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How commodity prices respond to macroeconomic news (English)

This paper analyzes the immediate, delayed and group responses of 20 commodity prices in four commodity groups (foods and livestock, crops, energy and metals) to macroeconomic "news" (unexpected announcements) in the United States between 1985 and 1989. ... See More +

Policy Research Working Paper WPS354 FEB 28, 1990

Ghura, Dhaneshwar

Do exporters gain from voluntary export restraints? (English)

Most literature suggests that voluntary export restraints (VER) are not very harmful for the exporting country. This paper argues that this view is misconceived. ... See More +

Policy Research Working Paper WPS326 JAN 31, 1990

de Melo, Jaime; Winters, L. Alan

How industry - labor relations and government policies affect Senegal's economic performance (English)

Senegal is in a long-term economic crisis. Senegalese industry suffers from a highly adversarial system of industrial and labor relations, excessive government regulations in some areas and inadequate government support in others, and many misperceptions about the ethnically diverse labor force and enterprise ownership. ... See More +

Policy Research Working Paper WPS271 JAN 31, 1990

Terrell, Katherine; Svejnar, Jan

Making noisy data sing : a micro approach to measuring industrial efficiency (English)

Technical, scale and allocative inefficiency are widely believed to plague the industrial sectors of developing countries. This paper presents a way to measure this inefficiency with imperfect data. ... See More +

Policy Research Working Paper WPS327 JAN 31, 1990

Tybout, James R.

An option - pricing approach to secondary market debt : applied to Mexico (English)

This paper presents a pricing model for secondary market debt designed to assess the market value of various forms of guarantees and the impact of debt reduction on the value of remaining claims. ... See More +

Policy Research Working Paper WPS333 JAN 31, 1990

Claessens,Constantijn A.; van Wijnbergen, Sweder

Prudential regulation and banking supervision : building an institutional framework for Banks (English)

Economic deregulation and financial liberalization are important for a country to develop a viable and robust financial system. But deregulation will remove the protections previously afforded the banking system. ... See More +

Policy Research Working Paper WPS340 JAN 31, 1990

Polizatto, Vincent P.

A survey of recent estimates of price elasticities of demand for transport (English)

This paper reviews 70 estimates of the price elasticity of demand for many different transport modes and market situations. The paper presents figures separately for passenger and freight transport and include estimates of both own-price and mode choice elasticities. ... See More +

Policy Research Working Paper WPS359 JAN 31, 1990

Tae H. Oum; Waters, W.G.; Jong Say Yong

Notes on patents, distortions, and development (English)

The idea behind patent policies is to increase the output of commercially useful innovations by creating a transitory propertyy right that allows the inventor to appropriate part of the returns from his invention. ... See More +

Policy Research Working Paper WPS315 JAN 31, 1990

Nogues,Julio Disclosed

Economic and policy determinants of public sector deficits (English)

The purpose of this paper is to derive a framework for quantifying the contribution of the most important economic and policy variables to the public sector deficit. ... See More +

Policy Research Working Paper WPS321 DEC 31, 1989

Marshall, Jorge; Schmidt-Hebbel, Klaus

Macroeconomic adjustment and the labor market in four Latin American countries (English)

Implicit in standard macroeconomics of adjustment is the assumption of well-integrated labor markets that are responsive to relative prices. But segmentation of the labor market is usually said to be an important source of labor market rigidities. ... See More +

Policy Research Working Paper WPS335 DEC 31, 1989

Lopez, Ramon E.; Riveros, Luis A.

Cost of living differences between urban and rural areas in Indonesia (English)

It is commonly assumed that the cost of living is much higher in cities than in the country because housing rents are higher in urban areas and food staples cost more. ... See More +

Policy Research Working Paper WPS341 DEC 31, 1989

Ravallion, Martin; van de Walle, Dominique

A method for macroeconomic consistency in current and constant prices (English)

This paper extends earlier work on current-price budget identities to treat constant-price flow relations. It introduces relative prices and constant-prices values for all relevant output and aggregate demand components and permits a distinction between real variables and relative price changes. ... See More +

Policy Research Working Paper WPS306 DEC 31, 1989

Khadr, Ali; Schmidt-Hebbel, Klaus

Manufacturers' responses to infrastructure deficiencies in Nigeria : private alternatives and policy options (English)

As cities in developing countries grow, the need to meet increasing demand for urban infrastructure services has become an important policy problem. ... See More +

Policy Research Working Paper WPS325 DEC 31, 1989

Kyu Sik Lee; Anas, Alex

Legal process and economic development : a case study of Indonesia (English)

Westeners often complain that laws are not enforced in developing countries. "Good" laws are on the books, but in reality individuals and firms evade them with impunity. ... See More +

Policy Research Working Paper WPS350 DEC 31, 1989

Gray, Cheryl W.

The macroeconomics of populism in Latin America (English)

By populism, this paper refers to an economic approach that emphasizes growth and income redistribution and deemphasizes the risks of inflation and deficit finance, external constraints and the reaction of economic agents to aggressive nonmarket policies. ... See More +

Policy Research Working Paper WPS316 DEC 31, 1989

Dornbusch, Rudiger; Edwards, Sebastian

Recent trends and prospects for agricultural commodity exports in sub-Saharan Africa (English)

Sub - Sahran African (SSA) countries have seen sharp declines in their shares of agricultural export markets. But their export dependence on the most important crops - coffee and cocoa - has increased. ... See More +

Policy Research Working Paper WPS348 DEC 31, 1989

Takamasa Akiyama; Larson, Donald F.

Human capital and endogenous growth in a large scale life cycle model (English)

Most models of economic growth are infinite horizon models that neglect the role of human capital in shaping life-cycle variables. This paper introduces training decisions in a life-cycle model to study the role of human capital both in life-cycle behavior and as an engine of growth. ... See More +

Policy Research Working Paper WPS342 DEC 31, 1989

Arrau, Patricio

Sovereign debt buybacks as a signal of creditworthiness (English)

To solve the puzzle of attitudes toward debt buybacks, the authors use a model that combines considerations of debt overhang with the possibility of asymmetrical information between debtor countries and their creditors. ... See More +

Policy Research Working Paper WPS318 DEC 31, 1989

Acharya, Sankarshan; Diwan, Ishac

How private investment reacts to changing macroeconomic conditions : the case of Chile in the 1980s (English)

This paper simulates a model of joint determination of private investment spending, aggregate investment profitability and the level of GDP for Chile. ... See More +

Policy Research Working Paper WPS212 DEC 31, 1989

Solimano, Andres

Earmarking government revenues : does it work ? (English)

Earmarking is the practice of assigning revenues from specific taxes or groups of taxes to specific government activities or to broader areas of government activity. ... See More +

Policy Research Working Paper WPS322 DEC 31, 1989

McCleary, William

Title Document Date Report No. Document Type Also available in
How commodity prices respond to macroeconomic news (English)
See More +
FEB 28, 1990 WPS354 Policy Research Working Paper
Do exporters gain from voluntary export restraints? (English)
See More +
JAN 31, 1990 WPS326 Policy Research Working Paper
How industry - labor relations and government policies affect Senegal's economic performance (English)
See More +
JAN 31, 1990 WPS271 Policy Research Working Paper
Making noisy data sing : a micro approach to measuring industrial efficiency (English)
See More +
JAN 31, 1990 WPS327 Policy Research Working Paper
An option - pricing approach to secondary market debt : applied to Mexico (English)
See More +
JAN 31, 1990 WPS333 Policy Research Working Paper
Prudential regulation and banking supervision : building an institutional framework for Banks (English)
See More +
JAN 31, 1990 WPS340 Policy Research Working Paper
A survey of recent estimates of price elasticities of demand for transport (English)
See More +
JAN 31, 1990 WPS359 Policy Research Working Paper
Notes on patents, distortions, and development (English)
See More +
JAN 31, 1990 WPS315 Policy Research Working Paper
Economic and policy determinants of public sector deficits (English)
See More +
DEC 31, 1989 WPS321 Policy Research Working Paper
Macroeconomic adjustment and the labor market in four Latin American countries (English)
See More +
DEC 31, 1989 WPS335 Policy Research Working Paper
Cost of living differences between urban and rural areas in Indonesia (English)
See More +
DEC 31, 1989 WPS341 Policy Research Working Paper
A method for macroeconomic consistency in current and constant prices (English)
See More +
DEC 31, 1989 WPS306 Policy Research Working Paper
Manufacturers' responses to infrastructure deficiencies in Nigeria : private alternatives and policy options (English)
See More +
DEC 31, 1989 WPS325 Policy Research Working Paper
Legal process and economic development : a case study of Indonesia (English)
See More +
DEC 31, 1989 WPS350 Policy Research Working Paper
The macroeconomics of populism in Latin America (English)
See More +
DEC 31, 1989 WPS316 Policy Research Working Paper
Recent trends and prospects for agricultural commodity exports in sub-Saharan Africa (English)
See More +
DEC 31, 1989 WPS348 Policy Research Working Paper
Human capital and endogenous growth in a large scale life cycle model (English)
See More +
DEC 31, 1989 WPS342 Policy Research Working Paper
Sovereign debt buybacks as a signal of creditworthiness (English)
See More +
DEC 31, 1989 WPS318 Policy Research Working Paper
How private investment reacts to changing macroeconomic conditions : the case of Chile in the 1980s (English)
See More +
DEC 31, 1989 WPS212 Policy Research Working Paper
Earmarking government revenues : does it work ? (English)
See More +
DEC 31, 1989 WPS322 Policy Research Working Paper