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continue, and in particular, whether developing nations can sustain the rapid growth they have experienced of late. The good … news is that growth in the developing world should depend not on growth in the advanced economies themselves, but on the …
Persistent link: https://www.econbiz.de/10012461258
growth reducing in both Africa and Latin America, with the most striking changes taking place in Latin America. The bulk of … to which) structural change contributes to overall productivity growth. In countries with a relatively large share of … natural resources in exports, structural change has typically been growth reducing. Even though these "enclave" sectors …
Persistent link: https://www.econbiz.de/10012461515
This is an attempt to derive broad, strategic lessons from the diverse experience with economic growth in last fifty … second argument is that igniting economic growth and sustaining it are somewhat different enterprises. The former generally …
Persistent link: https://www.econbiz.de/10012468644
The Burnside and Dollar (2000, AER) finding that aid raises growth in a good policy environment has had an important …
Persistent link: https://www.econbiz.de/10012468851
institutions. A range of evidence indicates that participatory democracies enable higher-quality growth …
Persistent link: https://www.econbiz.de/10012471235
Using Fontana et al.'s (2019) database, we analyze levels and trends in the global distribution of authorship in economics journals, disaggregating by country/region, quality of journal, and fields of specialization. We document striking imbalances. While Western and Northern European authors...
Persistent link: https://www.econbiz.de/10012660112
This paper describes our construction of the Global Financial Development Database and uses the data to compare financial systems around the world. The database provides information on financial systems in 205 economies over the period from 1960 to 2010 and includes measures of (1) size of...
Persistent link: https://www.econbiz.de/10012459715
Why should multilateral lending exist in a world where private capital markets are well developed and governments have their own bilateral aid programs? If lending by the World Bank, IMF, and regional development banks has an independent rationale, it must rest on advantages generated by the...
Persistent link: https://www.econbiz.de/10012473722
The manner in which the political system responds to external economic shocks in developing countries is a key determinant of the private investment response. We look at a simple model of political-economic equilibrium to make this intuition more precise. and develop the idea of a "political...
Persistent link: https://www.econbiz.de/10012475021
This paper asks why developing country policymakers have been so reluctant to undertake trade reform until the 1980s, and why many of them have embraced open trade policies so wholeheartedly since then. To answer these questions, the paper develops a heuristic index of the "political...
Persistent link: https://www.econbiz.de/10012475034