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This essay provides a game-theoretic, endogenous view of institutions, and then applies the idea to identify the sources of institutional trajectories of economic development in China, Japan, and Korea. It stylizes the Malthusian-phase of East Asian economies as peasant-based economies in which...
Persistent link: https://www.econbiz.de/10009669757
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Based on the variable rate of gross domestic product per capita growth and its sources, this paper first identifies five phases of economic development that are common to China, Japan, and Korea: M (Malthusian), G (government-led), K (à la Kuznets), H (human capital based) and PD (post...
Persistent link: https://www.econbiz.de/10009407779
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Based on the variable rate of gross domestic product per capita growth and its sources, this paper first identifies five phases of economic development that are common to China, Japan, and Korea: M (Malthusian), G (government-led), K (à la Kuznets), H (human capital based) and PD (post...
Persistent link: https://www.econbiz.de/10010397266
This essay provides a game-theoretic, endogenous view of institutions, and then applies the idea to identify the sources of institutional trajectories of economic development in China, Japan, and Korea. It stylizes the Malthusian-phase of East Asian economies as peasant-based economies in which...
Persistent link: https://www.econbiz.de/10010397352
Persistent link: https://www.econbiz.de/10010526006
Pt. 1. Fitoussi lecture. Economics and China's economic rise / Wu Jinglian -- pt. 2. Perspectives of the Chinese economy. China's investment and GDP growth boom : when and how will it end? / Dwight H. Perkins ; Six systemic reforms with which China must press ahead / Lou Jiwei ; When demographic...
Persistent link: https://www.econbiz.de/10009660237