This study investigates the economic growth and catch-up of the Republic of Korea over the past half-century. The gap of output per worker between the Republic of Korea and United States has decreased rapidly, as the Republic of Korea's lower per capita income, relative to its potential level,...

This study explores China's economic growth performance and prospects in global and Asian comparative perspectives. Using a general framework of cross-country analysis, the study identifies and discusses major factors underlying China's strong growth over the past decades and those contributing...

This study investigates the economic growth and catch-up of the Republic of Korea over the past half-century. The gap of output per worker between the Republic of Korea and United States has decreased rapidly, as the Republic of Korea's lower per capita income, relative to its potential level,...

Aggregate economic growth is studied using Cobb-Douglas production functions. For Taiwan, new capital stock and human capital data are constructed. We find a constant labor exponent of about 0.7, assuming constant returns; a constant rate of increase in total factor productivity (TFP) of about...

This paper reviews the basic laws and policies of the Chinese government on environmental problems and discusses the issues in policy implementation, the prospect of solving the environmental problems in the future and some recent successes in the development of alternative energy and in...

A 'moderately prosperous society' with no Chinese individual left behind - that's the vision for China set out by Chinese President Xi Jinping in a number of important speeches in 2017. 'Moderate' prosperity may seem like a modest goal for a country with more billionaires (609 at last count)...

This paper surveys (1)the reasons for economic reform in China to be introduced in 1978, (2)the major components of economic reform, (3) the characteristics of the reform process, (4) why reform was successful, (5) the shortcomings of China¡¯s economic institutions, (6) the factors...