Publication:
Optimizing Finance for Development

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dc.contributor.authorCordella, Tito
dc.date.accessioned2018-01-31T20:12:38Z
dc.date.available2018-01-31T20:12:38Z
dc.date.issued2018-01
dc.description.abstractThe World Bank Group recently adopted the "cascade framework" to "maximize finance for development." The cascade recommends that reforms be tried first, followed by subsidies, and then public investments. To understand the economics of the cascade, this paper presents a model where reforms, subsidies, and public investments can be used to fill the investment gap, and computes the welfare associated with their different sequencing. The cascade is optimal when reforms increase efficiency at no cost. When they are costly, if policies can be project specific, their sequencing does not matter; if not, the cascade can be optimal if agents are myopic, but not if they are forward-looking. Tensions may thus arise between maximizing private financing and optimizing financing for development.en
dc.identifierhttp://documents.worldbank.org/curated/en/859191517234026362/Optimizing-finance-for-development
dc.identifier.doi10.1596/1813-9450-8320
dc.identifier.urihttps://hdl.handle.net/10986/29286
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 8320
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectCASCADE FRAMEWORK
dc.subjectFINANCE
dc.subjectDEVELOPMENT AID
dc.subjectGOVERNANCE
dc.subjectSUBSIDIES
dc.subjectPUBLIC INVESTMENT
dc.subjectREFORMS
dc.subjectPUBLIC SECTOR MANAGEMENT
dc.titleOptimizing Finance for Developmenten
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleOptimizing Finance for Development
okr.date.disclosure2018-01-29
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/859191517234026362/Optimizing-finance-for-development
okr.guid859191517234026362
okr.identifier.doi10.1596/1813-9450-8320
okr.identifier.externaldocumentum090224b0855c9cb4_1_0
okr.identifier.internaldocumentum29543418
okr.identifier.reportWPS8320
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/859191517234026362/pdf/WPS8320.pdfen
okr.statistics.combined4479
okr.statistics.dr859191517234026362
okr.statistics.drstats4004
okr.topicPublic Sector Development::Public Sector Economics
okr.topicPublic Sector Development::Public Sector Management and Reform
okr.topicFinance and Financial Sector Development::Finance and Development
okr.topicGovernance::Governance and the Financial Sector
okr.topicGovernance::International Governmental Organizations
okr.topicGovernance::National Governance
okr.topicMacroeconomics and Economic Growth::Development Economics & Aid Effectiveness
okr.topicMacroeconomics and Economic Growth::Taxation & Subsidies
okr.unitStrategy and Operations Team, Development Economics Vice Presidency
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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