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Slowdowns and Meltdowns: Post-war Growth Evidence from 74 Countries

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  • Ben-David, Dan
  • Papell, David

Abstract

Many countries, both industrialized and developing, appear to have experienced a slowdown in economic growth. We examine a large sample of countries and find that a majority exhibit a significant structural break in their post-war growth rates. In nearly all of these cases the break was followed by a growth slowdown. The breaks fall into two primary periods which delineate countries by developmental and regional characteristics as well as by the magnitude of the subsequent slowdowns.

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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 1111.

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Date of creation: Feb 1995
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Handle: RePEc:cpr:ceprdp:1111

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Keywords: Economic Growth; Meltdowns; Slowdowns;

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