Growth Dynamics: The Myth of Economic Recovery photograph

Growth Dynamics: The Myth Of Economic Recovery

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Originally published 2005
AuthorsValerie Cerra
Date of Reg.
Date of Upd.
ID1315914
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About Growth Dynamics: The Myth Of Economic Recovery


Using panel data for a large number of countries, we find that economic contractions are not followed by offsetting fast recoveries. Trend output lost is not regained, on average. . . .

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