This report is the fifth Development Policy Financing (DPF) Retrospective. DPF, one of the Bank’s three complementary financing instruments, is non-earmarked budget financing that supports policy and institutional...
Global and regional economic development continues to face uncertainties in 2012. East Asia and the Pacific region's growth is estimated to slow down compared to 2011, but remains robust compared with...
Global and regional economic development continues to face uncertainties in 2012. East Asia and the Pacific region's growth is estimated to slow down compared to 2011, but remains robust compared with...
With development soaring in construction, manufacturing, mining and services, Lao PDR's economic outlook in 2012 is positive. As the driving force behind the domestic economy, these sectors are anticipated...
With development soaring in construction, manufacturing, mining and services, Lao PDR's economic outlook in 2012 is positive. As the driving force behind the domestic economy, these sectors are anticipated...
Boyreau-Debray分析了在中国省级范围内增长和金融中介机构之间的关系。一省银 行部门的素质是否影响该省的增长率?国有和非国有银行部门的运行状况是否不同?地方银行部门的结构是否影响一省的经济增长?为了回答这些问题,作者首先使用了地区性资本市场支离破碎的证据来说明地方信贷渠道存在的合理性。其次,她用1990年至1999年间26个省的数据集,界定了地方银行业发展指标,并通过广义力矩法系统估计值将这些指标引入了传统的增长回归框架。结果表明,国家级银行发放的信贷对省级经济增长具有负面影响。造成这一负面影响的原因似乎是为了支持国有企业部门而承受的负担,而不是国有银行的不良业绩。另外,银行部门更多元化的省份,看上去增长得更快。