 | Spillover Effects of Exchange Rates: A Study of the Renminbi Author/Editor: Aaditya Mattoo, Prachi Mishra, Arvind Subramanian. Release Date:March, 2012 This paper estimates the impact of China's exchange rate changes on exports of competitor countries in third markets, which we call the spillover effect. We use recent theory to develop an more...
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 | The Prospects for Sustained Growth in Africa Author/Editor: Arvind Subramanian, Jonathan David Ostry, Simon Johnson. Release Date:March, 2007 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 more...
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 | Policies, Enforcement, and Customs Evasion : Evidence from India Author/Editor: Prachi Mishra, Arvind Subramanian, Petia Topalova. Release Date:March, 2007 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 more...
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 | India's Pattern of Development : What Happened, What Follows? Author/Editor: Arvind Subramanian, Raghuram Rajan, Ioannis Tokatlidis, Kalpana Kochhar, Utsav Kumar. Release Date:January, 2006 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, more...
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 | What Undermines Aid's Impact on Growth? Author/Editor: Arvind Subramanian, Raghuram Rajan. Release Date:June, 2005 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 more...
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 | Aid and Growth : What Does the Cross-Country Evidence Really Show? Author/Editor: Raghuram Rajan, Arvind Subramanian. Release Date:June, 2005 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 more...
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 | What Determines Long-Run Macroeconomic Stability? Democratic Institutions Author/Editor: Arvind Subramanian, Shanker Satyanath. Release Date:November, 2004 We examine the deep determinants of long-run macroeconomic stability in a cross-country framework. We find that conflict, openness, and democratic political institutions have a strong and more...
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 | Why India Can Grow At 7 Percent a Year or More : Projections and Reflections Author/Editor: Dani Rodrik, Arvind Subramanian. Release Date:July, 2004 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 more...
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 | From "Hindu Growth" to Productivity Surge : The Mystery of the Indian Growth Transition Author/Editor: Dani Rodrik, Arvind Subramanian. Release Date:May, 2004 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 more...
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 | The WTO and the Poorest Countries : The Stark Reality Author/Editor: Aaditya Mattoo, Arvind Subramanian. Release Date:May, 2004 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 more...
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