Is the Asian Miracle a Myth?

Haider Khan ()

Chapter 3 in Interpreting East Asian Growth and Innovation, 2004, pp 17-31 from Palgrave Macmillan

Abstract: Abstract We saw in the last chapter that the theoretical project outlined by Lucas takes the fact of a ‘miracle’ as a given. Therefore, the interpretation of growth as a miracle is seen as the empirical problem that requires a theoretical explanation. We have also discussed extensively the particular explanation advanced by Lucas.

Keywords: Productivity Growth; Capital Stock; Total Factor Productivity; Technical Progress; Factor Input (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50353-3_3

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DOI: 10.1057/9780230503533_3

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