Timmer, P.M. - SOM Research Institute, Faculteit Economie en Bedrijfskunde - 1998
enabled Taiwan to exploit new technologies and products, resulting in rapid catch up in labour productivity relative to more … advanced economies. Using the industry-of-origin approach, this paper shows that in 1961, Taiwan's labour productivity in …Taiwan has undergone a process of swift industrialization after 1948. Rapid accumulation of physical and human capital …