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On Graduation from Fiscal Procyclicality
(John F. Kennedy School of Government, Harvard University, 2012)
In the past, industrial countries have tended to pursue countercyclical or, at worst, acyclical fiscal policy. In sharp contrast, emerging and developing countries have followed procyclical fiscal policy, thus exacerbating ...
The Dynamics of Nestedness Predicts the Evolution of Industrial Ecosystems
(Public Library of Science, 2012)
In economic systems, the mix of products that countries make or export has been shown to be a strong leading indicator of economic growth. Hence, methods to characterize and predict the structure of the network connecting ...
International Knowledge Diffusion and the Comparative Advantage of Nations
(John F. Kennedy School of Government, Harvard University, 2012)
In this paper we document that the probability that a product is added to a country’s export basket is, on average, 65% larger if a neighboring country is a successful exporter of that same product. We interpret our result ...
Empirical Confirmation of Creative Destruction from World Trade Data
(John F. Kennedy School of Government, Harvard University, 2012)
We show that world trade network datasets contain empirical evidence that the dynamics of innovation in the world economy follows indeed the concept of creative destruction, as proposed by J.A. Schumpeter more than half a ...
What Small Countries Can Teach the World
(Palgrave Macmillan, 2012)
In the past, various great powers have taken the stage as models of economic and social development. Examples such as Great Britain, the Soviet Union, Japan, and the United States have had their time in the spotlight that ...
The Natural Resource Curse: A Survey of Diagnoses and Some Prescriptions
(John F. Kennedy School of Government, Harvard University, 2012)
Countries with oil, mineral or other natural resource wealth, on average, have failed to show better economic performance than those without, often because of undesirable side effects. This is the phenomenon known as the ...