Identifying Growth Accelerations

• Tác giả: Bram Gootjes
• Ngôn ngữ: eng
• Ký hiệu phân loại: 591.13 Specific topics in natural history of animals
• Thông tin xuất bản: Washington, DC: World Bank, 2024
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 303457
• Chủ đề: 1. DECENT WORK AND ECONOMIC GROWTH; 2. IDENTIFICATION; 3. OUTPUT GROWTH ACCELERATIONS; 4. OUTPUT GROWTH VOLATILITY; 5. SDG 8

Tóm tắt

This paper introduces a new method to identify output growth accelerations that integrates elements of both the "criteria-based" and "break-testing" approaches, which are prevalent in the literature. The proposed criteria do not impose a fixed length on growth accelerations, thus enabling duration analyses without relying on questionable statistical techniques for the identification of these accelerations. The findings show that growth accelerations last an average 13.4 years, albeit with significant variations in duration across regions. Initial conditions and contemporaneous domestic and external economic conditions all matter for the continuation of an acceleration, and changes in any single policy condition have less of an impact.