The Asian miracle and modern growth theory Nelson, Richard R.; Pack, Howard

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Authors
Nelson, Richard R. ; Pack, Howard
Appears In
Economic Journal
Subjects
Technological innovations - Economic aspects - East Asia.; East Asia - Foreign economic relations.; Economic development -- Research
Audience
Academic; Trade
Summary
A major change in the economic structures of Asian countries allowed these countries to experience rapid economic growth between 1960 and 1996. These changes included shifts in the size of companies and the sectors of specialization. Accumulation of capital and its productive assimilation were critical factors that spurred the so-called Asian miracle. Estimates of the impact of total factor productivity to total growth that bypass these phenomena may result in inaccurate estimates.
Bookmark
http://trove.nla.gov.au/work/153904
Work ID
153904

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