When Fast Growing Economies Slow Down: International Evidence and Implications for China
---- Acknowledgments ----
This paper, prepared for the spring meeting of the Asian Economic Panel (24-5 March), draws on joint work with Dwight Perkins, whose input we acknowledge with thanks. We thank Hiro Ito for help with data and the ADB for financial support. We also thank Myoung-Jae Lee for helpful discussion and Gayoung Ko and Ji-Soo Kim for their excellent research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.