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Real Income Stagnation of Countries, 1960-2001

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Author Info
Sanjay G. Reddy
Camelia Minoiu

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Abstract

We examine the phenomenon of real-income stagnation in a large cross-section of countries during the last four decades. Stagnation is defined as negligible or negative growth extending over a number of years. We find that stagnation has affected more than three fifths of countries (103 out of 168). Stagnating countries were more likely to have been poor, in Latin America or sub-Saharan Africa, conflict ridden and dependent on primary commodity exports. Stagnation is recurrent: countries that were stagnators in the 1960s had a likelihood of 75 percent of having been stagnators in the 1990s.

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Paper provided by United Nations, Department of Economics and Social Affairs in its series Working Papers with number 28.

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Length: 40 pages
Date of creation: Sep 2006
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Handle: RePEc:une:wpaper:28

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Related research
Keywords: real income stagnation; patterns of economic growth;

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Find related papers by JEL classification:
O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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  1. Rodrik, Dani, 1999. " Where Did All the Growth Go? External Shocks, Social Conflict, and Growth Collapses," Journal of Economic Growth, Springer, vol. 4(4), pages 385-412, December. [Downloadable!] (restricted)
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  2. Pritchett, Lant, 2000. "Understanding Patterns of Economic Growth: Searching for Hills among Plateaus, Mountains, and Plains," World Bank Economic Review, Oxford University Press, vol. 14(2), pages 221-50, May. [Downloadable!]
  3. Aaron Tornell & Philip R. Lane, 1999. "The Voracity Effect," American Economic Review, American Economic Association, vol. 89(1), pages 22-46, March. [Downloadable!] (restricted)
  4. Hausmann, Ricardo & Pritchett, Lant & Rodrik, Dani, 2004. "Growth Accelerations," CEPR Discussion Papers 4538, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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  5. Francisco Rodríguez, 2006. "The Anarchy of Numbers: Understanding the Evidence on Venezuelan Economic Growth," Wesleyan Economics Working Papers 2006-009, Wesleyan University, Department of Economics. [Downloadable!]
  6. Rodriguez, Francisco & Sachs, Jeffrey D, 1999. " Why Do Resource-Abundant Economies Grow More Slowly?," Journal of Economic Growth, Springer, vol. 4(3), pages 277-303, September. [Downloadable!] (restricted)
  7. Barro, Robert J, 1991. "Economic Growth in a Cross Section of Countries," The Quarterly Journal of Economics, MIT Press, vol. 106(2), pages 407-43, May. [Downloadable!] (restricted)
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  8. Levine, Ross & Renelt, David, 1992. "A Sensitivity Analysis of Cross-Country Growth Regressions," American Economic Review, American Economic Association, vol. 82(4), pages 942-63, September. [Downloadable!] (restricted)
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  9. Ben-David, D. & Papell, D.H., 1996. "Slowdowns and Meltdowns: Post-War Growth Evidence from 74 Countries," Papers 9-96, Tel Aviv.
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  10. Sachs, Jeffrey D. & Warner, Andrew M., 1999. "The big push, natural resource booms and growth," Journal of Development Economics, Elsevier, vol. 59(1), pages 43-76, June. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Francisco Rodríguez, 2008. "An Empirical Test of the Poverty Traps Hypothesis," Publications 4, International Policy Centre for Inclusive Growth. [Downloadable!]
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  2. Jomo Kwame Sundaram & Rudiger von Arnim, 2008. "Economic liberalization and constraints to development in sub-Saharan africa," Working Papers 67, United Nations, Department of Economics and Social Affairs. [Downloadable!]
  3. Hausmann, Ricardo & Rodriguez, Francisco & Wagner, Rodrigo, 2006. "Growth Collapses," Working Paper Series rwp06-046, Harvard University, John F. Kennedy School of Government. [Downloadable!]
    Other versions:
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