Growth Dynamics : The Myth of Economic Recovery /
Using panel data for a large number of countries, we find that economic contractions are not followed by offsetting fast recoveries. Trend output lost is not regained, on average. Wars, crises, and other negative shocks lead to absolute divergence and lower long-run growth, whereas we find absolute...
| Auteur principal: | |
|---|---|
| Autres auteurs: | |
| Format: | Revue |
| Langue: | English |
| Publié: |
Washington, D.C. :
International Monetary Fund,
2005.
|
| Collection: | IMF Working Papers; Working Paper ;
No. 2005/147 |
| Accès en ligne: | Full text available on IMF |