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
Show allCollapse