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

Borrower Leakage from Costly Screening: Evidence from SME Lending in Peru

(Elsevier, 2021-11) Arraiz, Irani ; Bruhn, Miriam ; Roth, Benjamin N. ; Ruiz-Ortega, Claudia ; Stucchi, Rodolfo

We provide evidence that commercial lenders in Peru suffer leakages in their loan approval process. Leveraging a discontinuity in the loan approval process of a large bank, we find that receiving a loan approval from the bank causes loan applicants to receive offers from other financial institutions as well. Competing lenders captured almost three quarters of the new loans to previously financially excluded borrowers. Importantly, many of these borrowers never took a loan from our partner bank, even after our partner bank approved them. Lenders may therefore underinvest in screening new borrowers and expanding financial inclusion, as their competitors reap some of the benefit. Our results highlight that information spillovers between lenders may operate outside of credit registries.
Changing Pedagogy to Improve Skills in Preschools: Experimental Evidence from Peru

(Published by Oxford University Press on behalf of the World Bank, 2019-12-11) Gallego, Francisco A. ; Näslund-Hadley, Emma ; Alfonso, Mariana

Changing pedagogical practices is a promising, cost-effective avenue for improving education in developing countries, especially when done without changing current inputs such as teachers and instruction time. This article presents the results of a randomized evaluation of a program that aimed at changing the pedagogical approach used to teach the existing national mathematics curriculum. The program provides tools to regular preschool teachers to use an inquiry- and problem-based learning approach to tailor instruction to preschoolers in Peru. The results show an improvement of overall mathematics outcomes, which persist for some content areas even one year after the program ended. In contrast to results from previous research that suggest mathematics programs are biased along gender and socioeconomic lines, there is no evidence of differential effects by gender, language spoken at home, or proxies for socioeconomic status. Results also imply persistent stronger impacts on students whose teachers have university degrees.
Targeting Ultra-Poor Households in Honduras and Peru

(Published by Oxford University Press on behalf of the World Bank, 2019-02) Karlan, Dean ; Thuysbaert, Bram

For policy purposes, it is important to understand the relative efficacy of various methods to target the poor. Recently, participatory methods have received particular attention. We examine the effectiveness of a hybrid two-step process that combines a participatory wealth ranking and a verification household survey, relative to two proxy means tests (the Progress out of Poverty Index and a housing index), in Honduras and Peru. The methods we examine perform similarly by various metrics. They all identify most accurately the poorest and the wealthiest households but perform with mixed results among households in the middle of the distribution. Ultimately, given similar performance, the analysis suggests that costs should be the driving consideration in choosing across methods.
Land Values, Property Rights, and Home Ownership: Implications for Property Taxation in Peru

(Elsevier, 2017-12-30) Hawley, Zackary ; Miranda, Juan José ; Sawyer, W. Charles

This paper evaluates the effect of property rights on property values in Peru. Previous research on squatting has shed light on how the provision of formal land titles affects a number of socioeconomic outcomes and a subset of this research has provided estimates on how the provision of formal titles affects property values. However, the phenomenon of squatting encompasses a variety of informal property rights distinct from the possession of a legal title. Using an exceptionally rich household data set including geo-location at the community level we study the effects of both formal and informal property rights on property values. Having a title increases property values by almost 7 percent and squatting on the land by invasion reduces values by about 6 percent. Using these estimates, we determine the potential losses of property tax revenue and are able to study the issue of squatting in the context of public finance.
Particulate Matter and Labor Supply: The Role of Caregiving and Non-linearities

(Elsevier, 2017-11) Aragon, Fernando M. ; Miranda, Juan Jose ; Oliva, Paulina

This paper examines the effect of air pollution on labor supply in Lima, Peru. We focus on fine particulate matter (PM2.5), an important pollutant for health according to the medical literature, and show that moderate levels of pollution reduce hours worked for working adults. Our research design takes advantage of rich household panel data in labor outcomes to address omitted variables. This research design allows us to investigate whether the response to air pollution is non-linear. We find that the effect of moderate pollution levels on hours worked is concentrated among households with susceptible dependents, i.e., small children and elderly adults; while the highest concentrations affect all households. This suggests that caregiving is likely a mechanism linking air pollution to labor supply at moderate levels. We provide further evidence of this mechanism using data on children morbidity. Finally, we find no evidence of intra-household attenuation behavior. For instance, there is no re-allocation of labor across household members, and earnings decrease with air pollution.
Privatisation of Agricultural Advisory Services and Consequences for the Dairy Farmers in the Mantaro Valley, Peru

(Taylor and Francis, 2017-05-04) Faure, G. ; Huamanyauri, M.K. ; Salazar, I. ; Gomez, C. ; de Nys, E. ; Dulcire, M.

The private sector’s presence in agricultural advisory services worldwide has been on the increase for over three decades. This trend has also been observed in the Mantaro Valley (Peru), in a context of dairy family farming. The objective of the article is to analyse the modalities of advisory services privatization and assess the consequences of this privatization for the farmers and their livestock systems. The activity of private advisers is most often associated with the sale of livestock inputs which leads to an increase of production costs and does not take the overall producer needs into account. However, in line with the development of mobile phones, private advisory services are facilitating access to technical support for almost all producers. Public advisory services are less active and still focus on the use of inputs without adapting their services to the evolution of the advisory system.
Psychometrics as a Tool to Improve Credit Information

(Published by Oxford University Press on behalf of the World Bank, 2016-03-30) Arraiz, Irani ; Bruhn, Miriam ; Stucchi, Rodolfo

This paper studies the use of psychometric tests, designed by the Entrepreneurial Finance Lab (EFL), as a tool to screen out high credit risk and potentially increase access to credit for small business owners in Peru. We compare repayment behavior patterns across entrepreneurs who were offered a loan based on the traditional credit scoring method versus the EFL tool. We find that the psychometric test can lower the risk of the loan portfolio when used as a secondary screening mechanism for already banked entrepreneurs—that is, those with a credit history. The EFL tool can also allow lenders to offer credit to some unbanked entrepreneurs—that is, those without a credit history—who were rejected based on their traditional credit scores, without increasingthe risk of the portfolio.
Enabling Open Government

( 2011-09) Dokeniya, Anupama

Globally, increasingly vigilant and vocal civil society groups—important actors in the new multilateralism—are demanding that companies publish what they pay in revenues, aid agencies publish what they fund, and governments publish what they spend. These initiatives reflect a renewed and heightened focus on openness, transparency, and citizen participation in the discourse and practice of governance. This idea of open government stresses information sharing and participation, rather than discretion and secrecy, as foundations of good and effective governance.
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.
Helping Latin America Help Itself : South-South Cooperation as an Innovative Development Tool

( 2010-10) Cox, Pamela

Even before the massive earthquake struck Haiti early this year, the country was one of the biggest beneficiaries of South-South cooperation in the Americas. In fact, since 2004, the first UN peacekeeping mission made up mostly of South American forces has been serving in the beleaguered Caribbean nation.