Carrère, Céline (contributor); De Melo, Jaime (contributor) - 2007
episodes by reorganizing the data
around turning points, or events. The authors define a
growth event as an increase in … average per capita growth
of at least 2 percentage points sustained for 5 years. A
fiscal event is an increase in the annual … liberalization
reform, probit estimates indicate that a growth event
is more likely to occur in a developing country when …