St Adam and the Dragons: Neo-classical economics and the East Asian miracle
This paper addresses recent explanations for the East Asian miracle. The argument that growth is entirely due to the accumulation of inputs is assessed and found wanting. There is still a place for the view that attributes success to activist policy. This is especially so, since the other explanations of East Asian success are rarely wholly convincing. The paper demonstrates that popular cross-country models of growth usually fail to explain the East Asian experience, but presents evidence supporting emphasis on favourable initial conditions, including early specialization in manufacturing.
If 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.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 25 (1997)
Issue (Month): 3 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/CODS20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/CODS20|
When requesting a correction, please mention this item's handle: RePEc:taf:oxdevs:v:25:y:1997:i:3:p:279-300. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If references are entirely missing, you can add them using this form.