War, Peace and Private Portfolios. by Collier, P, Gunning, J

The Impact of Liberalisation on Private Investment. by Collier, P, Gunning, J

Anatomy of a Temporary Trade Shock: The Kenyan Coffee Boom of 1976-9. by Bevan, D, Collier, P, Gunning, J

“…Using counterfactuals, we find that much of the windfall was saved, due to the private sector. However, the control regime constrained private responses, leading to an inefficient use of the windfall. …”

Flight Capital as a Portfolio Choice. by Collier, P, Hoeffler, A, Pattillo, C

“…Among 51 countries studied, there are large regional differences in the proportion of private wealth held abroad, ranging from 3 percent in South Asia to 39 percent in Africa. …”

Flight Capital As a Portfolio Choice. by Collier, P, Hoeffler, A, Pattillo, C

“…This article sets flight capital in the context of portfolio choice, focusing on the proportion of private wealth that is held abroad. There are large regional differences in this proportion, ranging from 5 percent in South Asia to 40 percent in Africa. …”

La politique economique face aux chocs externes dans les pays en developpement. by Bevan, D, Collier, P, Gunning, J

“…About half of the windfall was saved although this was due to a high private savings rate offset by low public savings. …”

Investment and risk in Africa

“…Fourteen papers test whether risk is a reason for the low-level of private investment in Africa and whether African governments and international institutions have the power to reduce those risks. …”

Rates of Return on Human and Non-Human Capital in Africa's Manufacturing Sector. by Bigsten, A, Collier, P, Dercon, S, Fafchamps, M, Gauthier, B, Gunning, J, Isaksson, A, Oduro, A, Oostendorp, R, Pattillo, C, Söderbom, M, Teal, F, Zeufack, A

“…Evidence from earnings functions shows that the private returns to both experience and education rise with the level of education. …”

Some economic consequences of the transition from civil war to peace. by Pradhan, S, Gunning, J, Dercon, S, Collier, P, Bevan, D, Jean-Paul, A

“…And speedy reform, far from increasing uncertainty, is likely to reduce it. After a civil war, private agents are fearful both of each other and of the government. …”

Asset Policies during an Oil Windfall: Some Simple Analytics. by Collier, P, Gunning, J

“…Also, even if politically feasible this strategy is inefficient due to the failure to expand the private capital stock ("equipment"). The policy problem is that the government cannot undertake such investment itself and trying to induce private agents to undertake equipment investment by transferring part of the windfall to them is likely to fail as a result of information problems. …”

Urban infrastructure for development by Collier, P, Venables, A

“…The paper discusses the importance of infrastructure investment in growing cities, arguing that, in addition to its direct benefits, infrastructure plays crucial roles in enabling density and coordinating private investment decisions. Many cities have failed to invest in sufficient infrastructure due to inadequate financing tools (in particular failure to capture benefits through land value taxation) and fragmented urban authority.…”

Building an African infrastructure by Collier, P

“…Globally, there is a massive pool of investable private resources. Prospects in the advanced economies look bleak, and in the major emerging economies—the so-called BRICs: Brazil, Russia, India, and China—the future is looking more uncertain. …”

The Role of the State in Economic Development: Cross-Regional Experiences. by Collier, P

“…I show that in both respects until recently African governments provided a poor environment, and that this discouraged private investment. Recently, in parts of Africa the objective investment environment has improved. …”

The IMF's Role in Structural Adjustment. by Collier, P, Gunning, J

“…An important role for the Fund in post-stabilisation environments is to provide credible signals to private investors.…”

Trade and economic performance: does Africa’s fragmentation matter? by Collier, P, Venables, T

“…We suggest that both private economic activity and the provision of public goods benefit from powerful scale economies that confer advantages on the South Asian model. …”

Fiscal Response to a Temporary Trade Shock: The Aftermath of the Kenyan Coffee Boom. by Bevan, D, Collier, P, Gunning, J

“…For example, foreign exchange controls make the private investment of boom income inefficient by causing it to be undertaken too rapidly. …”

Contractual Constraints on Labour Exchange in Rural Kenya. by Collier, P

“…Since independence, the Kenyan economy has witnessed extensive and rapid commercialization of both the commodity and labor markets (as well as the privatization of land). Although there has been much discussion of this process, its impact on the efficiency of resource allocation in peasant agriculture has hitherto been neglected. …”

Managing Resource Revenues: lessons for low income countries. by Collier, P, Venables, A

“…Foreign asset accumulation should be used primarily to smooth volatility, rather than to build up a long-term sovereign wealth fund. Trade-offs between private and public spending channels are examined from both an economic and political economy standpoint.…”

Managing resource revenues: lessons for low income countries by Collier, P, Venables, A

“…Foreign asset accumulation should be used primarily to smooth volatility, rather than to build up a long-term sovereign wealth fund. Trade-offs between private and public spending channels are examined from both an economic and political economy standpoint.…”

Implications of Ethnic Diversity. by Collier, P

“…Fractionalized societies have worse public sector performance, but this is offset by better private sector performance. Societies characterized by dominance are in principle likely to have worse economic performance, but empirically the effect is weak. …”