Policy Research Working Paper 1896 Congestion Pricing and Network Expansion

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 35 pages
Book Rating : 4./5 ( download)

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Download or read book Policy Research Working Paper 1896 Congestion Pricing and Network Expansion written by and published by World Bank Publications. This book was released on with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Congestion Pricing and Network Expansion

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ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Congestion Pricing and Network Expansion by : Thomas-Olivier Nasser

Download or read book Congestion Pricing and Network Expansion written by Thomas-Olivier Nasser and published by . This book was released on 1998 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Policy Research Working Papers

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ISBN 13 :
Total Pages : 172 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Policy Research Working Papers by :

Download or read book Policy Research Working Papers written by and published by . This book was released on 1991 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The World Bank Research Program, 1998

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ISBN 13 : 9780821341766
Total Pages : 188 pages
Book Rating : 4.3/5 (417 download)

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Book Synopsis The World Bank Research Program, 1998 by : World Bank Staff

Download or read book The World Bank Research Program, 1998 written by World Bank Staff and published by . This book was released on 1998 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: The four basic objectives of the World Bank's research program are:broadening understanding of development; assisting in developing research capacity in member countries; improving the Bank's capacity in advising members; and supporting all aspects of its own operations. The report is the annual compendium of current Bank research. The abstracts in this volume report on research projects within FY98, describing questions addressed , analytical methods used, findings to date, and policy implications. In addition, each abstract identifies the expected completion date and the research team, as well as any report or publication produced. The abstracts cover 193 research projects grouped under nine major headings, as follows:1) poverty and social welfare; 2) labor markets and education; 3) environmentally sustainable development; 4) infrastructure and urban development; 5) macroeconomics; 6) international economics; 7) domestic finance and capital markets; 8) transition economies; and 9) private sector development and public sector management. An appendix is included, listing reports and publications produced by Bank research with corresponding availability sources. Abstracts are indexed by the sponsoring unit.

Developing countries' Participation in the World Trade Organization

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 43 pages
Book Rating : 4./5 ( download)

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Book Synopsis Developing countries' Participation in the World Trade Organization by : Constantine Michalopoulos

Download or read book Developing countries' Participation in the World Trade Organization written by Constantine Michalopoulos and published by World Bank Publications. This book was released on 1998 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: March 1998 Many developing countries are not participating in the World Trade Organization as much as they should. What can be done about it? In the 1960s and 1970s developing countries viewed UNCTAD rather than the GATT as the main institution through which to promote their interests in international trade. But beginning with the Uruguay Round in the mid-1980s, their attitude changed, many more of them became members of the GATT, and a significant number played an active role in negotiations. Michalopoulos analyzes developing countries' representation and participation in the World Trade Organization (WTO) as of mid-1997 to determine how developing countries can effectively promote their interests and discharge their responsibilities under the rules and agreements of the new organization. He concludes that although many developing countries are actively participating in the new process, more than half of the developing countries that are members of the WTO participate little more than they did in the early 1980s and have not increased their staffing, despite the vastly greater complexity of issues and obligations. Institutional weaknesses at home are the main constraints to effective participation and representation of their interests at the WTO. To make their participation more effective, Michalopoulos recommends that the developing countries establish adequately staffed WTO missions based in Geneva; failing that, pooling their resources and representation in Geneva; and being sure to pay their dues, which are typically small. He recommends that the international community place higher priority on programs of assistance in support of institutional development of poorer countries aimed at enhancing their capacity to participate in the international trading system and the WTO-and that the WTO review its internal rules and procedures to ensure that inadvertently they do not make developing countries participation more difficult. This paper is part of a larger effort by the World Bank to collaborate with the World Trade Organization in developing approaches for the more effective integration of the developing countries in the international trading system. The author may be contacted at [email protected].

Development Expenditures and the Local Financing Constraint

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 23 pages
Book Rating : 4./5 ( download)

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Book Synopsis Development Expenditures and the Local Financing Constraint by : Albert D. K. Agbonyitor

Download or read book Development Expenditures and the Local Financing Constraint written by Albert D. K. Agbonyitor and published by World Bank Publications. This book was released on 1998 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt: April 1998 The inadequacy of local funds is a major financing problem in most low-income economies. It is undercutting the absorption of aid and the sustainability of development projects. Focusing on the local financing constraint sheds new light on issues of aid, fiscal reform, and the management of public spending. The fungibility of aid need not translate into resource flows to fill the local financing gap. Indeed, project aid can widen the local financing gap. To augment direct local financing of development, aid must be nonproject aid that can generate local currency. In the longer term, project aid's effect on local financing lies in its impact on growth and on expanding the base for tax revenues, seigniorage, and borrowing. When inadequate local financing limits project implementation and effective use of aid, local currency funds are more valuable than project aid, at the margin-and it becomes important to reallocate local funds, to leverage project aid, and to raise the quality of investment projects. A persistent gap in local financing complicates programs of fiscal reform. For such programs to be effective, the local financing gap has to be confronted directly by matching planned local fund expenditures against expected local fund receipts. This requires a transparent database to develop indicators and to monitor the allocation and use of local resources. This paper-a product of the Macroeconomics Division II, Eastern Africa Department-is part of a larger effort in the department to understand the effectiveness of development expenditures.

World Bank Research Program

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Publisher :
ISBN 13 :
Total Pages : 192 pages
Book Rating : 4.:/5 (6 download)

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Book Synopsis World Bank Research Program by : World Bank

Download or read book World Bank Research Program written by World Bank and published by . This book was released on 1998 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Does Membership in a Regional Preferential Trade Arrangement Make a Country More Or Less Protectionist?

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 43 pages
Book Rating : 4./5 ( download)

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Book Synopsis Does Membership in a Regional Preferential Trade Arrangement Make a Country More Or Less Protectionist? by : Faezeh Foroutan

Download or read book Does Membership in a Regional Preferential Trade Arrangement Make a Country More Or Less Protectionist? written by Faezeh Foroutan and published by World Bank Publications. This book was released on 1998 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: March 1998 It seems participation in a regional trade agreement does not necessarily lead to a more liberal import regime. Foroutan explores whether a systematic relationship exists between a developing country's participation in a preferential regional trade agreement (RTA) and the restrictiveness of its trade regime. The motivation for her study is provided by the current debate about whether regional trading blocs are a stepping-stone toward a more liberal global trading system and whether these blocs have changed over time so that the new blocs differ meaningfully from the old ones in terms of openness to the rest of the world. She restricts analysis to reciprocal RTAs involving developing countries in partnership either with industrial countries (North-South RTAs) or with other developing countries (South-South RTAs). Nearly every developing country belongs to one or more RTAs, so Foroutan develops criteria for distinguishing effective from noneffective regional blocs. She then taps into many sources of data to compare levels of restrictiveness. She finds no evidence that participation in a regional trade agreement necessarily leads to a more liberal import regime. This paper-a product of International Trade, Development Research Group-is part of a larger effort in the group to study preferential trade issues. The author may be contacted at [email protected].

How Dirty Are "Quick and Dirty" Methods of Project Appraisal?

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 43 pages
Book Rating : 4./5 ( download)

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Book Synopsis How Dirty Are "Quick and Dirty" Methods of Project Appraisal? by : Stijn Claessens

Download or read book How Dirty Are "Quick and Dirty" Methods of Project Appraisal? written by Stijn Claessens and published by World Bank Publications. This book was released on 1998 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Internationalization of Financial Services in Asia

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4./5 ( download)

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Book Synopsis The Internationalization of Financial Services in Asia by : Stijn Claessens

Download or read book The Internationalization of Financial Services in Asia written by Stijn Claessens and published by World Bank Publications. This book was released on 1998 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: April 1998 Asian countries should consider the benefits of opening their financial service sectors more quickly-at the same time that they are liberalizing capital accounts and deregulating domestic financial markets. The internationalization of financial services-eliminating discrimination between the treatment of foreign and domestic providers of financial services and removing barriers to the cross-border provision of financial services-is of global interest, especially in Asia. Most of Asia limits the entry of foreign financial firms much more than otherwise comparable countries do. Empirical evidence for Asia and elsewhere suggests that this slows down institutional development and that, as a result, it costs more to provide financial services. Asian countries could benefit from accelerating the opening of the financial services sector, in conjunction with the further liberalization of capital accounts and domestic deregulation of financial markets. Apart from other benefits, internationalization helps build more robust, efficient financial systems by introducing international practices and standards; by improving the quality, efficiency, and breadth of financial services; and by allowing more stable sources of funds. The ongoing WTO negotiation of financial services under GATS gives countries the opportunity to commit to opening their financial sectors. Safeguards can be built into the process, and the liberalization can be phased in gradually. This paper-a product of the Economic Policy Division, Poverty Reduction and Economic Management Network-is part of a larger effort in the network to study financial reform in developing countries. The paper was written during the summer of 1997, before the East Asia financial crisis and before the conclusion of the WTO negotiations in December 1997.

When Economic Reform is Faster Than Statistical Reform

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4./5 ( download)

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Book Synopsis When Economic Reform is Faster Than Statistical Reform by : Martin Ravallion

Download or read book When Economic Reform is Faster Than Statistical Reform written by Martin Ravallion and published by World Bank Publications. This book was released on 1998 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: March 1998 Household survey data show income inequality increasing in post-reform rural China-but this may reflect methods used to process data rather than the real effect of structural changes on China's rural economy. Official tabulations from household survey data suggest rising income inequality in post-reform rural China, a trend of public concern. But the structural changes in China's rural economy have not been properly reflected in the methods used to process raw survey data. Using micro data for four provinces, Ravallion and Chen find that two-thirds of the conventionally measured increase in inequality in 1985-90 vanishes when market-based valuation methods are used and allowances are made for regional cost-of-living differences. The data revisions also suggest somewhat different explanations for rising inequality. Nonfarm income was secondary to grain production. While access to farm land was relatively equal, higher returns to land over time were inequality-increasing. But holding other factors constant, lower returns to physical capital reduced inequality over time, as did private transfers. This paper-a product of the Development Research Group-is part of a larger effort in the group to improve data on poverty and inequality in developing countries. The study was funded by the Bank's Research Support Budget under the research project Dynamics of Poverty in Rural China. Martin Ravallion may be contacted at [email protected].

Child Labor in Côte D'Ivoire

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 80 pages
Book Rating : 4./5 ( download)

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Book Synopsis Child Labor in Côte D'Ivoire by : Christiaan Grootaert

Download or read book Child Labor in Côte D'Ivoire written by Christiaan Grootaert and published by World Bank Publications. This book was released on 1998 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: March 1998 Most children in Côte d'Ivoire perform some kind of work. In rural areas, more than four of five children work, with only a third combining work with schooling. Child labor in Côte d'Ivoire increased in the 1980s because of a severe economic crisis. Two out of three urban children aged 7 to 17 work; half of them also attend school. In rural areas, more than four out of five children work, but only a third of them manage to combine work with schooling. Full-time work is less prevalent, but not negligible. Roughly 7 percent of urban children work full time (an average 46 hours a week). More than a third of rural children work full time (an average of 35 hours a week), with the highest incidence in the Savannah region. The incidence of such full-time work rises with age but is by no means limited to older children. The average age of the full-time child worker in Côte d'Ivoire is 12.7. These children have received an average 1.2 years of schooling. That child is also more likely to be ill or injured and is less likely to receive medical attention than other children. Urban children in the interior cities are far more likely to work and their working hours are much longer. Among rural children, those in the Savannah region (where educational infrastructure lags far behind the rest of the country) are most likely to work. Five factors affect a household's decision to supply child labor: * The age and gender of the child (girls are more likely to work, especially when the head of household is a woman). * The education and employment status of the parents (low parental education is a good targeting variable for interventions). * The availability of within-household employment opportunities. * The household's poverty status. * The household's location (calling for geographical targeting). With improved macroeconomic growth, it is hoped, child labor will decline-but a significant decline could take several generations. Meanwhile, it is important to: * Use a gradual approach toward the elimination of child work by aiming initial interventions at facilitating combined work and schooling. * Support the development of home enterprises as part of poverty alleviation programs, but combine it with incentives for school attendance. * Make school hours and vacation periods flexible (accommodating harvest times) in rural areas. This would also improve children's health. * Improve rural school attendance by having a school in the village rather than 1 to 5 kilometers away. * Improve educational investment in the Savannah. This paper is a product of the Social Development Department. The study was funded by the Bank's Research Support Budget under the research project Child Labor: What Role for Demand-Side Interventions (RPO 680-64). The author may be contacted at [email protected].

Capital Market Responses to Environmental Performance in Developing Countries

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4./5 ( download)

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Book Synopsis Capital Market Responses to Environmental Performance in Developing Countries by : Susmita Dasgupta

Download or read book Capital Market Responses to Environmental Performance in Developing Countries written by Susmita Dasgupta and published by World Bank Publications. This book was released on 1998 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Capital Outflow from the Agriculture Sector in Thailand

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4./5 ( download)

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Book Synopsis Capital Outflow from the Agriculture Sector in Thailand by : Junichi Yamada

Download or read book Capital Outflow from the Agriculture Sector in Thailand written by Junichi Yamada and published by World Bank Publications. This book was released on 1998 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Determinants of Emerging Market Bond Spread

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 35 pages
Book Rating : 4./5 ( download)

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Book Synopsis Determinants of Emerging Market Bond Spread by : Hong G. Min

Download or read book Determinants of Emerging Market Bond Spread written by Hong G. Min and published by World Bank Publications. This book was released on 1998 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: March 1998 Macroeconomic variables matter and so does liquidity. External shocks (international interest rates) appear not to matter. In the 1990s international bond issues from developing countries surged dramatically, becoming one of the fastest-growing devices for financing external development. Their terms have improved as institutional investors have become more interested in emerging market securities and better economic prospects in a number of developing countries. But little is known about what determines the pricing and thus the yield spreads of new emerging market bond issues. Min investigates what determines bond spreads in emerging markets in the 1990s. He finds that strong macroeconomic fundamentals in a country-such as low domestic inflation rates, improved terms of trade, and increased foreign assets-are associated with lower yield spreads. By contrast, higher yield spreads are associated with weak liquidity variables in a country, such as a high debt-to-GDP ratio, a low ratio of foreign reserves to GDP, a low (high) export (import) growth rate, and a high debt-service ratio. At the same time, external shocks-as measured by the international interest rate-matter little in the determination of bond spreads. In the aggregate, Latin American countries have a negative yield curve. This paper-a product of the Development Research Group-is part of a larger effort in the group to study international transmission of financial crises in emerging economies.

Determinants of Commercial Bank Interest Margins and Profitability

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4./5 ( download)

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Book Synopsis Determinants of Commercial Bank Interest Margins and Profitability by : Asl? Demirgüç-Kunt

Download or read book Determinants of Commercial Bank Interest Margins and Profitability written by Asl? Demirgüç-Kunt and published by World Bank Publications. This book was released on 1998 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: March 1998 Differences in interest margins reflect differences in bank characteristics, macroeconomic conditions, existing financial structure and taxation, regulation, and other institutional factors. Using bank data for 80 countries for 1988-95, Demirgüç-Kunt and Huizinga show that differences in interest margins and bank profitability reflect various determinants: * Bank characteristics. * Macroeconomic conditions. * Explicit and implicit bank taxes. * Regulation of deposit insurance. * General financial structure. * Several underlying legal and institutional indicators. Controlling for differences in bank activity, leverage, and the macroeconomic environment, they find (among other things) that: * Banks in countries with a more competitive banking sector-where banking assets constitute a larger share of GDP-have smaller margins and are less profitable. The bank concentration ratio also affects bank profitability; larger banks tend to have higher margins. * Well-capitalized banks have higher net interest margins and are more profitable. This is consistent with the fact that banks with higher capital ratios have a lower cost of funding because of lower prospective bankruptcy costs. * Differences in a bank's activity mix affect spread and profitability. Banks with relatively high noninterest-earning assets are less profitable. Also, banks that rely largely on deposits for their funding are less profitable, as deposits require more branching and other expenses. Similarly, variations in overhead and other operating costs are reflected in variations in bank interest margins, as banks pass their operating costs (including the corporate tax burden) on to their depositors and lenders. * In developing countries foreign banks have greater margins and profits than domestic banks. In industrial countries, the opposite is true. * Macroeconomic factors also explain variation in interest margins. Inflation is associated with higher realized interest margins and greater profitability. Inflation brings higher costs-more transactions and generally more extensive branch networks-and also more income from bank float. Bank income increases more with inflation than bank costs do. * There is evidence that the corporate tax burden is fully passed on to bank customers in poor and rich countries alike. * Legal and institutional differences matter. Indicators of better contract enforcement, efficiency in the legal system, and lack of corruption are associated with lower realized interest margins and lower profitability. This paper-a product of the Development Research Group-is part of a larger effort in the group to study bank efficiency.

Development of Natural Gas and Pipeline Capacity Markets in the United States

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Publisher : World Bank Publications
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4./5 ( download)

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Book Synopsis Development of Natural Gas and Pipeline Capacity Markets in the United States by : Andrej Juris

Download or read book Development of Natural Gas and Pipeline Capacity Markets in the United States written by Andrej Juris and published by World Bank Publications. This book was released on 1998 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: