Eichengreen, Barry; Park, Donghyun; Shin, Kwanho - In: Asian Economic Papers 11 (2012) 1, pp. 42-87
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...
