In three periods of its modern economic history (1913-37, 1952-73, and 1973-90), Japan grew up to twice as rapidly as did other major industrialized countries. This paper investigates whether growth in these years was export-led. The results of five very different tests suggest that domestic...

China is located in East Asia and, just as Japan, Taiwan or (South) Korea at earlier stages of their development, has now grown very rapidly for some three decades. That is not enough, however, for it to qualify for membership of the club. The East Asian development model has a number of...

This paper studies the influence of"high technology"on the growth of output by using cross-section data on U.S. states. An eclectic approach to the"sources-of-growth"literature leads to the estimate of a"base"equation which explains about half of the differences in per capita GSP growth rates of...

Over the last six decades, economic developments in the three countries that were defeated in World War II look strikingly similar. First came rapid reconstruction. Then followed the economic miracles of the Golden Age. The years that went from the first oil shock to the mid-1990s still saw...