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Institutions and Development: A View from Below AgEcon
Pande, Rohini; Udry, Christopher R..
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 cross-country regression evidence. This has provided compelling evidence for a causal link between a cluster of ‘good’ institutions and more rapid long run growth. However, an inability to disentangle the effects of specific institutional channels on growth or to understand the impact of institutional change on growth will limit further progress using a cross-country empirical strategy. We suggest two research programs based on micro-data that have significant potential....
Tipo: Working or Discussion Paper Palavras-chave: Institutions; Growth; Cross-country regressions; Institutional and Behavioral Economics; International Development; O11; O12; O17; P51.
Ano: 2005 URL: http://purl.umn.edu/28468
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Outward-Orientation and Development: Are Revisionists Right? AgEcon
Srinivasan, T.N.; Bhagwati, Jagdish.
The costs of import substitution (IS) as a strategy for industrialization, which was deemed synonymous with economic development by many development economists of the fifties and sixties, were shown to be substantial in the influential and nuanced studies of the seventies and eighties under the auspices of OECD, NBER and World Bank. These studies played a critical role in shifting policies in several developing countries away from the IS strategy. Recently there has been a proliferation of cross country regressions as a methodology of analysis of issues relating to growth, trade and other issues. Both proponents (e.g. Sachs and Warner (1995)) and opponents (Rodriguez and Rodrik (1999)) of the view that openness to trade is linked to higher growth have...
Tipo: Working or Discussion Paper Palavras-chave: Developing countries; Economic development; Economic growth; International trade; Openness; Import substitution; Export promotion; Cross-country regressions; International Development; E13; F11; F14; F43; 041; 057.
Ano: 1999 URL: http://purl.umn.edu/28476
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