Journal ArticleDOI
The Washington consensus works: Causal effects of reform, 1970-2015
Kevin B. Grier,Robin Grier +1 more
TLDR
This article identified 49 cases of generalized reform in a dataset that spans 141 countries from 1970 to 2015 and found that the average treatment effect associated with these reforms is positive, sizeable, and significant over 5-and 10-year windows.About:
This article is published in Journal of Comparative Economics.The article was published on 2021-03-01. It has received 41 citations till now. The article focuses on the topics: Index of Economic Freedom & Washington Consensus.read more
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Property and Contract Rights in Autocracies and Democracies
TL;DR: In this paper, the authors present and test empirically a new theory of property and contract rights and show that the age of a democratic system is strongly correlated with the protection of these rights.
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Economic Growth in Sub-Saharan Africa, 1885-2008
Stephen Broadberry,Leigh Gardner +1 more
TL;DR: The authors provided estimates of GDP per capita on an annual basis for eight African economies for the period since 1885, and found that despite the growth experienced in most of SSA since the mid-1990s has had historical precedents, there have also been episodes of negative growth or "shrinking", so that long run progress has been limited.
Journal ArticleDOI
Does Constitutional Entrenchment Matter for Economic Freedom
Justin T Callais,Andrew T. Young +1 more
TL;DR: In this paper, the authors investigate the extent to which constitutions are more costly to change than ordinary policies and institutions, and construct plausible counterfactuals against which to compare their post-treatment changes in economic freedom.
Journal ArticleDOI
The Baker Hypothesis: Stabilization, Structural Reforms, and Economic Growth
TL;DR: A country-specific, time-series assessment of the reform process reveals three clear facts as discussed by the authors : the average growth rate of real GDP in emerging and developing economies is 2.6 percentage points higher than in the prior ten-year period.
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Does constitutional entrenchment matter for economic freedom
Justin T Callais,Andrew T. Young +1 more
TL;DR: The authors used matching methods to construct plausible counterfactuals against which to compare their post-treatment changes in economic freedom and found that entrenchment leads to smaller government size, more regulation, and weaker property rights.
References
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Government spending in a simple model of endogenous growth
TL;DR: This article extended these models to include tax- financed government services that affect production or utility, and showed that growth and saving rates fall with an increase in utility-type expenditures; the two rates rise initially with productive government expenditures but subsequently decline.
Journal ArticleDOI
Matching As An Econometric Evaluation Estimator: Evidence from Evaluating a Job Training Programme
TL;DR: This paper decompose the conventional measure of evaluation bias into several components and find that bias due to selection on unobservables, commonly called selection bias in econometrics, is empirically less important than other components, although it is still a sizeable fraction of the estimated programme impact.
Journal ArticleDOI
Government Spending in a Simple Model of Endogenous Growth
TL;DR: In this article, tax-financed government services that affect production or utility are extended to include tax-supported government services, and the two rates rise initially with productive government expenditures but subsequently decline with an increase in utility-type expenditures.
Journal ArticleDOI
Matching As An Econometric Evaluation Estimator
TL;DR: In this article, a rigorous distribution theory for kernel-based matching is presented, and the method of matching is extended to more general conditions than the ones assumed in the statistical literature on the topic.
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Growth is Good for the Poor
David Dollar,Aart Kraay +1 more
TL;DR: Dollar and Kraay as mentioned in this paper found that the share of income accruing to the bottom quintile does not vary systematically with the average income, and that when average incomes rise, the average incomes of the poorest fifth of society rise proportionately.
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Causal Inference in Panel Data With Application to Estimating Race-of-Interviewer Effects in the General Social Survey:
Weihua An,Christopher Winship +1 more