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Crises and Growth: A Re-Evaluation

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NBER2003-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w10073
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We address the question of whether growth and welfare can be higher in crisis prone economies. First, we show that there is a robust empirical link between per-capita GDP growth and negative skewness of credit growth across countries with active financial markets. That is, countries that have
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2003-11-01
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