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https://elibrary.tucl.edu.np/handle/123456789/5742| Title: | Trajectories to High Income: Growth Dynamics in Japan, the People’s Republic of China, and the Republic of Korea |
| Authors: | Michael Murach; Helmut Wagner; Jungsuk Kim; Donghyun Park |
| Issue Date: | Oct-2020 |
| Description: | This paper analyzes the economic growth patterns of Japan, the People’s Republic of China (PRC), and the Republic of Korea. It finds a striking similarity between the growth experiences of the PRC and the Republic of Korea. Japan and the Republic of Korea quickly graduated from middle-income to high-income status and offer valuable lessons for the PRC. This paper uses Cobb–Douglas production functions to assess the long-run equilibrium relationships between per capita gross domestic product, capital, and labor by means of cointegrated vector autoregressive models. |
| URI: | https://www.adb.org/publications/trajectories-high-income-growth-dynamics-jpn-prc-rok https://elibrary.tucl.edu.np/handle/123456789/5742 |
| ISBN: | N/A N/A |
| ISSN: | 2313-6537 2313-654 |
| Country: | Japan China People’s Republic of Korea Republic of |
| Appears in Collections: | ADB Collections |
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