1. Understanding Poverty

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  • Financial crisis and global governance : a network analysis (English)

    This paper attempts to use network theory, drawn from recent work in sociology, engineering, and biological systems, to suggest that the current crisis should be viewed as a network crisis. The author...

    Document Type: Working Paper (Numbered Series) Report No.: 57766 Document Date: January 1, 2010 Disclosure Status: Disclosed Author: Sheng,Len Tao

  • Macro crises and targeting transfers to the poor (English)

    A central question for policy makers concerned with helping the poor through a macro crisis is how to target scarcer resources at a time of greater need. Technical arguments suggest that finer targeting...

    Document Type: Working Paper (Numbered Series) Report No.: 57765 Document Date: January 1, 2010 Disclosure Status: Disclosed Author: Kanbur,Ravi

  • Current debates on infrastructure policy (English)

    This paper provides an overview of the major current debates on infrastructure policy. It reviews the evidence on the macroeconomic significance of the sector in terms of growth and poverty alleviation...

    Document Type: Working Paper (Numbered Series) Report No.: 57748 Document Date: January 1, 2010 Disclosure Status: Disclosed Author: Estache,Antonio,Fay,Marianne

  • Eight reasons we are given not to worry about the U.S. deficits (English)

    The large U.S. current account deficit over the last decade-and the corresponding surpluses in China and elsewhere-has been interpreted in two very different ways. Many mainstream economists view the phenomena...

    Document Type: Working Paper (Numbered Series) Report No.: 57757 Document Date: January 1, 2009 Disclosure Status: Disclosed Author: Frankel,Jeffrey A.

  • Real exchange rates, saving, and growth : is there a link? (English)

    The view that policies directed at the real exchange rate can have an important effect on economic growth has been gaining adherents in recent years. Unlike the traditional 'misalignment' view that temporary...

    Document Type: Working Paper (Numbered Series) Report No.: 57745 Document Date: January 1, 2009 Disclosure Status: Disclosed Author: Montiel,Peter J.,Serven,Luis

  • Growth and education (English)

    Does education matter for growth? Which type of education investment (primary, secondary, or tertiary) matters most? Is there a relationship between growth or innovation and the governance of higher education?...

    Document Type: Working Paper (Numbered Series) Report No.: 57755 Document Date: January 1, 2009 Disclosure Status: Disclosed Author: Aghion,Philippe

  • From growth theory to policy design (English)

    This paper focuses on how growth theory can guide growth policy design. It first argues that policy matters for growth, in particular when policy variables are interacted with country?specific variables...

    Document Type: Working Paper (Numbered Series) Report No.: 57756 Document Date: January 1, 2009 Disclosure Status: Disclosed Author: Aghion,Philippe,Durlauf,Steven

  • Climate change and economic growth (English)

    Grim descriptions of the long-term consequences of climate change have given the impression that the climate impacts from greenhouse gases threaten long-term economic growth. However, the impact of climate...

    Document Type: Working Paper (Numbered Series) Report No.: 57759 Document Date: January 1, 2009 Disclosure Status: Disclosed Author: Mendelsohn,Robert

  • Africa's growth turnaround : from fewer mistakes to sustained growth (English)

    After stagnating for much of its postcolonial history, economic performance in Sub?Saharan Africa has markedly improved. Since 1995, average economic growth has been close to 5 percent per year. Has Africa...

    Document Type: Working Paper (Numbered Series) Report No.: 57753 Document Date: January 1, 2009 Disclosure Status: Disclosed Author: Page,John

  • A new Bretton Woods? (English)

    The Bretton Woods sisters, the International Bank for Reconstruction and Development (henceforth the World Bank) and the International Monetary Fund (IMF), were set up in 1944. The original purpose of...

    Document Type: Working Paper (Numbered Series) Report No.: 57758 Document Date: January 1, 2009 Disclosure Status: Disclosed Author: Rajan,Raghuram Govind

  • Explaining China's development and reforms (English)

    China's remarkable economic performance over the last 30 years resulted from reforms that met the specific conditions of China at any point in time. Starting with a heavily distorted and extremely poor...

    Document Type: Working Paper (Numbered Series) Report No.: 57749 Document Date: January 1, 2009 Disclosure Status: Disclosed Author: Hofman,Bert,Jinglian,Wu

  • Macroeconomic policy : does it matter for growth? The role of volatility (English)

    Recent academic research has questioned the role of economic policy as a determinant of long term growth rates. While there seems to be a correlation between several policy variables and growth rates...

    Document Type: Working Paper (Numbered Series) Report No.: 57747 Document Date: January 1, 2009 Disclosure Status: Disclosed Author: Fatas,Antonio,Mihov, Ilian

  • Investment efficiency and the distribution of wealth (English)

    The point of departure of this paper is that in the absence of effectively functioning asset markets the distribution of wealth matters for efficiency. Inefficient asset markets depress total factor productivity...

    Document Type: Working Paper (Numbered Series) Report No.: 57752 Document Date: January 1, 2009 Disclosure Status: Disclosed Author: Banerjee, Abhijit V.