IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-04251-7_9.html
   My bibliography  Save this book chapter

Summary and Implications

In: Hyper-growth in Asian Economies

Author

Listed:
  • Edward K. Y. Chen

    (University of Hong Kong)

Abstract

The focus of the present study has been on the morphology, causes, and effects of economic growth in the five fast-growing Asian economies. We began with a presentation of the contours of economic growth so that we could establish some bases for our later empirical analysis. Then we examined the trends of growth in output and factor inputs. We observed that during the period 1955–74, all of the selected economies experienced exceptionally high growth rates of 7.8 per cent to 9.5 per cent in real output and above 5 per cent in real income per capita. Indeed, in the late sixties and early seventies, growth rates had been above 10 per cent in most cases. Population growth in Japan was stable at the 1 per cent level throughout the period under study. On the other hand, population growth in the four other economies was at first relatively fast but slowed down in the later sub-periods. At the same time, the growth of the labour force in these four economies was also very rapid, due largely to the rapid increases in the labour participation rate. Generally speaking, during the period 1955–60, population grew faster than the labour force but the trend was generally reversed for the period 1960–74. This rapid increase in manpower resources played an important part in supporting the growth of the industrial sector. There was also a rapid growth in investment resulting in rapid growth in capital input for the economy. The high rates of growth in investment in these economies were due to the massive foreign capital inflows and/or high saving rates.

Suggested Citation

  • Edward K. Y. Chen, 1979. "Summary and Implications," Palgrave Macmillan Books, in: Hyper-growth in Asian Economies, chapter 9, pages 179-186, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-04251-7_9
    DOI: 10.1007/978-1-349-04251-7_9
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Thomas, Johanna M., 2017. "Early truancy evaluation: Replication of an evaluation using a regression discontinuity design," Children and Youth Services Review, Elsevier, vol. 78(C), pages 150-160.
    2. Doris Bergen Sponseller & Joel S. Fink, 1982. "Public Policy Toward Children: Identifying the Problems," The ANNALS of the American Academy of Political and Social Science, , vol. 461(1), pages 14-20, May.
    3. V. Joseph Hotz & Mo Xiao, 2011. "The Impact of Regulations on the Supply and Quality of Care in Child Care Markets," American Economic Review, American Economic Association, vol. 101(5), pages 1775-1805, August.
    4. William Gormley JR, 1999. "Regulating Child Care Quality," The ANNALS of the American Academy of Political and Social Science, , vol. 563(1), pages 116-129, May.
    5. Kristina Reineke, 2020. "The Influence of Digitization on the Emotional Exhaustion of Employees: The Moderating Role of Traditional Job Resources and Age," Working Papers Dissertations 62, Paderborn University, Faculty of Business Administration and Economics.
    6. V. Joseph Hotz & Mo Xiao, 2005. "The Impact of Minimum Quality Standards on Firm Entry, Exit and Product Quality: The Case of the Child Care Market," Working Papers 05-28, Center for Economic Studies, U.S. Census Bureau.
    7. David M. Blau & Alison P. Hagy, 1998. "The Demand for Quality in Child Care," Journal of Political Economy, University of Chicago Press, vol. 106(1), pages 104-146, February.
    8. Nina T. Dalgaard & Anja Bondebjerg & Rasmus Klokker & Bjørn C. A. Viinholt & Jens Dietrichson, 2020. "PROTOCOL: Adult/child ratio and group size in early childhood education or care to promote the development of children aged 0–5 years: A systematic review," Campbell Systematic Reviews, John Wiley & Sons, vol. 16(1), March.
    9. Thomas, Johanna M. & Lemieux, Catherine M. & Rhodes, Judith L.F. & Vlosky, Denese Ashbaugh, 2011. "Early truancy intervention: Results of an evaluation using a regression discontinuity design," Children and Youth Services Review, Elsevier, vol. 33(9), pages 1563-1572, September.
    10. Dote, Grace, 1982. "Economic Research Of Interest To Agriculture, 1979-1981," Economic Research of Interest to Agriculture 7291, University of California, Berkeley, Department of Agricultural and Resource Economics.
    11. Orli Bobek & Adiv Gal & David Saltz & Uzi Motro, 2018. "Effect of nest-site microclimatic conditions on nesting success in the Lesser Kestrel (Falco naumanni)," Discussion Paper Series dp721, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-04251-7_9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.