Modern Growth in Perspective: Relative Performance Since the Global Financial Crisis

39 Pages Posted: 14 May 2018

See all articles by Alexander Plekhanov

Alexander Plekhanov

European Bank for Reconstruction and Development (EBRD)

Date Written: May 10, 2018

Abstract

This paper evaluates the growth performance of more than 200 economies. It identifies instances of relatively strong economic performance after the 2008-09 global financial crisis, and asks if determinants of sustained strong (and weak) performance have changed in recent years. It finds that investment matters more for growth post-crisis; that the negative impact of debt-based financial development predates the crisis; and that economic openness and democracy now play a greater role in ensuring “average” growth outcomes.

Keywords: economic growth, reversals, populism, synthetic controls

JEL Classification: O47, E65

Suggested Citation

Plekhanov, Alexander, Modern Growth in Perspective: Relative Performance Since the Global Financial Crisis (May 10, 2018). EBRD Working Paper No. 214, Available at SSRN: https://ssrn.com/abstract=3178069 or http://dx.doi.org/10.2139/ssrn.3178069

Alexander Plekhanov (Contact Author)

European Bank for Reconstruction and Development (EBRD) ( email )

One Exchange Square
London, EC2A 2EH
United Kingdom

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