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    Are Dragons and Tigers Catching Up?

    Kozlova, Olesia; Noguera-Santaella, Jose | May 2017
    Abstract
    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 experiences of these two groups of countries and provides potential explanations for them. Third, by using the Kejriwal and Perron (2010) algorithm, we are able to endogenously estimate multiple structural breaks in the level and the trend of the series without prior knowledge of their integration level. This surpasses technical concerns of previous empirical studies. Fourth, it inquires into how the Asian financial crisis affected the catching-up process among the Dragons’ and Tigers’ economies.
    Citation
    Kozlova, Olesia; Noguera-Santaella, Jose. 2017. Are Dragons and Tigers Catching Up?. © Asian Development Bank Institute. http://hdl.handle.net/11540/7165.
    Keywords
    Price stabilization
    Food prices
    Price policy
    Crisis
    Unemployment
    Economic cooperation
    Gross domestic product
    Employment
    Economic forecast
    Economic indicators
    Growth models
    Gross domestic product
    Macroeconomics
    Economic forecast
    Social condition
    Economic dependence
    Economic assistance
    Economic Crisis
    Economic Efficiency
    Economic Policies
    Regional Economic Development
    Job Evaluation
    Evaluation
    Macroeconomic
    Macroeconomic Analysis
    Performance Evaluation
    Impact Evaluation
    Economic Welfare
    Economic Incentives
    Open price system
    Price fixing
    Price regulation
    Consumer price indexes
    Financial crisis
    Labor economics
    Regional economics
    Turnover
    Economic survey
    Job analysis
    Labor turnover
    Exports
    Economic development projects
    Economic policy
    Economic forecasting
    Welfare economics
    Welfare state
    Poor
    Food relief
    Poverty
    Domestic economic assistance
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    Citable URI
    http://hdl.handle.net/11540/7165
    Metadata
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    adbi-wp737.pdf (518.8Kb)
    Author
    Kozlova, Olesia
    Noguera-Santaella, Jose
    Theme
    Economics
    Evaluation
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise