Trajectories to High Income: Growth Dynamics in Japan, the People’s Republic of China, and the Republic of Korea

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dc.contributor.authorMichael Murach; Helmut Wagner; Jungsuk Kim; Donghyun Park
dc.date.accessioned2021-10-05T15:06:14Z
dc.date.available2021-10-05T15:06:14Z
dc.date.issued2020-10
dc.descriptionThis 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.
dc.format.extent48
dc.identifier.isbnN/A
dc.identifier.isbnN/A
dc.identifier.issn2313-6537
dc.identifier.issn2313-654
dc.identifier.urihttps://www.adb.org/publications/trajectories-high-income-growth-dynamics-jpn-prc-rok
dc.identifier.urihttps://hdl.handle.net/20.500.14540/5742
dc.subject.otherEconomics
dc.titleTrajectories to High Income: Growth Dynamics in Japan, the People’s Republic of China, and the Republic of Korea
local.publication.countryJapan
local.publication.countryChina
local.publication.countryPeople’s Republic of
local.publication.countryKorea
local.publication.countryRepublic of

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