Bretton Woods Ii, Aaditya Mattoo, Arvind Subramanian, World Bank, Washington Dc, Arvind Subramanian
opportunity for India to help shape the new global economic architecture in line with its strategic interests. India should propose short-term crisis response actions and suggest a clear medium-term...
Putting some numbers on the TRIPS pharmaceutical debate (2009)
This paper estimates the changes in prices, profits and social welfare arising from increased patent protection for pharmaceuticals in a number of developing countries. Two market structures are...
Putting some numbers on the TRIPS pharmaceutical debate (2009)
This paper estimates the changes in prices, profits and social welfare arising from increased patent protection for pharmaceuticals in a number of developing countries. Two market structures are...
WHY DID FINANCIAL GLOBALIZATION DISAPPOINT? (2008)
Dani Rodrik, Arvind Subramanian
A little over a decade ago, just before the Asian financial crisis of 1997 hit the headlines, there was an emerging consensus among leading macroeconomists that it was time for developing countries...
More for the Poor and Less for and by the State: The Case for Direct Cash Transfers (2008)
Devesh Kapur, Arvind Subramanian
There are few countries where the state and the policy and intellectual community have been as committed to poverty eradication—both in terms of rhetoric and through a range of subsidies and an...
“Efficiency ” as the Achievement of Objectives (2007)
Arvind Subramanian, Dan Tarullo, Jeffrey A. Frankel, Jeffrey A. Frankel
The case of the Environment
Elena Ianchovichina, Aaditya Mattoo, Marcelo Olarreaga, Will Martin, Francis Ng, Arvind Subramanian, ...
Initiatives to improve market access for the poorest countries have recently been
Foreign Capital and Economic Growth (2007)
Prasad, Eswar., Rajan, Raghuram., Subramanian, Arvind.
Brookings Papers on Economic Activity - 2007, 1
Policies, Enforcement, and Customs Evasion: Evidence from India (2007)
Prachi Mishra, Arvind Subramanian, Prepared Prachi Mishra, Arvind Subramanian, Petia Topalova
This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF...
The Evolution of Institutions in India and its Relationship with Economic Growth (2007)
Arvind Subramanian, Ejaz Ghani, Ajay Chhibber, Shanta Devarajan, Nurul Islam, Simon Johnson, ...
Krishna Srinivasan, and S. Sriramachandran for useful discussions. This paper draws upon work with my colleagues, Prachi Mishra and Petia Topalova. An anonymous referee and the editors provided...
Forthcoming in the Economic and Political Weekly, June 2007.The author is grateful to (2007)
Arvind Subramanian, Udaibir Das, Olivier Jeanne, Simon Johnson, Sanjay Kathuria, Kalpana Kochhar, ...
discussions. On any liberal view, capital account convertibility (CAC) like free trade must be a consummation devoutly to be wished. At some deep level, the case for both is a moral one— the...
The Prospects for Sustained Growth in Africa: Benchmarking the Constraints (2007)
Prepared Simon Johnson, Jonathan D. Ostry, Arvind Subramanian
This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF...
Daron Acemoglu, Simon Johnson, Torsten Persson, Arvind Subramanian, David Weil, Pierre Yared
What is the effect of increasing life expectancy on economic growth? To answer this question, we exploit the international epidemiological transition, the wave of international health innovations and...
Aid, Dutch Disease, and Manufacturing Growth (2006)
Raghuram G. Rajan, Arvind Subramanian, John Hicklin, Nurul Islam, Simon Johnson, Aart Kraay, ...
We examine one of the most important and intriguing puzzles in economics: why it is so hard to find a robust effect of aid on the long-term growth of poor countries, even those with good policies. We...
1 The WTO Promotes Trade, Strongly But Unevenly (2006)
Arvind Subramanian, Shang-jin Wei, Alina Carare, Peter Clark, K. Michael Finger, Hildegunn Nordas, ...
WTO, Inter-American Development Bank for helpful suggestions and discussions. The authors would also like to thanks two anonymous referees and the editor (Bob Staiger) for comments that have...
Debt Overhang or Debt Irrelevance? Revisiting the Debt-Growth Link (2005)
Tito Cordella, Luca Antonio Ricci, Marta Ruiz-arranz, Prepared Tito Cordella, Luca Antonio Ricci, Marta Ruiz-arranz, ...
This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF...
1. THE “PARADOX OF PLENTY”: A CURSE IN NEED OF ALLEVIATION (2005)
Martin E. Sandbu, Joseph Bord, Teresa Faria, Kjersti Høgestøl, William Masters, Ebere Onwudiwe, ...
Countries rich in fuel and mineral resources tend to have worse development outcomes than other countries. Commodity rents free governments from the discipline of tax revenues, so that natural...
Antonio Spilimbergo, Arvind Subramanian
Initial inequality in endowments and opportunities, together with low average levels of endowments, can create constituencies in a society that combine to paralyze reforms, even though the status quo...
What Undermines Aid's Impact on Growth (2005)
Raghuram G. Rajan, Arvind Subramanian, From Chris Adam, Andy Berg, Abdoulaye Bio-tchané, Aleš Bulíř, ...
We examine one of the most important and intriguing puzzles in economics: why it is so hard to find a robust effect of aid on the long-term growth of poor countries, even those with good policies. We...
Aid and Growth: What Does the CrossCountry Evidence Really Show?" NBER Working Paper 11513 (2005)
Raghuram G. Rajan, Arvind Subramanian, Andy Berg, Nancy Birdsall, Oya Celasun, Ajay Chhibber, ...
We examine the effects of aid on growth in cross-sectional and panel data—after correcting for the possible bias that poorer (or stronger) growth may draw aid contributions to recipient countries....
Aid and Growth: What Does the CrossCountry Evidence Really Show?" NBER Working Paper 11513 (2005)
Raghuram G. Rajan, Arvind Subramanian, Jonathan Ostry, Ro Prati, Lant Pritchett, Steve Radelet, ...
We examine the effects of aid on growth in cross-sectional and panel data—after correcting for the possible bias that poorer (or stronger) growth may draw aid contributions to recipient countries....
From “Hindu Growth” to Productivity Surge: The Mystery (2004)
Prepared Dani Rodrik, Arvind Subramanian
This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF...
Dani Rodrik, Arvind Subramanian, Francesco Trebbi
We estimate the respective contributions of institutions, geography, and trade in determining income levels around the world, using recently developed instrumental variables for institutions and...
Prepared Dani Rodrik, Arvind Subramanian
This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF...
Addressing the natural resource curse: An illustration from Nigeria (2003)
Some natural resources--oil and minerals in particular--exert a negative and nonlinear impact on growth via their deleterious impact on institutional quality. We show this result to be very robust....
Addressing the Natural Resource Curse: An Illustration from Nigeria (2003)
Sala I Martín, Xavier, Subramanian, Arvind
Some natural resourcesoil and minerals in particularexert a negative and nonlinear impact on growth via their deleterious impact on institutional quality. We show this result to be very robust....
Addressing the natural resource curse: An illustration from Nigeria (2003)
Some natural resources-oil and minerals in particular-exert a negative and nonlinear impact on growth via their deleterious impact on institutional quality. We show this result to be very robust. The...
Aaditya Mattoo, Devesh Roy, Arvind Subramanian
This paper describes the United States recently enacted Africa Growth and Opportunity Act (AGOA) and assesses its quantitative impact on African exports. The AGOA expands the scope of preferential...
Dani Rodrik, Dani Rodrik, Dani Rodrik, Francesco Trebbi, Francesco Trebbi, Francesco Trebbi, ...
The views expressed in this paper are the authors ’ own and not of the institutions with which they are affiliated. We thank Chad Jones, James Robinson, Will Masters, and participants at the...
Aaditya Mattoo, Devesh Roy, Arvind Subramanian
This paper describes the recently enacted Africa Growth and Opportunity Act (AGOA) and assesses its quantitative impact on African exports. AGOA expands the scope of preferential access of...
“Efficiency ” as the Achievement of Objectives (2000)
Jeffrey A. Frankel, Arvind Subramanian, Dan Tarullo, Jeffrey A. Frankel
The case of the Environment
India's Pattern of Development: What Happened, What Follows?
Raghuram Rajan, Utsav Kumar, Ioannis Tokatlidis, Kalpana Kochhar, Arvind Subramanian
India has followed an idiosyncratic pattern of development, certainly compared with other fast-growing Asian economies. While the importance of services rather than manufacturing is widely noted,...
Aid and Growth: What Does the Cross-Country Evidence Really Show?
Raghuram G. Rajan, Arvind Subramanian
We examine the effects of aid on growth--in cross-sectional and panel data--after correcting for the bias that aid typically goes to poorer countries, or to countries after poor performance. Even...
Hoekman, Bernard, Subramanian, Arvind
The Uruguay Round will generally have a limited impact on Egyptian policies affecting goods, investment, and services. It will have a more significant impact on intellectual property, although this...
India's Patterns of Development: What Happened, What Follows
Kalpana Kochhar, Utsav Kumar, Raghuram Rajan, Arvind Subramanian
India seems to have followed an idiosyncratic pattern of development, certainly compared to other fast-growing Asian economies. While the emphasis on services rather than manufacturing has been...
Aid and Growth: What Does the Cross-Country Evidence Really Show?
Raghuram Rajan, Arvind Subramanian
We examine the effects of aid on growth-- in cross-sectional and panel data--after correcting for the bias that aid typically goes to poorer countries, or to countries after poor performance. Even...
What Undermines Aid's Impact on Growth?
Raghuram Rajan, Arvind Subramanian
We examine one of the most important and intriguing puzzles in economics: why it is so hard to find a robust effect of aid on the long-term growth of poor countries, even those with good policies. We...
What Undermines Aid's Impact on Growth?
Raghuram G. Rajan, Arvind Subramanian
We examine one of the most important and intriguing puzzles in economics: why it is so hard to find a robust effect of aid on the long-term growth of poor countries, even those with good policies. We...
After the Big Push? Fiscal and Institutional Implications of Large Aid Increases
There are indications that overseas development assistance budgets will continue to increase in coming years, spurred in part by growing calls for a ‘Big Push’ in aid to the poorest countries. In...
Arvind Subramanian, Natalia T. Tamirisa
The popular impression that Africa has not integrated into world trade, as suggested by the evolution in simple indicators, has been called into question recently by more formal analysis. This paper...
Who Can Explain the Mauritian Miracle: Meade, Romer, Sachs, or Rodrik?
Devesh Roy, Arvind Subramanian
This paper examines different explanations-initial conditions, openness to trade and FDI, and institutions-of the Mauritian growth experience since the mid-1970s. We show that arguments based on...
What Does South Africa's Pattern of Trade Say About Its Labor Markets?
This paper examines the factor intensity of South Africa's trade. The conclusion is that South Africa is revealed though its trade pattern to be capital abundant (relative to labor). Surprisingly,...
The WTO Promotes Trade, Strongly But Unevenly
Subramanian, Arvind, Wei, Shang-Jin
This paper furnishes robust evidence that the WTO has had a powerful and positive impact on trade, amounting to about 120% of additional world trade (or US$8 trillion in 2003 alone). The impact has,...
Policies, Enforcement, and Customs Evasion: Evidence from India
Petia Topalova, Prachi Mishra, Arvind Subramanian
We examine the effect of tariff policies on evasion of customs duties, in the context of the trade reform in India of the 1990s. We exploit the variation in tariff rates across time and products to...
The Prospects for Sustained Growth in Africa: Benchmarking the Constraints
Simon Johnson, Jonathan David Ostry, Arvind Subramanian
A dozen countries had weak institutions in 1960 and yet sustained high rates of growth subsequently. We use data on their characteristics early in the growth process to create benchmarks with which...
Foreign Capital and Economic Growth
Eswar S. Prasad, Raghuram G. Rajan, Arvind Subramanian
We document the recent phenomenon of "uphill" flows of capital from nonindustrial to industrial countries and analyze whether this pattern of capital flows has hurt growth in nonindustrial economies...
Addressing the natural resource curse: An illustration from Nigeria
Xavier Sala-i-Martin, Arvind Subramanian
Some natural resourcesil and minerals in particularxert a negative and nonlinear impact on growth via their deleterious impact on institutional quality. We show this result to be very robust. The...
Foreign Capital and Economic Growth
Eswar S. Prasad, Raghuram G. Rajan, Arvind Subramanian
Nonindustrial countries that have relied more on foreign finance have not grown faster in the long run as standard theoretical models predict. The reason may lie in these countries’ limited ability...
India and the multilateral trading system after Seattle - toward a proactive role
Mattoo, Aaditya, Subramanian, Arvind
The authors argue that India should engage more actively in the multilateral trading system for four reasons: First, such engagement could facilitate domestic reform, and improve access to export...
Measuring services trade liberalization and its impact on economic growth : an illustration
Mattoo, Aaditya, Rathindran, Randeep, Subramanian, Arvind
The authors explain how the output growth effect from liberalizing the service sectors differs from the effect from liberalizing trade in goods. They also suggest using a policy-based rather than...
The Africa Growth and Opportunity Act and its rules of origin : generosity undermined?
Mattoo, Aaditya, Roy, Devesh, Subramanian, Arvind
The African Growth and Opportunity Act (AGOA), signed into American law on May 18, 2000, is a major plank of U.S. initiatives toward the African continent. The Act aims broadly at improving economic...
The WTO and the poorest countries: the stark reality
MATTOO, AADITYA, SUBRAMANIAN, ARVIND
Small and poor countries pose a challenge for the World Trade Organization (WTO). These countries have acquired a significant say in WTO decision-making. However, they have limited ability to engage...
MATTOO, AADITYA, SUBRAMANIAN, ARVIND
We are grateful to the commentators for their valuable observations. We cannot do justice to the full range of comments we have received. Below we respond briefly to some of the issues raised.
India's pattern of development: What happened, what follows?
Kochhar, Kalpana, Kumar, Utsav, Rajan, Raghuram, Subramanian, Arvind, Tokatlidis, Ioannis
Dynamic Gains from Trade: Evidence from South Africa
By Gunnar Jonsson, Arvind Subramanian
This paper examines the empirical relationship between trade and total factor productivity (TFP) in South Africa. Using data on actual trade protection across different manufacturing sectors, it is...
Is Africa Integrated in the Global Economy?
Arvind Subramanian, Natalia T. Tamirisa
The popular impression that Africa has not integrated into world trade, as suggested by the evolution in simple indicators, has been called into question recently by more formal analysis. This paper...
Patterns of international capital flows and their implications for economic development
Eswar Prasad, Raghuram G. Rajan, Arvind Subramanian
Capital ; Economic development
The Missing Globalization Puzzle: Evidence of the Declining Importance of Distance
David T Coe, Arvind Subramanian, Natalia T Tamirisa
Globalization can be characterized as the rapid increase in international trade spurred by advances in technology that have decreased the cost of trade. As costs have declined, so too, it would seem,...
The Political Economy of Nominal Macroeconomic Pathologies
Shanker Satyanath, Arvind Subramanian
Recognizing that inflation and the macroeconomic policies that affect it can emanate from distributional conflicts in society, we examine the deep determinants of several nominal pathologies and...
Foreign Capital and Economic Growth
Eswar S. Prasad, Raghuram G. Rajan, Arvind Subramanian
Nonindustrial countries that have relied more on foreign finance have not grown faster in the long run as standard theoretical models predict. The reason may lie in these countries’ limited ability...
Foreign Capital and Economic Growth
Eswar S. Prasad, Raghuram G. Rajan, Arvind Subramanian
Nonindustrial countries that have relied more on foreign finance have not grown faster in the long run as standard theoretical models predict. The reason may lie in these countries’ limited ability...
Dani Rodrik, Arvind Subramanian, Francesco Trebbi
We estimate the respective contributions of institutions, geography, and trade in determining income levels around the world, using recently developed instrumental variables for institutions and...
Rodrik, Dani, Subramanian, Arvind, Trebbi, Francesco
We estimate the respective contributions of institutions, geography, and trade in determining income levels around the world, using recently developed instruments for institutions and trade. Our...
From 'Hindu Growth' to Productivity Surge: The Mystery of the Indian Growth Transition
Rodrik, Dani, Subramanian, Arvind
Most conventional accounts of India’s recent economic performance associate the pick-up in economic growth with the liberalization of 1991. This Paper demonstrates that the transition to high...
Is Africa Integrated in the Global Economy?
Arvind Subramanian, Natalia T. Tamirisa
The popular impression that Africa has not integrated into world trade, as suggested by the evolution in simple indicators, has been called into question recently by more formal analysis. This paper...
Dynamic Gains from Trade: Evidence from South Africa
By Gunnar Jonsson, Arvind Subramanian
This paper examines the empirical relationship between trade and total factor productivity (TFP) in South Africa. Using data on actual trade protection across different manufacturing sectors, it is...
Optimal Tariffs - Theory and Practice
Arvind Subramanian, Ali Ibrahim
Tariffs , Tariff reforms , Tariff structures ,
Effects of the Uruguay Round on Egypt and Morocco
Clinton R. Shiells, Arvind Subramanian, Peter Uimonen
Multilateral trade negotiations , Egypt , Morocco , Exports , Imports , Tariffs ,
The Egyptian Stabilization Experience - An Analytical Retrospective
Economic stabilization , Egypt , Fiscal policy , Monetary policy , Financial systems , Exchange rates ,
Dynamic Gains from Trade - Evidence from South Africa
Gunnar Jonsson, Arvind Subramanian
Trade , South Africa , Trade liberalization , Productivity ,
The Africa Growth and Opportunity Act and Its Rules of Origin: Generosity Undermined?
Devesh Roy, Aaditya Mattoo, Arvind Subramanian
This paper describes the United States recently enacted Africa Growth and Opportunity Act (AGOA) and assesses its quantitative impact on African exports. The AGOA expands the scope of preferential...
The Missing Globalization Puzzle
Rikhil Bhavnani, David T. Coe, Arvind Subramanian, Natalia T. Tamirisa
The failure of declining trade-related costs to be reflected in estimates of the standard gravity model of bilateral trade might be called the "missing globalization puzzle." This puzzle is most...
Dani Rodrik, Francesco Trebbi, Arvind Subramanian
We estimate the respective contributions of institutions, geography, and trade in determining cross-country income levels using recently developed instruments for institutions and trade. Our results...
Addressing the Natural Resource Curse: An Illustration from Nigeria
Arvind Subramanian, Xavier Sala-i-Martin
Some natural resources-oil and minerals in particular-exert a negative and nonlinear impact on growth via their deleterious impact on institutional quality. We show this result to be very robust. The...
What Would a Development-Friendly WTO Architecture Really Look Like?
Aaditya Mattoo, Arvind Subramanian
This paper elaborates on a number of key principles that need to underpin a coherent and development-friendly architecture for the WTO. The key principles include enlarging the scope of WTO...
The WTO Promotes Trade, Strongly but Unevenly
Arvind Subramanian, Shang-Jin Wei
This paper furnishes robust evidence that the GATT/WTO has had a powerful and positive impact on trade. The impact has, however, been uneven. GATT/WTO membership for industrial countries has been...
From "Hindu Growth" to Productivity Surge: The Mystery of the Indian Growth Transition
Dani Rodrik, Arvind Subramanian
This paper explores the causes of India's productivity surge around 1980, more than a decade before serious economic reforms were initiated. Trade liberalization, expansionary demand, a favorable...
Why India Can Grow at 7 Percent a Year or More: Projections and Reflections
Dani Rodrik, Arvind Subramanian
Using a simple growth accounting framework, we project India's future potential output growth rate through 2025. We argue that there is perhaps more upside potential than downside risks to our...
The WTO and the Poorest Countries: The Stark Reality
Aaditya Mattoo, Arvind Subramanian
Small and poor countries pose a challenge for the World Trade Organization (WTO). These countries have acquired a significant say in WTO decision-making. However, they have limited ability to engage...
Addressing the Natural Resource Curse: An Illustration from Nigeria
Xavier Sala-i-Martín, Arvind Subramanian
Some natural resources—oil and minerals in particular—exert a negative and nonlinear impact on growth via their deleterious impact on institutional quality. We show this result to be very robust....
From "Hindu Growth" to Productivity Surge: The Mystery of the Indian Growth Transition
Rodrik, Dani, Subramanian, Arvind
Most conventional accounts of India's recent economic performance associate the pick-up in economic growth with the liberalization of 1991. This paper demonstrates that the transition to high growth...
Currency undervaluation and sovereign wealth funds : a new role for the World Trade Organization
Mattoo, Aaditya, Subramanian, Arvind
Two aspects of global imbalances - undervalued exchange rates and sovereign wealth funds - require a multilateral response. For reasons of inadequate leverage and eroding legitimacy, the...
Mattoo, Aaditya, Subramanian, Arvind
There is a fundamental shift taking place in the world economy to which the multilateral trading system has failed to adapt. The Doha process focused on issues of limited significance while the...
Currency Undervaluation and Sovereign Wealth Funds: A New Role for the World Trade Organization
Aaditya Mattoo, Arvind Subramanian
Two aspects of global imbalances--undervalued exchange rates and sovereign wealth funds (SWFs--require a multilateral response. For reasons of inadequate leverage and eroding legitimacy, the...
Dani Rodrik, Arvind Subramanian, Francesco Trebbi
We estimate the respective contributions of institutions, geography, and trade in determining income levels around the world, using recently developed instruments for institutions and trade. Our...
Addressing the Natural Resource Curse: An Illustration from Nigeria
Xavier Sala-i-Martin, Arvind Subramanian
Some natural resources -- oil and minerals in particular -- exert a negative and nonlinear impact on growth via their deleterious impact on institutional quality. We show this result to be very...
The WTO Promotes Trade, Strongly But Unevenly
Arvind Subramanian, Shang-Jin Wei
Contrary to the recent literature that concludes that the GATT/WTO has been completely ineffective in promoting world trade, this paper furnishes robust evidence that the institution has had a...
From "Hindu Growth" to Productivity Surge: The Mystery of the Indian Growth Transition
Dani Rodrik, Arvind Subramanian
Most conventional accounts of India's recent economic performance associate the pick-up in economic growth with the liberalization of 1991. This paper demonstrates that the transition to high growth...
The Prospects for Sustained Growth in Africa: Benchmarking the Constraints
Simon Johnson, Jonathan D. Ostry, Arvind Subramanian
A dozen countries had weak institutions in 1960 and yet sustained high rates of growth subsequently. We use data on their characteristics early in the growth process to create benchmarks with which...
Foreign Capital and Economic Growth
Eswar S. Prasad, Raghuram G. Rajan, Arvind Subramanian
We document the recent phenomenon of "uphill" flows of capital from nonindustrial to industrial countries and analyze whether this pattern of capital flows has hurt growth in nonindustrial economies...
Aaditya Mattoo, Arvind Subramanian
A fundamental shift is taking place in the world economy to which the multilateral trading system has failed to adapt. The Doha process focused on issues of limited significance while the burning...
Aid and Growth: What Does the Cross-Country Evidence Really Show?
Raghuram G. Rajan, Arvind Subramanian
We examine the effects of aid on growth in cross-sectional and panel data-after correcting for the possible bias that poorer (or stronger) growth may draw aid contributions to recipient countries....
Arvind Subramanian, Aaditya Mattoo
There is a fundamental shift taking place in the world economy to which the multilateral trading system has failed to adapt. The Doha process focused on issues of limited significance while the...
Tariffs, enforcement, and customs evasion: Evidence from India
Mishra, Prachi, Subramanian, Arvind, Topalova, Petia
We examine the effect of tariff policies on evasion of customs duties, in the context of the trade reform in India of the 1990s. By exploiting the variation in tariff rates across time and products,...
The Political Economy of Nominal Macroeconomic Pathologies
Arvind Subramanian, Shanker Satyanath
Recognizing that inflation and the macroeconomic policies that affect it can emanate from distributional conflicts in society, we examine the deep determinants of several nominal pathologies and...
Why Did Financial Globalization Disappoint?
Dani Rodrik, Arvind Subramanian
The stylized fact that there is no correlation between long-run economic growth and financial globalization has spawned a recent literature that purports to provide newer evidence and arguments in...
The Mauritian Success Story and its Lessons
This paper examines different explanations.initial conditions, openness to trade and FDI, and institutions.of the Mauritian growth experience since the mid-1970s. We show that arguments based on...
Currency Undervaluation and Sovereign Wealth Funds: A New Role for the World Trade Organization
Aaditya Mattoo, Arvind Subramanian
Two aspects of global imbalances - undervalued exchange rates and sovereign wealth funds - require a multilateral response. For reasons of inadequate leverage and eroding legitimacy, the...
Criss-Crossing Globalization: Uphill Flows of Skill-Intensive Goods and Foreign Direct Investment
Aaditya Mattoo, Arvind Subramanian
This paper documents an unusual and possibly significant phenomenon: the export of skills embodied in goods, services, or capital from poorer to richer countries. We first present a set of stylized...
Criss-crossing globalization : uphill flows of skill-intensive goods and foreign direct investment
Mattoo, Aaditya, Subramanian, Arvind
This paper documents an unusual and possibly significant phenomenon: the export of skills, embodied in goods, services or capital from poorer to richer countries. The authors first present a set of...
Criss-Crossing Globalization: Uphill Flows of Skill-Intensive Goods and Foreign Direct Investment
Aaditya Mattoo, Arvind Subramanian
This paper documents an unusual and possibly significant phenomenon: the export of skills, embodied in goods, services or capital from poorer to richer countries. We first present a set of stylized...
Is Newer Better? Penn World Table Revisions and Their Impact on Growth Estimates
Simon Johnson, William Larson, Chris Papageorgiou, Arvind Subramanian
This paper sheds light on two problems in the Penn World Table (PWT) GDP estimates. First, we show that these estimates vary substantially across different versions of the PWT despite being derived...
Reconciling climate change and trade policy
Mattoo, Aaditya, Subramanian, Arvind, Van Der Mensbrugghe, Dominique, He, Jianwu
There is growing clamor in industrial countries for additional border taxes on imports from countries with lower carbon prices. The authors confirm the findings of other research that unilateral...
Can global de-carbonization inhibit developing country industrialization ?
Mattoo, Aaditya, Subramanian, Arvind, Van Der Mensbrugghe, Dominique, He, Jianwu
Most economic analyses of climate change have focused on the aggregate impact on countries of mitigation actions. The authors depart first in disaggregating the impact by sector, focusing...