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Poverty, Inequality, and Policy in Latin America
Papers from a conference held at the Ibero-America Institute for Economic Research in Göttingen, Germany, in July 2005 and co-sponsored by the CESifo research network.
Public Infrastructure and Growth
Abstract: This paper provides an overview of the various channels through which public infrastructure may affect growth. In addition to the conventional productivity, complementarity, and crowding-out effects typically emphasized in the literature, the impact of infrastructure on investment adjustment costs, the durability of private capital, and the production of health and education services are also highlighted. Effects on health and education are well documented in a number of microeconomic studies, but macroeconomists have only recently begun to study their implications for growth. Links between health, infrastructure, and growth are illustrated in an endogenous growth model with transitional dynamics, and the optimal allocation of public expenditure is discussed. The concluding section draws implications of the analysis for the design of strategies aimed at promoting growth and reducing poverty.
Anticipated Real Exchange-rate Changes and the Dynamics of Investment
Unanticipated changes in the real exchange rate affect investment through their impact on the desired capital stock, whose direction depends on a number of factors and is in general ambiguous. In contrast, anticipated changes can also have an important effect on the optimal timing of investment, in a direction that depends on the financial openness of the economy and on the important content of capital goods. This issue is explored using a simple macroeconomic model.
Firms' Responses to Relative Price Changes in Côte D'Ivoire
Firms' in Cote d'Ivoire would sell more to the foreign market when it is more profitable to do so. Exports would respond positively to increases in export prices and negatively to increases in import prices.
Securing Africa's Land for Shared Prosperity
Despite being heavily endowed with land and other natural resources, Sub-Saharan Africa has the highest poverty rate in the world. A key to leveraging its land and natural resources to eradicate poverty is improving land governance, the subject of this book, centered on a ten point program to scale up land policy reforms and investments.
Health and Wealth in Vietnam
How do Vietnamese households live and work? This book answers many of the most important questions, including: Who uses contraceptives? Which children get the most health care? Who are the poor, and why are they poor? Which families migrate? Why do so many rural workers change jobs? Where do households get credit? What drives rice production? The result of a unique collaboration between Vietnamese and international social scientists, the fourteen concise chapters paint a fascinating picture of household health and wealth. All are based on the Vietnam Living Standards Survey, the most accurate and complete source of data available. The use of statistical techniques in every chapter gives the book added coherence while providing depth and clarity to the analysis. A must for anyone with a serious interest in Vietnam, this highly readable book is also designed to serve as a reference work.
World Development Report 2014
The World Development Report 2014 examines how improving risk management can lead to larger gains in development and poverty reduction. It argues that improving risk management is crucial to reduce the negative impacts of shocks and hazards, but also to enable people to pursue new opportunities for growth and prosperity.
