This paper is an attempt to broaden economic discourse by importing insights into human behavior not just from psychology, but also from sociology and anthropology. Whereas in standard economics the concept...
This paper is an attempt to broaden economic discourse by importing insights into human behavior not just from psychology, but also from sociology and anthropology. Whereas the concept of the decision-maker...
After long suffering from benign neglect if not outright contempt, industrial policy is almost fashionable again. The global financial and economic crisis known as the Great Recession has forced researchers...
This essay is about an important area in which there has been major rethinking -- industrial policy, by which the authors mean government policies directed at affecting the economic structure of the economy...
As the Eurozone crisis drags on, it is evident that a part of the problem lies in the architecture of debt and its liabilities within the Eurozone and, more generally, the European Union. This paper argues...
The World Development Report (WDR) has become such a fixture that it is easy to forget the circumstances under which it was born and the Bank's motivation for producing such a report at that time. In the...
The global financial crisis has cast doubt over the neoclassical paradigm in advanced industrial countries. Much of development economics had been viewed as asking how developing countries can successfully...
This book examines the 35-year career of Vinod Thomas. He spent those 35 years within the World Bank Group in different positions and in different regions. This book is organized in four parts. First...
This paper assesses the role of ideas in economic change, combining economic and historical analysis with insights from psychology, sociology and anthropology. Belief systems shape the system of categories...
Contents of the report are: Overview : from media markets to policy; by Roumeen Islam. The media's influence on public policy decisions; by David Stromberg, and James M. Snyder Jr. National media and local...
The World Development Report (WDR) has become such a fixture that it is easy to forget the circumstances under which it was born and the Bank's motivation for producing such a report at that time. In the...
Contents of the report are: Overview : from media markets to policy; by Roumeen Islam. The media's influence on public policy decisions; by David Stromberg, and James M. Snyder Jr. National media and local...
An earlier paper showed that an economy could be trapped in an equilibrium state in which the absence of the rule of law led to asset-stripping, and the prevalence of asset-stripping led to the absence...
How does the lack of legitimacy of property rights affect the dynamics of the creation of the rule of law? The authors investigate the demand for the rule of law in post-communist economies after privatization...
Information and Communication Technologies (ICTs) are a potentially revolutionary means of empowering the poor. Yet most people in Latin America and the Caribbean do not have access to a telephone or computers...
This Sixth Annual World Bank Conference on Development Economics, one of the world's best-known series of conferences, aims at the presentation, and discussion of new knowledge on development. The theme...
Hoff和Stiglitz在早先的一篇论文中用数学方法说明了一个理论。该理论表明,在缺乏限制资产流失的制度时,大规模的私有化不会产生法制需求[《大爆炸之后?后共产主义社会形成法制的障碍》,美国经济研究94(3),2004年6月,753–63页]。本报告用简单的图表说明了相同的观点。其中心思想是,个人的经济行为(价值生成或资产流失)和政治地位具有相互依赖性。“大爆炸”式的私有化会使个人产生迅速抓住一切可能财物的希冀,而不是等待建立起使他们可以产生更多资产的产权保护制度。资产流失使某些此类个人有意延长法制不健全的时间,以便在不受政府实施产权保护制约的条件下享受资产流失的收益。每个个人在试图影响全社会的环境选择时,重点考虑的都是对自己的影响,而不是对其他人的影响。在选择经济行为时,个人无视其经济决策对自己怎样投票和对他人认为体制会怎样发展的影响,以及对他人因此会怎样投资和投票的影响。因此,个人行为的两个扭曲与选举的公众利益性有关。作者根据该框架提出了进一步的论点。由于个人经济和政治选择之间的相互依赖性,不能把对法制的需求和抵制与宏观经济政策相分离。过分严厉的宏观经济政策会降低价值生成相对于资产流失的回报率,并因此削弱对法制的均衡需求。宏观经济政策和制度演变都不是独立的问题。
These are the proceedings of the Annual World Bank Conference on Development Economics, which gathers the global perspective of scholars, and practitioners of development policy from academic life, government...
The book contains a selection of papers presented at the Conference on Democracy, Market Economy, and Development, whose objective was to examine the extent of which democracy is important to the achievement...
The institutions of bankruptcy have been at the center of the great economic events of the last decade, ranging from the Asian economic crisis, to the transition from socialism to capitalism. Our understanding...