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The Theory of Growth and Technology Transfer : Experience from the East Asian Economies

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Authors
Lau, Man-Iui; Wan, Henry Y.
Issue Date
1991
Publisher
Seoul Journal of Economics
Citation
Seoul Journal of Economics 4 (No. 2 1991): 109-122
Keywords
the New Growth Theory; learning-by-imitation; technology backlog
Abstract
Today, the East Asian economies are viewed as the role models for most of the LDCs and the formerly planned economies. Their rapid catching up with the DCs is achieved, to a great extent, with transferred technology. We discuss below the issues in modeling theoretically their experience. Specifically, we offer a theory which predicts a unimodal time profile for the growth rate as observed in Japan and Taiwan, and we identify the causal factors which may facilitate the "imitational component" for technical progress.
ISSN
1225-0279
Language
English
URI
http://hdl.handle.net/10371/910
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College of Social Sciences (사회과학대학)Institute of Economics Research (경제연구소)Seoul Journal of EconomicsSeoul Journal of Economics vol.04(2) (Summer 1991)
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