This paper surveys the experience of economic growth in the 20th century with a focus on technological change at the … frontier together with issues related to success and failure in catch-up growth. A detailed account of growth performance based … on historical national accounts data is given and is accompanied by a review of growth accounting evidence on the sources …

during the region’s early phase of growth and development. Second, human capital formation had a significant positive effect … more strongly in Asia than in the rest of the world. Third, innovation has also been critical in facilitating recent growth … in Asian economies. These results suggest that Asia’s capital-accumulation-driven growth in the early phase induced human …