systematically and comprehensively assesses the effect of private debt buildup on economic growth. In the spirit of Mian, Sufi, and … growth in developed economies, this study specifically provides new evidence on the growth - private debt nexus in both …

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

of China (PRC) as a new source of demand and growth. The central objective of this paper is to empirically assess whether … developing Asia's exports and growth. As a result, developing Asian countries are increasingly looking to the People's Republic … trade with the PRC can become an engine of growth for developing Asia. To do so, we examine the structure of PRC's trade …

demand and growth. As a result, the collapse of exports to the US and other industrialized countries during the global … financial and economic crisis has sharply curtailed gross domestic product (GDP) growth across the region. The emergence of the … People's Republic of China (PRC) as a globally influential economic force is fueling hopes that it can supplement the US as …

prospects as an engine of growth. Our analysis resoundingly confirms the conventional wisdom of an underperforming service …

We analyze the incidence and correlates of growth slowdowns in fast-growing middle-income countries, extending the …, consistent with the existence of multiple modes. We suggest that growth in middle-income countries may slow down in a succession … of stages rather than at a single point in time. This implies that a larger group of countries is at risk of a growth …

-term challenge of sustaining growth beyond the crisis. The central objective of this paper is to empirically investigate the sources … of economic growth in 12 developing Asian economies during 1992–2007 via a two-stage analysis. In the first stage, we … estimate total factor productivity growth (TFPG) and account for the relative importance of labor, capital, and TFPG in growth …