Download or read book Estimating Institutional Quality with Instruments written by Peter D. Hull and published by . This book was released on 2017 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: 1 IsoLATEing: Identifying Counterfactual-specific Treatment Effects with Crossstratum Comparisons -- 2. Leveraging Lotteries for School Value-added: Testing and Estimation -- 3. Estimating Hospital Quality with Quasi-experimental Data.
Download or read book Institutions Trade and Growth written by David Dollar and published by World Bank Publications. This book was released on 2003 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Several recent papers have attempted to identify the partial effects of trade integration and institutional quality on long-run growth using the geographical determinants of trade and the historical determinants of institutions as instruments. The authors show that many of the specifications in these papers are weakly identified despite the apparently good performance of the instruments in first-stage regressions. Consequently, they argue that the cross-country variation in institutions, trade, and their geographical and historical determinants is not very informative about the partial effects of these variables on long-run growth.
Download or read book International Institutions and Economic Development in Asia written by Thanh Tri Vo and published by Routledge. This book was released on 2010-11-16 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covers the influence of international public goods and landmark developments and assesses how they have affected Asia’s development through the ‘Golden’ and ‘Silver Ages’ of economic development. It also considers the challenges for the continuation of a new ‘Platinum Age’ of development driven by China and India.
Download or read book The Worldwide Governance Indicators Project Answering the Critics written by Daniel Kaufmann and published by World Bank Publications. This book was released on 2007 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: The Worldwide Governance Indicators, reporting estimates of six dimensions of governance for over 200 countries between 1996 and 2005, have become widely used among policymakers and academics. They have also attracted some explicit written criticisms. In this short paper the authors synthesize 11 critiques offered by four recent papers. They then refute them as either conceptually incorrect or empirically unsubstantiated.
Download or read book IMF Staff Papers Volume 53 No 3 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2006-12-15 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the final issue for 2006 (Volume 53), and contains another paper in the occasional Special Data Section that seeks to measure financial development in the Middle East and North Africa by utilizing a new database. The issue also contains a comment from Jacques J. Polak on parity reversion in real exchange rates.
Download or read book IMF Staff Papers Volume 56 No 4 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2009-11-04 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper empirically evaluates four types of costs that may result from an international sovereign default: reputational costs, international trade exclusion costs, costs to the domestic economy through the financial system, and political costs to the authorities. It finds that the economic costs are generally significant but short-lived, and sometimes do not operate through conventional channels. The political consequences of a debt crisis, by contrast, seem to be particularly dire for incumbent governments and finance ministers, broadly in line with what happens in currency crises.
Download or read book The Handbook of Global Trade Policy written by Andreas Klasen and published by John Wiley & Sons. This book was released on 2020-02-03 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a state-of-the-art overview of international trade policy research The Handbook of Global Trade Policy offers readers a comprehensive resource for the study of international trade policy, governance, and financing. This timely and authoritative work presents contributions from a team of prominent experts that assess the policy implications of recent academic research on the subject. Discussions of contemporary research in fields such as economics, international business, international relations, law, and global politics help readers develop an expansive, interdisciplinary knowledge of 21st century foreign trade. Accessible for students, yet relevant for practitioners and researchers, this book expertly guides readers through essential literature in the field while highlighting new connections between social science research and global policy-making. Authoritative chapters address new realities of the global trade environment, global governance and international institutions, multilateral trade agreements, regional trade in developing countries, value chains in the Pacific Rim, and more. Designed to provide a well-rounded survey of the subject, this book covers financing trade such as export credit arrangements in developing economies, export insurance markets, climate finance, and recent initiatives of the World Trade Organization (WTO). This state-of-the-art overview: Integrates new data and up-to-date research in the field Offers an interdisciplinary approach to examining global trade policy Introduces fundamental concepts of global trade in an understandable style Combines contemporary economic, legal, financial, and policy topics Presents a wide range of perspectives on current issues surrounding trade practices and policies The Handbook of Global Trade Policy is a valuable resource for students, professionals, academics, researchers, and policy-makers in all areas of international trade, economics, business, and finance.
Download or read book International Capital Flows and the Lucas Paradox written by Muhammad Akhtaruzzaman and published by Springer. This book was released on 2019-06-21 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a comprehensive analysis of the debates on international capital flows, and presents a new evidence-based answer to the long-standing question of why capital doesn’t tend to flow from rich to poor countries as predicted by standard neoclassical theory – a puzzle known as the Lucas paradox. Further, the book reviews alternative approaches to conventional estimates of the marginal product of capital (MPK) and considers whether these estimates actually help us understand observed international capital flows. A rigorous quantitative approach is subsequently used to provide clear empirical evidence on the determinants of capital flows across borders. The findings of this empirical analysis suggest that generous economic policies on capital account convertibility are more influential than differences in institutional quality in terms of determining international capital flows. In closing, the relative importance of various types of political risk (e.g. expropriation and corruption) is examined. After determining that expropriation risk has one of the greatest effects on foreign direct investment (FDI), the book proposes an appealingly intuitive explanation for the lack of FDI flows to many capital-scarce developing countries.
Download or read book Trade and Income in the Long Run Are There Really Gains and Are They Widely Shared written by Diego A. Cerdeiro and published by International Monetary Fund. This book was released on 2017-11-07 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the cross section of countries, there is a strong positive correlation between trade and income, and a negative relationship between trade and inequality. Does this reflect a causal relationship? We adopt the Frankel and Romer (1999) identification strategy, and exploit countries' exogenous geographic characteristics to estimate the causal effect of trade on income and inequality. Our cross-country estimates for trade's impact on real income are consistently positive and significant over time. At the same time, we do not find any statistical evidence that more trade increases aggregate measures of income inequality. Heeding previous concerns in the literature (e.g. Rodriguez and Rodrik, 2001; Rodrik, Subramanian and Trebbi, 2004), we carefully analyze the validity of our geography-based instrument, and confirm that the IV estimates for the impact of trade are not driven by other direct or indirect effects of geography through non-trade channels.
Download or read book The impact of quality foundational skills on youth employment in Africa Does institutional quality matter written by Olagunju, Kehinde O. and published by Intl Food Policy Res Inst. This book was released on with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite impressive progress in the economic performance of many African countries in recent years, youth unemployment remains one of the continent’s main socioeconomic and political problems. This study employs panel data covering 49 African countries for the period 2000–2017 to provide the first attempt to explicitly examine the dynamic relationship between quality foundational skills, measured by basic education quality (teacher-pupil ratio), and youth unemployment, while considering the conditional role of institutional capacity, measured by control of corruption, regulatory quality, and financial development. The empirical estimation in this paper is based on a two-step system generalized method of moments (SGMM), in order to control for unobserved heterogeneity and potential endogeneity of all the explanatory variables. The following are the main findings: First, youth unemployment is persistent in Africa. Second, quality of basic education exerts a negative impact on youth unemployment. Third, greater control of corruption, improved regulatory quality, and better structured financial sectors strengthen the effect of quality basic education in reducing youth unemployment. These findings provide a clear policy pathway for reducting youth unemployment. In particular, we recommend that better quality basic education, a well-structured financial structure, and institutional quality should constitute a fundamental component of the policy mix to reduce youth unemployment in Africa.
Download or read book Trapped in the Middle written by José Antonio Alonso and published by Oxford University Press, USA. This book was released on 2020-10-22 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: Trapped in the Middle? investigates whether middle-income traps really exist and, in case they do, how these pitfalls are manifested, their causes, what economic policy measures are required to escape from them, and what international cooperation can do to support this process.
Download or read book Review of 1997 Guidance Note on Governance A Proposed Framework for Enhanced Fund Engagement written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2018-04-22 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper proposes the adoption of a framework that would supplement the 1997 Fund’s Guidance Note on the Role of the Fund in Governance Issues, adopted by the Executive Board (the “1997 Governance Policy”). While the 1997 Governance Policy remains an appropriate basis for the Fund’s work in this area, further guidance from the Executive Board is needed to ensure that the objectives of that policy are achieved. Experience over the past 20 years has underscored the critical impact that governance issues can have on the Fund’s work. In particular, there is evidence that corruption can have a pernicious effect on a country’s ability to achieve sustainable, inclusive economic growth. As requested by the Executive Board, the proposed Framework for Enhanced Engagement by the Fund (“Framework for Enhanced Fund Engagement”) is designed to promote more systematic, effective, and candid engagement with member countries regarding those governance vulnerabilities, including corruption, that are judged to be macroeconomically critical. Perhaps most importantly, the application of the Framework for Enhanced Fund Engagement to all members on a systematic basis will enhance evenhandedness. Finally, the Framework is designed to strengthen the global fight against corruption by promoting governmental measures that prevent private actors from offering bribes or providing services that enable the proceeds of corrupt acts to be concealed, particularly in the transnational context.
Download or read book Growth Without Governance written by Daniel Kaufmann and published by World Bank Publications. This book was released on with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Does Greater Accountability Improve the Quality of Delivery of Public Services written by Klaus W. Deininger and published by World Bank Publications. This book was released on 2004 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Advances in Pacific Basin Business Economics and Finance written by Cheng-Few Lee and published by Emerald Group Publishing. This book was released on 2018-09-06 with total page 299 pages. Available in PDF, EPUB and Kindle. Book excerpt: Advances in Pacific Basin Business, Economics, and Finance is an annual publication designed to focus on interdisciplinary research in finance, economics, and management among Pacific Rim countries.
Download or read book IMF Supported Programs written by Mr.Ashoka Mody and published by International Monetary Fund. This book was released on 2006-04-03 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research work by the IMF’s staff on the effectiveness of the country programs the organization supports, which has long been carried out, has intensified in recent years. IMF analysts have sought to “open up the black box” by more closely examining program design and implementation, as well as how these influence programs’ effectiveness. Their efforts have also focused on identifying the lending, signaling, and monitoring features of the IMF that may affect member countries’ economic performance. This book reports on a large portion of both the new and the continuing research. It concludes that IMF programs work best where domestic politics and institutions permit the timely implementation of the necessary measures and when a country is vulnerable to, but not yet in, a crisis. It points to the need for a wider recognition of the substantial diversity among IMF member countries and for programs to be tailored accordingly while broadly maintaining the IMF’s general principle of uniformity of treatment.
Download or read book Estimating Hospital Quality with Quasi Experimental Data written by Peter Hull and published by . This book was released on 2018 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Non-random sorting can bias observational measures of institutional quality and distort quality-based polices. I develop alternative quasi-experimental approaches to quality estimation that accommodate nonlinear causal effects, institutional specialization, and unobserved selection-on-gains. I use this framework to compute empirical Bayes posteriors of the quality of 4,821 U.S. hospitals, combining estimates from ambulance referral quasi-experiments with predictions from observational risk-adjustment models. Higher-spending, higher-volume, and privately-owned hospitals are of higher quality, and most healthcare markets exhibit positive Roy selection-on-gains. I then simulate Medicare reimbursement and consumer guidance programs based on different hospital quality measures. Higher-spending providers tend to see moderately larger performance-linked subsidies when quality posteriors replace conventional rankings, while teaching hospitals are reimbursed relatively less. Admissions policy simulations highlight limitations of consumer guidance programs in settings with unobserved Roy selection: redirecting patients to top-ranked hospitals may worsen expected survival when based on observational rankings, while quasi-experimental rankings appear to generate modest gains.
