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Kraay, Aart; Ventura, Jaume - Economics Research, World Bank Group - 1995

A look at the data reveals that in OECD countries, economic fluctuations exhibit a high degree of synchronization. In 1965-90, cross-country contemporaneous GDP growth correlations averaged 45 percent. This suggests that a central element of any theory of economic fluctuations should be an...

Persistent link: https://www.econbiz.de/10005079577

Financial development, growth, and poverty: how close are the links?

Honohan, Patrick - Economics Research, World Bank Group - 2004

after taking account of mean income and inequality. Illustrating the pitfalls in equating financial development with …

Persistent link: https://www.econbiz.de/10005079592

New firm formation and industry growth - does having a market- or bank-based system matter?

Beck, Thorsten; Levine, Ross - Economics Research, World Bank Group - 2000

The authors find no evidence for the superiority of either market-based or bank-based financial systems for industries dependent on external financing. But they find overwhelming evidence that industries heavily dependent on external finance grow faster in economies with higher levels of...

Persistent link: https://www.econbiz.de/10005079904

Do workers'remittances promote financial development ?

Aggarwal, Reena; Demirguc-Kunt, Asli; Peria, Martinez; … - Economics Research, World Bank Group - 2006

Workers'remittances to developing countries have become the second largest type of flows after foreign direct investment. The authors use data on workers'remittance flows to 99 developing countries from 1975-2003 to study the impact of remittances on financial sector development. In particular,...

Persistent link: https://www.econbiz.de/10005079966

Forecasting investment needs in South Africa's electricity and telecommunications sectors

Bogetic, Zeljko; Fedderke, Johannes W. - Economics Research, World Bank Group - 2006

The authors use a panel-data set for the period 1980-2002 to estimate demand for electricity and telecommunications services and project investment needs in South Africa through 2010 for two growth scenarios. Projections of average annual investment needs in electricity and telecommunications...

Persistent link: https://www.econbiz.de/10005080105

Stock markets, banks, and growth : correlation or causality?

Beck, Thorsten; Levine, Ross - Economics Research, World Bank Group - 2001

The authors investigate the impact of stock markets and banks on economic growth using a panel data set for 1976-98 and applying recent generalized method of moments (GMM) techniques developed for dynamic panels. The authors illustrate econometrically the differences that emerge from different...

Persistent link: https://www.econbiz.de/10005080114

Does globalization hurt the poor?

Agenor, Pierre-Richard - Economics Research, World Bank Group - 2002

Ag?or attempts to examine analytically and empirically the extent to which globalization affects the poor in low- and middle-income countries. He begins with a description of various channels through which trade openness and financial integration may have an adverse effect on poverty. However,...

Persistent link: https://www.econbiz.de/10004989918

Infrastructure and economic growth in East Asia

Straub, Stephane; Vellutini, Charles; Warlters, Michael - Economics Research, World Bank Group - 2008

This paper examines whether infrastructure investment has contributed to East Asia's economic growth using both a growth accounting framework and cross-country regressions. For most of the variables used, both the growth accounting exercise and cross-country regressions fail to find a...

Persistent link: https://www.econbiz.de/10004989943

Learning from China's rise to escape the middle-income trap : a new structural economics approach to Latin America

Lin, Justin Yifu; Treichel, Volker - Economics Research, World Bank Group - 2012

economic growth, and create the basis for further sustained reduction in unemployment, poverty and income inequality. Failure …

Persistent link: https://www.econbiz.de/10010829732

A poverty analysis macroeconomic simulator (PAMS) linking household surveys with macro-models

Pereira da Silva, Luiz; Essama-Nssah, B.; Samake, Issouf - Economics Research, World Bank Group - 2002

the incidence of poverty and the inter-group inequality. PAMS can produce historical or counterfactual simulations of: o …/World Bank-supported program and introduce changes in tax, fiscal, and sectoral growth policies to reduce poverty and inequality … poverty and inequality within the same macro framework. …

Persistent link: https://www.econbiz.de/10005128557