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The Antecedents and Aftermath of Financial Crises as Told by Carlos F. Díaz Alejandro
Reinhart, Carmen - 2015
Some of the best-known papers of Carlos F. Díaz Alejandro were about Latin America's crises in the 1980s and 1930s. I will show data, figures and evidence here about the crises in the advanced economies 30 years later that fit the same narrative. His unadulterated words aptly describe modern...
Persistent link: https://www.econbiz.de/10013019494
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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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If Technology Has Arrived Everywhere, Why Has Income Diverged?
Comin, Diego A. - 2014
We study the lags with which new technologies are adopted across countries, and their long-run penetration rates once they are adopted. Using data from the last two centuries, we document two new facts: there has been convergence in adoption lags between rich and poor countries, while there has...
Persistent link: https://www.econbiz.de/10013063999
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The Globalization of the Software Industry : Perspectives and Opportunities for Developed and Developing Countries
Arora, Ashish; Gambardella, Alfonso - 2022
The spectacular growth of the software industry in some non-G7 economies has aroused both interest and concern. This paper addresses two sets of inter-related issues. First, we explore the determinants of these successful stories. We then touch upon the broader question of what lessons, if any,...
Persistent link: https://www.econbiz.de/10013324030
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Can the West Save Africa?
Easterly, William - 2021
In the new millennium, the Western aid effort towards Africa has surged due to writings by well-known economists, a celebrity mass advocacy campaign, and decisions by Western leaders to make Africa a major foreign policy priority. This survey contrasts the predominant "transformational" approach...
Persistent link: https://www.econbiz.de/10013210668
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Health, Inequality, and Economic Development
Deaton, Angus - 2021
I explore the connection between income inequality and health in both poor and rich countries. I discuss a range of mechanisms, including nonlinear income effects, credit restrictions, nutritional traps, public goods provision, and relative deprivation. I review the evidence on the effects of...
Persistent link: https://www.econbiz.de/10013237247
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Economic and Political Inequality in Development : The Case of Cundinamarca, Colombia
Acemoglu, Daron - 2010
Is inequality harmful for economic growth? Is the underdevelopment of Latin America related to its unequal distribution of wealth? A recently emerging consensus claims not only that economic inequality has detrimental effects on economic growth in general, but also that differences in economic...
Persistent link: https://www.econbiz.de/10012759965
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Democratic Capital : The Nexus of Political and Economic Change
Persson, Torsten - 2010
years. Democratic capital -- measured by a nation's historical experience with democracy and by the incidence of democracy … in its neighborhood -- reduces the exit rate from democracy and raises the exit rate from autocracy. In democracies, a …, promoting economic development jointly with the consolidation of democracy …
Persistent link: https://www.econbiz.de/10012761656
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Host-Mnc Relations in Resource-Rich Countries
Chichilnisky-Heal, Natasha - 2015
the amount of resource rent that leaves the country) and economic development, considering the cases of democracy and … always benefit the incumbent, whether the country is a democracy or an autocracy. We then suggest that the relation between …
Persistent link: https://www.econbiz.de/10013011934
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Forms of Democracy, Policy and Economic Development
Persson, Torsten - 2022
of democracy (rather than democracy vs. non-democracy) has important consequences for the adoption of structural polices … opposed to majoritarian) and permanent (as opposed to temporary) democracy appear to produce the most growth …
Persistent link: https://www.econbiz.de/10014066490