Determinants of growth spells :: is Africa different? /
Do growth spells in Africa end because of bad realizations of the same factors that influence growth spells in the rest of the world, or because of different factors altogether? To answer this question, we examine determinants of growth spells in Africa and the rest of the world using Bayesian Mode...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Place of publication not identified] :
International Monetary Fund,
2012.
|
| Schriftenreihe: | IMF working paper ;
WP/12/227. |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Do growth spells in Africa end because of bad realizations of the same factors that influence growth spells in the rest of the world, or because of different factors altogether? To answer this question, we examine determinants of growth spells in Africa and the rest of the world using Bayesian Mode Averaging techniques for proportional hazards models. We define growth spells as periods of sustained growth episodes between growth accelerations and decelerations and then relate the probability that a growth spell ends to various determinants including exogenous shocks, physical and human capital, macroeconomic policy, and sociopolitical factors. Our analysis suggests that determinants of growth spells in Africa are different from those in the rest of the world. The majority of the identified robust determinants have a distinct impact in only one of the two samples: initial income, terms of trade, exchange rate undervaluation and inflation, influence spells only in the world sample, while openness and droughts seem to only affect Africa. In addition, a few common determinants - proxies for human and physical capital and changes in the world interest rate - have very different marginal effects in the two samples. |
| Beschreibung: | 1 online resource : illustrations |
| Bibliographie: | Includes bibliographical references. |
| ISBN: | 1475566182 9781475566185 9781475537321 1475537328 1475510225 9781475510225 1475524854 9781475524857 |
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| 245 | 1 | 0 | |a Determinants of growth spells : |b is Africa different? / |c [prepared by] Charalambos G. Tsangarides. |
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| 505 | 0 | |a Cover; Contents; I. Introduction; II. Identifying Growth Spells and Their Determinants; A. From Structural Breaks to Growth Spells; B. Determinants of Growth Spells; III. Empirical Strategy; A. Survival Models; B. BMA for survival models; C. Model Specification and Africa Interactions; IV. Results; A. Impact of Model Uncertainty; B. Robustness Analysis Using BMA; V. Conclusion; References; Tables; 1. Growth Breaks by Country Group; 2. Stylized Facts about Growth Spells; 3. Evidence for Lack of Robustness from Ad Hoc Growth Regressions. | |
| 505 | 8 | |a 4. Posterior Coefficient Estimates for Growth Spells for Africa, Non-Africa, and WorldFigures; 1a. Upbreaks and Downbreaks: Hills, Cliffs, Mountains, and Plateaus; 1b. Upbreaks and Downbreaks: Hills, Cliffs, Mountains, and Plateaus in Africa; 2a. Distribution of Upbreaks; 2b. Distribution of Downbreaks; 3. Duration of Growth Spells and Explanatory Variables; Appendix. | |
| 520 | |a Do growth spells in Africa end because of bad realizations of the same factors that influence growth spells in the rest of the world, or because of different factors altogether? To answer this question, we examine determinants of growth spells in Africa and the rest of the world using Bayesian Mode Averaging techniques for proportional hazards models. We define growth spells as periods of sustained growth episodes between growth accelerations and decelerations and then relate the probability that a growth spell ends to various determinants including exogenous shocks, physical and human capital, macroeconomic policy, and sociopolitical factors. Our analysis suggests that determinants of growth spells in Africa are different from those in the rest of the world. The majority of the identified robust determinants have a distinct impact in only one of the two samples: initial income, terms of trade, exchange rate undervaluation and inflation, influence spells only in the world sample, while openness and droughts seem to only affect Africa. In addition, a few common determinants - proxies for human and physical capital and changes in the world interest rate - have very different marginal effects in the two samples. | ||
| 546 | |a English. | ||
| 650 | 0 | |a Economic development |z Africa |x Econometric models. | |
| 651 | 0 | |a Africa |x Economic conditions. |0 http://id.loc.gov/authorities/subjects/sh85001548 | |
| 650 | 6 | |a Développement économique |z Afrique |x Modèles économétriques. | |
| 651 | 6 | |a Afrique |x Conditions économiques. | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Industries |x General. |2 bisacsh | |
| 650 | 7 | |a Economic development |x Econometric models |2 fast | |
| 650 | 7 | |a Economic history |2 fast | |
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| 776 | 0 | 8 | |i Print version: |a Tsangarides, Charalambos G. |t Determinants of Growth Spells: is Africa Different? |d Washington : International Monetary Fund, ©2012 |z 9781475510225 |
| 830 | 0 | |a IMF working paper ; |v WP/12/227. |0 http://id.loc.gov/authorities/names/no89010263 | |
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| adam_text | |
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| author | Tsangarides, Charalambos G. |
| author_GND | http://id.loc.gov/authorities/names/no2001004521 |
| author_corporate | International Monetary Fund. Research Department |
| author_corporate_role | |
| author_facet | Tsangarides, Charalambos G. International Monetary Fund. Research Department |
| author_role | aut |
| author_sort | Tsangarides, Charalambos G. |
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| building | Verbundindex |
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| contents | Cover; Contents; I. Introduction; II. Identifying Growth Spells and Their Determinants; A. From Structural Breaks to Growth Spells; B. Determinants of Growth Spells; III. Empirical Strategy; A. Survival Models; B. BMA for survival models; C. Model Specification and Africa Interactions; IV. Results; A. Impact of Model Uncertainty; B. Robustness Analysis Using BMA; V. Conclusion; References; Tables; 1. Growth Breaks by Country Group; 2. Stylized Facts about Growth Spells; 3. Evidence for Lack of Robustness from Ad Hoc Growth Regressions. 4. Posterior Coefficient Estimates for Growth Spells for Africa, Non-Africa, and WorldFigures; 1a. Upbreaks and Downbreaks: Hills, Cliffs, Mountains, and Plateaus; 1b. Upbreaks and Downbreaks: Hills, Cliffs, Mountains, and Plateaus in Africa; 2a. Distribution of Upbreaks; 2b. Distribution of Downbreaks; 3. Duration of Growth Spells and Explanatory Variables; Appendix. |
| ctrlnum | (OCoLC)903698852 |
| dewey-full | 338.96 |
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| dewey-ones | 338 - Production |
| dewey-raw | 338.96 |
| dewey-search | 338.96 |
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| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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Introduction; II. Identifying Growth Spells and Their Determinants; A. From Structural Breaks to Growth Spells; B. Determinants of Growth Spells; III. Empirical Strategy; A. Survival Models; B. BMA for survival models; C. Model Specification and Africa Interactions; IV. Results; A. Impact of Model Uncertainty; B. Robustness Analysis Using BMA; V. Conclusion; References; Tables; 1. Growth Breaks by Country Group; 2. Stylized Facts about Growth Spells; 3. Evidence for Lack of Robustness from Ad Hoc Growth Regressions.</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">4. Posterior Coefficient Estimates for Growth Spells for Africa, Non-Africa, and WorldFigures; 1a. Upbreaks and Downbreaks: Hills, Cliffs, Mountains, and Plateaus; 1b. Upbreaks and Downbreaks: Hills, Cliffs, Mountains, and Plateaus in Africa; 2a. Distribution of Upbreaks; 2b. Distribution of Downbreaks; 3. Duration of Growth Spells and Explanatory Variables; Appendix.</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">Do growth spells in Africa end because of bad realizations of the same factors that influence growth spells in the rest of the world, or because of different factors altogether? To answer this question, we examine determinants of growth spells in Africa and the rest of the world using Bayesian Mode Averaging techniques for proportional hazards models. We define growth spells as periods of sustained growth episodes between growth accelerations and decelerations and then relate the probability that a growth spell ends to various determinants including exogenous shocks, physical and human capital, macroeconomic policy, and sociopolitical factors. Our analysis suggests that determinants of growth spells in Africa are different from those in the rest of the world. The majority of the identified robust determinants have a distinct impact in only one of the two samples: initial income, terms of trade, exchange rate undervaluation and inflation, influence spells only in the world sample, while openness and droughts seem to only affect Africa. 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| geographic | Africa Economic conditions. http://id.loc.gov/authorities/subjects/sh85001548 Afrique Conditions économiques. Africa fast https://id.oclc.org/worldcat/entity/E39PBJkHrMyfHC67yqRTycbrv3 |
| geographic_facet | Africa Economic conditions. Afrique Conditions économiques. Africa |
| id | ZDB-4-EBA-ocn903698852 |
| illustrated | Illustrated |
| indexdate | 2024-10-25T16:22:29Z |
| institution | BVB |
| institution_GND | http://id.loc.gov/authorities/names/n77001219 |
| isbn | 1475566182 9781475566185 9781475537321 1475537328 1475510225 9781475510225 1475524854 9781475524857 |
| language | English |
| oclc_num | 903698852 |
| open_access_boolean | |
| owner | MAIN |
| owner_facet | MAIN |
| physical | 1 online resource : illustrations |
| psigel | ZDB-4-EBA |
| publishDate | 2012 |
| publishDateSearch | 2012 |
| publishDateSort | 2012 |
| publisher | International Monetary Fund, |
| record_format | marc |
| series | IMF working paper ; |
| series2 | IMF working paper ; |
| spelling | Tsangarides, Charalambos G., author. http://id.loc.gov/authorities/names/no2001004521 Determinants of growth spells : is Africa different? / [prepared by] Charalambos G. Tsangarides. [Place of publication not identified] : International Monetary Fund, 2012. 1 online resource : illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier polychrome. rdacc http://rdaregistry.info/termList/RDAColourContent/1003 data file IMF working paper ; WP/12/227 Includes bibliographical references. Cover; Contents; I. Introduction; II. Identifying Growth Spells and Their Determinants; A. From Structural Breaks to Growth Spells; B. Determinants of Growth Spells; III. Empirical Strategy; A. Survival Models; B. BMA for survival models; C. Model Specification and Africa Interactions; IV. Results; A. Impact of Model Uncertainty; B. Robustness Analysis Using BMA; V. Conclusion; References; Tables; 1. Growth Breaks by Country Group; 2. Stylized Facts about Growth Spells; 3. Evidence for Lack of Robustness from Ad Hoc Growth Regressions. 4. Posterior Coefficient Estimates for Growth Spells for Africa, Non-Africa, and WorldFigures; 1a. Upbreaks and Downbreaks: Hills, Cliffs, Mountains, and Plateaus; 1b. Upbreaks and Downbreaks: Hills, Cliffs, Mountains, and Plateaus in Africa; 2a. Distribution of Upbreaks; 2b. Distribution of Downbreaks; 3. Duration of Growth Spells and Explanatory Variables; Appendix. Do growth spells in Africa end because of bad realizations of the same factors that influence growth spells in the rest of the world, or because of different factors altogether? To answer this question, we examine determinants of growth spells in Africa and the rest of the world using Bayesian Mode Averaging techniques for proportional hazards models. We define growth spells as periods of sustained growth episodes between growth accelerations and decelerations and then relate the probability that a growth spell ends to various determinants including exogenous shocks, physical and human capital, macroeconomic policy, and sociopolitical factors. Our analysis suggests that determinants of growth spells in Africa are different from those in the rest of the world. The majority of the identified robust determinants have a distinct impact in only one of the two samples: initial income, terms of trade, exchange rate undervaluation and inflation, influence spells only in the world sample, while openness and droughts seem to only affect Africa. In addition, a few common determinants - proxies for human and physical capital and changes in the world interest rate - have very different marginal effects in the two samples. English. Economic development Africa Econometric models. Africa Economic conditions. http://id.loc.gov/authorities/subjects/sh85001548 Développement économique Afrique Modèles économétriques. Afrique Conditions économiques. BUSINESS & ECONOMICS Industries General. bisacsh Economic development Econometric models fast Economic history fast Africa fast https://id.oclc.org/worldcat/entity/E39PBJkHrMyfHC67yqRTycbrv3 International Monetary Fund. Research Department. http://id.loc.gov/authorities/names/n77001219 has work: Determinants of growth spells (Text) https://id.oclc.org/worldcat/entity/E39PCGtPK8tJcC9RBCxC3gm3Km https://id.oclc.org/worldcat/ontology/hasWork Print version: Tsangarides, Charalambos G. Determinants of Growth Spells: is Africa Different? Washington : International Monetary Fund, ©2012 9781475510225 IMF working paper ; WP/12/227. http://id.loc.gov/authorities/names/no89010263 FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=568139 Volltext CBO01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=568139 Volltext |
| spellingShingle | Tsangarides, Charalambos G. Determinants of growth spells : is Africa different? / IMF working paper ; Cover; Contents; I. Introduction; II. Identifying Growth Spells and Their Determinants; A. From Structural Breaks to Growth Spells; B. Determinants of Growth Spells; III. Empirical Strategy; A. Survival Models; B. BMA for survival models; C. Model Specification and Africa Interactions; IV. Results; A. Impact of Model Uncertainty; B. Robustness Analysis Using BMA; V. Conclusion; References; Tables; 1. Growth Breaks by Country Group; 2. Stylized Facts about Growth Spells; 3. Evidence for Lack of Robustness from Ad Hoc Growth Regressions. 4. Posterior Coefficient Estimates for Growth Spells for Africa, Non-Africa, and WorldFigures; 1a. Upbreaks and Downbreaks: Hills, Cliffs, Mountains, and Plateaus; 1b. Upbreaks and Downbreaks: Hills, Cliffs, Mountains, and Plateaus in Africa; 2a. Distribution of Upbreaks; 2b. Distribution of Downbreaks; 3. Duration of Growth Spells and Explanatory Variables; Appendix. Economic development Africa Econometric models. Développement économique Afrique Modèles économétriques. BUSINESS & ECONOMICS Industries General. bisacsh Economic development Econometric models fast Economic history fast |
| subject_GND | http://id.loc.gov/authorities/subjects/sh85001548 |
| title | Determinants of growth spells : is Africa different? / |
| title_auth | Determinants of growth spells : is Africa different? / |
| title_exact_search | Determinants of growth spells : is Africa different? / |
| title_full | Determinants of growth spells : is Africa different? / [prepared by] Charalambos G. Tsangarides. |
| title_fullStr | Determinants of growth spells : is Africa different? / [prepared by] Charalambos G. Tsangarides. |
| title_full_unstemmed | Determinants of growth spells : is Africa different? / [prepared by] Charalambos G. Tsangarides. |
| title_short | Determinants of growth spells : |
| title_sort | determinants of growth spells is africa different |
| title_sub | is Africa different? / |
| topic | Economic development Africa Econometric models. Développement économique Afrique Modèles économétriques. BUSINESS & ECONOMICS Industries General. bisacsh Economic development Econometric models fast Economic history fast |
| topic_facet | Economic development Africa Econometric models. Africa Economic conditions. Développement économique Afrique Modèles économétriques. Afrique Conditions économiques. BUSINESS & ECONOMICS Industries General. Economic development Econometric models Economic history Africa |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=568139 |
| work_keys_str_mv | AT tsangaridescharalambosg determinantsofgrowthspellsisafricadifferent AT internationalmonetaryfundresearchdepartment determinantsofgrowthspellsisafricadifferent |