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Information Diffusion in International Markets
Globalization has been a persistent phenomenon of the post-war period. The gross volume of cross-border capital flows has grown at an average of 25 percent a year, and trade in goods and services has also increased, albeit not as dramatically, but at least twice as fast as world GDP over the past 20 years. Yet, consumers and investors continue to spend and hold a disproportionate share of their assets in local markets--the so-called home-bias has been emphasized by many recent empirical studies. For many researchers, this home bias reflects information asymmetries and the fact that acquiring information across international borders is relatively costly. The main objective of the authors is t...
Sending Farmers Back to School
The authors evaluate the impact of farmer field schools, an intensive participatory training program emphasizing integrated pest management. Their evaluation focuses on whether participation in the program has improved yields and reduced pesticide use among graduates and their neighbors who may have gained knowledge from graduates through informal communications. The authors use panel data covering the period 1991-99 in Indonesia. Their analysis, employing a modified "difference-in-differences" model, indicates that the program did not have significant effects on the performance of graduates and their neighbors. The authors discuss several plausible explanations for this outcome and suggest recommendations for improvements.
The Economics of Poverty
"An overview of the economic development of and policies intended to combat poverty around the world"--Provided by publisher.
Administering Targeted Social Programs in Latin America
Global Environment Facility Working Paper 8. Describes the five key research areas to be addressed by the Program for Measuring Incremental Costs for the Environment (PRINCE). This paper outlines incremental cost concepts, operational interpretations, national climate change studies, country studies on ozone protection, and transaction costs. It also develops a broad interpretation of incremental cost that can be used across the range of issues covered by the Global Environment Facility (GEF). Those issues include global warming, pollution of international waters, destruction of biodiversity, and ozone depletion. This is one of five GEF Working Papers to explore the PRINCE program and is co-published with the United Nations Development Programme and the United Nations Environment Programme.
Globalization and Poverty
Over the past two decades, the percentage of the world’s population living on less than a dollar a day has been cut in half. How much of that improvement is because of—or in spite of—globalization? While anti-globalization activists mount loud critiques and the media report breathlessly on globalization’s perils and promises, economists have largely remained silent, in part because of an entrenched institutional divide between those who study poverty and those who study trade and finance. Globalization and Poverty bridges that gap, bringing together experts on both international trade and poverty to provide a detailed view of the effects of globalization on the poor in developing nat...
Productivity Growth and Product Variety
Is there a correlation be ...
Imports, Entry, and Competition Law as Market Disciplines
Since the early 1990s numerous countries have adopted or strengthened competition legislation. Kee and Hoekman investigate the impact of competition law on industry markups over time and across a large number of countries. They find both domestic and foreign competition to be major sources of market discipline in concentrated markets, but that the direct effect of competition law is insignificant. However, once allowance is made for the endogeneity of both domestic competiton (number of firms) and the adoption of a competition law, the authors find that competition laws have an indirect effect on equilibrium markups by promoting a larger number of domestic firms. This paper--a product of Trade, Development Research Group--is part of a larger effort in the group to study the links between trade and competition policies.
Farmer field schools: Emerging issues and challenges. International Learning Workshop on Farmer Field Schools (FFS). Yogyakarta (Indonesia). 21-25 oct 2002.
d) FFS institutionalization, scaling up and policy development, as part of mainstreaming processes.
