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  • Eric Werker


Learning from double-digit growth experiences. Eric Werker, March 2013, Paper. "This extended memorandum identifies episodes of sustained double-digit growth in real GDP, defined as a compound annual growth rate of 10 percent or more over a period of 8 years or longer. Using a measure of real GDP reported in the World Development Indicators, we identify 33 country-episodes of double-digit growth since 1960. The narrative of each episode is presented, and key drivers of growth described. The double-digit growth episodes are then compared to episodes of sustained 6-7 percent growth on a number of economic and development indicators.  Statistical tests show that differences in average episode values between the two groups are significant for: Amount of FDI received, the share of natural resource rents in GDP, investment, export growth, industrial composition, and public spending on education. "  Link