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the costly Goldenberg scandal uncovered in 1992. But tangible results in the shape of favorable government debt dynamics …
Persistent link: https://www.econbiz.de/10010521074
"The authors use a sample of 147 countries to investigate the link between democracy and reforms. Democracy may be conducive to reforms, because politicians have the incentive to embrace growth-enhancing reforms to win elections. By contrast, authoritarian regimes do not have to worry as much...
Persistent link: https://www.econbiz.de/10011394129
, selective adaptation, and industrial upgrading. This paper attempts to distill lessons from China's reform and opening up … process, and investigate the underlying reasons behind China's success in trade expansion and economic growth. From its … beginnings with home-grown and second-best institutions, China has embarked on a long journey of reform, experimentation, and …
Persistent link: https://www.econbiz.de/10010520960
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One of the primary reasons that otherwise good politicians enact bad policies in countries all over the world, but especially in low-income countries, is that they face significant constraints in their efforts to bring about reform. These constraints, the "room for maneuver", are shaped by the...
Persistent link: https://www.econbiz.de/10010524276
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"The authors study how the effect of trade openness on economic growth depends on complementary reforms that help a country take advantage of international competition. This issue is illustrated with a simple Harris-Todaro model where output gains after trade liberalization depend on the degree...
Persistent link: https://www.econbiz.de/10010522437