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Productivity Performance in East Asia
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Actual TFP Growth argued Asia Asian Development Bank Austria Belgium Benhabib and Spiegel capital accumulation capital to output catching-up cent Collins and Bosworth context demographic transition Denmark diminishing returns downside east Asian economies east Asian growth econometric economic backwardness economic growth European Golden Age factor accumulation financial crisis financial liberalization Finland France further catch-up future growth prospects GDP per person Gerschenkron Greece growth accounting growth rates Hong Kong SAR human capital ICRG income Indonesia industrial innovation inputs per person institutional Ireland Japan Korea Krugman labor force labor inputs labor productivity gap Maddison Malaysia moral hazard neoclassical Netherlands Norway OECD output ratio Portugal postwar productivity performance Projected TFP Growth Province of China rapid catch-up growth rapid growth real GDP risk sector Singapore and Taiwan social capability Spain steady state growth Sweden Switzerland Table 14 Taiwan Province technology transfer tend Thailand United Kingdom West Germany western Europe Young Young's estimates