Toothless Tigers? East Asian economic growth from 1960 to 1990

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Abstract

The author studies East Asian economic performance relative to the experience of a sample of rich, industrialized countries. On combining the coefficients from an augmented Solow model of growth for a sample of industrialized countries with the actual levels of factor accumulation in East Asia, no evidence is found that the region as a whole is over-achieving. Only Hong Kong and Taiwan can be characterized as over-achievers. Further, Indonesia and Thailand (when income growth is measured in per-worker terms) are actually significant under-achievers, growing slower than forecasted growth in every period.

Original languageEnglish
Pages (from-to)392-405
Number of pages14
JournalReview of Development Economics
Volume7
Issue number3
DOIs
StatePublished - Aug 2003

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