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Policy Research Working Papers: Abstracts

Macroeconomics

Abstracts and full-length papers in PDF are available here for a particular topic. For information about the Working Papers series, guidelines for use and citations, and lists of papers on other topics, see the Working Papers homepage.


2175. Sector Growth and the Dual Economy Model: Evidence from Côte d'Ivoire, Ghana, and Zimbabwe
Niels-Hugo Blunch and Dorte Verner

2174. Prospective Deficits and the Asian Currency Crisis
Craig Burnside, Martin Eichenbaum, and Sergio Rebelo

2141. Capital Flows, Macroeconomic Management, and the Financial System: Turkey, 1989-97
Oya Celasun, Cevdet Denizer, and Dong He

2139. Small States, Small Problems?
William Easterly and Aart Kraay

2114. Economic Reforms and Total Factor Productivity Growth in Latin America and the Caribbean (1950–95): An Empirical Note
Pablo Fajnzylber and Daniel Lederman

2110. Life during Growth: International Evidence on Quality of Life and Per Capita Income
William Easterly

2109. When Is Fiscal Adjustment an Illusion?
William Easterly

2108. Public Goods and Ethnic Divisions
Alberto Alesina, Reza Baqir, and William Easterly

2103. Was the Credit Channel a Key Monetary Transmission Mechanism following the Recent Financial Crisis in the Republic of Korea?
Hyun E. Kim

2071. The World Bank's Unified Survey Projections: How Accurate Are They? An Ex-Post Evaluation of US91-US97
Jos Verbeek

2060. The Macroeconomics of Delayed Exchange-Rate Unification: Theory and Evidence from Tanzania
Daniel Kaufmann and Stephen A. O'Connell

2050. Measuring Aid Flows: A New Approach
Charles C. Chang, Eduardo Fernández-Arias, and Luis Servén

2035. Macroeconomic Uncertainty and Private Investment in Developing Countries: An Empirical Investigation
Luis Servén

2020. Trade Liberalization, Fiscal Adjustment, and Exchange Rate Policy in India
Delfin S. Go and Pradeep Mitra

2010. The Real Impact of Financial Shocks: Evidence from the Republic of Korea
Ilker Domaç and Giovanni Ferri

2005. Fiscal Federalism and Macroeconomic Governance: For Better or For Worse?
Anwar Shah

1995. What Macroeconomic Policies Are "Sound"?
Mansoor Dailami and Nadeem ul Haque

1973. The Economic Analysis of Sector Investment Programs
Sethaput Suthiwart-Narueput

1967. Agriculture and the Macroeconomy
Maurice Schiff and Alberto Valdés

1959. Is There a Credit Crunch in East Asia?
Wei Ding, Ilker Domaç, and Giovanni Ferri

1951. Crisis Management in Argentina during the 1994–95 Mexican Crisis: How Did Markets React?
Eduardo J.J. Ganapolsky and Sergio L. Schmukler

1938. What Explains the Success or Failure of Structural Adjustment Programs?
David Dollar and Jakob Svensson

1937. Aid, the Incentive Regime, and Poverty Reduction
Craig Burnside and David Dollar

1925. Half a Century of Development Economics: A Review Based on the Handbook of Development Economics
Jean Waelbroeck

1907. Development Expenditures and the Local Financing Constraint
Albert D.K. Agbonyitor

1894. Applying a Simple Measure of Good Governance to the Debate on Fiscal Decentralization
Jeff Huther and Anwar Shah

1885. Aid, Taxation, and Development: Analytical Perspectives on Aid Effectiveness in Sub-Saharan Africa
Christopher S. Adam and Stephen A. O'Connell

1883. Intersectoral Resource Allocation and Its Impact on Economic Development in the Philippines
Fumihide Takeuchi and Takehiko Hagino

1882. Interregional Resource Transfer and Economic Growth in Indonesia
Toshihiko Kawagoe

1881. The Asian Miracle and Modern Growth Theory
Richard R. Nelson and Howard Pack

1839. The Effects of Financial Liberalization and New Bank Entry on Market Structure and Competition in Turkey
Cevdet Denizer

1829. Economic Reform and Progress in Latin America and the Caribbean
Norman Loayza and Luisa Palacios

1825. Current Accounts in Debtor and Creditor Countries
Aart Kraay and Jaume Ventura

1822. Intergovernmental Fiscal Transfers in Nine Countries: Lessons for Developing Countries
Jun Ma

1807. The Ghost of Financing Gap: How the Harrod-Domar Growth Model Still Haunts Development Economics
William Easterly

1800. Single-Equation Estimation of the Equilibrium Real Exchange Rate
John Baffes, Ibrahim A. Elbadawi, and Stephen A. O'Connell

1792. Tradeoffs from Hedging Oil Price Risk in Ecuador
Sudhakar Satyanarayan and Eduardo Somensatto

1785. The Causes of Government and the Consequences for Growth and Well-Being
Simon Commander, Hamid R. Davoodi, and Une J. Lee

1784. Analyzing the Sustainability of Fiscal Deficits in Developing Countries
John T. Cuddington

1777. Aid, Policies, and Growth
Craig Burnside and David Dollar

1774. The Demand for Base Money and the Sustainability of Public Debt
Valeriano F. Garcia

1722. Uncertainty, Instability, and Irreversible Investment: Theory, Evidence, and Lessons for Africa
Luis Servén

1708. Has Latin America's Post-Reform Growth Been Disappointing?
William Easterly, Norman Loayza, and Peter Montiel

1660. Mind Your P's and Q's: The Cost of Public Investment is Not the Value of Public Capital
Lant Pritchett

1646. Budgetary Institutions and Expenditure Outcomes: Binding Governments to Fiscal Performance
Ed Campos and Sanjay Pradhan

1577. The Peace Dividend: Military Spending Cuts and Economic Growth
Malcolm Knight, Norman Loayza, and Delano Villanueva

1575. Inflation, Growth, and Central Banks: Theory and Evidence
José de Gregorio

1561. Income Inequality and Aggregate Saving: The Cross-Country Evidence
Klaus Schmidt-Hebbel and Luis Servén

1558. In Search of Price Rigidities (Recent Sector Evidence from Argentina)
Jacques Morisset and César Revoredo

1553. Spatial Correlations in Panel Data
John Driscoll and Aart Kraay

1544. Economic Performance in Small Open Economies: The Caribbean Experience, 1980 - 92
F. Desmond McCarthy and Giovanni Zanalda

1543. The Combined Incidence of Taxes and Public Expenditures in the Philippines
Shantayanan Devarajan and Shaikh I. Hossain

1534. The Evolution of General Banking
Forest Capie

1517. Inflation Crises and Long-Run Growth
Michael Bruno and William Easterly

1503. Africa's Growth Tragedy: A Retrospective, 1960–89
William Easterly and Ross Levine

1496. Reviving Project Appraisal at the World Bank
Shantayanan Devarajan, Lyn Squire, and Sethaput Suthiwart-Narueput

1485. Aggregate Agricultural Supply Response in Developing Countries: A Survey of Selected Issues
Maurice Schiff and Claudio E. Montenegro

1478. Promoting Growth in Sri Lanka: Lessons from East Asia
Sadiq Ahmed and Priya Ranjan

1472. Fiscal and Monetary Contraction in Chile: A Rational-Expectations Approach
Klaus Schmidt-Hebbel and Luis Serven

1458. Credit Policies: Lessons from East Asia
Dimitri Vittas and Yoon Je Cho

1434. Government Credit Policy and Industrial Performance (Japanese Machine Tool Producers, 1963 - 91)
Charles W. Calomiris and Charles P. Himmelberg

1424. Terms-of-Trade Shocks and Optimal Investment: Another Look at the Laursen-Metzler Effect
Luis Serven

1412. Foreign Technology Imports and Economic Growth in Developing Countries
Xiaoming Zhang and Heng-fu Zou


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