Catch-up Cycle: A General Equilibrium Framework
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Peilin Liu & Shen Jia & Xun Zhang, 2017. "Catch-up cycle: A general equilibrium framework," Review of Development Economics, Wiley Blackwell, vol. 21(4), pages 1327-1340, November.
References listed on IDEAS
- Ricardo J. Caballero & Takeo Hoshi & Anil K. Kashyap, 2008.
"Zombie Lending and Depressed Restructuring in Japan,"
American Economic Review, American Economic Association, vol. 98(5), pages 1943-1977, December.
- Ricardo J. Caballero & Takeo Hoshi & Anil K. Kashyap, 2006. "Zombie Lending and Depressed Restructuring in Japan," NBER Working Papers 12129, National Bureau of Economic Research, Inc.
- Caballero, Ricardo J. & Hoshi, Takeo & Kashyap, Anil K., 2006. "Zombie Lending and Depressed Restructuring in Japan," Working Papers 206, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
- Xiaodong Zhu, 2012. "Understanding China's Growth: Past, Present, and Future," Journal of Economic Perspectives, American Economic Association, vol. 26(4), pages 103-124, Fall.
- Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
- Fagerberg, Jan, 1994. "Technology and International Differences in Growth Rates," Journal of Economic Literature, American Economic Association, vol. 32(3), pages 1147-1175, September.
- Joe Peek & Eric S. Rosengren, 2005.
"Unnatural Selection: Perverse Incentives and the Misallocation of Credit in Japan,"
American Economic Review, American Economic Association, vol. 95(4), pages 1144-1166, September.
- Joe Peek & Eric S. Rosengren, 2003. "Unnatural Selection: Perverse Incentives and the Misallocation of Credit in Japan," NBER Working Papers 9643, National Bureau of Economic Research, Inc.
- Fumio Hayashi & Edward C. Prescott, 2004.
"The 1990s in Japan: a lost decade,"
Chapters, in: Paolo Onofri (ed.), The Economics of an Ageing Population, chapter 2,
Edward Elgar Publishing.
- Fumio Hayashi & Edward C. Prescott, 2002. "The 1990s in Japan: A Lost Decade," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 5(1), pages 206-235, January.
- Fumio Hayashi & Edward C. Prescott, 2000. "The 1990s in Japan: a lost decade," Working Papers 607, Federal Reserve Bank of Minneapolis.
- Fumio Hayashi & Edward C. Prescott, 2002. "Data Appendix to The 1990s in Japan: A Lost Decade," Online Appendices hayashi02, Review of Economic Dynamics.
- Robert J. Barro, 1991.
"Economic Growth in a Cross Section of Countries,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 407-443.
- Robert J. Barro, 1989. "Economic Growth in a Cross Section of Countries," NBER Working Papers 3120, National Bureau of Economic Research, Inc.
- Barro, R.J., 1989. "Economic Growth In A Cross Section Of Countries," RCER Working Papers 201, University of Rochester - Center for Economic Research (RCER).
- Chong-En Bai & Chang-Tai Hsieh & Yingyi Qian, 2006.
"The Return to Capital in China,"
Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 37(2), pages 61-102.
- Chong-En Bai & Chang-Tai Hsieh & Yingyi Qian, 2006. "The Return to Capital in China," NBER Working Papers 12755, National Bureau of Economic Research, Inc.
- Robert J. Barro, 2012. "Convergence and Modernization Revisited," NBER Working Papers 18295, National Bureau of Economic Research, Inc.
- Virgiliu Midrigan & Daniel Yi Xu, 2014.
"Finance and Misallocation: Evidence from Plant-Level Data,"
American Economic Review, American Economic Association, vol. 104(2), pages 422-458, February.
- Virgiliu Midrigan & Daniel Yi Xu, 2010. "Finance and Misallocation: Evidence from Plant-level Data," NBER Working Papers 15647, National Bureau of Economic Research, Inc.
- Alesina, Alberto & Spolaore, Enrico & Wacziarg, Romain, 2005.
"Trade, Growth and the Size of Countries,"
Handbook of Economic Growth, in: Philippe Aghion & Steven Durlauf (ed.), Handbook of Economic Growth, edition 1, volume 1, chapter 23, pages 1499-1542,
Elsevier.
- Alberto Alesina & Enrico Spolaore & Romain Wacziarg, 2003. "Trade, Growth, and the Size of Countries," Harvard Institute of Economic Research Working Papers 1995, Harvard - Institute of Economic Research.
- Zheng Song & Kjetil Storesletten & Fabrizio Zilibotti, 2011.
"Growing Like China,"
American Economic Review, American Economic Association, vol. 101(1), pages 196-233, February.
- Zilibotti, Fabrizio & Storesletten, Kjetil & Song, Zheng Michael, 2009. "Growing like China," CEPR Discussion Papers 7149, C.E.P.R. Discussion Papers.
- Kjetil Storesletten & Fabrizio Zilibotti & Zheng Song, 2009. "Growing like China," 2009 Meeting Papers 912, Society for Economic Dynamics.
- Robert E. Lucas, 2009.
"Trade and the Diffusion of the Industrial Revolution,"
American Economic Journal: Macroeconomics, American Economic Association, vol. 1(1), pages 1-25, January.
- Robert E. Lucas, Jr., 2007. "Trade and the Diffusion of the Industrial Revolution," NBER Working Papers 13286, National Bureau of Economic Research, Inc.
- Timothy J. Kehoe & Edward C. Prescott, 2002.
"Great Depressions of the Twentieth Century,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 5(1), pages 1-18, January.
- Timothy Kehoe & Edward Prescott, 2002. "Data Appendix to Great Depressions of the Twentieth Century," Online Appendices kehoe02, Review of Economic Dynamics.
- Timothy J. Kehoe & Edward C. Prescott, 2007.
"Great depressions of the twentieth century,"
Monograph,
Federal Reserve Bank of Minneapolis, number 2007gdott.
- Timothy J. Kehoe & Edward C. Prescott, 2002. "Great Depressions of the Twentieth Century," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 5(1), pages 1-18, January.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Zahedi Rad, Vahid & Seifi, Abbas & Fadai, Dawud, 2023. "Policy design for transition from imitation to innovation in emerging photovoltaic sectors using a system dynamics model," Energy Policy, Elsevier, vol. 183(C).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Keiichiro Kobayashi & Daichi Shirai, 2012.
"Debt-Ridden Borrowers and Productivity Slowdown,"
CIGS Working Paper Series
14-005E, The Canon Institute for Global Studies.
- Keiichiro Kobayashi & Daichi Shirai, 2016. "Debt-Ridden Borrowers and Productivity Slowdown," CIGS Working Paper Series 16-001E, The Canon Institute for Global Studies.
- Keiichiro Kobayashi & Daichi Shirai, 2017.
"Debt-Ridden Borrowers and Economic Slowdown,"
CIGS Working Paper Series
17-002E, The Canon Institute for Global Studies.
- Keiichiro Kobayashi & Daichi Shirai, 2018. "Debt-Ridden Borrowers and Economic Slowdown," CIGS Working Paper Series 18-003E, The Canon Institute for Global Studies.
- Keiichiro KOBAYASHI & Daichi SHIRAI, 2022. "Debt-Ridden Borrowers and Economic Slowdown," CIGS Working Paper Series 22-008E, The Canon Institute for Global Studies.
- Chen, Binkai & Lin, Justin Yifu, 2021. "Development strategy, resource misallocation and economic performance," Structural Change and Economic Dynamics, Elsevier, vol. 59(C), pages 612-634.
- Hansen, G.D. & Ohanian, L.E., 2016.
"Neoclassical Models in Macroeconomics,"
Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 2043-2130,
Elsevier.
- Gary D. Hansen & Lee E. Ohanian, 2016. "Neoclassical Models in Macroeconomics," NBER Working Papers 22122, National Bureau of Economic Research, Inc.
- Keiichiro Kobayashi & Masaru Inaba, 2006. "Borrowing constraints and protracted recessions," Discussion papers 06011, Research Institute of Economy, Trade and Industry (RIETI).
- Jones, C.I., 2016.
"The Facts of Economic Growth,"
Handbook of Macroeconomics, in: J. B. Taylor & Harald Uhlig (ed.), Handbook of Macroeconomics, edition 1, volume 2, chapter 0, pages 3-69,
Elsevier.
- Charles I. Jones, 2015. "The Facts of Economic Growth," NBER Working Papers 21142, National Bureau of Economic Research, Inc.
- AKIYOSHI Fumio & KOBAYASHI Keiichiro, 2007. "Bank Distress and Productivity of Borrowing Firms: Evidence from Japan," Discussion papers 07014, Research Institute of Economy, Trade and Industry (RIETI).
- -, 2009. "Economic growth in the Caribbean," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 38668, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
- Breuer, Janice Boucher & McDermott, John, 2013. "Economic depression in the world," Journal of Macroeconomics, Elsevier, vol. 38(PB), pages 227-242.
- Gilles Dufrénot & Valérie Mignon & Théo Naccache, 2012. "Testing Catching-Up Between The Developing Countries: “Growth Resistance” And Sometimes “Growth Tragedy”," Bulletin of Economic Research, Wiley Blackwell, vol. 64(4), pages 470-508, October.
- Joel M. David & Venky Venkateswaran, 2019.
"The Sources of Capital Misallocation,"
American Economic Review, American Economic Association, vol. 109(7), pages 2531-2567, July.
- Joel M. David & Venky Venkateswaran, 2017. "The Sources of Capital Misallocation," Working Papers 17-06, New York University, Leonard N. Stern School of Business, Department of Economics.
- Joel M. David & Venky Venkateswaran, 2017. "The Sources of Capital Misallocation," NBER Working Papers 23129, National Bureau of Economic Research, Inc.
- Juan Carlos Conesa & Timothy J. Kehoe & Kim J. Ruhl, 2007.
"Modeling great depressions: the depression in Finland in the 1990s,"
Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 31(Nov), pages 16-44.
- Juan Carlos Conesa & Timothy J. Kehoe & Kim J. Ruhl, 2007. "Modeling Great Depressions: The Depression in Finland in the 1990s," NBER Working Papers 13591, National Bureau of Economic Research, Inc.
- Juan Carlos Conesa & Timothy J. Kehoe & Kim J. Ruhl, 2007. "Modeling great depressions: the depression in Finland in the 1990s," Staff Report 401, Federal Reserve Bank of Minneapolis.
- Timothy J. Kehoe, 2003.
"What Can We Learn from the Current Crisis in Argentina?,"
Scottish Journal of Political Economy, Scottish Economic Society, vol. 50(5), pages 609-633, November.
- Timothy J. Kehoe, 2003. "What can we learn from the current crisis in Argentina?," Staff Report 318, Federal Reserve Bank of Minneapolis.
- Andrés Fernández & Ayşe İmrohoroğlu & Cesar E. Tamayo, 2019.
"Saving Rates in Latin America: A Neoclassical Perspective,"
IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 67(4), pages 791-823, December.
- Fernandez, Andres & Imrohoroglu, Ayse & Rud, Juan Pablo, 2017. "Saving Rates in Latin America: A Neoclassical Perspective," IDB Publications (Working Papers) 8706, Inter-American Development Bank.
- Andrés Fernández & Ayse Imrohoroglu & Cesar Tamayo, 2019. "Saving Rates in Latin America: A Neoclassical Perspective," Working Papers Central Bank of Chile 856, Central Bank of Chile.
- Cesar E Tamayo & Andrés Fernández & Ay¸se ?Imrohoro?glu, 2019. "Saving Rates in Latin America: A Neoclassical Perspective," Documentos de Trabajo de Valor Público 17405, Universidad EAFIT.
- Tamayo, Cesar E. & Fernandez, Andres & Imrohoroglu, Ayse, 2019. "Saving Rates in Latin America: A Neoclassical Perspective," Working papers 19, Red Investigadores de Economía.
- Andres Fernandez & Ayse Imrohoroglu & Cesar Tamayo, 2018. "Saving Rates in Latin America: A Neoclassical Perspective," 2018 Meeting Papers 1229, Society for Economic Dynamics.
- Alvaro Aguirre, 2017.
"Contracting Institutions and Economic Growth,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 24, pages 192-217, March.
- Álvaro Aguirre, 2011. "Contracting Institutions and Economic Growth," Working Papers Central Bank of Chile 643, Central Bank of Chile.
- -, 2009. "Economic survey of the Caribbean 2008-2009," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 38689, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
- Kaiji Chen & Alfonso Irarrazabal, 2015.
"The Role of Allocative Efficiency in a Decade of Recovery,"
Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 18(3), pages 523-550, July.
- Kaiji Chen & Alfonso Irarrazabal, 2014. "Online Appendix to "The Role of Allocative Efficiency in a Decade of Recovery"," Online Appendices 13-61, Review of Economic Dynamics.
- Tang, Rongsheng & Tang, Yang, 2022.
"Market formation in China from 1978,"
Regional Science and Urban Economics, Elsevier, vol. 95(C).
- Tang, Rongsheng, 2021. "Market Formation in China from 1978," MPRA Paper 105510, University Library of Munich, Germany.
- Jose Asturias & Sewon Hur & Timothy J. Kehoe & Kim J. Ruhl, 2023.
"Firm Entry and Exit and Aggregate Growth,"
American Economic Journal: Macroeconomics, American Economic Association, vol. 15(1), pages 48-105, January.
- Jose Asturias & Sewon Hur & Timothy J. Kehoe & Kim J. Ruhl, 2015. "Firm Entry and Exit and Aggregate Growth," Working Papers 15-07, New York University, Leonard N. Stern School of Business, Department of Economics.
- Jose Asturias & Sewon Hur & Timothy J. Kehoe & Kim J. Ruhl, 2019. "Firm Entry and Exit and Aggregate Growth," Working Papers 19-03R, Federal Reserve Bank of Cleveland, revised 16 Jun 2020.
- Jose Asturias & Sewon Hur & Timothy J. Kehoe & Kim J. Ruhl, 2017. "Firm Entry and Exit and Aggregate Growth," NBER Working Papers 23202, National Bureau of Economic Research, Inc.
- Jose Asturias & Sewon Hur & Timothy J. Kehoe & Kim J. Ruhl, 2017. "Firm Entry and Exit and Aggregate Growth," Staff Report 544, Federal Reserve Bank of Minneapolis.
- Jose Asturias & Kim Ruhl & Sewon Hur & Timothy Kehoe, 2018. "Firm Entry and Exit and Aggregate Growth," 2018 Meeting Papers 1139, Society for Economic Dynamics.
- Jose Asturias & Sewon Hur & Timothy J. Kehoe & Kim J. Ruhl, 2021. "Firm Entry and Exit and Aggregate Growth," Globalization Institute Working Papers 411, Federal Reserve Bank of Dallas.
- Timothy Kehoe & Sewon Hur & Kim Ruhl & Jose Asturias, 2016. "Firm Entry and Exit and Aggregate Growth," 2016 Meeting Papers 573, Society for Economic Dynamics.
- Betts, Caroline, 2021. "Accounting for Japan's Lost Score," MPRA Paper 109285, University Library of Munich, Germany.
More about this item
Keywords
Catch-up cycle; Latecomers; General Equilibrium; Total Factor Productivity (TFP); China;All these keywords.
JEL classification:
- E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
- E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
- O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
NEP fields
This paper has been announced in the following NEP Reports:- NEP-DGE-2017-11-19 (Dynamic General Equilibrium)
- NEP-MAC-2017-11-19 (Macroeconomics)
- NEP-TRA-2017-11-19 (Transition Economics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:adbiwp:0660. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ADB Institute (email available below). General contact details of provider: https://edirc.repec.org/data/adbinjp.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.