What makes growth sustained? / prepared by Andy Berg, Jonathan D. Ostry, and Jeromin Zettelmeyer.
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| Online Access: |
Full Text (via ProQuest) |
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| Main Authors: | , , |
| Corporate Author: | |
| Format: | eBook |
| Language: | English |
| Published: |
[Washington, D.C.?] :
International Monetary Fund,
2008.
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| Series: | IMF working paper ;
WP/08/59. |
| Subjects: |
| Abstract: | 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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| Item Description: | "March 2008." At head of title: Research Department. |
| Physical Description: | 1 online resource (33 pages) : illustrations. |
| Bibliography: | Includes bibliographical references (pages 30-33) |
| ISBN: | 1462390110 9781462390113 1452734968 9781452734965 1282840401 9781282840409 1451869215 9781451869217 9786612840401 6612840404 |
| Language: | English. |
| Source of Description, Etc. Note: | Print version record. |