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| dc.title | Growth Recoveries (from Collapses) |
| dc.contributor.author | Meneses, Juan Francisco |
| dc.contributor.author | Saboin, José Luis |
| dc.contributor.orgunit | Fiscal Management Division |
| dc.contributor.orgunit | Country Department Andean Group |
| dc.date.available | 2021-07-29T00:00:00 |
| dc.date.issue | 2021-07-29T00:00:00 |
| dc.description.abstract | This paper analyzes the behavior of a long list of economic variables during episodes of recovery from an economic collapse. A set of stylized facts is proposed so as to depict what in this work is called \saygrowth recoveries. Through different estimation techniques, it is inferred under which conditions and policies the likelihood of experiencing a growth recovery increases. The results of the paper indicate that collapses tend to occur in countries with high dependence on natural resource rents, macroeconomic mismanagement, low levels of democratic accountability and rule of law and high levels of conflict. Recoveries, on the other hand, tend to be longer than collapses and are more likely to occur in contexts of: improved external conditions, less natural resource rents, balanced fiscal accounts, where the exchange rate corrects but within a more fixed exchange rate regime and a more restricted financial account, and where there are: rebounds in private consumption, increases in international trade and improvements on property rights. |
| dc.format.extent | 69 |
| dc.identifier.doi | http://dx.doi.org/10.18235/0003419 |
| dc.identifier.url | https://publications.iadb.org/publications/english/document/Growth-Recoveries-from-Collapses.pdf |
| dc.language.iso | en |
| dc.medium | Adobe PDF |
| dc.publisher | Inter-American Development Bank |
| dc.subject | Investment |
| dc.subject | Economic Development |
| dc.subject | Inflation |
| dc.subject | Economy |
| dc.subject | GDP Growth |
| dc.subject | Rating |
| dc.subject | Exchange Rate |
| dc.subject | Gross Domestic Product |
| dc.subject | Debtor Finance |
| dc.subject | Economic Recovery |
| dc.subject | Financial Accountancy |
| dc.subject.jelcode | O43 - Institutions and Growth |
| dc.subject.jelcode | O47 - Empirical Studies of Economic Growth • Aggregate Productivity • Cross-Country Output Convergence |
| dc.subject.jelcode | F43 - Economic Growth of Open Economies |
| dc.subject.jelcode | O50 - Economywide Country Studies: General |
| dc.subject.keywords | institutions;Growth Recoveries;Growth Collapses;Event Analysis |
| dc.type | Discussion Papers |
| idb.identifier.pubnumber | IDB-DP-00880 |
| idb.operation | VE-P1122 |