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

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  • PM, ABDUL SAMEER

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.

Suggested Citation

  • Pm, Abdul Sameer, 2011. "Can we relate economic performance to policy unambiguously?: Lessons from the experiences of Latin America, East Asia, China and India," MPRA Paper 49627, University Library of Munich, Germany, revised 27 Sep 2013.
    • Handle: RePEc:pra:mprapa:49627
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    References listed on IDEAS

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    More about this item

    Keywords

    Economic Policy; Economic Performance. Ambiguity. Institutions;

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy
    • P21 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Planning, Coordination, and Reform
    • P27 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Performance and Prospects

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