Does a Leapfrogging Growth Strategy Raise Growth Rate? Some International Evidence
AbstractWhile openness to trade is a well-recognized hallmark of the Asian growth model, another component of the model is a leapfrogging strategy—the use of policies to guide industrial structural transformation ahead of a country's factor endowment. Does the leapfrogging strategy work? Opinions vary but the evidence is scarce in part because it is more difficult to measure the degree of leapfrogging than the extent of trade openness. We undertake a systematic look at the evidence both across countries and subregions within a large regional Asian economy to assess the efficacy of such a strategy. We conclude that there is no strong and robust evidence that this strategy works reliably.
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Bibliographic InfoPaper provided by Asian Development Bank in its series Working Papers on Regional Economic Integration with number 47.
Length: 52 pages
Date of creation: 01 Apr 2010
Date of revision:
growth; trade openness; leapfrogging;
Other versions of this item:
- Zhi Wang & Shang-Jin Wei & Anna Wong, 2010. "Does a Leapfrogging Growth Strategy Raise Growth Rate? Some International Evidence," NBER Working Papers 16390, National Bureau of Economic Research, Inc.
- O20 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - General
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-05-02 (All new papers)
- NEP-DEV-2010-05-02 (Development)
- NEP-SEA-2010-05-02 (South East Asia)
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