01800cas a2200265 a 4500 AALejournalIMF004935 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451869217 1018-5941 BD-DhAAL BD-DhAAL Ostry, Jonathan. What Makes Growth Sustained? / Jonathan Ostry, Andrew Berg, Jeromin Zettelmeyer. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (33 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We identify structural breaks in economic growth in 140 countries and use these to define "growth spells:" periods of high growth preceded by an upbreak and ending either with a downbreak or with the end of the sample. Growth spells tend to be shorter in African and Latin American countries than elsewhere. We find that growth duration is positively related to: the degree of equality of the income distribution; democratic institutions; export orientation (with higher propensities to export manufactures, greater openness to FDI, and avoidance of exchange rate overvaluation favorable for duration); and macroeconomic stability (with even moderate instability curtailing growth duration). Mode of access: Internet Berg, Andrew. Zettelmeyer, Jeromin. IMF Working Papers; Working Paper ; No. 2008/059 Full text available on IMF http://elibrary.imf.org/view/journals/001/2008/059/001.2008.issue-059-en.xml IMF e-Library