Author/Editor: Delano Villanueva.

Release Date:December, 1996

This paper proposes a model of endogenous economic growth and distribution explicitly incorporating social extraction and political competition, with an application to the Philippine historical more...

Author/Editor: Malcolm D Knight, Delano Villanueva, Norman Loayza.

Release Date:May, 1995

Although conventional wisdom suggests that reducing military spending may improve a country’s economic growth performance, empirical studies have produced ambiguous results. This paper more...

Author/Editor: Delano Villanueva.

Release Date:September, 1993

Author/Editor: Delano Villanueva.

Release Date:July, 1993

The model developed here postulates that learning through experience plays a critical role in raising labor productivity over time, with three major consequences. First, the steady-state growth rate more...

Author/Editor: Delano Villanueva.

Release Date:May, 1993

A robust empirical determinant of long-term economic growth in many developing countries has been the expansion and diversification of the export sector. The latter, in turn, has been influenced by more...

Author/Editor: Malcolm D Knight, Delano Villanueva, Norman Loayza.

Release Date:December, 1992

Several recent empirical studies have examined determinants of economic growth using country average (cross-section) data. In contrast, this paper employs a technique for using a panel of both more...

Author/Editor: Kent Osband, Delano Villanueva.

Release Date:July, 1992

This paper provides an analytic overview of independent currency authorities (ICAs), sometimes called currency boards. ICAs issue and redeem domestic currency against an exchange standard on demand more...

Author/Editor: Delano Villanueva, Mohsin S Khan.

Release Date:March, 1991

This paper reviews the theoretical and empirical aspects of the relationship between macroeconomic policies and the long-run rate of growth of GNP. The macroeconomic policies examined include fiscal more...