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Macroecononomics and Growth Working Papers (2014-present)

The Policy Research Working Papers disseminate findings of work in progress to encourage the exchange of ideas about development issues. These papers were produced by the staff and consultants of the Development Research Group. You can find more policy research working papers from the World Bank's institutional archives search here using the author's last name, title, or working paper number ("wpsxxxx").

 2016 | 2015 | 2014 | More...

2017

Korea's Growth Experience and Long-Term Growth Model
Hyeok Jeong
World Bank Policy Research Working Paper 8240, November 2017 

Financial Development, Growth, and Crisis: Is There a Trade-Off?
Norman Loayza, Amine Ouazad, and Romain Ranciere
World Bank Policy Research Working Paper 8237, November 2017

Political Economy of Reform
Stuti Khemani
World Bank Policy Research Working Paper 8224, October 2017

Corporate Debt Maturity in Developing Countries: Sources of Long- and Short-Termism
Juan J. Cortina, Tatiana Didier, and Sergio L. Schmukler
Policy Research Working Paper 8222, October 2017 

Demand and Supply Curves in Political Markets: Understanding the Problem of Public Goods and Why Governments Fail Them
Stuti Khemani
World Bank Policy Research Working Paper 8213, October 2017

Financial Globalization: A Glass Half Empty?
Facundo Abraham and Sergio L. Schmukler
World Bank Policy Research Working Paper 8194, September 2017 

When is the Government Transfer Multiplier Large?
Eric Giambattista and Steven Pennings
World Bank Policy Research Working Paper 8184, September 2017 

Assessing Forecast Uncertainty: An Information Bayesian Approach
Fabian Mendez-Ramos
World Bank Policy Research Working Paper 8165, August 2017

Taxation without Representation? Experimental Evidence from Ghana and Uganda on Citizen Action toward Taxes, Oil, and Aid
Brandon de la Cuesta, Helen V. Milner, Daniel Nielson, and Stephen Knack
World Bank Policy Research Working Paper 8137, July 2017

Approximating Income Distribution Dynamics Using Aggregate Data
Aart Kraay and Roy Van der Weide
World Bank Policy Research Working Paper 8123, June 2017

Employment Multipliers over the Business Cycle
Ha Nguyen and Jiaming Soh
World Bank Policy Research Working Paper 8105, June 2017

Deterring Kickbacks and Encouraging Entry in Public Procurement Markets:  Evidence from Firm Surveys in 88 Developing Countries
Stephen Knack, Nataliya Biletska, and Kanishka Kacker
World Bank Policy Research Working Paper 8078, May 2017

Predicting Conflict
Bledi Celiku and Aart Kraay
World Bank Policy Research Working paper 8075, May 2017

Industrial Policies vs Public Goods under Asymmetric Information
Constantino Hevia, Norman Loayza, and Claudia Meza-Cuadra
World Bank Policy Research Working Paper 8052, May 2017

Consumption Smoothing and Shock Persistence: Optimal Simple Fiscal Rules for Commodity Exporters
Arthur Mendes and Steven Pennings
World Bank Policy Research Working Paper 8035, April 2017

Entry and Exit, Multi-Product Firms, and Allocative Distortions
Roberto N. Fattal Jaef
World Bank Policy Research Working Paper 8023, April 2017

Is There Enough Redistribution?
Maya Eden
World Bank Policy Research Working Paper 8003, March 2017

Impact of Oil Price Fluctuations on Financial Markets Since 2014
Ha Nguyen, Huong Nguyen, and Anh Pham
World Bank Policy Research Working Paper 7957, January 2017

Long-Term Growth Scenarios for Bangladesh
Rishabh Sinha 
World Bank Policy Research Working Paper 7952, January 2017

Taxing the Good? Distortions, Misallocation, and Productivity in Sub-Saharan Africa
Xavier Cirera, Roberto N. Fattal Jaef, and Hibret B. Maemir
World Bank Policy Research Working Paper 7949, January 2017 

2016 

Caste System
Karla Hoff
World Bank Policy Research Working Paper 7929, December 2016

Pass-through of Competitors' Exchange Rates to US Import and Producer Prices
Steven Pennings
World Bank Policy Research Working Paper 7926, December 2016

Assessing the Degree of International Consumption Risk Sharing
Constantino Hevia and Luis Servén
World Bank Policy Research Working Paper 7867, October 2016

Informality in the Process of Development and Growth | Toolkit for Informality Scenario Analysis
Norman V. Loayza
World Bank Policy Research Working Paper 7858, October 2016

Can the Culture of Honor Lead to Inefficient Conventions? Experimental evidence from India 
Benjamin Brooks, Karla Hoff, and Priyanka Pandey 
World Bank Policy Research Working Paper 7829, September 2016

How Long Is the Maturity of Corporate Borrowing? Evidence from Bond and Loan Issuances across Markets
Juan Jose Cortina-Lorente, Tatiana Didier, and Sergio L. Schmukler 
World Bank Policy Research Working Paper 7815, September 2016

International Financial Integration of East Asia and Pacific
Tatiana Didier, Ruth Llovet Montanes, and Sergio L. Schmukler
World Bank Policy Researc Working Paper 7772, July 2016

Firm Financing and Growth in the Arab Region
Juan Jose Cortina Lorente, Soha Ismail, and Sergio L. Schmukler
World Bank Policy Research Working Paper 7756, July 2016

Euro Currency Risk and the Geography of Debt Flows to Peripheral European Monetary Union Members
Eylem Ersal-Kiziler and Ha Nguyen
World Bank Policy Research Working Paper 7738, June 2016

Sectoral Productivity Gaps and Aggregate Production
Rishabh Sinha
World Bank Policy Research Working Paper 7737, June 2016

Openness, Specialization, and the External Vulnerability of Developing Countries
Luis-Diego Barrot, César Calderón, and Luis Servén
Policy Research Working Paper 7711, June 2016

Unemployment and Mortality: Evidence from the Great Recession
Ha Nguyen and Huong Nguyen
World Bank Policy Research Working Paper 7603, March 2016

The Week
Maya Eden 
World Bank Policy Research Working Paper 7598, March 2016

Illicit Activity and Money Laundering from an Economic Growth Perspective: A Model and an Application to Colombia
Edgar Villa, Martha A. Misas, and Norman V. Loayza 
World Bank Policy Research Working Paper 7578, February 2016

The Welfare Cost of Inflation and the Regulations of Money Substitutes
Benjamin Eden and Maya Eden
Worldl Bank Policy Research Working Paper 7553, February 2016

The Great Recession and Job Loss Spillovers: Impact of Tradable Employment Shocks on Supporting Services
Ha Nguyen and Shawheen Rezaei
World Bank Policy Research Working Paper 7543, January 2016

Striving for Balance in Economics:  Towards a Theory of the Social Determination of Behavior
Karla Hoff and Joseph E. Stiglitz
World Bank Policy Research Working Paper 7537, January 2016

2015  

Weak Instruments in Growth Regressions:  Implications for Recent Cross-Country Evidence on Inequality and Growth
Aart Kraay 
World Bank Policy Research Working Paper 7494, November 2015

On the Welfare Implications of Automation
Maya Eden and Paul Gaggl
World Bank Policy Research Working Paper 7487, November 2015

Demand-Driven Propagation: Evidence from the Great Recession
Ha Nguyen 
World Bank Policy Research Working Paper 7456, October 2015

Capital Market Financing, Firm Growth, and Firm Size Distribution
Tatiana Didier, Ross Levine, and Sergio L. Schmukler 
World Bank Policy Research Working Paper 7353, July 2015

Do Poor Countries Really Need More IT? The Role of Relative Prices and Industrial Composition
Maya Eden and Paul Gaggl
World Bank Policy Research Working Paper 7352, June 2015

Do Capital Inflows Boost Growth in Developing Countries? Evidence from Sub-Saharan Africa
César Calderón and Ha Nguyen 
World Bank Policy Research Working Paper 7298, June 2015

Doing the Survey Two-Step: The Effects of Reticence on Estimates of Corruption in Two-Stage Survey Questions
Nona Karalashvili, Aart Kraay, and Peter Murrell
World Bank Policy Research Working Paper 7276, May 2015

Good Countries or Good Projects? Comparing Macro and Micro Correlates of World Bank and Asian Development Bank Project Performance
David Bulman, Walter Kolkma, and Aart Kraay
World Bank Research Policy Working Paper 7245, April 2015

Behavioral Economics and Social Exclusion: Can Interventions Overcome Prejudice?
Karla Hoff
World Bank Policy Research Working Paper 7198, February 2015

Small Miracles”—Behavioral Insights to Improve Development Policy: World Development Report 2015 
Allison Demeritt and Karla Hoff
World Bank Policy Research Working Paper 7197, February 2015

The Changing Patterns of Financial Integration in Latin America
Tatiana Didier, Matias Moretti, Sergio L. Schmukler
World Bank Policy Research Working Paper 7190, February 2015

2014 

Redistribution and Inequality
Philip Keefer and Branko Milanovic
World Bank Policy Research Working Paper 7129, December 2014

Transitioning from Low-Income Growth to High-Income Growth: Is There a Middle Income Trap?
David Bulman, Maya Eden, Ha Nguyen
World Bank Policy Research Working Paper 7104, November 2014

Testing Weak Exogeneity in Cointegrated Panels
Enrique Moral-Benito and Luis Serven
World Bank Policy Research Working Paper 7045, September 2014

Infrastructure, Growth, and Inequality: An Overview
César Calderón and Luis Servén
World Bank Policy Research Working Paper 7034, September 2014

Predicting World Bank Project Outcome Ratings
Patricia Geli, Aart Kraay, and Hoveida Nobakht
World Bank Policy Research Working Paper 7001, July 2014

Inflation and Indivisible Investment in Developing Economies
Maya Eden and Ha Nguyen
World Bank Policy Research Working Paper 6972, July 2014

Radio’s Impact on Preferences for Patronage Benefits
Philip Keefer and Stuti Khemani
World Bank Policy Research Working Paper 6932, June 2014

Comparative Advantage, International Trade, and Fertility
Quy-Toan Do, Andrei Levchenko, Claudio Raddatz
World Bank Policy Research Working Paper 6930, June 2014

Institutional Investors and Long-term Investment: Evidence from Chile
Luis Opazo, Claudio Raddatz, and Sergio L. Schmukler
World Bank Policy Research Working Paper 6922, June 2014

Institutions and Firms’ Return to Innovation: Evidence from the World Bank Enterprise Survey
Ha Nguyen and Patricio A. Jaramillo
World Bank Policy Research Working Paper 6918, June 2014

International Asset Allocations and Capital Flows: The Benchmark Effect
Claudio Raddatz, Sergio L. Schmukler, and Tomás Williams
World Bank Policy Research Working Paper 6866, May 2014

Growth, Inequality, and Social Welfare: Cross-Country Evidence
David Dollar, Tatjana Kleineberg, and Aart Kraay
World Bank Policy Research Working Paper 6842, April 2014

Do Poverty Traps Exist?
Aart Kraay and David McKenzie
World Bank Policy Research Working Paper 6835, April 2014

Convergence to the Managerial Frontier
William F. Maloney and Mauricio Sarrias
World Bank Policy Research Working Paper 6822, March 2014

Engineers, Innovative Capacity and Development in the Americas
William F. Maloney and Felipe Valencia Caicedo
World Bank Policy Research Working Paper 6814, March 2014

Why Don't Poor Countries Do R&D?
Edwin Goñi and William F. Maloney
World Bank Policy Research Working Paper 6811, March 2014

"Crowding in" and the Returns to Government Investment in Low-Income Countries
Maya Eden and Aart Kraay
World Bank Policy Research Working Paper 6781, February 2014

Financial Development in Asia: Beyond Aggregate Indicators
Tatiana Didier and Sergio L. Schmukler
World bank Policy Research Working Paper 6761, January 2014


Last updated: 2017-11-13




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