Tags → private


Private, Public and Foreign Savings
May 15, 2007 09:53

This paper presents theoretical explanations for the fact that domestic savings and investments in industrialised countries are not perfectly integrated.

The Role of the Public and Private Sector in Air Transport Infrastructure
May 15, 2007 09:53

The current presentation was made by a Department Manager on Infrastructure, Economy and Finance of the World Bank

Spotlight on south-eastern Europe
May 15, 2007 09:54

South-eastern Europe (SEE) is today a region of opportunity and potential, but obstacles to private sector development such as a weak investment climate, lack of access to finance and insufficient investment and trade opportunities must be overcome to ensure the region's long-term prosperity.

Filling the gap in urban transport: Private sector participation in transition countries
May 15, 2007 09:54

This paper reviews private sector participation (PSP) in urban transport in central and eastern Europe and the Commonwealth of Independent States. It documents how the private sector is helping to address service gaps in poorer countries and identifies a strong negative relationship between GDP per capita and the degree of PSP. It also shows that decisions to involve the private sector in public services are driven by resource constraints and the general reform process.

Bridging the gaps? Private sector development, capital flows and the investment climate in south-eastern Europe
May 15, 2007 09:54

This paper provides an overview of private sector activity and investment in south-eastern Europe (SEE). The importance of the private sector is growing in all countries of the region. The private sector is dominated by small and medium-sized enterprises (SMEs) and much economic activity takes place in the untaxed informal sector. Lack of finance is a key constraint for enterprises. Foreign inflows, therefore, play a crucial role in providing a source of finance for new investment.

What should the multilateral development banks do?
May 16, 2007 14:41

This paper assesses the role of multilateral development banks (MDBs) in fostering development or transition through the institutional mechanisms that the MDBs possess for the selection, monitoring and enforcement of loans and other financing agreements and through the use of subsidies that they receive from their shareholders and other sources. We conclude that a useful direction for MDB reform is to exploit more effectively the potential complementarities between the public and private sector financing operations.

Financial structures to promote private sector development in south-eastern Europe
May 16, 2007 14:41

This paper investigates the extent to which the financial sector in south-eastern Europe (SEE) responds to the needs of the local private sector. It does so through an analysis of the sources of finance used by enterprises when making fixed investments, and by looking at the level of banking intermediation and the (lack of) development of the non-banking financial sector. Enterprises in SEE are found to rely mainly on internal funds to finance expansion.

Entrepreneurs and the ordering of institutional reform: Poland, Romania, Russia, the Slovak Republic and Ukraine compared
November 23, 2007 11:55

We use survey data to examine new firms in Poland, Romania, Russia, the Slovak Republic and Ukraine. By measures of job growth, security of property and market development, our countries fall into two groups: an advanced group of Poland, Romania and the Slovak Republic, with the Slovak Republic falling somewhat behind the other two; and a backward group of Russia and Ukraine. Macroeconomic stability is not sufficient for private sector growth. A lack of bank finance does not seem to prevent private sector growth. More inhibiting than inadequate finance are insecure property rights.

Foreign bank participation and crises in developing countries
November 23, 2007 13:10

This paper describes the recent trends in foreign bank ownership in developing countries, summarizes the existing evidence on the causes and implications of foreign bank presence, and reexamines the link between banking crises and foreign bank participation.

Real exchange rate uncertainty and private investment in developing countries
December 3, 2007 17:35

The author examines empirically the link between real exchange rate uncertainty and private investment in developing countries using a large cross country-time series data set. He builds a GARCH-based measure of real exchange rate volatility and finds that it has a strong negative impact on investment, after controlling for other standard investment determinants and taking into account their potential endogeneity.

What factors appear to drive private capital flows to developing countries? and how does official lending respond?
January 2, 2008 15:49

The authors study what drives private capital flows to developing countries, as well as the apparent response of official lending for the years 1978-97.

Public Private Partnership
January 18, 2008 16:38

This paper aims at providing readers with some background information with regard to types and determinants of PPP, as well as lessons that can be drawn from United Kingdom, Central and Eastern Europe and the Russian experience.