Do Weak Institutions Prolong Crises? On the Identification, Characteristics, and Duration of Declines During Economic Slumps

Do Weak Institutions Prolong Crises? On the Identification, Characteristics, and Duration of Declines During Economic Slumps

This paper studies periods of prolonged contractions in output per capita in a sample of 145 countries from 1950 to 2014. Economic slumps are defined as abrupt interruptions of a period of growth by several regime switches. Slumps start with a shar...

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Bibliographic Details
Main Authors: Bluhm, Richard, de Crombrugghe, Denis, Szirmai, Adam
Format: Working Paper
Language:English
Published: World Bank, Washington, DC 2020
Subjects:
ECONOMIC SLUMP
CRISIS DURATION
BUSINESS CYCLE
POLITICAL INSTITUTIONS
ETHNIC GROUP
ECONOMIC CONTRACTION
ECONOMIC DOWNTURN
Online Access:http://documents.worldbank.org/curated/en/514691580305796466/Do-Weak-Institutions-Prolong-Crises-On-the-Identification-Characteristics-and-Duration-of-Declines-During-Economic-Slumps
http://hdl.handle.net/10986/33263

Internet

http://documents.worldbank.org/curated/en/514691580305796466/Do-Weak-Institutions-Prolong-Crises-On-the-Identification-Characteristics-and-Duration-of-Declines-During-Economic-Slumps
http://hdl.handle.net/10986/33263

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