Abstract

http://ssrn.com/abstract=1353744
 


 



Interpreting East Asian Growth


Van H. Pham


Baylor University - Department of Economics

Henry Wan Jr.


Cornell University - Department of Economics

1997

DYNAMICS, ECONOMIC GROWTH, AND INTERNATIONAL TRADE, Bjarne Jensen & Kar-yiu Wong, eds., University of Michigan Press, 1997

Abstract:     
In this paper, we review the econometric studies of East Asian growth by Kim and Lau (1994) as well as Young (1994). Constructing a multi-sectoral model of technological transfer, we affirm the complementarity thesis of Kim and Lau: knowledge capital and physical capital accumulation (as well as trade) are all necessary for sustained, rapid growth a la the Asian NIEs. Trade being strategic to emulation, it is no surprise that a similar performance is observed in both Korea under state guidance and Hong Kong under laissez faire. Extending the analysis to a product cycle framework, we manage to reproduce the persistent technological gap result of Kim and Lau. Since Asian NIEs emulate foreign innovative designs, they are not likely to suffer the Soviet fate of obsolescent product designs.

Accepted Paper Series


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Date posted: March 5, 2009 ; Last revised: March 12, 2009

Suggested Citation

Pham, Van H. and Wan, Henry, Interpreting East Asian Growth (1997). DYNAMICS, ECONOMIC GROWTH, AND INTERNATIONAL TRADE, Bjarne Jensen & Kar-yiu Wong, eds., University of Michigan Press, 1997. Available at SSRN: http://ssrn.com/abstract=1353744

Contact Information

Van H. Pham (Contact Author)
Baylor University - Department of Economics ( email )
One Bear Place #98003
Waco, TX 76798
United States
(254) 710-3521 (Phone)
(254) 710-6142 (Fax)
HOME PAGE: http://www.baylor.edu/van_pham
Henry Y. Wan Jr.
Cornell University - Department of Economics ( email )
414 Uris Hall
Ithaca, NY 14853-7601
United States
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