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

Author(s): Dan Ben-David and David Papell

Publication Date: February 1995

Keyword(s): Economic Growth, Meltdowns and Slowdowns

Programme Area(s): International Macroeconomics

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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Bibliographic Reference

Ben-David, D and Papell, D. 1995. 'Slowdowns and Meltdowns: Post-war Growth Evidence from 74 Countries'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=1111