The World Bank Working for a World Free of Poverty Microdata Library
  • Data Catalog
  • Collections
  • Citations
  • Terms of use
  • About
  • Login
    Login
    Home / Central Data Catalog / MICRODATA_RG / WLD_1988_RMFG_V01_M
microdata_rg

The Role of Macroeconomic Factors in Growth 1961-1988

Afghanistan, Angola, Argentina...and 110 more, 1961 - 1988
Get Microdata
Reference ID
WLD_1988_RMFG_v01_M
DOI
https://doi.org/10.48529/gnht-1f67
Producer(s)
Stanley Fischer
Collection(s)
Development Research Microdata Fragility, Conflict and Violence
Metadata
Documentation in PDF DDI/XML JSON
Study website
Created on
Apr 11, 2011
Last modified
Jun 13, 2022
Page views
16478
Downloads
1303
  • Study Description
  • Data Description
  • Documentation
  • Get Microdata
  • Identification
  • Scope
  • Coverage
  • Producers and sponsors
  • Data Collection
  • Access policy
  • Disclaimer and copyrights
  • Metadata production

Identification

Survey ID Number
WLD_1988_RMFG_v01_M
Title
The Role of Macroeconomic Factors in Growth 1961-1988
Country/Economy
Name Country code
Afghanistan AFG
Angola AGO
Argentina ARG
Burundi BDI
Benin BEN
Burkina Faso BFA
Bahrain BHR
Bahamas, The BHS
Bolivia BOL
Brazil BRA
Barbados BRB
Botswana BWA
Chile CHL
China CHN
Cameroon CMR
Congo, Dem. Rep. COD
Congo, Rep. COG
Colombia COL
Comoros COM
Costa Rica CRI
Cyprus CYP
Dominican Republic DOM
Algeria DZA
Ecuador ECU
Egypt, Arab Rep. EGY
Spain ESP
Ethiopia ETH
Fiji FJI
Gabon GAB
Ghana GHA
Guinea GIN
Gambia, The GMB
Guinea-Bissau GNB
Greece GRC
Grenada GRD
Guatemala GTM
Guyana GUY
Hong Kong SAR, China HKG
Honduras HND
Haiti HTI
Hungary HUN
Indonesia IDN
India IND
Iran, Islamic Rep. IRN
Iraq IRQ
Iceland ISL
Israel ISR
Jamaica JAM
Jordan JOR
Japan JPN
Kenya KEN
Korea, Rep. KOR
Kuwait KWT
Lao PDR LAO
Lebanon LBN
Liberia LBR
Libya LBY
Sri Lanka LKA
Lesotho LSO
Morocco MAR
Madagascar MDG
Maldives MDV
Mexico MEX
Mali MLI
Malta MLT
Myanmar MMR
Mozambique MOZ
Mauritania MRT
Mauritius MUS
Malawi MWI
Malaysia MYS
Niger NER
Nigeria NGA
Nicaragua NIC
Nepal NPL
New Zealand NZL
Oman OMN
Pakistan PAK
Panama PAN
Peru PER
Philippines PHL
Papua New Guinea PNG
Poland POL
Portugal PRT
Paraguay PRY
Romania ROU
Rwanda RWA
Saudi Arabia SAU
Sudan SDN
Senegal SEN
Singapore SGP
Sierra Leone SLE
El Salvador SLV
Somalia SOM
Suriname SUR
Eswatini SWZ
Syrian Arab Republic SYR
Chad TCD
Togo TGO
Thailand THA
Trinidad and Tobago TTO
Tunisia TUN
Turkiye TUR
Taiwan, China TWN
Tanzania TZA
Uganda UGA
Uruguay URY
Venezuela, RB VEN
Vietnam VNM
Yemen, Rep. YEM
Zambia ZMB
Zimbabwe ZWE
Yugoslavia Fed. Rep. YUG
Study type
Macroeconomics - Indicators
Abstract
Data used in Stan Fischer's paper, The Role of Macroeconomic Factors in Growth (JME, 1993).

Using a regression analog of growth accounting, the author presents cross-sectional and panel regressions showing that growth is negatively associated with inflation, large budget deficits, and distorted foreign exchange markets. Supplementary evidence suggests that the causation runs from macroeconomic policy to growth. The framework makes it possible to identify the channels of these effects: inflation reduces growth by reducing investment and productivity growth; budget deficits also reduce both capital accumulation and productivity growth. Examination of exceptional cases shows that while low inflation and small deficits are not necessary for high growth even over long periods, high inflation is not consistent with sustained growth.
Kind of Data
Aggregate data [agg]

Scope

Notes
The dataset includes the following indicators:
- Growth rate of total GDP
- Capital stock growth rate
- Labor force growth rate
- Growth rate of total human capital
- Years of educational attainment of the labor force
- Solow productivity residual
- Human capital stock
- Inflation rate
- Inflation uncertainty
- Budget surplus or deficit
- Ratio of liquid liabilities to GDP
- Rate of change of terms of trade
- Trade openness
- Black market exchange rate premium

Coverage

Geographic Coverage
- Afghanistan
- Angola
- Argentina
- Burundi
- Benin
- Bangladesh
- Bahrain
- Bahamas
- Belize
- Bolivia
- Brazil
- Barbados
- Myanmar
- Botswana
- Central African Rep
- Chile
- China
- Cote d'Ivoire
- Cameroon
- Congo
- Colombia
- Comoros
- Costa Rica
- Cyprus
- Dominican Republic
- Algeria
- Ecuador
- Egypt
- Spain
- Ethiopia
- Fiji
- Gabon
- Ghana
- Guinea
- Gambia, The
- Guinea-Bissau
- Greece
- Grenada
- Guatemala
- Guyana
- Hong Kong
- Honduras
- Haiti
- Hungary
- Burkina Faso
- Indonesia
- India
- Iran
- Iraq
- Iceland
- Israel
- Jamaica
- Jordan
- Japan
- Kenya
- Kampuchea
- South Korea
- Kuwait
- Laos
- Lebanon
- Liberia
- Libya
- St. Lucia
- Sri Lanka
- Lesotho
- Morocco
- Madagascar
- Maldives
- Mexico
- Mali
- Malta
- Mozambique
- Mauritania
- Mauritius
- Malawi
- Malaysia
- Niger
- Nigeria
- Nicaragua
- Nepal
- New Zealand
- Taiwan
- Oman
- Pakistan
- Panama
- Peru
- Philippines
- Papua New Guinea
- Poland
- Portugal
- Paraguay
- Romania
- Rwanda
- Saudi Arabia
- Sudan
- Senegal
- Singapore
- Sierra Leone
- El Salvador
- Somalia
- Suriname
- Swaziland
- Syria
- Chad
- Togo
- Thailand
- Trinidad and Tobago
- Tunisia
- Turkey
- Tanzania
- Uganda
- Uruguay
- Venezuela
- Viet Nam
- Western Samoa
- South Yemen
- North Yemen
- Yugoslavia
- South
- Zaire
- Zambia
- Zimbabwe

Producers and sponsors

Primary investigators
Name
Stanley Fischer

Data Collection

Dates of Data Collection
Start End
1961 1988
Data Collection Mode
Other [oth]

Access policy

Contacts
Name Affiliation Email URL
Development Research Group World Bank research@worldbank.org Link
Citation requirements
Use of the dataset must be acknowledged using a citation which would include:
- the Identification of the Primary Investigator
- the title of the survey (including acronym and year of implementation)
- the survey reference number
- the source and date of download

Example:

Stanley Fischer. The Role of Macroeconomic Factors in Growth (RMFG) 1961-1988. Ref. WLD_1988_RMFG_v01_M. Dataset downloaded from http://microdata.worldbank.org on [date]

Disclaimer and copyrights

Disclaimer
The user of the data acknowledges that the original collector of the data, the authorized distributor of the data, and the relevant funding agency bear no responsibility for use of the data or for interpretations or inferences based upon such uses.

Metadata production

DDI Document ID
DDI_WLD_1988_RMFG_v02_M
Date of Metadata Production
2011-01-20
DDI Document version
DDI Document - Version 02 - (04/27/21)
This version is identical to DDI_WLD_1988_RMFG_v01_M but country field has been updated to capture all the countries covered by survey.

Version 01 (January 2011)
Back to Catalog
The World Bank Working for a World Free of Poverty
  • IBRD IDA IFC MIGA ICSID

© The World Bank Group, All Rights Reserved.

This site uses cookies to optimize functionality and give you the best possible experience. If you continue to navigate this website beyond this page, cookies will be placed on your browser. To learn more about cookies, click here.