IDEAS home Printed from https://ideas.repec.org/b/wbk/wbpubs/20601.html
   My bibliography  Save this book

Puzzles of Economic Growth

Author

Listed:
  • Leszek Balcerowicz
  • Andrzej Rzonca

Abstract

Looking at the economic growth of seemingly similar countries one can find striking differences. Why has Australia gotten so much ahead of New Zealand, in spite of the latter being held up as a paragon of free market reform? How is it possible that Austria, with its persistently oversized state enterprise sector, has managed to (nearly) catch up with Switzerland? How can we account for the differences in economic growth between Estonia and Slovenia, and which of these two countries has been more successful at systemic transformation? Why is Mexico so much poorer than Spain, despite having been wealthier all the way into the 1960s? Why has Venezuela, which in 1950 had a per capita income higher than that of Norway and remains a major exporter of oil, slipped behind Chile? Why is Costa Rica lagging behind Puerto Rico, even though in the 1970s the U.S. territory's fast development slowed to a crawl and is now far below other comparable island economies? Why has 'communist' China outstripped 'capitalist' India? Why has Pakistan's growth lagged behind that of Indonesia, even though the latter suffered one of the deepest crises in world economic history in the years 1997-98? Why, even before the 2010 earthquake, the Dominican Republic has been visited by several dozen times more tourists than Haiti, despite being situated on the same island? This book strives to answer these (and many other) questions. They are all part of a broader question that we wish to address: how do differences in economic growth arise?

Suggested Citation

  • Leszek Balcerowicz & Andrzej Rzonca, 2015. "Puzzles of Economic Growth," World Bank Publications - Books, The World Bank Group, number 20601.
    • Handle: RePEc:wbk:wbpubs:20601
    as

    Download full text from publisher

    File URL: https://openknowledge.worldbank.org/bitstream/handle/10986/20601/928640PUB0978100Box385358B00PUBLIC0.pdf?sequence=1
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. 濱田, 美紀, 2003. "Transformation of the Financial Sector in Indonesia," IDE Research Papers 6, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    2. Hal Hill, 2000. "Indonesia: The Strange and Sudden Death of a Tiger Economy," Oxford Development Studies, Taylor & Francis Journals, vol. 28(2), pages 117-139.
    3. Pritchett, Lant & Sumarto, Sudarno & Suryahadi, Asep, 2001. "Targeted Programs in an Economic Crisis: Empirical Findings from Indonesia’s Experience," MPRA Paper 58727, University Library of Munich, Germany.
    4. Hill,Hal, 2000. "The Indonesian Economy," Cambridge Books, Cambridge University Press, number 9780521663670, September.
    5. Muhammad Arshad Khan & Abdul Qayyum & Saeed Ahmed Sheikh, 2005. "Financial Development and Economic Growth: The Case of Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 44(4), pages 819-837.
    6. Ahmed, Sadiq, 1994. "Explaining Pakistan's high growth performance over the past two decades : can it be sustained ?," Policy Research Working Paper Series 1341, The World Bank.
    7. Mr. Khaled Sakr, 1993. "Determinants of Private Investment in Pakistan," IMF Working Papers 1993/030, International Monetary Fund.
    8. anonymous, 1992. "Medicaid: fiscal ill or fiscal cure?," Fiscal Facts, Federal Reserve Bank of Boston, issue Spr.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Manolis Manioudis, 2022. "An Early Anticipation of Smart Growth? John Stuart Mill, Knowledge and the ‘East-West’ Distinction," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(3), pages 2164-2176, September.
    2. Piotr Ciżkowicz & Andrzej Rzońca, 2015. "Inflation Targeting and its Discontents: The Case of Poland," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 65(supplemen), pages 107-122, December.
    3. Fernanda Cimini & Jorge Britto & Leonardo Costa Ribeiro, 2020. "Complexity systems and middle-income trap: the long-term roots of Latin America underdevelopment [Sistemas complexos e armadilha da renda media: as raízes de longo prazo do subdesenvolvimento latino-a," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 30(spe), pages 1225-1256, December.
    4. Izabela Młynarzewska-Borowiec, 2021. "Does Implementation of the Smart Growth Priority Affect Per Capita Income of EU countries?—Empirical Analysis for the Period 2000–2017," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 12(3), pages 1345-1366, September.
    5. Mengüç, Işıl Tellalbaşı, 2021. "An Application for the Impact of the Agricultural Labor Force and Employment Structure on the Economic Growth in Turkey," OSF Preprints jsmdb, Center for Open Science.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sarah Xue Dong, 2021. "The effect of labour demand on women’s intra-household decision power: Evidence from Indonesia," Departmental Working Papers 2021-01, The Australian National University, Arndt-Corden Department of Economics.
    2. Howard Dick, 2008. "The 2008 Shipping Law: Deregulation Or Re-Regulation?," Bulletin of Indonesian Economic Studies, Taylor & Francis Journals, vol. 44(3), pages 383-406.
    3. Briones, Roehlano & Felipe, Jesus, 2013. "Agriculture and Structural Transformation in Developing Asia: Review and Outlook," ADB Economics Working Paper Series 363, Asian Development Bank.
    4. Mengüç, Işıl Tellalbaşı, 2021. "An Application for the Impact of the Agricultural Labor Force and Employment Structure on the Economic Growth in Turkey," OSF Preprints jsmdb, Center for Open Science.
    5. Kim, Kyunghoon & Sumner, Andy, 2021. "Bringing state-owned entities back into the industrial policy debate: The case of Indonesia," Structural Change and Economic Dynamics, Elsevier, vol. 59(C), pages 496-509.
    6. Basri, Muhammad Chatib, 2013. "A Tale of Two Crises: Indonesia’s Political Economy," Working Papers 57, JICA Research Institute.
    7. Ramstetter, Eric D., 2014. "Exporting, Education, and Wage Differentials between Foreign Multinationals and Local Plants in Indonesian and Malaysian Manufacturing," AGI Working Paper Series 2014-03, Asian Growth Research Institute.
    8. van der Eng, Pierre, 2014. "Mining and Indonesia’s Economy: Institutions and Value Adding, 1870-2010," CEI Working Paper Series 2014-5, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    9. Hal Hill & Donny Pasaribu, 2022. "Some reflections on Indonesia and the resource curse," Departmental Working Papers 2022-06, The Australian National University, Arndt-Corden Department of Economics.
    10. Hal Hill, 2018. "Asia's Third Giant: A Survey of the Indonesian Economy," The Economic Record, The Economic Society of Australia, vol. 94(307), pages 469-499, December.
    11. Mitsuhiko Kataoka, 2016. "Interprovincial efficiency differentials in Indonesia's pre-and post-crisis economy," ERSA conference papers ersa16p412, European Regional Science Association.
    12. Mitsuhiko Kataoka, 2018. "Inequality convergence in inefficiency and interprovincial income inequality in Indonesia for 1990–2010," Asia-Pacific Journal of Regional Science, Springer, vol. 2(2), pages 297-313, August.
    13. Wishnu Mahraddika, 2021. "How effective is capital flow management? The Indonesian experience," Departmental Working Papers 2021-15, The Australian National University, Arndt-Corden Department of Economics.
    14. Mitsuhiko Kataoka, 2015. "Interprovincial differences in the endowment and utilization in labour force by educational attainment in Indonesia's post-crisis economy," ERSA conference papers ersa15p878, European Regional Science Association.
    15. Rahmatina A. Kasri, 2011. "Time series evidence on education and economic growth in Indonesia," Economic Journal of Emerging Markets, Universitas Islam Indonesia, vol. 3(2), pages 109-123, April.
    16. Iman Harymawan & Brian Lam & Mohammad Nasih & Rumayya Rumayya, 2019. "Political Connections and Stock Price Crash Risk: Empirical Evidence from the Fall of Suharto," IJFS, MDPI, vol. 7(3), pages 1-16, September.
    17. Muhammad Cholifihani, 2008. "A Cointegration Analysis Of Public Debt Service And Gdp In Indonesia," IBT Journal of Business Studies (JBS), Ilma University, Faculty of Management Science, vol. 4(2), pages 4-1.
    18. M. Chatib Basri & Hal Hill, 2004. "Ideas, Interests and Oil Prices: The Political Economy of Trade Reform During Soeharto's Indonesia," The World Economy, Wiley Blackwell, vol. 27(5), pages 633-655, May.
    19. Artidiatun Adji & James Alm, 2016. "Testing for Ricardian Equivalence in Indonesia," Working Papers 1616, Tulane University, Department of Economics.
    20. Mansur, Alfan, 2015. "Identifying Shocks on the Economic Fluctuations in Indonesia and US: The Role of Oil Price Shocks in a Structural Vector Autoregression Model," MPRA Paper 94018, University Library of Munich, Germany, revised 09 Jun 2015.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wbk:wbpubs:20601. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tal Ayalon (email available below). General contact details of provider: https://edirc.repec.org/data/dvewbus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.