What Makes Growth Sustained? / / Jonathan Ostry, Andrew Berg, Jeromin Zettelmeyer

• Autore: Ostry Jonathan
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2008
• Descrizione fisica: 1 online resource (35 p.)
• Soggetto topico: Economic development - Econometric models; Exports and Imports; Macroeconomics; Aggregate Factor Income Distribution; Empirical Studies of Trade; Trade: General; International economics; Income distribution; Income; Terms of trade; Exports; Income inequality; Economic policy; nternational cooperation
• Soggetto geografico: United States
• Altri autori: BergAndrew ZettelmeyerJeromin
• Note generali: "March 2008."; At head of title: Research Department.
• Nota di bibliografia: Includes bibliographical references (p. 30-33).
• Nota di contenuto: 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: Institutions ; 6. 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
• Sommario/riassunto: 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).
• Titolo autorizzato: What Makes Growth Sustained
• ISBN: 1-4623-9011-0; 1-4527-3496-8; 1-282-84040-1; 1-4518-6921-5; 9786612840401
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910788246603321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2008/059