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China's march to prosperity : reforms to avoid the middle-income trap

Koen, Vincent; Herd, Richard; Hill, Sam - 2013

China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...

Persistent link: https://www.econbiz.de/10010231008

Chapter 2. Macroeconomics, Aging, and Growth

Lee, R. - In: Handbook of the economics of population aging : Volume 1, (pp. 59-118). 2016

Inevitable population aging and slower population growth will affect the economies of all nations in ways influenced by cultural values, institutional arrangements, and economic incentives. One outcome will be a tendency toward increased capital intensity, higher wages, and lower returns on...

Persistent link: https://www.econbiz.de/10014023480

The Aging Tax on Potential Growth in Asia

Tran, Quang-Thanh - 2022

Population aging is becoming a prominent issue in Asia, especially for developing countries where demographic changes have asserted a downward pressure on the rate of growth. This paper refers to such potential unwanted effects as an “aging tax” and analytically examines them from a...

Persistent link: https://www.econbiz.de/10013306544

Growth slowdowns, middle-income trap, and demographic profile in South Asia

Jayasooriya, S. P. - 2017

lead to stagnation at the middle-income level. Economic growth depends on changes in the demographics of a country …

Persistent link: https://www.econbiz.de/10011646990

Equilibrium real interest rates and secular stagnation : an empirical analysis for euro area member countries

Belke, Ansgar; Klose, Jens - 2016

Is secular stagnation a valid concern for Euro Area countries? We tackle this question using the well-established Laubach-Williams model to estimate the unobservable equilibrium real interest rate and compare it to the actual real rate. We apply our approach to twelve Euro Area countries, since...

Persistent link: https://www.econbiz.de/10011500118

Public Debt, Economic Growth and the Real Interest Rate : A Panel VAR Approach to EU and OECD Countries

Ogawa, Kazuo - 2016

We investigate the causal relationship between the public debt to GDP ratio and economic growth for 31 EU and OECD countries from 1995 to 2013. A number of studies have tackled this problem, but very few make the transmission mechanism explicit in their analysis. We estimate a panel VAR model...

Persistent link: https://www.econbiz.de/10012999880

Equilibrium Real Interest Rates and Secular Stagnation : An Empirical Analysis for Euro-Area Member Countries

Belke, Ansgar Hubertus - 2017

Is secular stagnation—a period of persistently lower growth such as that seen following the financial crisis of 2008-09—a valid concern for euro-area countries? We tackle this question using the well-established Laubach-Williams model to estimate the unobservable equilibrium real interest...

Persistent link: https://www.econbiz.de/10012945575

Low Real Rates as Driver of Secular Stagnation : Empirical Assessment

van den End, Jan Willem - 2014

, which could be a harbinger of secular stagnation if the real rate declines. Outcomes of VAR models for Japan, Germany and … the US show that a fall in the real rate indeed affects the natural rate. This causality is significant for Japan …, borderline significant for Germany and not significant for the US. The outcomes for Japan confirm that a prolonged period of low …

Persistent link: https://www.econbiz.de/10013045212

Equilibrium real interest rates and secular stagnation : an empirical analysis for euro-area member countries

Belke, Ansgar; Klose, Jens - 2017

Is secular stagnation - a period of persistently lower growth such as that seen following the financial crisis of 2008/09 - a valid concern for euro-area countries? We tackle this question using the well-established Laubach-Williams model to estimate the unobservable equilibrium real interest...

Persistent link: https://www.econbiz.de/10011761807

Measuring the natural rate of interest in Brazil

Maka, Alexis - 2023

Persistent link: https://www.econbiz.de/10014428785

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