How to order
IMF Publications

Working Papers in full text
2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 All

Other research-related activities and publications of the IMF can be found at IMF Research

Free Email Notification

Receive emails when we post new items of interest to you.

Subscribe or Modify your profile

The Rising Resilience of Emerging Market and Developing Economies

Author/Editor: Abdul Abiad | John C Bluedorn | Jaime Guajardo | Petia Topalova
Authorized for Distribution: December 20, 2012
Electronic Access: Free Full Text (PDF file size is 1,290KB)
Use the free Adobe Acrobat Reader to view this PDF file.
Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.

Summary: Economic performance in many emerging market and developing economies (EMDEs) improved substantially over the past twenty years. The past decade was particularly good—for the first time EMDEs spent more time in expansion and had smaller downturns thanadvanced economies. In this paper we document the history of EMDEs’ resilience over the past sixty years, and investigate what factors have been associated with it. We find that their improved performance in recent years is accounted for by both good policies and a lowerincidence of external and domestic shocks—better policies account for about three-fifths of their improved resilience, while less frequent shocks account for the remainder.
Order a print copy
Series: Working Paper No. 12/300
Subject(s): Emerging markets | Developing countries | Economic growth | Economic recovery
    Published:   December 20, 2012        
    ISBN/ISSN:   9781475584851/1018-5941   Format:   Paper
    Stock No:   WPIEA2012300   Pages:   46
    Price:   US$18.00
Please address any questions about this title to