CAN SECOND-GENERATION ENDOGENOUS GROWTH MODELS EXPLAIN THE PRODUCTIVITY TRENDS AND KNOWLEDGE PRODUCTION IN THE ASIAN MIRACLE ECONOMIES?

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...

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Bibliographic Details
Published in:The review of economics and statistics 2011-11, Vol.93 (4), p.1360-1373
Main Authors: Ang, James B., Madsen, Jakob B.
Format: Article
Language:English
Subjects:
1953-2006
Asien
Capital stocks
Coefficients
East Asia
Economic growth
Economic growth models
Economic growth theories
Economics
Endogenes Wachstumsmodell
Endogenous
Endogenous growth
Endogenous growth theory
Equilibrium models
Forschung
Growth models
Growth rates
Human capital
New technology
Production estimates
Production functions
Productivity
R&D
Research & development
Schumpeterian growth
Schumpeterismus
Second generation
Studies
Technological change
Wirtschaftswachstum
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