The Tyranny of Numbers or the Tyranny of Methodology: Explaining the East Asian Growth Experience
AbstractThis paper applies the theory and insights of Maurice Scott¡¯s New View of Economic Growth (1989) to challenge the analysis and conclusions of Alwyn Young¡¯s widely acclaimed paper, ¡±The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience¡± (1995), which purports to show that growth in the East Asian NICs was mainly due to factor accumulation, with little technical change or total factor productivity growth. It is argued that Young¡¯s empirical findings result from the inappropriate, albeit widely adopted, practice of subtracting depreciation from gross investment in measuring the contribution of investment to growth.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Society for AEF in its journal Annals of Economics and Finance.
Volume (Year): 8 (2007)
Issue (Month): 2 (November)
Tyranny of Numbers; Tyranny of Methodology; East Asian Growth;
Find related papers by JEL classification:
- D41 - Microeconomics - - Market Structure and Pricing - - - Perfect Competition
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Simon Kuznets & Elizabeth Jenks, 1961. "Introduction to "Capital in the American Economy: Its Formation and Financing"," NBER Chapters, in: Capital in the American Economy: Its Formation and Financing, pages 3-14 National Bureau of Economic Research, Inc.
- Scott, Maurice, 1992. "A New Theory of Endogenous Economic Growth," Oxford Review of Economic Policy, Oxford University Press, vol. 8(4), pages 29-42, Winter.
- Simon Kuznets & Elizabeth Jenks, 1961. "Appendices and Index to "Capital in the American Economy: Its Formation and Financing"," NBER Chapters, in: Capital in the American Economy: Its Formation and Financing, pages 465-664 National Bureau of Economic Research, Inc.
- Dan Usher, 1973. "The Measurement of Economic Growth," Working Papers 145, Queen's University, Department of Economics.
- Simon Kuznets & Elizabeth Jenks, 1961. "Summary of Findings," NBER Chapters, in: Capital in the American Economy: Its Formation and Financing, pages 389-428 National Bureau of Economic Research, Inc.
- Young, Alwyn, 1995. "The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience," The Quarterly Journal of Economics, MIT Press, vol. 110(3), pages 641-80, August.
- Wang, Chan, 2012. "A very preliminary survey on growth and development," MPRA Paper 39037, University Library of Munich, Germany.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Qiang Gao).
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 references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.