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Area C and the future of the Palestinian economy (English)

Restrictions on economic activity in area C of the West Bank have been particularly detrimental to the Palestinian economy. Area C constitutes about 61 percent of the West Bank territory. ... See More +

Publication 89370 JUL 02, 2014

Niksic, Orhan; Eddin, Nur Nasser; Cali Massimiliano

Estimation of normal mixtures in a nested error model with an application to small area estimation of poverty and inequality (English)

This paper proposes a method for estimating distribution functions that are associated with the nested errors in linear mixed models. The estimator incorporates Empirical Bayes prediction while making minimal assumptions about the shape of the error distributions. ... See More +

Policy Research Working Paper WPS6962 JUL 01, 2014

Elbers, Chris; van der Weide, Roy

Services, inequality, and the dutch disease (English)

This paper shows how Dutch disease effects may arise solely from a shift in demand following a natural resource discovery. The natural resource wealth increases the demand for non-tradable luxury services due to non-homothetic preferences. ... See More +

Policy Research Working Paper WPS6966 JUL 01, 2014

Battaile, Bill; Chisik, Richard; Onder, Harun

The Brasilia experiment : road access and the spatial pattern of long-term local development in Brazil (English)

This paper studies the impact of the rapid expansion of the Brazilian road network, which occurred from the 1960s to the 2000s, on the growth and spatial allocation of population and economic activity across the country's municipalities. ... See More +

Policy Research Working Paper WPS6964 JUL 01, 2014

Bird, Julia; Straub, Stephane

Minutes of meeting of the Board of Directors of IFC, held on Tuesday, July 1, 2014 (English)

Minutes 89207 JUL 01, 2014

Implications of a changing China for Brazil : a new window of opportunity? (English)

As Brazil and China have become two of the largest global economies, they have also become increasingly connected. Three decades of fast-paced growth and structural change have turned China into the world’s second-largest economy and have transformed it into an upper-middle income country. ... See More +

Working Paper 89450 JUL 01, 2014

Implications of a changing China for Brazil : a new window of opportunity? : Implicacoes de uma China em transformacao : oportunidades para o Brasil? (English)

As Brazil and China have become two of the largest global economies, they have also become increasingly connected. Three decades of fast-paced growth and structural change have turned China into the world’s second-largest economy and have transformed it into an upper-middle income country. ... See More +

Working Paper 89450 JUL 01, 2014

Taking stock : an update on Vietnam's recent economic development (English)

Global growth is projected to pick up to 3.4 percent in 2015 and 3.5 percent in 2016, propelled by highincome countries. Developing country growth will benefit from these tailwinds, with growth projected to increase from 4.8 percent in 2014 to 5.5 percent in 2016—broadly in line with potential. ... See More +

Working Paper 89310 JUL 01, 2014

Ponzis : the science and mystique of a class of financial frauds (English)

Ponzis are among the most ubiquitous and least understood phenomena of economic life. They acquired a certain salience with the global financial crisis of 2008 and the crash of Bernie Madoff’s celebrated Ponzi scheme. ... See More +

Policy Research Working Paper WPS6967 JUL 01, 2014

Basu, Kaushik

Political economy of power sector subsidies : a review with reference to Sub-Saharan Africa (English)

Power sector subsidies in Sub-Saharan Africa are substantial and highly regressive. While subsidies can be quick, easy, and politically expedient to implement, they are equally quick to take root and challenging to remove. ... See More +

Working Paper 89547 JUL 01, 2014

Kojima, Masami ; Bacon, Robert ; Trimble, Chris

Inflation and indivisible investment in developing economies (English)

In countries with limited access to finance, firms accumulate retained earnings to finance indivisible investment projects. McKinnon (1973) illustrates that when cash is used as a primary store of value, inflation may discourage investment as it increases the cost of accumulating retained earnings. ... See More +

Policy Research Working Paper WPS6972 JUL 01, 2014

Eden, Maya; Nguyen, Ha

Can service be a growth escalator in low-income countries ? : Can service be a growth escalator in low-income countries ? (English)

Several high-level reports have raised the concern that low-income countries, especially in Africa, are experiencing premature de-industrialization. ... See More +

Policy Research Working Paper WPS6971 JUL 01, 2014

Ghani, Ejaz; O'Connell, Stephen D.

Learning dynamics and support for economic reforms : why good news can be bad (English)

Support for economic reforms has often shown puzzling dynamics: many reforms that began successfully lost public support. This paper shows that learning dynamics can rationalize this paradox because the process of revealing reform outcomes is an example of sampling without replacement. ... See More +

Policy Research Working Paper WPS6973 JUL 01, 2014

van Wijnbergen, Sweder; Willems, Tim

The return of "patrimonial capitalism" : review of Thomas Piketty's capital in the 21st century : The return of "patrimonial capitalism" : review of Thomas Piketty's capital in the 21st century (English)

The paper provides a detailed review of Thomas Piketty's book "Capital in the 21st century." It focuses on the new contributions of the book, and in particular on its unified treatment of economic growth, functional income distribution, and concentration of personal income. ... See More +

Policy Research Working Paper WPS6974 JUL 01, 2014

Milanovic, Branko

Evolving wage cyclicality in Latin America (English)

A vector autoregression model with time-varying coefficients is used to examine the evolution of wage cyclicality in four Latin American economies: Brazil, Chile, Colombia and Mexico, during the period 1980-2010. ... See More +

Policy Research Working Paper WPS6978 JUL 01, 2014

Messina, Julian; Gambetti, Luca

Nigeria economic report no. 2 (English)

The Nigerian Economic Report (NER) is a regular publication of the World Bank. Each edition of the NER includes a macroeconomic overview and gives special attention to an additional topic of high policy relevance. ... See More +

Working Paper 89630 JUL 01, 2014

Demystifying Dutch disease (English)

This paper examines the theory of Dutch disease and its implications for practical policy questions. Dutch disease is a term that is well-known to economists and development practitioners. ... See More +

Policy Research Working Paper WPS6981 JUL 01, 2014

Kojo, Naoko C.

Trade flows and trade disputes (English)

This paper introduces a new data set and establishes a set of basic facts and patterns regarding the trade that countries fight about under World Trade Organization (WTO) dispute settlement. ... See More +

Policy Research Working Paper WPS6979 JUL 01, 2014

Bown, Chad P.; Reynolds, Kara M.

Public and private investments in innovation capabilities : structural transformation in the Chilean wine industry (English)

This paper assembles novel data on the Chilean wine industry to investigate the role of investments in knowledge capital on sales growth in domestic and international markets. ... See More +

Policy Research Working Paper WPS6983 JUL 01, 2014

Dutz, Mark A.; O'Connell, Stephen D.; Troncoso, Javier L.

Budget rules and resource booms : a dynamic stochastic general equilibrium analysis (English)

This paper develops a dynamic stochastic general equilibrium model to analyze and derive simple budget rules in the face of volatile public revenue from natural resources in a low-income country like Niger. ... See More +

Policy Research Working Paper WPS6984 JUL 01, 2014

Devarajan, Shantayanan; Dissou, Yazid; Go, Delfin S.; Robinson, Sherman

Title Document Date Report No. Document Type Also available in
Area C and the future of the Palestinian economy (English)
See More +
JUL 02, 2014 89370 Publication
Estimation of normal mixtures in a nested error model with an application to small area estimation of poverty and inequality (English)
See More +
JUL 01, 2014 WPS6962 Policy Research Working Paper
Services, inequality, and the dutch disease (English)
See More +
JUL 01, 2014 WPS6966 Policy Research Working Paper
The Brasilia experiment : road access and the spatial pattern of long-term local development in Brazil (English)
See More +
JUL 01, 2014 WPS6964 Policy Research Working Paper
Minutes of meeting of the Board of Directors of IFC, held on Tuesday, July 1, 2014 (English)
See More +
JUL 01, 2014 89207 Minutes
Implications of a changing China for Brazil : a new window of opportunity? (English)
See More +
JUL 01, 2014 89450 Working Paper
Implications of a changing China for Brazil : a new window of opportunity? : Implicacoes de uma China em transformacao : oportunidades para o Brasil? (English)
See More +
JUL 01, 2014 89450 Working Paper
Taking stock : an update on Vietnam's recent economic development (English)
See More +
JUL 01, 2014 89310 Working Paper
Ponzis : the science and mystique of a class of financial frauds (English)
See More +
JUL 01, 2014 WPS6967 Policy Research Working Paper
Political economy of power sector subsidies : a review with reference to Sub-Saharan Africa (English)
See More +
JUL 01, 2014 89547 Working Paper
Inflation and indivisible investment in developing economies (English)
See More +
JUL 01, 2014 WPS6972 Policy Research Working Paper
Can service be a growth escalator in low-income countries ? : Can service be a growth escalator in low-income countries ? (English)
See More +
JUL 01, 2014 WPS6971 Policy Research Working Paper
Learning dynamics and support for economic reforms : why good news can be bad (English)
See More +
JUL 01, 2014 WPS6973 Policy Research Working Paper
The return of "patrimonial capitalism" : review of Thomas Piketty's capital in the 21st century : The return of "patrimonial capitalism" : review of Thomas Piketty's capital in the 21st century (English)
See More +
JUL 01, 2014 WPS6974 Policy Research Working Paper
Evolving wage cyclicality in Latin America (English)
See More +
JUL 01, 2014 WPS6978 Policy Research Working Paper
Nigeria economic report no. 2 (English)
See More +
JUL 01, 2014 89630 Working Paper
Demystifying Dutch disease (English)
See More +
JUL 01, 2014 WPS6981 Policy Research Working Paper
Trade flows and trade disputes (English)
See More +
JUL 01, 2014 WPS6979 Policy Research Working Paper
Public and private investments in innovation capabilities : structural transformation in the Chilean wine industry (English)
See More +
JUL 01, 2014 WPS6983 Policy Research Working Paper
Budget rules and resource booms : a dynamic stochastic general equilibrium analysis (English)
See More +
JUL 01, 2014 WPS6984 Policy Research Working Paper