Do Weak Institutions Prolong Crises ? On the Identification, Characteristics, and Duration of Declines During Economic Slumps (English)

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 followed by another switch when growth stabilizes again. The paper then analyzes the correlates of these slumps, focusing on the length and depth of the contraction...

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Author

Bluhm,Richard;

de Crombrugghe,Denis;

Szirmai,Adam;
Document Date
2020/01/29
Document Type
Policy Research Working Paper
Report Number
WPS9127
Volume No
1
Total Volume(s)
1
Country
World, Africa,
Region
Other, Africa,
Disclosure Date
2020/01/29
Disclosure Status
Disclosed
Doc Name
Do Weak Institutions Prolong Crises ? On the Identification, Characteristics, and Duration of Declines During Economic Slumps
Keywords
application to purchasing power parity

Citation

Bluhm,Richard; de Crombrugghe,Denis; Szirmai,Adam.

Do Weak Institutions Prolong Crises ? On the Identification, Characteristics, and Duration of Declines During Economic Slumps (English). Policy Research working paper|no. WPS 9127 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/514691580305796466

Do Weak Institutions Prolong Crises ? On the Identification, Characteristics, and Duration of Declines During Economic Slumps (English)

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Citation

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