Replication data for: Growth Dynamics: The Myth of Economic Recovery

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20050666_data.xls	application/vnd.ms-excel	681 KB	10/12/2019 04:16:AM
LICENSE.txt	text/plain	14.6 KB	10/12/2019 04:16:AM
ReadMe.pdf	application/pdf	55.1 KB	10/12/2019 04:16:AM

Project Citation:

Cerra, Valerie, and Saxena, Sweta Chaman. Replication data for: Growth Dynamics: The Myth of Economic Recovery. Nashville, TN: American Economic Association [publisher], 2008. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113234V1

Project Description

Summary: Using panel data for a large set of high-income, emerging market, developing, and transition countries, we find robust evidence that the large output loss from financial crises and some types of political crises is highly persistent. The results on financial crises are also highly robust to the assumption on exogeneity. Moreover, we find strong evidence of growth over optimism before financial crises. We also find a distinction between the output impact of civil wars versus other crises, in that there is a partial output rebound for civil wars but no significant rebound for financial crises or the other political crises. (JEL D72, D74, E32, E44, O17, O47)

Scope of Project

JEL Classification:
      E23 Macroeconomics: Production
      E32 Business Fluctuations; Cycles
      O47 Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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Published Versions

V1 [2019-10-12]

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DDI 2.5

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