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June 01, 2009

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Hari R

Growth diagnostics of the Nepalese economy: http://tinyurl.com/lolhfa

The findings are pretty interesting!

Melvin

Here's one for the Dominican Republic sponsored by the IADB.

http://www.iadb.org/res/pub_desc.cfm?pub_id=CSI-118&Language=Spanish

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I just want to know if they all agree with each other... over here in England, no one can agree on what's going to happen next.

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Interesting and unfortunate, that there is only one been done for a poor African country, Kenya.

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Juan Carlos Moreno-Brid and Jaime Ros have a new book out with Oxford University Press where they take a "growth diagnostics" approach to analyzing the Mexican economy from 1900 to the present. The book is called DEVELOPMENT AND GROWTH in the Mexican Economy.

According to their analysis, one of the reasons why the Mexican economy has done relatively poorly during the past 25 years is precisely because there has been a misperception about what the binding constraints are on the Mexican economy. Whereas the (Kennedy School trained!) government elites see the constraints as being government control of the state-owned oil industry and the need for more free trade agreements, the true constraints are due to the need for domestic investment and credit.

The authors show that Mexico's two periods of high growth (late 19th century, and 1940 to 1970) where characterized by a political consensus and correct diagnosis of the binding constraints on growth.

A good book, add it to the list.

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