When fast growing economies slow down
Subtitle: international evidence and implications for China
By: Barry Eichengreen, Donghyun Park, Kwanho Shin
Contributors: Park, Donghyun; Shin, Kwanho, 1963-; National Bureau of Economic Research
Series: NBER working paper series -- working paper 16919; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 16919.
Publisher: National Bureau of Economic Research
Published: 2011
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "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"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 6/16/2011.

Includes bibliographical references.

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