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Beyond Reforms : Structural Dynamics and Macroeconomic Vulnerability

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  • José Antonio Ocampo
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    Abstract

    The book is organized in two parts. The first part looks at issues of long-term growth and development patterns, and the second part focuses on issues of macroeconomic vulnerability and its social effects. Chapter 1, looks at the determinants of dynamic efficiency in developing countries, which is seen as the result of two basic processes. Chapter 2, looks at the same issue from a slightly different angle: the combined effect of the technological gap relative to developed countries and the propensity to import. Chapter 3, takes as its starting point the inverted-U pattern followed by the share of manufacturing in total employment as a result of the process of structural change generated by increases in per capita income. Chapter 4, analyzes the social effects of structural reforms. Chapter 5, considers the determinants of business cycles. Chapter 6 explores a case of destabilization. Chapter 7, discusses debt sustainability issues; and the last chapter, deals with divergence and growth collapses, and serves to tie together the issues analyzed in both parts of the book.

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    Bibliographic Info

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    This book is provided by The World Bank in its series World Bank Publications with number 7378 and published in 2005.

    ISBN: 0-8213-5819-7
    Handle: RePEc:wbk:wbpubs:7378

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    Related research

    Keywords: Macroeconomics and Economic Growth - Economic Growth International Economics and Trade - Globalization and Financial Integration Macroeconomics and Economic Growth - Commodities International Economics and Trade - Trade Policy;

    References

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    1. Alberto F. Ades & Edward L. Glaeser, 1999. "Evidence On Growth, Increasing Returns, And The Extent Of The Market," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 114(3), pages 1025-1045, August.
    2. Rodrik, Dani, 1999. " Where Did All the Growth Go? External Shocks, Social Conflict, and Growth Collapses," Journal of Economic Growth, Springer, Springer, vol. 4(4), pages 385-412, December.
    3. Galor, Oded & Zeira, Joseph, 1988. "Income Distribution and Macroeconomics," MPRA Paper, University Library of Munich, Germany 51644, University Library of Munich, Germany, revised 01 Sep 1989.
    4. Islam, Nazrul, 1995. "Growth Empirics: A Panel Data Approach," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 110(4), pages 1127-70, November.
    5. Sergio T. Rebelo, 1990. "Long Run Policy Analysis and Long Run Growth," NBER Working Papers, National Bureau of Economic Research, Inc 3325, National Bureau of Economic Research, Inc.
    6. Alesina, Alberto & Rodrik, Dani, 1994. "Distributive Politics and Economic Growth," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 109(2), pages 465-90, May.
    7. Robert E. Hall & Charles I. Jones, 1999. "Why Do Some Countries Produce So Much More Output Per Worker Than Others?," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 114(1), pages 83-116, February.
    8. L. Wade, 1988. "Review," Public Choice, Springer, Springer, vol. 58(1), pages 99-100, July.
    9. Alesina, Alberto & Perotti, Roberto, 1994. "The Political Economy of Growth: A Critical Survey of the Recent Literature," World Bank Economic Review, World Bank Group, World Bank Group, vol. 8(3), pages 351-71, September.
    10. Quah, Danny, 1993. "Galton's Fallacy and Tests of the Convergence Hypothesis," CEPR Discussion Papers, C.E.P.R. Discussion Papers 820, C.E.P.R. Discussion Papers.
    11. V. V. Chari & Patrick J. Kehoe & Ellen R. McGrattan, 1997. "The poverty of nations: a quantitative exploration," Staff Report, Federal Reserve Bank of Minneapolis 204, Federal Reserve Bank of Minneapolis.
    12. Robert J. Barro, 1999. "Inequality, Growth, and Investment," NBER Working Papers, National Bureau of Economic Research, Inc 7038, National Bureau of Economic Research, Inc.
    13. N. Gregory Mankiw & David Romer & David N. Weil, 1990. "A Contribution to the Empirics of Economic Growth," NBER Working Papers, National Bureau of Economic Research, Inc 3541, National Bureau of Economic Research, Inc.
    14. Levine, Ross & Renelt, David, 1991. "A sensitivity analysis of cross-country growth regressions," Policy Research Working Paper Series, The World Bank 609, The World Bank.
    15. Birdsall, Nancy & Ross, David & Sabot, Richard, 1995. "Inequality and Growth Reconsidered: Lessons from East Asia," World Bank Economic Review, World Bank Group, World Bank Group, vol. 9(3), pages 477-508, September.
    16. Klenow, Peter J. & Rodriguez-Clare, Andres, 1997. "Economic growth: A review essay," Journal of Monetary Economics, Elsevier, Elsevier, vol. 40(3), pages 597-617, December.
    17. Kevin M. Murphy & Andrei Shleifer & Robert Vishny, 1988. "Income Distribution, Market Size, and Industrialization," NBER Working Papers, National Bureau of Economic Research, Inc 2709, National Bureau of Economic Research, Inc.
    18. Corden, W Max & Neary, J Peter, 1982. "Booming Sector and De-Industrialisation in a Small Open Economy," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 92(368), pages 825-48, December.
    19. Rodriguez, Francisco & Sachs, Jeffrey D, 1999. " Why Do Resource-Abundant Economies Grow More Slowly?," Journal of Economic Growth, Springer, Springer, vol. 4(3), pages 277-303, September.
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    Cited by:
    1. José Gabriel Palma, 2014. "Latin America's socail imagination since 1950. From one type of ‘absolute certainties’ to another — with no (far more creative)‘uncomfortable uncertainties’ in sight," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge 1416, Faculty of Economics, University of Cambridge.
    2. Barbier, Edward B., 2013. "Structural change, dualism and economic development : the role of the vulnerable poor on marginal lands," Policy Research Working Paper Series, The World Bank 6456, The World Bank.

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