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Institutions Rule : The Primacy of Institutions Over Geography and Integration in Economic Development
Rodrik, Dani; Subramanian, Arvind; Trebbi, Francesco - 2021
We estimate the respective contributions of institutions, geography, and trade in determining income levels around the … world, using recently developed instruments for institutions and trade. Our results indicate that the quality of … institutions trumps' everything else. Once institutions are controlled for, measures of geography have at best weak direct effects …
Persistent link: https://www.econbiz.de/10013224849
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The Future of Economic Convergence
Rodrik, Dani - 2011
The question addressed in this paper is whether the gap in performance between the developed and developing worlds can 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...
Persistent link: https://www.econbiz.de/10013120308
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Structural Change, Fundamentals and Growth : A Framework and Case Studies
McMillan, Margaret - 2017
Developing countries made considerable gains during the first decade of the 21st century. Their economies grew at unprecedented rates, resulting in large reductions in extreme poverty and a significant expansion of the middle class. But more recently that progress has slowed with an economic...
Persistent link: https://www.econbiz.de/10012956929
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Economic Development as Self-Discovery
Hausmann, Ricardo; Rodrik, Dani - 2021
In the presence of uncertainty about what a country can be good at producing, there can be great social value to discovering costs of domestic activities because such discoveries can be easily imitated. We develop a general-equilibrium framework for a small open economy to clarify the analytical...
Persistent link: https://www.econbiz.de/10013223051
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Thresholds in the Process of International Financial Integration
Kose, M. Ayhan - 2009
The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the presumed growth benefits of financial integration....
Persistent link: https://www.econbiz.de/10013160341
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Institutions for High-Quality Growth: What They are and How to Acquire Them
Rodrik, Dani - National Bureau of Economic Research (NBER) - 2000
This paper opens with a discussion of the types of institutions that allow markets to perform adequately. While we can … identify in broad terms what these are, there is no unique mapping between markets and the non-market institutions that … institutions. A range of evidence indicates that participatory democracies enable higher-quality growth. …
Persistent link: https://www.econbiz.de/10005710420
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In Search of the Holy Grail: Policy Convergence, Experimentation, and Economic Performance
Mukand, Sharun; Rodrik, Dani - National Bureau of Economic Research (NBER) - 2002
We consider a model of policy choice in which appropriate policies depend on a country's own circumstances, but the presence of a successful leader generates an informational externality and results in too little 'policy experimentation.' Corrupt governments are reined in while honest...
Persistent link: https://www.econbiz.de/10005710726
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When Economic Reform Goes Wrong: Cashews in Mozambique
McMillan, Margaret Mcmillan; Rodrik, Dani; Welch, Karen Horn - National Bureau of Economic Research (NBER) - 2002
Mozambique liberalized its cashew sector in the early 1990s in response to pressure from the World Bank. Opponents of the reform have argued that the policy did little to benefit poor cashew farmers while bankrupting factories in urban areas. Using a welfare-theoretic framework, we analyze the...
Persistent link: https://www.econbiz.de/10005061546
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Tfpg Controversies, Institutions, and Economic Performance in East Asia
Rodrik, Dani - 2010
The controversy over the appropriate partitioning of East Asian growth into accumulation versus technical change has overlooked a fundamental indeterminacy in measurement. As a result, we cannot rule out the possibility that East Asia has in fact experienced a tremendous amount of technological...
Persistent link: https://www.econbiz.de/10012763667
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The Long-Run Behavior of Velocity : the Institutional Approach Revisited
Bordo, Michael D.; Jonung, Lars - 2021
In this paper we provide evidence using annual data for the period 1880 to 1986 that institutional variables are significant determinants of velocity in the United States, United Kingdom, Canada, Sweden and Norway. This evidence supplements our earlier findings (Bordo and Jonung, Cambridge...
Persistent link: https://www.econbiz.de/10013210545