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Washington consensus and living standard

Washington consensus and living standard. GRA 5917 Public opinion and Input politics Term paper. My main objective is to see whether there is a causal relationship between the implementation of Washington Consensus and a decrease in living standard. Measurement of living standard.

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Washington consensus and living standard

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  1. Washington consensus and living standard GRA 5917 Public opinion and Input politics Term paper

  2. My main objective is to see whether there is a causal relationship between the implementation of Washington Consensus and a decrease in living standard

  3. Measurement of living standard • There can be several indicators for measuring living standard - Consumption - Employment - Gini-coefficiency - Infant mortality - LSMS

  4. Theory • Pablo Astorga, Ame R. Berges, and Valpy Fitzgerald ” The standard of living in Latin America during the twentieth century” • Dani Rodrik ”Goodbuy Washington Consensus, Hello Washington confusion”

  5. yit = b0 + b1Xita + b2Xit + b2Xit  b2Xit  y = Infant mortality/ LSMS X1 = WC reform a = 1 for WC reform, 0 if not i = countries t = time Control variable: X2 = health services X3 = Gini coefficiency/poverty

  6. Hypotheses • H0 ≤ 0 • H1 > 0 Reject H0 if ß1 > 0

  7. Difference in difference • y = b0 + b1WC + b2T + b2WC*T - H0 ≤ 0 - H1 > 0 Reject H0 if ß3 > 0

  8. Discussion • How can we measure living standards? - Is infant mortality be the correct indicator to use?

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