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Lifelong Learning Faculty Seminars: Additional Reading
Wednesday, April 18, 2007
Web Seminar: "Emerging Market Economic & Political Reforms: Informing Risk and Investment Opportunities"
Romain Wacziarg, Associate Professor of Economics
Over the last twenty years, many developing countries have embarked on programs of economic and political reforms. Understanding the effect of these reforms on the macroeconomic performance of emerging markets is essential for risk assessment and more broadly for assessing investment opportunities in these markets. GSB Associate Professor of Economics, Romain Wacziarg, will discuss what we know about the effects of economic and political liberalization on economic performance, based on the experience of countries such as India, China, Mexico, Chile and Poland. Event Registration
Selected Articles
Additional reading material has been selected by Jackson Library Staff. Due to contractual arrangements, remote access is only available to the current Stanford community and the subscribers of the "Library Databases" offered through the GSB Alumni's Lifelong Learning Program. Other access is limited to onsite at Jackson Library. Inclusion below does not imply University endorsement of ideas expressed.
Do Democratic Transitions Produce Bad Economic Outcomes? American Economic ReView papers and Proceedings, May 2005
We show in this paper that the data do not support the view that democratization is bad for economic performance. Our analysis reveals that major democratic transitions have, if anything, a positive effect on economic growth in the short run.
View article
[
PDF 181KB]
Trade Liberalization and Growth: New Evidence. NBER Working Paper #10152, Nov. 2003
This paper revisits the empirical evidence on the relationship between economic integration and economic growth.
View paper [ PDF 1.14MB]
Stock Market Liberalization, Economic Reform, and Emerging Market Equity Prices. Journal of Finance, April 2000
In the sample of 12 emerging countries examined in this paper, stock markets experience average abnormal returns of 4.7 percent per month in real dollar terms during an eight-month window leading up to the implementation of a country's initial stock market liberalization.
View paper
[ PDF 193KB]
Do stock market liberalizations cause investment booms? Journal of Financial Economics, 2000
Stock market liberalizations lead private investment booms. In a sample of 11 developing countries that liberalized their stock markets, 9 experience growth rates of private investment above their non-liberalization median in the first year after liberalizing.
View paper [ PDF 237KB]
Measuring the Dynamic Gains From Trade. World Bank Economic Review, Oct. 2001
This paper investigates the linkages between trade policy and economic growth in a panel of 57 countries, between 1970 and 1989. We develop a new measure of
trade policy openness, based on the effective policy component of trade shares.
View paper [ PDF 179KB]
Selected Books
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The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics |
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Evaluating Economic Liberalization |
Selected Websites
Academic Areas: Political Economy