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Institutions Rule : The Primacy of Institutions Over Integration and Geography in Economic Development

Subramanian, Arvind - 2002

We estimate the respective contributions of institutions, geography, and trade in determining cross-country income … levels using recently developed instruments for institutions and trade. Our results indicate that the quality of institutions … ""trumps"" everything else. Controlling for institutions, geography have at best weak direct effects on incomes, although it …

Persistent link: https://www.econbiz.de/10014401492

The New Development Economics : We Shall Experiment, but How Shall We Learn?

Rodrik, Dani - 2008

Development economics is split between macro-development economists - who focus on economic growth, international trade, and fiscal/macro policies - and micro-development economists - who study microfinance, education, health, and other social programs. Recently there has been substantial...

Persistent link: https://www.econbiz.de/10012722694

Preface: Development Policy and Development Economics: An Introduction

Rodrik, Dani; Rosenzweig, Mark R. - In: Handbook of development economics : volume 5, (pp. xv-xxvii). 2010

Anyone who undertakes to produce a volume of surveys in economic development must confront the question: Does the world really need another one? The field changes over time and, one hopes, knowledge accumulates. So, one motive is the desire to cover the more recent advances. And indeed, economic...

Persistent link: https://www.econbiz.de/10014025725

How do business and financial cycles interact?

Claessens, Stijn; Kose, M. Ayhan; Terrones, Marco E. - 2011

Persistent link: https://www.econbiz.de/10009486294

Regionalization vs. globalization

Hirata, Hideaki; Kose, M. Ayhan; Otrok, Christopher M. - 2013

Abstract: Both global and regional economic linkages have strengthened substantially over the past quarter century. We employ a dynamic factor model to analyze the implications of these linkages for the evolution of global and regional business cycles. Our model allows us to assess the roles...

Persistent link: https://www.econbiz.de/10009707567

The Future of Convergence

Rodrik, Dani - 2011

Persistent link: https://www.econbiz.de/10013120590

Is Global Equality the Enemy of National Equality?

Rodrik, Dani - 2017

The bulk of global inequality is accounted for by income differences across countries rather than within countries. Expanding trade with China has aggravated inequality in some advanced economies, while ameliorating global inequality. But the “China shock” is receding and other low-income...

Persistent link: https://www.econbiz.de/10012963990

Postscript to Financial Globalization and Economic Policies

Kose, M. Ayhan; Prasad, Eswar; Rogoff, Kenneth; Wei, … - In: Handbook of development economics : volume 5, (pp. 4360-4362). 2010

The global financial crisis serves as a reminder of the risks of financial globalization. After grappling with surges of capital inflows earlier in this decade, many emerging market and developing economies experienced a sharp reversal of those inflows in late 2008 as a result of the crisis....

Persistent link: https://www.econbiz.de/10014025722

Chapter 65. Financial Globalization and Economic Policies

Kose, M. Ayhan; Prasad, Eswar; Rogoff, Kenneth; Wei, … - In: Handbook of development economics : volume 5, (pp. 4283-4359). 2010

We review the large literature on various economic policies that could help developing economies effectively manage the process of financial globalization. Our central findings indicate that policies promoting financial sector development, institutional quality, and trade openness appear to help...

Persistent link: https://www.econbiz.de/10014025737

How Does Financial Globalization Affect Risk Sharing? : Patterns and Channels

Terrones, Marco - 2007

In theory, one of the main benefits of financial globalization is that it should allow for more efficient international risk sharing. This paper provides a comprehensive empirical evaluation of the patterns of risk sharing among different groups of countries and examines how international...

Persistent link: https://www.econbiz.de/10014400319