This book discusses recent developments in theoretical and empirical business cycle analysis, identifying possible applications of sophisticated tools by private and public institutions involved in the analysis of economic fluctuations and facilitating interaction between academics, researchers...

Diversity of development paths and structural transformation in historical perspective : an introduction / Martin Andersson and Tobias Axelsson -- Structural change and catching up : the relative small country advantage / Lennart Schön -- The latecomer advantages and disadvantages : a new...

Tables and figures -- Preface -- Abbreviations -- Contributors. Introduction / Naoyuki Yoshino, Peter J. Morgan, and Bihong Huang -- Transitioning from low-income growth to high-income growth: is there a middle-income trap? / David Bulman, Maya Eden, and Ha Nguyen -- The middle-income trap:...

There have been many noticeable incidents of "lost decades" in economic growth, occurring in countries across the world. It has been found that in many economies, the lost decade phenomenon persists, even after the conventional set of contributing factors such as per capita income, fertility...

'Not only is this excellent collection of papers a fitting tribute to Angus Maddison, it is also a great resource for thinking about future patterns of global economic growth both in the BRICS and the OECD based on key insights from historical experience.' (Nicholas Crafts, University of...