Toothless Tigers? East Asian Economic Growth from 1960 to 1990

Robin Grier ()

Review of Development Economics, 2003, vol. 7, issue 3, 392-405

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.

Date: 2003
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