The debate about the sources of growth in East Asia after a quarter of a century: much ado about nothing

ACDE Trade & Development Seminars


Jesus Felipe, Asian Development Bank.


Seminar Room C (Nadel Room), HC Coombs Building (9), Fellows Road, ANU


Tuesday, 29 August, 2017 - 14:00 to 15:30

This paper reviews what the profession has learned during the last 25 years about East Asia’s growth using growth accounting exercises and estimations of production functions. The publication of Alwyn Young’s (1992, 1994, 1995) and Jong-ll Kim and Lawrence Lau’s (1994) studies, and Paul Krugman’s (1994) popularisation of the ‘zero total factor productivity growth’ thesis, led to a very important debate within the profession.

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