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 - 5 of 5

Privatization in Developing Countries: What Are the Lessons of Recent Experience?

(Published by Oxford University Press on behalf of the World Bank, 2018-02-01) Estrin, Saul ; Pelletier, Adeline

This paper reviews the recent empirical evidence on privatization in developing countries, with particular emphasis on new areas of research such as the distributional impacts of privatization. Overall, the literature now reflects a more cautious and nuanced evaluation of privatization. Thus, private ownership alone is no longer argued to automatically generate economic gains in developing economies; pre-conditions (especially the regulatory infrastructure) and an appropriate process of privatization are important for attaining a positive impact. These comprise a list which is often challenging in developing countries: well-designed and sequenced reforms; the implementation of complementary policies; the creation of regulatory capacity; attention to poverty and social impacts; and strong public communication. Even so, the studies do identify the scope for efficiency-enhancing privatization that also promotes equity in developing countries.
Remittances and Vulnerability in Developing Countries

(Published by Oxford University Press on behalf of the World Bank, 2017-02) Bettin, Giulia ; Presbitero, Andrea F. ; Spatafora, Nikola L.

This paper examines how international remittances are affected by structural characteristics, macroeconomic conditions, and adverse shocks in recipient economies. We exploit a novel, rich panel data set, covering bilateral remittances from 103 Italian provinces to seventy-nine developing countries over the period 2005–2011. We find that remittances are negatively correlated with the business cycle in recipient countries and in particular increase in response to adverse exogenous shocks, such as large terms-of-trade declines. This effect is stronger where the migrant communities have a larger share of newly arrived migrants. Finally, we show that recipient-country financial development is negatively associated with remittances, suggesting that remittances help alleviate credit constraints.
Decentralization of Health and Education in Developing Countries: A Quality-Adjusted Review of the Empirical Literature

(Published by Oxford University Press on behalf of the World Bank, 2016-08) Channa, Anila ; Faguet, Jean-Paul

We review empirical evidence on the ability of decentralization to enhance preference matching and technical efficiency in the provision of health and education in developing countries. Many influential surveys have found that the empirical evidence of decentralization's effects on service delivery is weak, incomplete, and often contradictory. Our own unweighted reading of the literature concurs. However, when we organize quantitative evidence first by substantive theme, and then—crucially—by empirical quality and the credibility of its identification strategy, clear patterns emerge. Higher-quality evidence indicates that decentralization increases technical efficiency across a variety of public services, from student test scores to infant mortality rates. Decentralization also improves preference matching in education, and can do so in health under certain conditions, although there is less evidence for both. We discuss individual studies in some detail. Weighting by quality is especially important when quantitative evidence informs policy-making. Firmer conclusions will require an increased focus on research design, and a deeper examination into the prerequisites and mechanisms of successful reforms.
The Price Is Not Always Right: On the Impacts of Commodity Prices on Households (and Countries)

(Published by Oxford University Press on behalf of the World Bank, 2016-02) Lederman, Daniel ; Porto, Guido

This paper provides an overview of the impact that one-time changes in commodity and other prices have on household welfare. It begins with a collection of stylized facts related to commodities based on household survey data from Latin America and Africa. The data uncovers strong commodity dependence on both regions: households typically allocate a large fraction of their budget to commodities, and they often also depend on commodities to earn their income. This income and expenditure dependency suggests sizable impacts and adjustments following commodity price shocks. The article explores these effects with a review of the relevant literature. The authors study consumption and income responses, labor market responses, and spillovers across sectors. The paper provides evidence on the relative magnitudes of various mechanisms through which commodity prices affect household (and national) welfare in developing economies. Commodity price changes, Poverty and welfare impacts, Net consumers and net producers.
Producing Home Grown Solutions : Think Tanks and Knowledge Networks in International Development

( 2011-09) Datta, Ajoy ; Young, John

Mainstream international development discourse has long heralded the importance of home grown solutions and national ownership of development policies. Ownership has been seen as the missing link between the significant development aid inflows from the North and poverty reduction outcomes in the South. You only have to look to international agreements such the 2002 Monterrey Consensus or the2005 Paris Declaration for evidence of this.