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Institutions for High-Quality Growth: What They are and How to Acquire Them

Rodrik, Dani - National Bureau of Economic Research (NBER) - 2000

This paper opens with a discussion of the types of institutions that allow markets to perform adequately. While we can … identify in broad terms what these are, there is no unique mapping between markets and the non-market institutions that … institutions. A range of evidence indicates that participatory democracies enable higher-quality growth. …

Persistent link: https://www.econbiz.de/10005710420

In Search of the Holy Grail: Policy Convergence, Experimentation, and Economic Performance

Mukand, Sharun; Rodrik, Dani - National Bureau of Economic Research (NBER) - 2002

We consider a model of policy choice in which appropriate policies depend on a country's own circumstances, but the presence of a successful leader generates an informational externality and results in too little 'policy experimentation.' Corrupt governments are reined in while honest...

Persistent link: https://www.econbiz.de/10005710726

When Economic Reform Goes Wrong: Cashews in Mozambique

McMillan, Margaret Mcmillan; Rodrik, Dani; Welch, Karen Horn - National Bureau of Economic Research (NBER) - 2002

Mozambique liberalized its cashew sector in the early 1990s in response to pressure from the World Bank. Opponents of the reform have argued that the policy did little to benefit poor cashew farmers while bankrupting factories in urban areas. Using a welfare-theoretic framework, we analyze the...

Persistent link: https://www.econbiz.de/10005061546

The Two Waves of Service Sector Growth

Eichengreen, Barry; Gupta, Poonam - National Bureau of Economic Research (NBER) - 2009

The positive association between the service sector share of output and per capita income is one of the best-known regularities in all of growth and development economics. Yet there is less than complete agreement on the nature of that association. Here we identify two waves of service sector...

Persistent link: https://www.econbiz.de/10005052156

When Fast Growing Economies Slow Down: International Evidence and Implications for China

Eichengreen, Barry; Shin, Kwanho; Park, Donghyun - National Bureau of Economic Research (NBER) - 2011

Using international data starting in 1957, we construct a sample of cases where fast-growing economies slow down. The evidence suggests that rapidly growing economies slow down significantly, in the sense that the growth rate downshifts by at least 2 percentage points, when their per capita...

Persistent link: https://www.econbiz.de/10008927015