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What major insights have emerged from development economics in the past decade, and how do they matter for the World Bank? This challenging question was recently posed by World Bank Group President David Malpass to the staff of the Development Research Group. This paper assembles a set of 13...
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This is the background paper for the productivity extension of the World Bank's Long-Term Growth Model (LTGM). Based on … an extensive literature review, the paper identifies the main determinants of economic productivity as innovation … Penn World Table, and assesses the pattern of productivity growth across regions and income groups over the same sample …
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Is there a tradeoff between raising growth and reducing inequality and poverty? This paper reviews the theoretical and … empirical literature on the complex links between growth, inequality, and poverty, with causation going in both directions. The … evidence suggests that growth can be effective in reducing poverty, but its impact on inequality is ambiguous and depends on …
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poor rose over 1981-2005, despite falling numbers of absolutely poor. With sustained economic growth, the incidence of … relative poverty becomes less responsive to further growth. Slower progress against relative poverty can thus be seen as the …
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