Economic Reform and Economic Performance: Evidence from 20 Developing Countries
AbstractDo adjustment policies assist or retard growth? This paper presents data on economic performance (aggregate and sectoral growth, inflation, investment and external account) for 20 countries. The data are classified on an annual basis according to the country’s policy stance in that year: controlled economy, partially or fully liberalised. This approach allows both control-group and before-versus-after analyses which are combined with a review of growth regressions and an analysis of case study material on adjustment. The evidence suggests three hypotheses. First, countries with controlled economies have performed badly compared with those which have moved towards greater market orientation. Second, economic performance does not differ greatly between fully-fledged market economies and partially liberalised ones: partly because several countries have pursued liberalisation with no improvement in performance. Third, given that there is little difference in manufacturing and agricultural growth between full and partial liberalisers yet overall growth is more rapid for the former, the additional growth must be in the service sector. These hypotheses suggest that the balance between state and market should be tilted more toward the state than is currently supported by international development agencies.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 6594.
Date of creation: 2000
Date of revision:
Publication status: Published in European Journal of Development Research 2.13(2001): pp. 120-143
economic reform; economic peformance; structural adjustment; macroeconomic policy; inflation; growth; developing countries;
Find related papers by JEL classification:
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
- O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Pramila Krishnan & Tesfaye Gebre Selassie & Stefan Dercon, 1998.
"The Urban Labour Market During Structural Adjustment: Ethiopia 1990-1997,"
Center for Economic Studies - Discussion papers
ces9817, Katholieke Universiteit Leuven, Centrum voor Economische Studiën.
- Pramila Krishnan & Tesfaye Gebre Selassie & Stefan Dercon, 1998. "The urban labour market during structural adjustment: Ethiopia 1990-1997," CSAE Working Paper Series 1998-09, Centre for the Study of African Economies, University of Oxford.
- Pramila Krishnan & Stefan Dercon, 1998. "The urban labour market during structural adjustment: Ethiopia 1990-1997," Economics Series Working Papers WPS/1998-09, University of Oxford, Department of Economics.
- Robert Lensink & Howard White, 2000. "Assessing Aid: A Manifesto for Aid in the 21st Century?," Oxford Development Studies, Taylor & Francis Journals, vol. 28(1), pages 5-18.
- Otani, Ichiro & Villanueva, Delano, 1990. "Long-term growth in developing countries and its determinants: An empirical analysis," World Development, Elsevier, vol. 18(6), pages 769-783, June.
- Scrieciu, S. Serban, 2007. "Can economic causes of tropical deforestation be identified at a global level?," Ecological Economics, Elsevier, vol. 62(3-4), pages 603-612, May.
- Vadlamannati, Krishna Chaitanya, 2008. "Do Choice & Speed Of Reforms Matter For Human Rights During Transition?," MPRA Paper 10141, University Library of Munich, Germany.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ekkehart Schlicht).
If references are entirely missing, you can add them using this form.