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Friday Roundup: Tapering, Agricultural Productivity, Climate Change, and Inheritance Reform

LTD Editors's picture

Kaushik Basu, Barry Eichengreen, and Poonam Gupta have written a new column titled “From tapering to tightening: The impact of the Fed’s exit on India,” which describes the impact of the US Fed’s tapering on India.
 
A new paper by Gbemisola Oseni, Kevin McGee, and Andrew Dabalen examines the determinants of agricultural productivity and its link to poverty using nationally representative data from the Nigeria General Household Survey Panel, 2010/11.  

Malaria, Ebola, and Saving Lives

Quentin Wodon's picture

Last week, Mali announced a national strategic plan to scale up Community Health Workers in every region of the country. This initiative has the potential to save tens of thousands of lives, including significantly reducing the risk of an Ebola epidemic.
 
How was this achieved? Roll back a few years and meet Djeneba, a young girl living in Yirimadjo. Today she goes to school but her life was once threatened. Djeneba started getting high fevers but her parents did not have enough money to pay for care. They tried to break the fever by bathing her in herbal remedies and buying unregulated pharmaceuticals but the fevers persisted and became increasingly severe.

Sustainable poverty reduction and green growth

Ulf Narloch's picture

Ending poverty and achieving shared prosperity will require more than economic growth. It will require pro-poor policies to be sustainable.
 
The recently released Global Monitoring Report 2014/2015 focuses on the importance of sustainability as a means to enable countries to reach out to their poorest people over the medium term (to 2030) and long term (beyond 2030). 

Controlling Global Climate Change

Michael Toman's picture

The recently released fifth report of the Intergovernmental Panel on Climate Change (IPCC) makes abundantly clear that human-induced climate change is taking place, and that unchecked climate change poses a serious threat to economic development and human well-being.  Even leaving aside the problem of increased risk of low-probability but catastrophic events, climate change threatens people and places through damages to unique and important ecosystems, increases in severe weather events, reductions in productivity, and needs for increased expenditures to counter the threats such as greater costs to build and maintain infrastructure.  For a number of reasons, the poor are likely to be disproportionately affected by these threats.

Does More Income Mobility = Higher Social Welfare?

William Maloney's picture
 Curt Carnemark / World BankIncome mobility is usually considered a good thing. It implies higher social welfare as the ability of individuals to move up and down the income ladder mitigates the impacts of poor income distribution. But it is also true that when income jumps up and down unexpectedly, life becomes riskier and planning, difficult. This is why making a general link between the mobility we observe in the data and welfare is not straightforward.


A common approach used to show high mobility is a low correlation of present and past incomes is captured, for instance, by the Hart index (cov lnyt, lnyt-1). If we assume, as is often done, that an individual’s income is comprised of a transitory component (short-term blips up or down in a self-employed person’s income that we can smooth, or even measurement error), and a permanent component where each income shock is persistent (say, an income loss after an involuntary job change (an AR (1) process with autoregressive coefficient, ρ), then the Hart index can be broken into three parts.

Evening It Up: A New Oxfam Report on Inequality

Dean Mitchell Jolliffe's picture

In Even it Up: Time to End Extreme Inequality, Oxfam has delivered another powerful report making the case that tackling inequality is essential to create a more just world and to eliminate extreme poverty. I was asked to comment on this newly released report at an October 31 event held at the IMF, and was as impressed by the presentation as I was with the report.

Oxfam effectively uses research findings to advocate for policy changes to reduce global inequality. This statistics-laden report also wisely features compelling stories about real people, helping the reader to better understand how vast disparities in wealth adversely affect wellbeing. Oxfam has consistently argued to bring inequality to the fore of policy discussions, and not surprisingly, this report appears to have created a groundswell for their global #Even It Up campaign. While there were instances where I found myself questioning the quality of some references supporting a few statements and estimates, my overall reaction was that the ‘big picture’ claims of the report were well substantiated. In my comments, I suggest that if this report is a call to action, a useful next step for Oxfam or a partner in this work, will be to bring more clarity to what it means to eliminate extreme inequality. Establishing a goal or a measure to monitor progress will help to create better policies, and ensure better collaboration across governments and institutions.

Issues with Power Supply, Access to Finance, and Corruption are hindering firms in DRC

Silvia Muzi's picture

The goal of the Enterprise Surveys (ES) is to portray the quality of the business environment in the economy by asking a set of questions that capture both the experiences and perceptions of firms. Little is known about what businesses experience in emerging and developing economies and the Enterprise Surveys intend to some extent alleviate this knowledge gap. Below we provide highlights of the recently released data for the Democratic Republic of Congo

Friday Roundup: Ebola, Malaria and Cellphones, Jean Tirole, Report on the Data Revolution, and Deworming

LTD Editors's picture

The World Health Organization (WHO) said today that it was sending more experts to help Mali fight Ebola, a day after the first case of the disease was confirmed there.  Read more.

Martin Edlund, CEO of Malaria No More, writes in Devex.com about the big role cell phones can play in eliminating malaria, refering to it as a 'Swiss Army knife' for the disease.

A Bitter Side to Andhra Pradesh's Ex-Post Sugarcane Permit System

Richard J. Sexton's picture

India is the World’s second largest producer of sugarcane (after Brazil). Approximately 45 million Indian farmers are involved in cane production, and cane processing is the second largest agro-processing sector in the Country. In her dissertation research on this industry (supervised by Goodhue and Sexton) Sandhya Patlolla encountered an unusual marketing practice that is unique to the Andhra Pradesh (AP) State. Private sugar processors issue ‘permits’ to selected cane growers a few weeks before harvest. These permits allow growers to deliver a specified amount of cane during a specified period of time. Farmers without a permit must sell their cane at a reduced price for manufacture into gur, a traditional Indian sweetener. The price difference averaged 43% over the six years of data acquired for our study. We wondered why sugar processors in AP would create uncertainty among farmers by using ex post permits instead of offering ex ante production contracts?

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