Existing studies identify two major underlying mechanisms behind East and Southeast Asia’s miraculous economic performance in the past 5 decades: accumulation and technological catching-up. This study investigates empirically the relative importance of these two mechanisms in Asian development...

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,...

Our paper focuses on the dynamics of development of human capital in economic development cycles (as described, for example, in the works of Becker or Barro). In the course of this research, we created an econometric model based on the modified Mankiw-Romer-Weil equation of the Cobb-Douglas...

We modify the concept of the middle-income trap (MIT) against the background of the Fourth Industrial Revolution and the (future) challenges of automation (creating the concept of the "MIT 2.0") and discuss the implications for developing Asia. In particular, we analyze the impacts of...

India's TVET system, by international standards, is at a very rudimentary level of development. TVET was a relatively neglected subject in India's educational planning, at least until the beginning of 2007. However, this changed with the 11th Plan (2007012). One dimension of this change was the...

Do new school types focusing on practical and business-related knowledge lead to increased economic performance? To analyze this question, this paper examines the introduction of two types of modern secondary education, the Gewerbeschule and its successor, the Realschule, in nineteenth-century...

In examining some big questions on African development, we provide evidence that dynamics of some development indicators could support both endogenous and neoclassical growth theories in the convergence debate. This paper investigates convergence in real per capita GDP and inequality adjusted...

This paper presents the issue of economic convergence, reviewing some of the theories used in analyzing this process, theories of economic growth, types of economic convergence: nominal, real and institutional convergence, the effects of the recent crisis on economic convergence. The programme...

This paper presents the issue of economic convergence, reviewing some of the theories used in analyzing this process, theories of economic growth, types of economic convergence: nominal, real and institutional convergence, the effects of the recent crisis on economic convergence. The programme...