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Financial Frictions, Investment, and Institutions
Yafeh, Yishay - 2010
Financial frictions have been identified as key factors affecting economic fluctuations and growth. But, can institutional reforms reduce financial frictions? Based on a canonical investment model, we consider two potential channels: (i) financial transaction costs at the firm level; and (ii)...
Persistent link: https://www.econbiz.de/10014397491
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India's Pattern of Development : What Happened, What Follows?
Subramanian, Arvind - 2006
India has followed an idiosyncratic pattern of development, certainly compared with other fast-growing Asian economies …. While the importance of services rather than manufacturing is widely noted, within manufacturing India has emphasized skill … existed prior to the beginning of economic reforms in the 1980s, and stem from the idiosyncratic policies adopted after India …
Persistent link: https://www.econbiz.de/10014403032
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Post-Covid-19 recovery and resilience : leveraging reforms for growth and inclusion in Sub-Saharan Africa
Hong, Gee Hee; Igan, Deniz; Lee, Do - 2021
Covid-19 has exacerbated economic and social vulnerabilities across Sub-Saharan Africa (SSA). There is a risk that growth could be lower for longer, with a setback to development. Post-pandemic reforms thus become even more important, especially with constrained scope for fiscal and monetary...
Persistent link: https://www.econbiz.de/10012518323
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The Transition Economies After Ten Years
Fischer, Stanley - 2000
This paper summarizes the macroeconomic performance of the transition economies. We first review the initial conditions confronting these economies, the reform strategy that was proposed, and the associated controversies that arose a decade ago. We then account for the widely different outcomes,...
Persistent link: https://www.econbiz.de/10014399915
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Bangladesh : Economic Reform Measures and the Poor
Gotur, Padma - 1991
This paper assesses the impact on the poor of the economic reforms undertaken in Bangladesh under Fund-supported structural adjustment programs. It finds that program-induced changes in production, employment, and incomes have benefitted the poor, while the adverse impact of program-induced...
Persistent link: https://www.econbiz.de/10014398340
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A Survey of Economic Policies and Macroeconomic Performance in Chile and Colombia, 1970-95
Clavijo, Sergio - 1995
This survey describes the timing and main macroeconomic results of the ambitious structural reforms adopted by Chile in the middle and late 1970s and by Colombia almost a decade later in the late 1980s and early 1990s. These reforms have enabled both countries to maintain vigorous real growth...
Persistent link: https://www.econbiz.de/10014395870
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J-curve of productivity and growth : Indian manufacturing post-liberalization
Virmani, Arvind; Hashim, Danish A. - 2011
Persistent link: https://www.econbiz.de/10009424828
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Resource misallocation in India : the role of cross-state labor market reform
Mohommad, Adil; Sandoz, Charlotte; Sodsriwiboon, Piyaporn - 2021
firms' decision making. The relatively high level of resource misallocation in India's formal manufacturing sector is well … interaction of labor market rigidities with informality which is a key feature of India's labor markets. Our results suggest that …
Persistent link: https://www.econbiz.de/10012518715
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J-Curve of Productivity and Growth : Indian Manufacturing Post-Liberalization
Virmani, Arvind - 2011
Most estimates of Indian manufacturing productivity find a slowdown in the 1990s. This has puzzled analysts, given that 1990s reforms were deeper and wider than the 1980s reforms that raised the growth rate of the Indian economy by 2 per cent points. This paper tests the hypothesis of the J...
Persistent link: https://www.econbiz.de/10014399140
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India in the 1980's and 1990's : A Triumph of Reforms
Panagariya, Arvind - 2004
Bradford DeLong and Dani Rodrik have argued that reforms in India cannot be credited with higher growth because the … by explaining why the growth rate in India nevertheless continues to trail that of China …
Persistent link: https://www.econbiz.de/10014404076