evidence suggests that rapidly growing economies slow down significantly, in the sense that the growth rate downshifts by at …, a level that China should achieve by or soon after 2015. Among our more provocative findings is that growth slowdowns …

During the past two decades, there has been a dramatic change in IPO activity around the world. Though vibrant IPO … the U.S. has fallen compared to the rest of the world and U.S. firms go public less than expected based on the economic … importance of the U.S. In the early 1990s, the declining U.S. IPO share was due to the extraordinary growth of IPOs in foreign …