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THIS ARTICLE IS ON EARLY VIEW. Corruption is widely believed to have an adverse effect on the economic performance of a country. However, many East and Southeast Asian countries either achieved or currently are achieving impressively rapid economic growth despite widespread corruption...
Globally, around 250 million children under the age of five do not meet key development milestones, which reduces their ability to reach their full potential. This column explores the evidence on what works to promote positive parenting practices, particularly in low-income contexts. The authors...
As COVID-19 ravages international trade and production, policy-makers are shifting their sights from global value chains (GVCs) to regional value chains (RVCs) as pathways to industrialization. This blog presents evidence from the textiles and apparel sector in Tanzania, which shows that...
States with fragile state health systems have been commended for effective responses to the COVID-19 pandemic. But if we take into account factors such as favourable climate and the age structure of the population, the COVID-19 impact is, in fact, greater on states with weak institutions, explain...
Small firms are more sensitive to changes in interest rates. Small firms which are financially constrained, and have relatively weaker balance sheets and idiosyncratic risks, also face a higher cost of capital from external sources On average, a one percentage point increase in interest...
Regional integration in Africa has potential for increasing regional trade and contribute towards industrialization and economic development. Agro-processing trade offers numerous opportunities for southern Africa countries and is a potential area of business to reduce poverty in the region....
For a growing number of countries in Africa the discovery of natural resources is a great opportunity, but one accompanied by considerable risks. There is an extensive literature linking natural resource dependence to poor economic performance. One cause is that resource-abundant economies tend...
The world needs a people’s vaccine for COVID-19 — one provided universally, and accessible to the entire world population. A patent-protected vaccine could ultimately exclude many people from being vaccinated and protected. Unfortunately, most projects to develop a COVID-19 vaccine...
We examine the effect of pandemics on selected commodity prices—in particular, those of zinc, copper, lead, and oil. We set up a vector autoregressive model and analyse data since the mid-nineteenth century to determine how prices reacted to pandemics such as the 1918 Spanish Flu, 1957...
A growing body of research shows that COVID-19 both reflects and exacerbates existing inequalities. However, there are significant gaps in this research area with respect to ‘horizontal’ or group-based inequalities in Global South countries. Lack of group-disaggregated data often...
Resource mobilization continues to be an important policy challenge for developing economies, raising questions as to what determines differences in saving behaviour across countries. Using a panel of 47 economies with at least 40 years of continuous time series data, we causally identify,...
Stunted growth in early life has serious implications for children and is a well-established constraint to productivity, life expectancy, and cognitive development. This paper evaluates the relative contributions of household resources and public service delivery in reducing the orphan-...
This paper adds quantitative analysis to the study by Crompton et al. (2020), in which various alternative regulatory arrangements regarding the petrol price in South Africa were explored. We use a multi-sector dynamic computable general equilibrium model for South Africa to conduct our...
Over the past two decades, research on the impacts of a diverse range of public policies and income inequality has seen rapid growth. Despite the large number of publications to date, there remain important lacunae in our understanding of how policy interventions might help to reduce income...
Using a special module of the 2015 Mexican Labour Force Survey with information on workers’ preferences for jobs with social security coverage, I estimate that 80 per cent of informal workers in large urban areas would prefer to work in a job that provides them with such coverage. A...
The informal sector has long been viewed as a locus of the disadvantaged, unskilled, and inexperienced workers in under-developed and developing economies. Workers in the informal sector, however, can learn skills and gain experience that could help them switch to better-paying jobs in the formal...