Eichengreen, Barry; Park, Donghyun; Shin, Kwanho - In: Japan and the World Economy 32 (2014) C, pp. 65-84
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 …