TY  - JOUR
AU  - Helliwell,John F.
TI  - International Growth Linkages: Evidence from Asia and the OECD
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 4245
PY  - 1994
Y2  - June 1994
UR  - http://www.nber.org/papers/w4245
L1  - http://www.nber.org/papers/w4245.pdf
N1  - Author contact info:
John F. Helliwell
Vancouver School of Economics
University of British Columbia
997-1873 East Mall
Vancouver BC V6T 1Z1
CANADA
Tel: 604/822-4953
Fax: 604/822-5915
E-Mail: john.helliwell@ubc.ca
M2  - featured in NBER digest on 1993-05-01
AB  - This paper first shows how the convergence model generally applicable to the OECD and in augmented form to global samples fails to reflect the post-1960 experience of the Asian economies, and then considers some of the factors explaining the differences. Investment rates in physical capital appear to be more important in explaining growth differences among the Asian economies, while education matters less. Various measures of openness to imports contribute importantly to explaining relative growth rates in Asia, with the more open economies generally having significantly faster growth rates, even after allowing for differences in investment rates. After allowing for differences in openness and investment rates, there also appears to be a trade-off between democracy and growth, with the initially less democratic Asian countries having faster subsequent growth, leading eventually to increasing effective demand for democratization.
ER  -