The Rising Resilience of Emerging Market and Developing Economies

Abdul Abiad, John Bluedorn, Jaime Guajardo and Petia Topalova

World Development, 2015, vol. 72, issue C, 1-26

Abstract: Economic performance in many emerging market and developing economies (EMDEs) improved substantially over the past 20years. In the past decade EMDEs spent more time in expansion and had smaller downturns than advanced economies for the first time. We document the history of EMDEs’ resilience over the past 60years, and investigate what factors have been associated with it. We find that their improved performance since the 2000s is accounted for by both good policies and a lower incidence of external and domestic shocks—better policies account for about three-fifths of their improved resilience, while less frequent shocks account for the remainder.

Keywords: emerging markets; developing countries; resilience; growth; development; expansion (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (16)

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Working Paper: The Rising Resilience of Emerging Market and Developing Economies (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:wdevel:v:72:y:2015:i:c:p:1-26

DOI: 10.1016/j.worlddev.2015.02.005

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