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Stock market development and financial intermediaries : stylized facts
Policy Research Working Papers, World Bank, 1995The three most developed stock markets are in Japan, the United Kingdom, and the United States, and the most underdeveloped markets are in Colombia, Nigeria, Venezuela, and Zimbabwe.DocumentStock market development and firm financing choices
Policy Research Working Papers, World Bank, 1995Are banks and stock markets complements or substitutes?DocumentEnvironmental regulation and development : a cross - country empirical analysis
New Ideas in Pollution Regulation, World Bank, 1995Paper develops comparative indices of environmental policy and performance for thirty-one countries, using a quantified analysis of reports prepared for the United Nations Conference on Environment and Development (UNCED).DocumentEnvironmental inspections and emissions of the pulp and paper industry : the case of Quebec
Policy Research Working Papers, World Bank, 1995Both inspections and the threat of inspections reduce pollution emissions. Moreover, inspections induce plants to report their emissions levels more frequently to regulators.Since the early 1970s, industrial countries have enacted (or amended) many environmental laws and regulations to control and improve air and water quality.DocumentTrade reform design as a signal to foreign investors : lessons for economies in transition
Policy Research Working Papers, World Bank, 1995The design of trade policy reform can encourage or discourage foreign direct investment by revealing the government's commitment to protect the interests of foreign investors. The optimal policy is analyzed under four scenarios.DocumentEducational attainment in developing countries : new estimates and projections disaggregated by gender
Policy Research Working Papers, World Bank, 1995Expectations are that educational attainment will grow most in the Middle East and North Africa and least in Sub Saharan Africa. It should improve greatly in South Asia, where the level of attainment is lowest. The gender gap in education may have risen in the past decade.DocumentEstimating the world at work
Policy Research Working Papers, World Bank, 1995What is the work status of the world's working age population?DocumentDecomposing Social Indicators Using Distributional Data
Policy Research Working Papers, World Bank, 1999Crosscountry comparisons suggest that poor people tend to be in worse health than others and that their health responds more to differences in public health spending.Are the poor less healthy?DocumentSaving in transition economies : the summary report
Policy Research Working Papers, World Bank, 1995Savings in transition economies have declined since independence, but something else has happened, too: Financial assets have shifted from bank deposits to alternative financial instruments, including foreign currency, "trust company" shares, and private loans.DocumentThe cross - section of stock returns : evidence from the emerging markets
Policy Research Working Papers, World Bank, 1995Several factors besides market risk --- including firm size, earnings price ratio, and turnover --- are significant in explaining a cross-section of stock returns in 19 emerging markets. The signs for some factors are contrary to those documented in U.S. and Japanese markets.Cross-sectional tests of asset returns have a long tradition in finance.Pages
