During 1980-1986, South Korea went from being the world's fourth largest debtor country, in the midst of an economic crisis, to a model of successful adjustment, with high growth rates and a current account surplus. This paper summarizes the findings of an in depth analysis of Korea's...

This paper empirically examines US goods trade with China, focusing on the performance of exports. Throughout the analysis, we explore whether US trade is unusual by contrasting it with trade from Japan and the EU-15. The issue is examined from three perspectives: the commodity composition of...

We argue that both growth accounting and growth regression analysis can yield useful insights into the growth process, particularly when used to study a large sample of countries over a long period. Much of the apparent variability in conclusions of previous studies arises from measurement...