2007
DOI: 10.1111/j.1468-0270.2007.00725.x
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Markets, Institutions and Millennium Development Goals

Abstract: The Millennium Development Goals (MDGs) may have noble objectives but there are concerns that the associated transfer of resources from wealthy to poor countries could be counter-productive in terms of long-term economic performance. Reforming the institutions of governance and removing barriers that hinder the efficient functioning of markets are the most effective ways for poor countries to achieve MDGs. Poor countries can also improve living standards by relying on market forces rather than monopolistic pub… Show more

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Cited by 3 publications
(3 citation statements)
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References 6 publications
(4 reference statements)
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“…With evident abuse of office via corruption, public officers tend to accumulate political capital, rather than socially productive ones, thereby eroding the benefits and potency of poverty reduction strategies. Result is similar to conclusions by Mauro (1998), Fosu, Bates andHoeffler, (2006), Kimenyi (2007) and Ogbeide and Mustapha, (2013). The coefficient of exchange rate (EXR) was found to be negative since the Naira's depreciation discourages imports, but encourages local production, thus can potentially reduce unemployment.…”
Section: Discussion Of Empirical Resultssupporting
confidence: 91%
“…With evident abuse of office via corruption, public officers tend to accumulate political capital, rather than socially productive ones, thereby eroding the benefits and potency of poverty reduction strategies. Result is similar to conclusions by Mauro (1998), Fosu, Bates andHoeffler, (2006), Kimenyi (2007) and Ogbeide and Mustapha, (2013). The coefficient of exchange rate (EXR) was found to be negative since the Naira's depreciation discourages imports, but encourages local production, thus can potentially reduce unemployment.…”
Section: Discussion Of Empirical Resultssupporting
confidence: 91%
“…Poor countries are most at risk during and after the pandemic due to a devastating economic and social crisis in the months and years to come. It is estimated that 55% of the world's population suffers from basic food and nutrition insecurity [97,98]. COVID-19 has deepened existing inequalities, severely affecting the poorest and most vulnerable communities, where the number of people fleeing war, persecution, and conflict exceeded 70 million in this period, the highest level in nearly 70 years [97].…”
Section: Discussion and Proposalsmentioning
confidence: 99%
“…However, past research shows that spatial correlation should be considered when analyzing the impacts of public policy (Lacombe, 2004;Hall and Ross, 2010;Sobel et al, 2010;Leeson et al, 2012). When the spatial correlation parameters are not zero, then the standard estimation methods such as the least-squares method yield 1 For more on the Millennium Development Goals, see Kimenyi (2007).…”
Section: Introductionmentioning
confidence: 99%