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The Patterns of Economic growth

In: Hyper-growth in Asian Economies

Author

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  • Edward K. Y. Chen

    (University of Hong Kong)

Abstract

In the last chapter, the dimensions and directions of the growth of output and inputs were discussed for the economy as a whole. In this chapter, we shall look at the ‘development’ aspects of the growth process, i.e. the structural changes which involve the inter-sectoral shift of resources. In the first section quantitative data concerning changes in the shares of the various major sectors in total employment and output are presented and discussed. The treatment follows the familiar FisherClark-Kuznets approach.1 Next, we shall examine the precise relationship between the changes in sectoral shares of national product and the process of growth by econometric methods along the lines of Chenery and associates.2

Suggested Citation

  • Edward K. Y. Chen, 1979. "The Patterns of Economic growth," Palgrave Macmillan Books, in: Hyper-growth in Asian Economies, chapter 3, pages 28-41, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-04251-7_3
    DOI: 10.1007/978-1-349-04251-7_3
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    Citations

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    Cited by:

    1. James Fenske, 2013. "Does Land Abundance Explain African Institutions?," Economic Journal, Royal Economic Society, vol. 123(12), pages 1363-1390, December.
    2. Estanislao, Jesus P. & Adamag, F.E. & Lim, M.T., 1981. "Sources of Philippine Industrial Growth, 1956-1978," Working Papers WP 1981-07, Philippine Institute for Development Studies.
    3. Arvanitis, Spyros & Hollenstein, Heinz & Stucki, Tobias, 2016. "Does the explanatory power of the OLI approach differ among sectors and business functions? Evidence from firm-level data," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 10, pages 1-46.
    4. Fenske, James, 2014. "Imachi Nkwu: Trade and the Commons," The Journal of Economic History, Cambridge University Press, vol. 74(1), pages 39-68, March.
    5. Jeffrey G. Williamson, 2011. "Industrial Catching Up in the Poor Periphery 1870-1975," NBER Working Papers 16809, National Bureau of Economic Research, Inc.
    6. Sicong Li, 2020. "Determinants of Chinese Direct Investment in Central-East Europe under the Belt and Road Initiative Framework: A Panel Data Analysis," International Journal of Innovation and Economic Development, Inovatus Services Ltd., vol. 6(4), pages 62-81, October.
    7. Bryan A. Stuart, 2022. "The Long-Run Effects of Recessions on Education and Income," American Economic Journal: Applied Economics, American Economic Association, vol. 14(1), pages 42-74, January.
    8. D.M.W.N. Hitchens & P.N. O'Farrell & C.D. Conway, 1996. "The Comparative Performance of Business Services in Northern Ireland and the Republic of Ireland," Urban Studies, Urban Studies Journal Limited, vol. 33(7), pages 1093-1110, August.
    9. Maki, Wilbur R., 1981. "Statewide Economic And Fiscal Effects Of The Direct Reduction Of Iron Ore To Steel In Northeast Minnesota," Staff Papers 13480, University of Minnesota, Department of Applied Economics.
    10. Matthew T. Jones and Maurice Obstfeld., 1997. "Saving, Investment, and Gold: A Reassessment of Historical Current Account Data," Center for International and Development Economics Research (CIDER) Working Papers C97-094, University of California at Berkeley.
    11. Schertz, Lyle P., 1981. "Inflation And Agriculture An Annotated Bibliography," Staff Reports 276708, United States Department of Agriculture, Economic Research Service.
    12. D M W N Hitchens & P N O'Farrell & C D Conway, 1996. "The Competitiveness of Business Services in the Republic of Ireland, Northern Ireland, Wales, and the South East of England," Environment and Planning A, , vol. 28(7), pages 1299-1313, July.
    13. R. Mark Wilson & Carole A. Green, 1990. "Occupation, Occupational Change and Movement within the Income Distribution," Eastern Economic Journal, Eastern Economic Association, vol. 16(3), pages 209-220, Jul-Sep.
    14. Solomou, Solomos & Shimazaki, Masao, 2007. "Japanese episodic long swings in economic growth," Explorations in Economic History, Elsevier, vol. 44(2), pages 224-241, April.
    15. James Ang & Jakob Madsen, 2015. "Imitation versus innovation in an aging society: international evidence since 1870," Journal of Population Economics, Springer;European Society for Population Economics, vol. 28(2), pages 299-327, April.
    16. C. Franco, 2009. "Exports and FDI motivations: empirical evidence from US foreign subsidiaries," Working Papers 687, Dipartimento Scienze Economiche, Universita' di Bologna.
    17. Ben-Zion Zilberfarb, 1989. "Exchange rates and the geographic distribution of exports: Some evidence from a developing open economy," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 125(1), pages 149-157, March.

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