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Aart Kraay

Senior Adviser
AART KRAAY is a Lead Economist in the Development Research Group at the World Bank. He joined the World Bank in 1995 after earning a Ph.D. in economics from Harvard University (1995), and a B.Sc. in economics from the University of Toronto (1990). His research interests include international capital movements, growth and inequality, governance, and the Chinese economy. His research on these topics has been published in scholarly journals such as the Quarterly Journal of Economics, the Review of Economics and Statistics, the Economic Journal, the Journal of Monetary Economics, the Journal of International Economics, and the Journal of the European Economic Association. He is an associate editor of the Journal of Development Economics, and is an adjunct professor at the School of Advanced International Studies at Johns Hopkins University. He has also held visiting positions at the International Monetary Fund and the Sloan School of Management at MIT.



















































































































World Bank working papers and publications

1 .A measured approach to ending poverty and boosting shared prosperity : concepts, data, and the twin goals
2 .Predicting World Bank project outcome ratings
3 .Do poverty traps exist ?
4 .Growth, inequality, and social welfare : cross-country evidence
5 ."Crowding in" and the returns to government investment in low-income countries
6 .Growth still is good for the poor
7 .Aid, disbursement delays, and the real exchange rate
8 .Misunderestimating corruption
9 .Sovereign defaults and expropriations : empirical regularities
10 .Government spending multipliers in developing countries : evidence from lending by official creditors
11 .The World Bank economic review 25 (2)
12 .Good countries or good projects ? macro and micro correlates of World Bank project performance
13 .How large is the government spending multiplier ? evidence from World Bank lending
14 .Does respondent reticence affect the results of corruption surveys ? evidence from the world bank enterprise survey for Nigeria
15 .The worldwide governance indicators : methodology and analytical issues
16 .Can disaggregated indicators identify governance reform priorities ?
17 .Corruption and confidence in public institutions : evidence from a global survey
18 .Governance matters VIII : aggregate and individual governance indicators 1996-2008
19 .Governance matters VII : aggregate and individual governance indicators 1996-2007
20 .Instrumental variables regressions with honestly uncertain exclusion restrictions
21 .The World Bank research observer 23 (1)
22 .Governance indicators : where are we, where should we be going ?
23 .Does IDA engage in defensive lending ?
24 .Governance Matters VI: Aggregate and Individual Governance Indicators, 1996-2006
25 .The welfare effects of a large depreciation : the case of Egypt, 2000-05
26 .The worldwide governance indicators project : answering the critics
27 .Governance matters V: aggregate and individual governance indicators for 1996 - 2005
28 .Who gets debt relief ?
29 .The World Bank economic review 20 (3)
30 .Neither a borrower nor a lender : does China's zero net foreign asset position make economic sense?
31 .The dot-com bubble, the Bush deficits, and the U.S. current account
32 .Governance matters IV : governance indicators for 1996-2004
33 .Poverty traps, aid, and growth
34 .Country Portfolios
35 .When is growth pro-poor? Cross-country evidence
36 .When is external debt sustainable?
37 .The World Bank economic review 18 (2)
38 .Government matters III : governance indicators for 1996-2002
39 .Institutions, trade, and growth : revisiting the evidence
40 .Growth without governance
41 .World development report 2002 : building institutions for markets
42 .Governance matters II - updated indicators for 2000-01
43 .Product quality, productive efficiency, and international technology diffusion : evidence from plant-level panel data
44 .Informe sobre el desarrollo mundial 2002 : instituciones para los mercados
45 .Rapport sur le developpement dans le monde 2002 : des institutions pour les marches
46 .World development report 2002 - building institutions for markets
47 .World development report 2002 : building institutions for markets
48 .World development report 2002 : building institutions for markets
49 .World development report 2002 : building institutions for markets - overview
50 .World development report 2002 : building institutions for markets
51 .World development report 2002 : building institutions for markets - overview
52 .Trade, growth, and poverty
53 .Growth is good for the poor
54 .The World Bank economic review 14 (3)
55 .Do high interest rates defend currencies during speculative attacks ?
56 .Growth forecasts using time series and growth models
57 .Aggregating governance indicators
58 .Governance matters
59 .Governance matters
60 .Small states, small problems?
61 .Comparative advantage and the cross-section of business cycles
62 .Current accounts in debtor and creditor countries
63 .Spatial correlations in panel data
64 .Trade and fluctuations

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