PETER BLAIR HENRY has published numerous groundbreaking articles and chapters that reveal his fascination with the drivers of economic growth in emerging markets and the disparities in standards of living across the globe. This research formed or extends the foundation for his book, TURNAROUND: Third World Lessons for First World Growth.

Infrastructure Potential-Perils

Most recently, Peter has been working at the intersection of developing-country economies and the call for greater infrastructure investment: When is it efficient? In The Global Infrastructure Gap: Potential, Perils, and a Framework for Distinction (Dec 2022, forthcoming from the Journal of Economic Literature), authors Peter Blair Henry and Camille Gardner evaluate the literature that claims poor countries have an infrastructure investment gap of roughly 1 trillion dollars per year and therefore possess widespread opportunities for productive spending on infrastructure. The evaluation introduces and employs a simple framework that concludes this claim is invalid and moves the infrastructure conversation away from exaggeration toward the clarity that economics can and should bring to any policy discussion. >> read the paper

And in The Baker Hypothesis (Journal of Economic Perspectives, Summer 2021), Anusha Chari, Peter Blair Henry, and Hector Reyes use a country-specific, time-series assessment of James A. Baker III’s reform process to reveal three clear facts that provide empirical support for the Baker Hypothesis and suggest a simple neoclassical interpretation of the unprecedented increase in growth that has taken place in EMDEs since 1995. >> read the paper

>> VIEW FULL LIST OF PUBLICATIONS IN PETER’S CV

Select Prior Research Publications by Peter Blair Henry

… “Capital Market Integration and Wages” by Anusha Chari, Peter B. Henry, and Diego Sasson. American Economic Journal: Macroeconomics, Vol. 4, No. 2 (April 2012): 102–132. read the article
… “Institutions vs. Policies: A Tale of Two Islands” by Peter B. Henry and Conrad Miller. American Economic Review Vol. 99, No. 2 (May 2009): 261–267. read the article
… “Growth and Returns in Emerging Markets” by Peter B. Henry and Prakash Kennan. In International Financial Issues in the Pacific Rim: Global Imbalances, Financial Liberalization, and Exchange Rate Policy(U of Chicago Press, 2008), edited by Takatoshi Ito and Andrew Rose.
… “Capital Account Liberalization: Theory, Evidence, and Speculation” by Peter B. Henry. Journal of Economic Literature Vol. 45 (December 2007): 887–935. read the article 
… “Policy Watch: Debt Relief” by Serkan Arslanalp and Peter B. Henry. Journal of Economic Perspectives Vol. 20, No. 1 (Winter 2006): 207–220. read the article 
…  “Capital Account Liberalization, the Cost of Capital, and Economic Growth” by Peter B. Henry. American Economic Review Vol. 93, No. 2 (May 2003): 91–96. 
… “Stock Market Liberalization, Economic Reform, and Emerging Market Equity Prices” by Peter B. Henry. Journal of Finance Vol. 55, No. 2 (April 2000): 529–564.