Syndicate content

June 2006

Call for Papers: Poverty and Capital Conference

Ignacio Hernandez's picture


The ESRC Global Poverty Research Group (GPRG) is a multi-disciplinary collaboration between social scientists at the Institute for Development Policy and Management (IDPM) at the University of Manchester and economists at the Centre for the Study of African Economies at the University of Oxford. Manchester University has now consolidated its position as a leading institution for the interdisciplinary study of poverty through the establishment of the Brooks World Poverty Institute (BWPI).


Russia: How to Sustain Growth in a Resource Based Economy?

Ignacio Hernandez's picture

Using the Russian case as an example, this OECD paper by Rudiger Ahrend looks at concepts such as the "Dutch Disease" or rich natural resource endowments "curses", and argues that the right economic policies can overcome or mitigate institutional pathologies traditionally associated with abundance of natural resources.


Read the full paper


Fridays Academy: Fiscal policy: Public Expenditure and Finance

Ignacio Hernandez's picture

From Raj Nallari and Breda Griffith's lecture notes.


Public expenditure

Public expenditure is a measure of the value of goods and services bought by the State. Public expenditure is capable of playing four main roles: it contributes to current effective demand; it can be used for stabilization purposes; it increases the public endowment of goods and can be used for redistributive purposes; and it can give rise to positive externalities to the economy and society, especially through its capital component.

World Bank launches the Africa Catalytic Growth Fund

Ignacio Hernandez's picture

The World Bank launched recently the Africa Catalytic Growth Fund (ACGF). Its goals:


To provide rapid, targeted support to countries with credible programs to accelerate growth, poverty reduction, and attainment of the Millennium Development Goals (MDGs).


The fund is designed to complement efforts by African leaders and Africa’s international partners to respond to the diversity of experience across the continent, using an innovative approach.


Decentralization and economic growth

Raj Nallari's picture

The essential logic is that devolution of political and administrative power as well as fiscal resources to lower levels of governments (state or provincial governments, municipalities and village administrations) would lead to improved economic efficiency in provision of public services to local residents and this in turn contributes positively to economic growth at the local and national levels (so-called Oates’ Decentralization Theory).  For example, if a certain city does not provide essential services then residents are likely to move to other cities (i.e.

Poverty Reduction in the Middle East and North Africa

Ignacio Hernandez's picture

The World Bank has recently published the report Sustaining Gains in Poverty Reduction and Human Development in the Middle East and North Africa. The report states that there has been little progress in poverty reduction in the MENA region since the mid 1980s. The slow growth can be at the origin of this lack of progress in poverty reduction.


In an interview, Farrukh Iqbal, Lead Economist and author of the report, talks about the relationship between growth and poverty in the region: