What Makes Growth Sustained?

Author/creator Ostry, Jonathan David Author
Other author Berg, Andrew Author
Other author Zettelmeyer, Jeromin Author
Format Electronic
Publication InfoWashington : International Monetary Fund
Description90 p.
Supplemental ContentFull text available from Ebook Central - Academic Complete

Summary Annotation 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).
Access restrictionAvailable only to authorized users.
Technical detailsMode of access: World Wide Web
Genre/formElectronic books.
ISBN9781451913743
ISBN1451913745 (E-Book) Active Record
Stock number00013468

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