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  • image/svg+xml art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos Open Access logo, converted into svg, designed by PLoS. This version with transparent background. http://commons.wikimedia.org/wiki/File:Open_Access_logo_PLoS_white.svg art designer at PLoS, modified by Wikipedia users Nina, Beao, JakobVoss, and AnonMoos http://www.plos.org/
    Authors: World Bank Group;

    After a strong rebound in 2010, Philippine economic growth slowed by more than half to 3.6 percent in the first three quarters of 2011. Slower third quarter (Q3) growth of 3.2 percent was the result of significant contractions in exports and public investment. The contraction in exports largely reflected weaker demand in advanced economies while public investments continued to shrink in part because of measures to improve accountability of public spending. On the production side, industrial and agricultural activities were sluggish, leaving the services sector to buoy growth. To improve growth outcome in the remainder of the year, the government announced a PHP 72 billion (about 0.7 percent of GDP) disbursement acceleration plan to ensure that budgeted items are spent by year end. After a strong rebound in 2010, Philippine economic growth slowed by more than half to 3.6 percent in the first three quarters of 2011, bringing year to date growth below the government's revised target of 4.5 to 5.5 percent for 2011. Q3 growth of 3.2 percent was driven by private consumption and inventory build-up, which grew by 7.1 and 147.7 percent respectively. The country's slower expansion places it behind its neighbors with Indonesia, Vietnam, and Singapore growing above 6 percent, Malaysia at 5.8 percent, and Thailand, which was devastated by massive flooding in recent months, at 3.5 percent.

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    Open Knowledge Repository
    Report . 2011
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      Open Knowledge Repository
      Report . 2011
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    Authors: Bripi, Francesco;

    This paper studies the effects of differences in local administrative burdens in Italy in the years 2005–2007 preceding a major reform that sped up firm registration procedures. Combining regulatory data from a survey on Italian provinces before the reform (costs and time to start a business) with industry-level entry rates of limited liability firms, it explores the effects of regulatory barriers on the average of the annual entry rates across industries with different natural propensities to enter the market. The estimates of the cross-sectional analysis show that lengthier and, to some extent, more costly procedures reduced entry in sectors with naturally high entry. A one-day delay in registration procedures reduces the entry rate in highly dynamic sectors by more than 1 percent. These results hold when I include measures of local financial development and of efficiency of bankruptcy procedures are included.

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    Open Knowledge Repository
    Research . 2016
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      Research . 2016
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    Authors: Ndiaye, Mansour;

    Following several years of disappointing economic performance, Senegal has made an important turnaround, with real Gross Domestic Product (GDP) growth averaging over 5 percent annually during 1995-2005. This paper shows that macroeconomic and structural reforms are key factors explaining this recovery. Drivers of sound economic policy decisions in Senegal have included enhanced democratic processes, political commitment to the West African Economic and Monetary Union (WAEMU), and donor community conditionalities.

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    Open Knowledge Repository
    Research . 2008
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      Research . 2008
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    Authors: Croppenstedt, Andre; Goldstein, Markus; Rosas, Nina;

    Women make essential contributions to agriculture in developing countries, where they constitute approximately 43 percent of the agricultural labor force. However, female farmers typically have lower output per unit of land and are much less likely to be active in commercial farming than their male counterparts. These gender differences in land productivity and participation between male and female farmers are due to gender differences in access to inputs, resources, and services. In this paper, the authors review the evidence on productivity differences and access to resources. The authors discuss some of the reasons for these differences, such as differences in property rights, education, control over resources (e.g., land), access to inputs and services (e.g., fertilizer, extension, and credit), and social norms. Although women are less active in commercial farming and are largely excluded from contract farming, they often provide the bulk of wage labor in the nontraditional export sector. In general, gender gaps do not appear to fall systematically with growth, and they appear to rise with Gross domestic product (GDP) per capita and with greater access to resources and inputs. Active policies that support women’s access and participation, not just greater overall access, are essential if these gaps are to be closed. The gains in terms of greater productivity of land and overall production are likely to be large. This paper is organized as follows. Section 2 provides an overview of the differences in male and female productivity within predominantly food crops. Section 3 discusses the major elements needed for production, documents the male–female gap, and explores the existing evidence on why these gaps exist. Section 4 concludes.

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    The World Bank Research Observer
    Article . 2013 . Peer-reviewed
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    Authors: World Bank Group;

    Legislation based on international standards and harmonized between trade partners facilitates trade and enables products from developing countries to be competitive in the international market. Countries looking to export to the EU should aim to harmonize legislation with EU rules. If exporting to EU markets is not a priority, countries should follow requirements of the WTO SPS agreement and thus ensure that their products can access markets of all WTO member states. Both the EU and WTO legislative models for food safety require a risk-based approach to food safety controls, prioritizing funds and activity on the most risky areas. Reforms in this area should be primarily focused on ensuring food safety, although ensuring that consumers are receiving the quality of food that they expect is also a consideration. When planning legislative reform, the burden on business should be carefully considered, and consultation with the business community is strongly recommended to obtain a good understanding of the business perspective. Public awareness on the need for reforms can be important and it is essential to outline the benefits of improved food safety legislation to consumers and their representative bodies as they can help to support reforms and sustain their results.

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    Open Knowledge Repository
    Research . 2014
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      Open Knowledge Repository
      Research . 2014
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    Authors: World Bank;

    Laguna del Sauce is a water supply reservoir located in the Department of Maldonado (Uruguay), approximately 15 kilometers west of Punta del Este and 100 kilometers east of Montevideo. This case study assessed ongoing initiatives to address surface water pollution issues in Uruguay, working in partnership with a team of government agencies charged with water resource management. This assessment will contribute to better understanding of options for water-quality remote sensing capabilities and needs. It will also assist the government of Uruguay in identifying appropriate remote sensing tools and devising an application strategy to provide information needed to support decision making regarding the targeting and monitoring of nutrient pollution prevention and mitigation measures.

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    Open Knowledge Repository
    Report . 2020
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      Open Knowledge Repository
      Report . 2020
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    Authors: World Bank;

    The diagnosis of Gabon's trade potential and the lessons from international experience suggest that, in the long run, the best way to foster export diversification may not be to try to achieve it immediately through providing inefficient incentives but rather to first build domestic capabilities, step by step. To do so, a comprehensive approach that prioritizes and sequences actions needs to be implemented. Key recommendations of this report are to (1) strengthen the regulatory and institutional framework for export promotion, (2) improve the equality of human capital, (3) build a fair and transparent business environment, and (4) upgrade the quality, and reduce the cost, of infrastructure services.

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    Open Knowledge Repository
    Report . 2014
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      Report . 2014
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    Authors: Cubbage, Frederick W.; Davis, Robert R.; Rodriguez Paredes, Diana; Mollenhauer, Ramon; +6 Authors

    Community-based forest management, such as Community Forest Enterprises (CFEs), has the potential to generate positive socioenvironmental and economic outcomes. We performed a detailed survey of financial and production parameters for 30 of the approximately 992 CFEs in Mexico in order to estimate costs, income, profits, and sustainability of harvest levels for forest management, harvest, and sawmilling. Fourteen of the 30 CFEs harvested more timber than they grew in 2011, suggesting issues with sustainability, but only two of these had harvest far above annual growth, and five of those were only a fraction more than annual growth. All of the 30 CFEs except one made profits in forest management and timber growing. For timber harvesting, 22 of 30 CFEs made profits, but the losses were small for the other CFEs. For the 23 CFEs with sawmills, 18 made profits and five had losses; the greatest returns for the CFEs accrued to those with sawmills for lumber production. On average, the CFEs surveyed had high costs of production relative to other countries, but the CFEs were still profitable in national lumber markets. If Mexico were to begin importing large amounts of lumber from lower cost countries, this could pose a threat to CFE profitability.

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    Journal of Sustainable Forestry
    Article
    License: CC BY NC ND
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    Open Knowledge Repository
    Article . 2015
    License: CC BY NC ND
    Journal of Sustainable Forestry
    Article . 2015 . Peer-reviewed
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      Journal of Sustainable Forestry
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      Article . 2015
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      Journal of Sustainable Forestry
      Article . 2015 . Peer-reviewed
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    Authors: Pai, Madhukar; Das, Jishnu; Yi, Hongmei; Rozelle, Scott; +5 Authors

    Background Despite recent reductions in prevalence, China still faces a substantial tuberculosis (TB) burden, with future progress dependent on the ability of rural providers to appropriately detect and refer TB patients for further care. This study (a) provides a baseline assessment of the ability of rural providers to correctly manage presumptive TB cases; (b) measures the gap between provider knowledge and practice and; (c) evaluates how ongoing reforms of China’s health system—characterized by a movement toward “integrated care” and promotion of initial contact with grassroots providers—will affect the care of TB patients. Methods/Findings Unannounced standardized patients (SPs) presenting with classic pulmonary TB symptoms were deployed in 3 provinces of China in July 2015. The SPs successfully completed 274 interactions across all 3 tiers of China’s rural health system, interacting with providers in 46 village clinics, 207 township health centers, and 21 county hospitals. Interactions between providers and standardized patients were assessed against international and national standards of TB care. Using a lenient definition of correct management as at least a referral, chest X-ray or sputum test, 41% (111 of 274) SPs were correctly managed. Although there were no cases of empirical anti-TB treatment, antibiotics unrelated to the treatment of TB were prescribed in 168 of 274 interactions or 61.3% (95% CI: 55%–67%). Correct management proportions significantly higher at county hospitals compared to township health centers (OR 0.06, 95% CI: 0.01–0.25, p < 0.001) and village clinics (OR 0.02, 95% CI: 0.0–0.17, p < 0.001). Correct management in tests of knowledge administered to the same 274 physicians for the same case was 45 percentage points (95% CI: 37%–53%) higher with 24 percentage points (95% CI: −33% to −15%) fewer antibiotic prescriptions. Relative to the current system, where patients can choose to bypass any level of care, simulations suggest that a system of managed referral with gatekeeping at the level of village clinics would reduce proportions of correct management from 41% to 16%, while gatekeeping at the level of the township hospital would retain correct management close to current levels at 37%. The main limitations of the study are 2-fold. First, we evaluate the management of a one-time new patient presenting with presumptive TB, which may not reflect how providers manage repeat patients or more complicated TB presentations. Second, simulations under alternate policies require behavioral and statistical assumptions that should be addressed in future applications of this method. Conclusions There were significant quality deficits among village clinics and township health centers in the management of a classic case of presumptive TB, with higher proportions of correct case management in county hospitals. Poor clinical performance does not arise only from a lack of knowledge, a phenomenon known as the “know-do” gap. Given significant deficits in quality of care, reforms encouraging first contact with lower tiers of the health system can improve efficiency only with concomitant improvements in appropriate management of presumptive TB patients in village clinics and township health centers. Author summary Why was this study done? Despite remarkable progress against the disease in recent decades, China still faces a significant tuberculosis (TB) burden, particularly in poor rural areas where patients have been shown to face significant delays in diagnosis compared to urban areas. Existing evidence on the quality of TB care in China is based on surveys of individuals ultimately registered with specialized TB clinics; these may not be representative of the quality of TB care provided in rural China, both due to potential poor recall among patients and the fact that surveyed individuals have all been successfully diagnosed with TB. There is little to no direct, objective evidence on how presumptive TB patients are managed in China’s rural health system or on factors related to the quality of care that patients receive. Recent reforms of China’s health system—in particular a move toward policies encouraging first contact with lower-tier providers—may have important implications for TB patients, yet no prospective studies have examined these potential effects. What did the researchers do and find? This study uses unannounced standardized patients (SPs) in a random sample of providers to provide the first direct evidence on the ability of providers at each of the 3 tiers of China’s rural health system to correctly manage patients presenting with symptoms of presumptive TB. Assessed against lenient international and national standards of TB care, 41% SPs were correctly managed overall with significantly lower rates of correct management in village and township facilities compared to county hospitals. In clinical vignettes designed to test knowledge and matching cases presented by SPs, the same village and township clinicians correctly managed cases of presumptive TB more than twice as often. Simulations of alternative “managed referral” policies at the health system level show that when patients are free to select the tier at which they first seek care, presumptive TB patients are correctly managed 41% of the time, but this rate would (a) fall substantially if patients need to first seek care in village clinics and (b) would stay approximately the same with managed referrals from the township level. What do these findings mean? There are significant deficits in the management of presumptive TB patients among village clinics and township health centers in rural areas. Policy attention should first focus on quality improvement among grassroots providers before moving forward with reforms to encourage first contact at lower tiers of the health system. Conceptual training alone is unlikely to engender this improvement, as knowledge among village and township level providers, though low in absolute terms, is already high relative to clinical practice. Chengchao Zhou and colleagues use standardized patients to evaluate tuberculosis diagnosis and care across the three tiers of China's rural health system.

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    Authors: Ali, Daniel Ayalew;

    This paper uses a stochastic dynamic programming model to characterize the optimal savings-consumption decisions and the role of livestock inventories as a buffer stock in rural Ethiopia. The results show that relatively land-rich households use accumulation and liquidation of cattle and other animal inventories for partial consumption smoothing, while low-income households appear not to do so. The results highlight the need for improvement in livestock markets, which are often affected by high transaction costs and price risk, and for investigation of other approaches to risk management.

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    Research . 2015
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    Authors: World Bank Group;

    After a strong rebound in 2010, Philippine economic growth slowed by more than half to 3.6 percent in the first three quarters of 2011. Slower third quarter (Q3) growth of 3.2 percent was the result of significant contractions in exports and public investment. The contraction in exports largely reflected weaker demand in advanced economies while public investments continued to shrink in part because of measures to improve accountability of public spending. On the production side, industrial and agricultural activities were sluggish, leaving the services sector to buoy growth. To improve growth outcome in the remainder of the year, the government announced a PHP 72 billion (about 0.7 percent of GDP) disbursement acceleration plan to ensure that budgeted items are spent by year end. After a strong rebound in 2010, Philippine economic growth slowed by more than half to 3.6 percent in the first three quarters of 2011, bringing year to date growth below the government's revised target of 4.5 to 5.5 percent for 2011. Q3 growth of 3.2 percent was driven by private consumption and inventory build-up, which grew by 7.1 and 147.7 percent respectively. The country's slower expansion places it behind its neighbors with Indonesia, Vietnam, and Singapore growing above 6 percent, Malaysia at 5.8 percent, and Thailand, which was devastated by massive flooding in recent months, at 3.5 percent.

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    Authors: Bripi, Francesco;

    This paper studies the effects of differences in local administrative burdens in Italy in the years 2005–2007 preceding a major reform that sped up firm registration procedures. Combining regulatory data from a survey on Italian provinces before the reform (costs and time to start a business) with industry-level entry rates of limited liability firms, it explores the effects of regulatory barriers on the average of the annual entry rates across industries with different natural propensities to enter the market. The estimates of the cross-sectional analysis show that lengthier and, to some extent, more costly procedures reduced entry in sectors with naturally high entry. A one-day delay in registration procedures reduces the entry rate in highly dynamic sectors by more than 1 percent. These results hold when I include measures of local financial development and of efficiency of bankruptcy procedures are included.

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    Authors: Ndiaye, Mansour;

    Following several years of disappointing economic performance, Senegal has made an important turnaround, with real Gross Domestic Product (GDP) growth averaging over 5 percent annually during 1995-2005. This paper shows that macroeconomic and structural reforms are key factors explaining this recovery. Drivers of sound economic policy decisions in Senegal have included enhanced democratic processes, political commitment to the West African Economic and Monetary Union (WAEMU), and donor community conditionalities.

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    Authors: Croppenstedt, Andre; Goldstein, Markus; Rosas, Nina;

    Women make essential contributions to agriculture in developing countries, where they constitute approximately 43 percent of the agricultural labor force. However, female farmers typically have lower output per unit of land and are much less likely to be active in commercial farming than their male counterparts. These gender differences in land productivity and participation between male and female farmers are due to gender differences in access to inputs, resources, and services. In this paper, the authors review the evidence on productivity differences and access to resources. The authors discuss some of the reasons for these differences, such as differences in property rights, education, control over resources (e.g., land), access to inputs and services (e.g., fertilizer, extension, and credit), and social norms. Although women are less active in commercial farming and are largely excluded from contract farming, they often provide the bulk of wage labor in the nontraditional export sector. In general, gender gaps do not appear to fall systematically with growth, and they appear to rise with Gross domestic product (GDP) per capita and with greater access to resources and inputs. Active policies that support women’s access and participation, not just greater overall access, are essential if these gaps are to be closed. The gains in terms of greater productivity of land and overall production are likely to be large. This paper is organized as follows. Section 2 provides an overview of the differences in male and female productivity within predominantly food crops. Section 3 discusses the major elements needed for production, documents the male–female gap, and explores the existing evidence on why these gaps exist. Section 4 concludes.

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    The World Bank Research Observer
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    Authors: World Bank Group;

    Legislation based on international standards and harmonized between trade partners facilitates trade and enables products from developing countries to be competitive in the international market. Countries looking to export to the EU should aim to harmonize legislation with EU rules. If exporting to EU markets is not a priority, countries should follow requirements of the WTO SPS agreement and thus ensure that their products can access markets of all WTO member states. Both the EU and WTO legislative models for food safety require a risk-based approach to food safety controls, prioritizing funds and activity on the most risky areas. Reforms in this area should be primarily focused on ensuring food safety, although ensuring that consumers are receiving the quality of food that they expect is also a consideration. When planning legislative reform, the burden on business should be carefully considered, and consultation with the business community is strongly recommended to obtain a good understanding of the business perspective. Public awareness on the need for reforms can be important and it is essential to outline the benefits of improved food safety legislation to consumers and their representative bodies as they can help to support reforms and sustain their results.

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    Authors: World Bank;

    Laguna del Sauce is a water supply reservoir located in the Department of Maldonado (Uruguay), approximately 15 kilometers west of Punta del Este and 100 kilometers east of Montevideo. This case study assessed ongoing initiatives to address surface water pollution issues in Uruguay, working in partnership with a team of government agencies charged with water resource management. This assessment will contribute to better understanding of options for water-quality remote sensing capabilities and needs. It will also assist the government of Uruguay in identifying appropriate remote sensing tools and devising an application strategy to provide information needed to support decision making regarding the targeting and monitoring of nutrient pollution prevention and mitigation measures.

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    Authors: World Bank;

    The diagnosis of Gabon's trade potential and the lessons from international experience suggest that, in the long run, the best way to foster export diversification may not be to try to achieve it immediately through providing inefficient incentives but rather to first build domestic capabilities, step by step. To do so, a comprehensive approach that prioritizes and sequences actions needs to be implemented. Key recommendations of this report are to (1) strengthen the regulatory and institutional framework for export promotion, (2) improve the equality of human capital, (3) build a fair and transparent business environment, and (4) upgrade the quality, and reduce the cost, of infrastructure services.

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    Authors: Cubbage, Frederick W.; Davis, Robert R.; Rodriguez Paredes, Diana; Mollenhauer, Ramon; +6 Authors

    Community-based forest management, such as Community Forest Enterprises (CFEs), has the potential to generate positive socioenvironmental and economic outcomes. We performed a detailed survey of financial and production parameters for 30 of the approximately 992 CFEs in Mexico in order to estimate costs, income, profits, and sustainability of harvest levels for forest management, harvest, and sawmilling. Fourteen of the 30 CFEs harvested more timber than they grew in 2011, suggesting issues with sustainability, but only two of these had harvest far above annual growth, and five of those were only a fraction more than annual growth. All of the 30 CFEs except one made profits in forest management and timber growing. For timber harvesting, 22 of 30 CFEs made profits, but the losses were small for the other CFEs. For the 23 CFEs with sawmills, 18 made profits and five had losses; the greatest returns for the CFEs accrued to those with sawmills for lumber production. On average, the CFEs surveyed had high costs of production relative to other countries, but the CFEs were still profitable in national lumber markets. If Mexico were to begin importing large amounts of lumber from lower cost countries, this could pose a threat to CFE profitability.

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    Authors: Pai, Madhukar; Das, Jishnu; Yi, Hongmei; Rozelle, Scott; +5 Authors

    Background Despite recent reductions in prevalence, China still faces a substantial tuberculosis (TB) burden, with future progress dependent on the ability of rural providers to appropriately detect and refer TB patients for further care. This study (a) provides a baseline assessment of the ability of rural providers to correctly manage presumptive TB cases; (b) measures the gap between provider knowledge and practice and; (c) evaluates how ongoing reforms of China’s health system—characterized by a movement toward “integrated care” and promotion of initial contact with grassroots providers—will affect the care of TB patients. Methods/Findings Unannounced standardized patients (SPs) presenting with classic pulmonary TB symptoms were deployed in 3 provinces of China in July 2015. The SPs successfully completed 274 interactions across all 3 tiers of China’s rural health system, interacting with providers in 46 village clinics, 207 township health centers, and 21 county hospitals. Interactions between providers and standardized patients were assessed against international and national standards of TB care. Using a lenient definition of correct management as at least a referral, chest X-ray or sputum test, 41% (111 of 274) SPs were correctly managed. Although there were no cases of empirical anti-TB treatment, antibiotics unrelated to the treatment of TB were prescribed in 168 of 274 interactions or 61.3% (95% CI: 55%–67%). Correct management proportions significantly higher at county hospitals compared to township health centers (OR 0.06, 95% CI: 0.01–0.25, p < 0.001) and village clinics (OR 0.02, 95% CI: 0.0–0.17, p < 0.001). Correct management in tests of knowledge administered to the same 274 physicians for the same case was 45 percentage points (95% CI: 37%–53%) higher with 24 percentage points (95% CI: −33% to −15%) fewer antibiotic prescriptions. Relative to the current system, where patients can choose to bypass any level of care, simulations suggest that a system of managed referral with gatekeeping at the level of village clinics would reduce proportions of correct management from 41% to 16%, while gatekeeping at the level of the township hospital would retain correct management close to current levels at 37%. The main limitations of the study are 2-fold. First, we evaluate the management of a one-time new patient presenting with presumptive TB, which may not reflect how providers manage repeat patients or more complicated TB presentations. Second, simulations under alternate policies require behavioral and statistical assumptions that should be addressed in future applications of this method. Conclusions There were significant quality deficits among village clinics and township health centers in the management of a classic case of presumptive TB, with higher proportions of correct case management in county hospitals. Poor clinical performance does not arise only from a lack of knowledge, a phenomenon known as the “know-do” gap. Given significant deficits in quality of care, reforms encouraging first contact with lower tiers of the health system can improve efficiency only with concomitant improvements in appropriate management of presumptive TB patients in village clinics and township health centers. Author summary Why was this study done? Despite remarkable progress against the disease in recent decades, China still faces a significant tuberculosis (TB) burden, particularly in poor rural areas where patients have been shown to face significant delays in diagnosis compared to urban areas. Existing evidence on the quality of TB care in China is based on surveys of individuals ultimately registered with specialized TB clinics; these may not be representative of the quality of TB care provided in rural China, both due to potential poor recall among patients and the fact that surveyed individuals have all been successfully diagnosed with TB. There is little to no direct, objective evidence on how presumptive TB patients are managed in China’s rural health system or on factors related to the quality of care that patients receive. Recent reforms of China’s health system—in particular a move toward policies encouraging first contact with lower-tier providers—may have important implications for TB patients, yet no prospective studies have examined these potential effects. What did the researchers do and find? This study uses unannounced standardized patients (SPs) in a random sample of providers to provide the first direct evidence on the ability of providers at each of the 3 tiers of China’s rural health system to correctly manage patients presenting with symptoms of presumptive TB. Assessed against lenient international and national standards of TB care, 41% SPs were correctly managed overall with significantly lower rates of correct management in village and township facilities compared to county hospitals. In clinical vignettes designed to test knowledge and matching cases presented by SPs, the same village and township clinicians correctly managed cases of presumptive TB more than twice as often. Simulations of alternative “managed referral” policies at the health system level show that when patients are free to select the tier at which they first seek care, presumptive TB patients are correctly managed 41% of the time, but this rate would (a) fall substantially if patients need to first seek care in village clinics and (b) would stay approximately the same with managed referrals from the township level. What do these findings mean? There are significant deficits in the management of presumptive TB patients among village clinics and township health centers in rural areas. Policy attention should first focus on quality improvement among grassroots providers before moving forward with reforms to encourage first contact at lower tiers of the health system. Conceptual training alone is unlikely to engender this improvement, as knowledge among village and township level providers, though low in absolute terms, is already high relative to clinical practice. Chengchao Zhou and colleagues use standardized patients to evaluate tuberculosis diagnosis and care across the three tiers of China's rural health system.

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    Authors: Ali, Daniel Ayalew;

    This paper uses a stochastic dynamic programming model to characterize the optimal savings-consumption decisions and the role of livestock inventories as a buffer stock in rural Ethiopia. The results show that relatively land-rich households use accumulation and liquidation of cattle and other animal inventories for partial consumption smoothing, while low-income households appear not to do so. The results highlight the need for improvement in livestock markets, which are often affected by high transaction costs and price risk, and for investigation of other approaches to risk management.

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      Research . 2015
      License: CC BY
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