Luis Serven
Biographic Data
| ID | 1397168 |
|---|---|
| NAME | Luis Serven |
| GIVEN NAMES | Luis |
| FAMILY NAME | Serven |
| SIGNATURE | SERVEN L |
| AFFILIATIONS | World Bank |
| VERIFIED | No |
| TOTAL WORKS | 22 |
| TOTAL CITATIONS | 41 |
| WORKS AS AUTHOR | 21 |
| WORKS AS EDITOR | 1 |
| FIRST PUBLICATION YEAR | 1993 |
| LATEST PUBLICATION YEAR | 2022 |
| H-INDEX | 2 |
Growth, inequality and poverty
The consequences of poverty and inequality for growth have long preoccupied academics and policy-makers. This paper revisits the inequality-growth and poverty-growth links. Using a panel of 158 countries between 1960 and 2010, we find that the correlation of growth with poverty is consistently negative: A 10 p.p. decrease in the headcount poverty rate is associated with a subsequent increase in per capita GDP between 0.5 and 1.2% per year. In con…
Growth, Inequality, and Poverty
An extensive literature on poverty traps suggests that high levels of poverty deter growth. However, a seemingly basic implication of the underlying theoretical models, namely that countries suffering from higher levels of poverty should grow less rapidly, has remained untested. A parallel literature has suggested a variety of mechanisms through which inequality may affect growth in opposing directions. Because inequality and poverty are differen…
Assessing the degree of international consumption risk sharing
Openness, specialization, and the external vulnerability of developing countries
Fiscal Redistribution and Income Inequality in Latin America
Too Poor To Grow
Recent theoretical literature has suggested a variety of mechanisms through which poverty may deter growth and become self-perpetuating. A few papers have searched for empirical regularities consistent with those mechanisms such as aggregate non-convexities and convergence clubs. However, a seemingly basic implication of the theoretical models, namely that countries suffering from higher levels of poverty should grow less rapidly, has remained un…
Fiscal Redistribution And Income Inequality In Latin America
Income inequality in Latin America ranks among the highest in the world. It can be traced back to the unequal distribution of assets (especially land and education) in the region. But the extent to which asset inequality translates into income inequality depends on the redistributive capacity of the state. This paper documents the performance of Latin American fiscal systems from the perspective of income redistribution using newly-available info…
A Normal Relationship ? Poverty, Growth, And Inequality
Using a large cross-country income distribution dataset spanning close to 800 country-year observations from industrial and developing countries, the authors show that the size distribution of per capita income is well approximated empirically by a lognormal density. The 0 hypothesis that per capita income follows a lognormal distribution cannot be rejected-although the same hypothesis is unambiguously rejected when applied to per capita consumpt…
Poverty Reduction and Growth
No AccessWorld Bank Latin American and Caribbean Studies1 Feb 2013Poverty Reduction and GrowthVirtuous and Vicious CirclesAuthors/Editors: Guillermo E. Perry, J. Humberto Lopez, William F. Maloney, Omar Arias, Luis ServenGuillermo E. Perry, J. Humberto Lopez, William F. Maloney, Omar Arias, Luis Servenhttps://doi.org/10.1596/978-0-8213-6511-3SectionsAboutPDF (4.1 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinke…
Regulation and Macroeconomic Performance
"Regulation is purportedly enacted to serve specific social purposes. In reality, however, it follows a more complex political economy process, where legitimate social goals are mixed with the objectives of particular interest groups. Whatever its justification and objectives, regulation can have potentially significant macroeconomic consequences by helping or hampering the dynamics of economic restructuring and resource reallocation that underli…
Real-Exchange-Rate Uncertainty and Private Investment in LDCs
May 01 2003 Real-Exchange-Rate Uncertainty and Private Investment in LDCs Luis Servén Luis Servén Search for other works by this author on: This Site Google Scholar Author and Article Information Luis Servén Online ISSN: 1530-9142 Print ISSN: 0034-6535 © 2003 President and Fellows of Harvard College and the Massachusetts Institute of Technology2003 The Review of Economics and Statistics (2003) 85 (2): 492. https://doi.org/10.1162/0034653037652999…
Real-Exchange-Rate Uncertainty and Private Investment in LDCS
This paper examines empirically the link between real-exchange-rate uncertainty and private investment in developing countries, using a large cross-country time series data set. The paper builds a GARCH-based measure of real-exchange-rate volatility and finds that it has a strong negative effect on investment, after controlling for other standard investment determinants and taking into account their potential endogeneity. The effect of uncertaint…
La anatomía de una crisis múltiple
Guillermo Perry, Luis Serven, La anatomía de una crisis múltiple: qué tenía Argentina de especial y qué podemos aprender de ella, Desarrollo Económico, Vol. 42, No. 167 (Oct. - Dec., 2002), pp. 323-375
Pricing currency risk under currency boards
Verifying exchange rate regimes
Securing the future in a global economy
What Drives Private Saving Across the World
Saving rates display considerable variation across countries and over time. This paper investigates the factors behind these broad saving disparities using a large cross-country time-series data set constructed for the World Bank Saving project. The paper assesses empirically the policy and non-policy determinants of saving. It follows the empirical literature on saving by using an encompassing empirical approach including a number of potentially…
How Effective is Fiscal Policy in Raising National Saving
While fiscal adjustment is commonly viewed as the cornerstone of macroeconomic stabilization, the effectiveness of alternative fiscal instruments in raising national saving is still poorly understood. This paper enters the debate by estimating a private consumption function that allows for two types of agents—finite horizons and liquidity constraints—and nests three different consumption hypotheses. Using a large-panel data set that includes both…
Does income inequality raise aggregate saving
The Economics of Saving and Growth
Saving rates display great variation across countries and over time. They are also closely related to growth performance. This 1999 volume provides an account of key variables, institutions and policies that determine saving. Drawing from a systematic exploration of the existing literature, the collection summarizes knowledge about cross-country saving trends, the relation between saving and growth, the impact of financial policies and institutio…
Income Inequality and Aggregate Saving
No AccessPolicy Research Working Papers21 Jun 2013Income Inequality and Aggregate Saving: The Cross-Country EvidenceAuthors/Editors: Luis Servén, Klaus Schmidt-HebbelLuis Servén, Klaus Schmidt-Hebbelhttps://doi.org/10.1596/1813-9450-1561SectionsAboutPDF (1.8 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinked In Abstract:January 1996 No evidence is found to support the notion that income inequality affects aggreg…
Debt crisis, adjustment policies and capital formation in developing countries
Fiscal Redistribution and Income Inequality in Latin America
Openness, specialization, and the external vulnerability of developing countries
Pricing currency risk under currency boards
Does income inequality raise aggregate saving
Debt crisis, adjustment policies and capital formation in developing countries
Debt crisis, adjustment policies and capital formation in developing countries
The Economics of Saving and Growth
Saving rates display great variation across countries and over time. They are also closely related to growth performance. This 1999 volume provides an account of key variables, institutions and policies that determine saving. Drawing from a systematic exploration of the existing literature, the collection summarizes knowledge about cross-country saving trends, the relation between saving and growth, the impact of financial policies and institutio…
Income Inequality and Aggregate Saving
No AccessPolicy Research Working Papers21 Jun 2013Income Inequality and Aggregate Saving: The Cross-Country EvidenceAuthors/Editors: Luis Servén, Klaus Schmidt-HebbelLuis Servén, Klaus Schmidt-Hebbelhttps://doi.org/10.1596/1813-9450-1561SectionsAboutPDF (1.8 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinked In Abstract:January 1996 No evidence is found to support the notion that income inequality affects aggreg…
Securing the future in a global economy
What Drives Private Saving Across the World
Saving rates display considerable variation across countries and over time. This paper investigates the factors behind these broad saving disparities using a large cross-country time-series data set constructed for the World Bank Saving project. The paper assesses empirically the policy and non-policy determinants of saving. It follows the empirical literature on saving by using an encompassing empirical approach including a number of potentially…
How Effective is Fiscal Policy in Raising National Saving
While fiscal adjustment is commonly viewed as the cornerstone of macroeconomic stabilization, the effectiveness of alternative fiscal instruments in raising national saving is still poorly understood. This paper enters the debate by estimating a private consumption function that allows for two types of agents—finite horizons and liquidity constraints—and nests three different consumption hypotheses. Using a large-panel data set that includes both…
Does income inequality raise aggregate saving
Verifying exchange rate regimes
La anatomía de una crisis múltiple
Guillermo Perry, Luis Serven, La anatomía de una crisis múltiple: qué tenía Argentina de especial y qué podemos aprender de ella, Desarrollo Económico, Vol. 42, No. 167 (Oct. - Dec., 2002), pp. 323-375
Pricing currency risk under currency boards
Real-Exchange-Rate Uncertainty and Private Investment in LDCs
May 01 2003 Real-Exchange-Rate Uncertainty and Private Investment in LDCs Luis Servén Luis Servén Search for other works by this author on: This Site Google Scholar Author and Article Information Luis Servén Online ISSN: 1530-9142 Print ISSN: 0034-6535 © 2003 President and Fellows of Harvard College and the Massachusetts Institute of Technology2003 The Review of Economics and Statistics (2003) 85 (2): 492. https://doi.org/10.1162/0034653037652999…
Real-Exchange-Rate Uncertainty and Private Investment in LDCS
This paper examines empirically the link between real-exchange-rate uncertainty and private investment in developing countries, using a large cross-country time series data set. The paper builds a GARCH-based measure of real-exchange-rate volatility and finds that it has a strong negative effect on investment, after controlling for other standard investment determinants and taking into account their potential endogeneity. The effect of uncertaint…
Regulation and Macroeconomic Performance
"Regulation is purportedly enacted to serve specific social purposes. In reality, however, it follows a more complex political economy process, where legitimate social goals are mixed with the objectives of particular interest groups. Whatever its justification and objectives, regulation can have potentially significant macroeconomic consequences by helping or hampering the dynamics of economic restructuring and resource reallocation that underli…
A Normal Relationship ? Poverty, Growth, And Inequality
Using a large cross-country income distribution dataset spanning close to 800 country-year observations from industrial and developing countries, the authors show that the size distribution of per capita income is well approximated empirically by a lognormal density. The 0 hypothesis that per capita income follows a lognormal distribution cannot be rejected-although the same hypothesis is unambiguously rejected when applied to per capita consumpt…
Poverty Reduction and Growth
No AccessWorld Bank Latin American and Caribbean Studies1 Feb 2013Poverty Reduction and GrowthVirtuous and Vicious CirclesAuthors/Editors: Guillermo E. Perry, J. Humberto Lopez, William F. Maloney, Omar Arias, Luis ServenGuillermo E. Perry, J. Humberto Lopez, William F. Maloney, Omar Arias, Luis Servenhttps://doi.org/10.1596/978-0-8213-6511-3SectionsAboutPDF (4.1 MB) ToolsAdd to favoritesDownload CitationsTrack Citations ShareFacebookTwitterLinke…
Fiscal Redistribution And Income Inequality In Latin America
Income inequality in Latin America ranks among the highest in the world. It can be traced back to the unequal distribution of assets (especially land and education) in the region. But the extent to which asset inequality translates into income inequality depends on the redistributive capacity of the state. This paper documents the performance of Latin American fiscal systems from the perspective of income redistribution using newly-available info…
Too Poor To Grow
Recent theoretical literature has suggested a variety of mechanisms through which poverty may deter growth and become self-perpetuating. A few papers have searched for empirical regularities consistent with those mechanisms such as aggregate non-convexities and convergence clubs. However, a seemingly basic implication of the theoretical models, namely that countries suffering from higher levels of poverty should grow less rapidly, has remained un…
Fiscal Redistribution and Income Inequality in Latin America
Growth, Inequality, and Poverty
An extensive literature on poverty traps suggests that high levels of poverty deter growth. However, a seemingly basic implication of the underlying theoretical models, namely that countries suffering from higher levels of poverty should grow less rapidly, has remained untested. A parallel literature has suggested a variety of mechanisms through which inequality may affect growth in opposing directions. Because inequality and poverty are differen…
Assessing the degree of international consumption risk sharing
Openness, specialization, and the external vulnerability of developing countries
Growth, inequality and poverty
The consequences of poverty and inequality for growth have long preoccupied academics and policy-makers. This paper revisits the inequality-growth and poverty-growth links. Using a panel of 158 countries between 1960 and 2010, we find that the correlation of growth with poverty is consistently negative: A 10 p.p. decrease in the headcount poverty rate is associated with a subsequent increase in per capita GDP between 0.5 and 1.2% per year. In con…
Economics (17 works) · Monetary Policy and Economic Impact (10 works) · Econometrics (9 works) · Fiscal Policy and Economic Growth (9 works) · Income, Poverty, and Inequality (9 works) · Inequality (7 works) · Political science (7 works) · Development economics (6 works) · Economic growth (6 works) · Economic inequality (6 works)