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Growth in East Asia

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  • Michael Sarel
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    Abstract

    This paper examines the different arguments raised by the studies that addressed the East Asian growth experience. The original arguments presented in this paper are all on the negative side, highlighting problems associated with some of the possible explanations for the East Asian miracle. The paper concentrates mainly on four dimensions of the debate about the East Asian growth experience: (i) The nature of economic growth intensive or extensive?; (ii) The role of public policy and of selective interventions; (iii) The role of high investment rates and a strong export orientation as possible engines of growth; and (iv) The importance of the initial conditions and their relevance for policy.

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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Working Papers with number 95/98.

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    Length: 38
    Date of creation: 01 Sep 1995
    Date of revision:
    Handle: RePEc:imf:imfwpa:95/98

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    Cited by:
    1. Jeffrey A. Frankel & David Romer & Teresa Cyrus, 1995. "Trade and growth in East Asian countries: cause and effect?," Pacific Basin Working Paper Series 95-03, Federal Reserve Bank of San Francisco.
    2. Chia-Hung Sun, 2005. "Productivity growth in East Asian manufacturing: a fading miracle or measurement problem?," Journal of International Development, John Wiley & Sons, Ltd., vol. 17(1), pages 1-19.
    3. Diaz-Bautista, Alejandro, 2002. "The role of telecommunications infrastructure and human capital: Mexico┬┤s economic growth and convergence," ERSA conference papers ersa02p102, European Regional Science Association.
    4. Chia-Hung Sun, 2006. "Imperfect Competition, Economic Miracle, and Manufacturing Productivity Growth: Empirical Evidence from Taiwan," Atlantic Economic Journal, International Atlantic Economic Society, vol. 34(3), pages 341-359, September.
    5. Rao, B. Bhaskara, 2010. "Estimates of the steady state growth rates for selected Asian countries with an extended Solow model," Economic Modelling, Elsevier, vol. 27(1), pages 46-53, January.
    6. Rao, B. Bhaskara, 2007. "Estimates of the steady state growth rates for selected Asian countries with an endogenous growth framework," MPRA Paper 2389, University Library of Munich, Germany.

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