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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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How unequal is the world today? Is global income inequality falling, as many economists claim, or is it rising, as one often hears? This paper reviews the arguments and evidence. A number of concerns about the underlying data are identified, with biases going in both directions. Conceptual...
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progress. The ambitious target would require about a 1 percentage point higher growth rate for the gross domestic product of … expected growth rates but at the lower level of inequality in 1999 …
Persistent link: https://www.econbiz.de/10011395490
While the 2008 financial crisis is global in nature, it is likely to have heterogeneous welfare impacts within the developing world, with some countries, and some people, more vulnerable than others. It also threatens to have lasting impacts for some of those affected, notably through the...
Persistent link: https://www.econbiz.de/10010520996