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Slowdowns and Meltdowns: Postwar Growth Evidence From 74 Countries
Abstract
This paper proposes an explicit test for determining the significance and the timing of slowdowns in economic growth. We examine a large sample of countries and find that a majority—though not all—exhibit a significant structural break in their postwar growth rates. We find that (a) most industrialized countries experienced postwar growth slowdowns in the early 1970s, though (b) the United States, Canada, and the United Kingdom did not, and (c) developing countries (and in particular, Latin American countries) tended to experience much more severe slowdowns which, in contrast with the more developed countries, began nearly a decade later.
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Citations
Cites
Tests for parameter instability and structural change with unknown change point.
Andrews, D. W. K. (1993) · Econometrica · doi:10.2307/2951764 · Cited by 4,334
Cited by
Hausmann, R., Pritchett, L., & Rodrik, D. (2005) · Journal of Economic Growth · doi:10.1007/s10887-005-4712-0 · Cited by 1,317
Estimation of a Change Point in Multiple Regression Models
Bai, J. (1997) · Review of Economics and Statistics · doi:10.1162/003465397557132 · Cited by 829
When Fast-Growing Economies Slow Down: International Evidence and Implications for China
Eichengreen, B., Park, D., & Shin, K. (2012) · Asian Economic Papers · doi:10.1162/asep_a_00118 · Cited by 708
Berg, A., Ostry, J. D., & Zettelmeyer, J. (2012) · Journal of Development Economics · doi:10.1016/j.jdeveco.2011.08.002 · Cited by 684
Dating the integration of world equity markets
Bekaert, G., Harvey, C. R., & Lumsdaine, R. L. (2002) · Journal of Financial Economics · doi:10.1016/s0304-405x(02)00139-3 · Cited by 559
Metadata
- Authors
- Ben-David, D., & Papell, D. H.
- Venue
- Review of Economics and Statistics
- Publisher
- MIT Press - Journals
- Published
- 1998-11
- Volume
- 80
- Issue
- 4
- Pages
- 561-571
- ISSN
- 0034-6535 (ISSN-L)
- 1530-9142
- OpenAlex
- W2117089531
- Cited by
- 292
- References
- 1
- FWCI
- 33.35
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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