DP1111 Slowdowns and Meltdowns: Post-war Growth Evidence from 74 Countries

Author(s):	Dan Ben-David, David Papell
Publication Date:	February 1995
Keyword(s):	Economic Growth, Meltdowns, Slowdowns
JEL(s):	C22, O1, O47, O5
Programme Areas:	International Macroeconomics
Link to this Page:	cepr.org/active/publications/discussion_papers/dp.php?dpno=1111

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.