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law are both good for economic performance, but the latter has a much stronger impact on incomes. Openness (trade/GDP) has …
Persistent link: https://www.econbiz.de/10005019415
We estimate the respective contributions of institutions, geography, and trade in determining income levels around the … world, using recently developed instruments for institutions and trade. Our results indicate that the quality of … institutions are controlled for, trade is almost always insignificant, and often enters the income equation with the 'wrong' (i …
Persistent link: https://www.econbiz.de/10005667122
developing countries, which have the potential of encouraging modern tradable activities without spilling over into trade …
Persistent link: https://www.econbiz.de/10008566323
Persistent link: https://www.econbiz.de/10011696467
We consider a model of policy choice in which appropriate policies depend on a country's own circumstances, but the presence of a successful leader generates an informational externality and results in too little "policy experimentation." Corrupt governments are reined in while honest...
Persistent link: https://www.econbiz.de/10014062610
We consider a model of policy choice in which appropriate policies depend on a country’s own circumstances, but the presence of a successful leader generates an informational externality and results in too little ‘policy experimentation’. Corrupt governments are reined in while honest...
Persistent link: https://www.econbiz.de/10005136734
Persistent link: https://www.econbiz.de/10005056418
's conclusions and recommendations, relating to trade and industrial strategy in particular, have to be discounted heavily. …
Persistent link: https://www.econbiz.de/10005666652
This paper argues that domestic social conflicts are a key to understanding why growth rates lack persistence and why so many countries have experienced a growth collapse after the mid-1970s. It emphasizes, in particular, the manner in which social conflicts interact with external shocks on the...
Persistent link: https://www.econbiz.de/10005791496
environment, fiscal stimulus, trade liberalization, internal liberalization, the green revolution, public investment – and find …
Persistent link: https://www.econbiz.de/10005661925