The Anatomy Of The Asian Take Off

Madsen, Jakob and Islam, Md Rabiul (2012) The Anatomy Of The Asian Take Off. Institutions and Economies, 4 (2). pp. 1-24.

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Abstract

This paper discusses the literature on sources and causes of growth among the Asian high growth performers since World War II (WWII). It is argued that the factor accumulation hypothesis cannot be used to explain the Asian growth miracle but that growth has been driven predominantly by R&D, the demographic transition and knowledge transfer from the developed countries. Furthermore, it is argued that due to scale effects in the ideas production function, the Asian high-growth economies are likely to grow at high rates in the future.

Item Type: Article
Uncontrolled Keywords: Asian growth miracles, capital accumulation, growth accounting, Schumpeterian growth, technological progress
Subjects: H Social Sciences > HC Economic History and Conditions
T Technology > T Technology (General)
Depositing User: MS NURUL SYAFIQAH RAMALIM
Date Deposited: 31 Jul 2013 03:13
Last Modified: 31 Jul 2013 03:13
URI: http://repository.um.edu.my/id/eprint/1131

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