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Small States, Small Problems? 1960-1995

World, 1960 - 1995
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Reference ID
WLD_1995_SSSP_v01_M
DOI
https://doi.org/10.48529/6e8r-5796
Producer(s)
William Easterly and Aart Kraay
Collection(s)
Development Research Microdata
Metadata
Documentation in PDF DDI/XML JSON
Study website
Created on
Apr 11, 2011
Last modified
Aug 26, 2021
Page views
12178
Downloads
3274

Identification

Survey ID Number
WLD_1995_SSSP_v01_M
Title
Small States, Small Problems? 1960-1995
Country/Economy
Name Country code
World WLD
Abstract
Small states have attracted a large amount of research. In this paper we test whether small states are any different from other states in terms of their income, growth, and volatility outcomes. We find that, controlling for location, small states have higher per capita GDP than other states. This income advantage is largely due to a productivity advantage, constituting evidence against the idea that small states suffer from an inability to exploit increasing returns to scale. Small states also do not have different per capita growth rates than other states. Small states do have greater volatility of annual growth rates, which is in part due to their greater volatility of terms of trade shocks. This terms of trade-based volatility is in turn due to small states’ greater openness. However, their greater openness on balance has a positive net payoff for growth. The one differential policy measure that might be relevant for small states is to further open up to international capital markets in order to better diversify risk, but the benefits of even that are still unresolved in the literature. We conclude that small states are no different from large states, and so should receive the same policy advice that large states do.

Version

Version Description
Dataset used for Easterly, William and Aart Kraay (1999). "Small States, Small Problems?". World Bank Policy Research Department Working Paper No. 2139
Version Date
1999

Coverage

Geographic Coverage
The database contains data on 176 countries from all regions in the world.

Producers and sponsors

Primary investigators
Name
William Easterly and Aart Kraay

Data Collection

Dates of Data Collection
Start End
1960 1995
Data Collection Mode
Face-to-face [f2f]

Access policy

Citation requirements
Use of the dataset must be acknowledged using a citation which would include:
- the Identification of the Primary Investigator
- the title of the survey (including acronym and year of implementation)
- the survey reference number
- the source and date of download

Example:

William Easterly and Aart Kraay. Small States, Small Problems? (SSSP) 1960-1995. Ref. WLD_1995_SSSP_v01_M. Dataset downloaded from www.microdata.worldbank.org on [date]
Disclaimer
The user of the data acknowledges that the original collector of the data, the authorized distributor of the data, and the relevant funding agency bear no responsibility for use of the data or for interpretations or inferences based upon such uses.

Metadata production

DDI Document ID
DDI_WLD_1995_SSSP_v01_M
Date of Metadata Production
2010-10-24
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