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The Transition Economies after Ten Years
Fischer, Stanley; Sahay, Ratna - 2010
While output declined in virtually all transition economies in the initial years, the speed and extent of the recovery that followed has varied widely across these countries. The contrast between the more and less successful transitions, the latter largely in the former Soviet Union, raises many...
Persistent link: https://www.econbiz.de/10014156715
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Australian Growth : A California Perspective
McLean, Ian W.; Taylor, Alan M. - 2021
Examination of special cases assists understanding of the mechanics of long-run economic growth more generally. Australia and California are two economies having the rare distinction of achieving 150 years of sustained high and rising living standards for rapidly expanding populations. They are...
Persistent link: https://www.econbiz.de/10013222238
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Why Have Economic Reforms in Mexico Not Generated Growth?
Kehoe, Timothy J. - 2010
Following its opening to trade and foreign investment in the mid-1980s, Mexico's economic growth has been modest at best, particularly in comparison with that of China. Comparing these countries and reviewing the literature, we conclude that the relation between openness and growth is not a...
Persistent link: https://www.econbiz.de/10013135399
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Why Isn't Mexico Rich?
Hanson, Gordon H. - 2010
Over the last three decades, Mexico has aggressively reformed its economy, opening to foreign trade and investment, achieving fiscal discipline, and privatizing state owned enterprises. Despite these efforts, the country's economic growth has been lackluster, trailing that of many other...
Persistent link: https://www.econbiz.de/10013137012
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The 1991 Reforms, Indian Economic Growth, and Social Progress
Agarwal, Manmohan - 2013
This paper analyzes the effects of the reforms initiated in India following the balance of payments (BOP) crisis of 1991 on economic performance. We do not find persuasive the contention of many analysts that growth accelerated after the mid-1980s when reforms were initiated. Nor does...
Persistent link: https://www.econbiz.de/10013082166
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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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Growth, Reform Indicators and Policy Complementaries
Braga de Macedo, Jorge - 2007
This paper discusses the design of structural policies by relating second-best results and the complementarity of reforms. It computes a complementarity index based on structural reform indicators compiled by the EBRD for transition countries, assuming that the run-up to EU integration...
Persistent link: https://www.econbiz.de/10012778303
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The Value of Making Commitments Externally : Evidence from WTO Accessions
Tang, Man-Keung - 2010
This paper studies the value of external commitment to policy reforms in the case of WTO/GATT accessions. The accessions often entail reforms that go beyond narrowly defined trade liberalization, and have to overcome fierce resistance in the acceding countries, as reflected in protracted...
Persistent link: https://www.econbiz.de/10012758061
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Economic Performance and Work Activity in Sweden after the Crisis of the Early 1990s
Davis, Steven J. - 2010
Following a severe contraction in the early 1990s, the Swedish economy accumulated a strong record of output growth ….5 percent below the 1990 peak and a mere one percent above the 1993 trough. Employment rates tell a similar story. Our …
Persistent link: https://www.econbiz.de/10012760495
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What Have Two Decades of British Economic Reform Delivered?
Card, David; Freeman, Richard B. - 2021
reform process has succeeded in making the UK more market-friendly than its European competitors. In fact, by the 1990s … evaluate the effects of these reforms we compare trends in macroeconomic outcomes in the UK relative to the US, Germany, and … France. During the 1980s and 1990s Britain halted the relative declines in GDP per capita and labour productivity that had …
Persistent link: https://www.econbiz.de/10013218893