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In this paper, we take another approach to accounting for the sources of Singapore's economic growth by being explicit … about the channels through which Singapore, as a technological follower, benefits from international Ramp;D spillovers …, we show that 57.5 percent of Singapore's real GDP per worker growth rate over the 1970-2002 period is due to multifactor …
Persistent link: https://www.econbiz.de/10012713261
Persistent link: https://www.econbiz.de/10012749596
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's Republic of China (PRC), Malaysia, and Singapore. In contrast to two traditional approaches to exchange rate regimes in East … gradually from a dollar peg to a basket peg. In response to the PRC's shift, both Malaysia and Singapore would opt to shift …
Persistent link: https://www.econbiz.de/10011685385
The city-state of Singapore is a rare case of market autocracy. The government systematically suppresses political … governing body: the Cabinet of Ministers. At the same time, Singapore has highly liberal markets: low taxes, few regulations …, I argue that a small coalition of elites has, through the use of Singapore’s sovereign wealth funds, established a wide …
Persistent link: https://www.econbiz.de/10014255417
Starting from the comparisons of international industrialization history, we suggested that the successful successor economic entities have experienced significant economic fallouts when GDP per capita reached US$11,000 after rapid economic growth resulting from the condensed development. By...
Persistent link: https://www.econbiz.de/10011417697
This Policy Brief discusses the growth prospects of the Central and Eastern European (CEEC) region following the current economic crisis. It argues that the "integration model of growth" of the CEEC region was characterised by a very high degree of external liberalisation. In one group of...
Persistent link: https://www.econbiz.de/10011375704
The pace of GDP growth in China has shifted from an average of 10 per cent between 1980 and 2010 to below 7 per cent recently. This change is to some extent desirable, if the moderated growth reflects a successful transition towards a more efficient, inclusive and sustainable economy. However,...
Persistent link: https://www.econbiz.de/10012960805
We present new investment data and revised growth accounts for three socialist economies between 1950 and 1989. Government statistics reported distorted measures for both the rate and trajectory of productivity growth in Czechoslovakia, Hungary, and Poland. Researchers have benefited from...
Persistent link: https://www.econbiz.de/10011646830
Growth regressions have provided important insights into the impact of economic reforms on growth in transition economies. Using principal components to decompose reform variables and construct reform clusters, we address unsettled issues such as the importance of sequencing and reform speed....
Persistent link: https://www.econbiz.de/10014224100