04398oam 22009134 450 991078824660332120230721045649.01-4623-9011-01-4527-3496-81-282-84040-11-4518-6921-59786612840401(CKB)3170000000054989(EBL)1607789(SSID)ssj0000940713(PQKBManifestationID)11532934(PQKBTitleCode)TC0000940713(PQKBWorkID)10955513(PQKB)10388121(OCoLC)560672870(MiAaPQ)EBC1607789(IMF)WPIEE2008059(EXLCZ)99317000000005498920020129d2008 uf 0engur|n|---|||||txtccrWhat Makes Growth Sustained? /Jonathan Ostry, Andrew Berg, Jeromin ZettelmeyerWashington, D.C. :International Monetary Fund,2008.1 online resource (35 p.)IMF Working Papers"March 2008."At head of title: Research Department.1-4519-1374-5 Includes bibliographical references (p. 30-33).Contents; I. Introduction; II. Structural Breaks and "Growth Spells"; A. Identifying Structural Breaks in Economic Growth; Tables; 1. Growth Breaks by Decade and Region; Figure; Frequency of Upbreaks and Downbreaks, by Region; B. From Structural Breaks to Growth Spells; 2. Frequency and Duration of Growth Spells; III. Analyzing the Duration of Growth Spells; 3. Average Growth Before, During and After Growth Spells; A. Empirical Strategy; B. Regression Methodology; C. Results; 4. Duration Regressions: External Shocks; 5. Duration Regressions: Institutions6. Duration Regressions: Inequality and Franctionalization7. Duration Regressions: Social and Physical Indicators; 8. Duration Regressions: Globalization; 9. Duration Regressions: Current Account, Competitiveness, and Export Structure; 10. Duration Regressions: Macroeconomic Volatility; 11. Summary Regressions; IV. Conclusion; ReferencesWe 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).IMF Working Papers; Working Paper ;No. 2008/059Economic developmentEconometric modelsExports and ImportsimfMacroeconomicsimfAggregate Factor Income DistributionimfEmpirical Studies of TradeimfTrade: GeneralimfInternational economicsimfIncome distributionimfIncomeimfTerms of tradeimfExportsimfIncome inequalityimfEconomic policyimfnternational cooperationimfUnited StatesimfEconomic developmentEconometric models.Exports and ImportsMacroeconomicsAggregate Factor Income DistributionEmpirical Studies of TradeTrade: GeneralInternational economicsIncome distributionIncomeTerms of tradeExportsIncome inequalityEconomic policynternational cooperationOstry Jonathan1436213Berg Andrew1462104Zettelmeyer Jeromin1462149International Monetary Fund.Research Dept.DcWaIMFBOOK9910788246603321What Makes Growth Sustained3673575UNINA