"Can we relate economic performance to policy unambiguously?: Lessons from the experiences of Latin America, East Asia, China and India"

PM, ABDUL SAMEER (2011): "Can we relate economic performance to policy unambiguously?: Lessons from the experiences of Latin America, East Asia, China and India".

Abstract

Economic policies influence the economic performance of a country. Policymakers are often trying to form the types of policies which countries should adopt in order to develop. But what types of policies is a question arises always. What is the role of policy in economic performance? This paper is an attempt to check whether we can infer about policy on the basis of economic performance. By analyzing the experiences of Latin America, East Asia, China and India we found that there is no unique universal policy which is consistent in all situations. Success of a particular policy not only lies on the policy taken but also on the characteristics of the country and its institutional background. The study reaches the conclusion that economic performance cannot be unambiguously related to Policies.

• Item Type: MPRA Paper
• Language: English
• Keywords: Economic Policy, Economic Performance. Ambiguity. Institutions
• Subjects: E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook; E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E61 - Policy Objectives ; Policy Designs and Consistency ; Policy Coordination; O - Economic Development, Innovation, Technological Change, and Growth > O2 - Development Planning and Policy; P - Economic Systems > P2 - Socialist Systems and Transitional Economies > P21 - Planning, Coordination, and Reform; P - Economic Systems > P2 - Socialist Systems and Transitional Economies > P27 - Performance and Prospects

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