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What Have Two Decades of British Economic Reform Delivered?
Card, David; Freeman, Richard B. - 2021
Beginning in 1979 with the newly electted Thatcher Government and continuing under successive Conservative and Labour Governments, the United Kingdom has embarked on a two-decade-long experiment in economic reform. We present evidence that the reform process has succeeded in making the UK more...
Persistent link: https://www.econbiz.de/10013218893
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Democracy and Development : The Devil in the Details
Persson, Torsten; Tabellini, Guido - 2021
Does democracy promote economic development? We review recent attempts to address this question, which exploit the within-country variation associated with historical transitions in and out of democracy. The answer is positive, but depends %u2013 in a subtle way %u2013 on the details of...
Persistent link: https://www.econbiz.de/10013234089
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Multi-Product Firms and Product Turnover in the Developing World : Evidence from India
Goldberg, Pinelopi - 2015
Recent theoretical work predicts that an important margin of adjustment to deregulation or trade reforms is the … detailed firm-level data from India, we provide the first evidence on the patterns of multi-product firm production in a large …-section, multi-product firms in India look remarkably similar to their U.S. counterparts, confirming the predictions of recent …
Persistent link: https://www.econbiz.de/10012750189
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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 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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Openness Can Be Good for Growth : The Role of Policy Complementarities
Chang, Roberto; Kaltani, Linda; Loayza, Norman - 2021
This paper studies how the effect of trade openness on economic growth depends on complementary reforms that help a country take advantage of international competition. This issue is illustrated with a simple Harris-Todaro model where output gains after trade liberalization depend on the degree...
Persistent link: https://www.econbiz.de/10013212607
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Growth, Macroeconomics, and Development
Fischer, Stanley - 2021
The 1980s were both the lost decade of growth for much of Latin America and Africa, and the period in which -- through the new growth theory -- macroeconomists returned to the study of growth and development. The new growth theory is production function driven and concerned primarily with steady...
Persistent link: https://www.econbiz.de/10013247273
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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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From "Hindu Growth" to Productivity Surge : The Mystery of the Indian Growth Transition
Rodrik, Dani; Subramanian, Arvind - 2022
Most conventional accounts of India's recent economic performance associate the pick-up in economic growth with the …
Persistent link: https://www.econbiz.de/10013322139