Growth theories in light of the East Asian experience
Author(s)
Bibliographic Information
Growth theories in light of the East Asian experience
（NBER-East Asia seminar on economics, v. 4）
University of Chicago Press, 1995
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Note
Edited versions of papers presented and discussed at the NBER-East Asia Seminar on Economics fourth annual conference, held June 17-19, 1993 in San Francisco
Includes bibliographical references and indexes
Description and Table of Contents
Description
The contributors to this volume analyze the growth experiences of Japan, Korea, China, Hong Kong, Singapore and Taiwan in light of the developed endogenous growth theory, in order to provide an understanding of the economic boom in East Asia. The theory explored in this volume attributes the phenomenal economic success of these countries to the role of an outward orientation - a focus on exporting rather than on protecting home markets. In addition, the importance of exchange-rate behaviour, of the supportive role of government policy, and of the accumulation and promotion of physical and human capital, are explored in detail.
Table of Contents
Acknowledgments Introduction Takatoshi Ito and Anne O. Krueger 1: East Asian Experience and Endogenous Growth Theory Anne O. Krueger 2: Long-Run Growth Theories and Empirics: Anything New? T. N. Srinivasan 3: The Open Door Policy and China's Rapid Growth: Evidence from City-Level Data Shang-Jin Wei 4: Old and New Development Models: The Taiwanese Experience Ji Chou 5: Debt Financing, Public Investment, and Economic Growth in Taiwan Chen-Min Hsu 6: The Role of Trade and Exchange Rate Policy in Korea's Growth Chong-Hyun Nam 7: The Role of the Government in Promoting Industrialization and Human Capital Accumulation in Korea Joon-Kyung Kim, Sang Dal Shim, and Jun-Il Kim 8: Japan's Development Cooperation and Economic Development in East Asia Hirohisa Kohama 9: A Time-Series Test of the Endogenous Growth Model with Human Capital Hak K. Pyo 10: Conditional Convergence in East Asian Countries: The Role of Exports in Economic Growth Shin-ichi Fukuda and Hideki Toya 11: Explaining Miracles: Growth Regressions Meet the Gang of Four William Easterly Contributors Author Index Subject Index
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