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American Economic Review: Vol. 102 No. 7 (December 2012)

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Growth Dynamics: The Myth of Economic Recovery: Comment

Article Citation

Mueller, Hannes. 2012. "Growth Dynamics: The Myth of Economic Recovery: Comment." American Economic Review, 102(7): 3774-77.

DOI: 10.1257/aer.102.7.3774

Abstract

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.

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Authors

Mueller, Hannes (CSIC, Madrid and Barcelona GSE)

JEL Classifications

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


American Economic Review


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