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Closed Jaguar, Open Dragon : Comparing Tariffs in Latin America and Asia before World War II
Clemens, Michael A. - 2002
Despite an enormous literature that has analyzed the comparative experiences of Latin America and Asia in post … highest tariff barriers on earth before 1914; Asia had the lowest. Protected Latin America's belle ‚poque also boasted some of … the most explosive growth performance on earth, while Asia registered some of the worst. What brought the two regions to …
Persistent link: https://www.econbiz.de/10012469302
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Financial Development and Output Growth in Developing Asia and Latin America : A Comparative Sectoral Analysis
Aizenman, Joshua - 2015
economies for a comparison between two regions which are at similar income levels. We document large differences between the two …
Persistent link: https://www.econbiz.de/10012457749
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Two Tales of Adjustment : East Asian Lessons for European Growth
Chari, Anusha - 2014
be more different. Common wisdom has it that on impact Asia endured fiscal austerity imposed by the IMF whereas the IMF … different policies to begin with, the fiscal adjustment in Asia was far more modest than is commonly known and the switch from …
Persistent link: https://www.econbiz.de/10012458823
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International Differences in Fiscal Policy During the Global Crisis
Bénétrix, Agustín S. - 2010
We examine the cross-country dispersion in fiscal outcomes during 2007-2009. In principle, international differences in fiscal policy may be related to differences in optimal fiscal positions, funding constraints, political economy factors and fiscal control problems. We find that the decline in...
Persistent link: https://www.econbiz.de/10012462310
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Culture, Institutions and Social Equilibria : A Framework
Acemoglu, Daron; Robinson, James A. - National Bureau of Economic Research - 2021
This paper proposes a new framework for studying the interplay between culture and institutions. We follow the recent sociology literature and interpret culture as a \repertoire", which allows rich cultural responses to changes in the environment and shifts in political power. Specifically, we...
Persistent link: https://www.econbiz.de/10012533381
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Heterogeneous Paths of Industrialization
Huneeus, Federico - 2020
Industrialization experiences differ significantly across countries. We use a bench-mark model of structural change to shed light on the sources of this heterogeneity and, in particular, the phenomenon of premature deindustrialization. Our analysis leads to three key findings. First, benchmark...
Persistent link: https://www.econbiz.de/10012481434
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A Note on Long-Run Persistence of Public Health Outcomes in Pandemics
Lin, Peter Zhixian - 2020
Covid-19 is the single largest threat to global public health since the Spanish Influenza pandemic of 1918-20. Was the world better prepared in 2020 than it was in 1918? After a century of public health and basic science research, pandemic response and mortality outcomes should be better than in...
Persistent link: https://www.econbiz.de/10012481702
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Bond Markets as Conduits for Capital Flows : How Does Asia Compare?
Eichengreen, Barry - 2006
of financial integration or interrelatedness, asking how Asia compares with Europe and Latin America and with the base … head and shoulders above other regions in terms of financial integration. More interesting is that Asia already seems to …, and greater transparency that lead to larger and better developed financial systems in Asia, something that is conducive …
Persistent link: https://www.econbiz.de/10012466257
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Did the Malaysian Capital Controls Work?
Kaplan, Ethan - 2001
Malaysia recovered from the Asian financial crisis swiftly after the imposition of capital controls in September 1998. The fact that Korea and Thailand recovered in parallel has been interpreted as suggesting that capital controls did not play a significant role in facilitating Malaysia's...
Persistent link: https://www.econbiz.de/10012470587
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Lessons Unlearned? Corporate Debt in Emerging Markets
Alfaro, Laura - 2017
) attributed to corporate financial roots provide a benchmark for comparison. Firm-level data show that post-GFC, emerging market …
Persistent link: https://www.econbiz.de/10012455274