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Author : Jesus Felipe
Publisher : Unknown
Page : 56 pages
File Size : 41,6 Mb
Release : 1997
Category : ADB
ISBN : UVA:X004232309
Author : Frank S.T. Hsiao,Mei-Chu Wang Hsiao
Publisher : Anthem Press
Page : 418 pages
File Size : 41,7 Mb
Release : 2017-09-27
Category : Business & Economics
ISBN : 9781783086894
Economic Development of Emerging East Asia presents economic studies of Taiwan and South Korea, compares them chiefly with Japan and the United States and finds that these East Asian countries are still in the process of emerging in the world economy. A timely quantitative and econometric analysis of the regional economies of emerging East Asia, the volume examines development indicators, effects of the 1997 Asian financial crisis, productivity growth, catching up and convergence of long run real GDP per capita growth, the time required for a country to catch up, colonialism and economic development in Taiwan and India. Arranged in increasing complexity of economic analyses, the chapters in this book provide a comprehensive understanding of emerging East Asian economies. In addition to serving as a handy reference for regional economists, policy analysts and researchers, Economic Development of Emerging East Asia can also be used as a textbook on economics and business.
Author : Shigeru Iwata,Mohsin S. Khan,Hiroshi Murao
Publisher : International Monetary Fund
Page : 34 pages
File Size : 50,6 Mb
Release : 2002
Category : Business & Economics
ISBN : UCSD:31822029883022
The conventional growth-accounting approach to estimating the sources of economic growth requires unrealistically strong assumptions about the competitiveness of factor markets and the form of the underlying aggregate production function. This paper outlines a new approach utilizing nonparametric derivative estimation techniques that does not require imposing these restrictive assumptions. The results for East Asian countries show that output elasticities of capital and labor are different from the income shares of these factors, and that the growth of total factor productivity over the period 1960-95 has been an important factor in the overall growth performance of these countries.
Author : Chia-Hung Sun
Publisher : Edward Elgar Publishing
Page : 246 pages
File Size : 40,9 Mb
Release : 2004-01-01
Category : Business & Economics
ISBN : 1781958181
Although it has been previously accepted that Hong Kong, Japan, Korea, Singapore, and Taiwan have achieved the 'economic miracle' of maintaining high economic growth for several decades prior to the Asian financial crisis, recent literature has now cast doubt upon this economic supposed success. Attempting to overcome methodological limitations and underlying assumptions of other studies, The Growth Process in East Asian Manufacturing Industries re-examines the role of total factor productivity (TFP) growth and aims to identify the sources of output growth in these East Asian economies. Chia-Hung Sun aims to explain how TFP growth differs from technological progress, and demonstrates why this study favours the use of the varying coefficients frontier model rather than the conventional scholastic frontier approach. He goes on to statistically test whether manufacturing industries in East Asia homogeneously applied the best practice production technology, and investigates the TFP growth slowdown in East Asian manufacturing sectors.
Author : Alwyn Young
Publisher : Unknown
Page : 56 pages
File Size : 50,9 Mb
Release : 1994
Category : East Asia
ISBN : UCSD:31822018949545
This paper documents the fundamental role played by factor accumulation in explaining the extraordinary postwar growth of Hong Kong, Singapore, South Korea and Taiwan. Participation rates, educational levels and (with the exception of Hong Kong) investment rates have risen rapidly in all four economies. In addition, there have been large intersectoral reallocations of labour, with (again, excepting Hong Kong) non-agricultural and manufacturing employment growing one and a half to two times as fast as the aggregate working population. Thus, while the growth of output per capita in these economies has averaged 6% to 7% per annum over the past two and a half decades, the growth of output per effective worker in the non- agricultural sector of these economies has been only 3% to 4% per annum. If one then allows for the doubling, tripling and even quadrupling of the investment to GDP ratio in these economies, one arrives at total factor productivity growth rates, both for the non- agricultural economy and for manufacturing in particular, which are well within the bounds of those experienced by the OECD and Latin American economies over equally long periods of time. While the growth of output and manufacturing exports in the newly industrializing economies of East Asia is virtually unprecedented, the growth of total factor productivity in these economies is not.
Author : Dale Weldeau Jorgenson,Masahiro Kuroda,Kazuyuki Motohashi
Publisher : Edward Elgar Publishing
Page : 257 pages
File Size : 40,5 Mb
Release : 2007-01-01
Category : Business & Economics
ISBN : 9781847208743
In recent years there have been huge improvements in the methods and data to measure and analyze the sources of economic growth around the world. This volume on the growth accounts for four core economies in East Asia is a vital contribution to our understanding of the dynamics of growth. Bart van Ark, University of Groningen, The Netherlands The outstanding economic performance of East Asian countries has been investigated in numerous studies. However, most comparative studies analyze macro-level productivity. In this book, the productivity performance of China, Korea, Japan, Taiwan and the United States are compared at industry level. The work is a result of an international collaborative research project by RIETI (Research Institute of Economy, Trade and Industry), Japan. The total factor productivity growth and level amongst these five countries sheds new light on the industrial competitiveness of growing Asian economies compared to Japan and the United States. In addition, this book provides detailed information on productivity datasets for these five countries. Productivity in Asia will strongly appeal to scholars of Asian studies, industrial organization and economics as well as those interested in productivity statistics.
Author : Hak-kil Pʻyo
Publisher : Unknown
Page : 144 pages
File Size : 52,5 Mb
Release : 2006
Category : East Asia
ISBN : UVA:X030285203
Author : Kucik Ali Akkemik
Publisher : World Scientific
Page : 346 pages
File Size : 45,9 Mb
Release : 2009
Category : Business & Economics
ISBN : 9789812832795
This book presents a broad descriptive and quantitative evaluation of industrial policies in four East Asian economies ? Japan, Korea, Taiwan, and Singapore ? with a special focus on Singapore. The book offers a comprehensive overview of the discussions on the concept of industrial policy within the East Asian context and quantitative assessments of these policies through productivity analyses and CGE modeling, especially where Singapore is concerned. It demonstrates evidence for the positive role of industrial policies and government activism in welfare improvements and industrial development.
Author : Yanrui Wu
Publisher : Edward Elgar Publishing
Page : 276 pages
File Size : 51,9 Mb
Release : 2002
Category : Business & Economics
ISBN : UCSD:31822031439615
"Employing both cross-country analyses and case studies of individual economies, this book contributes to the many debates surrounding economic growth in East Asia. The author's style will appeal to economic researchers, lecturers and students of economics, as well as business economists and market analysts."--BOOK JACKET.
Author : Shigeru Iwata
Publisher : Unknown
Page : 28 pages
File Size : 53,5 Mb
Release : 2006
Category : Electronic
ISBN : OCLC:1291217030
The conventional growth-accounting approach to estimating the sources of economic growth requires unrealistically strong assumptions about the competitiveness of factor markets and the form of the underlying aggregate production function. This paper outlines a new approach utilizing nonparametric derivative estimation techniques that does not require imposing these restrictive assumptions. The results for East Asian countries show that output elasticities of capital and labor are different from the income shares of these factors, and that the growth of total factor productivity over the period 1960-95 has been an important factor in the overall growth performance of these countries.
Author : Hafiz A. Akhand,Kanhaya Lal Gupta
Publisher : Psychology Press
Page : 196 pages
File Size : 44,9 Mb
Release : 2006
Category : Business & Economics
ISBN : 0415288681
This is an accessible and wide ranging assessment of the existing evidence and current arguments on East Asian economic development.
Author : N. F. R. Crafts
Publisher : International Monetary Fund
Page : 52 pages
File Size : 46,6 Mb
Release : 1998-09
Category : Business & Economics
ISBN : UCSD:31822026350934
This paper surveys the literature on the growth performance of the east Asian economies in recent decades, evaluates the sustainability of that performance, and provides a preliminary assessment of their long-term growth prospects in the aftermath of the current crisis. It highlights three special aspects of east Asian growth: unusually high factor accumulation, a favorable demographic transition, and the impact of rapid growth on financial and other institutions. The paper argues that there are downside risks to the east Asian “developmental state” model, despite its favorable attributes, and that an alternative model may become more attractive as these economies mature.
Author : Mr.Michael Sarel
Publisher : International Monetary Fund
Page : 38 pages
File Size : 50,7 Mb
Release : 1995-09-01
Category : Business & Economics
ISBN : 9781451852080
This paper examines the different arguments raised by the studies that addressed the East Asian growth experience. The original arguments presented in this paper are all on the negative side, highlighting problems associated with some of the possible explanations for the East Asian miracle. The paper concentrates mainly on four dimensions of the debate about the East Asian growth experience: (i) The nature of economic growth intensive or extensive?; (ii) The role of public policy and of selective interventions; (iii) The role of high investment rates and a strong export orientation as possible engines of growth; and (iv) The importance of the initial conditions and their relevance for policy.
Author : Tsu-Tan Fu,Cliff J. Huang,C. A. Knox Lovell
Publisher : Edward Elgar Publishing
Page : 376 pages
File Size : 44,9 Mb
Release : 1999
Category : Business & Economics
ISBN : UCSD:31822026176529
Asian and western economists apply a variety of empirical techniques to measure productivity growth, factor accumulation, and economic efficiency at both large and small scales in the region as a whole and in specific countries over the past three decades. Their techniques include traditional growth accounting, econometric frontier estimation, and data envelopment analysis. Among the issues they discuss are the influential role of trade in the region, macroeconomic management, income, capital, labor productivity, technology, and investment. Annotation copyrighted by Book News, Inc., Portland, OR
Author : Takatoshi Ito,Andrew K. Rose
Publisher : University of Chicago Press
Page : 360 pages
File Size : 50,9 Mb
Release : 2009-02-15
Category : Business & Economics
ISBN : 9780226387079
Considering the examples of Australia and the Pacific Rim, Growth and Productivity in East Asia offers a contemporary explanation for national productivity that measures contributions not only from capital and labor, but also from economic activities and relevant changes in policy, education, and technology. Takatoshi Ito and Andrew K. Rose have organized a group of collaborators from several Asian countries, the United States, and other parts of the globe who ably balance both macroeconomic and microeconomic study with theoretical and empirical approaches. Growth and Productivity in East Asia gives special attention to the causes for the unusual success of Australia, one of the few nations to maintain unprecedented economic growth despite the 1997 Asian financial crisis and the 2001 global downturn. A new database comprising eighty-four Japanese sectors reveals new findings for the last thirty years of sectoral productivity and growth in Japan. Studies focusing on Indonesia, Taiwan, and Korea also consider productivity and its relationship to research and development, foreign ownership, and policy reform in such industries as manufacturing, automobile production, and information technology.
