The African Growth Miracle

Chalk and cheese? Africa and the lessons of Asian development

The World Bank's 1993 report on The East Asian Miracle prompted a wave of comparative research aimed at extracing practical lessons for African countries from the development achievements of large parts of Asia in the late twentieth century. Increasingly, however, researchers questioned the relevance of Asian experience to the African predicament, pointing to systematic contrasts between the tw...

A Hidden Contributor to the Korean Miracle: The Korean Credit :union: Movement

Korean credit :::union:::s (CUs) are considered to be a hidden contributor to the “Korean miracle”, characterized by remarkable economic growth and relatively low income inequality. The Korean miracle not only generated wealth in an economically strapped and socially under-privileged people, but also contributed to regional community development and the democratization of Korean society. In...

Can Second-Generation Endogenous Growth Models Explain The Productivity Trends and Knowledge Production In the Asian Miracle Economies?

Using data for six Asian miracle economies over the period from 1953 to 2006, this paper examines the extent to which growth has been driven by R&D and tests which second-generation endogenous growth model is most consistent with the data. The results give strong support to Schumpeterian growth theory but only limited support to semi-endogenous growth theory. Furthermore, it is shown that R&D h...

Growth of African Horse Sickness Virus in Monkey Kidney Cell Cultures

Investigating Agricultural Productivity Growth and Convergence in Iran and Eastern African Countries

The issue of convergence or divergence of productivity has important policy for regional poverty reduction and increasing standards of living. If productivity converges to a common level without intervention, there is little need for explicit policies in lagging regions to promote catch up. On the other hand, productivity has divergence trend, then explicit policies would be needed to prevent f...