While the world-wide recession of 2008/2009 brought a sharp decline in GDP growth to mostcountries, especially to the OECD group, the Emerging Market Economies (EMEs) were lessaffected. When we compare their growth rates (Table 1 and Fig. 1 ) over the two periods: thefirst from 2000 to 2008 and the second from 2009 to 2014, we see that most of them suffereda decline in the second period as compared to the first period, but growth in the second periodwas usually still positive and above 2%. The OECD had lower second-period growth rates, whichleads to the question why did the EMEs do better than the more developed countries in the OECD?

Capturing the Effects of Changing Capital-intensity on Long-Term Growth in the major Emerging Market Economies.

LAURETI, LUCIO
2017

Abstract

While the world-wide recession of 2008/2009 brought a sharp decline in GDP growth to mostcountries, especially to the OECD group, the Emerging Market Economies (EMEs) were lessaffected. When we compare their growth rates (Table 1 and Fig. 1 ) over the two periods: thefirst from 2000 to 2008 and the second from 2009 to 2014, we see that most of them suffereda decline in the second period as compared to the first period, but growth in the second periodwas usually still positive and above 2%. The OECD had lower second-period growth rates, whichleads to the question why did the EMEs do better than the more developed countries in the OECD?
capilal intensity; long term growth; incremental capital-output ratio
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/20.500.12572/809
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