When Fast Growing Economies Slow Down: International Evidence and Implications for China / Barry Eichengreen, Donghyun Park, Kwanho Shin.

Format:

Book

Author/Creator:

Eichengreen, Barry.

Contributor:

National Bureau of Economic Research.

Park, Donghyun.

Shin, Kwanho.

Series:

Working Paper Series (National Bureau of Economic Research) no. w16919.

NBER working paper series no. w16919

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

When Fast Growing Economies Slow Down

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2011.

Summary:

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 $17,000 US 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.

Notes:

Print version record

March 2011.