03. Journals

2,963 items available

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http://hdl.handle.net/10986/2210

These are journal articles published in World Bank journals as well as externally by World Bank authors.

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Now showing 1 - 10 of 14

Evolving Wage Cyclicality in Latin America

(Published by Oxford University Press on behalf of the World Bank, 2018-10) Gambeti, Luca ; Messina, Julian

This paper examines the evolution of the cyclicality of real wages and employment in four Latin American economies, Brazil, Chile, Colombia, and Mexico, during the period 1980–2010.Wages were highly procyclical during the 1980s and early 1990s, a period characterized by high inflation. As inflation declined wages became less procyclical, a feature that is consistent with emerging downward wage rigidities in a low inflation environment. Compositional effects associated with changes in labor participation along the business cycle appear to matter less for estimates of wage cyclicality than in developed economies.
Global Supply Chains and Trade Policy Responses to the 2008 Crisis

(Oxford University Press on behalf of the World Bank, 2015-01) Gawande, Kishore ; Hoekman, Bernard ; Cui, Yue

The collapse in trade and the contraction of output that occurred during 2008–9 was comparable to, and in many countries more severe than, the Great Depression of the 1930s. However, it did not give rise to the rampant protectionism that followed the Great Crash. The idea that the rise in the fragmentation of production across global value chains – vertical specialization – may be a deterrent against protectionism is underappreciated in the literature. Institutions also played a role in limiting the extent of protectionist responses. World Trade Organization discipline raises the cost of using trade policies for member countries and has proved to be a stable foundation for the open multilateral trading system that has been built over the past 50 years. Using trade and protection data for seven large emerging market countries that have a history of active use of trade policy, the influence of these and other factors on trade policy responses to the 2008 crisis are empirically examined. An instrumental variables strategy is used to identify their impact. Participation in global value chains is found to be a powerful economic factor determining trade policy responses.
Managing Rural Landscapes in the Context of a Changing Climate

(Taylor and Francis, 2014-08-08) Kutter, Andrea ; Westby, Leon Dwight

Global competition for natural resources is intense and the supply of those resources is increasingly more constrained by climate variability and change. Governments and international development agencies have the dual responsibility to meet the socioeconomic needs of the poorest and most vulnerable people while preserving and enhancing their natural capital. These responsibilities often are at odds with each other and different stakeholder groups have prioritized one over the other. This paper suggests that the landscape approach provides a solution for stakeholders to achieve climate change mitigation, adaptation, and poverty reduction goals, though not without some trade-offs.
Income and Beyond: Multidimensional Poverty in Six Latin American Countries

(Springer Netherlands, 2013-06) Battiston, Diego ; Cruces, Guillermo ; López-Calva, Luis F. ; Lugo, Maria Ana ; Santos, Maria Emma

This paper studies multidimensional poverty for Argentina, Brazil, Chile, El Salvador, Mexico and Uruguay for the period 1992–2006. The approach overcomes the limitations of the two traditional methods of poverty analysis in Latin America (income-based and unmet basic needs) by combining income with five other dimensions: school attendance for children, education of the household head, sanitation, water and shelter. The results allow a fuller understanding of the evolution of poverty in the selected countries. Over the study period, El Salvador, Brazil, Mexico and Chile experienced significant reductions in multidimensional poverty. In contrast, in urban Uruguay there was a small reduction in multidimensional poverty, while in urban Argentina the estimates did not change significantly. El Salvador, Brazil and Mexico, and rural areas of Chile display significantly higher and more simultaneous deprivations than urban areas of Argentina, Chile and Uruguay. In all countries, deprivation in access to proper sanitation and education of the household head are the highest contributors to overall multidimensional poverty.
Are The Poverty Effects of Trade Policies Invisible?

(World Bank, 2011-05-31) Verma, Monika ; Hertel, Thomas W. ; Valenzuela, Ernesto

Beginning with the WTO's Doha Development Agenda and establishment of the Millennium Development Goal of reducing poverty by 50 percent by 2015, poverty impacts of trade reforms have become central to the global development agenda. This has been particularly true of agricultural trade reforms due to the importance of grains in the diets of the poor, presence of relatively higher protection in agriculture, as well as heavy concentration of global poverty in rural areas where agriculture is the main source of income. Yet some in this debate have argued that, given the extreme volatility in agricultural commodity markets, the additional price and therefore poverty impacts due to trade liberalization might well be indiscernible. This paper formally tests the “invisibility hypothesis” using the method of stochastic simulation in a trade-poverty modeling framework. The hypothesis test is based on the comparison of two samples of price and poverty distributions. The first originates solely from the inherent variability in global staple grains markets, while the second combines the effects of inherent market variability with those of trade reform in these same markets. Results, at the national and stratum level indicate that the short-run poverty impacts of full trade liberalization in staple grains trade worldwide, are distinguishable in only four of the fifteen countries, suggesting that impacts of more modest agricultural trade reforms are indeed likely to be invisible in short run. Countries that show statistically significant short run impacts are the ones characterized by high staple grains tariffs and/or a moderate degree of grain markets variability. Within each country, results are heterogeneous. In two thirds of the sample countries, agriculturally self-employed poor experience statistically significant poverty impacts from trade liberalization. However, this figure is under a third for all the other strata.
Cities on the Prowl

( 2011-04) Campbell, Tim

Cities in the modern world are beginning to share some features with the city-states of millennia past. Now, as then, cities are important, even critical, to economic development. Unlike the walled cities that harbored flourishing trade in medieval Europe, today, cities by the thousands all around the world are looking outward in search not of silk and spices, but rather sources of finance, global talent, and most of all, good ideas. But the search for knowledge isn't always easy.
South Meets South : Enriching the Development Menu

( 2010-10) Maruri, Enrique ; Fraeters, Han

African countries, like Nigeria, with an emerging information technology (IT) industry, are examples of how globalization has opened up vast new opportunities. Information technology and business process outsourcing is a multibillion dollar talent-driven industry with a market that is still untapped. Africa is keen on exploring this new frontier which has the potential to create thousands of quality jobs for its young people. But to do so, it must nurture the right skills. Where can these be found?
The Bogotá Spirit : South-South Peers and Partners at the Practice-Policy Nexus

( 2010-10) Schulz, Nils-Sjard

On a warm evening in late March of this year, more than 500 enthusiastic delegates from around the world poured out of the Chamber of Commerce building in Bogot�, with a shared vision that South-South cooperation would reshape today�s development cooperation landscape. Despite the Colombian capital�s dizzying altitude of 2,800 meters, their zeal for effective South-South knowledge exchange and mutual learning left the participants of the Bogot� High Level Event on South-South cooperation and Capacity Development clear headed and with a long list of ideas, projects and plans, for their countries and regions, and for their multilateral, parliamentary, civil society, and research organizations.
Triangular Cooperation : Opportunities, Risks, and Conditions for Effectiveness

( 2010-10) Ashoff, Guido

Triangular cooperation is a relatively recent mode of development cooperation. It normally involves a traditional donor from the ranks of the OECD's Development Assistance Committee (DAC), an emerging donor in the South, and a beneficiary country in the South. It has received increasing international attention because of particular advantages it is said to provide. At the same time, it poses several risks that could further complicate international development cooperation. To make full use of its potential, it is important to conceive it as a learning process, to identify the interests of the three parties involved, and to apply the internationally agreed principles of aid effectiveness. When these principles are applied, triangular cooperation can enrich international development cooperation.
Informal Self-Employment and Macroeconomic Fluctuations

( 2010) Fiess, Norbert M. ; Fugazza, Marco ; Maloney, William F.

Informal self-employment is a major source of employment in developing countries. Its cyclical behavior is important to our understanding of the functioning of LDC labor markets, but turns out to be surprisingly complex. We develop a flexible model with two sectors: a formal salaried (tradable) sector that may be affected by wage rigidities, and an informal (non tradable) self-employment sector faced with liquidity constraints to entry. This labor market is then embedded in a standard small economy macro model. We show that different types of shocks interact with different institutional contexts to produce distinct patterns of comovement between key variables of the model: relative salaried/self-employed incomes, relative salaried/self-employed sector sizes and the real exchange rate. Model predictions are then tested empirically for Argentina, Brazil, Colombia, and Mexico. We confirm episodes where the expansion of informal self-employment is consistent with the traditional segmentation views of informality. However, we also identify episodes where informal self-employment behaves "pro-cyclically"; here, informality is driven by relative demand or productivity shocks to the non tradable sector.