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Industrial Catching Up in the Poor Periphery 1870-1975
Williamson, Jeffrey G. - 2011
This paper documents industrial output and labor productivity growth around the poor periphery 1870-1975 (Latin America …, the European periphery, the Middle East, South Asia, Southeast Asia and East Asia). Intensive and extensive industrial … growth accelerated there over this critical century. The precocious poor periphery leaders underwent a surge and more poor …
Persistent link: https://www.econbiz.de/10013129186
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Electoral Fraud, the Rise of Peron and Demise of Checks and Balances in Argentina
Alston, Lee J. - 2010
The future looked bright for Argentina in the early twentieth century. It had already achieved high levels of income per capita and was moving away from authoritarian government towards a more open democracy. Unfortunately, Argentina never finished the transition. The turning point occurred in...
Persistent link: https://www.econbiz.de/10013151645
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Financial Development, Growth, and Crisis : Is There a Trade-Off?
Loayza, Norman - 2018
This paper reviews the evolving literature that links financial development, financial crises, and economic growth in the past 20 years. The initial disconnect—with one literature focusing on the effect of financial deepening on long-run growth and another studying its impact on volatility and...
Persistent link: https://www.econbiz.de/10012922229
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Takeoffs
Aizenman, Joshua - 2007
stagnation. We examine a panel of 241 quot;stagnation episodesquot; from 146 countries, 54 % of these episodes are followed by … takeoffs. Countries that experience takeoffs average 2.3% annual growth following their stagnation episodes, while those that …
Persistent link: https://www.econbiz.de/10012776960
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Growing, Shrinking, and Long Run Economic Performance : Historical Perspectives on Economic Development
Broadberry, Stephen N. - 2017
Using annual data from the thirteenth century to the present, we show that improved long run economic performance has occurred primarily through a decline in the rate and frequency of shrinking, rather than through an increase in the rate of growing. Indeed, as economic performance has improved...
Persistent link: https://www.econbiz.de/10012957987
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The Spread of Manufacturing to the Poor Periphery 1870---2007
Bénétrix, Agustín S. - 2012
This paper documents industrial output growth around the poor periphery (Latin America, the European periphery, the …
Persistent link: https://www.econbiz.de/10013103787
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A Decade of Debt
Reinhart, Carmen M. - 2011
This paper presents evidence that public debts in the advanced economies have surged in recent years to levels not recorded since the end of World War II, surpassing the heights reached during the First World War and the Great Depression. At the same time, private debt levels, particularly those...
Persistent link: https://www.econbiz.de/10013129128
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Deep Recessions, Fast Recoveries, and Financial Crises : Evidence from the American Record
Bordo, Michael D. - 2012
Do steep recoveries follow deep recessions? Does it matter if a credit crunch or banking panic accompanies the recession? Moreover does it matter if the recession is associated with a housing bust? We look at the American historical experience in an attempt to answer these questions. The answers...
Persistent link: https://www.econbiz.de/10013104399
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A Decade Lost and Found : Mexico and Chile in the 1980s
Bergoeing, Raphael - 2008
Chile and Mexico experienced severe economic crises in the early 1980s. This paper analyzes four possible explanations for why Chile recovered much faster than did Mexico. Comparing data from the two countries allows us to rule out a monetarist explanation, an explanation based on falls in real...
Persistent link: https://www.econbiz.de/10012774728
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Recovery of 1933
Jacobson, Margaret - 2019
When Roosevelt abandoned the gold standard in April 1933, he converted what had been effectively real government debt into nominal government debt to open the door to unbacked fiscal expansion. We argue that he followed a state-contingent fiscal rule that ran nominal-debt-financed primary...
Persistent link: https://www.econbiz.de/10012890617