Similar Search Results

The Importance of Economic Policy in Development : Contrasts between Korea and Turkey

Krueger, Anne O. - 2022

In the mid-1950's, Turkey was a much richer country than Korea. With about the same population, Turkish GNP was about …

Persistent link: https://www.econbiz.de/10014157344

Economic Recovery from the Argentine Great Depression : Institutions, Expectations, and the Change of Macroeconomic Regime

della Paolera, Gerardo; Taylor, Alan M. - 2021

This work explores how Argentina overcame the Great Depression and asks whether active macroeconomic interventions made any contribution to the recovery. In particular, we study Argentine macroeconomic policy as it deviated from gold-standard orthodoxy after the final suspension of...

Persistent link: https://www.econbiz.de/10013221515

The Ups and Downs of Turkish Growth, 2002-2015 : Political Dynamics, the European Union and the Institutional Slide

Acemoglu, Daron - 2015

following Turkey's financial crisis in 2001, but then started moving in the opposite direction in the second half of 2000s. This … military's influence and the broadening of effective political participation. As Turkey-European Union relations collapsed and …-paced and lower-quality growth Turkey has been experiencing since about 2007 …

Persistent link: https://www.econbiz.de/10013014300

Microeconomic Aspects of Productivity Growth Under Import Substitution : Turkey

Krueger, Anne O.; Tuncer, Baran - 2021

This paper assesses the empirical relevance of "dynamic" factors in industrialization in developing countries. Using data from a sample of 91 firms, rates of growth of output per unit of input are calculated. It is shown that there is little basis, at least with regard to Turkish experience, to...

Persistent link: https://www.econbiz.de/10013223348

The Political Economy of Ethnolinguistic Cleavages

Desmet, Klaus - 2009

This paper proposes a new method to measure ethnolinguistic diversity and offers new results linking such diversity with a range of political economy outcomes -- civil conflict, redistribution, economic growth and the provision of public goods. We use linguistic trees, describing the...

Persistent link: https://www.econbiz.de/10013156246

On Current Account Surpluses and the Correction of Global Imbalances

Edwards, Sebastian - 2007

In this paper I analyze the nature of external adjustments in current account surplus countries. I ask whether a realignment of world growth rates -- with Japan and Europe growing faster, and the U.S. growing more slowly -- is likely to solve the current situation of global imbalances. The main...

Persistent link: https://www.econbiz.de/10012777651

Policy Distortions and Aggregate Productivity with Endogenous Establishment-Level Productivity

da Rocha, José M. - 2017

What accounts for differences in output per capita and total factor productivity (TFP) across countries? Empirical evidence points to resource misallocation across heterogeneous production units as an important factor. We study misallocation in a general equilibrium model of establishment...

Persistent link: https://www.econbiz.de/10012957990

Institutions vs. Policies : A Tale of Two Islands

Henry, Peter Blair - 2010

Recent work emphasizes the primacy of differences in countries' colonially-bequeathed property rights and legal systems for explaining differences in their subsequent economic development. Barbados and Jamaica provide a striking counter example to this long-run view of income determination. Both...

Persistent link: https://www.econbiz.de/10012758058

Policy Distortions and Aggregate Productivity with Heterogeneous Plants

Restuccia, Diego - 2010

We formulate a version of the growth model in which production is carried out by heterogeneous plants and calibrate it to US data. In the context of this model we argue that differences in the allocation of resources across heterogeneous plants may be an important factor in accounting for...

Persistent link: https://www.econbiz.de/10012760197

Macroeconomics Challenges and Resilience of Emerging Market Economies

Aizenman, Joshua - 2019

A Growing share of Emerging Markets (EMs) use hybrid versions of inflation targeting (IT) that differ from the IT regimes of OECD countries. Policy interest rates among commodity countries are impacted by real exchange rate and international reserves (IR) changes, aiming at stabilizing their...

Persistent link: https://www.econbiz.de/10012861220