Person:
Kraay, Aart

Development Research Group, The World Bank
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Fields of Specialization
Macroeconomics, Debt management, Economic growth, Inequality and shared prosperity
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Development Research Group, The World Bank
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Last updated: January 31, 2023
Biography
Aart Kraay is Director of Research in the Development Research Group at the World Bank. He joined the World Bank in 1995 after earning a Ph.D. in economics from Harvard University (1995), and a B.Sc. in economics from the University of Toronto (1990). His research interests include international capital movements, growth and inequality, governance, and the Chinese economy. His research on these topics has been published in scholarly journals such as the Quarterly Journal of Economics, the Review of Economics and Statistics, the Economic Journal, the Journal of Monetary Economics, the Journal of International Economics, and the Journal of the European Economic Association. He is an associate editor of the Journal of Development Economics, and co-editor of the World Bank Economic Review. He has also held visiting positions at the International Monetary Fund and the Sloan School of Management at MIT, and has taught at the School of Advanced International Studies at Johns Hopkins University.
Citations 714 Scopus

Publication Search Results

Now showing 1 - 2 of 2
  • Publication
    Does Respondent Reticence Affect the Results of Corruption Surveys? Evidence from the World Bank Enterprise Survey for Nigeria
    (2010-09-01) Clausen, Bianca; Kraay, Aart; Murrell, Peter
    A potential concern with survey-based data on corruption is that respondents may not be fully candid in their responses to sensitive questions. If reticent respondents are less likely to admit to involvement in corrupt acts, and if the proportion of reticent respondents varies across groups of interest, comparisons of reported corruption across those groups can be misleading. This paper implements a variant on random response techniques that allows for identification of reticent respondents in the World Bank s Enterprise Survey for Nigeria fielded in 2008 and 2009. The authors find that 13.1 percent of respondents are highly likely to be reticent, and that these reticent respondents admit to sensitive acts at a significantly lower rate than possibly candid respondents when survey questions are worded in a way that implies personal wrongdoing on the part of the respondent.
  • Publication
    Measuring Corruption : Myths and Realities
    (World Bank, Washington, DC, 2007-04) Kaufmann, Daniel; Kraay, Aart; Mastruzzi, Massimo
    The report points out that over the past decade measuring corruption has become an ever-growing empirical field. This empirical analysis questions the traditional notion of viewing the firm as an 'investment climate taker' and thus ignoring the view that powerful conglomerates can also shape the business climate and thus become 'investment climate makers'. The study implies that it is warranted to move away from simply blaming government officials for prevailing corruption, and to question the value of popular initiatives such as voluntary-and often un-monitorable-codes of conduct. In this report, some popular notions are espoused, which either lack clarity or are not backed up by rigorous analysis or evidence. In this article the authors highlight some of the main issues in these debates, in the form of seven myths and their associated realities, and conclude by also pointing to some brief implications for the private sector role in fighting corruption.