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Are crises good for long-term growth? The role of political institutions

Cavallo, Alberto F.; Cavallo, Eduardo A. - 2008

This paper provides empirical evidence for the importance of institutions in determining the outcome of crises on long-term growth. Once unobserved country-specific effects and other sources of endogeneity are accounted for, political institutions affect growth through their interaction with...

Persistent link: https://www.econbiz.de/10010278293

Political economy of growth regimes in Poland and Turkey

Akcay, Ümit; Jungmann, Benjamin - 2022

In this paper, we aim to contribute to the recently growing body of political economy literature on growth regimes. Theoretically, we apply the demand and growth regime approach developed within post-Keynesian macroeconomics. This is complemented by a critical comparative political economy...

Persistent link: https://www.econbiz.de/10013412264

Growth models, power blocs and authoritarianisms in Turkey and Egypt in the 21st century

Güngen, Ali Rıza; Akçay, Ümit - 2023

Analysis of the growth patterns in the global South in the 21st century suggests there is room for authoritarian states to search for new growth models. Authoritarian states, such as Turkey and Egypt, benefited from global financial circumstances in the early 21st century and opted for new...

Persistent link: https://www.econbiz.de/10014000494

Slowdown in emerging markets: Rough patch or prolonged weakness?

Didier, Tatiana; Kose, M. Ayhan; Ohnsorge, Franziska; … - 2015

Emerging markets (EM) face their fifth consecutive year of slowing growth and a possibly longer period of sluggish performance than previously thought. This paper presents a comprehensive analysis of the nature of and the appropriate policy responses to the growth slowdown in EM. It reports...

Persistent link: https://www.econbiz.de/10011696297

Structural development accounting

Gancia, Gino; Müller, Andreas; Zilibotti, Fabrizio - 2011

We construct and estimate a unified model combining three of the main sources of cross-country income disparities: differences in factor endowments, barriers to technology adoption and the inappropriateness of frontier technologies to local conditions. The key components are different types of...

Persistent link: https://www.econbiz.de/10010316866

The Effect of Elections on Economic Growth: Results from a Natural Experiment in Indonesia

Moricz, Sara; Sjöholm, Fredrik - 2014

Does democracy increase economic growth? Previous literature tends to find a positive effect but does also suffer from …

Persistent link: https://www.econbiz.de/10013208683

Cultural assimilation, cultural diffusion and the origin of the wealth of nations

Ashraf, Quamrul; Galor, Oded - 2007

This research argues that variations in the interplay between cultural assimilation and cultural diffusion have played a significant role in giving rise to differential patterns of economic development across the globe. Societies that were geographically less vulnerable to cultural diffusion,...

Persistent link: https://www.econbiz.de/10010318954

Cultural diversity, geographical isolation, and the origin of the wealth of nations

Ashrafy, Quamrul; Galorz, Oded - 2011

Persistent link: https://www.econbiz.de/10010284033

Hobbes and the political economy of power

Wittman, Donald - 2006

This paper evaluates the sustainability of large current account imbalances in the era when the Chinese GDP growth rate and current account/GDP exceed 10%. We investigate the size distribution and the durability of current account deficits during 1966-2005, and report the results of a simulation...

Persistent link: https://www.econbiz.de/10010322714

Impact of macro-economic environment on diversification-performance relationship: A cross country study of India and Japan

Purkayastha, Saptarshi - 2013

relationships between product diversification, business group affiliation and firm performance in two major economies in Asia. India … Rumelt (1974) implicitly assumed that the diversification-performance relationship is consistent, regardless of the macro … macroeconomic environments. Further, studies linking diversification with firm performance have been carried out mainly in …

Persistent link: https://www.econbiz.de/10011807671

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