Also of interest to EC307 students – a new NBER paper looking at growth slowdowns in middle income countries.
Highlight:
But in contrast to our earlier analysis which pointed to the existence of a single mode at which slowdowns occur in the neighborhood of $15,000-$16,000 2005 purchasing power parity dollars, new data point to two modes, one in the $10,000-$11,000 range and another at $15,000-$16,0000.
NBER paper (gated)
or
VoxEU summary (ungated)
ht to Marginal Revolution