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In a sample of 110 countries over the period 1960-2009, we document a positive relation between the volatility and skewness of growth in the cross-section. This novel stylized fact is related to two distinct mechanisms: sudden growth spurts in emerging markets, and sharp financial crises-driven...
Persistent link: https://www.econbiz.de/10014032598
Using a comprehensive database on bank credit, covering 135 developing countries over the period 1960–2011, we identify, document, and compare the macro-economic dynamics of credit booms across low- and middle-income countries. The results suggest that while the duration and magnitude of...
Persistent link: https://www.econbiz.de/10013027670
This paper explores the relationship between output volatility and economic development. We develop a methodology to assess countries' extent of sectoral diversification. The productive structure of a country tends to be risky when the country (i) specializes in highly volatile sectors, (ii) has...
Persistent link: https://www.econbiz.de/10014071238
In a sample of 110 countries over the period 1960–2009, we document a positive relation between the volatility and skewness of growth in the cross-section. This novel stylized fact is related to two distinct mechanisms: sudden growth spurts in emerging markets, and sharp financial...
Persistent link: https://www.econbiz.de/10012938656
After the economic reforms that followed the National Revolution of the 1950s, Bolivia seemed positioned for sustained … and a fixed exchange rate policy during the 1970s led to a debt crisis that began in 1977. From 1977 to 1986, Bolivia lost … almost all the gains in GDP per capita that it had achieved since 1960. In 1986, Bolivia started to grow again, interrupted …
Persistent link: https://www.econbiz.de/10012892582
After the economic reforms that followed the National Revolution of the 1950s, Bolivia seemed positioned for sustained …, Bolivia lost almost all the gains in GDP per capita that it had achieved since 1960. In 1986, Bolivia started to grow again …. Bolivia has grown since 2002, but government policies since 2006 are reminiscent of the policies of the 1970s that led to the …
Persistent link: https://www.econbiz.de/10012898376
Las reflexiones y propuestas de este articulo se refieren principalmente a Bolivia …
Persistent link: https://www.econbiz.de/10015174531
After the economic reforms that followed the National Revolution of the 1950s, Bolivia seemed positioned for sustained … and a fixed exchange rate policy during the 1970s led to a debt crisis that began in 1977. From 1977 to 1986, Bolivia lost … almost all the gains in GDP per capita that it had achieved since 1960. In 1986, Bolivia started to grow again, interrupted …
Persistent link: https://www.econbiz.de/10012479478
development are insisted upon. This article suggests that, in the case of Bolivia, the production of goods and services designed …
Persistent link: https://www.econbiz.de/10015108875
Persistent link: https://www.econbiz.de/10001396339