Van, Cuong Le; Nguyen, Tu-Anh - Development and Policies Research Center (Depocen) - 2008
Solowian view on miracle growth rate in NIEs as a result of productivity growth whereas many others (e.g. Krugman [1997]) convince that broad capital accumulation is only true engine underlying NIEs growth. Krugman's view is correct in the short and mid terms, however in the long term, TFP is...