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politician race on public finance. I overcome the endogeneity between electoral preferences and black representation using the … number of free blacks in the antebellum era (1860) as an instrument for black political leaders during Reconstruction. IV … race has large effects on public finance and individual outcomes over and above electoral preferences for redistribution …
Persistent link: https://www.econbiz.de/10012453523
The channels by which better health leads to higher income, and those by which higher income protects health status, are of interest to both researchers and policy makers. In general, quantifying the impact of income on health is difficult, given the simultaneous determination of health and...
Persistent link: https://www.econbiz.de/10012470223
This paper analyzes the impact of high school household income and scholastic ability on post-secondary enrollment in South Africa. Using longitudinal data from the Cape Area Panel Study (CAPS), we analyze the large racial gaps in the proportion of high school graduates who enroll in university...
Persistent link: https://www.econbiz.de/10012459054
South Africa has undergone a remarkable transformation since its democratic transition in 1994, but economic growth and employment generation have been disappointing. Most worryingly, unemployment is currently among the highest in the world. While the proximate cause of high unemployment is that...
Persistent link: https://www.econbiz.de/10012466097
Blended finance---the use of public and philanthropic funding to crowd in private capital---is a potential way to … finance a more sustainable world. While blended finance holds the promise of being catalytic in mobilizing vast amounts of … decision-making of development finance institutions (DFIs) that engage in blended finance. We then provide empirical evidence …
Persistent link: https://www.econbiz.de/10014512141
On their fiftieth anniversary, the International Monetary Fund and the World Bank were" extensively reviewed, both to mark the occasion and to consider, often critically roles and performance. This paper reviews the functions of the two institutions in light of their" evolution over the past...
Persistent link: https://www.econbiz.de/10012472488
Why should multilateral lending exist in a world where private capital markets are well developed and governments have their own bilateral aid programs? If lending by the World Bank, IMF, and regional development banks has an independent rationale, it must rest on advantages generated by the...
Persistent link: https://www.econbiz.de/10012473722
This paper looks at the problem of making multiple lending decisions which affect the supply of the product when the consequences of these lending decisions are interrelated via the effect on the world price of the product. This is termed the 'adding up problem'. It is argued that thinking of...
Persistent link: https://www.econbiz.de/10012473899
The accumulation of international reserves by emerging markets raises the question of how to best utilize these funds. This paper explores two routes through which the pooling of reserves could enhance stability and welfare. First, the reserve pool could be used for emergency lending in response...
Persistent link: https://www.econbiz.de/10012466213
We report the results from a field experiment with a micro lender in Uganda to test the effectiveness of privately implemented incentives for loan repayment. Using a randomized control trial we measure the impact of three different treatments: Borrowers are either given a lump sum cash reward...
Persistent link: https://www.econbiz.de/10012461638