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Exchange Rates in Emerging Countries : Eleven Empirical Regularities from Latin America and East Asia

Edwards, Sebastian - 2011

In this paper I discuss some of the most important lessons on exchange rate policies in emerging markets during the last 35 years. The analysis is undertaken from the perspective of both the Latin American and East Asian nations. Some of the topics addressed include: the relationship between...

Persistent link: https://www.econbiz.de/10012461584

Was It Prices, Productivity or Policy? The Timing and Pace of Latin American Industrialization after 1870

Galvarriato, Aurora Gómez - 2008

Brazil, Mexico and a few other Latin American republics enjoyed faster industrialization after 1870 than did the rest … the secular rise in the net barter terms of trade which reversed de-industrialization forces, thus favoring manufacturing … contributed most to industrialization among the Latin American leaders, long before their mid 20th century adoption of ISI …

Persistent link: https://www.econbiz.de/10012464656

Financial Development and the Composition of Industrial Growth

Fisman, Raymond - 2003

We re-examine the role of financial market development in the intersectoral allocation of resources. Specifically, we propose the use of a new methodology that looks at the co-movement in growth rates across pairs of countries to examine the role of financial development in allowing firms to...

Persistent link: https://www.econbiz.de/10012469127

Knowledge, Human Capital and Economic Development : Evidence from the British Industrial Revolution, 1750-1930

Khan, B. Zorina - 2015

of early British industrialization supports the thesis that economic advances depend on specialized scientific training … British industrialization, by assessing the backgrounds, education and inventive activity of the major contributors to …

Persistent link: https://www.econbiz.de/10012457813

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...

Persistent link: https://www.econbiz.de/10012461848

Financial Development and Output Growth in Developing Asia and Latin America : A Comparative Sectoral Analysis

Aizenman, Joshua - 2015

We use data from the Groningen Growth and Development Centre (GGDC) database to perform preliminary empirical analysis of the interplay between quality and quantity of finance in accounting for the output growth of ten sectors. We review the existing literature and some salient open questions...

Persistent link: https://www.econbiz.de/10012457749

FORTY YEARS OF LATIN AMERICA'S ECONOMIC DEVELOPMENT : From the Alliance for Progress to the Washington Consensus

Edwards, Sebastian - 2009

In this paper I analyze the evolution of economic and social conditions in Latin America from the 1950s through the 1980s, when deep external crises erupted in country after country. The point of departure of our story is the political awakening of the region in the late 1950s and early 1960s...

Persistent link: https://www.econbiz.de/10012463459

Schooling, Cognitive Skills, and the Latin American Growth Puzzle

Hanushek, Eric A. - 2009

Economic development in Latin America has trailed most other world regions over the past four decades despite its relatively high initial development and school attainment levels. This puzzle can be resolved by considering the actual learning as expressed in tests of cognitive skills, on which...

Persistent link: https://www.econbiz.de/10012463583

Lost Decades : Lessons from Post-Independence Latin America for Today's Africa

Bates, Robert H. - 2006

Africa and Latin America secured their independence from European colonial rule a century and half apart: most of Latin America after 1820 and most of Africa after 1960. Despite the distance in time and space, they share important similarities. In each case independence was followed by political...

Persistent link: https://www.econbiz.de/10012466051

On the Costs of Inward-Looking Development : Historical Perspectives on Price Distortions, Growth, and Divergence in Latin American from 1930s - 1980s

Taylor, Alan M. - 1996

From the 1930s to the 1980s, economic policies in Latin America epitomized the inward-looking model of development. The model emerged in the Depression, and was later codified in unorthodox economic theories. Even though economic performance was seen as disappointing by the 1960s, the...

Persistent link: https://www.econbiz.de/10012473432