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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

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

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

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

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

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

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

Do democratic transitions produce bad economic outcomes?

Rodrik, Dani; Wacziarg, Romain - In: The American economic review 95 (2005) 2, pp. 50-55

Persistent link: https://www.econbiz.de/10003212813

How does globalization affect the synchronization of business cycles?

Kose, M. Ayhan; Prasad, Eswar S.; Terrones, Marco E. - In: The American economic review 93 (2003) 2, pp. 57-62

Persistent link: https://www.econbiz.de/10001776771

International business cycles : world, region, and country-specific factors

Kose, M. Ayhan; Otrok, Christopher M.; Whiteman, Charles H. - In: The American economic review 93 (2003) 4, pp. 1216-1239

Persistent link: https://www.econbiz.de/10001799735

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