Gruss, Bertrand
[VerfasserIn]
;
Nabar, Malhar
[Sonstige Person, Familie und Körperschaft];
Poplawski-Ribeiro, Marcos
[Sonstige Person, Familie und Körperschaft]
Growth Accelerations and Reversals in Emerging Market and Developing Economies
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 2018 erstellt
Beschreibung:
This paper investigates how country-specific external demand, external financial conditions,and terms of trade affect medium-term growth in Emerging Market and DevelopingEconomies and the occurrence of growth accelerations and reversals. The importance ofcountry-specific external conditions for medium-term growth has increased over time-inparticular, the growing contribution of external financial conditions accounts for one-third ofthe increase in average income per capita growth between 1995-2004 and 2005-14. Strongerexternal demand and financial conditions significantly increase the probability of growthaccelerations, while a strengthening of any of the three conditions significantly decreases theprobability of reversals