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When Fast Growing Economies Slow Down: International Evidence and Implications for the People's Republic of China
| Date: | June 2011 |
| Type: | Papers and Briefs |
| Series: | Economics Working Papers |
| ISSN: | 1655-5252 (print) |
Description
This paper analyzes international historical evidence and finds that economic growth slows down when per capita income reaches US$17,000. Based on its current income and recent growth rates, the People's Republic of China could reach this income level as early as 2015. However, this paper points out that there are a number of special factors that may substantially prolong the People's Republic of China's era of rapid growth.
Contents
- Abstract
- Introduction
- Identifying Growth Slowdowns
- What Slowdowns Look Like
- Proximate Source of Slowdowns
- Extensions
- Effects of Economic Policy
- Implications for the People’s Republic of China
- Conclusion
- Data Appendix
- References
