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The End of An Era? the Medium- and Long-Term Effects of the Global Crisison Growth in Low-Income Countries

This paper investigates the medium- and long-term growth effects of the global financial crises on Low-Income Countries (LICs). Using several methodological approaches, including impulse response function analysis, growth spells techniques and panel regressions, we show that external demand (ED) shocks are not historically associated with sharp...
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