American Economic Review
ISSN 0002-8282 (Print) | ISSN 1944-7981 (Online)
Growth Dynamics: The Myth of Economic Recovery: Comment
American Economic Review
vol. 102,
no. 7, December 2012
(pp. 3774–77)
Abstract
This comment highlights different ways of coding crisis episodes in Cerra and Saxena (2008) (CS). The comment shows that the coding used for civil war implies a misrepresentation of its impact. A correct coding of civil war reveals that the average civil war leads to a loss in output of 18 percent. This makes civil wars more devastating than all other crisis studied by CS.Citation
Mueller, Hannes. 2012. "Growth Dynamics: The Myth of Economic Recovery: Comment." American Economic Review, 102 (7): 3774–77. DOI: 10.1257/aer.102.7.3774Additional Materials
JEL Classification
- E23 Macroeconomics: Production
- E32 Business Fluctuations; Cycles
- O47 Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence