Suchergebnisse

SUMMARYEffective economic governance is a key condition for economic growth and development, and donor support to developing countries has increasingly been focused on regulatory reforms that are intended to enable markets to function more efficiently thereby providing a stable and supportive environment for investment, private sector development, and market‐led economic growth. This article reviews the empirical evidence on the impact of regulatory reform in developing countries. The evidence is broadly consistent with a priori expectations, showing a positive relationship between regulatory reform and improved economic performance. However, various methodological and data problems weaken the robustness of these findings and point to the need to broaden the range of designs and methods for evaluating the results of donor‐supported regulatory reforms in developing countries. © 2014 The Authors. Public Administration and Development published by John Wiley & Sons, Ltd.

This paper assesses the impact of environmental regulation in host countries on Japanese foreign direct investment decision-making. It tests the pollution haven hypothesis using data on national environmental regulation standards and Japanese inward FDI in five dirty industries. The results do not support the pollution haven haven hypothesis. On the contrary, inward Japanese FDI appears to be attracted to countries which have committe themselves to a tranparent and stable environmental regulatory environment, suggesting that the quality of the regulatory framework in terms of its certainty and transparency has a greater influence on foreign investors' choice of location than the level of eht environmental regulation measures.

The frequent failure of financial liberalisation efforts in
developing countries, and the serious damage which recent financial
crises have imposed on these economies, have led to renewed attempts to
understand the relationships between financial sector development,
economic growth and poverty reduction, and to provide a more robust
intellectual foundation on which to design efficient and pro-poor
financial sector policies for developing countries. The paper examines
the contribution that financial sector development can make to poverty
reduction in developing countries. The linkages between financial and
economic growth, and between economic growth and poverty reduction, are
considered, and some preliminary empirical evidence is presented on
these linkages. The paper goes on to argue that financial market
imperfections are a key constraint on pro-poor growth, and that public
policy directed at the correction of these financial market failures is
needed to ensure that financial development contributes effectively to
growth and poverty reduction. The final part of the paper examines in
some detail the role of financial regulation and supervision policy as a
key area for public intervention directed at enhancing the financial
sector's contribution to poverty reduction.

AbstractThe economic challenges facing Kosovo in 2008 are considerable. Economic growth has been below the rate achieved in neighbouring countries and more than one‐third of the work force is unemployed. The paper applies a 'diagnostics' analytical framework to identify the most binding constraints on economic growth and job creation. The binding constraints to growth are found to be the costs and access to finance, poor provision of public goods and weaknesses in the rule of law. The analysis also suggests that policy options for job creation must focus on increasing both economic growth and the employment intensity of growth. Copyright © 2009 John Wiley & Sons, Ltd.