Striving for Growth After Adjustment

Striving for Growth After Adjustment

Author: Luis Serven

Publisher: World Bank Publications

Published: 1993

Total Pages: 304

ISBN-13: 9780821324844

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This book presents the results of about three years of work finished in early 1992 in the area of private investment and macroeconomic adjustment. Its purpose is to explore the macroeconomic determinants of investment and the causes and cures for the gap between maroeconomic adjustment and stabilization and the resumption of economic growth in developing countries, a gap that even today - 10 years after the debt crisis and the subsequent adjustment of the eighties - remains wide. This volume highlights the central role of capital formation (public and private) in the restoration of sustainable growth.


Adjustment for Growth

Adjustment for Growth

Author: Mr.Michael T. Hadjimichael

Publisher: International Monetary Fund

Published: 1996-10-15

Total Pages: 100

ISBN-13: 9781557755667

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Over the past two decades, sub-Saharan Africa has lagged behind other regions in economic performance. The important overall indicators of performance, however, mask wide differences among countries. On the whole, countries that effectively implemented comprehensive adjustment and reform programs showed better results. Their experiences demonstrate that an expansion in private saving and investment is key to achieving gains in real per capita GDP. The four papers included in this publication provide a cross country analysis that assesses empirically the role of publlic policies in stimulating private saving and investment in the region in 1986-92 and describe the adjustment experiences of Ghana (1983-91), Senegal (1978-1993), and Uganda (1987-94).


Boom, Crisis, and Adjustment

Boom, Crisis, and Adjustment

Author: Ian Malcolm David Little

Publisher: World Bank Publications

Published: 1993

Total Pages: 470

ISBN-13: 9780195208917

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Boom, Crisis, and Adjustment reviews the macroeconomic experiences of eighteen developing countries from 1974 to 1989. The authors address why the experiences and policy reactions have differed among the countries, and how their individual growth rates were affected by these policy reactions.


Investment Policy in Russia

Investment Policy in Russia

Author: Philippe Le Houerou

Publisher: World Bank Publications

Published: 1995-01-01

Total Pages: 92

ISBN-13: 9780821332023

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Studies of Economies in Transformation No. 17.Redefines the role of government during the transition of Russia from a command economy to a market based economy.The role of government in investment financing is one of the major issues dominating public debate on economic policy in the former Soviet Union.This study describes and analyses recent investment trends, changes in structural patterns, and policies in Russia. The author examines five key aspects of economic policy and investment: price distortions; uncertainty; inflation; the legal, regulatory, and security framework; and the tax regime.The study also outlines the principles and major building blocks of a new market-based investment policy in the former Soviet Union, the scope of government-financed investment, and the management and instruments of that investment.Also available in Russian: (ISBN 0-8213-3564-2) Stock No. 13564.


Trends in Private Investment in Developing Countries

Trends in Private Investment in Developing Countries

Author: Stephen S. Everhart

Publisher: World Bank Publications

Published: 2001-01-01

Total Pages: 76

ISBN-13: 9780821350102

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La edicion de 2001 se centra en la relacion entre inversion publica e inversion privada. El foco de este a?o esta en la calidad de la inversion publica, de su interaccion con la corrupcion, y del impacto que resulta en la inversion privada.


Real Exchange Rate Uncertainty and Private Investment in Developing Countries

Real Exchange Rate Uncertainty and Private Investment in Developing Countries

Author: Luis Servén

Publisher: World Bank Publications

Published: 2002

Total Pages: 24

ISBN-13:

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Serven examines empirically the link between real exchange rate uncertainty and private investment in developing countries using a large cross country-time series data set. He builds a GARCH-based measure of real exchange rate volatility and finds that it has a strong negative impact on investment, after controlling for other standard investment determinants and taking into account their potential endogeneity. The impact of uncertainty is not uniform, however. There is some evidence of threshold effects, so that uncertainty only matters when it exceeds some critical level. In addition, the negative impact of real exchange rate uncertainty on investment is significantly larger in economies that are highly open and in those with less developed financial systems.


The Democracy Sourcebook

The Democracy Sourcebook

Author: Robert A. Dahl

Publisher: MIT Press

Published: 2003-08-15

Total Pages: 580

ISBN-13: 9780262541473

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The Democracy Sourcebook offers a collection of classic writings and contemporary scholarship on democracy, creating a book that can be used by undergraduate and graduate students in a wide variety of courses, including American politics, international relations, comparative politics, and political philosophy. The editors have chosen substantial excerpts from the essential theorists of the past, including Jean-Jacques Rousseau, John Stuart Mill, Alexis de Tocqueville, and the authors of The Federalist Papers; they place them side by side with the work of such influential modern scholars as Joseph Schumpeter, Adam Przeworski, Seymour Martin Lipset, Samuel P. Huntington, Ronald Dworkin, and Amartya Sen. The book is divided into nine self-contained chapters: "Defining Democracy," which discusses procedural, deliberative, and substantive democracy; "Sources of Democracy," on why democracy exists in some countries and not in others; "Democracy, Culture, and Society," about cultural and sociological preconditions for democracy; "Democracy and Constitutionalism," which focuses on the importance of independent courts and a bill of rights; "Presidentialism versus Parliamentarianism"; "Representation," discussing which is the fairest system of democratic accountability; "Interest Groups"; "Democracy's Effects," an examination of the effect of democracy on economic growth and social inequality; and finally, "Democracy and the Global Order" discusses the effects of democracy on international relations, including the propensity for war and the erosion of national sovereignty by transnational forces.


Comparative Development Experiences of Sub-Saharan Africa and East Asia

Comparative Development Experiences of Sub-Saharan Africa and East Asia

Author: Ernest Aryeetey

Publisher: Routledge

Published: 2017-11-01

Total Pages: 733

ISBN-13: 1351773674

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Title first publishedin 2003. This comprehensive book focuses on the prevailing conditions in Asia and Africa under various macroeconomic and sectoral themes in order to provide in depth explanations for the divergent development experiences of the two regions. Seeking to go further than the simple comparison of policies, the book carefully examines the institutional context for policy implementation within which growth and development have proceeded in the regions.


Financial Liberalization, Credit Constraints, and Collateral

Financial Liberalization, Credit Constraints, and Collateral

Author: Mr.R. Gelos

Publisher: International Monetary Fund

Published: 1999-03-01

Total Pages: 42

ISBN-13: 1451844247

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This paper examines the impact of financial liberalization on fixed investment in Mexico, using establishment-level data from the manufacturing sector. It analyzes changes in cash-flow sensitivities and uses an innovative approach to explore the role of real estate as collateral and deal with a potential censoring problem. The results suggest that financial constraints were eased for small firms but not for large ones. However, banks’ reliance on collateral in their lending operations increased the importance of real estate. The results provide microeconomic evidence consistent with the role attributed to “financial accelerator” mechanisms during lending booms and during recessions that stem from financial crises.


Hungary: Towards a Market Economy

Hungary: Towards a Market Economy

Author: László Halpern

Publisher: Cambridge University Press

Published: 1998-09-17

Total Pages: 418

ISBN-13: 9780521630689

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A comprehensive assessment of the Hungarian economy, first published in 1998.