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Can second-generation endogenous growth models explain the productivity trends and knowledge production in the Asian miracle economies?
REVIEW OF ECONOMICS AND STATISTIC (2010)
  • James B Ang, Nanyang Technological University
Abstract
Using data for six Asian miracle economies over the period from 1953 to 2006, this paper examines the extent to which growth has been driven by R&D and tests which second-generation endogenous growth model is most consistent with the data. The results give strong support to Schumpeterian growth theory but only limited support to semi-endogenous growth theory. Furthermore, it is shown that R&D has played a key role for growth in the Asian miracle economies.
Disciplines
Publication Date
2010
Citation Information
James B Ang. "Can second-generation endogenous growth models explain the productivity trends and knowledge production in the Asian miracle economies?" REVIEW OF ECONOMICS AND STATISTIC (2010)
Available at: http://works.bepress.com/james_ang/21/