The Dynamics of Asian Manufacturing: A Comparative Perspective in the Late Twentieth Century
Manufacturing has played a key role in the economic fortunes of the East and South Asian regions. This is an analysis of patterns of rapid catch-up and relative stagnation in the manufacturing sector, linking these to economic growth in the region.
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The catchup hypothesis in retrospect
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aggregate Annex Table Annex Table VI.1 Asian countries average benchmark capital intensity capital stock catch-up census cent Chapter chemical China Column compared comparisons contribution decline differences discussed East Asian economy effect electrical machinery employed employment especially establishments estimates export Figure findings firms force full branch names gaps given Gross fixed capital higher human capital import substitution important income increase India India and Indonesia indicates Indonesia industries inputs investment Korea and Taiwan labour productivity levels large-scale less manufacturing branch manufacturing sector matched measure medium metal method national accounts Note output period person policies problems productivity growth rates ratios relative share shift shows similar Sources South Korea substitution Survey technologies textile TFP growth total factor productivity total manufacturing trend UVRs value added VI.1 for full Wear weights worker