China’s Growth : Can Goldilocks Outgrow Bears?

The paper analyzes the recent growth dynamics in China, evaluating both cyclical positionsand long-term growth prospects. The analysis shows that financial cycles play a moreimportant role than traditional inflation-based cycles in shaping the dynamics of growth.Currently, the 'finance-neutral' gap—our measure of the financial cycle—is large andpositive, reflecting imbalances accumulated in the economy since the Global FinancialCrisis. A period of slower growth is therefore both likely and needed in the near term torestore the economy to equilibrium. In the medium term, growth will slow as China movescloser to the technology frontier, but a steadfast implementation of reforms can ensure thatChina follows the path of the "Asia Tigers" and achieves successful convergence tohigh-income status.
Publication date: May 2015
ISBN: 9781513504643
$18.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
English
Prices in red indicate formats that are not yet available but are forthcoming.
Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Economics- Macroeconomics , Economics / General , International - Economics , potential growth , output gap , production , investment , inflation , credit , potential output , Macroeconomic Analyses of Economic Development

Summary