The effect of structural reforms on growth in Europe and Central Asia is assessed by looking separately at each supply-side channel: capital, labor, and productivity, with the last estimated using the stochastic frontier approach. By controlling for the interaction with the economic cycle, the...

Die griechischen Wahlen haben den Blick wieder auf die Südländer der Europäischen Währungsunion gelenkt. Wenn verkrustete Strukturen wichtige Krisenursachen waren, muss die Therapie dort ansetzen. Der Autor gibt einen Überblick über die Reformen in den Südländern in Hinblick auf...

This book deconstructs a series of myths surrounding China’s economic rise. The first myth is that globalization led directly to China’s rise; the second is that China is another East Asian developmental state; the third that China’s market reform had been implemented in an incremental way;...

Barber B. Conable, President of the World Bank, discussed how in Mexico, the decade of the Eighties began with a massive increase in the size of government, its ownership and interventions, and with an unmanageable debt. By the decade's end, Mexico had launched one of the most ambitious,...