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The Role of Agriculture in Poverty Reduction
  • Language: en
  • Pages: 49

The Role of Agriculture in Poverty Reduction

The relative contribution of a sector to poverty reduction is shown to depend on its direct and indirect growth effects as well as its participation effect. The paper assesses how these effects compare between agriculture and non-agriculture by reviewing the literature and by analyzing cross-country national accounts and poverty data from household surveys. Special attention is given to Sub-Saharan Africa. While the direct growth effect of agriculture on poverty reduction is likely to be smaller than that of non-agriculture (though not because of inherently inferior productivity growth), the indirect growth effect of agriculture (through its linkages with nonagriculture) appears substantial ...

Estimating the Effects of Corruption
  • Language: en
  • Pages: 32

Estimating the Effects of Corruption

Countries that are serious about reducing corruption tend to attract more investment, both domestic and foreign, and to accelerate economic growth and poverty reduction.

Picking the Poor
  • Language: en
  • Pages: 28

Picking the Poor

Geographic targeting of social programs to the poor has become increasingly important in Peru. The potential payoffs of such targeting are large, and differences in outcomes with different targeting indicators are small.

Measuring Banking Efficiency in the Pre- and Post-liberalization Environment
  • Language: en
  • Pages: 64

Measuring Banking Efficiency in the Pre- and Post-liberalization Environment

Banking efficiency in Turkey was expected to improve after liberalization. Instead, it declined, perhaps because of increasing macroeconomic instability.

Can Institutions Resolve Ethnic Conflict?
  • Language: en
  • Pages: 36

Can Institutions Resolve Ethnic Conflict?

Ethnic diversity has a more adverse effect on economic policy and growth when a government's institutions are poor. But poor institutions have an even more adverse effect on growth and policy when ethnic diversity is high.

Institutions, Politics, and Contracts
  • Language: en
  • Pages: 64

Institutions, Politics, and Contracts

That Lima's water system was in near-crisis was not enough to bring about radical change. Partial reforms to reduce many of the city's worst problems were carried out under public management. But a quarter of Lima's citizens still had no access to water or sewerage connections, extended service interruptions were common and more than a third of the scarce water supply was wasted. Why did the push for privatized water and sanitation fall?

The Credit Crunch in East Asia
  • Language: en
  • Pages: 38

The Credit Crunch in East Asia

A two-step approach is used to assess the extent to which the credit crunch in East Asia was supply- or demand-driven. The results for Thailand suggest that the contraction in bank lending that accompanied the crisis was the result of supply factors.

Industrial Growth and Quality of Institutions
  • Language: en
  • Pages: 26

Industrial Growth and Quality of Institutions

Developing the legal and regulatory framework, improving contract enforcement, and reducing administrative barriers in the business environment increases the amount of investment and improves the efficiency of resource allocation.

Annuity Markets in Comparative Perspective
  • Language: en
  • Pages: 42

Annuity Markets in Comparative Perspective

Preliminary result of a continuing research project that analyzes annuity markets in various countries. The projects focused on understanding whether annuity markets can be relied upon to provide reliable retirement income at reasonable prices.

Finance and Marcoeconomic Volatility
  • Language: en
  • Pages: 34

Finance and Marcoeconomic Volatility

Countries with more developed financial sectors, experience fewer fluctuations in real per capita output, consumption, and investment growth. But the manner in which the financial sector develops matters. The relative importance of banks in the financial system is important in explaining consumption, and investment volatility. The proportion of credit provided to the private sector, best explains volatility of consumption, and output. The authors generate their main results using fixed-effects estimates with panel data from seventy countries for the years 1956-98. Their general findings suggest that the risk management, and information processing provided by banks, maybe especially important in reducing consumption, and investment volatility. The simple availability of credit to the private sector, probably helps smooth consumption, and GDP.