| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w26318 |
| 来源ID | Working Paper 26318 |
| In Search of Reforms for Growth: New Stylized Facts on Policy and Growth Outcomes | |
| William Easterly | |
| 发表日期 | 2019-09-30 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | The lack of growth response to “Washington Consensus” policy reforms in the 1980s and 1990s led to widespread doubts about the value of such reforms. This paper updates these stylized facts by analyzing moderate to extreme levels of inflation, black market premiums, currency overvaluation, negative real interest rates and abnormally low trade shares to GDP. It finds three new stylized facts: (1) policy outcomes worldwide have improved a lot since the 1990s, (2) improvements in policy outcomes and improvements in growth across countries are correlated with each other (3) growth has been good after reform in Africa and Latin America, in contrast to the “lost decades” of the 80s and 90s. This paper makes no claims about causality. However, if the old stylized facts on disappointing growth accompanying reforms led to doubts about economic reforms, new stylized facts should lead to some positive updating of such beliefs. |
| 主题 | Development and Growth ; Development ; Growth and Productivity |
| URL | https://www.nber.org/papers/w26318 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/583990 |
| 推荐引用方式 GB/T 7714 | William Easterly. In Search of Reforms for Growth: New Stylized Facts on Policy and Growth Outcomes. 2019. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w26318.pdf（893KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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