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 …

This paper investigates the medium- and long-term growth effects of the global financial crises on Low-Income Countries … (LICs). Using several methodological approaches, including impulse response function analysis, growth spells techniques and … growth. Given existing evidence that LICs were primarily impacted by such a shock in the global financial crisis, our …

This paper investigates the short-run effects of the 2007-09 global financial crisis on growth in (mainly non … growth declines are on average well explained by the decline in export demand. Third, if the external environment facing LICs … improves as forecast, their growth should rebound sharply. Finally, and contrary to received wisdom, there are few robust …

explicit: (i) the investment-growth linkages; (ii) public external and domestic debt accumulation; (iii) the fiscal policy … spending cuts requires sharp macroeconomic adjustments, crowding out private investment and consumption and delaying the growth …