Replacing investment shares in GDP by growth rates of capital stock, this paper first shows that cross-country regressions can explain East Asian high rates of economic growth remarkable well. The result is observationally consistent with recent growth accounting studies which proposed that...

The purpose of this paper is to investigate whether the difference in human capital accumulation can explain the non-convergent feature in East Asian countries. The paper first presents the cross-country evidence that growth rates in East Asian countries had little correlation with the starting...