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Research

Innovative, independent, peer-reviewed. Explore the latest economic research and policy proposals from CGD’s global development experts.
CGD NOTES
It Is Time to Do Away with Special Economic Zones
Shahid Yusuf
April 06, 2023
WORKING PAPERS
Regulatory Arbitrage and Loan Location Decisions by Multinational Banks
Asli Demirguc-Kunt et al.
April 11, 2023
REPORTS
Handbook for Space Capability Development
Rose Croshier
March 29, 2023
WORKING PAPERS
The Politics of Transforming Education in Peru
Barbara Bruns et al.
April 11, 2023

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Research
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WORKING PAPERS
The Politics of Transforming Education in Peru: 2007-2020
Barbara Bruns et al.
April 11, 2023
This paper focuses on the content and implementation of reforms to raise teacher quality in Peru in the period 2007-2020 in the hope that other countries facing the same challenges can benefit from this experience. We conclude with reflections on how education policy and education politics have cont...
WORKING PAPERS
Regulatory Arbitrage and Loan Location Decisions by Multinational Banks
Asli Demirguc-Kunt et al.
April 11, 2023
This paper examines the impact of international differences in capital regulation on multinational banks’ loan origination location decisions. We find that greater borrower transparency to a local bank establishment makes loan location at this establishment more likely, and that regulatory arbitrage...
CGD NOTES
It Is Time to Do Away with Special Economic Zones
Shahid Yusuf
April 06, 2023
Countries continue to bet on Special Economic Zones to improve their industrial prospects, but why? SEZs are a handy and politically expedient instrument of regional and industrial policies, but too often, countries continue to establish zones even though they've ceased to deliver the outcomes they...
REPORTS
Handbook for Space Capability Development
Rose Croshier
March 29, 2023
The Handbook for Space Capability Development is an inclusive, pragmatic, and open-access resource focused on “foundational space capability” development. Its intended audience is the planner or planning team charged with drafting a national space strategy and building a national space program. Amon...
POLICY PAPERS
IMF Lending Under the Resilience and Sustainability Trust: An Initial Assessment
Sanjeev Gupta
and
Hannah Brown
March 28, 2023
This paper provides an early assessment of five initial programs supported by the IMF’s new facility supported by the Resilience and Sustainability Trust to address two long-term challenges, climate change and pandemic preparedness. We find that its operations can be strengthened to better achieve t...
CGD NOTES
How Can Education Systems Structure Virtual Communities of Practice for Teachers Most Effectively?
Guadalupe Bedoya et al.
March 22, 2023
Virtual communities of practice (VCoPs) can be a low-cost mode of delivering teacher continuous professional development, although there are currently no studies measuring their effectiveness in boosting student learning. Observational studies suggest that teachers report that VCoPs can be a useful ...
WORKING PAPERS
Psychometric Quality of Measures of Learning Outcomes in Low- and Middle-Income Countries
Masha Bertling et al.
March 21, 2023
We investigate the properties of measures of learning outcomes, as these are the tools commonly used to monitor the progress toward identifying the most effective interventions. We review test properties across 158 studies and conduct item-level psychometric analysis of a subset of these studies to ...

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