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This paper studies the catching-up process in per capita income of the so-called Asian Dragons and Tigers. It contributes to the literature in several ways. First, it tests the catching-up hypothesis using the longest time span ever considered, from 1870 to 2014. Second, it documents the...
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The East Asian miracle was real. Prior to the 1997 economic and currency crises, Asian NICs Hong Kong, Korea, Singapore … and Taiwan achieved remarkable annual GDP growth. In these countries the overall economic performance was significantly … NICs for the period 1980-95 and compares their specialisation pattern with that of more advanced economies like Japan, West …
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