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High Performing Asian Economies
Fogel, Robert W. - 2004
To American and European economists in 1945, the countries of Asia were unpromising candidates for high economic growth … Asia experienced vigorous economic growth, some with growth rates far exceeding the previous growth rates of the … economic growth would falter, proved to be incorrect. Growth rates will probably continue at high levels in Southeast Asia for …
Persistent link: https://www.econbiz.de/10012467938
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Recent Developments in Macroeocnomics
Fischer, Stanley - 1987
This paper surveys much of modern macroeconomics. The focus is on the core macroeconomic issue, of the reasons for macroeconomic fluctuations and sometimes persistent unemployment. To provide continuity and perspective on how promising research leads of the past turned out, the paper starts by...
Persistent link: https://www.econbiz.de/10012476594
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Financial Frictions and the Persistence of History : A Quantitative Exploration
Buera, Francisco J. - 2010
We quantify the role of financial frictions and the initial misallocation of resources in explaining development dynamics. Following a reform that triggers efficient reallocation of resources, our model economy with financial frictions converges slowly to the new steady state--it takes twice as...
Persistent link: https://www.econbiz.de/10012462256
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The Monetary and Fiscal History of Brazil, 1960-2016
Ayres, Joao - 2019
Brazil has had a long period of high inflation. It peaked around 100 percent per year in 1964, decreased until the first oil shock (1973), but accelerated again afterward, reaching levels above 100 percent on average between 1980 and 1994. This last period coincided with severe balance of...
Persistent link: https://www.econbiz.de/10012479377
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The Monetary and Fiscal History of Bolivia, 1960–2017
Kehoe, Timothy J. - 2019
After the economic reforms that followed the National Revolution of the 1950s, Bolivia seemed positioned for sustained growth. Indeed, it achieved unprecedented growth from 1960 to 1977. The rapid accumulation of debt due to persistent deficits and a fixed exchange rate policy during the 1970s...
Persistent link: https://www.econbiz.de/10012479478
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The Struggle Towards Macroeconomic Stability : Analytical Essay
Razin, Assaf - 2019
This essay offers an economic-history perspective of the long struggle towards macroeconomic stability. The paper is a broad analytical overview of major exogenous shocks and shifts in macroeconomic policy and institutions in Israel since the 1977-1985 great inflation through the global...
Persistent link: https://www.econbiz.de/10012479766
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Life Satisfaction and Quality of Development
Helliwell, John F. - 2008
This paper argues that measures of life satisfaction, now being collected annually by the Gallup World Poll in more than 130 countries, permit a much broader view of the quality and consequences of development than other common measures. While these data show the importance of conventionally...
Persistent link: https://www.econbiz.de/10012464140
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Searching for Prosperity
Kremer, Michael - 2001
Quah's [1993a] transition matrix analysis of world income distribution based on annual data suggests an ergodic distribution with twin peaks at the rich and poor end of the distribution. Since the ergodic distribution is a highly non-linear function of the underlying transition matrix estimated...
Persistent link: https://www.econbiz.de/10012470474
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Israel and the 1990-2015 Global Developments : Riding with the Global Flows and Weathering the Storms
Razin, Assaf - 2016
the US, and the contagion of the financial crisis to Europe; and (4) The rise of East Asia high-growth economies …
Persistent link: https://www.econbiz.de/10012456112
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The Emergence of Weak, Despotic and Inclusive States
Acemoglu, Daron; Robinson, James A. - 2017
Societies under similar geographic and economic conditions and subject to similar external influences nonetheless develop very different types of states. At one extreme are weak states with little capacity and ability to regulate economic or social relations. At the other are despotic states...
Persistent link: https://www.econbiz.de/10012455025