Macroeconomic Stability and the Distribution of Growth Rates
It is often argued that macroeconomic instability can form a binding constraint on economic growth. Drawing on a new index of stability, threshold estimation is used to divide developing economies into two growth regimes, depending on a threshold level of stability. For the more stable group of coun...
| Main Authors: | , |
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| Format: | Journal Article |
| Published: |
World Bank
2012
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/4510 |