WorldCat Identities

Subramanian, Arvind

Works: 144 works in 580 publications in 1 language and 6,182 library holdings
Roles: Author, Editor, Other
Classifications: HF3892.Z5, 382.09676
Publication Timeline
Most widely held works by Arvind Subramanian
Trade and trade policies in eastern and southern Africa by Arvind Subramanian( Book )

14 editions published in 2000 in English and Undetermined and held by 400 WorldCat member libraries worldwide

Since the early 1990s, many countries in sub-Saharan Africa have made significant progress in opening their economies to external competition through trade and currency liberalization. This paper analyzes trade and policy developments for 22 countries in eastern and southern Africa, looks at regional and multilateral integration issues, and reflects on the main challenges these countries face in the new decade. It addresses the main trade policy issues for these countries and suggests possible actions they and their trading partners could follow
Towards a better global economy : policy implications for citizens worldwide in the twenty-first century by Franklin Allen( Book )

5 editions published between 2014 and 2016 in English and held by 156 WorldCat member libraries worldwide

"This book examines the factors that are most likely to facilitate the process of beneficial economic growth in low-, middle-, and high-income countries. It examines past, present, and future economic growth; demographic changes; the hyperglobalization of trade; the effect of finance on growth; climate change and resource depletion; and the sense of global citizenship and the need for global governance in order to draw longer-term implications, identify policy options for improving the lives of average citizens around the world, and make the case for the need to confront new challenges with truly global policy responses. The book documents how demographic changes, convergence, and competition are likely to bring about massive shifts in the sectoral and geographical composition of global output and employment, as the center of gravity of the global economy moves toward Asia and emerging economies elsewhere. It shows that the legacies of the 2008-09 crisis--high unemployment levels, massive excess capacities, and high debt levels--are likely to reduce the standard of living of millions of people in many countries over a long period of adjustment and that fluctuations in international trade, financial markets, and commodity prices, as well as the tendency of institutions at both the national and international level to favor the interests of the better-off and more powerful pose substantial risks for citizens of all countries."--Publisher description
Greenprint : a new approach to cooperation on climate change by Aaditya Mattoo( Book )

9 editions published in 2013 in English and Undetermined and held by 142 WorldCat member libraries worldwide

Beleaguered by mutual recrimination between rich and poor countries, squeezed by the zero-sum arithmetic of a shrinking global carbon budget, and overtaken by shifts in economic and hence bargaining power between these countries, international cooperation on climate change has floundered. Given these three factors --which Arvind Subramanian and Aaditya Mattoo call the "narrative," "adding up," and "new world" problems --the wonder is not the current impasse; it is, rather, the belief that progress might be possible at all. In this book, the authors argue that any chance of progress must address each of these problems in a radically different way. First, the old narrative of recrimination must cede to a narrative based on recognition of common interests. Second, leaders must shift the focus away from emissions cuts to technology generation. Third, the old "cash-for-cuts" approach must be abandoned for one that requires contributions from all countries calibrated in magnitude and form to their current level of development and future prospects
India's turn : understanding the economic transformation( Book )

2 editions published in 2008 in English and held by 137 WorldCat member libraries worldwide

On economic policies pursued in Indian economy post 1991 watershed year; articles co-authored with many other writers
Who needs to open the capital account by Olivier Jeanne( Book )

5 editions published in 2012 in English and held by 137 WorldCat member libraries worldwide

Most countries emerged from the Second World War with capital accounts that were closed to the rest of the world. Since then, a process of capital account opening has occurred, with the result that all developed and many emerging-market countries now have capital accounts that are both de facto and de jure open, while many developing countries also have de facto openness. This study examines this in part by considering some of the first lessons from the current global financial crisis. This crisis may change the terms of the debate on capital account liberalization in a deeper and more lasting way than any of the crises of the past two decades because it may mark a reversal in the secular trend of financial liberalization at the core of the international financial system. The current crisis also raises new questions about the appropriate policy responses to boom-bust dynamics in domestic credit and in international credit flows. Intellectual consistency is needed between the domestic and international dimensions of financial regulation and the policies aimed at dealing with boom-bust dynamics in domestic and international credit
Institutions rule : the primacy of institutions over geography and integration in economic development by Dani Rodrik( Book )

31 editions published in 2002 in English and Undetermined and held by 95 WorldCat member libraries worldwide

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 results indicate that the quality of institutions trumps' everything else. Once institutions are controlled for, measures of geography have at best weak direct effects on incomes, although they have a strong indirect effect by influencing the quality of institutions. Similarly, once institutions are controlled for, trade is almost always insignificant, and often enters the income equation with the wrong' (i.e., negative) sign, although trade too has a positive effect on institutional quality. We relate our results to recent literature, and where differences exist, trace their origins to choices on samples, specification, and instrumentation
The WTO promotes trade, strongly but unevenly by Arvind Subramanian( Book )

27 editions published between 2003 and 2005 in English and held by 81 WorldCat member libraries worldwide

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 powerful and positive impact on trade. The impact has, however, been uneven. GATT/WTO membership for industrial countries has been associated with a large increase in imports estimated at about 44 percent of world trade. The same has not been true for developing country members, although those that joined after the Uruguay Round have benefited from increased imports. Similarly, there has been an asymmetric impact between sectors. These results are consistent with the history and design of the institution
From "Hindu growth" to productivity surge : the mystery of the Indian growth transition by Dani Rodrik( Book )

26 editions published in 2004 in English and Undetermined and held by 78 WorldCat member libraries worldwide

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 occured around 1980, a full decade before economic liberalization. We investigate a number of hypotheses about the causes of this growth favorable external environment, fiscal stimulus, trade liberalization, internal liberalization, the green revolution, public investment and find them wanting. We argue that growth was triggered by an attitudinal shift on the part of the national government towards a pro-business (as opposed to pro-liberalization) approach. We provide some evidence that is consistent with this argument. We also find that registered manufacturing built up in previous decades played an important role in influencing the pattern of growth across the Indian states
India and the multilateral trading system after Seattle : toward a proactive role by Aaditya Mattoo( Book )

11 editions published between 1999 and 2000 in English and held by 72 WorldCat member libraries worldwide

Mattoo and Subramanian argue that india should engage more actively in the multilateral trading system, to help facilitate and consolidate domestic reform and to gain access to export markets for India's goods and services
Addressing the natural resource curse : an illustration from Nigeria by Xavier Sala-i-Martin( Book )

22 editions published in 2003 in English and Undetermined and held by 69 WorldCat member libraries worldwide

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 Nigerian experience provides telling confirmation of this aspect of natural resources. Waste and poor institutional quality stemming from oil appear to have been primarily responsible for Nigeria's poor long-run economic performance. We propose a solution for addressing this resource curse which involves directly distributing the oil revenues to the public. Even with all the difficulties that will no doubt plague its actual implementation, our proposal will, at the least, be vastly superior to the status quo. At best, however, it could fundamentally improve the quality of public institutions and, as a result, durably raise long-run growth performance
Aid and growth : what does the cross-country evidence really show? by Raghuram Rajan( Book )

14 editions published in 2005 in English and held by 51 WorldCat member libraries worldwide

"We examine the effects of aid on growth--in cross-sectional and panel data--after correcting for thebias that aid typically goes to poorer countries, or to countries after poor performance. Even after thiscorrection, we find little robust evidence of a positive (or negative) relationship between aid inflowsinto a country and its economic growth. We also find no evidence that aid works better in betterpolicy or geographical environments, or that certain forms of aid work better than others. Ourfindings, which relate to the past, do not imply that aid cannot be beneficial in the future. But theydo suggest that for aid to be effective in the future, the aid apparatus will have to be rethought. Ourfindings raise the question: what aspects of aid offset what ought to be the indisputable growthenhancing effects of resource transfers? Thus, our findings support efforts under way at national andinternational levels to understand and improve aid effectiveness"--National Bureau of Economic Research web site
What undermines aid's impact on growth? by Raghuram Rajan( Book )

15 editions published in 2005 in English and held by 49 WorldCat member libraries worldwide

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 look for a possible offset to the beneficial effects of aid, using a methodology that exploits both cross-country and within-country variation. We find that aid inflows have systematic adverse effects on a country's competitiveness, as reflected in a decline in the share of labor intensive and tradable industries in the manufacturing sector. We find evidence suggesting that these effects stem from the real exchange rate overvaluation caused by aid inflows. By contrast, private-to-private flows like remittances do not seem to create these adverse effects. We offer an explanation why and conclude with a discussion of the policy implications of these findings
The prospects for sustained growth in Africa : benchmarking the constraints by Simon Johnson( Book )

20 editions published in 2007 in English and Undetermined and held by 41 WorldCat member libraries worldwide

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 to evaluate potential constraints on sustained growth for sub-Saharan Africa. This analysis suggests that what are usually regarded as first-order problems -- broad institutions, macroeconomic stability, trade openness, education, and inequality -- may not nowbe binding constraints in Africa, although the extent of ill-health, internal conflict, and societal fractionalization do stand out as problems in contemporary Africa. A key question is to what extent Africa can rely on manufactured exports as a mode of "escape from underdevelopment," a strategy successfully deployed by almost all the benchmark countries. The benchmarking comparison specifically raises two key concerns as far as a development strategy based on expanding exports of manufactures is concerned: micro-level institutions that affect the costs of exporting, and the level of the real exchange rate -- especially the need to avoid overvaluation
Currency undervaluation and sovereign wealth funds : a new role for the World Trade Organization by Aaditya Mattoo( )

11 editions published between 2008 and 2012 in English and Undetermined and held by 40 WorldCat member libraries worldwide

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 International Monetary Fund has not been effective in dealing with undervalued exchange rates. This paper proposes new rules in the World Trade Organization to discipline cases of significant undervaluation that are clearly attributable to government action. The rationale for WTO involvement is that there are large trade consequences of undervalued exchange rates, which act as both import tariffs and export subsidies, and that the WTO's enforcement mechanism is credible and effective. The World Trade Organization would not be involved in exchange rate management, and would not displace the International Monetary Fund. Rather, the authors suggest ways to harness the comparative advantage of the two institutions, with the International Monetary Fund providing the essential technical expertise in the World Trade Organization's enforcement process. There is a bargain to be struck between countries with sovereign wealth funds, which want secure and liberal access for their capital, and capital-importing countries, which have concerns about the objectives and operations of sovereign wealth funds. The World Trade Organization is the natural place to strike this bargain. Its General Agreement on Trade in Services, already covers investments by sovereign wealth funds, and other agreements offer a precedent for designing disciplines for these funds. Placing exchange rates and sovereign wealth funds on the trade negotiating agenda may help revive the Doha Round by rekindling the interest of a wide variety of groups
Multilateralism beyond Doha by Aaditya Mattoo( )

9 editions published between 2008 and 2012 in English and held by 37 WorldCat member libraries worldwide

"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 burning issues of the day were not even on the negotiating agenda. This paper advances five propositions: (i) the traditional negotiating dynamic, driven by private sector interests largely in the rich countries, is running out of steam; (ii) the world economy is moving broadly from conditions of relative abundance to relative scarcity, and so economic security has become a paramount concern for consumers, workers, and ordinary citizens; (iii) international economic integration can contribute to enhanced security; (iv) addressing these new concerns - relating to food, energy, and economic security - requires a wider agenda of multilateral cooperation, involving not just the WTO but other multilateral institutions; and (v) despite shifts in economic power across countries, the commonality of interests and scope for give-and-take on these new issues make multilateral cooperation worth attempting. "--World Bank web site
Egypt and the Uruguay Round by Bernard M Hoekman( Book )

8 editions published between 1996 and 1999 in English and held by 33 WorldCat member libraries worldwide

May 1996 Although the Uruguay Round will generally have a limited impact on Egyptian policies affecting goods, investment and services, commitments by Egypt can be seen as facilitating the move toward a free trade agreement with the European Union. 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 will take up to a decade to materialize fully. Insofar as this reflects a continuing defensiveness against liberalization, it does not bode well for a country that will be facing growing competitive pressures as the world economy becomes more integrated. But Egypt's Uruguay Round commitments do, to a large extent, lock in the policy changes pursued by the government since the late 1980s. In this respect, they are quite significant. Maximum tariffs have been established for almost all tariff lines, and the gap between these bindings and the level of applied tariffs is in most cases relatively small. This constitutes a level of commitment that substantially exceeds the developing country average. The government is negotiating a more far-reaching agreement with the European Union to liberalize trade on a reciprocal basis. Commitments by Egypt in the Uruguay Round can be seen as facilitating implementation of a Euro-Mediterranean Agreement. Such an agreement could facilitate further nondiscriminatory liberalization of Egypt's trade regime. Of particular importance in this connection is opening service markets to greater competition, where much remains to be done. This paper -- a product of the Private Sector and Finance Team, Europe and Central Asia, and Middle East and North Africa Technical Department -- was presented at a University of Cairo conference, The Impact of the Uruguay Round on Egypt, held in Cairo on January 13-15, 1996
Measuring services trade liberalization and its impact on economic growth : an illustration by Aaditya Mattoo( Book )

9 editions published between 1999 and 2001 in English and held by 30 WorldCat member libraries worldwide

Countries that fully liberalize their telecommunications and financial services sectors may be able to expect economic growth rates up to 1.5 percentage point higher than rates in other countries
The Africa Growth and Opportunity Act and its Rules of Origin : generosity undermined? by Aaditya Mattoo( Book )

18 editions published in 2002 in English and Undetermined and held by 23 WorldCat member libraries worldwide

Spillover Effects of Exchange Rates : a Study of the Renminbi by Aaditya Mattoo( )

14 editions published between 2011 and 2012 in English and Undetermined and held by 11 WorldCat member libraries worldwide

"This paper estimates how changes in China's exchange rates would affect exports from competitor countries in third-country markets - in other words, the 'spillover effect.' The authors use recent theory to develop an identification strategy, with a key role for the competition between China and its developing country competitors in specific products and export destinations. Using disaggregated trade data, they estimate the spillover effect by exploiting the variation across different exporters, importers, products, and time periods. They find a spillover effect that is statistically and quantitatively significant. Their estimates suggest that a 10-percent appreciation of China's real exchange rate boosts a developing country's exports of a typical four-digit Harmonized System product category to third markets by about 1.5 to 2 percent on average. The magnitude of the spillover effect varies systematically with the characteristics of products, such as the extent to which they are differentiated."
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Audience level: 0.60 (from 0.13 for Greenprint ... to 0.78 for India and ...)

Trade and trade policies in eastern and southern Africa
Alternative Names
Arvind Subramanian.

Subramanian Mr

English (259)

India's turn : understanding the economic transformation