Growth Dynamics: The Myth of Economic Recovery: Comment
Mueller, Hannes. 2012. "Growth Dynamics: The Myth of Economic Recovery: Comment."
American Economic Review,
This comment highlights different ways of coding crisis episodes in Cerra and Saxena (2008) (CS). The comment shows that the coding used for civil war implies a misrepresentation of its impact. A correct coding of civil war reveals that the average civil war leads to a loss in output of 18 percent. This makes civil wars more devastating than all other crisis studied by CS.
Article Full-Text Access
Download Data Set
(122.14 KB) | Online Appendix
Mueller, Hannes (CSIC, Madrid and Barcelona GSE)
E23: Macroeconomics: Production
E32: Business Fluctuations; Cycles
O47: Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence