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Japan's dramatic transformation from economic success to economic stagnation offers important policy lessons to … advanced countries everywhere that are struggling with stagnation. The term 'Japanization' is often used by economists to … describe long-term stagnation and deflation. Symptoms include high unemployment, weak economic activity, interest rates near …
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Using international data starting 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 incomes...
Persistent link: https://www.econbiz.de/10014180211
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...
Persistent link: https://www.econbiz.de/10013127765
Using international data starting 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 incomes...
Persistent link: https://www.econbiz.de/10009301880
"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...
Persistent link: https://www.econbiz.de/10008991971
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