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Do weak institutions prolong crises? : on the identification, characteristics, and duration of declines during economic slump
Bluhm, Richard; Crombrugghe, Denis de; Szirmai, Adam - Weltbankgruppe - 2020
This paper studies periods of prolonged contractions in output per capita in a sample of 145 countries from 1950 to 2014. Economic slumps are defined as abrupt interruptions of a period of growth by several regime switches. Slumps start with a sharp contraction along with a trend break, which is...
Persistent link: https://www.econbiz.de/10012564847
Cover Image
Do weak institutions prolong crises? : on the identification, characteristics, and duration of declines during economic slumps
Bluhm, Richard; Crombrugghe, Denis de; Szirmai, Adam - 2020
This paper studies periods of prolonged contractions in output per capita in a sample of 145 countries from 1950 to 2014. Economic slumps are defined as abrupt interruptions of a period of growth by several regime switches. Slumps start with a sharp contraction along with a trend break, which is...
Persistent link: https://www.econbiz.de/10012228613