This paper examines the correlates of success of development policy lending operations of the World Bank between 2004 and 2012. The paper uses a data set constructed of individual loan characteristics and ex-post loan ratings produced by the World Bank's Independent Evaluation Group. Departing...

This paper investigates the impact of World Bank development policy operations on the quality of economic policy during the period 1998-2015. A new theoretical framework distinguishes among three effects that have been conflated hitherto: (a) marginal impacts of additional policy actions within...

This paper examines the correlates of success of development policy lending operations of the World Bank between 2004 and 2012. The paper uses a data set constructed of individual loan characteristics and ex-post loan ratings produced by the World Bank's Independent Evaluation Group. Departing...

Using a fairly rich data set from South Africa, the paper finds that, despite the sobriquet 'gutter education', the African schooling systems help to create cognitive skills, and these skills are a determinant of wage levels. Various robust estimators are used but the influential outlier problem...

The book contributes to the emerging discussion on redistribution in South Africa. A team of South African economists, point to the potential for redistribution through the budget, and stress the importance of rapid economic growth to alleviate poverty. (DÜI-Sbd)