Institution
World Bank
Other•Washington D.C., District of Columbia, United States•
About: World Bank is a other organization based out in Washington D.C., District of Columbia, United States. It is known for research contribution in the topics: Population & Poverty. The organization has 7813 authors who have published 21594 publications receiving 1198361 citations. The organization is also known as: World Bank, WB & The World Bank.
Topics: Population, Poverty, Free trade, Productivity, Commercial policy
Papers published on a yearly basis
Papers
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TL;DR: In this paper, the authors first estimate for 16 countries a measure of banking system competition based on industrial organization theory, and then relate this competition measure to growth of industries and find that greater competition in countries' banking systems allows financially dependent industries to grow faster.
Abstract: The relationships among competition in the financial sector, access of firms to external financing, and associated economic growth are ambiguous in theory. Moreover, measuring competition in the financial sector can be complex. In this paper the authors first estimate for 16 countries a measure of banking system competition based on industrial organization theory. They then relate this competition measure to growth of industries and find that greater competition in countries' banking systems allows financially dependent industries to grow faster. These results are robust under a variety of tests. Their results suggest that the degree of competition is an important aspect of financial sector functioning.
260 citations
TL;DR: In this article, the authors analyze the process of capacity development in a sample of Colombian local governments which resulted from a strategy of state decentralization initiated in the mid-1980s, concluding that competition for political office opened the door to responsible and innovative leadership that, in turn, became the driving force behind capacity building efforts.
259 citations
Posted Content•
TL;DR: In this article, the authors examined the evidence on expropriation of minority shareholders by the controlling shareholders in publicly traded companies in nine East Asian countries and concluded that the risk of expropriating minority shareholders is the major principal-agent problem for public corporations in East Asia.
Abstract: We examine the evidence on expropriation of minority shareholders by the controlling shareholder in publicly traded companies in nine East Asian countries. Higher cash-flow rights are associated with higher market valuation. In contrast, higher control rights have an insignificant or negative effect on corporate valuation. Deviations of voting from cash-flow rights through the use of pyramiding, cross-holdings, and dual-class shares, are associated with lower market values. Results are robust to the time period we study, splitting the sample by individual countries, using alternative measures of the incentive for expropriation, and using alternative measures for firm valuation. We conclude that the risk of expropriation is the major principal-agent problem for public corporations in East Asia.
259 citations
TL;DR: In this paper, the authors build upon a new wave of empirical research to answer eight key questions underlying much of the brain drain debate: 1) What is brain drain? 2) Why should economists care about it? 3) Is brain drain increasing? 4) Is there a positive relationship between skilled and unskilled migration? 5) What makes brain drain more likely? 6) Does brain gain exist? 7) Do high-skilled workers remit, invest, and share knowledge back home? and 8) What do we know about the fiscal and production externalities of brain drain
Abstract: High-skilled emigration is an emotive issue that in popular discourse is often referred to as brain drain, conjuring images of extremely negative impacts on developing countries. Recent discussions of brain gain, diaspora effects, and other advantages of migration have been used to argue against this, but much of the discussion has been absent of evidence. This paper builds upon a new wave of empirical research to answer eight key questions underlying much of the brain drain debate: 1) What is brain drain? 2) Why should economists care about it? 3) Is brain drain increasing? 4) Is there a positive relationship between skilled and unskilled migration? 5) What makes brain drain more likely? 6) Does brain gain exist? 7) Do high-skilled workers remit, invest, and share knowledge back home? and 8) What do we know about the fiscal and production externalities of brain drain?
258 citations
TL;DR: In this article, the authors show that if portfolio shifts into TD's come out of an asset providing less intermediation than the banking system, raising TD rates is contractionary in the short run, may have negative impacts on growth and can lead to more rather than less inflation.
258 citations
Authors
Showing all 7881 results
| Name | H-index | Papers | Citations |
|---|---|---|---|
| Joseph E. Stiglitz | 164 | 1142 | 152469 |
| Barry M. Popkin | 157 | 751 | 90453 |
| Dan J. Stein | 142 | 1727 | 132718 |
| Asli Demirguc-Kunt | 137 | 429 | 78166 |
| Elinor Ostrom | 126 | 430 | 104959 |
| David Scott | 124 | 1561 | 82554 |
| Ross Levine | 122 | 398 | 108067 |
| Barry Eichengreen | 116 | 949 | 51073 |
| Martin Ravallion | 115 | 570 | 55380 |
| Kenneth H. Mayer | 115 | 1351 | 64698 |
| Angus Deaton | 110 | 363 | 66325 |
| Timothy Besley | 103 | 368 | 45988 |
| Lawrence H. Summers | 102 | 285 | 58555 |
| Shang-Jin Wei | 101 | 415 | 39112 |
| Thorsten Beck | 99 | 373 | 62708 |