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Publications (12)
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– Policies and Conditions for Export Diversification
Over the last thirty-five years, Costa Rican exports (in dollars) have grown at an average annual growth rate of 10.8 per cent. In the context of an import substituting industrialization and subregional integration, exports grew at increasingly higher rates through the sixties and seventies; but the...
Working Paper
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In this paper I estimate a non-traditional export performance equation for a panel of 60 developing countries. As an input to the export model, I also estimate a panel regression model of the real exchange rate (RER) for the same countries. The RER estimation allows derivation of indexes of...
Working Paper
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– Lessons from the Asian Tigers
This paper considers the rationale for and limitations to selective export promotion policies in developing countries, with a focus on manufactured exports. It draws upon the experience of the most successful exporters in the developing world - the 'Asian Tigers' and 'new Tigers' - to illustrate the...
Working Paper
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– Initial welfare Consequences of Price Liberalization in Eastern Europe
A one-good, representative consumer model of the pre-reform consumer sector of transition economies is developed. An equation is derived that permits empirical estimation of the welfare effect of price liberalization. Empirical estimates are calculated for Poland and Russia. These estimates indicate...
Working Paper
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– Lessons from China
Using a survey of 300 state-owned enterprises (SOEs), we argue that the acceleration of inflation in China after 1984 was caused by the decentralization reforms in the state sector. These reforms allowed the SOEs to realize their innate tendencies to over-consume and over-invest. The evidence...
Working Paper
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– How, Why and for Whom?
Many Soviet state enterprises are changing their legal form. Permissive but imprecise legislation, policy paralysis at all levels of government, the breakdown of the state supply system, and continued excess demand, have allowed managers of state firms to initiate "spontaneous privatization" --...
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