Abstract

http://ssrn.com/abstract=1801089
 
 

References (23)



 
 

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


Barry Eichengreen


University of California, Berkeley - Department of Economics; National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR)

Donghyun Park


Asian Development Bank - Economic Research

Kwanho Shin


Korea University; Claremont Mckenna College

March 2011

NBER Working Paper No. w16919

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 $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.

Number of Pages in PDF File: 50

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Date posted: April 4, 2011  

Suggested Citation

Eichengreen, Barry and Park, Donghyun and Shin, Kwanho, When Fast Growing Economies Slow Down: International Evidence and Implications for China (March 2011). NBER Working Paper No. w16919. Available at SSRN: http://ssrn.com/abstract=1801089

Contact Information

Barry Eichengreen (Contact Author)
University of California, Berkeley - Department of Economics ( email )
549 Evans Hall #3880
Berkeley, CA 94720-3880
United States
510-642-2772 (Phone)
510-642-0822 (Fax)
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Centre for Economic Policy Research (CEPR)
77 Bastwick Street
London, EC1V 3PZ
United Kingdom
Donghyun Park
Asian Development Bank - Economic Research ( email )
6 ADB Avenue, Mandaluyong City 1550
Metro Manila
Philippines

Kwanho Shin
Korea University ( email )
1 Anam-dong 5 ka
Sunbuk-Ku, Department of Economics
Seoul 136-701
Korea
82-2-3290-2220 (Phone)
82-2-3290-2719 (Fax)
HOME PAGE: econ.korea.ac.kr/~khshin
Claremont Mckenna College ( email )
500 E. 9th Street
Bauer, Department of Economics
Claremont, CA 91711
United States
909-607-9685 (Phone)
Feedback to SSRN


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