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Institutions Rule : The Primacy of Institutions over Geography and Integration in Economic Development

Rodrik, Dani - 2002

We estimate the respective contributions of institutions, geography, and trade in determining income levels around the … world, using recently developed instruments for institutions and trade. Our results indicate that the quality of … institutions trumps' everything else. Once institutions are controlled for, measures of geography have at best weak direct effects …

Persistent link: https://www.econbiz.de/10012469401

Economic Development as Self-Discovery

Hausmann, Ricardo - 2002

In the presence of uncertainty about what a country can be good at producing, there can be great social value to discovering costs of domestic activities because such discoveries can be easily imitated. We develop a general-equilibrium framework for a small open economy to clarify the analytical...

Persistent link: https://www.econbiz.de/10012469762

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/10012461258

Structural Change, Fundamentals and Growth : A Framework and Case Studies

McMillan, Margaret - 2017

Developing countries made considerable gains during the first decade of the 21st century. Their economies grew at unprecedented rates, resulting in large reductions in extreme poverty and a significant expansion of the middle class. But more recently that progress has slowed with an economic...

Persistent link: https://www.econbiz.de/10012455303