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of stagnation or low growth. Comparative case studies of the Great Depression, the Latin American debt crisis of the 1980 … prosperity for a long time? The main conclusion is that stagnation after big financial crises becomes likely when the balance …
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This paper explores how the ongoing crisis, the policy responses to it, and the post-crisis global economy will impact China's medium-term prospects for growth, poverty reduction, and development. The paper reviews China's pre-crisis growth experience, including its relationship to global...
Persistent link: https://www.econbiz.de/10012976358
This paper explores how the ongoing crisis, the policy responses to it, and the post-crisis global economy will impact China's medium-term prospects for growth, poverty reduction, and development. The paper reviews China's pre-crisis growth experience, including its relationship to global...
Persistent link: https://www.econbiz.de/10012551650
The commission on growth and development was established in April 2006 as a response to two observations. While the author felt that the benefits of growth were not fully appreciated, the author recognized that the causes of growth were not fully understood. Growth is often overlooked and...
Persistent link: https://www.econbiz.de/10012561075
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Paul Krugman, that the Japanese economy is in a liquidity trap. We argue that Japan's economic stagnation stems from a …
Persistent link: https://www.econbiz.de/10010505168
stagnation. We examine a panel of 241 quot;stagnation episodesquot; from 146 countries, 54 % of these episodes are followed by … takeoffs. Countries that experience takeoffs average 2.3% annual growth following their stagnation episodes, while those that …
Persistent link: https://www.econbiz.de/10012776960
This paper analyzes productivity growth trends in emerging-market economies vis-à-vis advanced economies, both in the recent global productivity slowdown and from a long-term perspective. While income has converged in most countries in the last three decades, total factor productivity has...
Persistent link: https://www.econbiz.de/10012909321