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Book
The oxford handbook of comparative institutional analysis
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ISBN: 0191613630 0191584835 1283222698 9786613222695 0191572624 Year: 2010 Publisher: Oxford, England : Oxford University Press,

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It is increasingly accepted that 'institutions matter' for economic organization & outcomes. This text explores the issues perspectives, & models, concerned with comparative institutional analysis. The leading scholars in the area contribute chapters to provide a central reference point for academics, scholars, & students.


Book
The Oxford Handbook of Comparative Institutional Analysis.

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It is increasingly accepted that 'institutions matter' for economic organization & outcomes. This text explores the issues, perspectives, & models, concerned with comparative institutional analysis. The leading scholars in the area contribute chapters to provide a central reference point for academics, scholars, & students.


Book
Occupational Dualism and Intergenerational Educational Mobility in the Rural Economy : Evidence from China and India
Authors: --- --- ---
Year: 2020 Publisher: Washington, D.C. : The World Bank,

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This paper extends the Becker-Tomes model of intergenerational educational mobility to a rural economy characterized by farm-nonfarm occupational dualism and provides a comparative analysis of rural China and rural India. The model builds a micro-foundation for the widely used linear-in-levels estimating equation. Returns to education for parents and productivity of financial investment in children's education determine relative mobility, as measured by the slope, while the intercept depends, among other factors, on the degree of persistence in nonfarm occupations. Unlike many existing studies based on coresident samples, our estimates of intergenerational mobiity do not suffer from truncation bias. The sons in rural India faced lower educational mobility compared with the sons in rural China in the 1970s to 1990s. To understand the role of genetic inheritance, Altonji and others (2005) sensitivity analysis is combined with the evidence on intergenerational correlation in cognitive ability in economics and behavioral genetics literature. The observed persistence can be due solely to genetic correlations in China, but not in India. Fathers' nonfarm occupation and education were complementary in determining a sons' schooling in India, but separable in China. There is evidence of emerging complementarity for the younger cohorts in rural China. Structural change in favor of the nonfarm sector contributed to educational inequality in rural India. Evidence from supplementary data on economic mechanisms suggests that the model provides plausible explanations for the contrasting roles of occupational dualism in intergenerational educational mobility in rural India and rural China.


Book
The new global rulers : the privatization of regulation in the world economy.
Authors: ---
ISBN: 9780691157979 9780691144795 Year: 2011 Publisher: Princeton Princeton university

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The Rural-Urban Divide and Intergenerational Educational Mobility in a Developing Country : Theory and Evidence from Indonesia
Authors: --- ---
Year: 2020 Publisher: Washington, D.C. : The World Bank,

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This paper provides an analysis of the rural-urban divide in intergenerational educational mobility in Indonesia with two distinguishing features. First, the estimating equations are derived from theory incorporating rural-urban differences in returns to education and school quality, and possible complementarity between parent's education and financial investment. Second, the data are suitable for tackling the biases from sample truncation due to coresidency and omitted cognitive ability heterogeneity. The evidence rejects the workhorse linear intergenerational educational persistence equation in favor of a convex relation in rural and urban Indonesia. The rural-urban relative mobility curves cross, with the children of low educated fathers enjoying higher relative mobility in rural areas, while the pattern flips in favor of the urban children when the father has more than nine years of schooling. However, the rural children face lower absolute mobility across the whole distribution of father's schooling. Estimates from the investment equation suggest that, in urban areas, children's peers are complementary to financial investment by parents, while the adult role models are substitutes. In contrast, separability holds in villages. Peers and role models are not responsible for the convexity in both rural and urban areas, suggesting more efficient investment by educated parents as a likely mechanism, as proposed by Becker and others (2015, 2018). The theoretical relation between the intercepts of the mobility and investment equations helps in understand whether school quality is complementary to or a substitute for parental financial investment. This paper finds evidence of substitutability, implying that public investment to improve the quality of rural schools is desirable on both equity and efficiency grounds.


Book
"Crowding in" and the Returns to Government Investment in Low-Income Countries
Authors: ---
Year: 2014 Publisher: Washington, D.C., The World Bank,

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This paper estimates the effect of government investment on private investment in a sample of 39 low-income countries. Fluctuations in a predetermined component of disbursements on loans from official creditors to developing country governments are used as an instrument for fluctuations in public investment. The analysis finds evidence of "crowding in": an extra dollar of government investment raises private investment by roughly two dollars, and output by 1.5 dollars. To understand the implications for the return to public investment, a CES production function with public and private capital as inputs is calibrated. For most countries in the sample, the returns to government investment exceed the world interest rate. However, for some countries that already have high government investment rates, the return to further investment is below the world interest rate.


Book
Are the Children of Uneducated Farmers Doubly Disadvantaged? : Farm, Nonfarm and Intergenerational Educational Mobility in Rural China.
Authors: ---
Year: 2015 Publisher: Washington, D.C. : The World Bank,

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This paper relaxes the single-factor model of intergenerational educational mobility and analyzes heterogeneous effects of family background on children's education in villages, with a focus on the role of nonfarm occupations. The analysis uses data from rural China that cover three generations, and are not subject to coresident sample selection. Evidence from a battery of econometric approaches shows that the mean effects of parents' education miss substantial heterogeneity across farm-nonfarm occupations. Having nonfarm parents, in general, has positive effects, but children of low educated non-farmer parents (with higher income) do not enjoy any advantages over the children of more educated farmer parents. Estimates of cross-partial effects without imposing functional form show little evidence of complementarity between parental education and nonfarm occupation. The role of family background remains relatively stable across generations for girls, but for boys, family background has become more important after the market reform. The paper explores causality using three approaches: Rosenbaum sensitivity analysis, minimum biased inverse propensity weighted estimator, and heteroscedasticity-based identification. The analysis results suggest that the advantages of having more educated parents, especially with nonfarm occupations, are unlikely to be due solely to selection on genetic transmissions. However, the estimated positive effects of nonfarm over farmer parents among the low educated households may be driven entirely by moderate selection on genetic endowment.


Book
The New Global Rulers
Authors: ---
ISBN: 0691157979 0691144796 9786613013378 1400838797 1283013371 9781400838790 6613013374 9780691144795 9781283013376 Year: 2011 Publisher: Princeton, NJ

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Over the past two decades, governments have delegated extensive regulatory authority to international private-sector organizations. This internationalization and privatization of rule making has been motivated not only by the economic benefits of common rules for global markets, but also by the realization that government regulators often lack the expertise and resources to deal with increasingly complex and urgent regulatory tasks. The New Global Rulers examines who writes the rules in international private organizations, as well as who wins, who loses--and why. Tim Büthe and Walter Mattli examine three powerful global private regulators: the International Accounting Standards Board, which develops financial reporting rules used by corporations in more than a hundred countries; and the International Organization for Standardization and the International Electrotechnical Commission, which account for 85 percent of all international product standards. Büthe and Mattli offer both a new framework for understanding global private regulation and detailed empirical analyses of such regulation based on multi-country, multi-industry business surveys. They find that global rule making by technical experts is highly political, and that even though rule making has shifted to the international level, domestic institutions remain crucial. Influence in this form of global private governance is not a function of the economic power of states, but of the ability of domestic standard-setters to provide timely information and speak with a single voice. Büthe and Mattli show how domestic institutions' abilities differ, particularly between the two main standardization players, the United States and Europe.

Keywords

Commercial policy --International cooperation. --- Complementarity (International law). --- Foreign trade regulation. --- International finance. --- Standardization --International cooperation. --- Commercial policy --- Foreign trade regulation --- International finance --- Standardization --- Complementarity (International law) --- Commerce --- Business & Economics --- International Commerce --- International cooperation --- -Foreign trade regulation --- -382.3 --- Industrial engineering --- Grading --- Mass production --- Specifications --- Testing --- International monetary system --- International money --- Finance --- International economic relations --- Export and import controls --- Foreign trade control --- Import and export controls --- International trade --- International trade control --- International trade regulation --- Prohibited exports and imports --- Trade regulation --- Foreign trade policy --- International trade policy --- Trade policy --- Economic policy --- Law and legislation --- Government policy --- E-books --- International cooperation. --- Complementarity principle (International law) --- Principle of complementarity (International law) --- Criminal procedure (International law) --- Jurisdiction (International law) --- International criminal courts --- International Accounting Standards Board. --- International Organization for Standardization. --- International Electrotechnical Commission. --- Commission Electrotechnique Internationale --- International organization for standardization --- Organisation internationale de normalisation --- IASB --- Law and globalization --- Privatization --- Denationalization --- Privatisation --- Contracting out --- Corporatization --- Government ownership --- Globalization and law --- Globalization --- Kuo chi piao chun hua tsu chih --- 国际标准化组织 --- Międzynarodowa Organizacja Normalizacyjna --- Organizația Internațională de Standardizare --- Mezinárodní organizace pro normalizaci --- ISO --- ИСО --- I.S.O. --- Mezhdunarodnai︠a︡ organizat︠s︡ii︠a︡ po standartizat︠s︡ii --- Международная организация по стандартизации --- International Standards Association --- International Standards Organization --- Kokusai Hyōjunka Kikō --- 国際標凖化機構 --- Europe. --- Financial Accounting Standards Board. --- Germany. --- United Kingdom. --- United States. --- accounting governance. --- accounting regulation. --- business administration. --- domestic interests. --- domestic standardization. --- economics. --- financial markets. --- financial reporting standards. --- focal rule-making institutions. --- global financial markets. --- global financial reporting. --- global private governance. --- global private regulation. --- global product markets. --- global regulation. --- global regulatory governance. --- global rule-making. --- institutional complementarity theory. --- institutional complementarity. --- institutional fragmentation. --- institutional reform. --- institutional structure. --- intergovernmental organizations. --- international competition. --- international private organizations. --- international product standards. --- international standard-setting. --- international standardization. --- law. --- legitimacy. --- market-based private regulation. --- nonmarket private governance. --- nontariff trade barriers. --- political science. --- power. --- private regulators. --- privatization. --- product markets. --- product regulation. --- product standards. --- public policy. --- public regulatory agencies. --- regulatory authority. --- rule-making institutions. --- rule-making. --- sociology. --- standardization. --- transgovernmental cooperation.


Book
Gender Bias and Intergenerational Educational Mobility : Theory and Evidence from China and India
Authors: --- ---
Year: 2020 Publisher: Washington, D.C. : The World Bank,

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This paper incorporates gender bias against girls in the family, school and labor market in a model of intergenerational persistence in schooling where parents self-finance children's education because of credit market imperfections. Parents may underestimate a girl's ability, expect lower returns, and assign lower weights to their welfare ("pure son preference"). The model delivers the widely used linear conditional expectation function under constant returns and separability but generates an irrelevance result: parental bias does not affect relative mobility. With diminishing returns and complementarity, the conditional expectation function can be concave or convex, and parental bias affects both relative and absolute mobility. This paper tests these predictions in India and China using data not subject to coresidency bias. The evidence rejects the linear conditional expectation function in rural and urban India in favor of a concave relation. Girls in India face lower mobility irrespective of location when born to fathers with low schooling, but the gender gap closes when the father is college educated. In China, the conditional expectation function is convex for sons in urban areas, but linear in all other cases. The convexity supports the complementarity hypothesis of Becker and others (2018) for the urban sons and leads to gender divergence in relative mobility for the children of highly educated fathers. In urban China, and urban and rural India, the mechanisms are underestimation of the ability of girls and unfavorable school environment. There is some evidence of pure son preference in rural India. The girls in rural China do not face bias in financial investment by parents, but they still face lower mobility when born to uneducated parents. Gender barriers in rural schools seem to be the primary mechanism.


Book
Public Capital, Growth and Welfare
Author:
ISBN: 1283864142 1400845394 9781400845392 9781283864145 9780691155807 0691155801 Year: 2012 Publisher: Princeton, NJ

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In the past three decades, developing countries have made significant economic and social progress, from improved infant mortality rates to higher life expectancy. Yet, 1.3 billion people continue to live in extreme poverty in the developing world, leading policymakers to place a renewed emphasis on policies that could promote economic efficiency and the productivity of the poor. How should these policies be sequenced and implemented to spur growth? Would a large, front-loaded increase in public infrastructure investment yield the desired growth-promoting effect? Taking a rigorous look at this kind of investment and its outcomes, this book explores the different channels through which public capital in infrastructure may affect growth and human welfare, and develops a series of formal models for understanding how these channels operate. Bringing together a vast amount of research in one unifying framework, Pierre-Richard Agénor finds that in considering investment in infrastructure, a variety of externalities need to be factored into analytical models and introduced in policy debates. Lack of access to infrastructure not only constrains the expansion of markets and private investment, it may also hinder the achievement of health and education targets. Ease of access, conversely, promotes innovation and empowers women by allowing them to reallocate their time to productive uses. Laying a solid foundation of economic facts and ideas, Public Capital, Growth, and Welfare provides a comprehensive look at the critical role of public capital in development.

Keywords

Capital investments. --- Economic development. --- Public welfare. --- Benevolent institutions --- Poor relief --- Public assistance --- Public charities --- Public relief --- Public welfare --- Public welfare reform --- Relief (Aid) --- Social welfare --- Welfare (Public assistance) --- Welfare reform --- Development, Economic --- Economic growth --- Growth, Economic --- Capital expenditures --- Capital improvements --- Capital spending --- Fixed asset expenditures --- Plant and equipment investments --- Plant investments --- Government policy --- Human services --- Social service --- Economic policy --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Investments --- Capital investments --- Economic development --- E-books --- 331.31 --- 336.01 --- 338.340 --- AA / International- internationaal --- LDC / Developping Countries - Pays En Développement --- Economisch beleid --- Overheidsbemoeiing op economisch gebied --- Algemene ontwikkeling in de Derde Wereld --- AllaisГamuelson Overlapping Generations. --- AllaisГamuelson Overlapping. --- R&D activity. --- child rearing. --- children's health. --- complementarity. --- crowding-out effects. --- developing world. --- economic development. --- economic efficiency. --- economic growth. --- education. --- extreme poverty. --- fiscal policy. --- government spending. --- health. --- human capital. --- human development. --- human welfare. --- income distribution. --- indirect taxation. --- infrastructure access. --- infrastructure. --- knowledge accumulation. --- labor supply. --- low-growth equilibrium. --- political economy. --- poor. --- poverty reduction. --- poverty trap. --- poverty. --- productivity. --- public capital. --- public infrastructure. --- public policy. --- public spending. --- publicаrivate partnerships. --- time allocation. --- trade. --- women.

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