Trillions Gained and Lost: Estimating the Magnitude of Growth Episodes

@article{Pritchett2016TrillionsGA,
  title={Trillions Gained and Lost: Estimating the Magnitude of Growth Episodes},
  author={L. Pritchett and K. Sen and S. Kar and S. Raihan},
  journal={Economic Modelling},
  year={2016},
  volume={55},
  pages={279-291}
}
  • L. Pritchett, K. Sen, +1 author S. Raihan
  • Published 2016
  • Economics
  • Economic Modelling
  • An increasingly large literature in the empirics of growth has viewed economic growth as an ‘episodic phenomena’. We propose a new technique for measuring the total magnitude of a growth episode: the change in output per capita resulting from one structural break in the trend growth of output (acceleration or deceleration) to the next. Our method allows us to quantify the amount of income gain and loss during growth accelerations and growth decelerations. We show that the income gains and… CONTINUE READING
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