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What makes growth sustained? /
We identify structural breaks in economic growth in 140 countries and use these to define "growth spells:" periods of high growth preceded by an upbreak and ending either with a downbreak or with the end of the sample. Growth spells tend to be shorter in African and Latin American countrie...
| Clasificación: | Libro Electrónico |
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| Autores principales: | , , |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.?] :
International Monetary Fund,
2008.
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| Colección: | IMF working paper ;
WP/08/59. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | We identify structural breaks in economic growth in 140 countries and use these to define "growth spells:" periods of high growth preceded by an upbreak and ending either with a downbreak or with the end of the sample. Growth spells tend to be shorter in African and Latin American countries than elsewhere. We find that growth duration is positively related to: the degree of equality of the income distribution; democratic institutions; export orientation (with higher propensities to export manufactures, greater openness to FDI, and avoidance of exchange rate overvaluation favorable for duration); and macroeconomic stability (with even moderate instability curtailing growth duration). |
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| Notas: | "March 2008." At head of title: Research Department. |
| Descripción Física: | 1 online resource (33 pages) : illustrations |
| Bibliografía: | Includes bibliographical references (pages 30-33). |
| ISBN: | 1462390110 9781462390113 1452734968 9781452734965 1282840401 9781282840409 1451869215 9781451869217 9786612840401 6612840404 |