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Political Connections and Financial Constraints : Evidence from Transition Countries (English)

This paper examines whether political connections ease financial constraints faced by firms. Using firm-level data from six Central and Eastern European economies, the paper shows that politically connected firms: (i) have high levels of leverage, (ii) have low levels of profitability, (iii) are less capitalized, (iv) have low marginal productivity of capital, and (v) do not invest more than unconnected firms. ... See More +

Policy Research Working Paper WPS8956 AUG 06, 2019

Bussolo,Maurizio; De Nicola,Francesca; Panizza,Ugo G.; Varghese,Richard Disclosed

I Perceive Therefore I Demand : The Formation of Inequality Perceptions and Demand for Redistribution (English)

This paper investigates the link between inequality and demand for redistribution by looking at how individuals form their perceptions of inequality. ... See More +

Policy Research Working Paper WPS8926 JUN 28, 2019

Bussolo,Maurizio; Ferrer-i-Carbonell,Ada; Giolbas,Anna Barbara; Torre,Ivan Disclosed

Long-Term Evolution of Inequality of Opportunity (English)

The main goal of this paper is to document and analyze the long-term evolution of inequality of opportunity and thus extend the recent empirical literature, which is mainly concerned with its measurement at a specific point in time. ... See More +

Policy Research Working Paper WPS8700 JAN 15, 2019

Bussolo,Maurizio; Checchi,Daniele; Peragine,Vito Disclosed

Vertical and Horizontal Redistribution : The Cases of Western and Eastern Europe (English)

European countries have the world's most redistributive tax and transfer systems. Although they have been well equipped to deal with vertical inequality -- that is, fostering redistribution from the rich to the poor -- less is known about their performance in dealing with horizontal inequality, that is, in redistributing among socioeconomic groups. ... See More +

Policy Research Working Paper WPS8657 NOV 29, 2018

Bussolo,Maurizio; Krolage,Carla; Makovec,Mattia; Peichl,Andreas; Stockli,Marc; Torre,Ivan; Wittneben,Christian Disclosed

Does Job Polarization Explain the Rise in Earnings Inequality ? Evidence from Europe (English)

Earnings inequality and job polarization have increased significantly in several countries since the early 1990s. Using data from European countries covering a 20-year period, this paper provides new evidence that the decline of middle-skilled occupations and the simultaneous increase of high- and low-skilled occupations are important factors accounting for the rise of inequality, especially at the bottom of the distribution. ... See More +

Policy Research Working Paper WPS8652 NOV 26, 2018

Bussolo,Maurizio; Torre,Ivan; Winkler,Hernan Jorge Disclosed

Inequality and Welfare Dynamics in the Russian Federation during 1994-2015 (English)

The Russian Federation offers the unique example of a leading centrally planned economy swiftly transforming itself into a market-oriented economy. ... See More +

Policy Research Working Paper WPS8629 OCT 29, 2018

Dang,Hai-Anh H.; Lokshin,Michael M.; Abanokova,Ksenia; Bussolo,Maurizio Disclosed

Political connections and firms : network dimensions (English)

Business and politicians' interaction is pervasive but has mostly been analyzed with a binary approach, i.e. either a firm is connected to a politician or not. ... See More +

Policy Research Working Paper WPS8428 MAY 03, 2018

Bussolo,Maurizio; Commander,Simon John; Poupakis,Stavros Disclosed

Toward a New Social Contract : Taking on Distributional Tensions in Europe and Central Asia (English)

The growing economic fissures in the societies of Europe and Central Asia between generations, between insiders and outsiders in the labor market, between rural and urban communities, and between the super-rich and everyone else, are threatening the sustainability of the social contract. ... See More +

Publication 130299 JAN 01, 2018

Bussolo,Maurizio; Davalos,Maria Eugenia; Peragine,Vito; Sundaram,Ramya Disclosed

Global inequality in a more educated world (English)

In developing countries, younger and better-educated cohorts are entering the workforce. This developing world-led education wave is altering the skill composition of the global labor supply, and impacting income distribution, at the national and global levels. ... See More +

Policy Research Working Paper WPS8135 JUN 30, 2017

Ahmed, S. Amer; Bussolo,Maurizio; Vargas Da Cruz,Marcio Jose; Go,Delfin Sia; Osorio-Rodarte,Israel Disclosed

The distributive impact of terms of trade shocks (English)

The halving of oil prices, which happened in a short period between late 2014 and the first months of 2015, has generated major terms of trade losses for oil exporting countries. ... See More +

Policy Research Working Paper WPS8016 MAR 29, 2017

Bussolo,Maurizio; Luongo,Patrizia Disclosed

Organizing knowledge to compete : impacts of capacity building programs on firm organization (English)

A growing literature aiming at explaining differences across firms in productivity and access to global export markets has focused on the internal organization of firms. ... See More +

Policy Research Working Paper WPS7640 APR 14, 2016

Vargas Da Cruz,Marcio Jose; Bussolo,Maurizio; Iacovone,Leonardo Disclosed

The impact of China on Europe and Central Asia : Влияние Китая на Европу и Центральную Азию (Russian)

The economies of Europe and Central Asia (ECA) are facing complex challenges. In the eastern part of the region the task of governments is to orchestrate a coordinated crisis response. ... See More +

Publication 104605 APR 01, 2016

Timmer,Hans; Bussolo,Maurizio; Gould,David Michael; Letelier,Raquel Alejandra; Nguyen,Tu Chi; Panterov,Georgi Lyudmilov; Shaw,William; Ushakova,Ekaterina; Burns,Andrew; Izvorski,Ivailo V.; Pigato,Miria A.; Sanchez,Carolina English Disclosed

The impact of China on Europe and Central Asia (English)

The economies of Europe and Central Asia (ECA) are facing complex challenges. In the eastern part of the region the task of governments is to orchestrate a coordinated crisis response. ... See More +

Publication 104605 APR 01, 2016

Timmer,Hans; Bussolo,Maurizio; Gould,David Michael; Letelier,Raquel Alejandra; Nguyen,Tu Chi; Panterov,Georgi Lyudmilov; Shaw,William; Ushakova,Ekaterina; Burns,Andrew; Izvorski,Ivailo V.; Pigato,Miria A.; Sanchez,Carolina Russian Disclosed

Shared prosperity : paving the way in Europe and Central Asia : На пути к всеобщему процветанию в Европе и Центральной Азии (Russian)

The World Bank has recently defined two strategic goals: ending extreme poverty and boosting shared prosperity. Shared prosperity is measured as income growth among the bottom 40 percent of the income distribution in the population. ... See More +

Publication 86944 JAN 01, 2016

Bussolo,Maurizio; Lopez-Calva,Luis-Felipe English Disclosed

Population aging and households’ saving in the Russian Federation (English)

Using household data from the Russian Longitudinal Monitoring Survey, this paper assesses how aging affects saving. To overcome a systematic bias against the life-cycle hypothesis of survey data, the paper estimates how the age profile of saving changes when the micro data are corrected to account for the contribution to pensions (as additional saving) and receipt of benefits from pensions (as dissaving). ... See More +

WPS7443 OCT 15, 2015

Bussolo,Maurizio; Simone,Schotte; Matytsin,Mikhail Disclosed

Low commodity prices and weak currencies (English)

Against the backdrop of a weakening global economy and volatility in international financial markets, countries of the Europe and Central Asia region (ECA) are transitioning to a new normal. ... See More +

Publication 100609 OCT 01, 2015

Timmer,Hans; Bussolo,Maurizio; Gogova,Dobrina; Gould,David Michael; Luongo,Patrizia; Nguyen,Tu Chi; Panterov,Georgi Lyudmilov; Ushakova,Ekaterina; Burns,Andrew; Izvorski,Ivailo V.; Pigato,Miria A.; Sanchez,Carolina Russian Disclosed

Low commodity prices and weak currencies : Низкие цены на сырьё и слабые валюты (Russian)

Against the backdrop of a weakening global economy and volatility in international financial markets, countries of the Europe and Central Asia region (ECA) are transitioning to a new normal. ... See More +

Publication 100609 OCT 01, 2015

Timmer,Hans; Bussolo,Maurizio; Gogova,Dobrina; Gould,David Michael; Luongo,Patrizia; Nguyen,Tu Chi; Panterov,Georgi Lyudmilov; Ushakova,Ekaterina; Burns,Andrew; Izvorski,Ivailo V.; Pigato,Miria A.; Sanchez,Carolina English Disclosed

Golden aging : prospects for healthy, active, and prosperous aging in Europe and Central Asia (English)

Societies across Europe and Central Asia are aging, but people are not necessarily living longer. This demographic trend-caused by a decrease in fertility rather than improved longevity-presents both challenges and opportunities for governments, the private sector, and individuals alike. ... See More +

Publication 97714 JUN 16, 2015

Bussolo,Maurizio; Koettl-Brodmann,Johannes; Sinnott,Emily Russian Disclosed

Does input tariff reduction impact firms' exports in the presence of import tariff exemption regimes ? (English)

In the last decade Morocco undertook substantial, if gradual, trade liberalization by reducing tariffs, reforming trade regulations and signing free and preferential trade agreements with several regions and countries, including the United States, Turkey, the European Union and Arab countries. ... See More +

Policy Research Working Paper WPS7231 APR 06, 2015

Bussolo,Maurizio; Vargas Da Cruz,Marcio Jose Disclosed

Golden aging : prospects for healthy, active, and prosperous aging in Europe and Central Asia : Золотой век старения: перспективы здоровой, активной и обеспеченной старости (Russian)

Societies across Europe and Central Asia are aging, but people are not necessarily living longer. This demographic trend-caused by a decrease in fertility rather than improved longevity-presents both challenges and opportunities for governments, the private sector, and individuals alike. ... See More +

Publication 97714 JAN 01, 2015

Bussolo,Maurizio; Koettl-Brodmann,Johannes; Sinnott,Emily English Disclosed

Title Document Date Report No. Document Type Also available in
Political Connections and Financial Constraints : Evidence from Transition Countries (English)
See More +
AUG 06, 2019 WPS8956 Policy Research Working Paper
I Perceive Therefore I Demand : The Formation of Inequality Perceptions and Demand for Redistribution (English)
See More +
JUN 28, 2019 WPS8926 Policy Research Working Paper
Long-Term Evolution of Inequality of Opportunity (English)
See More +
JAN 15, 2019 WPS8700 Policy Research Working Paper
Vertical and Horizontal Redistribution : The Cases of Western and Eastern Europe (English)
See More +
NOV 29, 2018 WPS8657 Policy Research Working Paper
Does Job Polarization Explain the Rise in Earnings Inequality ? Evidence from Europe (English)
See More +
NOV 26, 2018 WPS8652 Policy Research Working Paper
Inequality and Welfare Dynamics in the Russian Federation during 1994-2015 (English)
See More +
OCT 29, 2018 WPS8629 Policy Research Working Paper
Political connections and firms : network dimensions (English)
See More +
MAY 03, 2018 WPS8428 Policy Research Working Paper
Toward a New Social Contract : Taking on Distributional Tensions in Europe and Central Asia (English)
See More +
JAN 01, 2018 130299 Publication
Global inequality in a more educated world (English)
See More +
JUN 30, 2017 WPS8135 Policy Research Working Paper
The distributive impact of terms of trade shocks (English)
See More +
MAR 29, 2017 WPS8016 Policy Research Working Paper
Organizing knowledge to compete : impacts of capacity building programs on firm organization (English)
See More +
APR 14, 2016 WPS7640 Policy Research Working Paper
The impact of China on Europe and Central Asia : Влияние Китая на Европу и Центральную Азию (Russian)
See More +
APR 01, 2016 104605 Publication English
The impact of China on Europe and Central Asia (English)
See More +
APR 01, 2016 104605 Publication Russian
Shared prosperity : paving the way in Europe and Central Asia : На пути к всеобщему процветанию в Европе и Центральной Азии (Russian)
See More +
JAN 01, 2016 86944 Publication English
Population aging and households’ saving in the Russian Federation (English)
See More +
OCT 15, 2015 WPS7443
Low commodity prices and weak currencies (English)
See More +
OCT 01, 2015 100609 Publication Russian
Low commodity prices and weak currencies : Низкие цены на сырьё и слабые валюты (Russian)
See More +
OCT 01, 2015 100609 Publication English
Golden aging : prospects for healthy, active, and prosperous aging in Europe and Central Asia (English)
See More +
JUN 16, 2015 97714 Publication Russian
Does input tariff reduction impact firms' exports in the presence of import tariff exemption regimes ? (English)
See More +
APR 06, 2015 WPS7231 Policy Research Working Paper
Golden aging : prospects for healthy, active, and prosperous aging in Europe and Central Asia : Золотой век старения: перспективы здоровой, активной и обеспеченной старости (Russian)
See More +
JAN 01, 2015 97714 Publication English