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When Fast Growing Economies Slow Down: International Evidence and Implications for the People’s Republic of China

dc.contributor.authorBarry Eichengreen
dc.contributor.authorDonghyun Park
dc.contributor.authorKwanho Shin
dc.date.accessioned2015-01-30T14:45:38Z
dc.date.available2015-01-30T14:45:38Z
dc.date.issued2011-06-01
dc.identifier.urihttp://hdl.handle.net/11540/2021
dc.description.abstractUsing international data starting 1957, this paper constructs 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 $17,000 in year-2005 constant international prices, a level that the People's Republic of China should achieve by or soon after 2015. Among more provocative findings is that growth slowdowns are more likely in countries that maintain undervalued real exchange rates.
dc.languageEnglish
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.titleWhen Fast Growing Economies Slow Down: International Evidence and Implications for the People’s Republic of China
dc.typeWorking Papers
dc.subject.expertDevelopment Economics
dc.subject.expertRegional Economic Development
dc.subject.expertEconomic Impact
dc.subject.expertAsian Development Bank
dc.subject.expertDevelopment
dc.subject.adbEconomies in transition
dc.subject.adbEconomic agreements
dc.subject.adbDevelopment indicators
dc.subject.adbADB
dc.subject.adbEconomic development
dc.subject.naturalComparative economics
dc.subject.naturalRegional economics
dc.subject.naturalEconomic development projects
dc.title.seriesADB Economics Working Paper Series
dc.title.volumeNo. 262
dc.contributor.imprintAsian Development Bank
oar.themeEconomics
oar.themeDevelopment
oar.adminregionEast Asia Region
oar.countryChina, People's Republic of
oar.identifierOAR-001463
oar.authorEichengreen, Barry
oar.authorPark, Donghyun
oar.authorShin, Kwanho
oar.importtrue
oar.googlescholar.linkpresenttrue


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