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The paper lays out basic design options for infrastructure policy. It first sketches mechanisms to asses demand. Then it sets out a hierarchy of issues starting with choice of market structure followed by conduct regulation. Ownership options are largely a function of market structure choices....
Persistent link: https://www.econbiz.de/10012974813
The paper lays out basic design options for infrastructure policy. It first sketches mechanisms to asses demand. Then it sets out a hierarchy of issues starting with choice of market structure followed by conduct regulation. Ownership options are largely a function of market structure choices....
Persistent link: https://www.econbiz.de/10013096078
-Saharan Africa; these changes went undetected by standard inequality measures. By developing a new decomposition technique based on a …
Persistent link: https://www.econbiz.de/10012912333
This paper is motivated by two stylized facts about poverty in Africa: female-headed households tend to be poorer, and … fared? And what role have they played in Africa's impressive recent aggregate growth and poverty reduction? Using data … product has dampened rising female headship. However, other subtle transformations occurring across Africa?changes in marriage …
Persistent link: https://www.econbiz.de/10012971528
Africa will be undergoing substantial demographic changes in the coming decades with the rising working age share of … catch up to other developing countries. If the skill share of Africa's labor supply doubles because of improvements in …
Persistent link: https://www.econbiz.de/10012972402
International poverty estimates for countries in Africa commonly rely on national consumer price indexes to adjust …
Persistent link: https://www.econbiz.de/10012967120
We propose alternative methods to project pension rights and implement them in Chile and Uruguay and partially in Argentina. We use incomplete work histories databases from the social security administrations to project entire lifetime work histories. We first fit linear probability and duration...
Persistent link: https://www.econbiz.de/10013142131
Over the past decades, many countries have implemented significant reforms to foster capital market development. Latin American countries were at the forefront of this process. The authors analyze where Latin American capital markets stand after these reforms. They find that despite the intense...
Persistent link: https://www.econbiz.de/10012747821
This paper argues that the cross-market premium (the ratio between the domestic and the international market price of cross-listed stocks) provides a valuable measure of international financial integration, reflecting accurately the factors that segment markets and inhibit price arbitrage....
Persistent link: https://www.econbiz.de/10012757051
This paper surveys the literature to document the main stylized facts, risks, and policy challenges related to the expansion of global nonfinancial corporate debt after the 2008–09 global financial crisis. Nonfinancial corporate debt steadily increased after the crisis, especially in emerging...
Persistent link: https://www.econbiz.de/10012823367