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Industrial Catching Up in the Poor Periphery 1870-1975
Williamson, Jeffrey G. - 2011
This paper documents industrial output and labor productivity growth around the poor periphery 1870-1975 (Latin America …, the European periphery, the Middle East, South Asia, Southeast Asia and East Asia). Intensive and extensive industrial … growth accelerated there over this critical century. The precocious poor periphery leaders underwent a surge and more poor …
Persistent link: https://www.econbiz.de/10013129186
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Takeoffs
Aizenman, Joshua - 2007
stagnation. We examine a panel of 241 quot;stagnation episodesquot; from 146 countries, 54 % of these episodes are followed by … takeoffs. Countries that experience takeoffs average 2.3% annual growth following their stagnation episodes, while those that …
Persistent link: https://www.econbiz.de/10012776960
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Growing, Shrinking, and Long Run Economic Performance : Historical Perspectives on Economic Development
Broadberry, Stephen N. - 2017
Using annual data from the thirteenth century to the present, we show that improved long run economic performance has occurred primarily through a decline in the rate and frequency of shrinking, rather than through an increase in the rate of growing. Indeed, as economic performance has improved...
Persistent link: https://www.econbiz.de/10012957987
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The Impact of the Terms of Trade on Economic Development in the Periphery, 1870-1939 : Volatility and Secular Change
Blattman, Christopher; Hwang, Jason; Williamson, Jeffrey G. - 2021
Most countries in the periphery specialized in the export of just a handful of primary products for most of their …. Additionally, both effects were asymmetric between Core and Periphery, findings that speak directly to the terms of trade debates …
Persistent link: https://www.econbiz.de/10013222998
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The Spread of Manufacturing to the Poor Periphery 1870---2007
Bénétrix, Agustín S. - 2012
This paper documents industrial output growth around the poor periphery (Latin America, the European periphery, the …
Persistent link: https://www.econbiz.de/10013103787
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Climate Change and Economic Growth : Evidence from the Last Half Century
Dell, Melissa - 2014
This paper uses annual variation in temperature and precipitation over the past 50 years to examine the impact of climatic changes on economic activity throughout the world. We find three primary results. First, higher temperatures substantially reduce economic growth in poor countries but have...
Persistent link: https://www.econbiz.de/10012751447
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A Decade of Debt
Reinhart, Carmen M. - 2011
This paper presents evidence that public debts in the advanced economies have surged in recent years to levels not recorded since the end of World War II, surpassing the heights reached during the First World War and the Great Depression. At the same time, private debt levels, particularly those...
Persistent link: https://www.econbiz.de/10013129128
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Crises and Recoveries in an Empirical Model of Consumption Disasters
Nakamura, Emi - 2013
We estimate an empirical model of consumption disasters using a new panel data set on personal consumer expenditure for 24 countries and more than 100 years, and study its implications for asset prices. The model allows for permanent and transitory effects of disasters that unfold over multiple...
Persistent link: https://www.econbiz.de/10013094829
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Recovery from Financial Crises : Evidence from 100 Episodes
Reinhart, Carmen - 2014
We examine the evolution of real per capita GDP around 100 systemic banking crises. Part of the costs of these crises owes to the protracted nature of recovery. On average, it takes about eight years to reach the pre-crisis level of income; the median is about 6 1⁄2 years. Five to six years...
Persistent link: https://www.econbiz.de/10013060679
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The Positive Link between Financial Liberalization, Growth and Crises
Tornell, Aaron; Westermann, Frank; Martinez Trigueros, … - 2021
There is no agreement regarding the growth-enhancing effects of financial liberalization, mainly because it is associated with risky international bank flows, lending booms, and crises. In this paper we make the case for liberalization despite the occurrence of crises. We show that in developing...
Persistent link: https://www.econbiz.de/10013247018