Cheng, Chak Hung J.; Salemi, Michael K. - Hong Kong Institute for Monetary Research (HKIMR), … - 2009
On average between 1981 and 2007, output per capita in Hong Kong grew at an annual rate of 3.2 percent. But economic performance over the period was far from even. Between 1987 and 1997, output per capita averaged 9.7 percent above its long run growth path. In 1997, the feast ended and the...