1,721,180 research outputs found
Microfinance Impact Evaluation: A Managerial Perspective
Full text linkThe objective of this concept note was to introduce Impact Evaluation and highlight its need and importance during these turbulent times. As it turns out that Impact Evaluation holds promise to a host of benefits to the MFIs ranging from consumer insights to launching of new products and services and from better reporting standards to performance measurement. It will gain further prominence in coming days as focus of various stakeholders undergoes drastic shift towards social performance and understanding the consumer behavior. Not only it will be a strategic exercise but it will be adopted as a risk mitigation tool for identifying loopholes and appropriate measures to plug them.Microfinance, Impact Evaluation,
The U.S. Aid “Surge” to Pakistan: Repeating a Failed Experiment?
Full text linkDuring the 1990s, the World Bank and several donor partners provided a “surge” in external aid to support Pakistan’s social sectors. Despite the millions of donor dollars spent, the program failed. Poverty was higher in Pakistan in 2004 than it was a decade earlier when the antipoverty program began. This working paper re-releases a CGD analysis of the World Bank’s program, which was prepared in 2005 by CGD researchers Nancy Birdsall, Milan Vaishnav, and Adeel Malik. The analysis reports the many problems donors faced while working with Pakistan’s government to improve health and education outcomes. A new preface by Nancy Birdsall and Molly Kinder identifies the key lessons from this massive donor experiment that are relevant today, as the United States and other donors prepare to increase their assistance to Pakistan to historic levels.Pakistan, World Bank, aid, foreign assistance, growth, development, economics
On the contribution of demographic change to aggregate poverty measures for the developing world
Full text linkRecent literature and new data help determine plausible bounds to some key demographic differences between the poor and non-poor in the developing world. The author estimates that selective mortality-whereby poorer people tend to have higher death rates-accounts for 10-30 percent of the developing world's trend rate of"$1 a day"poverty reduction in the 1990s. However, in a neighborhood of plausible estimates, differential fertility-whereby poorer people tend also to have higher birth rates-has had a more than offsetting poverty-increasing effect. The net impact of differential natural population growth represents 10-50 percent of the trend rate of poverty reduction.Health Monitoring&Evaluation,Services&Transfers to Poor,Safety Nets and Transfers,Rural Poverty Reduction,Health Indicators
Eastern Europe's experience with banking reform : is there a role for banks in the transition?
Full text linkAre there lessons to be learned about how Eastern European countries have dealt with problems in their banking systems? What role have these countries assigned to banks during the transition? How have they used banks in dealing with the enterprise problem? The author addresses these questions by analyzing experience in Bulgaria, Hungary, Poland, Romania, and the former Czech and Slovak Federal Republic. Most of these countries have made substantial progress in restructuring their banking systems, but few have used their banking systems to improve the allocation of credit and hence stimulate the supply response. The author finds the following. The problem is not whether banks hold nonperforming loans but how banks can avoid accumulating more nonperforming loans. The underlying problem is how to close loss-making and nonviable enterprises. The countries that have encouraged the establishment of new private banks, that have introduced regulation and supervision, and that have tried to make banks more competitive have been more successful at improving the allocation of credit and achieving more control over loss-making enterprises. Banks must focus on assessing risk - and for this, capital, private ownership, and adequate regulation are crucial. How quickly banks achieve independence in credit decisions depends on how fast new governance structures can be introduced. In this, the five countries have been less successful. The objectives of bank recapitulation should be to prevent banks from accumulating more nonperforming loans (that is, dealing with the enterprise problem) and to give them the governance structure that would prevent them from incurring new nonperforming loans. This requires introducing a system of risk and reward - by making banks comply with capital adequacy requirements, by privatizing a critical number of banks, and by introducing strong regulation and supervision. Government should see that banks provide efficient payment systems, the basis for trust in banking systems. Introducing adequate regulation and supervision has been difficult as it requires knowing what the banks'role should be. Evidence strongly supports the need to recapitalize and privatize a critical number of banks. Authorities cannot rely on banks to exert control on enterprises early in the transition. In the early stages, control over state-owned enterprises should be exercised by a semipublic institution.Banks&Banking Reform,Financial Intermediation,Financial Crisis Management&Restructuring,Municipal Financial Management,Banking Law
Demographic dynamics and sustainability: insights from an integrated, multi-country simulation model
Full text linkWe develop a simulation model to assess sustainable development on three levels: economic (by determining production, consumption, investment, direct foreign investment, technology transfer, and international trade), social (by calculating population change, migration flows, and welfare), and environmental (by computing the difference between pollution and remediation). The model follows “representative” countries that differ in their initial endowments (i.e., natural resource endowment, physical and human capital, technology, and population), and thus in their development levels and prospects. In a world with movement of goods, people, and capital, free substitution in production, flexible economic structures, and the ability to upgrade input factors via investment, we find that, rather than the physical capacity of the earth being responsible for unsustainable paths, the initial disparities in circumstances among countries and the complex of internal and international human interrelationships can lead to a “social non sustainability” or continued divergence of outcomes. In our model history matters (the exogenous history implied by different starting conditions as well as the endogenous history that evolves over the simulations) in the ultimate prospects of countries and how they respond to institutions (e.g., free trade). Many of the most important country-specific starting points relate to population: human capital and population size, structure, and rates of change.simulation
Strengthening the Bank's population work in the nineties
Full text linkThis paper argues that the Bank should give renewed priority to population matters and accelerate the current upward trend in lending for family planning programs in the 1990s. It is timely for two reasons. First, the need for bank action in population will increase in the 1990s as a result of growing unmet demand for family planning and stagnant bilateral assistance levels. Second, there is evidence that the initial effects of the 1987 World Bank reorganization have been to strengthening the potential for population work by integrating it more fully with economic analysis and overall country programming, but some further adjustments would assure that the potential could be realized. As the largest and most influential international development organization, there is an important leadership role for the Bank in promoting population policy analysis, dialogue, and in financing family planning programs.Adolescent Health,Health Monitoring&Evaluation,Agricultural Research,Reproductive Health,Early Child and Children's Health
Microeconomic Instability and Children's Human Capital Accumulation: The Effects of Idiosyncratic Shocks to Father's Income on Child Labor, School Drop-Outs and Repetition Rates in Brazil
Full text linkOutstanding Female Economists in the Analysis and Practice of Development Economics
No full textThis article examines the contributions of five eminent economists, all women, to the analysis and practice of development economics. Irma Adelman, Frances Stewart, and Nancy Birdsall are leading advocates of alternative development strategies that focus on poverty alleviation and investment in human capital. Anne Krueger and Alice Amsden stand at the forefront of two opposing camps in a lively and long-lasting debate on the appropriate role of government in trade and industrialization. We use the storied careers of these economists as a vehicle to convey the big picture of how development economics has evolved and which topics have proved durable.Peer reviewe
Schooling Inequality, Crises, and Financial Liberalization in Latin America
Full text linkLatin America is characterized by high and persistent schooling, land, and income inequalities and extreme income concentration. In a highly unequal setting, powerful interests are more likely to dominate politics, pushing for policies that protect privileges rather than foster competition and growth. As a result, changes in policies that political elites resist may be postponed in high-inequality countries to the detriment of overall economic performance. This paper examines the relationship between structural, high inequality—measured by high levels of schooling inequality—and liberalization of the financial sector for a sample of 37 developing and developed countries for the period 1975 to 2000. Liberalization of the financial sector can be broadly thought of in the Latin American pre-2000 context as opening credit markets that earlier were largely restricted, including by ending directed credit. For our measure of structural inequality we use data on schooling Gini coefficients that have not previously been used in this context. In our sample, we find that increases in financial liberalization were associated with bank crises and other domestic and external shocks, and that higher schooling inequality reduces the impetus for liberalization brought on by bank crises.Latin America, education, inequality, financial liberalization
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