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The Revealed Preference of the Chinese Communist Party Leadership : Investing in Local Economic Development versus Rewarding Social Connections
Kahn, Matthew E. - 2018
Over the last 30 years, the Chinese government has invested in new industrial parks with the intent of stimulating urban economic growth. The central government delegates the site selection decision to provincial leaders. A principal-agent issue arises because the central government prioritizes...
Persistent link: https://www.econbiz.de/10012453257
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Macroeconomic Volatility in Latin America : A View and Three Case Studies
Caballero, Ricardo J. - 2000
better economic environment. In this paper I review these sources through the recent experiences of Argentina, Chile and …
Persistent link: https://www.econbiz.de/10012470968
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Economic Recovery from the Argentine Great Depression : Institutions, Expectations, and the Change of Macroeconomic Regime
Paolera, Gerardo della - 2000
This work explores how Argentina overcame the Great Depression and asks whether active macroeconomic interventions made …-standard orthodoxy after the final suspension of convertibility in 1929. As elsewhere, fiscal policy in Argentina was conservative, and …
Persistent link: https://www.econbiz.de/10012471138
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Peronist Beliefs and Interventionist Policies
Tella, Rafael Di - 2010
Argentina and Democrat and Republican voters in the US. While income and education suggest that Peronists (in relative terms …
Persistent link: https://www.econbiz.de/10012462036
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Sudden Stop, Financial Factors and Economic Collpase in Latin America : Learning from Argentina and Chile
Calvo, Guillermo A. - 2005
statement, we compare the polar cases of Chile and Argentina. While Chile exhibited a significant economic slowdown after August … 1998, it did not suffer the excruciating collapse suffered by Argentina, where even the payments system came to a full stop …. We attribute their difference to the fact that Chile is more open to trade than Argentina, and that it appears to suffer …
Persistent link: https://www.econbiz.de/10012467532
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Institutional Causes, Macroeconomic Symptoms : Volatility, Crises and Growth
Acemoglu, Daron - 2002
Countries that have pursued distortionary macroeconomic policies, including high inflation, large budget deficits and misaligned exchange rates, appear to have suffered more macroeconomic volatility and also grown more slowly during the postwar period. Does this reflect the causal effect of...
Persistent link: https://www.econbiz.de/10012469587
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Growth, Reform Indicators and Policy Complementaries
de Macedo, Jorge Braga - 2006
This paper discusses the design of structural policies by relating second-best results and the complementarity of reforms. It computes a complementarity index based on structural reform indicators compiled by the EBRD for transition countries, assuming that the run-up to EU integration...
Persistent link: https://www.econbiz.de/10012466121
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On the Sequencing of Structural Reforms
Edwards, Sebastian - 1989
Both OECD and developing economies have embarked on structural reforms aimed at dismantling regulations and reducing the extent of distortions affecting different sectors of their economies. Regardless of the marked difference, both groups have to deal with the problems of the appropriate...
Persistent link: https://www.econbiz.de/10012475905
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Taxes and capital formation : NBER summary report
Zerwitz, Donna (ed.) - 1986
Persistent link: https://www.econbiz.de/10000711622
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Germany's Economic Unification : An Assessment after Ten Years
Sinn, Hans-Werner - 2000
A political miracle occurred when Germany was reunited, and at first glance an economic miracle has followed. Real incomes in the east have now reached the western level, and investment per capita has been much higher than in the west. However, every third deutschmark spent in the east has been...
Persistent link: https://www.econbiz.de/10012471183