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CAN SECOND-GENERATION ENDOGENOUS GROWTH MODELS EXPLAIN THE PRODUCTIVITY TRENDS AND KNOWLEDGE PRODUCTION IN THE ASIAN MIRACLE ECONOMIES?
James B. Ang () and
Jakob B. Madsen CAMA Working Papers from Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University
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.
JEL-codes: O30 O40 (search for similar items in EconPapers)
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Downloads: (external link) http://cbe.anu.edu.au/research/papers/camawpapers/ ... ng_Madsen_052010.pdf (application/pdf)
Related works: Journal Article: Can Second-Generation Endogenous Growth Models Explain the Productivity Trends and Knowledge Production in the Asian Miracle Economies? (2011) Working Paper: Can Second-Generation Endogenous Growth Models Explain The Productivity Trends and Knowledge Production In the Asian Miracle Economies? (2009) This item may be available elsewhere in EconPapers: Search for items with the same title.
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Persistent link: http://EconPapers.repec.org/RePEc:een:camaaa:2010-05
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