DOCSLIB.ORG

Journal Articles (2004 - Present) (As of June 23, 2020)

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Journal Articles (2004 - Present) (As of June 23, 2020) Journal Articles (2004 - present) (As of June 23, 2020) Journal articles by the staff of the World Bank’s Development Research Group. Please note that articles are often available only to journal subscribers. 2020 Almeida, Rita K., Ana M. Fernandes, and Mariana Viollaz. 2020. “Software Adoption, Employment Composition, and the Skill Content of Occupations in Chilean Firms.” The Journal of Development Studies 56 (1) | Working Paper Version. https://doi.org/10.1080/00220388.2018.1546847 Bruhn, Miriam. 2020. “Can Wage Subsidies Boost Employment in the Wake of an Economic Crisis? Evidence from Mexico.” The Journal of Development Studies, January (available online) | Working Paper Version. https://doi.org/10.1080/00220388.2020.1715941 Cirera, Xavier, Roberto Fattal-Jaef, Hibret Maemir. 2020. “Taxing the Good? Distortions, Misallocation, and Productivity in Sub-Saharan Africa.” World Bank Econ Rev 34 (Issue 1): 75–100, February 2020. https://doi.org/10.1093/wber/lhy018 Do, Quy-Toan, Andrei A Levchenko, Lin Ma, Julian Blanc, Holly Dublin, Tom Milliken. 2020. “The Price Elasticity of African Elephant Poaching.” The World Bank Economic Review, April https://doi.org/10.1093/wber/lhaa008 Dong, Kangyin, Gal Hochman, and Govinda R.Timilsina. 2020. “Do drivers of CO2 emission growth alter overtime and by the stage of economic development? Energy Policy 140, May. https://doi.org/10.1016/j.enpol.2020.111420 Giné, Xavier, and Hanan G. Jacoby. 2020. “Contracting under uncertainty: Groundwater in South India." Quantitative Economics, February (open access) | Working Paper Version. https://doi.org/10.3982/QE1049 Jirasavetakul, La-Bhus Fah, and Christoph Lakner. 2020. “The Distribution of Consumption Expenditure in Sub-Saharan Africa: The Inequality Among All Africans.” Journal of African Economies 29 (1): 1-25, January 2020. https://doi.org/10.1093/jae/ejz016 Khemani, Stuti. 2020. “Political Economy of Reform.” Oxford Encyclopedia of Economics and Finance, Jan 2020. http://www.doi.org/10.1093/acrefore/9780190625979.013.238 McKenzie, David. 2020. “If it needs a power calculation, does it matter for poverty reduction?” World Development 127, March 2020, 104815 (early access) https://doi.org/10.1016/j.worlddev.2019.104815 1 | P a g e Özler, Berk, Kelly Hallman, Marie-France Guimond, Elizabeth A. Kelvin, Marian Rogers, and Esther Karnley. “Girl Empower – A gender transformative mentoring and cash transfer intervention to promote adolescent wellbeing: Impact findings from a cluster-randomized controlled trial in Liberia.” Social Science & Medicine - Population Health 10, April 2020, 100527 (early access). https://doi.org/10.1016/j.ssmph.2019.100527 Stewart, Christine P., Lia C H Fernald, Ann M Weber, Charles Arnold, and Emanuela Galasso. 2020. “Lipid- Based Nutrient Supplementation Reduces Child Anemia and Increases Micronutrient Status in Madagascar: A Multiarm Cluster-Randomized Controlled Trial.” The Journal of Nutrition 150 (4): 958–966, April. https://doi.org/10.1093/jn/nxz320 Timilsina, Govinda R., and Sheoli Pargal. 2020. “Economics of energy subsidy reforms in Bangladesh.” Energy Policy 142, July. https://doi.org/10.1016/j.enpol.2020.111539 2019 Ali, Daniel, Klaus Deininger, and Anthony Harris. 2019. “Does Large Farm Establishment Create Benefits for Neighboring Smallholders? Evidence from Ethiopia.” Land Economics 95 (1): 71-90, February. https://www.doi.org/10.3368/le.95.1.71 Ali, Daniel Ayalew, Klaus Deininger, and Loraine Ronchi. 2019. “Costs and Benefits of Land Fragmentation: Evidence from Rwanda.” The World Bank Economic Review 33 (3): 750–771, October. https://doi.org/10.1093/wber/lhx019 Ali, Daniel Ayalew, Klaus Deininger, and Michael Wild. 2019. “Using satellite imagery to create tax maps and enhance local revenue collection.” Applied Economics 52 (4) (online August). https://doi.org/10.1080/00036846.2019.1646408 Ali, Daniel Ayalew, Klaus Deininger, Godfrey Mahofa, and Rhona Nyakulama. 2019. “Sustaining land registration benefits by addressing the challenges of reversion to informality in Rwanda.” Land Use Policy (online November). https://doi.org/10.1016/j.landusepol.2019.104317 Artuc, Erhan, Bob Rijkers, and Guido Porto. 2019. “Trading Off the Income Gains and Inequality Costs of Trade Policy.” Journal of International Economics 120 (1): 1-45 (open access)| Working Paper Version. https://doi.org/10.1016/j.jinteco.2019.05.001 Bachas, Pierre, Roberto N. Fattal Jaef, and Anders Jensen. 2019. “Size-Dependent Tax Enforcement and Compliance: Global Evidence and Aggregate Implications.” Journal of Development Economics 140: 203- 222, September 2019 | Working Paper Version. https://doi.org/10.1016/j.jdeveco.2019.05.001 Banerjee, Abhijit, Eliana La Ferrara, and Victor Orozco. 2019. “Entertainment, Education, and Attitudes Toward Domestic Violence.” AEA Papers and Proceedings 109: 133-37. https://doi.org/10.1257/pandp.20191073 2 | P a g e Boccanfuso, Dorothée, Massa Coulibaly, Govinda Timilsina, and Luc Savard. 2019. “Macroeconomic and Distributional Impacts of Jatropha-based Biodiesel in Mali.” Economies 6 (4): 63. https://doi.org/10.3390/economies6040063 Brueckner, Jan K., Claus Rabe, and Harris Selod. 2019. “Backyarding: Theory and evidence for South Africa.” Regional Science and Urban Economics 79 (online November). https://doi.org/10.1016/j.regsciurbeco.2019.103486 Bruhn, Miriam, and David McKenzie. 2019. “Can Grants to Consortia Spur Innovation and Science- Industry Collaboration? Regression-Discontinuity Evidence from Poland.” The World Bank Economic Review 33 (3): 690-716, October. https://doi.org/10.1093/wber/lhx014 Bursztyn, Leonardo, Stefano Fiorin, Daniel Gottlieb, and Martin Kanz. 2019. “Moral Incentives in Credit Card Debt Repayment: Evidence from a Field Experiment.” Journal of Political Economy 127 (4): 1641- 1683, 2019. https://drive.google.com/open?id=1dX4mOKrmivyLTd-miD8bRNqqUjiLGQGQ Cull, Robert, Li Gan, Nan Gao, and Lixin Colin Xu. 2019. “Dual Credit Markets and Household Usage to Finance: Evidence from a Representative Chinese Household Survey.” Oxford Bulletin of Economics and Statistics, August 2019 https://doi.org/10.1111/obes.12320 Calomiris, Charles W., Mauricio Larrain, and Sergio L. Schmukler. 2019. “Capital Inflows, Equity Issuance Activity, and Corporate Investment.” Journal of Financial Intermediation, October 2019, 100845 https://doi.org/10.1016/j.jfi.2019.100845 Cusolito, Ana Paula, Ernest Dautovic and David McKenzie. 2019. “Can Government Intervention Make Firms More Investment-Ready? A Randomized Experiment in the Western Balkans.” Review of Economics and Statistics, Posted Online November 01, 2019. https://doi.org/10.1162/rest_a_00882 Christian, Paul J., Eeshani Kandpal, Nethra Palaniswamy, and Vijayendra Rao. 2019. “Safety Nets and Natural Disaster Mitigation: Evidence from Cyclone Phailin in Odisha.” Climatic Change 153 (1-2, March): 141-64. https://www.doi.org/10.1007/s10584-018-02364-8 Clarke-Deelder, Emma, Gil Shapira, Hadia Samaha, György Bèla Fritsche, and Günther Fink. 2019. “Quality of care for children with severe disease in the Democratic Republic of the Congo.” BMC Public Health 19 (1608): 1-12. https://doi.org/10.1186/s12889-019-7853-3 Constantinescu, Cristina, Aaditya Mattoo, and Michele Ruta. 2019. “Does Vertical Specialisation Increase Productivity?” The World Economy 43 (8, August) : 2385-2402. https://doi.org/10.1111/twec.12801 Daniels, Benjamin, Ada Kwan, Srinath Satyanarayana, Ramnath Subbaraman, Ranendra K Das, Veena Das, Jishnu Das, and Madhukar Pai. 2019. “Use of Standardised Patients to Assess Gender Differences in 3 | P a g e Quality of Tuberculosis Care in Urban India: A Two-City, Cross-Sectional Study.” The Lancet Global Health 7 (5, May): e633-43. https://doi.org/10.1016/S2214-109X (19)30031-2 Daniels, Benjamin, Ada Kwan, Madhukar Pai, and Jishnu Das. 2019. “Lessons on the Quality of Tuberculosis Diagnosis from Standardized Patients in China, India, Kenya, and South Africa.” Journal of Clinical Tuberculosis and Other Mycobacterial Diseases 16 (August): 100-09. https://doi.org/10.1016/j.jctube.2019.100109 Das, Jishnu. “The Viability Of Social Accountability Measures.” The Lancet Global Health, 7, 8 (August 1, 2019): e994-e995. https://doi.org/10.1016/S2214-109X (19)30292-X Dasgupta, Susmita, Mainul Huq, Zahirul Huque Khan, Md. Raqubul Hasib, and Md. Saiful Islam. 2019. “Quantifying the Protective Capacity of Mangroves from Storm Surges in Coastal Bangladesh.” PLOS ONE, March. https://doi.org/10.1371/journal.pone.0214079 Das Gupta, Monica, Rajib Dasgupta, P. Kugananthan, Vijayendra Rao, T. V. Somanathan, and K. N. Tewari. 2019. “Flies Without Borders: Lessons from Chennai on Improving India’s Municipal Health Services.” Journal of Development Studies. https://doi.org/10.1080/00220388.2019.1605053 de Hoop, Jacobus, Jed Friedman, Eeshani Kandpal, and Furio C. Rosati. 2019. “Child Schooling and Child Work in the Presence of a Partial Education Subsidy.” Journal of Human Resources, University of Wisconsin Press 54 (2): 503-531, Spring. http://www.doi.org/10.3368/jhr.54.2.0317.8627R1 Deininger, Klaus, and Yanyan Liu. 2019. “Heterogeneous Welfare Impacts of National Rural Employment Guarantee Scheme: Evidence from Andhra Pradesh, India.” World Development 117 (May): 98-111. https://doi.org/10.1016/j.worlddev.2018.12.014 Deininger, Klaus, Fang Xia, and Stein Holden. 2019. “Gendered Incidence and Impacts of Tenure Insecurity on Agricultural Performance in Malawi’s Customary Tenure System.” The Journal of Development Studies 55 (4): 597-619. https://doi.org/10.1080/00220388.2018.1425395
Load more

Recommended publications
  • State of the Economy
    Part 2 State of the Economy Economic Survey Vol 2 Chapter 1 First Advance Estimates of 2019-20 • Growth in real GDP during 2019-20 is estimated at 5.0 per cent, as compared to 6.8 per cent in 2018-19 • Fixed investment as percentage of GDP at current prices is estimated to be 28.1 per cent in 2019-20, lower as compared to 29.3 per cent in 2018-19 (Table 6) • Key indicators of the economy are reflected in Table 8. • Given a 4.8 per cent real GDP growth in H1 of 2019-20, the first Advance Estimates imply that growth in H2 of 2019-20 will witness an uptick over H1 of 2019-20. • Reasons: • NIFTY India Consumption Index picked up for the first time this year with a positive year-on-year growth of 10.1 per cent in October 2019 as compared to negative growth in the previous months. • The growth continues to remain positive • Reinstating the positive confidence in Indian economy the secondary market continues to be upbeat • Foreign investors continue to show confidence in India. • The country has attracted a net FDI of US$ 24.4 billion in April- November of 2019-20 as compared to US$ 21.2 billion in April-November of 2018-19 • Net FPI inflow in April-November 2019-20 • The terms of trade for farmers has been improving and will lead to increase in rural consumption- food inflation since April 2019 has been rising. • Industrial activity is on a rebound and is showing signs of pick up= IIP in November 2019 has registered a growth of 1.8 per cent as compared to a contraction by 3.4 per cent in October 2019 and by 4.3 per cent in September 2019 • Growth in merchandize exports has been improving as reflected in a contraction by 0.8 percent in Q3 2019-20 which was smaller as compared to a contraction by 3.7 per cent in Q2 2019-20.
    [Show full text]
  • What to Expect from Indian Prime Minister Manmohan Singh's U.S. Visit
    What to Expect from Indian Prime Minister Manmohan Singh’s U.S. Visit By Caroline Wadhams and Aarthi Gunasekaran September 25, 2013 Despite ongoing turmoil in the Middle East, the Obama administration continues its steady pursuit of a foreign policy makeover, reorienting its attention and resources to the Asia-Pacific—specifically India. Following a number of high-level visits by American officials to India, including Vice President Joe Biden’s trip in July and Secretary of State John Kerry’s trip in June, Indian Prime Minister Manmohan Singh will meet with President Barack Obama tomorrow during his second official trip to Washington as prime minister.1 During the meeting, President Obama and Prime Minister Singh will likely focus on the following six issues in the U.S.-India relationship: • Trade and investment • Defense cooperation • The U.S.-India civil nuclear deal • Climate change and clean energy • Immigration reform • Security issues and the strategic partnership 1 Center for American Progress | What to Expect from Indian Prime Minister Manmohan Singh’s U.S. Visit For the Obama administration, underlying these discussions will be the unmet expecta- tions of the U.S.-India relationship, a relationship envisioned as the cornerstone of the U.S. rebalance to the Asia-Pacific. While there were high hopes following the U.S.-India civil nuclear deal in 2008 and Prime Minister Singh’s 2009 visit to Washington, many U.S. policymakers have been disappointed by the Indian government’s failure to deepen the partnership by implementing the civil nuclear deal, making India more open to investment opportunities for U.S.
    [Show full text]
  • A China Round of Multilateral Trade Negotiations
    A China Round of Multilateral Trade Negotiations Aaditya Mattoo and Arvind Subramanian Abstract Until recently, the World Trade Organization (WTO) has been an effective framework for cooperation because it has continually adapted to changing economic realities. The current Doha Agenda is an aberration because it does not reflect one of the biggest shifts in the international economic and trading system: the rise of China. Even though China will have a stake in maintaining trade openness, an initiative that builds on but redefines the Doha Agenda would anchor China more fully in the multilateral trading system. Such an initiative would have two pillars. First, a new negotiating agenda that would include the major issues of interest to China and its trading partners, and thus unleash the powerful reciprocal liberalization mechanism that has driven the WTO process to previous successes. Second, new restraints on bilateralism and regionalism that would help preserve incentives for maintaining the current broad non-discriminatory trading order. JEL Codes: F1, F2, F5 Keywords: China, trade, multilateralism, WTO, Doha agenda Working Paper 277 www.cgdev.org December 2011 A China Round of Multilateral Trade Negotiations Aaditya Mattoo World Bank Arvind Subramanian Center for Global Development Aaditya Mattoo works with the Development Economics Research Group, World Bank. Email: [email protected]. Arvind Subramanian is senior fellow at the Center for Global Development and at the Peterson Institute for International Economics. Email: [email protected]. The authors are grateful to Richard Baldwin, C. Fred Bergsten, Chad Bown, Bernard Hoekman, Gary Hufbauer, Pascal Lamy, Patrick Low, Will Martin, Zanny Minton-Beddoes, and Martin Wolf for helpful discussions and useful comments, and, in particular, to an anonymous referee for detailed comments.
    [Show full text]
  • The Evolution of Institutions in India and Its Relationship with Economic Growth
    The Evolution of Institutions in India and its Relationship with Economic Growth Arvind Subramanian Senior Fellow, Peterson Institute for International Economics and Center for Global Development, and Senior Research Professor, Johns Hopkins University April 2007 I am grateful to Josh Felman, Ejaz Ghani, Ajay Chhibber, Shanta Devarajan, Nurul Islam, Simon Johnson, Devesh Kapur, Sanjay Kathuria, Deena Khatkhate, Kalpana Kochhar, Utsav Kumar, Pratap Bhanu Mehta, Nandan Nilekani, Raghuram Rajan, C. Rammanohar Reddy, Krishna Srinivasan, and S. Sriramachandran for useful discussions. This paper draws upon work with my colleagues, Prachi Mishra and Petia Topalova. An anonymous referee and the editors provided helpful comments. Manzoor Gill and Thoihen Singh provided excellent assistance with data. 2 I. Introduction The tepid-to-torrid transformation in India’s economic growth since the early 1980s is one of the big stories of recent times. Whereas “Midnight’s children” saw their standard of living double over forty years, Midnight’s grandchildren—the “India Shining” generation—can expect a five- or six-fold improvement in their lifetimes. But how have India’s public economic institutions fared over this period? And what is their relationship with this growth transformation? This paper represents a modest and preliminary attempt at answering these questions. On the first, this paper presents some stylized facts and new empirical evidence on the evolution in selected public institutions in India. The main finding is that, at least based on the limited number of institutions explored in this paper—the bureaucracy and judiciary-- there does not seem to be evidence of improvements in the average quality of institutions over time; if anything, the evidence leans in the other direction.
    [Show full text]
  • Preview | Eclipse: Living in the Shadow of China's Economic Dominance
    ECLECLIPSEIPSE: LivingLiving in the in Shadow the of ChiShadowna’s Economic Dominance of ChiArvindna’s Subramanian Economic Dominance Peterson Institute for International Economics Arvind Subramanian Peterson Institute for International Economics Praise for Eclipse: Living in the Shadow of China’s Economic Dominance “Parts of Eclipse read like a wonky version of Rising Sun, Michael Crichton's 1992 novel of Japanese dominance over the U.S. when Tokyo was seen as speeding toward number one. But Mr. Subramanian is a first-class economist who uses his book to discuss provocatively U.S.-Chinese relations and the nature of economic power.” —Wall Street Journal “If you want to understand the true magnitude of the shift in economic power that is currently changing the world, Eclipse is the book to read-- provocative, well argued and elegantly written.” —Liaquat Ahamed, Pulitzer Prize winning author of Lords of Finance “Defying conventional wisdom, Eclipse not just vividly imagines, but provides a plausible scenario for, the replacement of the United States by China as the world's dominant economic power. It persuasively underlines the need for Washington to get its act together.” —Francis Fukuyama, Senior Fellow, Freeman Spogli Institute for International Studies, Stanford University and author of The End of History and The Origins of Political Order “Eclipse is an extremely well written and thought provoking book. It must be read for a refreshing and deep analysis of what may lie ahead." —Mohamed El-Erian, Chief Executive, PIMCO and award winning author of When Markets Collide “Eclipse is a fascinating read. Controversial, but meant to be, it has the potential to set the terms of our ongoing discussion on what is perhaps the hottest issue in the global economy—China’s role.
    [Show full text]
  • The Hyperglobalization of Trade and Its Future
    Working Paper Series WP 13-6 JULY 2013 The Hyperglobalization of Trade and Its Future Arvind Subramanian and Martin Kessler Abstract Th is paper describes seven salient features of trade integration in the 21st century: Trade integration has been more rapid than ever (hyperglobalization); it is dematerialized, with the growing importance of services trade; it is democratic, because openness has been embraced widely; it is criss-crossing because similar goods and investment fl ows now go from South to North as well as the reverse; it has witnessed the emergence of a mega-trader (China), the fi rst since Imperial Britain; it has involved the proliferation of regional and preferential trade agreements and is on the cusp of mega-region- alism as the world's largest traders pursue such agreements with each other; and it is impeded by the continued existence of high barriers to trade in services. Going forward, the trading system will have to tackle three fundamental challenges: In developed countries, the domestic support for globalization needs to be sustained in the face of economic weakness and the reduced ability to maintain social insurance mechanisms. Second, China has become the world’s largest trader and a major benefi ciary of the current rules of the game. It will be called upon to shoulder more of the responsibilities of maintaining an open system. Th e third challenge will be to prevent the rise of mega-regionalism from leading to discrimi- nation and becoming a source of trade confl icts. We suggest a way forward—including new areas of cooperation such as taxes—to maintain the open multilateral trading system and ensure that it benefi ts all countries.
    [Show full text]
  • World Bank Document
    WPS3909 Trading on Time Simeon Djankov Public Disclosure Authorized Caroline Freund Cong S. Pham* Abstract: We determine how time delays affect international trade, using newly- collected World Bank data on the days it takes to move standard cargo from the factory gate to the ship in 126 countries. We estimate a modified gravity equation, controlling for endogeneity and remoteness. On average, each additional day that a product is delayed prior to being shipped reduces trade by at least 1 percent. Put differently, each day is equivalent to a country distancing itself from its trade partners by 70 km on average. Delays have an even greater impact on developing country exports and exports of time- Public Disclosure Authorized sensitive goods, such as perishable agricultural products. In particular, a day’s delay reduces a country’s relative exports of time-sensitive to time-insensitive agricultural goods by 6 percent. JEL codes: F13, F14 and F15 Keywords: trade facilitation, time costs, gravity models World Bank Policy Research Working Paper 3909, May 2006 The Policy Research Working Paper Series disseminates the findings of work in progress to encourage the exchange of ideas about development issues. An objective of the series is to get the findings out quickly, even if the presentations are less than fully polished. The papers carry the names of the authors and should Public Disclosure Authorized be cited accordingly. The findings, interpretations, and conclusions expressed in this paper are entirely those of the authors. They do not necessarily represent the view of the World Bank, its Executive Directors, or the countries they represent.
    [Show full text]
  • Curriculum Vitae
    CURRICULUM VITAE AADITYA MATTOO Address: Development Research Group, World Bank, 1818 H Street NW, Washington DC 20433, USA. Telephone: (202) 458 7611 Telefax: (202) 522 1159 E-mail: [email protected] Nationality: Indian Education 1990 Ph.D. in Economics, King's College, University of Cambridge. Title of Thesis: Imperfectly Competitive Markets and State Policy. 1985 M.Phil in Economics from St. Edmund Hall, University of Oxford. Title of Thesis: Interaction between Agriculture and Industry in a Developing Country. 1981-83 M.A. in Economics from the Delhi School of Economics. First Division and ranked fourth in the University. Special Courses: Economic Policy and Project Evaluation, Advanced Economic Theory, Econometrics. 1978-81 B.A. Honours in Economics from St. Stephen's College, Delhi. First division and ranked fourth in the University. Languages English, French (United Nations Language Proficiency Certificate), Hindi and Kashmiri. Work Experience 2010- Research Manager, Trade and Integration, World Bank, Washington DC. Responsible for managing the World Bank’s International Trade and Integration research team (DECTI) consisting of thirty researchers and support staff. The research program focuses on the development-impact of policies affecting trade in goods and services, foreign direct investment, and international migration. Research issues include the determinants of trade performance of developing countries; the impact of trade and investment policies on growth and income distribution; the design of complementary behind-the-border
    [Show full text]
  • Del NAFTA Al T-MEC
    Del NAFTA al T-MEC - Oportunidad de internacionalización de la economía mexicana hacía otros mercados como el de “China y la Unión Europea” - Jonathan Bar-Hod Luca Jonas Noe Universidad Pontificia Bolivariana Administración Economía y Negocio Negocios Internacionales CALA Medellín 2020 Del NAFTA al T-MEC - Oportunidad de internacionalización de la economía mexicana hacía otros mercados como el de “China y la Unión Europea” - Jonathan Bar-Hod Luca Jonas Noe Trabajo de grado para optar al título de Negociador Internacional Asesor Carlos Alberto Montoya Corrales Universidad Pontificia Bolivariana Administración Economía y Negocio Negocios Internacionales CALA Medellín 2020 23 de mes julio del año 2020 Luca Jonas Noe “Declaro que este trabajo de grado no ha sido presentado con anterioridad para optar a un título, ya sea en igual forma o con variaciones, en ésta o en cualquiera otra universidad”. Art. 92, parágrafo, Régimen Estudiantil de Formación Avanzada. Firma 1 23 de mes julio del año 2020 Jonathan Bar-Hod “Declaro que este trabajo de grado no ha sido presentado con anterioridad para optar a un título, ya sea en igual forma o con variaciones, en ésta o en cualquiera otra universidad”. Art. 92, parágrafo, Régimen Estudiantil de Formación Avanzada. Firma 2 Contenido Introducción .................................................................................................................................. 5 Antecedentes ...........................................................................................................................
    [Show full text]
  • New Central Bank Governor in India
    New Central Bank Governor in India The Reserve Bank of India’s (RBI) Governor, Urjit Patel resigned from his position earlier this week for “personal reasons”. He is the first central bank governor to resign after more than 43 years and has just been replaced by Shaktikanta Das, a figure more aligned to Prime Minister Narendra Modi and likely to accommodate the latter’s policy objectives. Das is set to govern over India’s top financial institution until 2021. As a member of the Economic Affairs Ministry, he had a hand in devising the most central and unpopular policies of the Modi government, namely the General Sales Tax which imposes an average 18% tax rate on most goods and demonetisation which invalidated 86% of the currency notes. These policies mostly hurt small and medium enterprises and caused the loss of more than 2 million jobs in the unregulated sector in urban zones. These developments have been thorns in the side of the Modi government, as the latter generally -but not solely- attracts votes from small businessmen and rural regions of India. This led the government to put the blame of its policy failures on the RBI, which led to a momentous showdown between the government and the central bank, meant to be autonomous. Over the last two years, India’s financial and economic sector saw the resignation of many key figures, who despite leaving for personal reasons, might have good grounds to have left as a reprimand against the government’s creeping foothold on the central bank. In 2016, the famed RBI Governor Raghuram Rajan was not given a second term by the government, something unprecedented in the last two decades.
    [Show full text]
  • Trade and Industrial Location with Heterogeneous Labor∗
    Trade and Industrial Location with Heterogeneous Labor∗ Mary Amiti International Monetary Fund and CEPR Christopher A. Pissarides London School of Economics and CEPR this version March 2004 Abstract We show in the context of a new economic geography model that when labor is heterogenous trade liberalization may lead to industrial agglomer- ation and inter-regional trade. Labor heterogeneity gives local monopoly power to firms but also introduces variations in the quality of the job match. Matches are likely to be better when there are more firmsandworkersin the local market, giving rise to an agglomeration force which can offset the forces against, trade costs and the erosion of monopoly power. We derive analytically a robust agglomeration equilibrium and illustrate its properties with numerical simulations. Keywords: agglomeration, matching, spatial mismatch, inter-regional trade JEL Classification: F12, J41, R12, R13 ∗Amiti, Research Department, Trade Unit, International Monetary Fund, 700 19th Street, Washington DC 20431, Ph 1-202-623-7767, Fax 1-202-589-7767 , email [email protected]. Pis- sarides: London School of Economics, Houghton Street, London WC2A 2AE, UK, tel. +44 207 955 7513, fax +44 207 831 1840, email [email protected]. We thank Gilles Duranton, Gene Grossman, Diego Puga, Tony Venables and the editor and refeees for their comments. A previ- ous version of this paper was presented at the CEPR Workshop “The Economic Geography of Europe: Measurement, Testing and Policy Simulations,” Villars, 18/19 January 2002. In this paper we demonstrate that when labor is heterogenous and the match- ing of skills with jobs below first-best, the introduction of trade may lead to industrial agglomeration and inter-regional trade.
    [Show full text]
  • The New Era of Unconditional Convergence
    The New Era of Unconditional Convergence Dev Patel, Justin Sandefur, and Arvind Subramanian Abstract The central fact that has motivated the empirics of economic growth—namely unconditional divergence—is no longer true and has not been so for decades. Across a range of data sources, poorer countries have in fact been catching up with richer ones, albeit slowly, since the mid-1990s. This new era of convergence does not stem primarily from growth moderation in the rich world but rather from accelerating growth in the developing world, which has simultaneously become remarkably less volatile and more persistent. Debates about a “middle-income trap” also appear anachronistic: middle-income countries have exhibited higher growth rates than all others since the mid-1980s. Keywords: Unconditional convergence, economic growth, middle-income trap JEL: F43, N10, 047 Working Paper 566 February 2021 www.cgdev.org The New Era of Unconditional Convergence Dev Patel Harvard University [email protected] Justin Sandefur Center for Global Development [email protected] Arvind Subramanian Ashoka University [email protected] This paper extends an earlier piece which circulated under the title, “Everything you know about cross-country convergence is (now) wrong.” The ideas here benefited from discussions with and comments from Doug Irwin, Paul Johnson, Chris Papageorgiou, Dani Rodrik, and David Rosnick, as well as commentaries on our earlier piece from Brad DeLong, Paul Krugman, Noah Smith, and Dietrich Vollrath. Patel acknowledges support from a National Science Foundation Graduate Research Fellowship under grant DGE1745303. All errors are ours. Dev Patel, Justin Sandefur, and Arvind Subramanian, 2021. “The New Era of Unconditional Convergence.” CGD Working Paper 566.
    [Show full text]