Can Second-Generation Endogenous Growth Models Explain The Productivity Trends and Knowledge Production In the Asian Miracle Economies?

James Ang and Jakob Madsen

No 01-10, Monash Economics Working Papers from Monash University, Department of Economics

Abstract: 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.

Keywords: Schumpeterian growth; semi-endogenous growth; Asian growth miracle (search for similar items in EconPapers)
JEL-codes: O30 O40 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2010-05
New Economics Papers: this item is included in nep-dge, nep-fdg, nep-knm and nep-sea
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Citations: View citations in EconPapers (6)

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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? (2010)
Working Paper: Can Second-Generation Endogenous Growth Models Explain The Productivity Trends and Knowledge Production In the Asian Miracle Economies? (2009)
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