LEADER 03384nam 2200613 a 450 001 9910464007403321 005 20170821155845.0 010 $a1-4623-9011-0 010 $a1-4527-3496-8 010 $a1-282-84040-1 010 $a1-4518-6921-5 010 $a9786612840401 035 $a(CKB)3170000000054989 035 $a(EBL)1607789 035 $a(SSID)ssj0000940713 035 $a(PQKBManifestationID)11532934 035 $a(PQKBTitleCode)TC0000940713 035 $a(PQKBWorkID)10955513 035 $a(PQKB)10388121 035 $a(OCoLC)560672870 035 $a(MiAaPQ)EBC1607789 035 $a(EXLCZ)993170000000054989 100 $a20090810d2008 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aWhat makes growth sustained?$b[electronic resource] /$fprepared by Andy Berg, Jonathan D. Ostry, and Jeromin Zettelmeyer 210 $a[Washington, D.C.?] $cInternational Monetary Fund$d2008 215 $a1 online resource (35 p.) 225 1 $aIMF working paper ;$vWP/08/59 300 $a"March 2008." 300 $aAt head of title: Research Department. 311 $a1-4519-1374-5 320 $aIncludes bibliographical references (p. 30-33). 327 $aContents; 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: Institutions 327 $a6. 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; References 330 $aWe identify structural breaks in economic growth in 140 countries and use these to define ""growth spells:"" periods of high growth preceded by an upbreak and ending either with a downbreak or with the end of the sample. Growth spells tend to be shorter in African and Latin American countries than elsewhere. We find that growth duration is positively related to: the degree of equality of the income distribution; democratic institutions; export orientation (with higher propensities to export manufactures, greater openness to FDI, and avoidance of exchange rate overvaluation favorable for durati 410 0$aIMF working paper ;$vWP/08/59. 606 $aEconomic development$xEconometric models 608 $aElectronic books. 615 0$aEconomic development$xEconometric models. 700 $aBerg$b Andrew$0861129 701 $aOstry$b Jonathan David$f1962-$0550297 701 $aZettelmeyer$b Jeromin$0862002 712 02$aInternational Monetary Fund.$bResearch Dept. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910464007403321 996 $aWhat makes growth sustained$92292180 997 $aUNINA