Learning from the Doers: Developing Country Lessons for Advanced Economy Growth

S-Tier
Journal: American Economic Review
Year: 2014
Volume: 104
Issue: 5
Pages: 260-65

Authors (2)

Score contribution per author:

4.036 = (α=2.02 / 2 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

From 1980 to 1992, emerging and developing countries grew by 3.4 percent per year. Their annual rate of growth increased to 5.4 percent between 1993 and 2012. No such increase occurred for advanced nations, whose average growth from 1980 to 2012 was roughly constant (excluding the impact of the 2008–2009 Recession). Developing nations turned themselves around by embracing discipline-sustained commitment to a pragmatic and flexible growth strategy. Three illustrations of discipline through the lens of trade, fiscal, and debt reforms in the developing world offer relevant, practical lessons for recovery in advanced economies and continued catch-up growth in developing nations.

Technical Details

RePEc Handle
repec:aea:aecrev:v:104:y:2014:i:5:p:260-65
Journal Field
General
Author Count
2
Added to Database
2026-01-25