When Fast-Growing Economies Slow Down: International Evidence and Implications for China

Barry Eichengreen, Donghyun Park and Kwanho Shin

Asian Economic Papers, 2012, vol. 11, issue 1, 42-87

Abstract: Using international data starting in 1957, we construct a sample of cases where fast-growing economies slow down. The evidence suggests that rapidly growing economies slow down significantly, in the sense that the growth rate downshifts by at least 2 percentage points, when their per capita incomes reach around US$ 17,000 in year-2005 constant international prices, a level that China should achieve by or soon after 2015. Among our more provocative findings is that growth slowdowns are more likely in countries that maintain undervalued real exchange rates. © 2012 The Earth Institute at Columbia University and the Massachusetts Institute of Technology.

Keywords: China; economic growth; slowdown (search for similar items in EconPapers)
Date: 2012
References: Add references at CitEc
Citations: View citations in EconPapers (152)

Downloads: (external link)
http://www.mitpressjournals.org/doi/pdf/10.1162/ASEP_a_00118 link to full text PDF (application/pdf)

Related works:
Working Paper: When Fast Growing Economies Slow Down: International Evidence and Implications for China (2011)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:tpr:asiaec:v:11:y:2012:i:1:p:42-87

Ordering information: This journal article can be ordered from
https://mitpressjour ... rnal/?issn=1535-3516

Access Statistics for this article

Asian Economic Papers is currently edited by Wing Thye Woo, Sungbae An, Fukunari Kimura and Ming Lu

More articles in Asian Economic Papers from MIT Press
Bibliographic data for series maintained by The MIT Press ().