IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Convergence, Catch-up and Growth Sustainability in Asia: Some Pitfalls

Listed author(s):
  • Jesus Felipe

This paper takes a sample of 16 Asian countries and shows that: (i) Income levels in Asia have not tended to converge during the last 30 years, (ii) There has not been a catch-up process with the US: the initially more advanced Asian countries have reduced the income gap with the US faster. (iii) The catch-up variable does not explain labour productivity growth in Asia. The most important explanatory variables are the growth of demand and the level of human capital. (iv) The amount of time it will take most Asian countries to catch up with the US in terms of per capita income, under reasonable assumptions, is so long that the notion that Asia is almost, or soon will be, wholly on its own and join the ranks of (or more likely will compete with) the developed economies should be dispelled. Only a technological revolution, which would allow the developing countries to jump above and beyond today's developed nations, would reverse the situation. This, however, does not seem to be a realistic scenario. (v) The effect of the recent financial crisis in East and Southeast Asia will be to lose at least one decade in the development race.

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.

File URL:
Download Restriction: Access to full text is restricted to subscribers.

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.

Article provided by Taylor & Francis Journals in its journal Oxford Development Studies.

Volume (Year): 28 (2000)
Issue (Month): 1 ()
Pages: 51-69

in new window

Handle: RePEc:taf:oxdevs:v:28:y:2000:i:1:p:51-69
DOI: 10.1080/713688304
Contact details of provider: Web page:

Order Information: Web:

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:taf:oxdevs:v:28:y:2000:i:1:p:51-69. 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: (Chris Longhurst)

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.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.