Can we relate economic performance to policy unambiguously?: Lessons from the experiences of Latin America, East Asia, China and India
Economic policies influence the economic performance of a country. Policymakers are often trying to form the types of policies which countries should adopt in order to develop. But what types of policies is a question arises always. What is the role of policy in economic performance? This paper is an attempt to check whether we can infer about policy on the basis of economic performance. By analyzing the experiences of Latin America, East Asia, China and India we found that there is no unique universal policy which is consistent in all situations. Success of a particular policy not only lies on the policy taken but also on the characteristics of the country and its institutional background. The study reaches the conclusion that economic performance cannot be unambiguously related to Policies.
|Date of creation:||06 Apr 2011|
|Date of revision:||27 Sep 2013|
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"Good policy or good luck?: Country growth performance and temporary shocks,"
Journal of Monetary Economics,
Elsevier, vol. 32(3), pages 459-483, December.
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- 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, Oxford University Press, vol. 114(1), pages 83-116.
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