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...

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Библиографические подробности
Главный автор: Ostry, Jonathan
Другие авторы: Berg, Andrew, Zettelmeyer, Jeromin
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2008.
Серии:IMF Working Papers; Working Paper ; No. 2008/059
Online-ссылка:Full text available on IMF
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245 1 0 |a What Makes Growth Sustained? /  |c Jonathan Ostry, Andrew Berg, Jeromin Zettelmeyer. 
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300 |a 1 online resource (33 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a 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). 
538 |a Mode of access: Internet 
700 1 |a Berg, Andrew. 
700 1 |a Zettelmeyer, Jeromin. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2008/059 
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