The Economic Development and Poverty Reduction Program of Georgia (EDPRP) is the first full poverty reduction strategy paper (PRSP) prepared by the government. The PRSP presents two macroeconomic scenarios, a realistic one and an optimistic one. The presentation of fiscal policy objectives in...

The Joint Staff Assessment reviews the government's progress in implementing the Uganda Poverty Eradication Action Plan (PEAP), and serves as Uganda's third annual Poverty Reduction Strategy Paper (PRSP) progress report. The Report indicates that the government has made satisfactory progress in...

This paper presents the Joint Staff Assessment of the Poverty Reduction Strategy Paper (PRSP) for Mali. The PRSP finalized by the Malian authorities in May 2002 presents a credible policy framework to reduce poverty. The PRSP acknowledges the need for further work to systematize participation...

This paper constructs China's capital stock, which is used in conjunction with a labor variable to estimate a Cobb-Douglas production function for the Chinese economy. Two panels of data are used one for capital formation and one for sources of investment finance. Both national and provincial...

This paper constructs China's capital stock, which is used in conjunction with a labor variable to estimate a Cobb-Douglas production function for the Chinese economy. Two panels of data are used one for capital formation and one for sources of investment finance. Both national and provincial...

The financial turmoil of the late 1990s prompted a broad search for tools and techniques for detecting and preventing financial crises, and more recent episodes of instability have high lighted the importance of continuous monitoring of financial systems as a tool for preventing crises. This...

This paper studies the relationship between economic growth and financial development in China during the post-1978 reform period. Recent studies, based on cross-country data, have found a positive association between these two variables. We find that while a positive correlation between growth...