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

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