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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 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
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 … with developing Asia, in particular the relative shares of parts and components versus final goods in its imports from the …
Persistent link: https://www.econbiz.de/10011432684
Asia has run since the 1997–1998 Asian crisis. A country's current account surplus is, by definition, equal to its net …
Persistent link: https://www.econbiz.de/10010507271
Developing Asia has traditionally relied on exports to the United States (US) and other industrialized countries for …
Persistent link: https://www.econbiz.de/10010507284
The underdeveloped service sector in Asia has the potential to become a new engine of economic growth for developing … Asia, which has traditionally relied on export-oriented manufacturing to power its growth. The central objective of this … role of the service sector as an engine of growth in Asia. However, some Asian countries where the service sector is …
Persistent link: https://www.econbiz.de/10010507372
Asia has run since the 1997-1998 Asian crisis. A country's current account surplus is, by definition, equal to its net …
Persistent link: https://www.econbiz.de/10003832264
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 … with developing Asia, in particular the relative shares of parts and components versus final goods in its imports from the …
Persistent link: https://www.econbiz.de/10003899253
Developing Asia has traditionally relied on exports to the United States (US) and other industrialized countries for …
Persistent link: https://www.econbiz.de/10003899275
policy issues faced by the policymakers in Asia. Recent studies show that East Asia is quite integrated in trade. Financial … deepening trade integration in East Asia indicates that the impact of slowdown in the US economy is not likely to be large …
Persistent link: https://www.econbiz.de/10003855375