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Does a Leapfrogging Growth Strategy Raise Growth Rate? Some International Evidence

Wang, Zhi - 2010

While openness to trade is a well-recognized hallmark of many successful emerging market economies known as "growth miracles," another component of the growth model is a leapfrogging strategy - the use of policies to guide the industrial structural transformation ahead of a country's factor...

Persistent link: https://www.econbiz.de/10012462266

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

Rodrik, Dani - 2002

world, using recently developed instruments for institutions and trade. Our results indicate that the quality of …

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

Lost Decades : Lessons from Post-Independence Latin America for Today's Africa

Bates, Robert H. - 2006

Africa and Latin America secured their independence from European colonial rule a century and half apart: most of Latin America after 1820 and most of Africa after 1960. Despite the distance in time and space, they share important similarities. In each case independence was followed by political...

Persistent link: https://www.econbiz.de/10012466051

Causal Parameters and Policy Analysis in Economcs : A Twentieth Century Retrospective

Heckman, James L. - 1999

The major contributions of twentieth century econometrics to knowledge were the definition of causal parameters when agents are constrained by resources and markets and causes are interrelated, the analysis of what is required to recover causal parameters from data (the identification problem),...

Persistent link: https://www.econbiz.de/10012471451

Identifying Government Spending Shocks : It's All in the Timing

Ramey, Valerie A. - 2009

Do shocks to government spending raise or lower consumption and real wages? Standard VAR identification approaches show a rise in these variables, whereas the Ramey-Shapiro narrative identification approach finds a fall. I show that a key difference in the approaches is the timing. Both...

Persistent link: https://www.econbiz.de/10012463185

Poverty, Political Freedom, and the Roots of Terrorism

Abadie, Alberto - 2004

-specific characteristics such as the level of political freedom are taken into account. Political freedom is shown to explain terrorism, but it … does so in a non-monotonic way: countries in some intermediate range of political freedom are shown to be more prone to … terrorism than countries with high levels of political freedom or countries with highly authoritarian regimes. This result …

Persistent link: https://www.econbiz.de/10012467830

Coronavirus : Impact on Stock Prices and Growth Expectations

Gormsen, Niels J. - 2020

We use data from the aggregate stock market and dividend futures to quantify how investors' expectations about economic growth evolve across horizons in response to the coronavirus outbreak and subsequent policy responses until June 2020. Dividend futures, which are claims to dividends on the...

Persistent link: https://www.econbiz.de/10012481582

Large Hoarding of International Reserves and the Emerging Global Economic Architecture

Aizenman, Joshua - 2007

This paper analyzes competing interpretations for the large increases in the hoarding of international reserves by developing countries. While the first phase of the rapid hoarding of reserves in the aftermath of the East Asian crisis has been dominated by self insurance against exposure to...

Persistent link: https://www.econbiz.de/10012465374

Consequences of Constitutions

Persson, Torsten - 2003

The paper presents empirical findings regarding the economic policy consequences of constitutional arrangements, in three different dimensions. First, the data are consistent with several theoretical predictions about the consequences of electoral rules and forms of government for fiscal policy...

Persistent link: https://www.econbiz.de/10012468524

The Food Problem and the Aggregate Productivity Consequences of Climate Change

Nath, Ishan B. - 2020

This paper integrates local temperature treatment effects and a quantitative macroeconomic model to evaluate the impact of climate change on sectoral reallocation and aggregate productivity. First, I use firm-level data from a wide range of countries to estimate the effect of temperature on...

Persistent link: https://www.econbiz.de/10012481491

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