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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 Research Dataset

Toolkit for Informality Scenario Analysis
Lakner-Milanovic (2013) World Panel Income Distribution (LM-WPID)

World Bank working papers and publications

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

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