In diesem Beitrag wird zunächst das Wirtschaftswachstum Lateinamerikas im Zeitraum 1950-2001 im internationalen Vergleich untersucht. Daran schließt sich eine Analyse der Industrie- und Handelspolitik, der makroökonomischen Stabilisierung und der institutionellen Entwicklung in den...

In this paper we argue the case for greater exploitation of synergies between research on specific institutions based on micro-data and the big questions posed by the institutions and growth literature. To date, the macroeconomic literature on institutions and growth has largely relied on...

The world is experiencing its worst recession in 80 years. What started as US sub-prime financial turmoil has developed into the first global recession since the infamous "Great Depression" of the early 1930s. However gloomy the perspectives for the very short term are, there will be a recovery...

The world is experiencing its worst recession in 80 years. What started as US sub-prime financial turmoil has developed into the first global recession since the infamous "Great Depression" of the early 1930s. However gloomy the perspectives for the very short term are, there will be a recovery...

In this paper we revisit the debate over the relative contribution of different types of institutions in economic growth. We find that the existing study (Acemoglu and Johnson 2005) linking property rights institutions and contracting institutions to long-run growth suffers from identification...

We estimate a finite mixture model in which countries are sorted into groups based on the similarity of the conditional distributions of their growth rates. We strongly reject the hypothesis that all countries follow a common growth process in favor of a model in which there are four classes of...

This paper first analyzes the comparative economic growth performance of Latin America in the period 1950-2001. Then it reviews industrial and trade policies, macroeconomic stabilization and institutional development in Latin American countries. In the final section the emerging approach to...

Development aid from the West may lead to adverse growth effects in the global South due to the neglected cultural context in the development framework. There is evidence that development agendas are mainly premised upon western thought and belief systems. Therefore, I hypothesize that the...

The world is experiencing its worst recession in 80 years. What started as US sub-prime financial turmoil has developed into the first global recession since the infamous 'Great Depression' of the early 1930s. However gloomy the perspectives for the very short term are, there will be a recovery...