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作者：Magruder, Jeremy R.
作者单位：University of California System; University of California Berkeley
摘要：Big Push models suggest that local product demand can create multiple labor market equilibria: one featuring high wages, formalization, and high demand and one with low wages, informality, and low demand. I demonstrate that minimum wages may coordinate development at the high wage equilibrium. Using data from 1990s Indonesia, where minimum wages increased in a varied way, I develop a difference in spatial differences estimator which weakens the common trend assumption of difference in differen...
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作者：Denizer, Cevdet; Kaufmann, Daniel; Kraay, Aart
作者单位：Bogazici University; Brookings Institution; The World Bank
摘要：This paper investigates macro and micro correlates of aid-financed development project outcomes, using data from over 6000 World Bank projects evaluated between 1983 and 2011. Country-level macro measures of the quality of policies and institutions are strongly correlated with project outcomes, consistent with the view that country-level performance matters for aid effectiveness. However, a striking feature of the data is that the success of individual development projects varies much more wit...
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作者：Attanasio, Orazio; Di Maro, Vincenzo; Lechene, Valerie; Phillips, David
作者单位：University of London; University College London; The World Bank
摘要：This paper presents an analysis of the welfare consequences of recent increases in food prices in Mexico using micro-level data. We estimate a QUAIDS model of demand for food, using data collected to evaluate the conditional cash transfer program Oportunidades. We show how the poor have been affected by the recent increases and changes in relative prices of foods. We also show how a conditional cash transfer program provides a means of alleviating the problem of increasing staple prices, and s...
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作者：Arezki, Rabah; Ismail, Kareem
作者单位：International Monetary Fund
摘要：This paper investigates the changes in expenditure policy in oil-exporting countries during boom-bust in commodity price cycles, and their implications for real exchange rate movements. To do so, we introduce a Dutch disease model with downward rigidities in government spending to revenue shocks. This model leads to a decoupling between real exchange rate and commodity export price movement during busts. We test our model's theoretical predictions and underlying assumptions using panel data fo...
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作者：Byrne, Joseph P.; Fazio, Giorgio; Fiess, Norbert
作者单位：University of Glasgow; University of Palermo; The World Bank
摘要：The behavior of commodities is critical for developing and developed countries alike. This paper contributes to the empirical evidence on the co-movement and determinants of commodity prices. Using nonstationary panel methods, we document a statistically significant degree of co-movement due to a common factor. Within a Factor Augmented VAR approach, real interest rate and uncertainty, as postulated by a simple asset pricing model, are both found to be negatively related to this common factor....
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作者：Andersen, Jorgen Juel; Aslaksen, Silje
作者单位：BI Norwegian Business School
摘要：Political economy theories on the natural resource curse predict that natural resource wealth is a determining factor for the length of time political leaderships remain in office. Whether resource wealth leads to longer or shorter durations in political office depends on the political incentives created by the natural resources, which in turn depend on the types of institutions and natural resource. Exploiting a sample of more than 600 political leadership durations in up to 152 countries, we...
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作者：Demir, Firat
作者单位：University of Oklahoma System; University of Oklahoma - Norman
摘要：Employing a firm-level dataset, this paper explores the effects of exchange rate volatility on the growth performances of domestic versus foreign, and publicly traded versus non-traded private manufacturing firms in a major developing country, Turkey. The empirical results using dynamic panel data estimation techniques and comprehensive robustness tests suggest that exchange rate volatility has a significant growth reducing effect on manufacturing firms. However, having access to foreign, and ...
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作者：Koessler, Frederic; Lambert-Mogiliansky, Ariane
作者单位：Paris School of Economics; Centre National de la Recherche Scientifique (CNRS)
摘要：This paper studies firms' incentives to commit to transparent behavior in a competitive procedure modeled as an asymmetric information beauty contest managed by a corrupt agent. In his evaluation affirms' offers for a public contract the agent has some discretion to favor a firm in exchange for a bribe. While unilateral commitment to transparency is never incentive compatible, under some circumstances a voluntary but conditional commitment mechanism can eliminate corruption. A low quality firm...
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作者：Caballero, Ricardo J.; Cowan, Kevin N.; Engel, Eduardo M. R. A.; Micco, Alejandro
作者单位：Massachusetts Institute of Technology (MIT); National Bureau of Economic Research; Central Bank of Chile; Yale University; Universidad de Chile
摘要：Microeconomic flexibility is at the core of economic growth in modern market economies because it facilitates the process of creative-destruction. The main reason why this process is not infinitely fast, is the presence of adjustment costs, some of them technological, others institutional. Chief among the latter is labor market regulation. While few economists object to the hypothesis that labor market regulation hinders the process of creative-destruction, its empirical support is limited. In...
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作者：Kali, Raja; Reyes, Javier; McGee, Joshua; Shirrell, Stuart
作者单位：University of Arkansas System; University of Arkansas Fayetteville
摘要：We map the relationship between products in global trade and the products a country exports as a network to devise a measure of the density of links between the products in a country's export basket and a measure of network proximity from a country's export basket to products that a country does not export. The density measure is a proxy for synergies between the products in a country's export basket. The network proximity measure is an indicator of how difficult it is likely to be for a given...
