
Persistent link: https://www.econbiz.de/10012973107
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Africa's Macroeconomic Story
Hostland, Douglas - 2017
Much of Sub-Saharan Africa's post-independence macroeconomic history has been characterized by boom-bust cycles. Growth …
Persistent link: https://www.econbiz.de/10012973926
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Deals Versus Rules : Policy Implementation Uncertainty and Why Firms Hate it
Hallward-Driemeier, Mary - 2017
Firms in Africa report "regulatory and economic policy uncertainty" as a top constraint to their growth. This paper … argues that often firms in Africa do not cope with policy rules, rather they face deals: firm-specific policy actions that … Africa. Strikingly, the gap between de jure and de facto conditions grows with the formal regulatory burden. The evidence …
Persistent link: https://www.econbiz.de/10012976520
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New Evidence on the Cyclicality of Fiscal Policy
Carneiro, Francisco - 2017
This paper presents new evidence on the patterns of cyclicality in the fiscal policy stance of developing and industrialized countries over a period of more than three decades covering 180 countries during 1980?2012. First, the paper considers issues of robustness in the choice of the proxy for...
Persistent link: https://www.econbiz.de/10012971636
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Egypt Beyond the Crisis : Medium-Term Challenges for Sustained Growth
Herrera, Santiago - 2017
The paper analyzes the impact of the recent global crisis in the context of the previous two decades' growth and capital flows. Growth decomposition exercises show that Egyptian growth is driven mostly by capital accumulation. To estimate the share of labor in national income, the analysis...
Persistent link: https://www.econbiz.de/10012976332
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Growth Recovery in Southern Europe : A Dozen Lessons, Old and New
Islam, Roumeen - 2017
Greece, Ireland, Portugal, and Spain entered a period of severe economic and financial stress in the aftermath of the 2008 crisis. Their collective experience confirmed the primacy of total debt, private or public, in affecting the onset of, depth of, and recovery from economic crises. The year...
Persistent link: https://www.econbiz.de/10012967481
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Structural Change, Fundamentals, and Growth : A Framework and Case Studies
McMillan, Margaret - 2017
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
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Diversification, Growth, and Volatility in Asia
Papageorgiou, Chris - 2017
comparison with Sub-Saharan Africa. Much of the progress has occurred through diversification along the ?extensive margin,? that …
Persistent link: https://www.econbiz.de/10012971321