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DISCUSSION PA... t...... DRD125 ABSTRACTS OF Public Disclosure Authorized DEVELOPHENT RESEARCH DEPARTMENT PUBLICATIONS: APRIL 1984 - APRIL 1985 .It" 1•• 1i ,. Public Disclosure Authorized Development Research Deoartm~nt Economics and Researc~ Staff \Jorld Bank The World Bank does not accept responsibility for the views expressed herein Public Disclosure Authorized which are those of the author(s) and should not t>e attributed to the World Bank or to its affiliated organizationa. The f1;~ding~i' interpretations, and conclusions ar~ the results of res~arch supporte~ by the Bank; they do not necessarily represent official policy of the Bank. The designations employed, thl" presentation of material, and any maps used in this docwcent are solely for the convenience of the reader and do not imply the expression of any opinion whatsoever on the part of the World Bank or i~s affiliates concerning the legal status of any country, territory, city, area, or of its authoritie6, or concerning the delimitations of lts boundaries. or nat1olla1 affil1at1.oll. ------------------------------------------- Public Disclosure Authorized , ' - . .. .",... "t • . Development Research Department Publications, April 1984 - April 1985 Contents This document is a compilation of abstracts pages of books and papers written by Development Research Department staff and consultants from April, 1984 to Books 1-4 April, 1985. The books and papers included are publicly available. By revie~ing the abstracts, readers can decide Journal Art ides 5-20 if they wish to obtain and read the summarized work. Other Publications 21-31 Copies of books, journal articles, Bank Staff Working Papers, alld other publications can be obtained Bank Staff Working Paper 32-41 through libraries, the usual commercial channels, or the Bank's hook store. Bank staff members can obtain copies ORO Discussion Papers 42-61 of ORD Discussion Papers from the Internal Documents Unit. People from outside the Bank should contact the Bank's Research Documents Center for Discussion Papers • ." ' Gregory K. ingram Director Development Research Department World Bank 1818 H Street N.W. Washington, D.C. 20433 . " . ~ ','. '" .. <$ . ." . • ,11 ,. ,.,. I' Books tla 1 ass a, B. Morocco: Industrial Incentives and Export World Bank Promotion. A World Bank Country Study Washington, D.C. pp. xxxi, 219 The volume analys~s the development of Horocco's manufacturing sector. It reviews the system of industrial incentives (particularly exchange rate, tariffs, quotas and export promotion measures), taxation and the financial sector. The report focusses on improving the effectiveness of import-substitution policies, export incentiVes and the mobilization and allocation of financial resources. Estimates of the economic and financial impact of the recommended changes in Morocco's system of incentives are provided in the report. Crowe, r., Brasil: Analise does Sistemos Financeiros ISHEC and Woria Bank Gelb, A. and Rio de Janeiro, 1985, pp. 216. Knight, P. Brazilian financial policies have had a: major impact on the evolution of the macroeconomy. This book analyses their evolution, and that of the financial system, from the reforms of the mid-1960's until the end of 1~83.The contribution of financial policies towards the increasing instability of t0e ma~roeconomy is also addressed. Uammert, A. and Modell i •. g Investments in the World Copper Sector University of Texas Press, S. Palaniappan Austin, Texas, 1985, pp. 136. The study presents a framework for analyzing future investment patterns in the copper mining, processing and semifabricating ind~strif!s on a worldwide context. The mixed integer programming models developed in the:book are used to carry out systematic investment analysis taking explicitly into Bccoun~ interdependencies among processing stages, determining the most efficient investment~ prqduction and shipment patterns in o~der to satisfy market requirements • .,. - . ' ' " . o . ..... ".. , . ' - 2 - Mitra, P., The Theory of Taxation for Developing Countries World Bank (D. Newbery and forthcomin~, 1986 N. Stern, eds.) ... ' The World Bank is increasingly called upon to offer policy advice to developing countries. These range from recommendations to implement substantial tax, tariff and public enterprise price reforms on the one hand to more or less continuous policy dialogue at the sectoral and project level, where the social profitability of specific projects may be quite sensitive to sectoral tax, tariff, or pricing reforms. The rapid development of the theory of public finance in l:he last decade has had a dramatic effect on the way such policy interventions are analyzed. The main theme of the book is to adapt recently developed theory for use in developing countries, which f~ce different constraints than those envisaged in the original theories. This has been done with considerable success, and demonstrated In a series of case studies within the book. It develops operational techniques which can be used to identify desirable tax reforms, using time series and cross-section conswmer bcdget data, input-output tables, and information on tax receipts. The contents in~lude a textbook exposition of the new theory, relating it to theclosely allied subject ~f social cot-benefit analysis; illustrations of the normal application of the th~ory to economywide tax reform; a definition of the range of the theory's applicab(lity and identification of the assumptions tha are most important in shaping policy advice; application of the theory to p~tpra. It'ax reform; and a discussion of taxes affec;ting factor markets and issues of development policy. The book also contains an extensive and rich research agenda of issues whose solutions would assist tax analysis. It was nev~r intended to solve these during the project, though s.ome progress haa been made on some of them. " . "7~ , ", . ~ '. ," - 3 - Pyatt, G. and Social Accounting Matrices: Washington, D.C. J. 1. Round A Basis for Planning The World Bank, 1985 (editors) ,It,. ,.,Ii IIThis volume is based on a selection of papers presented at a conference sponsored by the World Bank. An extensive introduction reviews the present stage of development of social accounting. The methodology af social accounting is discussed In Part 1, which begins with Ben King's paper: What is a SAM?, and includes two papers by the editors (one on regional accounting), and a paper by Alan Roe on flow of funds analysis. The country studies in Part II give a retrospective view of an early SAM, for Sri Lanka, and new matrices for Swaziland and Bostwana which involve some innovations. Part III then addresses multipliers and SAM based models. The first paper in this section, by Sir-Richard Stone, discusses the disaggregation of the household sector in the national accounts. This is illustrated, together with a full multiplier, by resulLs for the U.K. A paper by the editors is then followed by an extensive review of early fixed price and CGE models by Erik Thorbecke. The final paper, by Clive Bell and Shanta Devarajan, builds on their SAM-based study of the Muda RLver region in Malaysia in attempting a synthesis of semi-in-output and Little-Mirlees methods of cost benefit analysis. ," ' • '> , .' " '. I " I - ~ I' - 4 - Journals Balassa, B. Industrial Prot~ction in the Developed The World Economy Countries (with Carol Balassa) June 1984, pp. 179-196 World Bank Reprint No. 315 This paper reVlews recent changes in protection measures in the United States, the European Common Market, and Japan as regards their total trade as well as their trade with developing countries. The paper provides information on changes in tariffs and employs numerical indicators to gauge the scope and the restrictive effect of non-tariff barriers. Ba t ass i1, B. Adjustment Policies in Developing World Development Countries: A Reassessment September 1984, pp. 955-972 ORD Discussion Paper No. 78 World Bank Reprint No. 312 ." ' This paper analyses policy responses to external shocks by developing countries in the 1974-76 and 1979-81 periods. It is shown that outward-oriented economies relied largely on output-increasing policies of export promotion and import substi~ution to offset the balance-of-payments effects of external shocks in both periods and accepted a temporary decline in the rate of economic growtW in order to limit their external indebtedness. In turn, in~ard-oriented economies fafled to apply output-increasing policies of adjustment. They financed the bala~ce-cf-payments effects of external shocks by for~ign borr~~ing in the 1974-76 period, and'had FO take deflationary measures in 1979-81 as their increased indebtedness limited the po~sibi1ities for further borrowing. The policies applied led to subsstantially higher rates of economic growth in outward-oriented than in inward-oriented economies, 'with the differences in growth rates offsetting the differences in the size of exte~nal ~hocks several times. Ba ta s sa, B. Pr1r.es, Incentives, and Economic Growth Weltwirtschaftliches Ar~hiv, 1984(4), pp. 611-30 World Bank Reprint No. 339 This paper examines the economic effects of ' government directives and instructions in developed, developing, and soci~list countries. The paper reviews policy - imposed disto~tions in the product and factor markets of these countries and use~ available empiric~l evidence to establish the adverse effects of these distortions on resource allocation and economic growth. ...' . - • • . If ~ - 5 - Journals Hdld~~il, H. Trade and Trade Relations Between OECD Economic Studies Developed and Developing Countries: Autum.'1, 1984, pp. 7-25 The Decade Ahead World Bank Reprint No. 321 The paper reviews the trade policies applied by developed and by developing countries in the postwar period and examines the ~ffects of these policies0n trade between the two groups of countries. Emphasis i~ given to trade in manufactured goods, w"ich has been the most dynamic element of world trade. The possible interest of developed and developing countries in the liberalisation of their mutual trade is cl:amined, with a view to establishing a policy package for multilaLeral trade liberalisation.