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Working Paper
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– The political economy of compliance
This paper explores the link between trust in government, policy-making, and compliance. It focuses on a specific channel whereby citizens who are convinced that a policy is worthwhile are more motivated to comply with it. This in turn reduces the government’s cost of implementing a policy and may...
On the third day of the annual UNU-WIDER Conference on 8 September, RISE presented findings from three studies on COVID-19's impact on education systems. These studies underline the urgent need to remediate learning losses, but they also illustrate how systems can ‘build back better’. RISE’s panel...
Around the world, the pandemic, and the measures taken to address it, have had far reaching effects on poverty, inequality, and governance. And even as the need for global action has increased, many wealthy countries have turned inwards — with closed borders, stockpiling of vaccines, and...
The opening keynote of the recent WIDER Development Conference, COVID-19 and development – effects and new realities for the Global South, was given by Oriana Bandiera, Sir Anthony Atkinson Professor of Economics at the London School of Economics, an accomplished economist with several awards under...
The World Bank recently estimated that two-thirds of all jobs in developing countries are at risk of automation. This shocking statistic raises an important question: ‘What can policy makers do to prepare for this tech revolution?’ From 11-13 September UNU-WIDER hosted our 2019 WIDER Development...
– Views from Experts
13 September through 15 September 2018, UNU-WIDER hosted the Think development - Think WIDER conference in Helsinki, Finland. Over three days, participants from fifty-nine countries gathered at the Marina Congress Center to discuss the past, present, and future of development economics and the field...
It’s early July and I’m back in Maputo, Mozambique, looking over the calm sea at the boats that fish the waters for the seafood that makes visiting this part of Africa such a treat. The sunset here is a delicate combination of pale turquoise, light grey, and warm pink. Coming from the Finnish summer...
Blog
In my last blog I wrote about the common factors at play in political and economic transitions. Using the case of South Sudan, I demonstrated how these factors laid the groundwork for a fragility trap. In this post, I explain what this means. Trap begins with missed opportunities for reforms In the...
What does it mean to be a fragile state? According to the IMF, fragile states are those in ‘which the government is unable to reliably deliver basic public services to the population – [they] face severe and entrenched obstacles to economic and human development.’ It is with this understanding that...
No country is immune from unexpected crises, such as sudden breakouts of violence, war, or natural disasters. Even if some can be predicted, experience shows that the intensity, scale, and geographic spread of crises cannot be forecast with any kind of certainty. One particularly vulnerable group...
Every single day, approximately 830 women die from causes related to childbirth. Despite considerable advances in maternal health over the last three decades (Hogan et al. 2010) as well as worldwide commitment to reducing maternal deaths, sufficient reductions have not been achieved. These deaths...
Blog
The ‘Responding to crises’ conference was marked by wide range of topics. Opening the event was former Finnish Defence Minister and UN Special Rapporteur, Elisabeth Rehn, who gave us the benefit of her experience, not least in the impact of war on women and girls, and the need to follow up on the...
I had the pleasure of attending UNU-WIDER’s ‘Responding to crises’ conference last week. The theme was highly topical and session topics far-reaching, which makes the task of teasing out core ideas difficult. It may seem, as a result, that research on crises occurs in silos. However, as a poverty...
Crisis can mean different things to different people. In response to this week's WIDER conference, we must ask ‘Which crises, and crises for whom?’. The crises with the biggest impact may be long-term rather than short-lived. A good analytical approach, I believe, is to prioritize both the...
In our previous blog, we looked at some of the key facts about international migration and identified a few areas that, from an economist’s perspective, need attention. However, the question still stands: how should the international community respond to migration and refugees? There are no perfect...
Few issues have been so contentious in recent years as international migration. The refugee crisis sparked not least by the Syrian war has shown that policies governing migration are in a tangle. To quote Jeffrey Sachs’ recent article (2016): ‘There is no international regime that establishes...
Although sometimes over used, the word 'crisis' accurately describes many challenges of today's world, such as climage change, war and refugees, economic volatility, pandemics, and the continuing unmet needs of the poor, hungry, and neglected. While much has been achieved — in reducing the incidence...
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– On the significance of developing countries
This paper outlines the contours of global economic development, since 1980, to analyse underlying factors and consider future implications. The increased economic significance of developing countries, reflected in their share of world output, manufacturing and trade, is striking. But development...
Journal Article
This peer-reviewed research is available free of charge. UNU-WIDER believes that research is a global public good and supports Open Access.
This paper measures trends in global interpersonal inequality during 1975–2010 using data from the most recent version of the World Income Inequality Database (WIID). The picture that emerges using ‘absolute,’ and even ‘centrist’ measures of inequality, is very different from the results obtained...
– Recent Innovative Developments
Conventional wisdom recommends the superiority of private ownership of enterprises. The reality confronts it with a rich diversity in ownership and governance structures. This volume examines five types of unorthodox ownership and governance form emerging in the industrial sector across major...
WIDER Symposium on Adaptive Efficiency and Evolving Diversity of Enterprise Ownership and Governance
A property rights regime covers rights to use, lease, donate, bequest, and sell assets or collect the incomes generated by assets. A clear and transparent property rights regime facilitates investment and economic growth. While private property is considered by many to be the most superior type of...
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– The Economics of La Lega and Mondragón
This paper develops a theory of endogenous league formation and considers its implications for policy in developing countries. We generalize from features of the two most prominent European co-op leagues, Mondragón and La Lega, to develop the first formal model of the endogenous formation of co...
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– Evidence from East Asia
This paper investigates the benefits and associated agency costs of using internal capital markets through affiliating with groups using data of two thousand firms from nine East Asian economies between 1994-6. We find that mature and slow-growing firms with ownership structures more likely to...
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– Evidence for Italian Public Enterprises' Investment
This study examines the effect of the hardening of the budget constraint on the investment behaviour of Italian state owned enterprises (SOEs). It carries out a natural experiment that exploits the 1987 shift of budget regimes due to the pressure of European Union economic policies on the Italian...
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– The Case of Italian State-Owned Firms and the European Union
This paper contributes to the literature on the role of decentralization in hardening the budget constraint of public enterprises. Following Qian and Roland the study adopts a ‘federalist’ approach. However, it interprets federalism as the upward devolution of domestic economic policies to a...
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– A Rent Seeking Model of China’s Township-Village Enterprises
I present a study of ownership of firms under government rent seeking. Using its control of regulated inputs, a government agency extracts rents from a manager who undertakes an investment. Such a government rent seeking activity leads to a typical hold-up problem. Government ownership is shown to...
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This paper analyzes the ‘Silicon Valley model’ as a novel economic institution in the domain of technological product system innovation such as computers. We focus on the information structural relationship as well as governance relationships between venture capitalists and a cluster of...
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– Global Perspectives
We examine the role of institutional investors in financial markets and in corporate governance. In many countries, institutional investors have become the predominant players in financial markets and their influence worldwide is growing, chiefly due to the privatization and development of pension...
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– A Comparison of the United States, Japan, and Other East Asian Economies
We document that firms in eight East Asian countries and Japan diversify into more segments and engage into more related businesses―as measured by the degree of vertical relatedness and complementarity―than firms in the USA. Using data for the 1990-6 period, we observe a trend towards complementary...
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– Network Externalities and Mondragón and La Lega Co-Operative Networks
This paper examines strategies developed by Mondragón Co-operative Corporation in the Basque Region of Spain, and La Lega co-operative network in Italy, to mitigate disadvantages of the typical co-operative organizational structure and market position but without losing its critical advantages and...
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Increased equity participation by employees has attracted substantial interest for its potential to affect both economic outcomes (e.g., worker and firm performance) and social outcomes (e.g., wealth and income inequality). This paper summarizes the findings from over 50 large-sample empirical...
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In the 1990s, a new ownership form called ‘joint-stock co-operative’ (gufen hezuozhi) became widely adopted in China’s township and village enterprise sector. The promising dynamics and high adaptive ability of the new ownership form is in contradiction with the conclusions suggested by the existing...
Displaying 32 of 34 results