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The Development of East Asian Countries towards a Knowledge-based Economy: A DEA Analysis

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  • Hui Tan
  • Chee Hooy

Abstract

This paper measures the knowledge-based development of nine countries in the two categories of developed and emerging economies. The developed economies selected include the three bench-marking developed countries from three different regions; they are the United States from the North American region, Finland from Europe and Japan, Korea and Singapore from the Asia region. The emerging economies, on the other hand, include China, Malaysia, the Philippines and Thailand. The performances of these countries are evaluated by two means: the radar charts and Data Envelopment Analysis (DEA). The first analysis shows that developed countries have accumulated more knowledge stock. They have also shaped a better resource environment relative to emerging countries. On the other hand, the DEA scores indicate that four of the small countries, Finland, Malaysia, Singapore and South Korea, are relatively more efficient in generating further K-outputs when compared with the large economic giants such the US and Japan, and also other less-developed peers in term of GNI per capita.

Suggested Citation

  • Hui Tan & Chee Hooy, 2007. "The Development of East Asian Countries towards a Knowledge-based Economy: A DEA Analysis," Journal of the Asia Pacific Economy, Taylor & Francis Journals, vol. 12(1), pages 17-33.
  • Handle: RePEc:taf:rjapxx:v:12:y:2007:i:1:p:17-33
    DOI: 10.1080/13547860601083538
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    Cited by:

    1. Tuba Yak?c? Ayan & Hakan Pabuçcu, 2018. "The assessment of knowledge economy efficiency: comparing Turkey with the European Union countries," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 36(2), pages 443-464.
    2. ., 2010. "The Korean Economy: Transition to a Knowledge-based Economy," Chapters, in: The Korean Economy in Transition, chapter 4, Edward Elgar Publishing.

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