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  • 1
    Online Resource
    Online Resource
    Washington, D.C : World Bank, Middle East and North Africa Region, Social and Economic Development Group and Social Development Group
    UID:
    b3kat_BV040617269
    Format: 1 Online-Ressource
    Edition: Online-Ausgabe World Bank E-Library Archive Sonstige Standardnummer des Gesamttitels: 041181-4
    Edition: Also available in print.
    Series Statement: Policy research working paper 2632
    Content: When investments in education in developing countries do not produce higher growth, the problem may be the quality of the schooling, of the education infrastructure, of the initial endowment in human capital, and of the system's ability to equitably distribute educational services. The consensus to support and emphasize public primary education for all (rather than secondary education for the few), typically found in the most egalitarian societies, is most likely to increase the contribution of human capital accumulation to growth
    Note: "July 2001. - Includes bibliographical references (p. 16-17). - Title from title screen as viewed on Sept. 07, 2002 , Weitere Ausgabe: Dessus, Sébastien: Human capital and growth
    Additional Edition: Reproduktion von Dessus, Sébastien Human capital and growth 2001
    Language: English
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 2
    UID:
    b3kat_BV049073955
    Format: 1 Online-Ressource (23 Seiten))
    Edition: Online-Ausg
    Content: This paper uses a sample of 73 developing countries to estimate the change in the cost of alleviating urban poverty brought about by the recent increase in food prices. This cost is approximated by the change in the poverty deficit, that is, the variation in financial resources required to eliminate poverty under perfect targeting. The results show that, for most countries, the cost represents less than 0.1 percent of gross domestic product. However, in the most severely affected, it may exceed 3 percent. In all countries, the change in the poverty deficit is mostly due to the negative real income effect of those households that were poor before the price shock, while the cost attributable to new households falling into poverty is negligible. Thus, in countries where transfer mechanisms with effective targeting already exist, the most cost-effective strategy would be to scale up such programs rather than designing tools to identify the new poor
    Additional Edition: Dessus, Sebastien The Impact of Food Inflation On Urban Poverty And Its Monetary Cost
    Language: English
    URL: Volltext  (URL des Erstveröffentlichers)
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 3
    UID:
    b3kat_BV049073846
    Format: 1 Online-Ressource (29 Seiten))
    Edition: Online-Ausg
    Content: With growing international skilled labor mobility, education and migration decisions have become increasingly inter-related, and potentially have a large impact on the growth trajectories of source countries, through their effects on labor supply, savings, or the cost of education. The authors develop a generic dynamic general equilibrium model to analyze the education-migration nexus in a consistent framework. They use the model as a laboratory to test empirical conditions for the existence of net brain gain, that is, greater domestic accumulation of human capital (in per capita terms) with greater migration of skilled workers. The results suggest that although some structural parameters can favor simultaneously greater human capital accumulation and greater skilled migration - such as high ratio of remittances over domestic incomes, high dependency ratios in migrant households, low dependency ratios in source countries, increasing returns to scale in the education sector, technological transfers and export market access with Diasporas, and efficient financial markets - this does not necessarily mean that greater migration encourages the constitution of greater stocks of human capital in source countries
    Additional Edition: Dessus, Sebastien Migration And Education Decisions In A Dynamic General Equilibrium Framework
    Language: English
    URL: Volltext  (URL des Erstveröffentlichers)
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 4
    UID:
    b3kat_BV048265997
    Format: 1 Online-Ressource (30 p)
    Content: West African Economic and Monetary Union arrangements have been instrumental in helping member countries maintain low inflation. However, a lesser-known characteristic of the West African Economic and Monetary Union, with possible implications for economic growth, is the high exposure to shocks and the pro-cyclicality of fiscal policy associated with these arrangements. Evidence from a panel of 80 low-income and lower middle-income countries over the period 1995-2012 suggests that, in the Union, both public investment and current public expenditure are more pro-cyclical than they are in other countries. In particular, public investment contracts more in "bad times" than it increases in "good times" in order to absorb negative shocks to the budget in the context of strict fiscal convergence criteria. The asymmetric response of public investment to shocks could thus be a reason for the relatively low levels of infrastructure in the Union. Comparisons with earlier periods suggest that public investment has become pro-cyclical since the introduction of the fiscal convergence criteria in 1994. Moreover, the shocks that affect Union member countries appear to be highly idiosyncratic and thus difficult to mitigate by the Union's common monetary policy. The pro-cyclicality of public expenditure and the high asymmetry of shocks that affect Union member countries justify exploring options for greater counter-cyclicality of rules-based fiscal frameworks and for risk-sharing
    Additional Edition: Dessus, Sébastien Protecting Public Investment against Shocks in the West African Economic and Monetary Union
    Language: English
    URL: Volltext  (URL des Erstveröffentlichers)
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 5
    UID:
    b3kat_BV048270827
    Format: 1 Online-Ressource (1 Seiten)
    Series Statement: World Bank E-Library Archive
    Content: The three countries covered in this first report, Mali, Chad and Niger, share a number of common characteristics and face a similar set of challenges, which provides the foundation for this joint-review approach. All three are low-income landlocked economies. Each relies heavily on the agricultural sector as its primary source of income and livelihoods, and each has a large livestock subsector that is based in part on traditional nomadic pastoralism. All countries have important natural resource industries, gold for Mali, uranium and oil for Niger, and oil for Chad, which represent the bulk of export earnings and public revenue. This dependence on the primary sector renders these economies highly vulnerable to weather-related shocks and volatile commodity prices. Each is struggling to overcome a legacy of instability and violence, which is complicated both by the fragility of domestic socio-political conditions and the severity of regional security challenges. Finally, all three countries are members of a monetary union that uses a regional currency pegged to the euro and exercises significant influence over the macroeconomic policies of its member states. At the center of the trade-off between stabilization and development lies public investment management, at macroeconomic and financial management levels. Faced with repeated negative shocks, countries tend to cut ongoing and planned public investment projects which are often designed to reduce drivers of fragility and strengthen the resilience of economies, thus perpetuating risks of falling into fragility traps. Hence, Section three discusses the impact of public investment volatility on its quality in Chad, Mali and Niger, and explores possible options in terms of macroeconomic and public financial management to smooth public investment budget execution
    Language: English
    URL: Volltext  (URL des Erstveröffentlichers)
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  • 6
    UID:
    b3kat_BV049079509
    Format: 1 Online-Ressource
    Series Statement: Other papers
    Content: The private sector has an indispensable role to play in advancing climate adaptation and resilience building. The need for private sector solutions to address climate change impacts is even more pronounced in Africa given its sizable needs for adaptation and the limited fiscal space of most African states to adapt and build resilience to climate and disaster risks. However, mobilizing private investment in adaptation is made complicated by the difficulty for firms of measuring and internalizing the opportunity cost of no adaptation, and by limited practical knowledge on the bankability and cost-effectiveness of adaptation solutions.
    Content: This paper tries to fill some of these knowledge gaps, first by assessing the economic costs of floods and droughts - the two most economically and socially damaging natural disasters in Africa; and second by measuring the upfront private investments needed in each African country to offset the losses induced by these disasters, assuming that such investments would generate a sufficient economic return. Using the traditional dynamic Solow model, we estimate the potential for private investment in adaptation to natural disasters in Africa by estimating the short- and long-term impact of floods and droughts on per capita GDP growth.
    Content: As opposed to the more commonly used approaches of estimating the impact of natural disasters on productive assets, our methodology is very practical as it focuses on economic flows rather than stocks, is not data demanding, and does not require complex economic or environmental modelling, and can thus easily be applied on a large number of African countries to estimate the private investment potential in adapting to floods and droughts. Our empirical results suggest that the private sector could have an interest in investing up to about hundred billion cumulatively over the next twenty years, or five billion per year, to adapt to the current frequency and severity of floods and droughts in Africa.
    Language: English
    URL: Volltext  (URL des Erstveröffentlichers)
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  • 7
    UID:
    b3kat_BV049074291
    Format: 1 Online-Ressource (32 Seiten))
    Edition: Online-Ausg
    Content: This paper attempts to identify Lebanon's greatest constraints to economic growth, following a growth diagnosis approach. It concludes that fiscal imbalances and barriers to entry are most binding on long-term growth. Macroeconomic imbalances and related perceived risks affect the nature of investment decisions in Lebanon, in favor of liquid instruments rather than longer-term productive investments. Further, many barriers to entry discourage agents from investing in a number of markets: legal impediments to competition, corruption, and a set of fiscal incentives favoring the allocation of resources to non-tradable sectors, where potential demand and investment opportunities are scarcer. In turn, using a steady-state computable general equilibrium model, the paper assesses the long-term growth impact of a selected set of policy reforms envisaged to lift such constraints. Results suggest that 1 to 2 percentage points of additional GDP growth per year could be gained through public expenditure reform, greater domestic competition, and tax harmonization
    Additional Edition: Berthelemy, Jean-Claude Exploring Lebanon's Growth Prospects
    Language: English
    URL: Volltext  (URL des Erstveröffentlichers)
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 8
    UID:
    b3kat_BV048265524
    Format: 1 Online-Ressource (30 p)
    Content: Promoting sustainable development calls for investing rents from exhaustible mineral resources into human, physical and social capital, so as to protect the wealth of countries and the economic opportunities of their citizens. This has been difficult in well-governed Ghana in the last decade; and might prove to be extremely challenging in post-conflict countries such as Liberia and Sierra Leone, where preference for the present is high and institutions to collect rents and convert them into effective investments weak. The paper reviews the countries' degrees of preparedness to confront the various challenges associated with ongoing mineral booms, and tries to identify country-specific policy areas of particular relevance and potential impact for sustainable development
    Additional Edition: Boakye, Daniel Investing Mineral Wealth in Development Assets
    Language: English
    URL: Volltext  (URL des Erstveröffentlichers)
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 9
    UID:
    b3kat_BV040619379
    Format: 1 Online-Ressource (1 online resource (29 p.))
    Edition: Online-Ausgabe World Bank E-Library Archive Sonstige Standardnummer des Gesamttitels: 041181-4
    Content: With growing international skilled labor mobility, education and migration decisions have become increasingly inter-related, and potentially have a large impact on the growth trajectories of source countries, through their effects on labor supply, savings, or the cost of education. The authors develop a generic dynamic general equilibrium model to analyze the education-migration nexus in a consistent framework. They use the model as a laboratory to test empirical conditions for the existence of net brain gain, that is, greater domestic accumulation of human capital (in per capita terms) with greater migration of skilled workers. The results suggest that although some structural parameters can favor simultaneously greater human capital accumulation and greater skilled migration - such as high ratio of remittances over domestic incomes, high dependency ratios in migrant households, low dependency ratios in source countries, increasing returns to scale in the education sector, technological transfers and export market access with Diasporas, and efficient financial markets - this does not necessarily mean that greater migration encourages the constitution of greater stocks of human capital in source countries
    Note: Weitere Ausgabe: Dessus, Sebastien: Migration And Education Decisions In A Dynamic General Equilibrium Framework
    Additional Edition: Reproduktion von Dessus, Sébastien Migration And Education Decisions In A Dynamic General Equilibrium Framework 2008
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
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  • 10
    UID:
    b3kat_BV040618936
    Format: 1 Online-Ressource (1 online resource (32 p.))
    Edition: Online-Ausgabe World Bank E-Library Archive Sonstige Standardnummer des Gesamttitels: 041181-4
    Content: This paper attempts to identify Lebanon's greatest constraints to economic growth, following a growth diagnosis approach. It concludes that fiscal imbalances and barriers to entry are most binding on long-term growth. Macroeconomic imbalances and related perceived risks affect the nature of investment decisions in Lebanon, in favor of liquid instruments rather than longer-term productive investments. Further, many barriers to entry discourage agents from investing in a number of markets: legal impediments to competition, corruption, and a set of fiscal incentives favoring the allocation of resources to non-tradable sectors, where potential demand and investment opportunities are scarcer. In turn, using a steady-state computable general equilibrium model, the paper assesses the long-term growth impact of a selected set of policy reforms envisaged to lift such constraints. Results suggest that 1 to 2 percentage points of additional GDP growth per year could be gained through public expenditure reform, greater domestic competition, and tax harmonization
    Additional Edition: Reproduktion von Berthélemy, Jean-Claude Exploring Lebanon's Growth Prospects 2007
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
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