Keefer reviews progress made in understanding the effects of different dimensions of governance on economic development, and the sources of quot;good governance.quot; The term governance has been used to embrace concepts that are heterogeneous both with respect to their effects on economic...

The existing literature emphasizes and contrasts the role of political checks and balances and legal origin in determining the pace of financial sector development. This paper expands substantially on one aspect of this debate: the fact that government actions that promote financial sector...

Keefer proposes a new approach to explain why the costs of crisis are greater in some countries than in others. He begins with the premise that many crises result from the willingness of politicians to cater to special interests at the expense of broad social interests. A parsimonious model...

Government responses to banking crises are less likely to favor special interest groups when elections are near, voters are better informed about the costs of inefficient government decisions, and governments have multiple veto players.Keefer investigates the political determinants of government...

We use a "natural experiment” in media markets in Benin to examine the impact of community radio on government responsiveness to citizens. Contrary to prior research on the impact of mass media, in this experiment government agents do not provide greater benefits to citizens whose exposure to...

The use of linear error correction models based on stationarity and cointegration analysis, typically estimated with least squares regression, is a common technique for financial time series prediction. In this paper, the same formulation is extended to a nonlinear error correction model using...

A pesar de la importante magnitud alcanzada por Sierra Productiva durante casi 20 años de intervención –tanto en términos de cobertura como de incidencia en la política nacional–, no se contaba con una evaluación sobre el alcance real de sus resultados a nivel agregado, e incluso las...

A lo largo de las últimas décadas la Sierra rural ha sido escenario de múltiples intervenciones. El presente libro tiene como propósito comparar el desempeño relativo de dos proyectos que han venido trabajando para mejorar las condiciones de vida de la población rural pobre de la Sierra...