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Even if I don't always agree with your posts, I always appreciate reading them. Columbus Hotels
What use is sources-of-growth accounting?
I am teaching this stuff this week, and while I enjoy doing it and think it is important for students to know--no World Bank country economic memorandum is apparently complete without a sources-of-growth exercise--I wonder what purpose it really serves. These accounting exercises come in two fla...
Even if I don't always agree with your posts, I always appreciate reading them. Columbus Hotels
A new paradigm in development economics?
Until very recently, if you spent anytime thinking about development policy, the chances are that you fell into one of three groups. One group believes the problem with developing countries is lack of resources. So the solution is a vast increase in foreign aid. A second group believes the rea...
Even if I don't always agree with your posts, I always appreciate reading them. Columbus Hotels
Why Dani Rodrik should do more political economy
by Jeffry Frieden (DR note: Some time ago, I posted an entry called Why I don't do political economy any more where I said that I had lost interest in political economy because it presumes we know what the efficient policies are and because it leaves too little room for human agency. This is Je...
Even if I don't always agree with your posts, I always appreciate reading them. Hotels in Columbus
Is there useful work in economics?
David Leonhardt of the New York Times surveyed economists to find out, and he says the answer is definitely yes: I received dozens of diverse responses, but there was still a runaway winner. The small group of economists who work at the Jameel Poverty Action Lab at M.I.T., led by Esther Duflo a...
Even if I don't always agree with your posts, I always appreciate reading them. Hotels in Columbus
OK, now Obama has my vote
No, it wasn't tonight's debate with Hillary. It's this (HT: Andrew Leonard): In case you are wondering, yes I can and do vote in two countries. Is that unfair?
Even if I don't always agree with your posts, I always appreciate reading them. Hotels in Columbus
Shleifer the (counter-)revolutionary
Whenever I see Andrei Shleifer, he asks me how the revolution is going. He has in mind of course the kind of views I espouse in this blog, which he considers heretical. But Andrei is promoting his own counter-revolution, one that enshrines the last quarter century as the age of Milton Friedman. ...
Even if I don't always agree with your posts, I always appreciate reading them. Hotels in Columbus
Mr Kristol, you get a C in economics!
There! I said it, and I feel better already. I have waited a really long time to do this, and I am happy that Bill Kristol finally gave me an opportunity with his column in today's New York Times. More on what he wrote below, but first let me explain why I take great pleasure in pointing out hi...
Even if I don't always agree with your posts, I always appreciate reading them. Hotels in Columbus
Dealing with capital flows
The opinion page of the Financial Times is suddenly making more sense. Seriously, one of the benefits of writing a piece like this is that it gets you lots of intelligent responses. Here is one that appeared in my e-mail box: Are you a Kennedy Fag? re: Int'l capital flows First: gas tax???...
Even if I don't always agree with your posts, I always appreciate reading them. Hotels in Columbus
My early life as a political scientist
When I applied to Harvard College as a high school senior from Turkey, I wrote on my application form that I wanted to major in electrical engineering. Huh? Wake up Dani, there is no electrical engineering major at Harvard College! Nonetheless, I was admitted, through some quirk of the Harvard ...
Even if I don't always agree with your posts, I always appreciate reading them. Hotels in Columbus
Why I became an economist
I've got to kick myself off this autobiographical track, but upon popular demand here is one more (and for the moment, final) installment. In my senior year at Harvard, I applied to six different graduate programs: a business school (HBS), a program in international relations (Fletcher), a docto...
Even if I don't always agree with your posts, I always appreciate reading them. Hotels in Columbus
Justin Lin's comments are music
to my ear at least. The World Bank's incoming chief economist speaks to the Wall Street Journal about his take on development policy. Echoes of this.
Even if I don't always agree with your posts, I always appreciate reading them. Hotels in Columbus
Why I don't do political economy any more
In the early part of my academic career, the question that consumed me was: "why don't governments do what is obviously best for their societies?" Why don't they not reform their policies, when doing so would increase the overall size of the economic pie? Even if they have other goals than maxim...
Even if I don't always agree with your posts, I always appreciate reading them. Hotels in Columbus
Climate change
Nick Stern's Ely Lecture on this topic at the New Orleans meetings was simply superb. It was comprehensive, lucid, and convincing--a tour de force. Too bad there was no time for questions at the end, so Avinash Dixit (the chair) had to end the session at the end of Nick's lecture.
Even if I don't always agree with your posts, I always appreciate reading them. Hotels in Columbus
What's traffic in Hanoi and St. Petersburg got to do with institutional reform?
A lot, actually. If you think lack of formal rules (in property rights or contract enforcement) always constrains economic activity, watch this. And if you think an improvement in formal institutional rules always improves efficiency, watch this. These are the videos I had embedded in my prese...
Even if I don't always agree with your posts, I always appreciate reading them. Hotels in Columbus
Trade and wages
I have often read or heard the assertion that there is no respectable work by economists that attributes an important part of rising inequality in the U.S. to international trade, with the implication being that it's all (or mostly) due to skill-biased technological change. Greg Mankiw has made ...
Even if I don't always agree with your posts, I always appreciate reading them. Hotels in Columbus
Second-best institutions
Want to know why "best practices" are an unhelpful way to think about institutional reform? How to improve contract enforcement without doing more harm than good? Why the World Bank's Doing Business Surveys can lead you astray about reform priorities? Why outward orientation is often achieved b...
Even if I don't always agree with your posts, I always appreciate reading them. Hotels in Columbus
Jeff Sachs vindicated
On insecticide-treated bed nets (ITNs), at least. There has been an ongoing battle between Sachs and segments of the global public health community on the appropriate delivery mechanisms for ITNs. The efficacy of ITNs in preventing malaria exposure is not in question. What has been debated is...
Even if I don't always agree with your posts, I always appreciate reading them. Hotels in Columbus
How Ireland does it
The Irish economy (the "Celtic tiger") has become the envy of many others ever since it took off in the 1990s. Behind the miracle lies sensible fiscal policies, a wage accord with labor, and--surprise, surprise--a range of industrial policies. The New York Times explains how Enterprise Ireland, ...
Thanks for another insightful post. 3D TV
Trade and the great divergence
Opening up to international trade raises the return to skills in advanced economies and reduces it in the less advanced ones, according to the standard factor-endowments story. If human capital accumulation in turn depends on these returns to skills, trade should enhance human capital accumulati...
Even if I don't always agree with your posts, I always appreciate reading them. Columbus Hotels
Trade and the great divergence
Opening up to international trade raises the return to skills in advanced economies and reduces it in the less advanced ones, according to the standard factor-endowments story. If human capital accumulation in turn depends on these returns to skills, trade should enhance human capital accumulati...
Even if I don't always agree with your posts, I always appreciate reading them. Columbus Hotels
Capital flows analogy of the day
How do you deal with capital flows when they are so prone to boom-and-bust cycles and generate (roughly once a decade) financial crashes with painful economic consequences? The mainstream answer is that you do not regulate capital flows directly--through capital controls such as financial trans...
Even if I don't always agree with your posts, I always appreciate reading them. Columbus Hotels
Teaching blues
I just looked at my teaching evaluations for my international trade course this Fall, and it was a bit like taking a cold shower. Frankly, I was expecting a big improvement from previous years, after the work I had put into redesigning it. But it wasn't to be. Looking at the detailed comments, ...
Even if I don't always agree with your posts, I always appreciate reading them. Columbus Hotels
Looking for development data?
This site, put together by Gunilla Pettersson, should be of real help. The website has links to sources of developing country data on inequality, trade, aid, education, agriculture, migration, health, FDI, population, governance and debt. It also links to websites that host household survey data...
Even if I don't always agree with your posts, I always appreciate reading them. Columbus Hotels
Clive on Hillary on Trade
Hillary Clinton has some generally sensible things to say on trade in today's FT, for which Clive Crook takes her to task. Basically, Hillary's point is that we need to take a breather from negotiating trade agreements on the accepted model, and think our way through what a new set of trade rela...
Even if I don't always agree with your posts, I always appreciate reading them. Columbus Hotels
If you want to get a Ph.D.
... and do something useful for the world, here is some wise advice from Chris Blattman, a former MPAID. In my experience, though, too many students who are interested in making a difference in the real world go on to the Ph.D--and for the wrong reason. As I always tell students asking me for ad...
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