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Abstract The article discusses two theoretical methods of measuring road use costs and designing a system of road user charges. The first states that road damage externalities are zero and road damage costs are equal to the traffic-related fraction of maintenance expenditure. The second states...
Article PDF first page preview Close This content is only available as a PDF. © 1988 The International Bank for Reconstruction and Development/The World Bank
Abstract This article describes early models of indexing as well as more recent models that call for less indexing of wages to prices in order to improve price and output stability. Policymakers may face a tradeoff: although increasing indexation may lead to macro-economic instability, reducing...
Abstract The article examines the widespread belief that indigenous entrepreneurship is less well represented in African countries than in other parts of the developing world. The evidence shows no dearth of ability among Africans to identify business opportunities and to act upon them—the two...
Abstract Economic growth and the distribution of its benefits depend on how well the labor market mobilizes human resources in new activities, locations, and skills. This article surveys the literature on the functioning of labor markets in developing countries. It shows that broad analyses of...
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