Found 4 article(s) for author 'Eric Werker'

Mapping Frontier Economies

Mapping Frontier Economies. Aldo Musacchio, Eric Werker, December 2016, Paper, “Global players in search of double-digit growth are running out of opportunities. Emerging-market giants such as Brazil, Russia, and China are experiencing an economic slowdown. They are increasingly expensive as a base for operations, and it’s harder to export to and import from these countries than it used to be.Link

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Developing Countries and International Organizations: Introduction to the Special Issue

Developing Countries and International Organizations: Introduction to the Special Issue. Eric Werker, April 30, 2016, Paper. “We describe four megatrends since the end of the Cold War that relate to developing countries: a greater share of the global economy; more accessible technologies, particularly in communication; breakthroughs in global cooperation in tackling basic human needs; and the evolution of a complex set of problems in spite of the progress. We then examine potential political economy channels that might hinder the ability of international organizations to adapt to the new realities. Introducing the articles to the special issue, we argue for four distinct variables that affect the behavior and character of international organizations: power, norms, preferences, and problems.Link

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Profits and Economic Development

Profits and Economic Development. Eric Werker, April 3, 2014, Paper. “Are rents, or excess profits, good for development? Using industry-level manufacturing data, this paper demonstrates a negative effect of rents, measured by the mark-up ratio, on productivity growth. The negative effect is strongest in poor countries, suggesting that high profits stymie economic development rather than enable it. Consistent with the rent-seeking mechanism of our model, we find that high rents are associated with a slower reduction in tariffs. A country’s average mark-up in manufacturing is a strong negative predictor of…” Link Verified October 11, 2014

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Learning from double-digit growth experiences

Learning from double-digit growth experiences. Eric Werker, March 2013, Paper. “This extended memorandum identifies episodes of sustained double-digit growth in real GDP, defined as a compound annual growth rate of 10 percent or more over a period of 8 years or longer. Using a measure of real GDP reported in the World Development Indicators, we identify 33 country-episodes of double-digit growth since 1960. The narrative of each episode is presented, and key drivers of growth described. The double-digit growth episodes are then compared to episodes of sustained 6-7 percent growth on a number of economic and development indicators.  Statistical tests show that differences in average episode values between the two groups are significant for: Amount of FDI received, the share of natural resource rents in GDP, investment, export growth, industrial composition, and public spending on education. “  Link

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