Research Papers:

International Development


Development

The weightless economy in economic development
Quah, D. (1999)

Unlocking Economic Growth in Russia
McKinsey Global Institute (1999)

Emerging Equity Markets and Economic Development
Bekaert, G., C.R. Harvey & C. Lundblad (2000)

Culture and Development
Sen, A. (2000)

History Matters: Economic Growth, Technology, and Population   CONFERENCE VOLUME
Various Authors (2000)

Richer or Poorer? Achievements and challenges for ethical trade
Barrientos, S. & M. Blowfield (2001)

Finance for Growth: Policy Choices in a Volatile World
Caprio, G. and P. Honohan (2001)

An Economic and Social Security Council at the United Nations   Acrobat Required
Stewart, F. & S. Daws (2001)

The end of the developmental state? A general equilibrium investigation on the sources of the Asian crisis within a multi-region, inter-temporal CGE model   Acrobat Required
Adelman, I. & Yeldan, A.E. (2001)

Market economics in Africa: a different ball game?
Fafchamps, M. (2001)

Hard currency and financial development   Acrobat Required
Goldfajn, I. & R. Rigobon (2001)

Growth or Stagnation? The Role of Public Education
Beauchemin, K. (2001)

Human Development Report 2001: Making Technologies Work for Human Development   Recommended!
UNDP (2001)

Abstract: Technology networks are transforming the traditional map of development, expanding people's horizons and creating the potential to realize in a decade progress that required generations in the past.

Resource Curse or Debt Overhang?
Manzano, O. & R. Rigobon (2001)

Human Capital and Growth: The Recovered Role of Education Systems
Dessus, S. (2001)

Beyond Balanced Growth
Kongsamut, P., D. Xie, & S. Rebelo (2001)

Flushing away arid theories: a reality check on the water debate
Mehta, L. (2001)

"Big Bang" Versus Gradualism in Economic Reforms: An Intertemporal Analysis with an Application to China
Feltenstein, A & S.M. Nsouli (2001)

Promoting Fair Tax Competition
Owens, J. & R.M. Hammer (2001)

Who Can Explain the Mauritian Miracle: Meade, Romer, Sachs, or Rodrik?
Subramanian, A. & D. Roy (2001)

The Role of Social Capital in Financial Development   Acrobat Required
Guiso, L., P. Sapienza & L. Zingales (2001)

Does Financial Activity Cause Economic Growth?
Graff, M. (2001)

Middle-Income Countries: Development Challenges and Growing Global Role
Fallon, P., V. Hon, Z. Qureshi & D. Ratha (2001)

Asian Development Outlook 2001   Recommended!   Acrobat Required
Asian Development Bank (2001)

Abstract: Notwithstanding the less hospitable external environment, the Asian Development Outlook (ADO) 2001 is cautiously optimistic that the prospects for the Asian and Pacific region remain moderate and will improve by 2002. However, there are significant challenges that the region has to address including taking appropriate policies to: maintain stable macroeconomy, promote prudent financial policies, adopt sound regulatory practices. There are also significant downside risks in the near-term outlook if the global slowdown persists.

The Provision of Public Housing in Singapore
UNDP (2001)

Reserve Adequacy in Emerging Market Economics
Wijnholds, O.B.J. & A. Kapteyn (2001)

Aid, Shocks, and Growth
Collier, P. & J. Dehn (2001)

Financial Development and Financing Constraints: International Evidence from the Structural Investment Model
Love, I. (2001)

Foreign Bank Entry: Experience, Implications for Developing Countries, and Agenda for Further Research
Clarke, G., R. Cull, M.S.M. Peria & S.M. Sánchez (2001)

International Spillovers and Water Quality in Rivers: Do Countries Free Ride?
Sigman, H. (2001)

Tiger tactics? Should governments intervene?
Lall, S. (2001)

Development, Trade and Migration   Acrobat Required
Faini, R. (2001)

Financial Structure and Economic Growth: A Cross-Country Comparison of Banks, Markets, and Development   Recommended!
Demirguc-Kunt, A. & R. Levine (eds) (2002)

Abstract: This is the first broad cross-country assessment of the ties between financial structure--the mix of financial instruments, institutions, and markets in a given economy--and economic growth since Raymond Goldsmith’s 1969 landmark study. Most studies focus on developed countries and compare bank-based and market-based systems. Debates over the relative merits of the two systems have relied on case studies of Germany, Japan, the United Kingdom, and the United States, countries with similar long-run growth rates. The absence of data on developing countries limits the usefulness of such studies for policy makers. The book contains recently acquired cross-country data from almost 150 countries. It includes information on the size, efficiency, and activity of banks, insurance companies, pension and mutual funds, finance companies, and stock and bond markets. It also incorporates information on each country’s political, economic, and social environment. The chapters contain a mix of case studies, cross-country studies, macro- and micro-oriented approaches, and analytical and empirical work. The conclusions point not to markets versus banks, but to markets and banks. It is how well a financial system functions that is critical for long-run economic growth. The research suggests that strong legal rights for outside investors and the overall efficiency of contract enforcement are effective tools for developing the financial sector and the economy.

Economic Development and the World Trade Organization After Doha
Hoekman, B. (2002)

The Health of Nations: The Contribution of Improved Health to Living Standards
Nordhaus, W.D. (2002)

Goals for Development: History, Prospects, and Costs   SURVEY PAPER
Devarajan, S., M.J. Miller & E.V. Swanson (2002)

World Development Report 2003: Sustainable Development in a Dynamic Economy
World Bank (2002)

Real Exchange Rate Uncertainty and Private Investment in Developing Countries
Serven, L. (2002)

Least Developed Countries Report 2002: Escaping the Poverty Trap
UNCTAD (2002)

Does Exchange Rate Policy Matter for Growth?   Adobe Acrobat Required!
Bailliu, J., R. Lafrance & J.F. Perrault (2002)

Local Currency as a Development Strategy   Adobe Acrobat Required!
Jayaraman, R. & M. Oak (2002)

Sustainable Development in a Dynamic World
World Development Report 2003 (World Bank) (2002)

Signing up to globalisation: assessing trends in developing country trade
Page, S. (2002)

The Speed of Adjustment and the Sequencing of Economic Reforms: Issues and Guidelines for Policymakers
Nsouli, S.M., M.R. Rached & N. Funke (2002)

International Financial Integration and Economic Growth
Edison, H., R. Levine, L.A. Ricci & T.M. Slok (2002)

Human Development Report 2002: Deepening Democracy in a Fragmented World   Recommended!
UNDP (2002)

Abstract: Politics matter for human development. Reducing poverty depends as much on whether poor people have political power as on their opportunities for economic progress. Democracy has proven to be the system of governance most capable of mediating and preventing conflict and of securing and sustaining well-being. By expanding people's choices about how and by whom they are governed, democracy brings principles of participation and accountability to the process of human development.

Institutions Rule: The Primacy of Institutions over Geography and Integration in Economic Development
Rodrik, D., A. Subramanian & F. Trebbi (2002)

Historical Perspectives on Financial Development and Economic Growth
Rousseau, P.L. (2002)

Institutions Rule: The Primacy of Institutions over Integration and Geography in Economic Development   Recommended!
Rodrik, D., A. Subramanian, & F. Trebbi (2002)

Abstract: We estimate the respective contributions of institutions, geography, and trade in determining income levels around the world, using recently developed instruments for institutions and trade. Our results indicate that the quality of institutions trumps' everything else. Once institutions are controlled for, measures of geography have at best weak direct effects on incomes, although they have a strong indirect effect by influencing the quality of institutions. Similarly, once institutions are controlled for, trade is almost always insignificant, and often enters the income equation with the wrong' (i.e., negative) sign, although trade too has a positive effect on institutional quality. We relate our results to recent literature, and where differences exist, trace their origins to choices on samples, specification, and instrumentation.

Climate Change Policy After Kyoto: A Blueprint for a Realistic Approach
McKibbin, W.J. & P. Wilcoxen (2002)

Dynamic Development: Innovation and Inclusion
Stern, N. (2002)

Capital Account Openness and the Varieties of Growth Experience
Klein, M.W. (2003)

Neoclassical Growth and Commodity Trade Adobe Acrobat Required
Cunat, A. & M. Maffezzoli (2003)

Trade, Growth, and Poverty: A Selective Survey Recommended!   SURVEY PAPER
Berg, A. & A.O. Krueger (2003)

Abstract: This survey of the recent literature asks: how important is trade policy for poverty reduction? We consider the effects of openness on poverty in two components: the effect of openness on average income growth, and the effect on distribution for a given growth rate. Evidence from a variety of sources (cross-country and panel growth regressions, industry and firm-level research, and case studies) supports the view that trade openness contributes greatly to growth. Moreover, trade openness does not have systematic effects on the poor beyond its effect on overall growth. Trade policy is only one of many determinants of growth and poverty reduction. Trade openness has important positive spillovers on other aspects of reform, however, so that the correlation of trade with other pro-reform policies speaks to the advantages of making openness a primary part of the reform package.

The Global Governance of Trade As If Development Really Mattered   Recommended!   Acrobat Required
Rodrik, D. (2003)

Abstract: This paper presents an alternative account of economic development, one which questions the centrality of trade and trade policy and emphasizes instead the critical role of domestic institutional innovations. It argues that economic growth is rarely sparked by imported blueprints and opening up the economy is hardly ever critical at the outset. Initial reforms instead tend to combine unconventional institutional innovations with some elements from the orthodox recipe. They are country - specific, based on local knowledge and experimentation. They are targeted to domestic investors and tailored to domestic institutional realities. The paper makes the case for a reorientation , arguing that developing countries are short - changing themselves when they focus their complaints on specific asymmetries in market access (tariff peaks against developing country exports, industrial country protection in agriculture and textiles, etc. ). They would be better served by pressing for changes that enshrine development at the top of the WTO agenda, and thereby provide them with a better mix of enhanced market access and room to pursue appropriate development strategies.

The Multilateral Trading System: A Development Perspective   Acrobat Required
Third World Network (2003)

Short-Run Pain, Long-Run Gain: The Effects of Financial Liberalization
Kaminsky, G. & S. Schmukler (2003)

Openness and Growth: What's the Empirical Relationship?
Baldwin, R. (2003)

Trade Facilitation and Economic Development: Measuring the Impact
Mann, C., T. Otsuki & J.S. Wilson (2003)

Institutions, Trade, and Growth: Revisiting the Evidence
Dollar, D. & A. Kraay (2003)

Religion and Economic Growth
Barro, R.J. & R. McCleary (2003)

The Millennium Development Goals, Capacity Building, and the Role of the IMF
Hakura, D. & S.M. Tsouli (2003)

Human Development Report 2003: Millennium Development Goals: A compact among nations to end human poverty   Recommended!
UNDP (2003)

Abstract: The range of human development in the world is vast and uneven, with astounding progress in some areas amidst stagnation and dismal decline in others. Balance and stability in the world will require the commitment of all nations, rich and poor, and a global development compact to extend the wealth of possibilities to all people.

New Data, New doubts: A Comment on Burnside and Dollar's "Aid, Policies, and Growth" (2000)
Easterly, W., R. Levine & D. Roodman (2003)

An Empirical Reassessment of the Relationship between Finance and Growth   Acrobat Required
Favara, G. (2003)

Trade openness and economic growth: a cross-country empirical investigation   ScienceDirect Required
Yanikkaya, H. (2003)

The Future of Domestic Capital Markets in Developing Countries   Recommended!   CONFERENCE VOLUME
Litan, R., M. Pomerleano & V. Sundararajan (editors) (2003)

Abstract: The Future of Domestic Capital Markets in Developing Countries addresses the challenges that countries face as they develop and strengthen capital markets. Based on input from the world’s most prominent capital market experts and leading policymakers in developing countries, this volume represents the latest thinking in capital market development. It captures the views of a global gathering of experts, with perspectives from developing and developed countries, from all regions of the world, from the public and private sector. This volume should be of interest to senior financial sector policymakers from developed and developing countries in securities and exchange commissions, regulators, central banks, ministries of finance, and monetary authorities; private sector executives in stock exchanges, bond markets, venture capital markets, and investment funds; and researchers and academicians with an interest in capital market development in emerging markets.

FDI Spillovers, Financial Markets and Economic Development
Alfaro, L., A. Chanda, S. Kalemli-Ozcan & S. Sayek (2003)

Global economic prospects 2004: realising the development promise of the Doha agenda
World Bank (2003)

Growth Strategies
Rodrik, D. (2003)

World Development Report: Making Services Work For Poor People
World Development Report 2004 (World Bank) (2003)

World Development Report: Investment Climate, Growth and Poverty
World Development Report 2005 (World Bank) (2004)

Self-serving dictators and economic growth   Acrobat Required
Sadrieh, A., D. Haile & H.A.A. Verbon (2003)

Political Instability and Growth in Dictatorships   Acrobat Required
Overland, J., K. Simons & M. Spagat (2003)

Finance and Development: Institutional and Policy Alternatives to Financial Liberalization
Arestis, A., M. Nissanke & H. Stein (2003)

Helping the Poor to Help Themselves: Debt Relief or Aid
Arslanalp, S. & P.B. Henry (2004)

Financial Development and Growth in the Short and Long Run
Fisman, R. & I. Love (2004)

Trade, Growth, and Poverty   Wiley Interscience Required
Dollar, D. & A. Kraay (2004)

What Are the Channels Through Which External Debt Affects Growth?
Pattillo, C.A., H.K. Poirson & L.A. Ricci (2004)

The Effect of Financial Development on Convergence: Theory and Evidence
Aghion, P., P. Howitt & D. Mayer-Foulkes (2004)

A unified theory of the evolution of international income levels   Recommended!
Parente , S.L. & E.C. Prescott (2004)

Abstract: This essay develops a theory of the evolution of international income levels. In particular, it augments the Hansen-Prescott theory of economic development with the Parente-Prescott theory of relative efficiencies and shows that the unified theory accounts for the evolution of international income levels over the last millennium. The essence of this unified theory is that a country starts to experience sustained increases in its living standard when production efficiency reaches a critical point. Countries reach this critical level of efficiency at different dates not because they have access to different stocks of knowledge, but rather because they differ in the amount of society-imposed constraints on the technology choices of their citizenry.

Institutions as the Fundamental Cause of Long-Run Growth
Acemoglu, D., S. Johnson & J. Robinson (2004)

The Comparative Politics of Corruption: Accounting for the East Asian Paradox in Empirical Studies of Corruption, Growth and Investment   ScienceDirect Required
Rock, M.T. & H. Bonnett (2004)

Growth Accelerations
Hausmann, R., L. Pritchett & D. Rodrik (2004)   Recommended!

Do Institutions Cause Growth?
Glaeser, E.L., R. La Porta & F. Lopez-de-Silane (2004)

Abstract: We revisit the debate over whether political institutions cause economic growth, or whether, alternatively, growth and human capital accumulation lead to institutional improvement. We find that most indicators of institutional quality used to establish the proposition that institutions cause growth are constructed to be conceptually unsuitable for that purpose. We also find that some of the instrumental variable techniques used in the literature are flawed. Basic OLS results, as well as a variety of additional evidence, suggest that a) human capital is a more basic source of growth than are the institutions, b) poor countries get out of poverty through good policies, often pursued by dictators, and c) subsequently improve their political institutions.

Trade and Financial Development
Do, Q-T. & A.A. Levchenko (2004)

Financial Opening and Development: Evidence and Policy Controversies   Ingenta Select Required
Aizenman, J. (2004)

Once Again, is Openness Good for Growth? | Published   ScienceDirect Required
Ricci, L.A., H.Y. Lee & R. Rigobon (2004)

Endogenous Distribution, Politics, and the Growth-Equity Tradeoff
Das, S.P. & C. Ghate (2004)

What Does Political Economy Tell Us about Economic Development and Vice Versa?   Recommended!   SURVEY PAPER
Keefer, P. (2004)
Abstract: Keefer reviews how three pillars of political economy—collective action, institutions, and political market imperfections—help us answer the question: Why do some countries develop and others do not? Each makes tremendous advances in our understanding of who wins and who loses in government decisionmaking, generally, but only a subset of this literature helps us answer the question. The study of political market imperfections strongly suggests that the lack of credibility of pre-electoral political promises and incomplete voter information are especially robust in explaining development outcomes. From the institutional literature, the most powerful explanation of contrasting development outcomes links political checks and balances to the credibility of government commitments.

Grants versus Loans
Cordella, T. & H. Ulku (2004)

Once Again, is Openness Good for Growth?
Lee, H.Y., L.A. Ricci & R. Rigobon (2004)

Finance and Growth: Theory and Evidence   SURVEY PAPER
Levine, R. (2004)

Growth and Ideas
Jones, C.I. (2004)

Dualism and Cross-Country Growth Regressions
Woessman, L. & J.R.W. Temple (2004)

The Effects of the Colombian Trade Liberalization on Urban Poverty   Acrobat Required
Goldberg, P.K. & N. Pavcnik (2004)

The Gift of the Dying: The Tragedy of AIDS and the Welfare of Future African Generations
Young, A. (2004)

Global Growth Opportunities and Market Integration
Bekaert, G., C.R. Harvey, C. Lundblad & S. Siegel (2004)

Economic Development Under Alternative Trade Regimes   Acrobat Required
Rui, C. (2004)

World Development Report 2006: Equity and Development
World Development Report 2006 (World Bank) (2005)

What did structural adjustment adjust?: The association of policies and growth with repeated IMF and World Bank adjustment loans   ScienceDirect Required
Easterly, W. (2005)

Why Are We Worried About Income? Nearly Everything that Matters is Converging   ScienceDirect Required   Recommended!
Kenny, C. (2005)

Abstract: Convergence of national GDP/capita numbers is a common, but narrow, measure of global success or failure in development. This paper takes a broader range of quality of life variables covering health, education, rights and infrastructure and examines if they are converging across countries. It finds that these measures are converging as a rule and (where we have data) that they have been converging for some time. The paper turns to a discussion of what might be driving convergence in quality of life even as incomes diverge, and what this might mean for the donor community.

Lobbies and Technology Diffusion
Comin, D. & B. Hobijn (2005)

Building a Clean Machine: Anti-Corruption Coalitions and Sustainable Reform
Johnston, M. & S.J. Kpundeh (2005)

Financial Dependence, Banking Sector Competition, and Economic Growth
Claessens, S. & L. Laeven (2005)

Outgrowing Resource Dependence: Theory and Some Recent Developments
Martin, W. (2005)

Scarcity, Conflicts, and Cooperation: Essays in the Political and Institutional Economics of Development   Recommended!
Bardhan, P. (2005)

Abstract: This wide-ranging review of some of the major issues in development economics focuses on the role of economic and political institutions. Drawing on the latest findings in institutional economics and political economy, Pranab Bardhan, a leader in the field of development economics, offers a relatively nontechnical discussion of current thinking on these issues from the viewpoint of poor countries, synthesizing recent research and reflecting on where we stand today. The institutional framework of an economy defines and constrains the opportunities of individuals, determines the business climate, and shapes the incentives and organizations for collective action on the part of communities; Pranab Bardhan finds the institutional framework to be relatively weak in many poor countries. Institutional failures, weak accountability mechanisms, and missed opportunities for cooperative problem-solving become the themes of the book, with the role of distributive conflicts in the persistence of dysfunctional institutions a common thread. Special issues taken up include the institutions for securing property rights and resolving coordination failures; the structural basis of power; commitment devices and political accountability; the complex relationship between democracy and poverty (with examples from India, where both have been durable); decentralization and devolution of power; persistence of corruption; ethnic conflicts; and impediments to collective action. Formal models are largely avoided, except in two chapters where Bardhan briefly introduces new models to elucidate currently under-researched areas. Other chapters review existing models, emphasizing the essential ideas rather than the formal details. Thus the book will be valuable not only for economists but also for social scientists and policymakers.

Growth Empirics under Model Uncertainty: Is Africa Different?
Tsangarides, C.G. (2005)

Income ranking and convergence with physical and human capital and income inequality   ScienceDirect Required
Zhang, J. (2005)

How Do Trade and Financial Integration Affect the Relationship Between Growth and Volatility? | Published
Kose, M.A., E. Prasad & M. Terrones (2005/06)

Foreign Investment, Corporate Ownership, and Development: Are Firms in Emerging Markets Catching Up to the World Standard?
Peter, K.S., J. Svejnar & K. Terrell (2005)

Colonialism, Inequality, and Long-Run Paths of Development
Engerman, S.L. & K.L. Sokoloff (2005)

Financial Liberalization in Latin-America in the 1990s: A Reassessment
Aizenman, J. (2005)

Sowing and Reaping: Institutional Quality and Project Outcomes in Developing Countries
Dollar. D. & V. Levin (2005)

Corporate Governance, Economic Entrenchment and Growth
Morck, R., D. Wolfenzon & B. Yeung (2005)

A Global View of Economic Growth
Ventura, J. (2005)

Development   Recommended!   Ingenta Select Required
Schumpeter, J.A. (2005)

Abstract: The present article introduces Development, a new, unpublished and hitherto unknown article by Joseph A. Schumpeter from 1932. Development is remarkable because it significantly adds to Schumpeter's known works on a number of issues that were central to his theory of economic development. Development shows that Schumpeter considered the explanation of novelty as the most important unsolved scientific problem. Schumpeter doubts the explanatory value of entrepreneurship and indicates that theoretical advances might be forthcoming that can help a better understanding of the social dynamics which gives rise to novelty.

Agriculture and national welfare around the world: causality and international heterogeneity since 1960
Bravo-Ortega, C. & D. Lederman (2005)

Growth and Empowerment: Making Development Happen   Recommended!
Stern, N., J-J. Dethier & F.H. Rogers (2005)

Abstract: Despite significant gains in promoting economic growth and living conditions (or "human progress") globally over the last twenty-five years, much of the developing world remains plagued by poverty and its attendant problems, including high rates of child mortality, illiteracy, environmental degradation, and war. In Growth and Empowerment, Nicholas Stern, Jean-Jacques Dethier, and F. Halsey Rogers propose a new strategy for development. Drawing on many years of work in development economics -- in academia, in the field, and at international institutions such as the World Bank -- the authors base their strategy on two interrelated approaches: building a climate that encourages investment and growth and at the same time empowering poor people to participate in that growth. This plan differs from other models for development, including the dogmatic approach of market fundamentalism popular in the 1980s and 1990s. Stern, Dethier, and Rogers see economic development as a dynamic process of continuous change in which entrepreneurship, innovation, flexibility, and mobility are crucial components and the idea of empowerment, as both a goal and a driver of development, is central. The book points to the unique opportunity today -- after 50 years of successes and failures, and with a growing body of analytical work to draw on -- to pursue new development strategies in both research and action.

In Search of the Holy Grail: Policy Convergence, Experimentation, and Economic Performance   Ingenta Select Required
Mukand, S.W. & D. Rodrik (2005)

Democracy, Volatility, and Economic Development   Ingenta Select Required
Mobarak, A.M. (2005)

The Rise of Europe: Atlantic Trade, Institutional Change, and Economic Growth   Ingenta Select Required
Acemoglu, D., S. Johnson & J. Robinson (2005)

Religion and economic performance   ScienceDirect Required
Noland, M. (2005)

Culture and Institutions: Economic Development in the Regions of Europe   Acrobat Required
Tabellini, G. (2005)

Will a global subsidy of artemisinin-based combination treatment (ACT) for malaria delay the emergence of resistance and save lives?
Laxminarayan, L., M. Over & D.L. Smith (2005)

The IMF's Role in Low-Income Countries: Issues and Challenges
Lombardi, D. (2005)

Death and Development
Lorentzen, P., J. McMillan & R. Wacziarg (2005)

Ethnic Diversity and Economic Performance   Ingenta Select Required
Alesina, A. & E.L. Ferrara (2005)

Does openness imply greater exposure?
Calderon, C., N. Loayza & K. Schmidt-Hebbel (2005)

Distortions to world trade: impacts on agricultural markets and farm incomes
Anderson, K., W. Martin & D. van der Mensbrugghe (2005)

Openness Can be Good for Growth: The Role of Policy Complementarities
Chang, R., L. Kaltani & N. Loayza (2005)

Institutional Explanations of Economic Development: The Role of Precious Metals
Papyrakis, E. & R. Gerlagh (2005)

Innovation and development around the world, 1960-2000
Lederman, D. & L. Saenz (2005)

Distribution of Natural Resources, Entrepreneurship, and Economic Development: Growth Dynamics with two Elites   Adobe Acrobat Required
Falkinger, J. & V. Grossmann (2005)

Happiness and the Human Development Index: The Paradox of Australia
Blanchflower, D. & A. Oswald (2005)

Impact of World Bank lending in an adjustment-led growth model   ScienceDirect Required
Mallick, S. & T. Moore (2005)

World Bank lending and regulation   ScienceDirect Required
Kilby, C. (2005)

Demand for World Bank lending   ScienceDirect Required
Ratha, D. (2005)

Assessing the Sources of Changes in the Volatility of Real Growth
Cecchetti, S.G., A. Flores-Lagunes & S. Krause (2006)

Intangible Capital and Economic Growth
Corrado, C.A., C.R. Hulten & D.E. Sichel (2006)

Foreign Banks in Poor Countries: Theory and Evidence
Detragiache, E., T. Tressel & P. Gupta (2006)

The Empirics of Social Capital and Economic Development: A Critical Perspective
Sabatani, F. (2006)

Financial performance and outreach: a global analysis of leading microbanks
Morduch, J., R. Cull & A. Demirguc-Kunt (2006)

Creating an efficient financial system: challenges in a global economy
Beck, T. (2006)

Evaluating recipes for development success
Dixit, A. (2006)

The Persistence of Underdevelopment: Institutions, Human Capital, or Constituencies?
Rajan, R.G. & L. Zingales (2006)

Real effective exchange rate volatility and growth: A framework to measure advantages of flexibility vs. costs of volatility   ScienceDirect Required
Bagella, M., L. Becchetti & I. Hasan (2006)

Exchange Rate Volatility and Productivity Growth: The Role of Financial Development
Aghion, P., P. Bacchetta & R. Ranciere (2006)

The Diffusion of Development   Recommended!
Spolaore, E. & R. Wacziarg (2006)

Abstract: This paper studies the barriers to the diffusion of development across countries from a longterm perspective. We find that genetic distance, a measure associated with the amount of time elapsed since two populations’ last common ancestors, bears a statistically and economically significant relationship with pairwise income differences, even when controlling for various other measures of geographical, climatic, cultural and historical differences. We provide an economic interpretation of these findings, within a framework in which (a) genetic distance captures divergence in characteristics, including cultural traits, that are transmitted vertically across generations within populations over the long term, and (b) such differences in verticallytransmitted characteristics act as barriers to the horizontal diffusion of innovations from the world technological frontier. The empirical evidence over time and space is consistent with this barriers interpretation.

Trends in Hours and Economic Growth
Ngai, L.R. & C.A. Pissarides (2006)

What Does the Solow Model Tell Us about Economic Growth?
Okada, T. (2006)

Comparative advantage, demand for external finance, and financial development
Do, Q-T. & A.A. Levchenko (2006)

Does Financial Integration Spur Economic Growth? New Evidence from the First Era of Financial Globalization   Acrobat Required
Schularick, M. & T.M. Steger (2006)

Helping Infant Economies Grow: Foundations of Trade Policies for Developing Countries   Ingenta Select Required
Greenwald, B. & J.E. Stiglitz (2006)

Asian Growth and African Development   Ingenta Select Required
de Carvalho Chamon, M. & M.R. Kremer (2006)

Disease and Development: The Effect of Life Expectancy on Economic Growth | Published
Acemoglu, D. &l S. Johnson (2006/07)

When Does Domestic Saving Matter for Economic Growth?
Aghion, P., D. Comin & P. Howitt (2006)

Remittances, Institutions and Economic Growth
Catrinescu, N., M.A. Leon-Ledesma, M.E. Piracha & B. Quillin (2006)

Finance and economic development: policy choices for developing countries
Demirguc-Kunt, A. (2006)

Big Business Stability and Economic Growth: Is What's Good for General Motors Good for America?
Fogel, K., R. Morck & B. Yeung (2006)

Crises, What Crises?   Acrobat Required
Campos. N.F., C. Hsiao & J.B. Nugent (2006)

Geography Rules Too! Economic Development and the Geography of Institutions   Acrobat Required
Bosker, M. & H. Garretsen (2006)

World Development Report 2007: Development and the Next Generation
World Development Report 2007 (World Bank) (2006)

Corruption and Growth Under Weak Identification   Recommended!   Acrobat Required
Shaw, P., M-S. Katsaiti & M. Jurgilas (2006)

Abstract: The goal of this paper is to revisit the influential work of Mauro [1995] focusing on the strength of his results under weak identification. He finds a negative impact of corruption on investment and economic growth that appears to be robust to endogeneity when using two-stage least squares (2SLS). Since the inception of Mauro [1995], much literature has focused on 2SLS methods revealing the dangers of estimation and thus inference under weak identification. We reproduce the original results of Mauro [1995] with a high level of confidence and show that the instrument used in the original work is in fact ’weak’ as defined by Staiger and Stock [1997]. Thus we update the analysis using a test statistic robust to weak instruments. Our results suggest that under Mauro’s original model there is a high probability that the parameters of interest are locally almost unidentified in multivariate specifications. To address this problem, we also investigate other instruments commonly used in the corruption literature and obtain similar results.

The incidence and persistence of corruption in economic development   ScienceDirect Required
Blackburn, K., N. Bose & M.E. Haque (2006)

Decentralization and Local Governance in Developing Countries: A Comparative Perspective   Recommended!   CONFERENCE VOLUME
Bardhan, P. & D. Mookherjee (editors) (2006)

Abstract: Comparative and interdisciplinary perspectives on the current trend in the developing world of devolving political and economic power to local governments.

Colonialism and Modern Income -- Islands as Natural Experiments
Feyrer, J. & B. Sacerdote (2006)

Economic Growth in an Interdependent World Economy   Wiley Interscience Required
Farmer, R.E.A. & A. Lahiri (2006)

Was the Wealth of Nations Determined in 1000 B.C.?
Comin, D., W. Easterly & E. Gong (2006)

The demography of youth in developing countries and its economic implications
Lam, D. (2006)

Do institutions matter more for services
Amin, M. & A. Mattoo (2006)

Women, Work, and Culture
Fernandez, R. (2007)

Are corruption and taxation really harmful to growth? Firm level evidence   ScienceDirect Required
Fisman, R. & J. Svensson (2007)

Growth, public investment and corruption with failing institutions   Recommended!   Acrobat Required
de la Croix, D. & C. Delavallande (2007)

Abstract: Corruption is thought to prevent poor countries from catching-up. We analyze one channel through which corruption hampers growth: public investment can be distorted in favor of specific types of spending for which rent-seeking is easier and better concealed. To study this distortion, we propose an optimal growth model where households vote for the composition of public spending subject to an incentive constraint reflecting individuals’ choice between productive activity and rent-seeking. At equilibrium, the intensity of corruption and the structure of public investment are determined by the predatory technology and the distribution of political power. Among different regimes, the model shows a possible scenario of distortion without corruption in which there is no effective corruption yet still the possibility of corruption distorts the allocation of public investment, thus hampering growth. We test the implications of the model on a panel of countries estimating a system of equations with instrumental variables. We find that countries with a high predatory technology invest more in housing and physical capital in comparison with health and education. For equal initial conditions, such countries grow slower and have higher corruption, in particular when political power is concentrated.

Growth, Development, and Technological Change   Acrobat Required
Grossman, V. & T.M. Steger (2007)

Economic reform when institutional quality is weak: The case of the Maghreb   ScienceDirect Required
Baliamoune-Lutz, M. & T. Addison (2007)

Two Views on Institutions and Development: The Grand Transition vs. the Primacy of Institutions   Acrobat Required
Paldam, M. & E. Gundlach (2007)

Corrupt Bureaucracy and Growth   Acrobat Required
Djumashev, R. (2007)

The Trouble with the MDGs: Confronting Expectations of Aid and Development Success   ScienceDirect Required
Clemens, M.A., C.J. Kenny & T.J. Moss (2007)

Does Oil Corrupt? Evidence from a Natural Experiment in West Africa   Acrobat Required

Making Famine History   SURVEY PAPER   Ingenta Select Required
Grada, C.O. (2007)

Trade, Knowledge, and the Industrial Revolution
O'Rourke, K.H., A.S. Rahman & A.M. Taylor (2007)

Only income diverges: A neoclassical anomaly   ScienceDirect Required
Grier, K. & R. Grier (2007)

Nonlinear economic growth: Some theory and cross-country evidence   ScienceDirect Required
Fiaschi, D. & A.M. Lavezzi (2007)

Foreign Know-How, Firm Control, and the Income of Developing Countries
Burstein, A. & A. Monge-Naranjo (2007)

Takeoffs
Aizenman, J. & M. Spiegel (2007)

Understanding Political Corruption in Low Income Countries
Pande, R. (2007)

Financing Development: The Role of Information Costs
Greenwood, J., J.M. Sanchez & C. Wang (2007)

The Prospects for Sustained Growth in Africa: Benchmarking the Constraints
Johnson, S., J.D. Ostry & A. Subramanian (2007)

Jointness of Growth Determinants   Acrobat Required
Doppelhofer, G. & M. Weeks (2007)

International Growth Equalization along nonbalanced constant growth paths   ScienceDirect Required
Jin, Y. & Z. Zeng (2007)

Measuring welfare gains from better quality infrastructure
Lokshin, M. & I. Klytchnikova (2007)

Invariance in growth theory and sustainable development   ScienceDirect Required
Martinet, V. & G. Rotillon (2007)

The International Economics of Natural Resources and Growth   Acrobat Required
Gylfason, T. (2007)

The living conditions of children
Patrinos, H.A. (2007)

Economic information and finance : more information means more credit, fewer bad loans, and less corruption
Islam, R. (2007)

From creativity to innovation
Yusuf, S. (2007)

HIV/AIDS and social capital in a cross-section of countries
David, A.C. (2007)

A poverty-focused evaluation of commodity tax options
Essama-Nssah, B. (2007)

Construction, corruption, and developing countries
Kenny, C. (2007)

Formal and Informal Risk Sharing in LDCs: Theory and Empirical Evidence
Dubois, P., B. Jullien & T. Magnac (2007)

Human Capital, Mortality and Fertility: A Unified Theory of the Economic and Demographic Transition   Acrobat Required
Cervellati, M. & U. Sunde (2007)

Rich, Poor and Growth-Miracle Nations: Multiple Equilibria Revisited
Kylymnyuk, D., L. Maliar & S. Maliar (2007)

Income, Aging, Health and Wellbeing Around the World: Evidence from the Gallup World Poll | Published   Ingenta Select Required
Deaton, A. (2007/08)

Malaria: Disease Impacts and Long-Run Income Differences   Acrobat Required
Gollin, D. & C. Zimmermann (2007)

Multiple growth regimes – Insights from unified growth theory   ScienceDirect Required
Galor, O. (2007)

Unraveling the fortunes of the fortunate: An Iterative Bayesian Model Averaging (IBMA) approach   ScienceDirect Required
Eicher, T.S., C. Papageorgiou & O. Roehn (2007)

Nonlinearities in cross-country growth regressions: A Bayesian Averaging of Thresholds (BAT) approach   ScienceDirect Required
Cuaresma, J.C. & G. Doppelhofer (2007)

Institutions and parameter heterogeneity   ScienceDirect Required
Minier, J. (2007)

Construction, Corruption, and Developing Countries
Kenny, C. (2007)

Are Financial Development and Corruption Control Substitutes in Promoting Growth? | Published   Acrobat Required
Ahlin, C. & J. Pang (2007/08)

The Long-Term Effects of Africa's Slave Trades
Nunn, N. (2007)

Computing continuous-time growth models with boundary conditions via wavelets   ScienceDirect Required
Esteban-Bravo, M. & J.M. Vidal-Sanz (2007)

A Rise By Any Other Name? Sensitivity of Growth Regressions to Data Source   Acrobat Required
Hanousek, J., D. Hajkova & R.K. Filer (2007)

Two Views on Institutional Development: The Grand Transition vs the Primacy of Institutions   Adobe Acrobat Required
Paldam, M. & E. Gundlach (2007)

Inspecting the Mechanism Exactly: A Closed-form Solution to a Stochastic Growth Model
Smith, W.T. (2007)

Endogenous growth through investment-specific technological change   ScienceDirect Required
Huffman, G.W. (2007)

Institutional Traps and Economic Growth
Gradstein, M. (2007)

Special-Interest Groups and Growth   Acrobat Required
Wilson, B., D. Coates & J. Heckelman (2007)

On the Stability of Balanced Growth   Acrobat Required
Wenzelburger, J., V. Böhm & T. Pampel (2007)

Property Rights and Economic Growth: Evidence from a Natural Experiment
Brunt, L. (2007)

Cultural Assimilation, Cultural Diffusion and the Origin of the Wealth of Nations
Ashraf, Q. & O. Galor (2007)

Growth and volatility   ScienceDirect Required
Imbs, J. (2007)

Cross-Country Analyses of Economic Growth: An Econometric Survey   Adobe Acrobat Required   SURVEY PAPER
Llussa, F. (2007)

Why Development Levels Differ: The Sources of Differential Economic Growth in a Panel of High and Low Income Countries   Acrobat Required
Hulten. C.R. & A. Isaksson (2007)

Decoding the Code of Civil Procedure: Do Judiciaries Matter for Growth?   Acrobat Required
Chemin, M. (2007)

Does Reform Work? An Econometric Examination of the Reform-Growth Puzzle
Babetski, I. & N.F. Campos (2007)

Sovereign natural disaster insurance for developing countries : a paradigm shift in catastrophe risk financing
Ghesquiere, F. & O. Mahul (2007)

Infant mortality over the business cycle in the developing world
Baird, S., J. Friedman & N. Schady (2007)

Limited access orders in the developing world :a new approach to the problems of development
North, D.C., J.J. Wallis, S.B. Webb & B.R. Weingast (2007)

Welfare Gains from Financial Liberalization   Acrobat Required
Townsend, R.M. & K. Ueda (2007)

Recent Developments In The Theory Of Very Long Run Growth : A Historical Appraisal   Acrobat Required
Broadberry, S. (2007)

Openness, Technology Capital, and Development
McGrattan, E. & E.C. Prescott (2007)

Equity and Trade Policy   Acrobat Required
Francois, J. & H. Rojas-Romagosa (2007)

The Competitiveness of Nations: Why Some Countries Prosper While Others Fall Behind   ScienceDirect Required
Fagerberg, J., M. Srholec & M. Knell (2007)

Financing Development: The Role of Information Costs   Acrobat Required
Greenwood, J., J.M. Sanchez & C. Wang (2007)

New Technology, Human Capital and Growth for Developing Countries   Acrobat Required
Van, C.L., M-H. Nguyen, T.B. Luong & T-A. Nguyen (2007)

Rent Seeking and the Unveiling of 'De Facto' Institutions: Development and Colonial Heritage within Brazil
Naritomi, J., R.R. Soares & J.J. Assuncao (2007)

Determinants of Economic Growth: Will Data Tell?   Acrobat Required
Ciccone, A. & M. Jarocinski (2007)

More growth or fewer collapses? A new look at long run growth in Sub-Saharan Africa
Arbache, J.S. & J. PageCulture rules: The foundations of the rule of law and other norms of governance   ScienceDirect Required
Licht, A.N., C. Goldschmidt & S.H. Schwartz (2007)

Pitfalls to avoid when measuring institutions: Is Doing Business damaging business?   ScienceDirect Required
Arruñada, B. (2007)

Financial Development, Openness and Institutions: Evidence from Panel Data | Published   Acrobat Required   ScienceDirect Required
Baltagi, B.H., P.O. Demetriades & S.H. Law (2007/09)

The devil is in the shadow: Do institutions affect income and productivity or only official income and official productivity?   Acrobat Required
Dreher, A., P-G. Méon & F. Schneider (2007)

Patterns of long term growth in Sub-Saharan Africa
Page, J. & J.S. Arbache (2007)

Determinants of Economic Growth: Will Data Tell?   Acrobat Required
Ciccone, A. & M. Jarocinski (2008)

Degrees of Development - How Geographic Latitude Sets the Pace of Industrialization and Demographic Change   Acrobat Required
Strulik, H. (2008)

Finance, financial sector policies, and long-run growth   Acrobat Required
Levine, R. & A. Demirguc-Kunt (2008)

Human Genetic Diversity and Comparative Economic Development   Acrobat Required
Galor, O. & A. Quamrul (2008)

Cursing the Blessings? Natural Resource Abundance, Institutions, and Economic Growth   ScienceDirect Required
Brunnschweiler, C.N. (2008)

Are Any Growth Theories Robust?   Wiley Interscience Required
Durlauf, S.N., A. Kourtellos & C.M. Tan (2008)

Norms and Institution Formation
Francois, P. (2008)

Can micro-credit bring development?   ScienceDirect Required
Ahlin, C. & N. Jiang (2008)

Gross national happiness as an answer to the Easterlin Paradox?   ScienceDirect Required
Di Tella, R. & R. MacCulloch (2008)

The effect of financial repression and enforcement on entrepreneurship and economic development   ScienceDirect Required
Antunes, A., T. Cavalcanti & A. Villamil (2008)

Malthusian Population Dynamics: Theory and Evidence   Acrobat Required
Ashraf, Q. & O. Galor (2008)

What Makes Growth Sustained?
Berg, A., J.D. Ostry & J. Zettelmeyer (2008)

Intermediate Goods, Weak Links, and Superstars: A Theory of Economic Development
Jones, C.I. (2008)

The Cognitive Link Between Geography and Development: Iodine Deficiency and Schooling Attainment in Tanzania   Recommended!
Field, E.M., O. Robles & M. Torero (2008)

Abstract: An estimated 20 million children born each year are at risk of brain damage from in utero iodine deficiency, the only micronutrient deficiency known to have significant, non-reversible effects on cognitive development. Cognitive damage from iodine deficiency disorders (IDD) has potentially important implications for economic growth through its effect on human capital attainment. To gauge the magnitude of this influence, we evaluate the impact of reductions in fetal IDD on child schooling attainment that resulted from an intensive distribution of iodized oil capsules (IOC) in Tanzania. We look for evidence of improvements in cognitive ability attributable to the intervention by assessing whether children who benefited from IOC in utero exhibit higher rates of grade progression at ages 10 to 14 relative to siblings and older and younger children in the district who did not. Our findings suggest that reducing fetal IDD has significant benefits for child cognition: Protection from IDD in utero is associated with 0.36 years of additional schooling. Furthermore, the effect appears to be substantially larger for girls, consistent with new evidence from laboratory studies indicating greater cognitive sensitivity of the female fetus to maternal thyroid deprivation. There is no indication that IOC improved rates of illness or school absence due to illness, suggesting that IOC improves schooling through its effect on cognition rather than its effect on health. However, there is weak evidence that the program also reduced child but not fetal or infant mortality, which may bias downward the estimated effect on education. Cross-country regression estimates corroborate the results from Tanzania, indicating a strong negative influence of total goiter rate and strong positive influence of salt iodization on female school participation. Together, these findings provide micro-level evidence of the direct influence of ecological conditions on economic development and suggest a potentially important role of variation in rates of learning disability in explaining cross-country growth patterns and gender differences in schooling attainment.

Evaluation in the practice of development   Acrobat Required
Ravallion, M. (2008)

Geography vs. Institutions at the Village Level   Acrobat Required
Grimm, M. & S. Klasen (2008)

What rules in the 'deep' determinants of comparative development?   Acrobat Required
Kangur, A. (2008)

Globalisation, growth and institutions   ScienceDirect Required
Moshirian, F. (2008)

When Does Improving Health Raise GDP?   Acrobat Required
Ashraf, Q., A. Lester & D. Weil (2008)

Finite Horizon, Externalities, and Growth   Acrobat Required
Wendner, R. (2008)

A Closer Look at the Relationship Between Life Expectancy and Economic Growth   Acrobat Required
Azomahou, T., R. Boucekkine & B. Diene (2008)

Reconciling Kuznets and Habbakuk in a Unified Growth Theory   Acrobat Required
Mourmouras, A. & P. Rangazad (2008)

Institution and Development Revisited:A Nonparametric Approach   Acrobat Required
Basu, S.R. & M. Das (2008)

Is it possible to speak English without thinking American? On globalization and the determinants of cultural assimilation   ScienceDirect Required
Chong, A. & and J. Galdo (2008)

Capital Deepening and Nonbalanced Economic Growth
Acemoglu, D. & V. Guerrieri (2008)

The Causes and Consequences of Cross-Country Differences in Schooling Attainment   Acrobat Required
Schoellman, T. (2008)

Ideas and Growth
Lucas, Jr., R.E. (2008)

Models of Idea Flows
Alvarez, F.E., F.J. Buera & R.E. Lucas, Jr. (2008)

The Knowledge Trap: Human Capital and Development Reconsidered
Jones, B.F. (2008)

Social Spending, Human Capital, and Growth in Developing Countries   ScienceDirect Required
Baldacci, E., B. Clements, S. Gupta & Q. Cui (2008)

Human capital investment and growth: A dynamic education model   Acrobat Required
Ben Mimoun, M. & A. Raies (2008)

The Colonial and Geographic Origins of Comparative Development   Acrobat Required
Auer, R. (2008)

Self-serving dictators and economic growth   ScienceDirect Required
Haile, D., A. Sadrieh & H.A.A. Verbon (2008)

Financial Liberalisation, Bureaucratic Corruption and Economic Development   Acrobat Required
Blackburn, K. & G.F. Forgues-Puccio (2008)

Colonial Heritage and Economic Development   Acrobat Required
Asoni, A. (2008)

Mosquitoes: The Long-Term Effects of Malaria Eradication in India   Acrobat Required
Cutler, D., W. Fung, M. Kremer & M. Singhal (2008)

Unbundled Institutions, Human Capital and Growth   Acrobat Required
Bhattacharyya, S. (2008)

Institutions and Trade: Competitors or Complements in Economic Development?   Acrobat Required
Bhattacharyya, S., S. Dowrick & J. Golley (2008)

Linkages between Financial Deepening,Trade Openness and Economic Development: Causality Evidence from Sub-Saharan Africa   Acrobat Required
Gries, T., M. Kraft & D. Meierrieks (2008)

Economic Growth and Subjective Well-Being: Reassessing the Easterlin Paradox
Stevenson, B. & J. Wolfers (2008)

Real exchange rates, saving and growth: is there a link?   Acrobat Required
Montiel, P.J. & L. Serven (2008)

Structural Differences in Economic Growth   Acrobat Required
Basturk, N., R. Paap & D. van Dijk (2008)

Parameter heterogeneity in growth regressions   ScienceDirect Required
Hineline, D.R. (2008)

Intangible Capital and International Income Differences   Acrobat Required
Hashmi, A.R. (2008)

On Trade Openness, Institutional Change and Economic Growth   Acrobat Required
Navas-Ruiz, A. (2008)

Is the developing world catching up? Global convergence and national rising dispersion   Acrobat Required
Bussolo, M., R.E. De Hoyos & D. Medvedev (2008)

Was the Wealth of Nations Determined in 1000 B.C.?   Acrobat Required
Comin, D.A., W. Easterly & E. Gong (2008)

The Three Horsemen of Growth: Plague, War and Urbanization in Early Modern Europe   Acrobat Required
Voigtländer, N. & J. Voth (2008)

How useful is the Theoretical and Empirical Growth Literature for Policies in the Developing Countries?   Acrobat Required
Rao, B.B. & A. Cooray (2008)

Post-1500 Population Flows and the Long Run Determinants of Economic Growth and Inequality
Putterman, L. & D.N. Weil (2008)

Luddites and the Demographic Transition
O'Rourke, K.H., A.S. Rahman & A.M. Taylor (2008)

Understanding PPPs and PPP-based national accounts
Deaton, A. & A. Heston (2008)

What is Really Good for Long-Term Growth? Lessons from a Binary Classification Tree (BCT) Approach
Duttagupta, R. & M. Mlachila (2008)

Technological Change and the Wealth of Nations   Acrobat Required   Recommended!
Gancia, G. & F. Zilibotti (2008)

Abstract: We discuss a unified theory of directed technological change and technology adoption that can shed light on the causes of persistent productivity differences across countries. In our model, new technologies are designed in advanced countries and diffuse endogenously to less developed countries. Our framework is rich enough to highlight three broad reasons for productivity differences: inappropriate technologies, policy-induced barriers to technology adoption, and within-country misallocations across sectors due to policy distortions. We also discuss the effects of two aspects of globalization, trade in goods and migration, on the wealth of nations through their impact on the direction of technical progress. By doing so, we illustrate some of the equalizing and unequalizing forces of globalization.

Do all countries follow the same growth process?
Davis, L., A.L. Owen & J. Videras (2008)

Democracy, openness and jumps in growth   Acrobat Required
Deana, G. & A. Gamba (2008)

The Unofficial Economy and Economic Development
La Porta, R. & A. Shleifer (2008)

Learning the Wealth of Nations
Buera, F.J., A. Monge-Naranjo & G.E. Primiceri (2008)

Instruments of development: Randomization in the tropics, and the search for the elusive keys to economic development
Deaton, A.S. (2009)

International Finance and Growth in Developing Countries: What Have We Learned?   SURVEY PAPER
Obstfeld, M. (2009)

Both Institutions and Policies Matter but Differently for Different Income Groups of Countries: Determinants of Long-Run Economic Growth Revisited   ScienceDirect Required
Lee, K. & B-Y. Kim (2009)

Development and Growth in Mineral-Rich Countries
Gylfason, T. (2008)

Growing like China
Song, Z.M., K. Storesletten & F. Zilibotti (2009)

Property Rights and Economic Development   Recommended!   SURVEY PAPER
Besley, T.J. & M. Ghatak (2009)

Abstract: This chapter develops a unified analytical framework, drawing on and extending the existing literature on the subject, for studying the role of property rights in economic development. It addresses two fundamental and related questions concerning the relationship between property rights and economic activity. (i) What are the mechanisms through which property rights affect economic activity? (ii) What are the determinants of property rights? In answering these, it surveys some of the main empirical and theoretical ideas from the extensive literature on the topic. This paper will form a chapter for Volume V of the Handbook of Development Economics edited by Dani Rodrik and Mark Rosenzweig.

The Consequences of Radical Reform: The French Revolution
Acemoglu, D., D. Cantoni, S. Johnson & J.A. Robinson (2009)

Education and Growth: A Simple Model with Complicated Dynamics   Acrobat Required
Palivos, T. & D. Varvarigos (2009)

Ruggedness: The Blessing of Bad Geography in Africa
Nunn, N. & D. Puga (2009)

Corruption, Institutions and Economic Development   Acrobat Required
Aidt, T.S. (2009)

Industrial structure, appropriate technology and economic growth in less developed countries
Lin, J.Y. & P. Zhang (2009)

Development strategy, viability, and economic distortions in developing countries
Lin, J.Y. & F. Li (2009)

Human Development Index: Are Developing Countries Misclassified? (former title: "Consequences of Data Error in Aggregate Indicators: Evidence from the Human Development Index)
Wolff, H., H. Chong & M. Auffhammer (2009)

When Economic Growth is Less than Exponential   Acrobat Required
Groth, C., K-J. Koch & T.M. Steger (2009)

Blunt Instruments: On Establishing the Causes of Economic Growth
Clemens, M. & S. Bazzi (2009)

Bonding and Bridging Social Capital and Economic Growth   Acrobat Required
Beugelsdijk, S. & J.A. Smulders (2009)

A Multi-industry Model of Growth with Financing Constraints
Ilyina, A. & R.M. Samaniego (2009)

How Relevant Is Malthus for Economic Development Today?   Ingenta Select Required
Weil, D.N. & J. Wilde (2009)

The New Kaldor Facts: Ideas, Institutions, Population, and Human Capital   Recommended!
Jones, C.I. & P.M. Romer (2009)

Abstract: In 1961, Nicholas Kaldor used his list of six "stylized" facts both to summarize the patterns that economists had discovered in national income accounts and to shape the growth models that they were developing to explain them. Redoing this exercise today, nearly fifty years later, shows how much progress we have made. In contrast to Kaldor's facts, which revolved around a single state variable, physical capital, our six updated facts force consideration of four far more interesting variables: ideas, institutions, population, and human capital. Dynamic models have uncovered subtle interactions between these variables and generated important insights about such big questions as: Why has growth accelerated? Why are there gains from trade?

Yet Another Tale of Two Cities: Buenos Aires and Chicago
Campante, F. & E.L. Glaeser (2009)

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Poverty

Eliminating World Poverty: Making Globalisation Work for the Poor
Department for International Development (2000)

White Paper Background Papers   Recommended!
Various authors (2000)

Abstract: Background papers for the UK Government's second White Paper on International Development entitled: "Eliminating World Poverty: Making Globalisation Work for the Poor".

Halving World Poverty by 2015: Growth, Equity, and Security   Acrobat Required
Department for International Development (2001)

Connecting the Local to the Global: Voices of the Poor   Acrobat Required
Narayan, D. & T. Shah (2001)

More Equitable Pricing for Essential Drugs: What do We Mean and What Are the Issues?
& Workshop on Differential Pricing and Financing of Essential Drugs

WTO Secretariat (2001)

The Highly Indebted Poor Countries (HIPC) Initiative: a Human Rights Assessment of the Poverty Reduction Strategy Papers   Acrobat Required
Cheru, F. (2001)

Decomposing World Income Distribution: Does the World Have a Middle Class?
Milanovic, B. & S. Yitzhaki (2001)

Go with the Flows: Capital Account Liberalisation and Poverty Reduction
Various authors (2001)

Globalization and Inequality: Historical Trends
O'Rourke, K.H. (2001)

International Trade and Poverty Alleviation
Bannister, G. & K. Thugge (2001)

Foreign Direct Investment and Poverty Reduction
Klein, M., C. Aaron & B. Hadjimichael (2001)

Trade, Growth, and Poverty
Dollar, D. &Amp; A. Kraay (2001)

Growth Is Good for the Poor
Dollar, D. &Amp; A. Kraay (2001)

Technology and Science as Global Public Goods   Acrobat Required
Mills, A. (2001)

Globalisation and Inequality: A Long History
Lindert, P.H. & J.G. Williamson (2001)

Some simple arithmetic on how income inequality and economic growth matter
Quah, D. (2001)

Precautionary Saving, the Current Account, and the International Distribution of Wealth
Beauchemin, K. & B. Daniel (2001)

Children Affected by HIV/AIDS Rights and responses in the developing world
Save The Children (2001)

PPPs in Latin America: can they help the poor?
Nickson, A. (2001)

Global Poverty Report 2001: A Globalized Market: Opportunities and Risks for the Poor   Recommended!
World Bank (2001)

Abstract: The Global Poverty Report considers the effects of globalizing markets on poverty in developing countries. It outlines the channels through which increased trade openness can affect poverty and examines the evidence from four regions: Sub-Saharan Africa, Asia and the Pacific, Eastern Europe and Central Asia, and Latin America and the Caribbean. Written at the request of the G8, and presented at the G-8 Genoa Summit (July 2001), the report is the result of a joint effort of the African Development Bank, the Asian Development Bank, the European Bank for Reconstruction and Development, the Inter-American Development Bank, the World Bank, and the International Monetary Fund.

Inequality and Growth: Why Differential Fertility Matters   Acrobat Required
da la Croix, D. & M. Doepke (2001)

Death-knell of free market fundamentalism? Anti-globalist responses to Asia's economic meltdown
Higgott, R. & N. Phillips (2001)

Money makes the war go round - finance, war and peace
Addison, T. (2001)

Globalisation's litmus test: can it level world income distribution?
Wade, R.H. (2001)

The Unfinished Agenda: Perspectives on Overcoming Hunger, Poverty, and Environmental Degradation   Recommended!   CONFERENCE VOLUME
Pinstrup-Andersen, P. & R. Pandya-Lorch (eds) (2001)

Abstract: Lively and accessible expert perspectives on the unfinished task of assuring sustainable food security for the world's poorest people.

Feeding the World in the New Millennium: Issues for the New U.S. Administration
Pinstrup-Andersen, P. (2001)

The excluded of the earth: minimising poverty and discrimination
Kabeer, N. (2001)

The World Income Distribution
Acemoglu, D. & J. Ventura (2001)

Macroeconomic Policies and Poverty Reduction: Stylized Facts and an Overview of Research   SURVEY PAPER
Cashin, P.A., P. Mauro, C.A. Pattillo & R. Sahay (2001)

Liberalisation is good for poverty alleviation, but how can we help the losers?
Winters, L.A. (2001)

Deposit Insurance Around the Globe: Where Does It Work?
Demirgüç-Kunt, A. & E.J. Kane (2001)

Bridging the Economic Divide within Nations: A Scorecard on the Performance of Regional Development Policies in Reducing Regional Income Disparities
Shankar, R. & S. Anwar (2002)

Imagine there's no country: poverty, inequality, and growth in the era of globalization   Acrobat Required
Bhalla, S. (2002)

Poverty Reduction and The World Bank: Progress in Operationalizing the WDR 2000/01
World Bank (2002)

Inequalities in Health in Developing Countries: Swimming against the Tide?
Wagstaff, A. (2002)

The Disturbing "Rise" of Global Income Inequality
Sala-i-Martin, X. (2002)

Review of the Poverty Reduction Strategy Paper (PRSP) Approach: Main Findings
IMF/World Bank (2002)

Income Inequality and the Real Exchange Rate   Acrobat Required
García, P. (2002)

The new architecture of aid: cracks in the pro-poor facade?
Farrington, J. (2002)

The Nature and Dynamics of Poverty
Fofack, H. (2002)

Round Table on Globalization and Inequality
Dollar, D., M. Lundberg, J. Galbraith, B. Milanovic, H.J. Chang, C. Graham, A. Brender & S. Menshikov (2002)

Are we really reducing global poverty?   Acrobat Required
Vandemoortele, J. (2002)

Is Growth Enough? Macroeconomic Policy and Poverty Reduction
Ghura, D., C.A. Leite & C. Tsangarides (2002)

Can We Discern the Effect of Globalization on Income Distribution? Evidence from Household Budget Surveys
Milanovic, B. (2002)

Inequality: ignored for too long in the fight against poverty
Cornia, G.A. & J. Court (2002)

Income Convergence during the Disintegration of the World Economy, 1919-39
Milanovic, B. (2003)

Trade, Gender and Poverty   Acrobat Required
Cagatay, N. (2003)

Compassionate Conservatism Confronts Global Poverty
Brainard, L. (2003)

On the street: destitution
Harriss-White, B. (2003)

The Long-Run Effects of Trade on Income and Income Growth
Brunner, A. (2003)

The Impact of External Indebtedness on Poverty in Low-Income Countries
Loko, B., M. Mlachila, R. Nallari & K. Kalonji (2003)

Ways Out of Poverty: Diffusing Best Practices and Creating Capabilities—Perspectives on Policies for Poverty Reduction
Klein, M. (2003)

Why are Poor Countries Poor? A Message of Hope which Involves the Resolution of a Becker/Lucas Paradox   Acrobat Required
Cohen, D. & M. Soto (2003)

Macroeconomic Performance and Poverty Reduction
Epaulard, A. (2003)

Staying Poor: Chronic Poverty and Development Policy
Chronic Poverty Research Centre (Various) (2003)

Targeted Transfers in Poor Countries: Revisiting the Tradeoffs and Policy Options
Ravallion, M. (2003)

Trade liberalization, poverty and efficient equity   ScienceDirect Required
Harrison, G.W., T.F. Rutherford & D.G. Tarr (2003)

The Quantity and Quality of Life and the Evolution of World Inequality
Becker, G.S., T.J. Philipson & R.R. Soares (2003)

Measuring Poverty in a Growing World (or Measuring Growth in a Poor World) | Published   Recommended!   Ingenta Select Required
Deaton, A. (2003/2005)

Abstract: The extent to which growth reduces global poverty has been disputed for 30 years. Although there are better data than ever before, controversies are not resolved. A major problem is that consumption measured from household surveys, which is used to measure poverty, grows less rapidly than consumption measured in national accounts, in the world as a whole and in large countries, particularly India, China, and the United States. In consequence, measured poverty has fallen less rapidly than appears warranted by measured growth in poor countries. One plausible cause is that richer households are less likely to participate in surveys. But growth in the national accounts is also upward biased, and consumption in the national accounts contains large and rapidly growing items that are not consumed by the poor and not included in surveys. So it is possible for consumption of the poor to grow less rapidly than national consumption, without any increase in measured inequality. Current statistical procedures in poor countries understate the rate of global poverty reduction, and overstate growth in the world.

The Economic Tragedy of the XXth Century: Growth in Africa   Recommended!
Artadi, E.A. & X. Sala-i-Martin (2003)

Abstract: The dismal growth performance of Africa is the worst economic tragedy of the XXth century. We document the evolution of per capita GDP for the continent as a whole and for subset of countries south of the Sahara desert. We document the worsening of various income inequality indexes and we estimate poverty rates and headcounts. We then analyze some of the central robust determinants of economic growth reported by Sala-i-Martin, Doppelhofer and Miller (2003) and project the annual growth rates Africa would have enjoyed if these key determinants had taken OECD rather than African values. Expensive investment goods, low levels of education, poor health, adverse geography, closed economies, too much public expenditure and too many military conflicts are seen as key explanations of the economic tragedy.

The Integrated Macroeconomic Model for Poverty Analysis: A Quantitative Macroeconomic Framework for the Analysis of Poverty Reduction Strategies
Fofack, H., P.R. Agénor & A. Izquierdo (2003)

Sharing Global Prosperity   Recommended!
Various Authors (2003)

Abstract: Papers for the UN/WIDER Conference on "Sharing Global Prosperity" at Helsinki, Finland on Sep 6-7, 2003.

Halving Global Poverty   Ingenta Select Required
Besley, T. & R. Burgess (2003)

Can Foreign Aid Buy Growth?   Ingenta Select Required
Easterly, W. (2003)

Forget the neo-liberal myth: state-market synergies in poverty reduction
Henderson, J. (2003)

When is growth pro-poor? Cross-country evidence | Alternative | Published   ScienceDirect Required
Kraay, A. (2004/06)

Financial Market Globalization, Symmetry-Breaking, and Endogenous Inequality of Nations   Wiley Interscience Required
Matsuyama, K. (2004)

Trade Liberalization and Poverty: The Evidence So Far   Ingenta Select Required
Winters, L.A., N. McCulloch N. & A. McKay (2004)

Competing Concepts of Inequality in the Globalization Debate
Ravallion, M. (2004)

Half a World: Regional inequality in five great federations
Milanovic, B. (2004)

Aid, Poverty Reduction and the 'New Conditionality'   Wiley Interscience Required
Mosley, P., J. Hudson & A. Verschoor (2004)

Finance, Inequality, and Poverty: Cross-Country Evidence   Recommended!
Beck, T., A. Demirgüç-Kunt & R. Levine (2004)

Abstract: While substantial research finds that financial development boosts overall economic growth, Beck, Demirgüç-Kunt, and Levine study whether financial development is pro-poor: Does financial development disproportionately raise the income of the poor? Using a broad cross-country sample, the authors find that the answer is yes: Financial intermediary development reduces income inequality by disproportionately boosting the income of the poor and therefore reduces poverty. This result is robust to controlling for simultaneity bias and reverse causation.

How Have the World’s Poorest Fared Since the Early 1980s?   Recommended!
Chen, S. & M. Ravallion (2004)

Abstract: Chen and Ravallion present new estimates of the extent of the developing world’s progress against poverty. By the frugal $1 a day standard, they find that there were 1.1 billion poor in 2001—almost 400 million fewer than 20 years earlier. Over the same period, the number of poor declined by more than 400 million in China, though half of this decline was in the first few years of the 1980s. The number of poor outside China rose slightly over the period. A marked bunching up of people between $1 and $2 a day has also emerged. Sub-Saharan Africa has become the region with the highest incidence of extreme poverty and the greatest depth of poverty. If these trends continue, then the aggregate $1 a day poverty rate for 1990 will be halved by 2015, though only East and South Asia will reach this goal.

A Behavioral-Economics View of Poverty   Ingenta Select Required
Bertrand, M., S. Mullainathan & E. Shafir

Globalization, Poverty, and Inequality since 1980
Dollar, D. (2004)

Pro-Growth, Pro-Poor: Is There a Tradeoff?
Lopez, H. (2004)

A Unified Framework for Pro-Poor Growth Analysis
Essama-Nssah, B. (2004)

Inequality and Globalization: A Comment on Firebaugh and Goesling
Wade, R.H. (2004)

Looking beyond Averages in the Trade and Poverty Debate | Published   ScienceDirect Required
Ravallion, M. (2004/06)

Trade and inequality in developing countries: a general equilibrium analysis   ScienceDirect Required
Zhu, S.C. & D. Trefler (2004)

Does Food Aid Harm the Poor? Household Evidence from Ethiopia
Levinsohn, J. & M. McMillan (2005)

Roads Out of Poverty? Assessing the Links between Aid, Public Investment, Growth, and Poverty Reduction | Published   ScienceDirect Required
Agenor, P-R., K. El Aynaoui & N. Bayraktar (2005/08)

Inequality and Institutions
Chong, A. & M. Gradstein (2005)

The limitations of decentralized world redistribution: An optimal taxation approach   ScienceDirect Required
Kopczuk, W., J. Slemrod & S. Yitzhaki (2005)

Decentralizing antipoverty program delivery in developing countries   ScienceDirect Required
Bardhan, P. & D. Mookherjee (2005)

Inequality, Poverty, and Growth: Cross-Country Evidence
Iradian, G. (2005)

The Quantity and Quality of Life and the Evolution of World Inequality   Ingenta Select Required
Becker, G.S., T.J. Philipson & R.R. Soares (2005)

A Poverty-Inequality Trade-off?
Ravallion, M. (2005)

Grants for the World’s Poorest: How the World Bank Should Distribute Its Funds
Radelet, S. (2005)

Evaluating Anti-Poverty Programs
Ravallion, M. (2005)

Openness and inequality in developing countries: A review of theory and recent evidence   ScienceDirect Required
Anderson, E. (2005)

Globalization and the inequality among nations: A VAR approach   ScienceDirect Required
Dutt, A.K. & K. Mukhopadhyay (2005)

A Poverty-inequality Trade-off?   Recommended!
Ravallion, M. (2005)
Abstract: The idea that developing countries face a trade-off between poverty and inequality has had considerable influence on thinking about development policy. The experience of developing countries in the 1990s does not, however, reveal any sign of a systematic trade-off between measures of absolute poverty and relative inequality. Indeed, falling inequality tends to come with falling poverty incidence. And rising inequality appears more likely to be putting a brake on poverty reduction than to be facilitating it. However, there is evidence of a trade-off for absolute inequality, suggesting that those who want a lower absolute gap between the rich and the poor must in general be willing to see lower absolute levels of living for poor people.

Inequality   SURVEY PAPER
Glaeser, E.L. (2005)

Do international migration and remittances reduce poverty in developing countries?   ScienceDirect Required
Adams, Jr., R.H. & J. Page (2005)

Worlds Apart: Measuring International and Global Inequality
Milanovic, B. (2005)

Abstract: We are used to thinking about inequality within countries--about rich Americans versus poor Americans, for instance. But what about inequality between all citizens of the world? Worlds Apart addresses just how to measure global inequality among individuals, and shows that inequality is shaped by complex forces often working in different directions. Branko Milanovic, a top World Bank economist, analyzes income distribution worldwide using, for the first time, household survey data from more than 100 countries. He evenhandedly explains the main approaches to the problem, offers a more accurate way of measuring inequality among individuals, and discusses the relevant policies of first-world countries and nongovernmental organizations. Inequality has increased between nations over the last half century (richer countries have generally grown faster than poorer countries). And yet the two most populous nations, China and India, have also grown fast. But over the past two decades inequality within countries has increased. As complex as reconciling these three data trends may be, it is clear: the inequality between the world's individuals is staggering. At the turn of the twenty-first century, the richest 5 percent of people receive one-third of total global income, as much as the poorest 80 percent. While a few poor countries are catching up with the rich world, the differences between the richest and poorest individuals around the globe are huge and likely growing.

Re-interpreting Sub-group Inequality Decompositions
Elbers, C., P. Lanjouw, J.A. Mistiaen & B. Ozler (2005)

Sustaining Growth Accelerations and Pro-Poor Growth in Africa
Pattillo, C.A., S. Gupta & K.J. Carey (2005)

Poverty impacts of a WTO agreement: synthesis and overview   SURVEY3 PAPER
Hertel, T.W. & L.A. Winters (2005)

Simulating the poverty impact of macroeconomic shocks and policies
Essama-Nssah, B. (2005)

Fractal poverty traps   ScienceDirect Required
Barretta, C.B. & B.M. Swallowa (2005)

Economic Transformation, Population Growth, and the Long-Run World Income Distribution
Chamon, M. & M. Kremer (2006)

Pending issues in protection, productivity growth, and poverty reduction
Cunnigham, W., G.L. Acevedo, J. Saavedra, M. Santamaria, A. Blom, L. Siga, M. Bosch, W. Maloney, A. Fiszbein, O. Arias & C. Sanchez-Paramo (2006)

Tracking poverty over time in the absence of comparable consumption data
Stifel, D. & L. Christiaensen (2006)

A normal relationship? Poverty, growth, and inequality
Lopez, H. & L. Serven (2006)

Inequality of opportunity and economic development
Ferreira, F.H.G. & M. Walton (2006)

How fast did developing country poverty fall during the 1990s? Capabilities-based tests of rival estimates   ScienceDirect Required
McLeod, D. (2006)

The Big Push Deja Vu: A Review of Jeffrey Sachs's The End of Poverty: Economic Possibilities for Our Time   Ingenta Select Required
Easterly, W. (2006)

How Costly is it for Poor Farmers to Lift Themselves out of Subsistence?
Cadot, O., L. Dutoit & M. Olarreaga (2006)

Growth and Volatility in an Era of Globalization
Kose, M.A., E.S. Prasad & M.E. Terrones (2006)

Defining and measuring extreme poverty   ScienceDirect Required
Makdissi, P. & Q. Wodon (2006)

HIV/AIDS: The Impact on Poverty and Inequality
Salinas, G. & M. Haacker (2006)

Globalization and Poverty | Published   Recommended!   CONFERENCE VOLUME
Harrison, A. (2006/07)

Abstract: While anti-globalization activists mount loud critiques and the media report breathlessly on globalization's perils and promises, economists have largely remained silent, in part because of an entrenched institutional divide between those who study poverty and those who study trade and finance. Globalization and Poverty bridges that gap, bringing together experts on both international trade and poverty to provide a detailed view of the effects of globalization on the poor in developing nations.

Did growth become less pro-poor in the 1990s?
Lopez, H. (2006)

Channels and policy debate in the globalization–inequality–poverty nexus   ScienceDirect Required
Nissanke, M. & E. Thorbecke (2006)

Globalization, poverty, and inequality: What is the relationship? What can be done?   ScienceDirect Required
Basu, K. (2006)

Globalization and rural poverty   ScienceDirect Required
Bardhan, P. (2006)

Global Income Inequality: What it is and Why it Matters   Acrobat Required
Milanovic, B. (2006)

Global Redistribution of income
Bourguignon, F., V. Levin & D. Rosenblatt (2006)

Openness, inequality, and poverty: endowments matter
Gourdon, J., N. Maystre & J. de Melo (2006)

Globalisation, Inequality and Poverty Relationships: A Cross Country Evidence
Neutel, M. & A. Heshmati (2006)

Is Democracy Good for the Poor?   Wiley Interscience Required
Ross, M. (2006)

Examining Inequality: Who Really Benefits from Global Growth?   ScienceDirect Required
Edward, P. (2006)

A New Framework for the Analysis of Inequality
Cunha, F. & J.J. Heckman (2006)

Has globalization increased inequality? | Published   Acrobat Required   Wiley Interscience Required
Dreher, A. & N. Gaston (2006/08)

On the Conflict-Poverty Nexus   Wiley Interscience Required
Blomberg, S.B., G.D. Hess & S. Thacker (2006)

Economic Development as Opportunity Equalization   Acrobat Required
Roemer, J.E. (2006)

Openness, Inequality and Poverty: Endowments Matter
De Melo, J., J. Gourdon & N. Maystre (2006)

Updating Poverty Maps with Panel Data   ScienceDirect Required
Emwanu, T., J.G. Hoogeveen & P.O. Okwi (2006)

Measuring the pro-poorness of income growth within an elasticity framework
Essama-Nssah, B. & P.J. Lambert (2006)

Purchasing power parity exchange rates for the poor: using household surveys to construct PPPs   Recommended!   Acrobat Required
Deaton, A. (2006)

Abstract: This paper builds a bridge between two literatures, that on purchasing power parity (PPP) exchange rates, which is an extension of national income accounting, and that on poverty measurement, which is based on household survey data on consumption expenditures. It also aims to serve as a manual for those who wish to calculate PPP price indexes using household surveys, particularly, although not exclusively, the PPP price indexes for the poor to be used to construct internationally comparable poverty lines. Because poverty analysts are often unfamiliar with PPP construction, PPP indexes are dealt with from something like first principles. The paper begins with the idea that PPP price indexes, like the usual domestic consumer price indexes, can be computed using weights from household surveys. Section 1 deals with the case of two countries, each with a set of consumer prices, and each with a household survey detailing expenditures on each good for a national sample of households. This first section is concerned with national aggregates, as in standard PPP comparisons, so that the household survey is used only to provide the national average consumption pattern. In this simplified two-country case, where the object of interest is a standard national PPP consumption comparison, it is possible to set up a framework that can be easily extended to deal with many countries and with poverty-weighting. In particular, standard errors are defined and formulas given. Prices are treated as known, so that the source of estimation variance is the sampling variability of the expenditure weights from the household survey, a sampling variability that depends on the sample size and on the survey design. A second type of standard error is distinguished which is new to the literature. In a world of perfect arbitrage and costless trade, relative prices would be the same in all countries, and all methods of c omputing PPP indexes would give the same answer. Deviations of prices from this ideal give rise to uncertainty about the index. Treating these deviations as random, as in the stochastic approach to price indexes, but with expenditure weights as non-stochastic, gives a second set of standard errors that reflect the uncertainty associated with the failure of arbitrage that is the fundamental reason why we need PPP index numbers. Formulas are given for these standard errors for the usual PPP price index numbers, including the Fisher and Törnqvist versions of the EKS index, as well as weighted CPD indexes. Section 2 provides illustrative calculations for a national consumer PPP index for food, fuel, alcohol, and tobacco for Indonesia in terms of India in 1999–2000. Section 3 extends the two-country analysis to the case of “poverty” PPPs, which are international price indexes calculated for people at or near the poverty line, under the requirement that the ratio of the two poverty lines is equal to the PPP index. It shows that, when the Engel curves take a specific but realistic functional form, there is a closed form solution for the poverty PPP index, and proposes using this case as a starting value for a non-parametric, but iterative, calculation. Section 4 applies this case to the Indonesian to Indian comparison. Section 5 extends the analysis in Sections 1 and 3 to the multiple country case, and Section 6 provides illustrative calculations of food and tobacco PPPs for India, Indonesia, Bangladesh, and Pakistan.

Epistemology, Normative Theory and Poverty Analysis: Implications for Q-Squared in Practice   ScienceDirect Required
Kanbur, R. & P. Shaffer (2007)

Does Trade and Technology Transmission Facilitate Inequality Convergence? An Inquiry into the Role of Technology in Reducing the Poverty of Nations
Das, G.G. (2007)

Lucas vs. Lucas: On Inequality and Growth   Recommended!
Cordoba, J-C. & G. Verdier (2007)

Abstract: Lucas (2004) asserts that "Of the tendencies that are harmful to sound economics, the most seductive, and in my opinion the most poisonous, is to focus on questions of distribution... The potential for improving the lives of poor people by finding different ways of distributing current production is nothing compared to the apparently limitless potential of increasing production." In this paper we evaluate this claim using an extended version of Lucas' (1987) welfare-evaluation framework. Surprisingly, we find that the welfare costs of inequality outweigh the benefits of growth in most cases. These calculations support the case for a research agenda that treats not only growth but also inequality as a priority.

Costly Intermediation and the Poverty of Nations   Wiley Interscience Required
Chakraborthy, S. & A. Lahiri (2007)

Reassessing the Impact of Barriers to Capital Accumulation on International Income Differences   Wiley Interscience Required
Landon-Lane, J.S. & P.E. Robertson (2007)

Inequality and Growth: Theory and Policy Implications   Recommended!   EDITED COLLECTION
Eicher, T.S. & S.J. Turnovsky (Editors) (2007)

Abstract: Essays exploring the relationship between economic growth and inequality and the implications for policy makers.

On the Definition and Measurement of Chronic Poverty
Aaberge, R. & M. Mogstad (2007)

Not by growth alone: The role of the distribution of income in regional diversity in poverty reduction   ScienceDirect Required
Kalwij, A. & A. Verschoor (2007)

The food problem and the evolution of international income levels   ScienceDirect Required
Gollin, D., S.L. Parente & R. Rogerson (2007)

Pathways Out of Poverty During an Economic Crisis: An Empirical Assessment of Rural Indonesia
Timmer, C.P., J. Weisbrod & N. McCulloch (2007)

Income inequality and colonialism   ScienceDirect Required s
Angeles, L. (2007)

Development and inequality: Evidence from an endogenous switching regression without regime separation   ScienceDirect Required
Chen, Z. (2007)

New evidence on the urbanization of global poverty
Sangraula, P., S. Chen & M. Ravallion (2007)

Absolute poverty measures for the developing world, 1981-2004
Ravallion, M. & S. Chen (2007)

Sources of Lifetime Inequality
Huggett, M., G. Ventura & A. Yaron (2007)

A poverty-focused evaluation of commodity tax options
Essama-Nssah, B. (2007)

Globalization and Income Inequality: A European Perspective
Harjes, T. (2007)

New Directions in the Analysis of Inequality and Poverty
Jenkins, S.P. & J. Micklewright (2007)

How important is discount rate heterogeneity for wealth inequality?   ScienceDirect Required
Hendricks, L. (2007)

Relative Income, Happiness and Utility: An Explanation for the Easterlin Paradox and Other Puzzles
Clark, A., P. Frijters & M.A. Shields (2007)

Sources of Lifetime Inequality   Acrobat Required
Huggett, M., G. Ventura & A. Yaron (2007)

Global inequality and global macroeconomics   ScienceDirect Required
Galbraith, J.K. (2007)

How much should we care about changing income inequality in the course of economic growth?   ScienceDirect Required
Fields, G.S. (2007)

Economic development and income distribution   ScienceDirect Required
Campano, F.& D. Salvatore (2007)

On income distribution and growth   ScienceDirect Required
Baumol, W.J. (2007)

Growth, international inequalities, and poverty in a globalizing world   ScienceDirect Required
Salvatore, D. (2007)

Patterns of income distribution among world regions   ScienceDirect Required
Walker, D.O. (2007)

Distribution and development in a model of misgovernance   ScienceDirect Required
Blackburn. K. & G.F. Forgues-Puccio (2007)

How corruption hits people when they are down   ScienceDirect Required
Hunt, J. (2007)

Inequality does cause underdevelopment: Insights from a new instrument   ScienceDirect Required
Easterly, W. (2007)

Poverty, relative to the ability to eradicate it: An index of poverty reduction failure   ScienceDirect Required
Kanbur, R. & D. Mukherjee (2007)

Realizing the Gains From Trade: Export Crops, Marketing Costs, and Poverty
Balat, J., I. Brambilla & G. Porto (2007)

Globalization and Income Inequality
Meschi, E.F. & M. Vivarelli (2007)

Poverty analysis using an international cross-country demand system
Cranfield, J.A.L.. P.V. Preckel & T.W. Hertel (2007)

How might climate change affect economic growth in developing countries? A review of the growth literature with a climate lens
Lecocq, F. & Z. Shalizi (2007)

An equilibrium model of wealth distribution   ScienceDirect Required
Wang. N. (2007)

Gender equality, poverty and economic growth
Morrison, A., D. Raju & N. Sinha (2007)

Sustainability and Optimality in Economic Development: Theoretical Insights and Policy Prospects   Acrobat Required
Farzin, Y.H. (2007)

The Construction and Interpretation of Combined Cross-Section and Time-Series Inequality Datasets   Acrobat Required
Francois, J. & H. Rojas-Romagosa (2007)

Wealth inequality and collective action   ScienceDirect Required
Bardhan, P., M. Ghatak & A. Karaivanov (2007)

Measuring Ancient Inequality
Milanovic, B., P.H. Lindert & J.G. Williamson (2007)

The Evolution of Income and Fertility Inequalities Over the Course of Economic Development   Acrobat Required
Ehrlich, I. & J. Kim (2007)

How relevant is targeting to the success of an antipoverty program
Ravallion, M. (2007)

Does employment generation really matter for poverty reduction?   Acrobat Required
Serneels, P., P. Paci, C. Orecchia & C. Gutierrez (2007)

An Analysis of Income Distribution between the North and the South: the Grossman-Helpman and Lai Results Re-examined   Wiley Interscience Required
Shimizu, T., Y. Okawa & H. Okamoto (2008)

Income Distribution Dynamics and Pro-Poor Growth in the World from 1970 to 2003   Acrobat Required
Holzmann, H., S. Vollmer & J. Weisbrod (2007)

Twin Peaks or Three Components? - Analyzing the World's Cross-Country Distribution of Income   Acrobat Required
Holzmann, H., S. Vollmer & J. Weisbrod (2007)

Poverty traps: a perspective from development economics   Acrobat Required
Sindzingre, A.N. (2007)

Distributional effects of educational improvements: are we using the wrong model?
Bourguignon, F. & F.H. Rogers (2007)

On the welfarist rationale for relative poverty lines   Acrobat Required
Ravallion, M. (2008)

Who Needs Strong Leaders?   Acrobat Required
Chong, A. & M. Gradstein (2008)

Economic Growth and Poverty Reduction: Measurement Issues using Income and Non-Income Indicators   ScienceDirect Required
Klasen, S. (2008)

Why are ethnically divided countries poor?   ScienceDirect Required
Bridgman, B. (2008)

What is Middle Class about the Middle Classes Around the World? | Published   Ingenta Select Required
Banerjee, A.V. & E. Duflo (2008)

Aging and Death under a Dollar a Day
Banerjee, A. & E. Duflo (2008)

Accounting for Growth: Comparing China and India   Ingenta Select Required
Bosworth, B. & S.M. Collins (2008)

The world's most deprived: Characteristics and causes of extreme poverty and hunger   Acrobat Required   Recommended!
Ahmed, A.U., R.V. Hill, L.C. Smith, D.M. Wiesmann, T. Frankenberger, K. Gulati, W. Quabili & Y. Yohannes (2008)

Abstract: At the turn of the millennium seven years ago, the international community made a commitment to halve the proportion of people living in extreme poverty and hunger between 1990 and 2015. Now, at the halfway point between the millennium declaration and the deadline, it is clear the world has achieved considerable progress. However, though poverty and malnutrition rates are declining, it is less clear who is actually being helped. Are development programs reaching those most in need, or are they primarily benefiting those who are easier to reach, leaving the very poorest behind?

What Do We Know about Global Income Inequality?   Ingenta Select Required
Anand, S. & P. Segal (2008)

The Global Distribution of Income in 2050   ScienceDirect Required
Hillebrand, E. (2008)

Cross-national trends in earnings inequality and instability   ScienceDirect Required
Daly, M.C. & R.G. Valletta (2008)

Reflections on the Macro Foundations of the Middle Class in the Developing World
Birdsall, N. (2008)

The Missing Dimensions of Poverty Data: An Introduction   Acrobat Required
Alkire, S. (2008)

Poverty and Violent Conflict: A Micro-Level Perspective on the Causes and Duration of Warfare   Acrobat Required
Justino, P. (2008)

Measuring Pro-Poor Growth in Non-Income Dimensions   ScienceDirect Required
Grosse, M., KJ Harttgen & S. Klasen (2008)

Global Estimates of Pro-Poor Growth   ScienceDirect Required
Son, H.H. & N. Kakwani (2008)

On the Watts Multidimensional Poverty Index and its Decomposition   ScienceDirect Required
Chakravarty, S.R., J. Deutsch & J. Silber (2008)

Knightian uncertainty and poverty trap in a model of economic growth   ScienceDirect Required
Fukuda, S-I. (2008)

Global macroeconomic developments and poverty   Acrobat Required
Bonilla, E.D. (2008)

Conspicuous Consumption, Human Capital and Poverty
Moav, O. & Z. Neeman (2008)

Heterogeneous Agents, Human Capital Formation and International Income Inequality   Acrobat Required
Munandar, H. (2008)

Age, Luck, and Inheritance
Benhabib, J. & S. Zhu (2008)

Dollar a day revisited
Ravallion, M., S. Chen & P. Sangraula (2008)

Are low food prices pro-poor? net food buyers and sellers in low-income countries
Aksoy, M.A. & A. Isik-Dikmelik (2008)

Reassessing the relationship between inequality and development   Acrobat Required
Francois, J.F. & H. Rojas-Romagosa (2008)

Kernel Density Estimation Based on Grouped Data: The Case of Poverty Assessment
Minoiu, C. & S.G. Reddy (2008)

The growth–inequality association: Government ideology matters   ScienceDirect Required
Bjørnskov, C. (2008)

The effect of measurement error on the estimated shape of the world distribution of income   ScienceDirect Required
Parmeter, C.F. (2008)

Understanding the investment and abandonment behavior of poor households: An empirical investigation   Acrobat Required
Vargas-Hill, R. (2008)

An Empirical Test of the Poverty Traps Hypothesis   Acrobat Required
Rodríguez, F. (2008)

The developing world is poorer than we thought, but no less successful in the fight against poverty   Acrobat Required
Chen, S. & M. Ravallion (2008)

Global poverty and inequality: a review of the evidence   SURVEY PAPER   Acrobat Required
Ferreira, F.H.G. & M. Ravallion (2008)

Inequality and Growth Revisited   Acrobat Required
Barro, R.J. (2008)

On the Macroeconomics of Microfinance   Acrobat Required
Batbekh, S. & K. Blackburn (2008)

Growth is Good for Whom, When, How? Economic Growth and Poverty Reduction in Exceptional Cases   ScienceDirect Required
Donaldson, J.A. (2008)

Is Economic Growth Good for the Poor? Tracking Low Incomes Using General Means   Wiley Interscience Required
Foster, J.E. & M. Székely (2008)

Bailing out the world's poorest
Ravallion, M. (2008)

A Human Development Index by Income Groups   ScienceDirect Required
Grimm, M., K. Harttgen, S. Klasen & M. Misselhorn (2008)

The World Distribution of Household Wealth   Acrobat Required
Davies, J.B., S. Sandstrom, A. Shorrocks & E.N. Wolff (2008)

Measurement and Explanation of Inequality in Health and Health Care in Low-Income Settings   Acrobat Required
van Doorslaer, E. & O. O'Donnell (2008)

International Redistribution of Income   ScienceDirect Required
Bourguignon, F., V. Levin & D. Rosenblatt (2008)

Trade and Income Inequality in Developing Countries   ScienceDirect Required
Meschi, E. & M. Vivarelli (2009)

Globalization and Income Distribution: A Specific Factors Continuum Approach
Anderson, J.E. (2008)

Matching and Inequality in the World Economy
Costinot, A. & J. Vogel (2009)

Weakly relative poverty
Ravallion, M. & S. Chen (2009)

Global income distribution and poverty in the absence of agricultural distortions
Bussolo, M., R. De Hoyos & D. Medvedev (2009)

Five Decades of Consumption and Income Poverty
Meyer, B.D. & J.X. Sullivan (2009)

Poverty effects of higher food prices: a global perspective
De Hoyos, R.E. & D. Medvedev (2009)

Zooming in: from aggregate volatility to income distribution
Calderon, C. & E. Levy Yeyati (2009)

The Importance of History for Economic Development
Nunn, N. (2009)

Global Relative Poverty
Nielsen, L. (2009)

Global Relative Poverty   Acrobat Required
Nielsen, L. (2009)

The Impact of Simple Institutions in Experimental Economies with Poverty Traps   Wiley Interscience Required
Capra, C.M., T. Tanaka, C.F. Camerer, L. Feiler, V. Sovero & C.N. Noussair (2009)

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