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Research Highlights 2007

Developing Countries: A Strategy for Macroeconomic Stability
March 7, 2008
With financial markets being in a state of turmoil, developing countries—often vulnerable to shocks from the outside that are beyond their control—are concerned about possible threats to their own macroeconomic stability.  Full Text
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To what extent are terrorism and development related? What are the relative weights of the economic, political, and social aspects of development? What is the development impact of different responses to terrorism?   More...

Development Impact of the War on Drugs
Summer 2008
The war on drugs has failed to achieve its objectives—and may cause more damage than the drugs themselves.  More...

Governance Matters VII : Aggregate and Individual Governance Indicators 1996-2007
June, 2008
A new working paper on Worldwide Governance Indicators (WGI) covering 212 countries and territories and measuring six dimensions of governance between 1996 and 2007 reflect the views on governance of public sector, private sector and NGO experts, as well as thousands of citizen and firm survey respondents worldwide. The authors also explicitly report the margins of error accompanying each country estimate. They find that even after taking margins of error into account, the WGI permit meaningful cross-country comparisons as well as monitoring progress over time. In less than a decade, a substantial number of countries exhibit statistically significant improvements in at least one dimension of governance, while other countries exhibit deterioration in some dimensions.
Policy Research Working Paper 4654
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The Empirics of Governance Seminar, May 2008