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Public-Private Partnerships in Brownfields Redevelopment: Chicago, Illinois and Vienna, Austria

The paper aims to examine how public-private partnerships (PPPs) function in brownfields redevelopment. The paper outlines how PPPs in brownfields redevelopment work at the local government level. The cities examined include Chicago, Illinois in the United States, and Vienna, Austria.

Public-Private Partnerships in Brownfields Redevelopment: Chicago, Illinois and Vienna, Austria

The paper aims to examine how public-private partnerships (PPPs) function in brownfields redevelopment. The paper outlines how PPPs in brownfields redevelopment work at the local government level. The cities examined include Chicago, Illinois in the United States, and Vienna, Austria.

Governance and Economic Growth

Recent empirical evidence suggests that protection of property rights leads to higher investment levels and faster growth, according to the author. The paper endogenizes the emergence of property rights within a simple growth framework. Drawing on North (1990), a model is presented where economic performance and enforcement of property
rights may reinforce each other. Initial conditions determine the economy’s convergence to a high-income or a low-income steady state.

Small and Medium Enterprises across the Globe: A New Database

The paper describes a new cross-country database on the importance of small and medium enterprises (SMEs). This database is unique in that it presents consistent and comparable information on the contribution of the SME sector to total employment and GDP across different countries. The paper also describes the sources and the construction of the different indicators, presents descriptive statistics, and explores correlations with other socioeconomic variables.

Strategic Approaches to Science and Technology in Development

The authors examine the ways in which science and technology (S&T) support poverty alleviation and economic development and how these themes have been given emphasis or short shrift in various areas of the World Banks work. The paper presents policy options for enhancing the effectiveness of S&T systems in developing countries, reviews the previous experience of the World Bank and other donors in supporting S&T, and
suggests changes that the World Bank and its partners can adopt to increase the impact of the work currently undertaken in S&T.

Investment Climate and the Firm: Firm-Level Evidence from China

The paper addresses the general lack of appropriate data for measuring the investment climate and its effects. The authors use a new survey of 1,500 Chinese enterprises in five cities to more precisely define and measure components of the investment climate, highlight the importance of firm-level data for rigorous analysis of the investment climate, and investigate empirically the effects of this comprehensive set of measures on firm performance in China.