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What makes growth sustained?

Author: Andrew Berg; Jonathan David Ostry; Jeromin Zettelmeyer; International Monetary Fund. Research Department.
Publisher: [Washington, D.C.?] : International Monetary Fund, 2008.
Series: IMF working paper, WP/08/59.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
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;  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Berg, Andrew.
What makes growth sustained?.
[Washington, D.C.?] : International Monetary Fund, 2008
(OCoLC)225902691
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Andrew Berg; Jonathan David Ostry; Jeromin Zettelmeyer; International Monetary Fund. Research Department.
OCLC Number: 560672870
Notes: "March 2008."
At head of title: Research Department.
Reproduction Notes: Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL
Description: 1 online resource (33 pages) : illustrations.
Details: Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Series Title: IMF working paper, WP/08/59.
Responsibility: prepared by Andy Berg, Jonathan D. Ostry, and Jeromin Zettelmeyer.

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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