This study investigates the economic growth and catch-up of the Republic of Korea over the past half-century. The gap …'s lower per capita income, relative to its potential level, has led to higher growth, confirming the prediction of a … catches up to the United States and its steady-state level in per worker output, it is subject to growth slowdown unless it …

around. A decline in the manufacturing sector growth rate will negatively affect the growth rate of the services sector, in … findings indicate that the manufacturing sector is still the key engine of economic growth for middle-income economies. …

relationship between the PRC's foreign direct investment and economic growth among the 10 ASEAN member countries from 1995 to 2013 … growth in ASEAN, and economic growth in ASEAN resulted in the PRC's direct investment in ASEAN. This finding raises …

complementarities associated with trade infrastructure. The empirical literature shows that, on average, trade causes growth, but the …

-mover advantage and the growth in investment rate are both major contributors to the current decline in the PRC's productivity …. Although the stimulus-induced investment surge has effectively offset the negative effects of the crisis on the PRC's growth …, it is not conducive to the growth of productivity and consumption. The current economic slowdown does not seem to be a …

Is there a "middle-income trap"? Theory suggests that the determinants of growth at low and high income levels may be … different. If countries struggle to transition from growth strategies that are effective at low income levels to growth … that the determinants of growth at low and high income levels differ. These findings suggest a mixed conclusion: middle …

emerged. The term MIT usually refers to countries that have experienced rapid growth and thus reached the status of a middle …-income economies. In particular, since the beginning of the growth slowdown of the economy of the People's Republic of China (PRC) in …