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The Theory of Growth and Technology Transfer : Experience from the East Asian Economies
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- Authors
- Issue Date
- 1991-04
- Citation
- Seoul Journal of Economics, Vol.4 No.2, pp. 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
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