Monday, October 22, 2012

slow down ahead for han express?

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"Using international data starting in 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 reach around $17,000 US in year-2005 constant international prices"

", a level that China should achieve by or soon after 2015."


" Among our more provocative findings is that growth slowdowns are more likely in countries that maintain undervalued real exchange rates"

all  quotes from barry eichy et al