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Rodrik, Dani - C.E.P.R. Discussion Papers - 2011

Unlike economies as a whole, manufacturing industries exhibit unconditional convergence in labor productivity. The … the period since 1990. The coefficient of unconditional convergence is estimated quite precisely and is large, at 3 …

Persistent link: https://www.econbiz.de/10009359488

The Elusive Gains from International Financial Integration

Gourinchas, Pierre-Olivier; Jeanne, Olivier - C.E.P.R. Discussion Papers - 2003

as foreign capital flows in and speeds up the process of convergence. We show in a calibrated neoclassical model that … conventionally measured welfare gains from this type of convergence appear relatively limited for the typical emerging country. The …

Persistent link: https://www.econbiz.de/10005791683

In Search of the Holy Grail: Policy Convergence, Experimentation and Economic Performance

Mukand, Sharun W.; Rodrik, Dani - C.E.P.R. Discussion Papers - 2002

We consider a model of policy choice in which appropriate policies depend on a country’s own circumstances, but the presence of a successful leader generates an informational externality and results in too little ‘policy experimentation’. Corrupt governments are reined in while honest...

Persistent link: https://www.econbiz.de/10005136734