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161223 ||| eng |
| 020 |
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|a 9781513504643
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| 100 |
1 |
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|a Maliszewski, Wojciech
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| 245 |
0 |
0 |
|a China’s Growth
|b Can Goldilocks Outgrow Bears?
|c Wojciech Maliszewski, Longmei Zhang
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2015
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| 300 |
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|a 31 pages
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| 651 |
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4 |
|a China, People's Republic of
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| 653 |
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|a Cross-Country Output Convergence
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| 653 |
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|a Potential output
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| 653 |
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|a Productivity
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| 653 |
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|a Output gap
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| 653 |
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|a Aggregate Productivity
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| 653 |
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|a Cost
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| 653 |
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|a Capital and Total Factor Productivity
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| 653 |
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|a Production
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| 653 |
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|a Industrial productivity
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| 653 |
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|a Total factor productivity
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| 653 |
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|a Macroeconomics: Production
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| 653 |
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|a Industrial capacity
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| 653 |
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|a Capacity utilization
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| 653 |
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|a Macroeconomic Analyses of Economic Development
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Measurement of Economic Growth
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| 653 |
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|a Capacity
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| 653 |
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|a Economic theory
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| 653 |
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|a Production and Operations Management
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| 700 |
1 |
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|a Zhang, Longmei
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| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Working Papers
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| 028 |
5 |
0 |
|a 10.5089/9781513504643.001
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| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/2015/113/001.2015.issue-113-en.xml?cid=42958-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a The paper analyzes the recent growth dynamics in China, evaluating both cyclical positions and long-term growth prospects. The analysis shows that financial cycles play a more important 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 and positive, reflecting imbalances accumulated in the economy since the Global Financial Crisis. A period of slower growth is therefore both likely and needed in the near term to restore the economy to equilibrium. In the medium term, growth will slow as China moves closer to the technology frontier, but a steadfast implementation of reforms can ensure that China follows the path of the “Asia Tigers” and achieves successful convergence to high-income status
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