Economic Growth And Transition: Econometric Analysis Of Lim's S-curve Hypothesis

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This book is the first of its kind to systematically analyze and apply Lim Chong Yah's S-Curve Hypothesis to the various facets of economic growth and economic transition. By augme nting the mathematical and economical sophistication of the hypothesis, this book extends the S-Curve hypothesis to provide further insight into economic growth and transition.It also utilizes a construction of a stochastic growth model to provide the microeconomic foundation for the S-Curve hypothesis. This model resolves the puzzle of why some developing countries experience economic take-off, while others do not. The book analyzes and extends discussion on the S-Curve, and also applies the S-Curve hypothesis to predict long-term growth in Japan and Singapore. It serves as an excellent resource for people interested in Lim's growth theory.Format: HardcoverNo of Pages: 148Imprint: World ScientificPublication date: 20100419Series: Economic Growth Centre Research Monograph Series Show more