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TFPG Controversies, Institutions and Economic Performance in East Asia

In: The Institutional Foundations of East Asian Economic Development

Author

Listed:
  • Dani Rodrik

    (Harvard University)

  • Tain-Jy Chen

    (National Taiwan University)

Abstract

Most economists would agree that there are major lessons to be drawn for other countries from East Asia’s growth experience. But what these lessons are remains subject to considerable debate. The role of macroeconomic stability and human resources is uncontroversial. The contributions — positive or negative — made by industrial policy, and by government interventions more broadly, are hotly contested. Even there, however, there is some convergence of views on the proposition that, whatever the economic merits of industrial policy, the institutional context in which interventions were carried out in East Asia resulted in fewer by-product distortions than might otherwise have been the case.

Suggested Citation

  • Dani Rodrik & Tain-Jy Chen, 1998. "TFPG Controversies, Institutions and Economic Performance in East Asia," International Economic Association Series, in: Yujiro Hayami & Masahiko Aoki (ed.), The Institutional Foundations of East Asian Economic Development, chapter 4, pages 79-105, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-26928-0_4
    DOI: 10.1007/978-1-349-26928-0_4
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    1. William Easterly & Ross Levine, 1997. "Africa's Growth Tragedy: Policies and Ethnic Divisions," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(4), pages 1203-1250.
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    3. John Page, 1994. "The East Asian Miracle: Four Lessons for Development Policy," NBER Chapters, in: NBER Macroeconomics Annual 1994, Volume 9, pages 219-282, National Bureau of Economic Research, Inc.
    4. Ajit Singh, 1998. "Savings, investment and the corporation in the East Asian miracle," Journal of Development Studies, Taylor & Francis Journals, vol. 34(6), pages 112-137.
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    More about this item

    Keywords

    Technical Change; Capital Accumulation; Industrial Policy; East Asian Country; Institutional Quality;
    All these keywords.

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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