This paper presents theory and evidence on the relationship between inequality and institutional quality. We propose a model in which the two dynamically reinforce each other and set out to test this relationship with a broad array of institutional measures. We establish double causality between...

Poorer countries have a much smaller public sector and correspondingly a smaller tax burden than richer countries, yet, their economic performance has not been necessarily better. Using a simple model, this paper suggests that the growth and welfare effects of taxation are mediated through...

This presentation discusses economic growth and development in the Dominican Republic from the 1990s to 2006. The presentation contains detailed graphics on the transformation of the economic structure and concludes with resulting working hypotheses.

This presentation comments on John Weiss' Export Growth and Industrial Policy: Lesson from the East Asian Miracle Experience. The presentation took place at the 2005 LAEBA Second Annual Conference, Buenos Aires, Argentina, 28-29 November. The paper focuses on whether industrial policy is still...

This presentation corresponds to the study "Growth Diagnostics for Argentina" The study is organized on the basis of the growth-diagnostics methodology (GDM). Since Argentina is already growing at a high rate, the main concern of the study is to explore how the country can sustain the current...

This is the last version available of "Growth Diagnostics for Argentina". The study is organized on the basis of the growth-diagnostics methodology (GDM). In the last four years Argentina has experienced a substantial acceleration in growth. The 2002-2006 average annual growth rate was close to...

This paper studies the joint effect of economic and political inequalities on redistributive taxation and institutional quality. The theoretical model suggests that income inequality, coupled with political bias in favor of the rich, decreases redistribution and lowers institutional quality. The...

Competing in the world economy does not automatically boost a nation's productivity and restructure its economy. Such progress requires mobilizing capital, employment, technology and knowledge. Opportunities beyond the business realm must be fully exploited to the benfit of society as a whole....