Browsing Economic and Social Review by Subject "Economic growth theory"
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Output collapse, growth and volatility in Sub-Saharan Africa: a regime-switching approach
(Economic & Social StudiesDublin, 2010)A Markov-switching model with time-varying transition probabilities is applied to sub- Saharan African data to examine the link between output collapses and growth. In the model, the growth rate moves discretely between ...