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Efficiency in Reaching the Millennium Development Goals
Annotation To reach Millennium Development Goals (MDGs) countries have two options: increasing these inputs used to "produce the outcomes measured by the MDGs, or increasing the efficiency with which inputs are used. This study looks at whether improvements in efficiency could bring gains in outcomes.
Efficiency in Reaching the Millennium Development Goals
Annotation To reach Millennium Development Goals (MDGs) countries have two options: increasing these inputs used to "produce the outcomes measured by the MDGs, or increasing the efficiency with which inputs are used. This study looks at whether improvements in efficiency could bring gains in outcomes.
Estudios económicos
None
Measuring and Explaining the Impact of Productive Efficiency on Economic Development
A limitation of most empirical cross-country studies that focus on determinants of gdp or gdp growth is that they fail to distinguish explicitly between inputs used in production and conditions that facilitate production. For example, physical capital, human capital, and labor are production inputs, whereas the quality of institutions, macroeconomic stability, and market quality are conditions that facilitate production. This article takes this distinction seriously and uses a stochastic frontier approach to study factors affecting economic performance. A panel data set of 71 countries for the 1980-98 period is used to estimate a production frontier with physical capital, human capital, and labor as inputs. The article also analyzes what drives productive efficiency, using the institutional framework, macroeconomic stability, market quality, and urbanization as possible explanatory factors. Urbanization turns out to be an important determinant, with the rule of law, inflation rate, and market quality also affecting productive efficiency.
How to Improve Governance
In recent years, the developing world has seen a burst of efforts to reduce corruption, increase transparency and accountability, and improve governance. Needless to say, this is an important and encouraging development. However, the lack of a reliable compass to describe where a country is at a given moment—and where it could be heading in the absence or acceptance of proposed reforms—can result in disastrous missteps. The unfortunate absence of such a guide has helped lead to innumerable failed governments or ineffective regimes. This important book aims to fill that void. How to Improve Governance emphasizes the need for an overall analytical framework that can be applied to different...
Historical Dictionary of the World Bank
This second edition of the Historical Dictionary of the World Bank shows the substantial progress the Bank has made, this mainly through the dictionary section with concise entries on its component institutions, related organizations, its achievements in various fields, some of the major projects and member countries, and its various presidents. The introduction explains how the Bank works while the chronology traces the major events over nearly 70 years. Meanwhile, the list of acronyms reminds us just who the main players are. And the bibliography directs readers to useful internal documentation and outside studies.
