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作者：Haaparanta, Pertti; Pirttila, Jukka
作者单位：Aalto University
摘要：We examine the choice of economic reforms when policymakers have present-biased preferences and can choose to discard information (maintain confidence) to mitigate distortions from excess discounting. The decisions of policymakers and firms are shown to be interdependent. Confident policymakers carry out welfare-improving reforms more often, which increases the probability that firms will invest in restructuring. While policymakers in different countries can be equally irrational, the conseque...
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作者：Mishra, Prachi
作者单位：International Monetary Fund
摘要：This paper examines empirically the effect of Mexican emigration to the United States on wages in Mexico using data from the Mexican and US censuses from 1970 to 2000. The main result in the paper is that emigration has a strong and positive effect on Mexican wages. There is also evidence for increasing wage inequality in Mexico due to emigration. Simple welfare calculations based on a labor demand-supply framework suggest that the aggregate welfare loss to Mexico due to emigration is small. H...
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作者：Chatterjee, Santanu; Turnovsky, Stephen J.
作者单位：University System of Georgia; University of Georgia; University of Washington; University of Washington Seattle
摘要：This paper examines the link between foreign aid, economic growth, and welfare in a small open economy. External transfers impinge on the recipient's macroeconomic performance by affecting resource allocation decisions and relative prices. The endogeneity of the labor-leisure choice plays a crucial role in the propagation of foreign aid shocks. The efficacy of foreign aid also depends on externalities associated with the public good that it helps finance. The impact of tied and untied aid on t...
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作者：Guenther, Isabel; Grim, Michael
作者单位：University of Gottingen; Leibniz Association; DIW Berlin - Deutsches Institut fur Wirtschaftsforschung
摘要：The theoretical literature on pro-poor growth as well as its application has not paid sufficient attention to the issue of varying inflation rates across the income distribution. Ignoring inflation inequality in pro-poor growth measurements can however severely bias assessments of pro-poor growth. Hence, we suggest simple methods which are able to redress such biases. As an empirical illustration, we use the case of Burkina Faso and the growth incidence curve and poverty change decompositions ...
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作者：Knack, Stephen; Rahman, Aminur
作者单位：The World Bank; The World Bank
摘要：We analyze the impact of donor fragmentation on the quality of government bureaucracy in aid-recipient nations. A formal model of a donor's decision to hire government administrators to manage donor-funded projects predicts that the number of administrators hired declines as the donor's share of other projects in the country increases, and as the donor's concern for the success of other donors' projects increases. The model's predictions are consistent with results from cross-country empirical...
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作者：Proto, Eugenio
作者单位：University of Warwick
摘要：Tenurial contracts in agriculture can be an initial source of wealth accumulation for dynasties of poor, credit-constrained individuals. The income from such contracts can be invested in education of offspring, who then can find work in the formal manufacturing sector. This process allows the economy to develop into a modem economy with a large manufacturing sector. An excessive number of poor individuals competing for scarce land, however, drives up the rental price of land, which then slows ...
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作者：Ang, James B.; McKibbin, Warwick J.
作者单位：Australian National University; Monash University; Brookings Institution; Lowy Institute for International Policy
摘要：The objective of this paper is to examine whether financial development leads to economic growth or vice versa in the small open economy of Malaysia. Using time series data from 1960 to 2001, we conduct cointegration and causality tests to assess the finance-growth link by taking the real interest rate and financial repression into account. The empirical evidence suggests that financial liberalization, through removing the repressionist policies, has a favorable effect in stimulating financial...
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作者：Chowdhury, Prabal Roy
作者单位：Indian Statistical Institute; Indian Statistical Institute Delhi
摘要：This paper focuses on the dynamic aspects of group-lending, in particular sequential financing and contingent renewal. We examine the efficacy of these two schemes in harnessing social capital. We find that, for the appropriate parameter configurations, there is homogenous group-formation so that the lender can ascertain the identity of a group without lending to all its members, thus screening out bad borrowers partially. Moreover, under certain parameter configurations, negative assortative ...
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作者：Grier, Kevin; Grier, Robin
作者单位：University of Oklahoma System; University of Oklahoma - Norman
摘要：The neoclassical growth model (NGM) is only consistent with. the absolute divergence in output levels we observe if some determinants of steady state income are also diverging. In this paper we show that accumulation rates of physical and human capital are actually significantly converging, as are openness to trade and several variables measuring institutional quality. Output divergence in the face of input, policy and institutional convergence is a deep anomaly for the NGM. (C) 2007 Elsevier ...
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作者：Ghosh, Suman; Karaivanov, Alexander
作者单位：Simon Fraser University; State University System of Florida; Florida Atlantic University
摘要：We show that a seemingly paradoxical result is possible - an increase in one's wage can reduce one's welfare. Such outcome can occur in an economy populated by agents who value a private good bought using labor income and a public good produced by voluntary time contributions. A raise in the wage (in general, opportunity cost of time) makes each agent substitute away from contributing to the public good, failing to internalize the negative externality imposed on others. The result is a decreas...
