Die Position der EU als globale wirtschaftliche Großmacht ist zunehmend gefährdet. Dies ist zum einen Folge der Krisen, denen sich vor allem die EU in den letzten zwei Dekaden gegenübersah. Insbesondere zu nennen sind die weltweite Finanzkrise (2007-2009), die Eurokrise (2010-2012), die...

This paper investigates stock performance in emerging markets in relation to their accessibility by foreign investors (as measured by the investability index of the IFC). Using the Stehle (1977) model, we reject for most markets integration and fail to reject for all segmentation. We find that...

Existing climate-economy models use aggregate damage functions to model the effects of climate change. This approach assumes climate change has equal impacts on the productivity of firms that produce consumption and investment goods or services. We show the split between damage to consumption...

2020 was an unprecedented and remarkable year, and also a year with high uncertainty and increased information needs. The EIF VC Survey, the EIF Private Equity Mid-Market Survey, and the EIF Business Angels Survey (the largest regular survey exercises among GPs and Business Angels on a...

Development economists have enjoined Africans to leverage on remittance as their main source of investment financing due to its constant and undisrupted inflows despite structural distortions and economic weaknesses compared to other sources of financial flows in recent time. This ignited the...

Existing climate-economy models use aggregate damage functions to model the effects of climate change. This approach assumes climate change has equal impacts on the productivity of firms that produce consumption and investment goods or services. We show the split between damage to consumption...

Foreign direct investment (FDI) represents a significant impetus for sustainable economic growth and development. From the context of the importance that FDI carries as the transfer of knowledge, experience, employment growth, and development of human capital, its attraction definitely requires...

Since the independence of Ghana, she has been at the forefront of the integration of the African continent and for that matter the West African sub-region. Many developing countries are moving towards adapting to international and regional arrangements to enhance their relevance and leverage on...

Forestry investment involves long time horizons, and planting decisions must be made amidst a range of uncertainties. In the context of these uncertainties, we analyse investment decisions that involve plantation of existing grazing land in exotic versus indigenous forest species. We discuss how...

Using firm level data on 70,000 enterprises in 107 countries, this paper finds important effects of access to finance, business regulations, corruption, and to a lesser extent, infrastructure bottlenecks in explaining patterns of job creation at the firm level. The paper focuses on how the...

The world is not on track to address climate change. As countries move toward developing stimulus packages to stem the economic impact of Coronavirus (COVID-19), it will be vitally important to build the foundation for a more resilient, sustainable and prosperous future. The objective of this...

This Investment Climate Reform Action Plan summarizes the economic context of Senegal as well as the main constraints private sector faces in the country, and provides a number of recommendations on which the World Bank (WB) and the Government of Senegal (GOS) can collaborate on to eliminate...

The objective of this report is to explore innovative financing instruments and approaches for catalyzing private sector financing to fill the climate-smart investment gap in cities. The report reviews the existing literature, highlights key barriers in scaling-up private investment in...

Just energy transition is key to South Africa's inclusive and sustainable growth. It is necessary to unlock large pools of private capital and attract foreign investment to drive low-carbon transition. Despite downside risks, South Africa has strong macroeconomic fundamentals and commitment to...

Bhutan's investment climate is primarily constrained by imperfections in factor markets, limited access to product markets, and state dominance. Driven by the capital-intensive hydropower sector, the country achieved impressive growth rates, but created few jobs. The public sector stepped in,...

The report, a joint effort between the World Bank's Social Development Global Practice and International Finance Corporation (IFC) advisory services, is based on the idea that local engagement, for example, through benefit sharing, is an important way for better risk management and creating a...