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dc.contributor.authorCavallo, Alberto F.en
dc.contributor.authorCavallo, Eduardo A.en
dc.date.accessioned2010-02-23-
dc.date.accessioned2011-11-18T11:48:43Z-
dc.date.available2011-11-18T11:48:43Z-
dc.date.issued2008-
dc.identifier.urihttp://hdl.handle.net/10419/51520-
dc.description.abstractThis paper provides empirical evidence for the importance of institutions in determining the outcome of crises on long-term growth. Once unobserved country-specific effects and other sources of endogeneity are accounted for, political institutions affect growth through their interaction with crises. The results suggest that only countries with strong democracies, high levels of political competition and external constraints on government can potentially benefit from crises and use them as opportunities to enhance long-term output per capita and productivity growth.en
dc.language.isoengen
dc.publisher|aInter-American Development Bank, Research Department |cWashington, DCen
dc.relation.ispartofseries|aWorking Paper |x643en
dc.subject.jelO40en
dc.subject.jelO43en
dc.subject.jelF43en
dc.subject.ddc330en
dc.subject.keywordfinancial crisesen
dc.subject.keyworddemocracyen
dc.subject.keywordpolitical institutionsen
dc.subject.keywordeconomic growthen
dc.subject.stwFinanzmarktkriseen
dc.subject.stwDemokratieen
dc.subject.stwInstitutionalismusen
dc.subject.stwWirtschaftswachstumen
dc.subject.stwWelten
dc.titleAre crises good for long-term growth? The role of political institutions-
dc.typeWorking Paperen
dc.identifier.ppn586084444en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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