04649oam 22010214 450 991096926070332120251116163412.0978661284040197814623901131462390110978145273496514527349689781282840409128284040197814518692171451869215(CKB)3170000000054989(EBL)1607789(SSID)ssj0000940713(PQKBManifestationID)11532934(PQKBTitleCode)TC0000940713(PQKBWorkID)10955513(PQKB)10388121(OCoLC)560672870(IMF)WPIEE2008059(MiAaPQ)EBC1607789(IMF)WPIEA2008059WPIEA2008059(EXLCZ)99317000000005498920020129d2008 uf 0engur|n|---|||||txtccrWhat Makes Growth Sustained? /Jonathan Ostry, Andrew Berg, Jeromin Zettelmeyer1st ed.Washington, D.C. :International Monetary Fund,2008.1 online resource (35 p.)IMF Working Papers"March 2008."At head of title: Research Department.9781451913743 1451913745 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 modelsAggregate Factor Income DistributionimfEconomic policyimfEmpirical Studies of TradeimfExports and ImportsimfExportsimfIncome distributionimfIncome inequalityimfIncomeimfInternational economicsimfMacroeconomicsimfNternational cooperationimfTerms of tradeimfTrade: GeneralimfUnited StatesimfEconomic developmentEconometric models.Aggregate Factor Income DistributionEconomic policyEmpirical Studies of TradeExports and ImportsExportsIncome distributionIncome inequalityIncomeInternational economicsMacroeconomicsNternational cooperationTerms of tradeTrade: General338.10247Ostry Jonathan1436213Berg Andrew1815664Zettelmeyer Jeromin1814421International Monetary Fund.Research Department.DcWaIMFBOOK9910969260703321What Makes Growth Sustained4372335UNINA