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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
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
In this paper I analyze the evolution of economic and social conditions in Latin America from the 1950s through the 1980s, when deep external crises erupted in country after country. The point of departure of our story is the political awakening of the region in the late 1950s and early 1960s...
Persistent link: https://www.econbiz.de/10013151815
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
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
Most countries in the periphery specialized in the export of just a handful of primary products for most of their …. Additionally, both effects were asymmetric between Core and Periphery, findings that speak directly to the terms of trade debates …
Persistent link: https://www.econbiz.de/10013222998
volatility was much more important than secular change. Additionally, both effects were asymmetric between core and periphery …
Persistent link: https://www.econbiz.de/10013214578
trade forces produced rising primary product specialization and de-industrialization in the poor periphery. More recently …, modern economists argue that volatility reduces growth in the poor periphery. This paper assess these de … did not do so in the poor periphery. Given that the secular terms of trade boom in the poor periphery was much bigger over …
Persistent link: https://www.econbiz.de/10012772451
This paper documents industrial output growth around the poor periphery (Latin America, the European periphery, the …
Persistent link: https://www.econbiz.de/10013103787
This paper shows that the Russian 1998 crisis had a big impact on capital flows to Emerging Market Economies, EMs, especially in Latin America, and that the impact of the Russian shock differs quite markedly across EMs. To illustrate this statement, we compare the polar cases of Chile and...
Persistent link: https://www.econbiz.de/10013222318