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In the past half a century, Egypt has experienced remarkable progress in the provision of infrastructure in all areas … perspective, Egypt has achieved an infrastructure status that closely corresponds to what could be expected given its national … income level. The present infrastructure status is the result of decades of purposeful investment. In the past 15 years …
Persistent link: https://www.econbiz.de/10012976728
What major insights have emerged from development economics in the past decade, and how do they matter for the World Bank? This challenging question was recently posed by World Bank Group President David Malpass to the staff of the Development Research Group. This paper assembles a set of 13...
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This paper attempts to reconcile the apparent contradiction between two strands of the literature on the effects of financial intermediation on economic activity. On the one hand, the empirical growth literature finds a positive effect of financial depth as measured by, for instance, private...
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"Loayza and Rancire study the apparent contradiction between two strands of the literature on the effects of financial intermediation on economic activity. On the one hand, the empirical growth literature finds a positive effect of financial depth as measured by, for instance, private domestic...
Persistent link: https://www.econbiz.de/10010522903
This paper addresses three questions: 1) what would have been the growth and income trajectory of Syria in the absence of war; 2) given the war, what explains the reduction in economic growth in terms physical capital, labor force, human capital, and productivity; and 3) what potential growth...
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