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WORKING PAPERS
January 31, 2023
What is the response of bank foreign subsidiaries to climate policy in their host countries? We find that global banks with high environmental performance increase their presence in countries after local authorities strengthen their climate-related actions. Our findings show that strengthening clima...
WORKING PAPERS
October 27, 2022
There is considerable interest in increasing private participation in infrastructure to meet the twin goals of climate mitigation and development in low- and middle-income countries. At the same time, this infrastructure needs to make returns in order to be financially sustainable.
WORKING PAPERS
October 11, 2019
This paper illustrates the tradeoff between country ownership and funders’ priorities with a formal model in which aid is governed by a contract to produce a jointly desired outcome. The model generalizes the Principal-Agent approaches for studying aid which treat countries as having multiple ...
WORKING PAPERS
May 05, 2015
Governments, donors, and public sector agencies are seeking productive ways to ‘crowd in’ private sector involvement and capital to tackle international development challenges. The financial instruments that are used to create incentives for private sector involvement are typically those...
WORKING PAPERS
March 14, 2012
The authors find that the value of discovered reserves is high relative to the costs of exploration and that many countries can continue to generate resource rents far longer than indicated by current reserve estimates. In some cases, public measures to encourage private exploration may be justified...
WORKING PAPERS
June 09, 2011
Using a comprehensive data set of working conditions and wage compliance in Cambodia’s exporting garment factories, the authors explore the impact of foreign ownership on wages and working conditions, whether the relationship between wages and working conditions more closely resembles efficiency wa...
WORKING PAPERS
August 06, 2009
What happens when capital and sophisticated goods flow uphill, from poorer to richer countries? With a new dataset of foreign direct investment and a measure of the sophistication of exports, CGD senior fellow Arvind Subramanian and his co-author Aaditya Mattoo find that developing countries sending...
WORKING PAPERS
December 12, 2008
Senior fellow David Wheeler and Kevin Ummel argue for rapid, very large-scale deployment of existing solar thermal technology. Using maps of solar radiation and project finance calculations, they show that with modest subsidies solar power generated in North Africa and the Middle East could meet th...