The point of departure of this paper is that in the absence of effectively functioning asset markets the distribution of wealth matters for efficiency. Inefficient asset markets depress total factor productivity (TFP) in two ways: first, by not allowing efficient firms to grow to the size that they should achieve (this could include many great firms that are never started); and second, by allowing inefficient firms to survive by depressing the demand for factors (good firms are too small) and hence factor prices.
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Showing items 1 through 9 of 86.-
Library ResourceReports & ResearchPolicy Papers & BriefsDecember, 2009
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Library ResourceReports & ResearchTraining Resources & ToolsMarch, 2010Haiti, Latin America and the Caribbean
Coffee is an ecologically and economically significant crop for Haiti. It is not only the main source of income for more than 100,000 farmers, but the coffee ecosystem also sustains a large part of the remaining tree cover (currently at less than 1.5 percent of land) of the country. This report does not aim to detail the structural constraints impacting upon the Haitian coffee sub-sector.
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Library Resource
Situational Analysis of Ex-Combatants in the Pool Region, Republic of Congo
Reports & ResearchPolicy Papers & BriefsDecember, 2011Congo, AfricaAlthough official warfare in the Republic of Congo stopped more than eight years ago, the pool region has continued to feel the collateral effects of war until now at a scale largely ignored by the general public. The pool region is where the Ninjas, a group of local militias, originated during the civil strife and retreated to afterwards. Peace and recovery did not gain traction in the area until 2010/11.
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Library Resource
Access to Finance
Reports & ResearchTraining Resources & ToolsJuly, 2011Philippines, Eastern Asia, OceaniaThis technical note on access to finance addresses six questions: 1) what is the access to and use of financial services in the Philippines, how does it vary, and how does it compare to other countries? 2) What financial services are available to different market segments? 3) How do different categories of financial institutions contribute to outreach, and what is their potential to expand outreach? 4) How does the regulatory environment support access to finance? 5) What financial infrastructure is available to make credit decisions?
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Library Resource
Identifying the Constraints to Inclusive Growth in Indonesia's Second-Largest Province
Reports & ResearchTraining Resources & ToolsFebruary, 2011Indonesia, Eastern Asia, OceaniaEast Java is the second largest contributor to Indonesia's economy with a growth rate similar to national level and other major provinces in Java. Nevertheless, for a province that is expected to be a major economic center in the country, there has been very little change in the region's economic structure in the past 10 years. Since 1995, the share of industry and agriculture in the economy is almost unchanged. Furthermore, the growth in both of these two sectors has been low, despite the fact that industry was once the main driver of the East Java economy.
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Library ResourceReports & ResearchPolicy Papers & BriefsDecember, 2011Central Asia, Azerbaijan, Europe
The objective of this study is to evaluate the World Bank Group's (International Bank for Reconstruction and Development [IBRD], International Development Association [IDA], and International Finance Corporation [IFC]) effectiveness in promoting growth in agricultural productivity in Azerbaijan, and to derive lessons that may be relevant for the World Bank Group's future engagement in Azerbaijani agriculture.
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Library Resource
A Critical Review
Reports & ResearchPolicy Papers & BriefsMay, 2012South Africa, Southern Africa, AfricaThis paper provides an overview of land reform in South Africa from 1994 to 2011, with the focus on the land redistribution. The government policies and associated implementation since 1994 have not generated expected social and economic results for a number of reasons. Even where land has been transferred, it appears to have had minimal impact on the livelihoods of beneficiaries, largely because of inappropriate project design, a lack of necessary support services and shortages of working capital, leading to widespread underutilization of land.
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Library Resource
Household-Level Evidence from the Chengdu National Experiment
Policy Papers & BriefsAugust, 2015China, Eastern Asia, OceaniaAs part of a national experiment in 2008, Chengdu prefecture implemented ambitious property rights reforms, including complete registration of all land together with measures to ease transferability and eliminate migration restrictions. A triple difference approach using the Statistics Bureau’s regular household panel suggests that the reforms increased consumption and income, especially for less wealthy and less educated households, with estimated benefits well above the cost of implementation.
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Library ResourceReports & ResearchAugust, 2013Sri Lanka
Economic development has brought about,
the decline in contribution of the agricultural sector to
the economy of Sri Lanka, and, consistent with this economic
transformation, the structure of employment also changed.
Thus, as labor migrates away from agriculture, the
productivity, for those who remain in the land, needs to
increase significantly. This report examines the constraints
to promoting more rapid agricultural, and rural non-farm -
Library ResourceAugust, 2012Tanzania
During the 1970s and 1980s in Tanzania,
there was a widespread perception, though a somewhat narrow,
and inaccurate one, that high and accelerating rates of
deforestation in some areas, was primarily being driven by
demand for woodfuel, and construction timber. In order to
take a more comprehensive, and strategic view of the sector,
the government launched the Tanzania Forestry Action Plan,
which covered the period 1990/91-2007/08. The Bank-assisted
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