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Why Some Countries Can Escape the Fiscal Pro-Cyclicality Trap and Others Cannot ? (English)

This paper analyzes the procyclicality of fiscal policy on the tax and spending sides in a sample of 116 developing countries between 2000 and 2016. ... See More +

Policy Research Working Paper WPS8963 AUG 06, 2019

Herrera Aguilera,Santiago; Kouame,Wilfried Anicet Kouakou; Mandon,Pierre Jean-Claude Disclosed

What Determines the Size of Public Employment ? An Empirical Investigation (English)

This paper explores the determinants of public employment across the world and finds that it is negatively associated with country size (by population) and positively associated with the income level. ... See More +

Policy Research Working Paper WPS8961 AUG 06, 2019

Herrera Aguilera,Santiago; Munoz,Ercio Disclosed

Efficiency of Public Spending in Education, Health, and Infrastructure : An International Benchmarking Exercise (English)

Governments of developing countries typically spend between 20 and 30 percent of gross domestic product. Hence, small changes in the efficiency of public spending could have a major impact on aggregate productivity growth and gross domestic product levels. ... See More +

WPS8586 SEP 13, 2018

Herrera Aguilera,Santiago; Ouedraogo,Abdoulaye Disclosed

Productivity in the non-oil sector in Nigeria : firm-level evidence (English)

This paper examines the determinants of the productivity of Nigerian firms, using three waves of Enterprise Surveys from 2007, 2009, and 2014 and 7,670 firms. ... See More +

Policy Research Working Paper WPS8145 JUL 12, 2017

Herrera,Santiago; Kouame,Wilfried Anicet Kouakou Disclosed

Demographic Explosion in the Sahel : Dividend or Burden? (English)

Like many other countries in Sub-Saharan Africa, this sub-group of West and Central African countries has experienced relatively fast drops in mortality but persistently high levels of fertility, which implies continued high rates of population growth, which represent an important challenge to development prospects. ... See More +

Working Paper 132005 SEP 01, 2016

Lopez Calix,Jose R.; Schneidman,Miriam; Suzuki,Emi; Garba,Abdoulahi; Beguy,Olivier; Kaho,Arsene Richmond; Razafimandimby,Luc; Zafar,Ali; Geli,Patricia; Mijiyawa,Abdoul Ganiou; Balima,Weneyam Hippolyte; Sani,Mahaman; Magassouba,Mahamoud; Herrera,Santiago; Touqeer,Irum; Megnan,Kolie Ousmane Maurice; Kra,Jean Charles Amon French Disclosed

Demographic Explosion in the Sahel : Dividend or Burden? (French)

Like many other countries in Sub-Saharan Africa, this sub-group of West and Central African countries has experienced relatively fast drops in mortality but persistently high levels of fertility, which implies continued high rates of population growth, which represent an important challenge to development prospects. ... See More +

Working Paper 132005 SEP 01, 2016

Lopez Calix,Jose R.; Schneidman,Miriam; Suzuki,Emi; Garba,Abdoulahi; Beguy,Olivier; Kaho,Arsene Richmond; Razafimandimby,Luc; Geli,Patricia; Mijiyawa,Abdoul Ganiou; Balima,Weneyam Hippolyte; Sani,Mahaman; Magassouba,Mahamoud; Herrera,Santiago; Touqeer,Irum; Megnan,Kolie Ousmane Maurice; Kra,Jean Charles Amon English Disclosed

Long-run growth in Ghana : determinants and prospects (English)

Ghana's economic growth picked up in the early 2000s and has been exceptionally strong over the past few years, with price booms of its main commodity exports, gold and cocoa, and the initiation of commercial oil production in 2011. ... See More +

Policy Research Working Paper WPS7115 NOV 01, 2014

Herrera, Santiago; Aykut, Dilek Disclosed

Heterogeneity in returns to investment in education in Egypt (English)

The paper estimates the rates of return to investment in education in Egypt, allowing for multiple sources of heterogeneity across individuals. ... See More +

Journal Article 82867 SEP 25, 2013

Mohamed,Karim Badr El-Din; Herrera,Santiago Disclosed

Why don't banks lend to Egypt's private sector? (English)

Bank credit to Egypt's private sector decreased over the last decade, despite a recapitalized banking system and high rates of economic growth. ... See More +

Journal Article 79452 APR 09, 2013

Herrera Aguilera,Santiago; Hurlin,Christophe; Zaki,Chahir Disclosed

Macroeconomic shocks and banking sector developments in Egypt (English)

From 2008 to 2011, Egypt was hit by significant shocks, both global and country-specific. This paper assesses the impact of the resulting macroeconomic instability on the banking sector, and examines its role as a shock absorber. ... See More +

Policy Research Working Paper WPS6314 JAN 01, 2013

Herrera, Santiago; Youssef, Hoda Disclosed

Internal migration in Egypt : levels, determinants, wages, and likelihood of employment (English)

This paper describes stylized facts about internal migration and the labor force in Egypt, and shows how internal migration in the country is low compared with international standards. ... See More +

Policy Research Working Paper WPS6166 AUG 01, 2012

Herrera, Santiago; Badr, Karim Disclosed

Why don't banks lend to Egypt's private sector ? (English)

Bank credit to Egypt's private sector decreased over the last decade, despite a recapitalized banking system and high rates of economic growth. ... See More +

Policy Research Working Paper WPS6094 JUN 01, 2012

Herrera, Santiago; Hurlin, Christophe; Zaki, Chahir Disclosed

Why does the productivity of education vary across individuals in Egypt ? firm size, gender, and access to technology as sources of heterogeneity in returns to education (English)

The paper estimates the rates of return to investment in education in Egypt, allowing for multiple sources of heterogeneity across individuals. ... See More +

Policy Research Working Paper WPS5740 JUL 01, 2011

Herrera, Santiago; Badr, Karim Disclosed

Egypt beyond the crisis : medium-term challenges for sustained growth (English)

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. ... See More +

Policy Research Working Paper WPS5451 OCT 01, 2010

Herrera, Santiago; Youssef, Hoda; Zaki, Chahir Disclosed

The impact of food inflation on urban poverty and its monetary cost : some back-of-the-envelope calculations (English)

This paper uses a sample of 73 developing countries to estimate the change in the cost of alleviating urban poverty brought about by the recent increase in food prices. ... See More +

Policy Research Working Paper WPS4666 JUL 01, 2008

Dessus, Sebastien; Herrera, Santiago; de Hoyos, Rafael Disclosed

Public expenditure and consumption volatility (English)

Recent estimates of the welfare cost of consumption volatility find that it is significant in developing nations, where it may reach an equivalent of reducing consumption by 10 percent per year. ... See More +

Policy Research Working Paper WPS4633 MAY 01, 2008

Herrera, Santiago; Vincent, Bruno Disclosed

The economic rate of return of World Bank projects (English)

The recent discussion on the effect of the composition of government expenditure on growth has pointed at public spending on particular projects that remove bottlenecks for growth as a tool to spark virtuous circles of growth-debt burden reduction. ... See More +

Working Paper 70427 SEP 07, 2005

Herrera, Santiago Disclosed

Output fluctuations in Latin America - what explains the recent slowdown? (English)

The authors explain Latin America's growth slowdown in 1998-1999. To do so, they use two complementary methodologies. The first aims at determining how much of the slowdown can be explained by specific external factors: the terms of trade, international interest rates, spreads on external debt, capital flows, and climatological factors (El Nino). ... See More +

Policy Research Working Paper WPS2333 MAY 31, 2000

Herrera, Santiago; Perry, Guillermo; Quintero, Neile

Title Document Date Report No. Document Type Also available in
Why Some Countries Can Escape the Fiscal Pro-Cyclicality Trap and Others Cannot ? (English)
See More +
AUG 06, 2019 WPS8963 Policy Research Working Paper
What Determines the Size of Public Employment ? An Empirical Investigation (English)
See More +
AUG 06, 2019 WPS8961 Policy Research Working Paper
Efficiency of Public Spending in Education, Health, and Infrastructure : An International Benchmarking Exercise (English)
See More +
SEP 13, 2018 WPS8586
Productivity in the non-oil sector in Nigeria : firm-level evidence (English)
See More +
JUL 12, 2017 WPS8145 Policy Research Working Paper
Demographic Explosion in the Sahel : Dividend or Burden? (English)
See More +
SEP 01, 2016 132005 Working Paper French
Demographic Explosion in the Sahel : Dividend or Burden? (French)
See More +
SEP 01, 2016 132005 Working Paper English
Long-run growth in Ghana : determinants and prospects (English)
See More +
NOV 01, 2014 WPS7115 Policy Research Working Paper
Heterogeneity in returns to investment in education in Egypt (English)
See More +
SEP 25, 2013 82867 Journal Article
Why don't banks lend to Egypt's private sector? (English)
See More +
APR 09, 2013 79452 Journal Article
Macroeconomic shocks and banking sector developments in Egypt (English)
See More +
JAN 01, 2013 WPS6314 Policy Research Working Paper
Internal migration in Egypt : levels, determinants, wages, and likelihood of employment (English)
See More +
AUG 01, 2012 WPS6166 Policy Research Working Paper
Why don't banks lend to Egypt's private sector ? (English)
See More +
JUN 01, 2012 WPS6094 Policy Research Working Paper
Why does the productivity of education vary across individuals in Egypt ? firm size, gender, and access to technology as sources of heterogeneity in returns to education (English)
See More +
JUL 01, 2011 WPS5740 Policy Research Working Paper
Egypt beyond the crisis : medium-term challenges for sustained growth (English)
See More +
OCT 01, 2010 WPS5451 Policy Research Working Paper
The impact of food inflation on urban poverty and its monetary cost : some back-of-the-envelope calculations (English)
See More +
JUL 01, 2008 WPS4666 Policy Research Working Paper
Public expenditure and consumption volatility (English)
See More +
MAY 01, 2008 WPS4633 Policy Research Working Paper
The economic rate of return of World Bank projects (English)
See More +
SEP 07, 2005 70427 Working Paper
Output fluctuations in Latin America - what explains the recent slowdown? (English)
See More +
MAY 31, 2000 WPS2333 Policy Research Working Paper