Replication data for: Growth Dynamics: The Myth of Economic Recovery
Principal Investigator(s): View help for Principal Investigator(s) Valerie Cerra; Sweta Chaman Saxena
Version: View help for Version V1
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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:
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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:
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E23 Macroeconomics: Production
E32 Business Fluctuations; Cycles
O47 Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
E23 Macroeconomics: Production
E32 Business Fluctuations; Cycles
O47 Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
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