Books

image

Eclipse: Living in the
Shadow of China's
Economic Dominance

image

The India's Turn:
Understanding The
Economic Transformation

image

Greenprint: A New
Approach to Cooperation
on Climate Change

image

Who Needs to Open the
Capital Account?Who Needs to Open the Capital Account?

Filter by type:

Year:

Rank:

Institutions Rule: The Primacy of Institutions over Geography and Integration in Economic Development


Dani Rodrik, Arvind Subramanian, Francesco Trebbi
Journal of Economic Growth, 2013

Abstract

'We estimate the respective contributions of institutions, geography, and trade in determining income levels around the world, using recently developed instruments for institutions and trade. Our results indicate that the quality of institutions “trumps” everything else.'
READ MORE

Addressing the Natural Resource Curse : An Illustration From Nigeria


Xavier Sala-i-Martin, Arvind Subramanian
Journal of African Economies, 2013

Abstract

'Some natural resources—oil and minerals in particular—exert a negative and nonlinear impact on growth via their deleterious impact on institutional quality. We show this result to be very robust.'
READ MORE

Aid and manufacturing growth


Raghuram G. Rajan, Arvind Subramanian
Journal of Development Economics, 2008

Abstract

'We examine the effects of aid on the growth of manufacturing, using a methodology that exploits the variation within countries and across manufacturing, and corrects for possible reverse causality. '
READ MORE

The Natural Resource Curse: An Illustration from Nigeria


Xavier Sala-i-Martin, Arvind Subramanian
Journal of African Economies, 2003

Abstract

'Some natural resources—oil and minerals in particular—exert a negative and nonlinear impact on growth via their deleterious impact on institutional quality. We show this result to be very robust. The Nigerian experience provides telling confirmation of this aspect of natural resources. '
READ MORE

Why Did Financial Globalization Disappoint?


Dani Rodrik, Arvind Subramanian
IMF Staff Papers, 2009

Abstract

'The stylized fact that there is no correlation between long-run economic growth and financial globalization has spawned a recent literature that purports to provide newer evidence and arguments in favor of financial globalization. We review this literature and find it unconvincing.'
READ MORE

Is Newer Better? Penn World Table Revisions and Their Impact on Growth Estimates


Arvind Subramanian , Simon Johnson, Will Larson, Chris Papageorgiou
Journal of Monetary Economics, 2010

Abstract

'This paper sheds light on two problems in the Penn World Table (PWT) GDP estimates. First, we show that these estimates vary substantially across different versions of the PWT despite being derived from very similar underlying data and using almost identical methodologies'
READ MORE

The Renminbi Bloc Is Here: Asia Down, Rest of the World to Go?


Arvind Subramanian, Martin Kessler
Journal of Globalization and Development, 2013

Abstract

'A country’s rise to economic dominance tends to be accompanied by its currency becoming a reference point, with other currencies tracking it implicitly or explicitly. For a sample comprising emerging-market economies, we show that in the last three years'
READ MORE

The Inevitable Superpower: Why China's Dominance Is a Sure Thing


John Williamson, Arvind Subramanian
Foreign Affairs, 2011

Abstract

'ARVIND SUBRAMANIAN is a Senior Fellow at the Peterson Institute for International Economics [1] and at the Center for Global Development [2]. This article is adapted from his forthcoming book Eclipse: Living in the Shadow of China’s Economic Dominance [3] (Peterson Institute for International Economics, 2011). © Peterson Institute for International Economics'
READ MORE

Does Aid Affect Governance?


Raghuram Rajan, Arvind Subramanian
American Economic review, 2007

Abstract

'Why is there little robust evidence that foreign aid significantly enhances the economic growth of poor countries? For a while it appeared that we had learnt the answer; aid is frittered away by some recipient countries through corruption and mismanagement. '
READ MORE

Foreign Capital and Economic Development


Eswar S. Prasad, Raghuram G. Rajan, Arvind Subramanian
National Bureau of Economic Research, 2007

Abstract

'We document the recent phenomenon of “uphill” flows of capital from nonindustrial to industrial countries and analyze whether this pattern of capital flows has hurt growth in nonindustrial economies that export capital. Surprisingly, we find that there is a positive correlation between current account balances and growth among nonindustrial countries, implying that a reduced reliance on foreign capital is associated with higher growth. '
READ MORE

Reconciling Climate Change and Trade Policy


Aaditya Mattoo, Arvind Subramanian, Dominique van der Mensbrugghe, Jianwu He
The World Bank, 2013

Abstract

'There is growing clamor in industrial countries for additional border taxes on imports from countries with lower carbon prices. A key factor affecting the impact of these taxes is whether they are based on the carbon content of imports or the carbon content in domestic production. '
READ MORE

The Africa Growth and Opportunity Act and Its Rules of Origin: Generosity Undermined?


Aaditya Mattoo, Devesh Roy, Arvind Subramanian
The World Bank, 2002

Abstract

'This paper describes the United States recently enacted Africa Growth and Opportunity Act (AGOA) and assesses its quantitative impact on African exports. The AGOA expands the scope of preferential access of Africa's exports to the United States in key areas such as clothing'
READ MORE

Putting Some Numbers on the TRIPS Pharmaceutical Debate


Arvind Subramanian
International Journal of Technology Management, 1994

Abstract

'Despite its growing status as an ‘emerging’ power, perceptions of India’s current and future role in multilateral organizations continue to be overshadowed by its reputation for blocking rather than supporting progress in multilateral negotiations on grounds of national sovereignty and Third Worldism. '
READ MORE

Versailles Redux? Eurozone Competitiveness in a Dynamic Balassa-Samuelson-Penn Framework


Kevin Stahler, Arvind Subramanian
Journal of Globalization and Development, 2014

Abstract

'Prima facie, competitiveness adjustments in the eurozone, based on unit labor cost developments, appear sensible and in line with what the economic analyst might have predicted and the economic doctor might have ordered.'
READ MORE

Who Can Explain The Mauritian Miracle: Meade, Romer, Sachs, or Rodrik?


Arvind Subramanian, Devesh Roy
African Department, 2001

Abstract

'This paper examines different explanations—initial conditions, openness to trade and FDI, and institutions—of the Mauritian growth experience since the mid-1970s. We show that arguments based on openness to trade and FDI are either misleading or incomplete, and the transmission mechanism insufficiently identified. '
READ MORE

The Primacy of Institutions


Dani Rodrik, Arvind Subramanian
Finance and Development, 2003

Abstract

'Explaining the huge difference in average incomes between the world's richest and poorest nations is one of the most fundamental issues in development economics.'
READ MORE

Saving Iraq from its Oil


Nancy Birdsall, Arvind Subramanian
Foreign Affairs, 2004

Abstract

'As the United States, the United Nations, and the Iraqi Governing Council struggle to determine what form Iraq’s next government should take, there is one question that, more than any other, may prove critical to the country’s future: how to handle its vast oil wealth. '
READ MORE

What Undermines Aid's Impact on Growth ?


Arvind Subramanian, Raghuram Rajan
Impact on Growth, 2005

Abstract

'We examine one of the most important and intriguing puzzles in economics: why it is so hard to find a robust effect of aid on the long-term growth of poor countries, even those with good policies. '
READ MORE

Why Prospects for Doha Trade Talks are not Bright


Aaditya Mattoo, Arvind Subramanian
Finance and Development, 2005

Abstract

'some recent fresh impetus, the Doha Round has been hobbled by a frustrating “now-it’s-on-now-it’s-off” quality. If only it could be brought to conclusion, the world would be so much better off, especially if one is to believe the estimates of the gains from trade liberalization that the Round would deliver'
READ MORE

The Case for a US-India Free Trade Agreement


Arvind Subramanian
Economic and Political Weekly, 2003

Abstract

'This paper explores the economic implication of a potential free trade agreement between India and the United States. The overall impacts are likely to be positive for the United States and India. While gains from trade creation would be offset by trade diversion on the import side, both countries would gain from improved access on the export side. '
READ MORE

India, Developmental Multilateralism, and the Doha Ministerial Conference


Arvind Subramanian
Department of International Politics, 2003

Abstract

'Despite its growing status as an ‘emerging’ power, perceptions of India’s current and future role in multilateral organizations continue to be overshadowed by its reputation for blocking rather than supporting progress in multilateral negotiations on grounds of national sovereignty and Third Worldism. '
READ MORE

From “Hindu Growth” to Productivity Surge: The Mystery of the Indian Growth Transition


Dani Rodrik, Arvind Subramanian
Research Department, 2004

Abstract

'This paper explores the causes of India’s productivity surge around 1980, more than a decade before serious economic reforms were initiated. Trade liberalization, expansionary demand, a favorable external environment, and improved agricultural performance did not play a role. '
READ MORE

Why India Can Grow at 7 Percent a Year or More: Projections and Reflections


Dani Rodrik, Arvind Subramanian
Research Department, 2004

Abstract

'Based on a simple growth accounting framework, we project India’s future potential output growth rate through 2025. We argue that there is perhaps more upside potential than downside risks to our central estimate for annual growth, which is close to 7 percent, or 5.5 percent per capita. '
READ MORE

Manufacturing or Services? An Indian Illustration of a Development Dilemma


Amrit Amirapu, Arvind Subramanian
World Bank, 2015

Abstract

'Manufacturing has historically offered the fastest path out of poverty, but there is mounting evidence that this path may be all but closed to developing countries today. '
READ MORE

Policies, Enforcement, and Customs Evasion: Evidence from India


Prachi Mishra, Arvind Subramanian, Petia Topalova
Journal of Public Economics, 2006

Abstract

'The effect of policies, specifically tax policies, on evasion is a subject of considerable policy interest and has therefore been studied extensively.'
READ MORE

The Intriguing Relationship Between Growth and Institutions in India


Arvind Subramanian
Oxford Review of Economic Policy, 2007

Abstract

'The tepid-to-torrid transformation in India’s economic growth since the early 1980s is one of the big stories of recent times. Whereas “Midnight’s children” saw their standard of living double over forty years, Midnight’s grandchildren—the “India Shining” generation—can expect a five- or six-fold improvement in their lifetimes. '
READ MORE

India and Bretton Woods II


Aaditya Mattoo, Arvind Subramanian
Economic and Political Weekly, 2008

Abstract

'The G-20 meeting in Washington on 15 November is an opportunity for India to help shape the new global economic architecture in line with its strategic interests. India should propose short-term crisis response actions and suggest a clear medium-term agenda.'
READ MORE

More for the Poor and Less for and by the State: The Case for Direct Cash Transfers


Arvind Subramanian, Devesh Kapur, Partho Mukhopadhyay
Economic and Political Weekly, 2008

Abstract

'The total expenditure on central schemes for the poor and on the major subsidies exceeds the states’ share of central taxes. '
READ MORE

Regulatory Autonomy and Multilateral Disciplines: The Dilemma and a Possible Resolution


Aaditya Mattoo, Arvind Subramanian
Journal of International Economic Law, 1997

Abstract

'This paper explores the economic implication of a potential free trade agreement between India and the United States. The overall impacts are likely to be positive for the United States and India. '
READ MORE

The International Economics of Intellectual Property Right Protection: A Welfare-Theoretic Trade Policy Analysis


Arvind Subramanian
World Development, 2003

Abstract

'India’s increasing engagement in the international economy has created a growing awareness that multilateral trade negotiations can and must be used to serve development goals.'
READ MORE

TRIPS and the Paradigm of the GATT: A Tropical, Temperate View


Arvind Subramanian
World Economy, 1990

Abstract

'7KLV VWXG\ KDV EHHQ SUHSDUHG ZLWKLQ WKH 818:,'(5 SURMHFW RQ 1HZ 5ROHV DQG )XQFWLRQV IRU WKH 8QLWHG 1DWLRQV DQG WKH %UHWWRQ :RRGV ,QVWLWXWLRQVZKLFKLV GLUHFWHG E\3URIHVVRU'HHSDN1D\\DU8QLYHUVLW\ RI 'HOKL'
READ MORE

Can TRIPS Serve as An Enforcement Device in the WTO?


Arvind Subramanian, J. Watal
Journal of International Economic Law, 2000

Abstract

'This paper explores the economic implication of a potential free trade agreement between India and the United States. The overall impacts are likely to be positive for the United States and India. '
READ MORE

Dynamic Gains from Trade – Evidence from South Africa


Arvind Subramanian, Gunnar Jonsson
IMF Staff Papers, 2001

Abstract

'Despite its growing status as an ‘emerging’ power, perceptions of India’s current and future role in multilateral organizations continue to be overshadowed by its reputation for blocking rather than supporting progress in multilateral negotiations on grounds of national sovereignty and Third Worldism. '
READ MORE

Measuring Services Trade Liberalization and Its Impact on Economic Growth: An Illustration


Arvind Subramanian, Aaditya Mattoo, Randeep Rathindran
Journal of Economic Integration, 2006

Abstract

'The paper has three purposes. First, it explains how the impact of liberalization of service sectors on output growth differs from that of liberalization of trade in goods'
READ MORE

The Missing Globalization Puzzle


Arvind Subramanian, David Coe, Natalia T. Tamarisa
IMF Staff Papers, 2002

Abstract

'Based on a simple growth accounting framework, we project India’s future potential output growth rate through 2025. We argue that there is perhaps more upside potential than downside risks to our central estimate for annual growth, which is close to 7 percent, or 5.5 percent per capita. '
READ MORE

The WTO and the Poorest Countries: The Stark Reality


Aaditya Mattoo, Arvind Subramanian
World Trade Review, 2004

Abstract

'Small and poor countries pose a challenge for the World Trade Organization (WTO). These countries have acquired a significant say in WTO decision-making. '
READ MORE

Medicines, Patents and TRIPS


Arvind Subramanian, Aaditya Mattoo
Finance and Development, 2004

Abstract

'Based on a simple growth accounting framework, we project India’s future potential output growth rate through 2025. We argue that there is perhaps more upside potential than downside risks to our central estimate for annual growth, which is close to 7 percent, or 5.5 percent per capita. '
READ MORE

From Doha to the Next Bretton Woods: A New Multilateral Trade Agenda


Arvind Subramanian, Aaditya Mattoo
Foreign Affairs, 2009

Abstract

'When the Doha Round of multilateral trade negotiations was launched, in 2001, the price of oil was $25 a barrel, a ton of rice cost $170, China’s current account surplus was two percent of the country’s gdp, U.S. financial institutions were at the vanguard of globalization, and the term “sovereign wealth fund” could have been mistakenly thought to refer to the retirement kitty of an aging monarch.'
READ MORE

Criss-Crossing Globalization: The Phenomenon of Uphill Skill Flows


Aaditya Mattoo, Arvind Subramanian
Annual World Bank Conference on Development Economics, 2008

Abstract

'The phenomenon of uphill flows of capital has been subject to great scrutiny in recent years (Bernanke, 2006; Caballero et. al. 2008, and Prasad et. al. 2007 among others). Much of this literature has focused on financial flows (alternatively foreign savings). Indeed in Caballero'
READ MORE

Undervalued Exchange Rates and Sovereign Wealth Funds: WTO and IMF Cooperation


Arvind Subramanian, Aaditya Mattoo
World Economy, 2009

Abstract

'Two aspects of global imbalances—undervalued exchange rates and sovereign wealth funds (SWFs)—require a multilateral response. For reasons of inadequate leverage and eroding legitimacy, the International Monetary Fund (IMF) has not been effective in dealing with undervalued exchange rates. '
READ MORE

The Hyperglobalization of Trade and Its Future


Arvind Subramanian, Martin Kessler
Peterson Institute for International Economics, 2013

Abstract

'This paper explores the economic implication of a potential free trade agreement between India and the United States. The overall impacts are likely to be positive for the United States and India. '
READ MORE

The WTO Promotes Trade, Strongly But Unevenly


Arvind Subramanian, Shang-Jin Wei
Journal of International Economics, 2006

Abstract

'This paper furnishes robust evidence that the WTO has had a strong positive impact on trade, amounting to about 120 percent of additional world trade (or US$ 8 trillion in 2000 alone). The impact has, however, been uneven. '
READ MORE

Foreign Capital and Economic Growth


Arvind Subramanian, Eswar Prasad, Raghuram Rajan
Brookings Papers On Economic Activity, 2008

Abstract

'IN ONE OF HIS most memorable and widely quoted passages, John Maynard Keynes extolled the virtues not only of trade integration but also of financial integration when he wrote, in 1920'
READ MORE

Africa’s Growth Prospects: Benchmarking the Constraints


Arvind Subramanian, Simon Johnson, Jonathan Ostry
IMF Staff Papers, 2011

Abstract

'A dozen countries had weak institutions in 1960 and yet sustained high rates of growth subsequently. We use data on their characteristics early in the growth process to create benchmarks with which to evaluate potential constraints on sustained growth for sub-Saharan Africa.'
READ MORE

The Political Economy of Nominal Macroeconomic Pathologies


Arvind Subramanian, Shankar Satyanath
IMF Staff Papers, 2007

Abstract

'Recognizing that inflation and the macroeconomic policies that affect it can emanate from distributional conflicts in society, we examine the deep determinants of several nominal pathologies and related policy variables from a distributional perspective. '
READ MORE

How to Help Poor Countries


Nancy Birdsall, Dani Rodrik,, Arvind Subramanian
Foreign Affairs, 2005

Abstract

'The year 2005 has become the year of development. In September, at the un Millennium Summit meeting of heads of state, in New York, leaders of wealthy nations will emphasize their commitment to deeper debt relief and increased aid programs for developing countries.'
READ MORE

Aid and Growth: What does the Cross-Country Evidence Really Show?


Raghuram G Rajan, Arvind Subramanian
The Review of Economics and Statistics, 2009

Abstract

'India’s increasing engagement in the international economy has created a growing awareness that multilateral trade negotiations can and must be used to serve development goals.'
READ MORE

India's pattern of development: What happened, what follows?


K Kochhar, U Kumar, R Rajan, A Subramanian
Journal of Monetary Economics

Abstract

'ndia has followed an idiosyncratic pattern of development, certainly compared with other fast-growing Asian economies. While the importance of services rather than manufacturing has been widely noted, within manufacturing India has emphasized skill-intensive rather than labor-intensive manufacturing, and industries with higher-than-average scale (though average firm size within industries is unusually small). '
READ MORE

Egypt and the Uruguay Round


Bernard Hoekman, Arvind Subramanian
The World Bank

Abstract

'May 1996 Although the Uruguay Round will generally have a limited impact on Egyptian policies affecting goods, investment and services, commitments by Egypt can be seen as facilitating the move toward a free trade agreement with the European Union.'
READ MORE

The Prospects for Sustained Growth in Africa: Benchmarking the Constraints


Simon Johnson, Jonathan Ostry, Arvind Subramanian
National Bureau of Economic Research, 2007

Abstract

'A dozen countries had weak institutions in 1960 and yet sustained high rates of growth subsequently. We use data on their characteristics early in the growth process to create benchmarks with which to evaluate potential constraints on sustained growth for sub-Saharan Africa.'
READ MORE

Dynamic Gains from Trade: Evidence from South Africa


Gunnar Jonsson, Arvind Subramanian
IMF Staff Papers, 2001

Abstract

'This paper examines the empirical relationship between trade and total factor productivity (TFP) in South Africa. Using data on actual trade protection across different manufacturing sectors, it is shown that trade liberalization had a positive impact on TFP growth during the 1990s. In addition, time-series evidence on macro data supports a positive long-run relationship between TFP and openness.'
READ MORE

Currency Undervaluation and Sovereign Wealth Funds: a New Role for the World Trade Organization


Aaditya Mattoo, Arvind Subramanian
The World Bank, 2008

Abstract

'Two aspects of global imbalances-undervalued exchange rates and sovereign wealth funds-require a multilateral response. For reasons of inadequate leverage and eroding legitimacy, the International Monetary Fund has not been effective in dealing with undervalued exchange rates. '
READ MORE

Who Needs to Open the Capital Account


Olivier Jeanne, Arvind Subramanian, John Williamson
Peterson Institute, 2012

Abstract

'Most countries emerged from the Second World War with capital accounts that were closed to the rest of the world. Since then, a process of capital account opening has occurred, with the result that all developed and many emerging-market countries now have capital accounts that are both de facto and de jure open, while many developing countries also have de facto openness. '
READ MORE

China and the World Trading System


Aaditya Mattoo, Arvind Subramanian
The World Economy, 2012

Abstract

'The World Trade Organization has been until recently an effective framework for cooperation because it has continually adapted to changing economic realities. The current Doha Agenda is an aberration because it does not reflect one of the largest shifts in the international economic and trading system: the rise of China.'
READ MORE

The Missing Globalization Puzzle: Evidence of the Declining Importance of Distance


David T Coe, Arvind Subramanian, Natalia T Tamirisa
IMF staff papers, 2007

Abstract

'Globalization can be characterized as the rapid increase in international trade spurred by advances in technology that have decreased the cost of trade. As costs have declined, so too, it would seem, should the estimated distance coefficient in the gravity model of bilateral trade. '
READ MORE

New PPP-Based Estimates of Renminbi Undervaluation and Policy Implications


Arvind Subramanian
Peterson Institute for International Economics, 2010

Abstract

'Is there reason to add to the proliferating set of estimates on the extent of renminbi undervaluation (see among others, Bergsten 2010; Cline and Williamson 2008 and 2010; Goldstein and Lardy 2008 and 2009; Frankel 2008; Reisen 2009; and Lee et al. 2008)? Yes, not least because these new estimates:(1) suggest that purchasing power parity (PPP)-based approaches to measuring renminbi undervaluation suggest that China’s currency is undervalued by about 30 percent against the dollar and not the 12 percent recently reported (Bajaj 2010); and (2) are closer to and consistent with alternative approaches to estimating renminbi undervaluation. '
READ MORE

Tariffs, Enforcement, and Customs Evasion: Evidence from India


Prachi Mishra, Arvind Subramanian, Petia Topalova
Journal of public Economics, 2008

Abstract

'We examine the effect of tariff policies on evasion of customs duties, in the context of the trade reform in India of the 1990s. By exploiting the variation in tariff rates across time and products, we identify a robust positive elasticity of evasion with respect to tariffs.'
READ MORE

The Mauritian Success Story and its Lessons


Arvind Subramanian
Oxford University Press, 2013

Abstract

'Two intellectuals, two Nobel Prize winners. But one verdict: Mauritius postindependence in 1968 had little hope and awaited a bleak future.'
READ MORE

The Paradox of Capital


Eswar Prasad, Raghuram Rajan, Arvind Subramanian
Finance and development, 2007

Abstract

'To examine this issue, we sorted 59 developing countries into a range from low to high average growth rates over the period 1970–2004. We then divided them into three groups with roughly equal aggregate populations.'
READ MORE

Equity in Climate Change: an Analytical Review


Aaditya Mattoo, Arvind Subramanian
The World Bank, 2010

Abstract

'This paper presents an analytical framework to encompass contributions to the literature on equity in climate change, and highlights the consequences—in terms of future emissions allocations—of different approaches to equity.'
READ MORE

Can Trips Serve as an Enforcement Device for Developing Countries in the WTO?


Arvind Subramanian, Jayashree Watal
Journal of International Economic Law, 2000

Abstract

'Developing countries assert that the limited size of their markets renders conventional trade retaliatory actions by them ineffective. The complaint is that they have no effective mechanism for forcing developed countries into compliance with WTO obligations that have market access consequences for developing countries. '
READ MORE

The Egyptian Stabilization Experience: An Analytical Retrospective


Arvind Subramanian
International Monetary Fund, 1997

Abstract

'This paper analyzes the successful Egyptian stabilization experience during the 1990s, focusing on its distinctive features and contrasting them with the recent experiences of other developing countries.'
READ MORE

What Determines Long-Run Macroeconomic Stability? Democratic Institutions


Arvind Subramanian, Shanker Satyanath
International Monetary Fund, 2004

Abstract

'We examine the deep determinants of long-run macroeconomic stability in a cross-country framework. We find that conflict, openness, and democratic political institutions have a strong and statistically significant causal impact on macroeconomic stability. '
READ MORE

Promoting Multilateral Cooperation on the Environment


Richard Blackhurst, Arvind Subramanian
The Greening of World Trade Issues, 1992

Abstract

'When analysing policy options for dealing with environmental problems, it is useful to distinguish between problems according to the nature of the effects on other countries. In one category are those environmental problems in which (a) the environmental effects are limited to the country in which the environmentally harmful activity is taking place, but (b) the government's policy response, or lack of response, to those adverse environmental effects has an impact on other countries via its impact on trade and capital flows.'
READ MORE

Growth in India's States in the First Decade of the 21st Century: Four Facts


Utsav Kumar, Arvind Subramanian
Economic and Political Weekly, 2012

Abstract

'This paper is the first attempt at examining the growth performance across Indian states during 2001-09, a period also marked by the global financial crisis. We report four key findings. '
READ MORE

Africa's Trade Revisted


Arvind Subramanian
International Monetary Fund, 2001

Abstract

'This paper examines different explanations—initial conditions, openness to trade and FDI, and institutions—of the Mauritian growth experience since the mid-1970s. We show that arguments based on openness to trade and FDI are either misleading or incomplete, and the transmission mechanism insufficiently identified. '
READ MORE

Renminbi Rules: the Conditional Imminence of the Reserve Currency Transition


Arvind Subramanian
Foreign Affairs, 2011

Abstract

'Against the backdrop of the recent financial crisis and the ongoing rapid changes in the world economy, the fate of the dollar as the premier international reserve currency is under scrutiny. '
READ MORE

Trade Measures for Environment: A ?Nearly Empty Box?


Arvind Subramanian
World Economy, 1992

Abstract

'VENTS in recent months have appeared to pitch trade and environment as antagonists in mutually destructive competition for the attention of policy makers. '
READ MORE

Beggar-Thy-Neighbor Effects of Exchange Rates: A Study of the Renminbi


Aaditya Mattoo, Prachi Mishra, Arvind Subramanian
American Economic Journal: Economic Policy, 2017

Abstract

'This paper estimates the effect of China's exchange rate changes on exports of developing countries in third markets. The degree of competition between China and its developing country competitors in specific products and destinations plays a key role in the identification strategy.'
READ MORE

The Case for Direct Cash Transfers to the Poor


Devesh Kapur, Partha Mukhopadhyay, Arvind Subramanian
Economic and Political Weekly, 2008

Abstract

'The total expenditure on central schemes for the poor and on the major subsidies exceeds the states' share of central taxes. These schemes are chronic bad performers due to a culture of immunity in public administration and weakened local governments. '
READ MORE

Agricultural Exports of Developing Countries: Estimates of Income and Price Elasticities of Demand and Supply


Nurul Islam, Arvind Subramanian
Journal of Agricultural Economics, 1989

Abstract

'This paper provides new evidence on income and price elasticities of demand and supply of agricultural exports from developing countries, on the basis of (a) a consistent and fully specified supply and demand model, and (b) statistical estimation procedures not frequently used in the estimation of agricultural export functions. '
READ MORE

Efficiency, Equity, and Legitimacy: The Multilateral Trading System at the Millennium


Roger B Porter, Pierre Sauvé, Arvind Subramanian, Americo Beviglia Zampetti
Brookings Institution Press, 2004

Abstract

'A Brookings Institution Press and the Center for Business and Government at Harvard University publication The multilateral trading system stands at a crossroads. Despite its widely acknowledged contribution to global prosperity over the past half century, the movement toward further liberalization has increasingly been challenged.'
READ MORE

Regulating Global Capital Flows for Long-Run Development


Amar Bhattacharya, Mark Blyth, Leonardo Burlamaqui, Gerald Epstein, Ilene Grabel, Stephany Griffith-Jones, Rakesh Mohan, José Antonio Ocampo, Dani Rodrik, Shari Spiegel, Arvind Subramanian, Shinji Takagi, Ming Zhang
Boston University Frederick S. Pardee Center for the Study of the Longer-Range Future, 2012

Abstract

'This report is the product of the Pardee Center Task Force on Regulating Global Capital Flows for Long-Run Development convened in September 2011 on behalf of the Pardee Center’s Global Economic Governance Initiative led by Kevin P. Gallagher, Associate Professor of International Relations at Boston University. Gallagher co-chaired the Task Force along with Stephany Griffith-Jones and José Antonio Ocampo of the Initiative for Policy Dialogue (IPD) at Columbia University.'
READ MORE

India and the Multilateral Trading System Post-Doha: Defensive or Proactive?


Aaditya Mattoo, Arvind Subramanian
India and the WTO, 2003

Abstract

'The authors would like to thank Carsten Fink, Francis Ng, Marcelo Olarreaga, Natalia Tamirisa, and especially Garry Pursell and Randeep Rathindran for their valuable input. Thanks are also due to Malina Savova for providing excellent research assistance. '
READ MORE

After the Big Push? Fiscal and Institutional Implications of Large Aid Increases


Todd Moss, Arvind Subramanian
2005

Abstract

'From the recent G8 Summit to UN declarations, calls for a Big Push in official development assistance by OECD countries are becoming more frequent and pressing. Although there may be a consensus among the donor community to increase giving, what impact will this new aid have on recipient countries?'
READ MORE

Levers for Growth


Simon Johnson, Jonathan D Ostry, Arvind Subramanian
Finance and Development, 2006

Abstract

'Economists now generally agree that broad economic institutions (such as central banks and the judicial system)—which define the rules of the game in society for economic transactions—are critical building blocks for sustained long-run growth.'
READ MORE

La Primacía De Las Instituciones (Y Lo Que Implica)


Hali Rodrik, Arvind Subramaniam
Finanzas y desarrollo: publicación trimestral del Fondo Monetario Internacional y del Banco Mundial, 2003

Abstract

'Información del artículo La primacía de las instituciones (y lo que implica).'
READ MORE

TRIMs in the Uruguay Round: an Unfinished Business?


Patrick Low, Arvind Subramanian
World Bank Discussion Papers, 1995

Abstract

'Article 9 of the Uruguay Round Agreement on Trade- Related Investment Measures (TRIMs) calls for a review of the TRIMs Agreement not later that five years after its entry into force. In addition to assessing the operation of the agreement, this review is to consider''whether the Agreement should be complemented with provisions on investment policy and competition policy.'
READ MORE

Intellectual Property Rights: The Issues in GATT


David Hartridge, Arvind Subramanian
Vand. J. Transnat'l L., 1989

Abstract

'This Article examines the need for a multilateral framework to address the trade-related aspects of intellectual property rights (TRIPs). The authors trace the growing importance of TRIPs from its emergence at the Tokyo Round in 1978 to its present state as a major focus of multilateral negotiations at the Uruguay Round. A detailed discussion of existing GATT provisions and their relevance to intellectual property rights follows. '
READ MORE

Is Africa Integrated in the Global Economy?


Arvind Subramanian, Natalia T Tamirisa
IMF Staff Papers, 2003

Abstract

'The popular impression that Africa has not integrated into world trade, as suggested by the evolution in simple indicators, has been called into question recently by more formal analysis.'
READ MORE

Filter by type:

4 5 6 7 8 9 10