Since almost two decades back a large number of LDCs have embarked on World Bank supported structural adjustment programs with the objective to promote econ-omic growth and private investment. I consider how the design of reform programs can increase reform credibility and thus reduce...

We examine the role of government for growth in 64 industrialized and developing countries, considering both expenditure and financing aspects of government. Recognizing that there are differences between the two country groups leading to severe heteroskedasticity, we use weighted least squared...

This paper analyzes the effects of economic reforms for different income groups. My interest is spurred by the international debate on the social consequences of reforms and the potential adverse effects on poverty in particular. I find that the poor are in general positively affected by trade...