Economic depression in the world |
| |
| Institution: | 1. Department of Ophthalmology, New Zealand National Eye Centre, Faculty of Medical and Health Science, University of Auckland, Auckland, New Zealand;2. Department of Ophthalmology, Greenlane Clinical Centre, Auckland District Health Board, Auckland, New Zealand;1. Department of Anesthesiology, Chongqing Cancer Institute, Chongqing 40030, PR China;2. Guangxi Medical University, Nanning, Guangxi 530021, PR China;3. Institute of Life Science, Chongqing Medical University, Chongqing 400016, PR China;1. Department of Pharmacology, School of Medicine in Katowice, Medical University of Silesia, Katowice, Poland;2. Department of Medical Genetics, Faculty of Pharmacy with Division of Laboratory Medicine, Sosnowiec, Medical University of Silesia in Katowice, Poland;3. Department of Pharmacokinetics and Drug Metabolism, Institute of Pharmacology, Polish Academy of Sciences, Kraków, Poland;1. Korea Atomic Energy Research Institute, Daedeok-daero, Daejeon 34057, Republic of Korea;2. National Fusion Research Institute, Gwahak-ro, Yuseong, Daejeon 34133, Republic of Korea |
| |
| Abstract: | We create a dataset of country experience with economic depression around the world. We define a depression episode as a period of cumulative decline in per capita output of 20% or more lasting at least four years. We find depressions are surprisingly common. We describe their incidence and onset over decades, regions, and levels of development. We identify economic, political, financial, and cultural variables that are associated with depressions. Probit analysis reveals that the probability of entering or exiting a depression is influenced by domestic and international shocks. |
| |
| Keywords: | Economic depression Economic fluctuations Growth patterns Institutions Culture Crises |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
