. Growth accounting exercises show that total factor productivity, FDI conversion efficacy, and foreign technology spillover … drive Asian Tigers' growth miracle, whereas a reduced adoption barrier and a favorable relative price of FDI are more … crucial for the growth of less-developed Asian economies. The counterfactual analysis confirms that technology-embodied FDI …

argue that China's growth pattern is very similar to that of several other East Asia economies that initially grew very … China's growth path and the growth paths of other East Asia economies at a similar stage of development. The growth paths of … other East Asia economies and the model predictions suggest that China's growth will substantially slow, so much so that we …

fit with important stylized facts, we construct a two-sector optimal growth model of housing where housing is produced by … housing and housing and land prices. The model is then calibrated to fit part of the stylized facts: faster growth of housing … structure/household durables than housing, faster growth of land prices than housing prices, and downward housing price and land …