Firms have various ways to cope with external risks. This paper analyzes the risk coping behavior that entails the smoothing of inputs (labor, raw materials, or capital). The theoretical framework shows...
Cambodia's growth over 1998-2008 has been remarkable (almost 10 percent per annum for a decade). This paper applies a "growth diagnostic" approach to understand how this happened and how it can be sustained...
Many countries succeed in generating high economic growth at some point in their history. But only a very few manage to sustain rapid growth for an extended period. Only such a prolonged period of rapid...
Security is increasingly viewed as a key condition for economic growth and development. The authors argue that the work and impact of all development partners would be enhanced if the multiple linkages...
Many countries succeed in generating high economic growth at some point in their history. But only a very few manage to sustain rapid growth for an extended period. Only such a prolonged period of rapid...
South Asian economies have grown remarkably in the past two decades. The growth experience in Nepal -- which was one of the earliest and quickest liberalizers in the region -- was in the 1980s and 1990s...
The paper cover two broad themes in the recent reform of fiscal and economic management in Afghanistan. The first part, The Journey So Far, sets out the impressive policy and institutional reforms that...
Most of the Afghan economy's output comes from agriculture. A major part of this production is wheat, and more generally cereals, produced for domestic consumption. Some diversification has been achieved...