Real Income Stagnation of Countries, 1960-2001

Sanjay Reddy and Camelia Minoiu

Working Papers from United Nations, Department of Economics and Social Affairs

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.

Keywords: real income stagnation; patterns of economic growth (search for similar items in EconPapers)
JEL-codes: O10 O11 O47 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2006-09
New Economics Papers: this item is included in nep-afr and nep-dev
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Related works:
Journal Article: Real Income Stagnation of Countries 1960-2001 (2009)
Working Paper: Real Income Stagnation of Countries, 1960-2001 (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:une:wpaper:28

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