CAN SECOND-GENERATION ENDOGENOUS GROWTH MODELS EXPLAIN THE PRODUCTIVITY TRENDS AND KNOWLEDGE PRODUCTION IN THE ASIAN MIRACLE ECONOMIES?

• 成果类型: Article
• 署名作者: Ang, James B.; Madsen, Jakob B.
• 署名单位: Monash University
• 刊物名称: REVIEW OF ECONOMICS AND STATISTICS
• ISSN/ISSBN: 0034-6535
• DOI: 10.1162/REST_a_00126
• 发表日期: 2011-11
• 页码: 1360-1373
• 关键词: research-and-development; unit-root tests; time-series tests; absorptive-capacity; tfp convergence; TECHNOLOGY; cointegration; INNOVATION; selection; distance

摘要

Using data for six Asian miracle economies over the period from 1953 to 2006, this paper examines the extent to which growth has been driven by R&D and tests which second-generation endogenous growth model is most consistent with the data. The results give strong support to Schumpeterian growth theory but only limited support to semi-endogenous growth theory. Furthermore, it is shown that R&D has played a key role for growth in the Asian miracle economies.