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Government Expenditure and Social Status in a Two-sector Model of Endogenous Growth

In: Human Capital, Trade and Public Policy in Rapidly Growing Economies

Author

Listed:
  • Jhy-yuan Shieh
  • Wen-ya Chang
  • Ching-chong Lai

Abstract

Human Capital, Trade and Public Policy in Rapidly Growing Economies argues that only two centuries ago, no society had ever enjoyed sustained growth in living standards. The contributors to this book aim to discover why the world today exhibits a predilection for perpetual self-improvement. In particular, the book focuses on the forces underlying long-lasting growth in East Asia’s Newly Industrialized Countries (NICs). Drawing from the experiences of Hong Kong, South Korea, Singapore and Taiwan, it questions whether public policy can contribute to removing barriers towards accumulation of wealth, and if so, what development policy should be put in place to remedy the existing distortions or market failure problems.

Suggested Citation

  • Jhy-yuan Shieh & Wen-ya Chang & Ching-chong Lai, 2004. "Government Expenditure and Social Status in a Two-sector Model of Endogenous Growth," Chapters, in: Michele Boldrin & Been-Lon Chen & Ping Wang (ed.), Human Capital, Trade and Public Policy in Rapidly Growing Economies, chapter 12, pages 256-268, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:3470_12
    as

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