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The Asian Miracle and Modern Growth Theory

✍ Scribed by Richard R. Nelson; Howard Pack

Book ID
108557222
Publisher
John Wiley and Sons
Year
1999
Tongue
English
Weight
231 KB
Volume
109
Category
Article
ISSN
0013-0133

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Despite the intensive debates on the East Asian economic miracle that persisted during the last decade, the verdict on the source of output growth is inconclusive. There can be no dispute over the importance of total factor productivity (TFP) growth in the process of economic development and raising