Output Drops and the Shocks That Matter

Output Drops and the Shocks That Matter
Output drops are usually associated with major disruption for the residents of affected countries, both directly and often through ensuing, prolonged growth slowdowns. Using a century of data, we document that output drops are more frequent in countries at a lower stage of economic development. We then turn to a more in-depth analysis of the... READ MORE...

Publication date: July 2006
ISBN 9781451864328
$15.00

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