WorldCat Identities

Subramanian, Arvind

Works: 132 works in 489 publications in 2 languages and 4,259 library holdings
Roles: Author, Editor
Classifications: HC427.95, 330.951
Publication Timeline
Most widely held works by Arvind Subramanian
Eclipse living in the shadow of China's economic dominance by Arvind Subramanian( )

10 editions published between 2011 and 2012 in English and Chinese and held by 1,069 WorldCat member libraries worldwide

In his new book, Arvind Subramanian presents the following possibilities: What if, contrary to common belief, China's economic dominance is a present-day reality rather than a faraway possibility? What if the renminbi's takeover of the dollar as the world's reserve currency is not decades, but mere years, away? And what if the United States's economic pre-eminence is not, as many economists and policymakers would like to believe, in its own hands, but China's to determine? Subramanian's analysis is based on a new index of economic dominance grounded in a historical perspective. His examination makes use of real-world examples, comparing China's rise with the past hegemonies of Great Britain and the United States. His attempt to quantify and project economic and currency dominance leads him to the conclusion that China's dominance is not only more imminent, but also broader in scope, and much larger in magnitude, than is currently imagined. He explores the profound effect this might have on the United States, as well as on the global financial and trade system. Subramanian concludes with a series of policy proposals for other nations to reconcile China's rise with continued openness in the global economic order, and to insure against China becoming a malign hegemon
Greenprint a new approach to cooperation on climate change by Aaditya Mattoo( )

8 editions published between 2012 and 2013 in English and held by 420 WorldCat member libraries worldwide

"International cooperation on climate change has floundered. With mutual recrimination between rich and poor countries, the zero-sum arithmetic of a shrinking global carbon budget, and shifting economic and bargaining power from old CO2 emitters to new--what Aaditya Mattoo and Arvind Subramanian call the "narrative," "adding up," and "new world" problems--the wonder is not the current impasse but belief that progress might be possible at all. Each of these problems must be addressed in a radically different way. First, the old narrative of recrimination must give way to a narrative based on recognition of common interests. Second, leaders must shift the focus away from cutting emissions to generating technology. Third, the old "cash-for-cuts" approach must be abandoned for one that requires contributions from each country calibrated in magnitude and form to its current level of development and future prospects."--Publisher's website
Trade and trade policies in eastern and southern Africa by Arvind Subramanian( Book )

12 editions published in 2000 in English and held by 391 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
Who needs to open the capital account by Olivier Jeanne( Book )

6 editions published in 2012 in English and held by 254 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
India's turn : understanding the economic transformation by Arvind Subramanian( Book )

10 editions published between 2008 and 2009 in English and held by 151 WorldCat member libraries worldwide

On economic policies pursued in Indian economy post 1991 watershed year; articles co-authored with many other writers
The WTO promotes trade, strongly but unevenly by Arvind Subramanian( Book )

26 editions published between 2003 and 2005 in English and held by 125 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"--NBER website
From "Hindu growth" to productivity surge : the mystery of the Indian growth transition by Dani Rodrik( Book )

22 editions published in 2004 in English and held by 107 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"--National Bureau of Economic Research web site
Addressing the natural resource curse : an illustration from Nigeria by Xavier Sala-i-Martin( Book )

18 editions published in 2003 in English and held by 100 WorldCat member libraries worldwide

Abstract: 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 corruption from oil rather than Dutch disease has been responsible for its 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 of corruption and inefficiency 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, transform economics and politics in Nigeria
Institutions rule : the primacy of institutions over geography and integration in economic development by Dani Rodrik( Book )

18 editions published in 2002 in English and held by 97 WorldCat member libraries worldwide

Abstract: 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 Africa Growth and Opportunity Act and its Rules of Origin generosity undermined? by Arvind Subramanian( )

17 editions published in 2002 in English and held by 96 WorldCat member libraries worldwide

This paper describes the United States recently enacted Africa Growth and Opportunity Act (AGOA) and assesses its quantitative impact on African exports. The AGOA expands the scope of preferential access of Africa's exports to the United States in key areas such as clothing. However, its medium term benefits estimated at about US$100-$140 million, an 8 11 percent addition to current non-oil exports would have been nearly five times greater (US$540 million) if no restrictive conditions had been imposed on the terms of market access. The most important of these conditions are the rules of origin with which African exporters of clothing must comply to benefit from duty-free access
Aid and growth : what does the cross-country evidence really show? by Raghuram Rajan( )

12 editions published in 2005 in English and held by 92 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
India and the multilateral trading system after Seattle : toward a proactive role by Aaditya Mattoo( Book )

8 editions published in 2000 in English and held by 87 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
The prospects for sustained growth in Africa benchmarking the constraints by Simon Johnson( )

16 editions published in 2007 in English and held by 86 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 now be 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
What undermines aid's impact on growth? by Raghuram Rajan( )

12 editions published in 2005 in English and held by 83 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
Measuring services trade liberalization and its impact on economic growth an illustration by Aaditya Mattoo( )

7 editions published in 2001 in English and held by 59 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
Policies, enforcement, and customs evasion evidence from India by Prachi Mishra( )

10 editions published in 2007 in English and held by 46 WorldCat member libraries worldwide

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 identify the evasion elasticity, namely, the effect of tariffs on evasion, and relate this elasticity to factors related to customs enforcement or the quality of customs institutions. We find a positive and robust effect of tariffs on import tax evasion. We then show that the evasion elasticity is influenced by certain product characteristics that determine how easy it is to detect evasion (with more differentiated products exhibiting a higher evasion elasticity). This evasion elasticity, which we broadly interpret as reflecting the quality of customs administration, has not improved over the 1990s. Finally, our results suggest that the effectiveness of customs in addressing evasion may be better in India than China, although China appears to be catching up over time
Foreign capital and economic growth by Eswar Prasad( )

8 editions published in 2007 in English and held by 44 WorldCat member libraries worldwide

We document the recent phenomenon of "uphill" flows of capital from nonindustrial to industrial countries and analyze whether this pattern of capital flows has hurt growth in nonindustrial economies that export capital. Surprisingly, we find that there is a positive correlation between current account balances and growth among nonindustrial countries, implying that a reduced reliance on foreign capital is associated with higher growth. This result is weaker when we use panel data rather than cross-sectional averages over long periods of time, but in no case do we find any evidence that an increase in foreign capital inflows directly boosts growth. What explains these results, which are contrary to the predictions of conventional theoretical models? We provide some evidence that even successful developing countries have limited absorptive capacity for foreign resources, either because their financial markets are underdeveloped, or because their economies are prone to overvaluation caused by rapid capital inflows
Towards a better global economy : policy implications for citizens worldwide in the twenty-first century by Franklin Allen( Book )

2 editions published in 2014 in English and held by 41 WorldCat member libraries worldwide

Fluctuations in international trade, financial markets, and commodity prices, as well as the tendency of institutions to favour the interests of the better-off and powerful, pose risks for citizens of all countries. This volume examines the factors that are most likely to facilitate economic growth in low-, middle-, and high-income economies
Spillover effects of exchange rates a study of the renminbi by Aaditya Mattoo( )

11 editions published between 2011 and 2012 in English and Undetermined and held by 40 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."
The Egyptian stabilization experience : an analytical retrospective by Arvind Subramanian( Book )

11 editions published in 1997 in English and held by 39 WorldCat member libraries worldwide

Egypt is well embarked on a reform effort aimed at placing the economy on a higher growth trajectory that would durably raise living standards, reverse the rising tide of unemployment, reduce the level of poverty, and facilitate Egypt's accelerated integration in the world economy. These objectives are to be achieved through a program that would build on the macroeconomic stability attained in the last few years and which envisions the acceleration of structural reforms, encompassing privatization, trade liberalization, deregulation, fiscal reform, and strengthening of the financial sector. To ensure a strong enabling environment for these reforms, it is important to understand, assess, and draw lessons from Egypt's success in macroeconomic stabilization, not least because continuing stabilization forms the sine qua non for the growth phase
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Alternative Names
Arvind Subramanian.

Subramanian Mr

English (242)

Chinese (1)

India's turn : understanding the economic transformation