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Macroeconomics and Growth: 2007 Publications

Journal Articles
Books/Special Journal Issues
Chapters in Books
Datasets
Outreach
Conferences & Seminars
Working Papers

Journal Articles

Elbadawi, Ibrahim A., Hadi Esfahani, and Hanaa Kheir-El-Din. 2007. “Economic Policy and Performance in the Middle East and North Africa: Essays in Honor of Heba Handoussa.” Quarterly Review of Economics and Finance 46(5): 653-56.

Elbadawi, Ibrahim A., and Samir Makdisi. 2007. “Democracy and Development in the Arab World.” Quarterly Review of Economics and Finance 46(5): 813-31.

Fernandes, Ana Margarida. 2007. “Trade Policy, Trade Volumes and Plant-Level Productivity in Colombian Manufacturing Industries.” Journal of International Economics 71(1): 52-71.

Keefer, Philip E. 2007. “Clientelism, Credibility, and the Policy Choices of Young Democracies.” American Journal of Political Science 51(4): 804-21.

Keefer, Philip E., and Stephen Knack. 2007. “Boondoggles, Rent-Seeking and Political Checks and Balances: Public Investment under Unaccountable Governments.” Review of Economics and Statistics 89(2): 566-72.

Keefer, Philip E. 2007. “Elections, Special Interests and Financial Crisis.” International Organization 61(3): 607-42.

Khemani, Stuti. 2007. “Party Politics and Fiscal Discipline in a Federation: Evidence from the States of India.” Comparative Political Studies 40(6): 691-712.

Khemani, Stuti, Abhijit Banerjee, Rukmini Banerji, Esther Duflo, and Rachel Glennerster. 2007. “Can Information Campaigns Raise Awareness and Local Participation in Primary Education?” Economic and Political Weekly 42(15): 1365-72.

Khemani, Stuti. 2007. “Does Delegation of Fiscal Policy to an Independent Agency Make a Difference? Evidence from Intergovernmental Transfers in India.” Journal of Development Economics 82(2): 464-84.

Kraay, Aart C., and Nicolas Depetris Chauvin. 2007. “Who Gets Debt Relief?” Journal of the European Economic Association 5(3): 333-42.

Kraay, Aart C., Daniel Kaufmann, and Massimo Mastruzzi. 2007. “Growth and Governance: A Reply / A Rejoinder.” Journal of Politics 69(2): 570-72.

Kraay, Aart C., and Claudio E. Raddatz. 2007. “Poverty Traps, Aid, and Growth.” Journal of Development Economics 82(2): 315-47.

Kraay, Aart C., and Jaume Ventura. 2007. “Comparative Advantage and the Cross-Section of Business Cycles.” Journal of the European Economic Association 5(6): 1300-33.

Loayza, Norman V., and Claudio E. Raddatz. 2007. “The Structural Determinants of External Vulnerability.” World Bank Economic Review 21(3): 359-87.

Schmukler, Sergio, and Philip Lane. 2007. “The Evolving Role of China and India in the Global Financial System.” Open Economies Review 18(4): 1-22.

Schmukler, Sergio, Augusto de la Torre, and Juan Carlos Gozzi Valdez. 2007. “Financial Development: Emerging and Maturing Policy Issues.” World Bank Research Observer 22(1): 67-102.

Schmukler, Sergio, Augusto de la Torre, and Juan Carlos Gozzi Valdez. 2007. “Stock Market Development under Globalization: Whither the Gains from Reforms?” Journal of Banking and Finance 31(6): 1731-54.

Schmukler, Sergio, Stijn Claessens, and Daniela M. H. Klingebiel. 2007. “Government Bonds in Domestic and Foreign Currency: The Role of Macroeconomic and Institutional Factors.” Review of International Economics 15(2): 370-413.

Schmukler, Sergio, and Stijn Claessens. 2007. “International Financial Integration through Equity Markets: Which Firms from Which Countries Go Global?” Journal of International Money and Finance 26(5): 788-813.

Schmukler, Sergio, and Ross Levine. 2007. “Migration, Liquidity Spillovers, and Trade Diversion: The Effects of Internationalization on Stock Market Activity.” Journal of Banking and Finance 31(6): 1595-1612.

Servén, Luis, Norman V. Loayza, Romain Ranciere, and Jaume Ventura. 2007. “Macroeconomic Volatility and Welfare in Developing Countries.” World Bank Economic Review 21(3): 343-57.


 

Books/Special Journal Issues

de la Torre, Augusto, and Sergio Schmukler. 2007. Emerging Capital Markets and Globalization: The Latin American Experience. Palo Alto, CA: Stanford University Press.

Elbadawi, Ibrahim A., Hadi Esfahani and Hanaa Kheir-El-Din (Guest editors). 2007. “Special Issue in Honor of Professor Heba Handoussa.” The Quarterly Review of Economics and Finance 46(5): 653-852.

Loayza, Norman V. (Guest editor). 2007. “Volatility and Growth: A Symposium.” World Bank Economic Review 21(3).

Servén, Luis, Guillermo E. Perry, and Rodrigo Suescún. 2007. Fiscal Policy, Stabilization and Growth: Prudence or Abstinence? Washington, DC: The World Bank.


 

Chapters in Books

Ali, A. G. and Ibrahim A. Elbadawi. 2007. “Explaining Sudan’s Economic Growth Performance.” In The Political Economy of Economic Growth in Africa, 1960-2000: Country Case Studies, ed. B. Ndulu, S. O’Connell, J.-P. Azam, R. Bates, A. Fosu, J. W. Gunning, and D. Njinkeu. Cambridge, UK: Cambridge University Press. 

Aterido, Reyes, Hallward-Driemeier, Mary C., and Giuseppe Iarossi. 2007. “From Benchmarking to Impact: Which Dimensions Matter?” African Competitiveness Report 2007,World Economic Forum.

Elbadawi, Ibrahim A. 2007. “An MDG-based Strategy for Re-building the Post-Conflict Sudanese Economy.” In Rebuilding Devastated Economies in the Middle East, ed. Leonard Binder. McMillan.

Hallward-Driemeier, Mary C., David R. Dollar, and Taye A. Mengistae. 2007. “Investment Climate and International Integration in Asian Developing Economies.” In The Future of Globalization, ed. Ernesto Zedillo. New York: Routledge.

Hoff, Karla. 2007. “Joseph E. Stiglitz.” In The New Palgrave Dictionary of Economics, ed. Steven N. Durlauf and Larry E. Blume. London: Palgrave Macmillan.

Keefer, Philip E. 2007. “Beyond Elections: Politics, Development and the Poor Performance of Poor Democracies” In Oxford Encyclopedia of Comparative Politics, ed. Carles Boix and Susan Stokes. Oxford: Oxford University Press.

Keefer, Philip E. 2007. “Beyond Legal Origin and Checks and Balances: Political Credibility, Citizen Information and Financial Sector Development.” In Political Institutions and Financial Development, ed. Stephen Haber, Douglass North and Barry Weingast. Stanford: Stanford University Press.

Keefer, Philip E. 2007. “Seeing and Believing: Political Obstacles to Better Service Delivery.” In The Politics of Service Delivery in Democracies: Better Access for the P oor, ed. Shantayanan Devarajan and Ingrid Widlund. Stockholm: Expert Group on Development Issues (EGDI).

Keefer, Philip E. 2007. “Governance and Economic Growth.” In Dancing with Giants: China, India and the Global Economy, ed. L. Alan Winters and Shahid Yusuf. Washington, DC: World Bank.

Khemani, Stuti. 2007. “Can Delegation Promote Fiscal Discipline in a Federation? Evidence from Fiscal Performance in the Indian States.” In Institutions and Norms in Economic Development, ed. Mark Gradstein and Kai Konrad. Cambridge: MIT Press.

Khemani, Stuti. 2007. “Can Information Campaigns Overcome Political Obstacles to Serving the Poor?” In The Politics of Service Delivery in Democracies: Better Access for the Poor, ed. Shantayanan Devarajan and Ingrid Widlund. Stockholm: Ministry for Foreign Affairs.

Schmukler, Sergio, and Augusto de la Torre. 2007. “Desarrollo del Mercado de Capitales: Balance y Perspectivas (Capital Market Development: Taking Stock).” In Politica Monetaria y Estabilidad Financiera: De la Teoria a la Practica, ed. Jornadas Monetarias y Bancarias del Banco Central de la Republica Argentina.

Schmukler, Sergio, and Philip Lane. 2007. “The International Financial Integration of China and India.” In Dancing with Giants: China, India and the Global Economy,  ed. Alan Winters, Shahid Yusuf. Washington, DC: World Bank.

Servén, Luis, Timothy Irwin, Guillermo Perry, and Rodrigo Suescún. 2007. “Fiscal Policy, Economic Fluctuations and Growth.” In Fiscal Policy, Stabilization and Growth: Prudence or Abstinence? ed. Guillermo Perry, Luis Servén, Rodrigo Suescún. Washington, DC: World Bank.

Servén, Luis. 2007. “Fiscal Discipline, Public Investment and Growth.” In Fiscal Policy, Stabilization and Growth: Prudence or Abstinence? ed. Guillermo Perry, Luis Servén, Rodrigo Suescún. Washington, DC: World Bank.


 

Datasets

Governance Matters VI: Aggregate and Individual Governance Indicators, 1996-2006(2007)
Updated aggregate governance research indicators for 212 countries for 1996–2006, for six dimensions of governance: voice and accountability, political stability and absence of violence, government effectiveness, regulatory quality, rule of law, and control of corruption.

Outreach

Keefer, Philip E. 2007. “Clientelism, Credibility, and the Policy Choices of Young Democracies.”
World Bank Research Digest 1(3): 6.

Honorati, Maddelena, and Taye Mengistae. 2007. “Corruption in Small Business Fixed Investments: The Case of Indian Manufacturers.” World Bank Online Research Brief, December.

Loayza, Norman V., Claudio E. Raddatz, Luis Serven, Romaine Ranciere, Jaume Ventura. 2007. "Macroeconomic Volatility and Development." World Bank Research Digest 1(4, Summer): 5.


 

Conferences & Seminars

Challenges of Post-Conflict Transition: Lessons for Sudan
January 20-31, 2007, Khartoum, Sudan
Co-organizer: Ibrahim A. Elbadawi (research@worldbank.org)
The conference was one of many dissemination events highlighting research on post-conflict transitions. It was attended by a large number of Sudanese policy makers, academics and civil society representatives as well as researchers who contributed to the project.

Post-Conflict Transitions
April 30 - May 1, 2007, World Bank, Washington, DC
Organizer: Ibrahim A. Elbadawi (research@worldbank.orgO
The conference highlighted findings from a two-year research project on Post-Conflict Transitions undertaken jointly with the Centre for the Study of African Economies and the International Peace Research Institute of Oslo.

Microeconomics of Growth Research Network
June 7-8, 2007, World Bank, Washington, DC
Co-organizers: Mary Hallward-Driemeier, Luis Servén (research@worldbank.org)
The conference brought together top academics and policy makers working in development, industrial organization and trade to better understand the dynamics and behavior of firms and households that underlie aggregate investment, productivity and growth.

Democracy and Development in the Arab World

June 12-15, 2007, The American University of Beirut
Co-organizer: Ibrahim Elbadawi (research@worldbank.org)
The workshop will produce a book covering generic thematic issues on democracy and development, as well as eight country studies.

Microeconomics of Growth Research Network
December 13-14, 2007, Rio de Janeiro, Brazil
Co-organizer: Mary Hallward-Driemeier, Luis Servén (research@worldbank.org)
The conference in Brazil tailored the first day to the policy priorities facing Brazil, with the participation of high-level government officials, members of think tanks and NGOs.

Macro and Growth Brown Bag Seminars
Organizer: Norman Loayza (research@worldbank.org)
The seminars provide an opportunity to present and discuss the latest and most influential research on macroeconomic policy, structural reforms, and institutional development produced both within and outside the Bank. It allows researchers to showcase and obtain feedback on their current research, and become acquainted with new techniques and results from academia. The Seminar Series not only contributes to the intellectual life of researchers but also benefits interested Bank staff through the debate of ideas and policies that can enrich their work experience. A total of 23 seminars were held in 2007.


 

Working Papers

Aterido, Reyes, Mary C. Hallward-Driemeier, and Carmen Pages. 2007. “Investment Climate and Employment Growth: The Impact of Access to Finance, Corruption and Regulations Across Firms.” IZA Discussion Paper 3138, Institute for the Study of Labor, Germany.

Bodea, Cristina, and Ibrahim A. Elbadawi. 2007. “Riots, Coups and Civil War: Revisiting the Greed and Grievance Debate.” Policy Research Working Papers 4397, World Bank, Washington DC.

Claessens, Stijn, and Sergio Schmukler. 2007. “International Financial Integration through Equity Markets: Which Firms from Which Countries Go Global?” Policy Research Working Paper 4146, World Bank, Washington, DC.

de la Torre, Augusto, Juan Carlos Gozzi, and Sergio Schmukler. 2007. “Capital Market Development: Whither Latin America?” Policy Research Working Paper 4156, World Bank, Washington, DC.

Easterly, William, Timothy Irwin, and Luis Servén. 2007. “Walking Up the Down Escalator: Public Investment and Fiscal Stability.” Policy Research Working Paper 4158, World Bank, Washington, DC.
 
Elbadawi, Ibrahim A., Linda Kaltani, and Klaus Schmidt-Hebbel. 2007. “Post-Conflict Aid, Real Exchange Rate Adjustment, and Catch-Up Growth.” Policy Research Working Paper 4187, World Bank, Washington, DC.

Honorati, Maddalena, and Roberta V. Gatti. 2007. “Informality among Formal Firms: Firm-level, Cross-country Evidence on Tax Compliance and Access to Credit.” Policy Research Working Paper 4476, World Bank, Washington, DC.

Honorati, Maddalena, and Taye A. Mengistae. 2007. “Corruption, Business Environment, and Small Business Growth in India.” Policy Research Working Paper 4338, World Bank, Washington, DC.

Keefer, Philip E. 2007. “Insurgency and Credible Commitment in Autocracies and Democracies.” Policy Research Working Paper 4185, World Bank, Washington, DC.

Keefer, Philip E. 2007. “Beyond Legal Origin and Checks and Balances: Political Credibility, Citizen Information and Financial Sector Development.” Policy Research Working Paper 4154, World Bank, Washington, DC.

Kraay, Aart C., and Carolin Geginat. 2007. “Does IDA Engage in Defensive Lending?” Policy Research Working Paper 4328, World Bank, Washington, DC.

Kraay, Aart C., Daniel Kaufmann, and Massimo Mastruzzi. 2007. “Governance Matters VI: Aggregate and Individual Governance Indicators 1996-2006.” Policy Research Working Paper 4280, World Bank, Washington, DC.

Kraay, Aart C., and Daniel Kaufmann. 2007. “Governance Indicators: Where Are We and Where Should We Be Going?” Policy Research Working Paper 4370, World Bank, Washington, DC.

Kraay, Aart C., Daniel Kaufmann, and Assimo Mastruzzi. 2007. “The Worldwide Governance Indicators Project: Answering the Critics.” Policy Research Working Paper 4149, World Bank, Washington, DC.

Kraay, Aart C. 2007. “The Welfare Effects of a Large Depreciation: The Case of Egypt 2000-2005.” Policy Research Working Paper 4182, World Bank, Washington, DC.

Lane, Philip, and Sergio Schmukler. 2007. “The International Financial Integration of China and India.” Policy Research Working Paper 4132, World Bank, Washington, DC.

Loayza, Norman V., Marta Reynal-Querol, and Siyan Chen. 2007. “The Aftermath of Civil War.” Policy Research Working Paper 4190, World Bank, Washington, DC.

Milante, Gary. 2007. “A Kleptocrat’s Survival Guide: Autocratic Longevity in the Face of Civil Conflict.” Policy Research Working Paper 4186, World Bank, Washington, DC.

Schmukler, Sergio, Fernando Broner, and Guido Lorenzoni. 2007. “Why Do Emerging Economies Borrow Short Term?” National Bureau of Economic Research Working Paper 13076. Cambridge, Mass.

Servén, Luis. 2007. “Fiscal Rules, Public Investment and Growth.” Policy Research Working Paper 4382, World Bank, Washington, DC.


 





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