Growth and Productivity in East Asia
Growth and Productivity in East Asia
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Abstract
Considering the examples of Australia and the Pacific Rim, this book offers a contemporary explanation for national productivity that measures contributions not only from capital and labor, but also from economic activities and relevant changes in policy, education, and technology. The book has organized a group of collaborators from several Asian countries, the United States, and other parts of the globe who ably balance both macroeconomic and microeconomic study with theoretical and empirical approaches. The book gives special attention to the causes for the unusual success of Australia, one of the few nations to maintain unprecedented economic growth despite the 1997 Asian financial crisis and the 2001 global downturn. A new database comprising eighty-four Japanese sectors reveals new findings for the last thirty years of sectoral productivity and growth in Japan. Studies focusing on Indonesia, Taiwan, and Korea also consider productivity and its relationship to research and development, foreign ownership, and policy reform in such industries as manufacturing, automobile production, and information technology.
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Front Matter
- Introduction
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I Macro Productivity
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1
Ideas and Education: Level or Growth Effects and Their Implications for Australia
Steve Dowrick
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2
Australia's 1990s Productivity Surge and Its Determinants
Dean Parham
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3
Institutions, Volatility, and Crises
Daron Acemoglu and others
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4
GATT/WTO Accession and Productivity
David D. Li andChangqi Changqi Wu
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5
The Contribution of FDI Flows to Domestic Investment in Capacity, and Vice Versa
Assaf Razin
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1
Ideas and Education: Level or Growth Effects and Their Implications for Australia
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II Micro Productivity
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6
Sectoral Productivity and Economic Growth in Japan, 1970–98: An Empirical Analysis Based on the JIP Database
Kyoji Fukao and others
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7
Foreign Ownership and Productivity in the Indonesian Automobile Industry: Evidence from Establishment Data for 1990–99
Keiko Ito
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8
Productivity Growth and R&D Expenditure in Taiwan's Manufacturing Firms
Jiann-Chyuan Wang andKuen-Hung Tsai
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9
Bankruptcy Policy Reform and Total Factor Productivity Dynamics in Korea: Evidence from Microdata
Youngjae Lim andChin Hee Hahn
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10
Information Technology and Firm Performance in Korea
Jong-Il Kim
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11
How Important Is Discrete Adjustment in Aggregate Fluctuations?
Andrew Caplin andJohn Leahy
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6
Sectoral Productivity and Economic Growth in Japan, 1970–98: An Empirical Analysis Based on the JIP Database
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End Matter
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