Geospatial data for research on economic development

Center for Research on Economic Development

The paper, motivated by the extent of government involvement in the financial sectors of many countries, presents a model of a link between financial intermediation and economic growth. The model conceptualises a financial leverage coefficient, a construct which is the outcome of aggravated moral hazard generated by a combination of government involvement in financial intermediation and the pre...

Center for Research on Economic Development

Center for Research on Economic Development

We explore the relation between variability in the rate of return to human capital and investment in education in the context of migration. Specifically, we show that if migration is a possibility, such variability in the rate of return to human capital can induce residents of developing countries to make greater investments in education. Moreover, providing that education is relatively costly,...

Center for Research on Economic Development and Policy Reform

Following decades of protectionism and a powerful interventionist state, the Brazilian economy suddenly exposed itself to external competition and went through a fast process of privatization. The institutional reforms implemented in the nineties helped to stabilize the economy and create a friendlier environment for attracting investments and fostering growth. Despite of uncertainties that sti...

Center for Research on Economic Development and Policy Reform

Macroeconomic data for the 14 major Indian states reveal the extent of inter-state differences in the pace of economic growth in the past decade. Rising regional inequality, as measured by an increase in the Gini-coefficient from 1986-87 to 1997-98, has important implications for poverty reduction. Because of state specific characteristics, the divergent patterns of economic growth witnessed in...