This paper contains a numerical listing of working papers produced by the Policy, Planning, and External Affairs Complex. Each citation contains a brief abstract, and the contact point for the paper.
This paper is a brief history of financial regulation. The removal and relaxation of controls on credit and interest rates in the 1980s and the growing emphasis on prudential controls is highlighted. Three...
The author surveys recent growth models that try to explain the diversity among countries in rates of economic growth. The author finds that these models can generate differences in growth rates only in...
This paper focuses on what determines labor redundancy in selected modes of transport (rails, ports, and buses) in six countries: Brazil, Chile, Ghana, Mauritius, Sri Lanka, and Yugoslavia. It also analyzes...
The optimal charge for road use is equal to variable costs for road maintenance, together with the costs road users impose on other road users and on the rest of society. One persistent question raised...
The Volan units (previously unitary but now formally dismembered) provide public transport services for both passengers and freight, and make up the largest enterprise in Hungary's road transport industry...
When agricultural production is taxed, the system of producer prices, transport logistics, and decisions on investments in transport for exports must be considered together. Many African states raise revenue...
Canada was the first country to enact comprehensive antitrust legislation (in 1889) and to institute an antidumping system (in 1904). Canada's original "unfair" trade legislation reflected a desire to...
This paper discusses the magnitude of external resources that sub-Saharan Africa may require during the 1990s. There can be no firm projections because requirements are affected both by the growth and...
The term "excess liquidity" may refer to the share of liquid assets in bank portfolios (the result of a retrenchment in bank lending, or a "credit crunch") or to money holdings of the nonbank public. Excess...
A significant domestic counterpart of Morocco's vigorous external adjustment in the eighties was a decline in fixed capital formation, of which the private sector bore a sizable share. The authors focus...
Economic stability, sound macroeconomic policies, and appropriate microeconomic incentives hold down a country's external debt burden. Most of the Asian countries pursued prudent macroeconomic policies...
Analysis of decade-long growth rates in all countries shows a striking regularity: episodes of rapid growth are limited largely to a middle range of initial income; neither very poor nor very rich countries...
Reform is often flawed by delayed implementation and, after initial acceptance, sudden reversals in public reaction. In recent years, many attribute these delays and reversals to reform dynamics because...
Agriculture's share in an economy invariably declines as per capita income rises and as the economy develops. The literature on its causes has focused on the relative price effects arising from demand...
The authors suggest that there are important opportunities to empirically evaluate the theoretically predicted channels from policy to growth. They propose a research agenda based on the endogenous growth...
Antidumping has about it the aura of a special measure to undo a special problem. Within this view, the explosion of antidumping actions in the 1980s was simply a good thing carried too far: the appropriate...
Antidumping actions by importing countries do not protect their consumers. What protects domestic consumers is competition. It is Korean consumers who are paying for the development of the Korean electronics...
Dumping accurs when a firm charges a price in the foreign market below its price in the domestic market when it supplies the indentical good to both markets. Provisions within the GATT allow member countries...
The agricultural transition is an essential part of stabilization and adjustment in Eastern and Central Europe because agricultural sectors are large and food is important. The supply response that many...