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activities Africa agricultural allocation analysis asymmetric information Bank Annual Conference Barro carbon carbon tax Chile China climate change competition Conference on Development constraints consumers consumption costs credit programs decline developing countries Development Economics Development Economics 1993 directed credit economic growth effect electricity emissions energy efficiency energy intensity estimated example expropriation factors financial markets firms former U.S.S.R. global government intervention greenhouse growth rate higher impact important improve incentives income increase industrial countries inflation infrastructure institutional endowment interest rates investment investors issues Jamaica loans macroeconomic market failures ment monitoring monopoly Mozambique nomic Nordhaus output paper percent Philippines planned economies political potential problems production profits public enterprise reduce reform regress regulation regulatory system scenario Schipper sector Stiglitz structure Sub-Saharan Sub-Saharan Africa technologies telecommunications tion trade under-five mortality United Kingdom utilities variable World Bank World Bank Annual