Showing results 1 - 6 of 6
| Eric Werker
Are economic rents good for development? Evidence from the manufacturing sector. Eric Werker, December 2018, Paper, "Are rents, or excess profits, good for development? Rents could induce firms to lobby or bribe governments to preserve the status quo; on the other hand, rents may promote growth by giving firms the needed funds to make investments in fixed capital or research and development. To test this question empirically, we use a panel of…
| Eric Werker
Mapping Frontier Economies. Aldo Musacchio, Eric Werker, December 2016, Paper, "Global players in search of double-digit growth are running out of opportunities. Emerging-market giants such as Brazil, Russia, and China are experiencing an economic slowdown. They are increasingly expensive as a base for operations, and it’s harder to export to and import from these countries than it used to be."…
| Eric Werker
Developing Countries and International Organizations: Introduction to the Special Issue. Eric Werker, April 30, 2016, Paper. "We describe four megatrends since the end of the Cold War that relate to developing countries: a greater share of the global economy; more accessible technologies, particularly in communication; breakthroughs in global cooperation in tackling basic human needs; and the evolution of a complex set of problems in spite of…
| Eric Werker
Profits and Economic Development. Eric Werker, April 3, 2014, Paper. "Are rents, or excess profits, good for development? Using industry-level manufacturing data, this paper demonstrates a negative effect of rents, measured by the mark-up ratio, on productivity growth. The negative effect is strongest in poor countries, suggesting that high profits stymie economic development rather than enable it. Consistent with the rent-seeking mechanism of…
| John Macomber | Robert Pozen | Eric Werker
Detroit Has Filed For Bankruptcy. Now What?. John Macomber, Robert C. Pozen, Eric D. Werker, July 24, 2013, Opinion. "Once the hub of American manufacturing, Detroit has long been in a state of economic decline. The rubber finally hit the road last week, when the city filed for bankruptcy protection. The challenges ahead for all those people and organizations that call the Motor City home are daunting, from a relentlessly declining tax base to a…
| Eric Werker
Learning from double-digit growth experiences. Eric Werker, March 2013, Paper. "This extended memorandum identifies episodes of sustained double-digit growth in real GDP, defined as a compound annual growth rate of 10 percent or more over a period of 8 years or longer. Using a measure of real GDP reported in the World Development Indicators, we identify 33 country-episodes of double-digit growth since 1960. The narrative of each episode is…