This paper analyzes international historical evidence and finds that economic growth slows down when per capita income reaches US{dollar}17,000.

During the last phase of state socialism, the economic reforms attempted by these counties didn’t stop the collapse of communism. Neither did the free market economic reforms in the democratic West starting around 1975 bring progress and prosperity expected. The frustrations of both these...

Using international data starting 1957, we construct a sample of cases where fast-growing economies slow down. The evidence suggests that rapidly growing economies slow down significantly, in the sense that the growth rate downshifts by at least 2 percentage points when their per capita incomes...

The paper analyzes the changes in the Russian institutional system in the framework of fundamental interdependence between institutional and economic development. It reviews a number of established international indicators of institutional development. These indicators are used to study the...

The paper analyzes the changes in the Russian institutional system in the framework of fundamental interdependence between institutional and economic development. It reviews a number of established international indicators of institutional development. These indicators are used to study the...

With deregulation and globalization, and the impact of these developments on economies worldwide, it has become necessary for the PRC authorities to consider an approach that would further attune its economic engine toward sustained growth. This paper argues that certain sectors of the economy