Measuring Economic Downside Risk and Severity : Growth at Risk

Output collapses, and crises are a fact of life. Severe economic downturns occur periodically, and have grave consequences on the poor. The authors propose a new measurement for economic downside risk, and severity: Growth at risk. Similar to the c...

Full description

Bibliographic Details
Main Authors:	Wang, Yan, Yao, Yudong
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	AGGREGATE PRODUCTION FUNCTION ANNUAL GROWTH ANNUAL GROWTH RATE ANNUAL REPORT AVERAGE ANNUAL GROWTH AVERAGE GROWTH AVERAGE GROWTH RATE BENCHMARK BURNS BUSINESS CYCLE BUSINESS CYCLES CAPITAL FLOWS CAPITAL STOCK CORPORATE GOVERNANCE CORRUPTION COUNTRY REGRESSIONS COUNTRY RISK CROSS-COUNTRY ANALYSIS CUMULATIVE DISTRIBUTION CUMULATIVE DISTRIBUTION FUNCTION DEBT DEMOCRATIC RIGHTS DENSITY FUNCTION DEPRESSION DEVELOPED COUNTRIES DEVELOPING COUNTRIES DEVELOPING COUNTRY DIVISION OF LABOR ECONOMIC ACTIVITIES ECONOMIC CRISES ECONOMIC DOWNTURNS ECONOMIC EXPANSION ECONOMIC FLUCTUATIONS ECONOMIC GROWTH ECONOMIC HISTORY ECONOMIC OUTCOMES ECONOMIC POLICY EMPIRICAL EVIDENCE EMPIRICAL STUDIES EQUITY CAPITAL ESTIMATION RESULTS EXCHANGE RATE EXPECTED RETURN EXPECTED VALUE EXPLANATORY VARIABLES EXTERNAL SHOCKS EXTERNAL TRADE FATHERS FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL INSTITUTIONS FINANCIAL SECTOR FINANCIAL SYSTEMS FORECASTS FOREIGN INVESTORS GDP GDP PER CAPITA GROWTH GROWTH CYCLES GROWTH LITERATURE GROWTH PERFORMANCE GROWTH RATE GROWTH RATES GROWTH THEORY HIGH GROWTH HUMAN CAPITAL INEQUALITY INSTITUTIONAL ARRANGEMENTS INSTITUTIONAL FRAMEWORK INTEREST RATE INVESTMENT LABOR FORCE LONG-TERM GROWTH MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMICS MARKET ECONOMIES MARKET IMPERFECTIONS MEAN GROWTH MONETARY POLICIES NATIONAL GOVERNANCE NORMAL DISTRIBUTION OUTPUT GROWTH OUTPUT VOLATILITY PER CAPITA GROWTH PER-CAPITA INCOME POLICY RESEARCH POLITICAL STABILITY POVERTY REDUCTION POVERTY REDUCTION STRATEGY PRODUCTION FUNCTION PRODUCTION PROCESS REAL GDP REAL WAGE RECESSION RULE OF LAW SAFETY SAFETY NETS SCHOOLS SIGNIFICANT EFFECT SIGNIFICANT IMPACT STANDARD CONTROL VARIABLES STANDARD DEVIATION SUSTAINABLE GROWTH TIME SERIES UNEMPLOYMENT UTILITY FUNCTION WEALTH WORKERS
Online Access:	http://documents.worldbank.org/curated/en/2001/09/1614735/measuring-economic-downside-risk-severity-growth-risk http://hdl.handle.net/10986/19554

Internet

http://documents.worldbank.org/curated/en/2001/09/1614735/measuring-economic-downside-risk-severity-growth-risk
http://hdl.handle.net/10986/19554

Measuring Economic Downside Risk and Severity : Growth at Risk

Internet

Similar Items