ARE EAST ASIAN ECONOMIES DYNAMICALLY EFFICIENT?
- Authors
- 안국신
- Issue Date
- 2003
- Publisher
- 중앙대학교 경제연구소
- Keywords
- Dynamic Efficiency; East Asian Economies; Proprietors Income JEL classification: O41; O57 1. INTRODUCTION As Abel; Mankiw; Summers and Zeckhauser (1989) stated; dynamic efficiency is one of the most important issues in analyses of economic growth; t; Dynamic Efficiency; East Asian Economies; Proprietors Income JEL classification: O41; O57 1. INTRODUCTION As Abel; Mankiw; Summers and Zeckhauser (1989) stated; dynamic efficiency is one of the most important issues in analyses of economic growth; t
- Citation
- Journal of Economic Development, v.28, no.1, pp 101 - 112
- Pages
- 12
- Journal Title
- Journal of Economic Development
- Volume
- 28
- Number
- 1
- Start Page
- 101
- End Page
- 112
- URI
- https://scholarworks.bwise.kr/cau/handle/2019.sw.cau/47170
- ISSN
- 0254-8372
- Abstract
- This paper investigates dynamic efficiency of major East Asian economies based on the criterion of Abel, Mankiw, Summers and Zeckhauser(1989). It shows that both Korea and Taiwan are not necessarily dynamically efficient since they do not satisfy the sufficient condition of dynamic efficiency. It also shows that, contrary to the claim by Abel, Mankiw, Summers and Zeckhauser(1989), Japan also does not satisfy the sufficient condition of dynamic efficiency. Possible causes and implications of these empirical results are briefly reviewed.
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