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| PREM Notes |
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This
note series is intended to summarize
good practice and key policy findings
on Economic Policy, Gender, Governance
and Public Sector Reform, Poverty and Trade.
If you are interested in writing a PREM
note, please refer to the guidelines. |
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11 to 20 of 148 |
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Fiscal Policy for Growth
PREM
Note 131
The very minimum that a government is expected to do nowadays in any
country is to remove or cut down the obstacles to economic growth met by
the private sector and, much more frequently, it is deemed to have the task of striving for growth in a positive manner both by example and by precept.A.R. Prest (1972), Public Finance in Undeveloped Countries, p. 17
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On the Marriage between Public Spending and Growth: What Else Do We Know?
PREM
Note 130
While there are strong theoretical arguments for ways in which public spending influences growth, robust empirical links have been difficult to establish. More recently, many of the methodological problems that plagued the earlier literature have been overcome and interesting policy lessons drawn. The number of studies of developing countries using these new approaches is still limited, due to data scarcity and other comparability issues, but overall findings from the new literature are relevant for developing country policy makers and also open new venues for future research. The objective of this note is to present these new empirical results together with the methodological improvements that support them, and to outline some of the issues that need deeper analysis and empirical study, particularly in developing countries.
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Linking Fiscal Policy and Growth in PER Reports: An Operational Framework for Low-Income
PREM
Note 129
Public expenditure reviews (PERs) could be a key analytical tool in policy dialogue and World Bank financial support (normally under Development Policy Loans) to public finance reforms. However, there is a widely held perceptions that some PERs are analytically weak when it comes to linking fiscal policy choices and their economic growth implications.
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Assessing Our Work on Impact Evaluation
PREM
Note 126
Over the last several years, the World Bank has increasingly engaged in impact evaluations as means of building evidence for results. During this process, the Bank has also produced an extensive variety of knowledge products. However, there are several institutional and resource issues that constrain the effectiveness of our impact evaluation work. This brief outlines recent gains in the Banks work on impact evaluation, highlights several issues, and proposes some options to continue improving and expanding the Banks efforts in this area.
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Breaking Out of Inequality Traps: Political Economy Considerations
PREM
Note 125
This Note is based on presentations and comments by François Bourguignon, Frances Stewart, Léonard Wantchékon, and Nancy Birdsall (chair) at the 2008 PREM Conference session on Political Economy of Inequality: Implications for Inclusive Growth, and focuses on actions that the World Bank may pursue to promote more inclusive growth.
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