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This paper analyzes international historical evidence and finds that economic growth slows down when per capita income reaches US{dollar}17,000.
Persistent link: https://www.econbiz.de/10010507314
"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
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
Persistent link: https://www.econbiz.de/10011286650
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