Slowdowns and meltdowns: Postwar growth evidence from 74 countries

Dan Ben-David, David H. Papell

Research output: Contribution to journalArticlepeer-review

Abstract

This paper proposes an explicit test for determining the significance and the timing of slowdowns in economic growth. We examine a large sample of countries and find that a majority - though not all - exhibit a significant structural break in their postwar growth rates. We find that (a) most industrialized countries experienced postwar growth slowdowns in the early 1970s, though (b) the United States, Canada, and the United Kingdom did not, and (c) developing countries (and in particular, Latin American countries) tended to experience much more severe slowdowns which, in contrast with the more developed countries, began nearly a decade later.

Original languageEnglish
Pages (from-to)561-571
Number of pages11
JournalReview of Economics and Statistics
Volume80
Issue number4
DOIs
StatePublished - Nov 1998

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