Sirimaneetham, Vatcharin; Temple, Jonathan R.W. - In: World Bank Economic Review 23 (2009) 3, pp. 443-479
It is often argued that macroeconomic instability can form a binding constraint on economic growth. Drawing on a new index of stability, threshold estimation is used to divide developing economies into two growth regimes, depending on a threshold level of stability. For the more stable group of...
