Evaluating Economic Liberalization

Evaluating Economic Liberalization

Author: Mark McGillivray

Publisher:

Published: 1999

Total Pages: 272

ISBN-13:

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Book Synopsis Evaluating Economic Liberalization by : Mark McGillivray

Download or read book Evaluating Economic Liberalization written by Mark McGillivray and published by . This book was released on 1999 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Evaluating Economic Liberalization

Evaluating Economic Liberalization

Author: David Greenaway

Publisher: Springer

Published: 1999-07-23

Total Pages: 251

ISBN-13: 1349143073

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Liberalization - economic policy reforms to render economies more market-orientated - is a central issue in most countries of the world. This important contribution to the literature of liberalization analyzes theoretical issues and experiences of reform. Existing approaches to evaluating the effects of reform are reviewed, difficulties of measuring liberalization are discussed, the complex ways in which reforms can impact on individuals and groups are illustrated, and the importance of political concerns are addressed. The final four chapters offer detailed case studies of Pakistan, Mozambique, Vietnam and Sri Lanka.


Book Synopsis Evaluating Economic Liberalization by : David Greenaway

Download or read book Evaluating Economic Liberalization written by David Greenaway and published by Springer. This book was released on 1999-07-23 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: Liberalization - economic policy reforms to render economies more market-orientated - is a central issue in most countries of the world. This important contribution to the literature of liberalization analyzes theoretical issues and experiences of reform. Existing approaches to evaluating the effects of reform are reviewed, difficulties of measuring liberalization are discussed, the complex ways in which reforms can impact on individuals and groups are illustrated, and the importance of political concerns are addressed. The final four chapters offer detailed case studies of Pakistan, Mozambique, Vietnam and Sri Lanka.


Evaluation of Financial Liberalization

Evaluation of Financial Liberalization

Author: Robert Townsend

Publisher: World Bank Publications

Published: 2003

Total Pages: 52

ISBN-13:

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The objective of this paper is to assess both the aggregate growth effects and the distributional consequences of financial liberalization as observed in Thailand from 1976 to 1996. A general equilibrium occupational choice model with two sectors, one without intermediation, and the other with borrowing and lending, is taken to Thai data. Key parameters of the production technology and the distribution of entrepreneurial talent are estimated by maximizing the likelihood of transition into business given initial wealth as observed in two distinct datasets. Other parameters of the model are calibrated to try to match the two decades of growth as well as observed changes in inequality, labor share, savings, and the number of entrepreneurs. Without an expansion in the size of the intermediated sector, Thailand would have evolved very differently, namely, with a drastically lower growth rate, high residual subsistence sector, non-increasing wages, but lower inequality. The financial liberalization brings welfare gains and losses to different subsets of the population. Primary winners are talented would-be entrepreneurs who lack credit and cannot otherwise go into business (or invest little capital). Mean gains for these winners range from 17 to 34 percent of observed overall average household income. But liberalization also induces greater demand by entrepreneurs for workers resulting in increases in the wage and lower profits of relatively rich entrepreneurs of the same order of magnitude as the observed overall average income of firm owners. Foreign capital has no significant impact on growth or the distribution of observed income. This paper--a product of Finance, Development Research Group--is part of a larger effort in the group to understand financial liberalization and its impact on growth.


Book Synopsis Evaluation of Financial Liberalization by : Robert Townsend

Download or read book Evaluation of Financial Liberalization written by Robert Townsend and published by World Bank Publications. This book was released on 2003 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of this paper is to assess both the aggregate growth effects and the distributional consequences of financial liberalization as observed in Thailand from 1976 to 1996. A general equilibrium occupational choice model with two sectors, one without intermediation, and the other with borrowing and lending, is taken to Thai data. Key parameters of the production technology and the distribution of entrepreneurial talent are estimated by maximizing the likelihood of transition into business given initial wealth as observed in two distinct datasets. Other parameters of the model are calibrated to try to match the two decades of growth as well as observed changes in inequality, labor share, savings, and the number of entrepreneurs. Without an expansion in the size of the intermediated sector, Thailand would have evolved very differently, namely, with a drastically lower growth rate, high residual subsistence sector, non-increasing wages, but lower inequality. The financial liberalization brings welfare gains and losses to different subsets of the population. Primary winners are talented would-be entrepreneurs who lack credit and cannot otherwise go into business (or invest little capital). Mean gains for these winners range from 17 to 34 percent of observed overall average household income. But liberalization also induces greater demand by entrepreneurs for workers resulting in increases in the wage and lower profits of relatively rich entrepreneurs of the same order of magnitude as the observed overall average income of firm owners. Foreign capital has no significant impact on growth or the distribution of observed income. This paper--a product of Finance, Development Research Group--is part of a larger effort in the group to understand financial liberalization and its impact on growth.


Foreign Economic Liberalization

Foreign Economic Liberalization

Author: Andras Koves

Publisher: Westview Press

Published: 1991-04-28

Total Pages: 312

ISBN-13:

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This volume combines theories of economic liberalization with a wide variety of case studies from market and socialist economies. Internationally regarded scholars and Eastern European policymakers have collaborated to evaluate the dramatic economic changes taking place throughout the world.


Book Synopsis Foreign Economic Liberalization by : Andras Koves

Download or read book Foreign Economic Liberalization written by Andras Koves and published by Westview Press. This book was released on 1991-04-28 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume combines theories of economic liberalization with a wide variety of case studies from market and socialist economies. Internationally regarded scholars and Eastern European policymakers have collaborated to evaluate the dramatic economic changes taking place throughout the world.


Washington Consensus, The: A Critical Evaluation Of The Principles And Implications For Economic Development

Washington Consensus, The: A Critical Evaluation Of The Principles And Implications For Economic Development

Author: Imad A Moosa

Publisher: World Scientific

Published: 2021-07-02

Total Pages: 371

ISBN-13: 9811236798

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The objective of the book is to evaluate critically the ten principles of the Washington Consensus, which govern the conditionality provisions of the IMF and World Bank, and guide the so-called economic reform in developing countries. The book starts with an overview of the Consensus, followed by a chapter on IMF conditionality and how they are related. Since the Consensus is inherently neoliberal, a chapter is devoted to a critique of the free market doctrine and the concept of economic freedom as seen by free marketeers. The ten principles of the Washington Consensus (referred to as the 'ten commandments') are divided into four groups: fiscal reform, interest and exchange rate policies, liberalization of trade and foreign direct investment, and privatization and deregulation (including property rights).The book is written in the normative tradition of what ought to be, as opposed to the positive tradition of what is. While it may be tempting to describe the work as 'polemic', the underlying issues contain such a significant moral component that pretending to be neutral would be a betrayal of justice and morality. In essence, the arguments put forward in the book are intended to dismantle, discredit and debunk a set of principles that are effectively used to loot developing countries.


Book Synopsis Washington Consensus, The: A Critical Evaluation Of The Principles And Implications For Economic Development by : Imad A Moosa

Download or read book Washington Consensus, The: A Critical Evaluation Of The Principles And Implications For Economic Development written by Imad A Moosa and published by World Scientific. This book was released on 2021-07-02 with total page 371 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of the book is to evaluate critically the ten principles of the Washington Consensus, which govern the conditionality provisions of the IMF and World Bank, and guide the so-called economic reform in developing countries. The book starts with an overview of the Consensus, followed by a chapter on IMF conditionality and how they are related. Since the Consensus is inherently neoliberal, a chapter is devoted to a critique of the free market doctrine and the concept of economic freedom as seen by free marketeers. The ten principles of the Washington Consensus (referred to as the 'ten commandments') are divided into four groups: fiscal reform, interest and exchange rate policies, liberalization of trade and foreign direct investment, and privatization and deregulation (including property rights).The book is written in the normative tradition of what ought to be, as opposed to the positive tradition of what is. While it may be tempting to describe the work as 'polemic', the underlying issues contain such a significant moral component that pretending to be neutral would be a betrayal of justice and morality. In essence, the arguments put forward in the book are intended to dismantle, discredit and debunk a set of principles that are effectively used to loot developing countries.


Economic Liberalization

Economic Liberalization

Author: Tariq Banuri

Publisher: Oxford University Press, USA

Published: 1991

Total Pages: 264

ISBN-13:

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Written by leading economists, the papers in this collection examine the different effects of trade and financial liberalization on the economic performance of Latin America and Asia. In the face of a deepening economic crisis in Latin America, the contributors examine the assumptions and dangers of indiscriminate economic liberalization policies which disregard the institutional arrangements or historical background of a country in the interests of narrower, more technical criteria such as speed of policy implementation. Addressing policy, conflict management, Asian and Latin American economies, and labor market institutions in Asia and Latin America, this study is an important contribution to the debate on trade and financial liberalization.


Book Synopsis Economic Liberalization by : Tariq Banuri

Download or read book Economic Liberalization written by Tariq Banuri and published by Oxford University Press, USA. This book was released on 1991 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by leading economists, the papers in this collection examine the different effects of trade and financial liberalization on the economic performance of Latin America and Asia. In the face of a deepening economic crisis in Latin America, the contributors examine the assumptions and dangers of indiscriminate economic liberalization policies which disregard the institutional arrangements or historical background of a country in the interests of narrower, more technical criteria such as speed of policy implementation. Addressing policy, conflict management, Asian and Latin American economies, and labor market institutions in Asia and Latin America, this study is an important contribution to the debate on trade and financial liberalization.


Growth and Structural Reforms

Growth and Structural Reforms

Author: Lone Engbo Christiansen

Publisher: International Monetary Fund

Published: 2009-12-01

Total Pages: 55

ISBN-13: 1451918453

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This paper presents a simultaneous assessment of the relationship between economic performance and three groups of economic reforms: domestic finance, trade, and the capital account. Among these, domestic financial reforms, and trade reforms, are robustly associated with economic growth, but only in middle-income countries. In contrast, we do not find any systematic positive relationship between capital account liberalization and economic growth. Moreover, the effect of domestic financial reforms on economic growth in middle-income countries is explained by improvements in measured aggregate TFP growth, not by higher aggregate investment. We present evidence that variation in the quality of property rights helps explain the heterogeneity of the effectiveness of financial and trade reforms in developing countries. The evidence suggests that sufficiently developed property rights are a precondition for reaping the benefits of economic reform. Our results are robust to endogeneity bias and a number of alternative specifications.


Book Synopsis Growth and Structural Reforms by : Lone Engbo Christiansen

Download or read book Growth and Structural Reforms written by Lone Engbo Christiansen and published by International Monetary Fund. This book was released on 2009-12-01 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a simultaneous assessment of the relationship between economic performance and three groups of economic reforms: domestic finance, trade, and the capital account. Among these, domestic financial reforms, and trade reforms, are robustly associated with economic growth, but only in middle-income countries. In contrast, we do not find any systematic positive relationship between capital account liberalization and economic growth. Moreover, the effect of domestic financial reforms on economic growth in middle-income countries is explained by improvements in measured aggregate TFP growth, not by higher aggregate investment. We present evidence that variation in the quality of property rights helps explain the heterogeneity of the effectiveness of financial and trade reforms in developing countries. The evidence suggests that sufficiently developed property rights are a precondition for reaping the benefits of economic reform. Our results are robust to endogeneity bias and a number of alternative specifications.


Economic Liberalization and Political Violence

Economic Liberalization and Political Violence

Author: Francisco Gutiérrez Sanín

Publisher: IDRC

Published: 2010-09-15

Total Pages: 365

ISBN-13: 0745330630

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A study of workers struggles against management regimes in Britain's car industry from the Second World War to the late 1980s.


Book Synopsis Economic Liberalization and Political Violence by : Francisco Gutiérrez Sanín

Download or read book Economic Liberalization and Political Violence written by Francisco Gutiérrez Sanín and published by IDRC. This book was released on 2010-09-15 with total page 365 pages. Available in PDF, EPUB and Kindle. Book excerpt: A study of workers struggles against management regimes in Britain's car industry from the Second World War to the late 1980s.


Evaluation of Financial Liberalization

Evaluation of Financial Liberalization

Author: Xavier Giné

Publisher:

Published: 2016

Total Pages: 48

ISBN-13:

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The objective of this paper is to assess both the aggregate growth effects and the distributional consequences of financial liberalization as observed in Thailand from 1976 to 1996. A general equilibrium occupational choice model with two sectors, one without intermediation, and the other with borrowing and lending, is taken to Thai data. Key parameters of the production technology and the distribution of entrepreneurial talent are estimated by maximizing the likelihood of transition into business given initial wealth as observed in two distinct datasets. Other parameters of the model are calibrated to try to match the two decades of growth as well as observed changes in inequality, labor share, savings, and the number of entrepreneurs. Without an expansion in the size of the intermediated sector, Thailand would have evolved very differently, namely, with a drastically lower growth rate, high residual subsistence sector, non-increasing wages, but lower inequality. The financial liberalization brings welfare gains and losses to different subsets of the population. Primary winners are talented would-be entrepreneurs who lack credit and cannot otherwise go into business (or invest little capital). Mean gains for these winners range from 17 to 34 percent of observed overall average household income. But liberalization also induces greater demand by entrepreneurs for workers resulting in increases in the wage and lower profits of relatively rich entrepreneurs of the same order of magnitude as the observed overall average income of firm owners. Foreign capital has no significant impact on growth or the distribution of observed income.This paper - a product of Finance, Development Research Group - is part of a larger effort in the group to understand financial liberalization and its impact on growth.


Book Synopsis Evaluation of Financial Liberalization by : Xavier Giné

Download or read book Evaluation of Financial Liberalization written by Xavier Giné and published by . This book was released on 2016 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of this paper is to assess both the aggregate growth effects and the distributional consequences of financial liberalization as observed in Thailand from 1976 to 1996. A general equilibrium occupational choice model with two sectors, one without intermediation, and the other with borrowing and lending, is taken to Thai data. Key parameters of the production technology and the distribution of entrepreneurial talent are estimated by maximizing the likelihood of transition into business given initial wealth as observed in two distinct datasets. Other parameters of the model are calibrated to try to match the two decades of growth as well as observed changes in inequality, labor share, savings, and the number of entrepreneurs. Without an expansion in the size of the intermediated sector, Thailand would have evolved very differently, namely, with a drastically lower growth rate, high residual subsistence sector, non-increasing wages, but lower inequality. The financial liberalization brings welfare gains and losses to different subsets of the population. Primary winners are talented would-be entrepreneurs who lack credit and cannot otherwise go into business (or invest little capital). Mean gains for these winners range from 17 to 34 percent of observed overall average household income. But liberalization also induces greater demand by entrepreneurs for workers resulting in increases in the wage and lower profits of relatively rich entrepreneurs of the same order of magnitude as the observed overall average income of firm owners. Foreign capital has no significant impact on growth or the distribution of observed income.This paper - a product of Finance, Development Research Group - is part of a larger effort in the group to understand financial liberalization and its impact on growth.


Economic Evaluation of Sustainable Development

Economic Evaluation of Sustainable Development

Author: Vinod Thomas

Publisher: Springer

Published: 2019-04-16

Total Pages: 145

ISBN-13: 9811363897

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This book is open access under a CC BY 4.0 license. This book presents methods to evaluate sustainable development using economic tools. The focus on sustainable development takes the reader beyond economic growth to encompass inclusion, environmental stewardship and good governance. Sustainable Development Goals (SDGs) provide a framework for outcomes. In illustrating the SDGs, the book employs three evaluation approaches: impact evaluation, cost-benefit analysis and objectives-based evaluation. The innovation lies in connecting evaluation tools with economics. Inclusion, environmental care and good governance, thought of as “wicked problems”, are given centre stage. The book uses case studies to show the application of evaluation tools. It offers guidance to evaluation practitioners, students of development and policymakers. The basic message is that evaluation comes to life when its links with socio-economic, environmental, and governance policies are capitalized on.


Book Synopsis Economic Evaluation of Sustainable Development by : Vinod Thomas

Download or read book Economic Evaluation of Sustainable Development written by Vinod Thomas and published by Springer. This book was released on 2019-04-16 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is open access under a CC BY 4.0 license. This book presents methods to evaluate sustainable development using economic tools. The focus on sustainable development takes the reader beyond economic growth to encompass inclusion, environmental stewardship and good governance. Sustainable Development Goals (SDGs) provide a framework for outcomes. In illustrating the SDGs, the book employs three evaluation approaches: impact evaluation, cost-benefit analysis and objectives-based evaluation. The innovation lies in connecting evaluation tools with economics. Inclusion, environmental care and good governance, thought of as “wicked problems”, are given centre stage. The book uses case studies to show the application of evaluation tools. It offers guidance to evaluation practitioners, students of development and policymakers. The basic message is that evaluation comes to life when its links with socio-economic, environmental, and governance policies are capitalized on.