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The World Bank Economic Review Wber.j_27_2_Cover.qxd 5/24/13 11:38 AM Page 1 Volume 27 • Number 2 • 2013 27 • Number Volume ISSN 0258-6770 (PRINT) ISSN 1564-698X (ONLINE) THE WORLD BANK THE WORLD BANK 1818 H Street, NW Washington, DC 20433, USA ECONOMIC REVIEW Public Disclosure Authorized World Wide Web: http://www.worldbank.org/ E-mail: [email protected] Downloaded from Volume 27 • 2013 • Number 2 THE WORLD BANK ECONOMIC REVIEW ECONOMIC BANK WORLD THE http://wber.oxfordjournals.org/ Does Urbanization Affect Rural Poverty? Evidence Public Disclosure Authorized from Indian Districts Massimiliano Calì and Carlo Menon Learning versus Stealing: How Important Are Market-Share at International Monetary Fund on February 5, 2015 Reallocations to India’s Productivity Growth? Ann E. Harrison, Leslie A. Martin, and Shanthi Nataraj Structural Change and Cross-Country Growth Empirics Markus Eberhardt and Francis Teal Evaluating Program Impacts on Mature Self-help Groups in India Klaus Deininger and Yanyan Liu Wage Effects of High-Skilled Migration: International Evidence Public Disclosure Authorized Volker Grossmann and David Stadelmann Is Foreign Aid Fungible? Evidence from the Education and Health Sectors Nicolas Van de Sijpe Pages 171–388 Pages Industry Switching in Developing Countries Carol Newman, John Rand, and Finn Tarp www.wber.oxfordjournals.org Public Disclosure Authorized 2 Wber.j_27_2_Cover.qxd 5/24/13 11:38 AM Page 2 THE WORLD BANK ECONOMIC REVIEW Forthcoming papers in editors Alain de Janvry and Elisabeth Sadoulet, University of California at Berkeley assistant to the editor THE WORLD BANK Marja Kuiper ECONOMIC REVIEW editorial board Harold H. Alderman, World Bank (retired) Caroline Freund, World Bank • Water Nationalization and Service Quality Chong-En Bai, Tsinghua University, China Paul Glewwe, University of Minnesota, USA Pranab K. Bardhan, University of California, Philip E. Keefer, World Bank Fernando Borraz, Nicolás González Pampillón, and Marcelo Olarreaga Berkeley, USA Norman V. Loayza, World Bank • Mass Media and Public Policy: Global Evidence from Agricultural Kaushik Basu, World Bank Jeremy Magruder, University of California, Policies Thorsten Beck, Tilburg University, Berkeley, USA Alessandro Olper and Johan Swinnen Netherlands William F. Maloney, World Bank Johannes van Biesebroeck, K.U. Leuven, David J. McKenzie, World Bank • Liability Structure in Small-Scale Finance: Evidence from a Natural Belgium Jaime de Melo, University of Geneva, Experiment Maureen Cropper, University of Maryland, Switzerland Fenella Carpena, Shawn Cole, Jeremy Shapiro, and Bilal Zia USA Ugo Panizza, UNCTAD Asli Demirgüç-Kunt, World Bank Nina Pavcnik, Dartmouth College, USA SYMPOSIUM ON FINANCIAL STRUCTURE AND DEVELOPMENT Jean-Jacques Dethier, World Bank Vijayendra Rao, World Bank Quy-Toan Do, World Bank Martin Ravallion, Georgetown University, • Financial Structure and Economic Development: A Reassessment Frédéric Docquier, Catholic University of USA Robert Cull, Asli Demirguc-Kunt, and Justin Yifu Lin Louvain, Belgium Jaime Saavedra-Chanduvi, World Bank Eliana La Ferrara, Università Bocconi, Italy Claudia Sepúlveda, World Bank • The Evolving Importance of Banks and Securities Markets Francisco H. G. Ferreira, World Bank Dominique Van De Walle, World Bank Asli Demirguc-Kunt, Erik Feyen, and Ross Levine Augustin Kwasi Fosu, United Nations Christopher M. Woodruff, University of University, WIDER, Finland California, San Diego, USA • Notes on Financial System Development and Political Intervention Fenghua Song and Anjan Thakor The World Bank Economic Review is a professional journal used for the dissemination of research in • Financial Development: Structure and Dynamics development economics broadly relevant to the development profession and to the World Bank in Augusto de la Torre, Erik Feyen, and Alain Ize pursuing its development mandate. It is directed to an international readership among economists and social scientists in government, business, international agencies, universities, and development research • Job Growth and Finance: Are Some Financial Institutions Better institutions. The Review seeks to provide the most current and best research in the field of quantita- Suited to the Early Stages of Development than Others? tive development policy analysis, emphasizing policy relevance and operational aspects of economics, Robert Cull and L. Colin Xu rather than primarily theoretical and methodological issues. Consistency with World Bank policy plays no role in the selection of articles. The Review is managed by one or two independent editors selected for their academic excellence in the field of development economics and policy.The editors are assisted by an editorial board composed in equal parts of scholars internal and external to the World Bank. World Bank staff and outside researchers are equally invited to submit their research papers to the Review. For more information, please visit the Web sites of the Economic Review at Oxford University Press at www.wber.oxfordjournals.org and at the World Bank at www.worldbank.org/research/journals. Instructions for authors wishing to submit articles are available online at www.wber.oxfordjournals.org. Please direct all editorial correspondence to the Editor at [email protected]. SUBSCRIPTIONS: A subscription to The World Bank Economic Review (ISSN 0258-6770) comprises 3 issues. Prices include postage; for subscribers outside the Americas, issues are sent air freight. Annual Subscription Rate (Volume 27, 3 Issues, 2013): Institutions—Print edition and site-wide online access: £184/ $277/E277, Print edition only: £169/$255/E254, Site-wide online access only: £154/$232/E231; Corporate—Print edition and site-wide online access: £277/$415/E415, Print edition only: £254/$381/E380, Site-wide online access only: £230/$346/E347; Personal—Print edition and individual online access: £45/$67/E67. US$ rate applies to US & Canada, EurosE applies to Europe, UK£ applies to UK and Rest of World. 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