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Industrial Catching Up in the Poor Periphery 1870-1975
Williamson, Jeffrey G. - 2011
This paper documents industrial output and labor productivity growth around the poor periphery 1870-1975 (Latin America …, the European periphery, the Middle East, South Asia, Southeast Asia and East Asia). Intensive and extensive industrial … growth accelerated there over this critical century. The precocious poor periphery leaders underwent a surge and more poor …
Persistent link: https://www.econbiz.de/10012461848
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Electoral Fraud, the Rise of Peron and Demise of Checks and Balances in Argentina
Alston, Lee J. - 2009
The future looked bright for Argentina in the early twentieth century. It had already achieved high levels of income per capita and was moving away from authoritarian government towards a more open democracy. Unfortunately, Argentina never finished the transition. The turning point occurred in...
Persistent link: https://www.econbiz.de/10012463440
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Financial Development, Growth, and Crisis : Is There a Trade-Off?
Loayza, Norman - 2018
This paper reviews the evolving literature that links financial development, financial crises, and economic growth in the past 20 years. The initial disconnect--with one literature focusing on the effect of financial deepening on long-run growth and another studying its impact on volatility and...
Persistent link: https://www.econbiz.de/10012453240
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Takeoffs
Aizenman, Joshua - 2007
stagnation. We examine a panel of 241 "stagnation episodes" from 146 countries, 54 % of these episodes are followed by takeoffs …. Countries that experience takeoffs average 2.3% annual growth following their stagnation episodes, while those that do not …
Persistent link: https://www.econbiz.de/10012465570
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Growing, Shrinking, and Long Run Economic Performance : Historical Perspectives on Economic Development
Broadberry, Stephen - 2017
Using annual data from the thirteenth century to the present, we show that improved long run economic performance has occurred primarily through a decline in the rate and frequency of shrinking, rather than through an increase in the rate of growing. Indeed, as economic performance has improved...
Persistent link: https://www.econbiz.de/10012455338
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The Spread of Manufacturing to the Poor Periphery 1870---2007
Bénétrix, Agustín S. - 2012
This paper documents industrial output growth around the poor periphery (Latin America, the European periphery, the …
Persistent link: https://www.econbiz.de/10012460439
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Economic Recovery from the Argentine Great Depression : Institutions, Expectations, and the Change of Macroeconomic Regime
Paolera, Gerardo della - 2000
This work explores how Argentina overcame the Great Depression and asks whether active macroeconomic interventions made any contribution to the recovery. In particular, we study Argentine macroeconomic policy as it deviated from gold-standard orthodoxy after the final suspension of...
Persistent link: https://www.econbiz.de/10012471138
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The Role of Bank Restructuring in Recovering from Crises : Mexico 1995-98
Krueger, Anne - 1999
In this paper we analyze the evolution of the Mexican economy between 1995 and 1998. The remarkable quick recovery seen in aggregate activity has not been uniform across the economy. The tradable sector has grown strongly, while the non-tradable sector has recuperated only sluggishly. This...
Persistent link: https://www.econbiz.de/10012471758
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Recovery of 1933
Jacobson, Margaret M. - 2019
When Roosevelt abandoned the gold standard in April 1933, he converted what had been effectively real government debt into nominal government debt to open the door to unbacked fiscal expansion. We argue that he followed a state-contingent fiscal rule that ran nominal-debt-financed primary...
Persistent link: https://www.econbiz.de/10012479581
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The Recovery From The Great Recession : A Long, Evolving Expansion
Shambaugh, Jay C.; Strain, Michael R. - National Bureau of Economic Research - 2021
Prior to 2020, the Great Recession was the most important macroeconomic shock to the United States economy in generations. Millions lost jobs and homes. At its peak, one in ten workers who wanted a job could not find one. On an annual basis, the economy contracted by more than it had since the...
Persistent link: https://www.econbiz.de/10012482669