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¿Son Buenas las Crisis para el Crecimiento a Largo Plazo? El Papel de las Instituciones Políticas

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Listed:
  • Eduardo A. Cavallo

  • Alberto Cavallo

Abstract

Este artículo ofrece evidencia empírica de la importancia que tienen las instituciones en determinar el resultado de las crisis sobre el crecimiento a largo plazo. Una vez que se explican los efectos no observados específicos del país y otras fuentes de endogeneidad, las instituciones políticas afectan el crecimiento mediante su interacción con las crisis. Los resultados sugieren que sólo los países con una democracia sólida, altos niveles de competencia política yrestricciones externassobre elgobierno pueden potencialmente beneficiarse con las crisis y utilizarlas como una oportunidad para mejorarsu producción per capita a largo plazo y el crecimiento productivo.

Suggested Citation

  • Eduardo A. Cavallo & Alberto Cavallo, 2008. "¿Son Buenas las Crisis para el Crecimiento a Largo Plazo? El Papel de las Instituciones Políticas," Research Department Publications 4590, Inter-American Development Bank, Research Department.
    • Handle: RePEc:idb:wpaper:4590
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    3. Doner, Richard, 2012. "Success as Trap? Crisis Response And Challenges To Economic Upgrading in Export-Oriented Southeast Asia," Working Papers 45, JICA Research Institute.

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    More about this item

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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