Resilience to economic shrinking: reinterpreting the Asian economic miracle in a comparative perspective, 1964–2018

References

• Abramovitz, M. 1986. “Catching Up, Forging Ahead, and Falling Behind.” The Journal of Economic History 46 (2): 385–406. https://doi.org/10.1017/S0022050700046209
   Web of Science ®Google Scholar
• Abramovitz, M. 1995. “The Elements of Social Capability.” In Social Capability and Long-Term Economic Growth, edited by B. H. Koo and D. H. Perkins, 19–47. New York: St. Martin’s Press.
   Google Scholar
• Acemoglu, D., and J. Robinson. 2019. The Narrow Corridor: States, Societies, and the Fate of Liberty. New York: Penguin Press.
   Google Scholar
• Acemoglu, D., and F. Zilibotti. 1997. “Was Prometheus Unbound by Chance? Risk, Diversification, and Growth.” Journal of Political Economy 105 (4): 709–751. https://doi.org/10.1086/262091
   Web of Science ®Google Scholar
• Alesina, A., and D. Rodrik. 1994. “Distributive Politics and Economic Growth.” The Quarterly Journal of Economics 109 (2): 465–490. https://doi.org/10.2307/2118470
   Web of Science ®Google Scholar
• Amsden, A. 1989. Asia’s Next Giant: South Korea and Late Industrialization. New York: Oxford University Press.
   Google Scholar
• Amsden, A. 2001. The Rise of "The Rest": Challenges to the West from Late-Industrializing Economies. Oxford: Oxford University Press.
   Google Scholar
• Andersson, M. 2018. Resilience to Economic Shrinking: A Social Capability Approach to Processes of Catching Up in the Developing World 1951-2016 (No. 183). Lund University, Department of Economic History.
   Google Scholar
• Andersson, J., and M. Andersson. 2019. “Beyond Miracle and Malaise. Social Capability in Côte d’Ivoire and Senegal During the Development Era 1930–1980.” Studies in Comparative International Development 54 (2): 210–232. https://doi.org/10.1007/s12116-019-09283-4
   Web of Science ®Google Scholar
• Andersson, M., and T. Axelsson, eds. 2016. Diverse Development Paths and Structural Transformation in the Escape from Poverty. Oxford: Oxford University Press.
   Google Scholar
• Andersson, M., T. Axelsson, and A. Palacio. 2021. “Resilience to Economic Shrinking in an Emerging Economy – The Role of Social Capabilities in Indonesia 1950-2015.” Journal of Institutional Economics 17 (3): 509–526.
   Web of Science ®Google Scholar
• Arezki, R., R. Y. Fan, and H. Nguyen. 2021. “Technology Adoption and the Middle-Income Trap: Lessons from the Middle East and East Asia.” Review of Development Economics 25 (3): 1711–1744. https://doi.org/10.1111/rode.12775
   Web of Science ®Google Scholar
• Axelsson, T., and I. Martins. 2023. “Resilience to Shrinking as a Catch-Up Strategy: A Comparison of Brazil and Indonesia, 1964–2019.” Studies in Comparative International Development.
   Web of Science ®Google Scholar
• Bardhan, P. 2016. “State and Development: The Need for a Reappraisal of the Current Literature.” Journal of Economic Literature 54 (3): 862–892. https://doi.org/10.1257/jel.20151239
   Web of Science ®Google Scholar
• Barro, R. J. 1995. “Inflation and Economic Growth.” Bank of England Quarterly Bulletin, May: 166–176.
   Google Scholar
• Barro, R., and X. Sala-i-Martin. 1992. “Convergence.” Journal of Political Economy 100 (2): 223–251. https://doi.org/10.1086/261816
   Web of Science ®Google Scholar
• Baumol, W. J. 1986. “Productivity Growth, Convergence and Welfare: What the Long-run Data Show.” American Economic Review 76: 1072–1085.
   Web of Science ®Google Scholar
• Berg, A., and J. D. Ostry. 2011. “Inequality and Unsustainable Growth: Two Sides of the Same Coin.” IMF Staff Discussion Note (April 8). https://www.imf.org/external/pubs/ft/sdn/2011/sdn1108.pdf.
   Google Scholar
• Besley, T., and T. Persson. 2013. “Taxation and Development.” In Handbook of Public Economics, edited by Alan J. Auerbach, Raj Chetty, Martin Feldstein, Emmanuel Saez, Chapter 2. Vol. 5, 51–110.
   Google Scholar
• Besley, T., and T. Persson. 2014. “The Causes and Consequences of Development Clusters: State Capacity, Peace, and Income.” Annual Review of Economics 6 (1): 927–949. https://doi.org/10.1146/annurev-economics-080213-041128
   Google Scholar
• Béné, C., A. Newsham, M. Davies, M. Ulrichs, and R. Godfrey-Wood. 2014. “Review Article: Resilience, Poverty and Development.” Journal of International Development 26 (5): 598–623. https://doi.org/10.1002/jid.2992
   Web of Science ®Google Scholar
• Bourgignon, F. 2003. The Poverty-Growth-Inequality Triangle. [Paper presentation]. Conference on Poverty, Inequality and Growth, sponsored by the Agence Française de Développement and the EU Development Network.
   Google Scholar
• Brautigam, D., O. H. Fjeldstad, and M. Moore, eds. 2008. Taxation and State-building in Developing Countries: Capacity and Consent. Cambridge: Cambridge University Press.
   Google Scholar
• Broadberry, S., and L. Gardner. 2022. “Economic Growth in Sub-Saharan Africa, 1885–2008: Evidence from Eight Countries.” Explorations in Economic History 83. https://doi.org/10.1016/j.eeh.2021.101424
   Web of Science ®Google Scholar
• Broadberry, S., and J. J. Wallis. 2017. Growing, Shrinking, and Long Run Economic Performance: Historical Perspectives on Economic Development (NBER Working Paper No. 23343). Cambridge, MA: National Bureau of Economic Research.
   Google Scholar
• Chopra, A. 2015. “Financing Productivity- and Innovation-Led Growth in Developing Asia: International Lessons and Policy Issues.” Asian Development Bank Working Paper Series 15–6.
   Google Scholar
• Collier, P. 2007. The Bottom Billion: Why the Poorest Countries Are Failing and What Can Be Done About It. New York: Oxford University Press.
   Google Scholar
• Collier, P., V. L. Elliott, H. Hegre, A. Hoeffler, M. Reynal-Querol, and N. Sambanis. 2003. Breaking the Conflict Trap: Civil War and Development Policy (World Bank Policy Research Report). Washington, DC: World Bank and Oxford University Press.
   Google Scholar
• Crafts, N. 2018. “The Golden Age of European Economic Growth.” In Handbook of Cliometrics, edited by C. Diebolt and M. Haupert, 1–31. Berlin, Heidelberg: Springer.
   Google Scholar
• Daniels, N. 2007. Just Health: Meeting Health Needs Fairly. Cambridge University Press.
   Google Scholar
• Dawe, D., and C. P. Timmer. 2012. “Why Stable Food Prices are a Good Thing: Lessons from Stabilizing Rice Prices in Asia.” Global Food Security 1 (2): 127–133. https://doi.org/10.1016/j.gfs.2012.09.001
   Google Scholar
• Dercon, S., and J. S. Shapiro. 2007. “Moving on, Staying Behind, Getting Lost: Lessons on Poverty Mobility from Longitudinal Data.” In Moving out of Poverty, vol. 1: Cross-Disciplinary Perspectives on Mobility, edited by D. Narayan and P. Petesch, 77–126. New York: The World Bank and Palgrave Macmillan.
   Google Scholar
• Easterly, W. 2002. The Elusive Quest for Growth: Economists’ Adventures and Misadventures in the Tropics. Cambridge: MIT Press.
   Google Scholar
• Easterly, W., M. Kremer, L. Pritchett, and L. H. Summers. 1993. “Good Policy or Good Luck?” Journal of Monetary Economics 32 (3): 459–483. https://doi.org/10.1016/0304-3932(93)90026-C
   Web of Science ®Google Scholar
• Erosa, A., and G. Ventura. 2002. “On Inflation as a Regressive Consumption Tax.” Journal of Monetary Economics 49 (4): 761–795. https://doi.org/10.1016/S0304-3932(02)00115-0
   Web of Science ®Google Scholar
• Evans, P. B. 1995. Embedded Autonomy: States and Industrial Transformation. Princeton: Princeton University Press.
   Google Scholar
• Feenstra, R. C., and G. G. Hamilton. 2006. Emergent Economies, Divergent Paths: Economic Organization and International Trade in South Korea and Taiwan. New York: Cambridge University Press.
   Google Scholar
• Feenstra, R. C., R. Inklaar, and M. P. Timmer. 2015. “The Next Generation of the Penn World Table.” American Economic Review 105 (10): 3150–3182. https://doi.org/10.1257/aer.20130954
   Web of Science ®Google Scholar
• Furman, J., J. E. Stiglitz, B. P. Bosworth, and S. Radelet. 1998. “Economic Crises: Evidence and Insights from East Asia.” Brookings Papers on Economic Activity 2 (2): 1–135. https://doi.org/10.2307/2534693
   Google Scholar
• Gerschenkron, A. 1962. Economic Backwardness in Historical Perspective. Cambridge: Harvard University Press.
   Google Scholar
• Hausmann, R., C. A. Hidalgo, S. Bustos, M. Coscia, A. Simoes, and M. A. Yildirim. 2013. The Atlas of Economic Complexity: Mapping Paths to Prosperity. 2nd ed. Cambridge: MIT Press.
   Google Scholar
• Hausmann, R., F. Rodriguez, and R. Wagner. 2006. Growth Collapses (Harvard Kennedy School of Government Working Paper No. RWP06-046).
   Google Scholar
• Hausmann, R., and D. Rodrik. 2003. “Economic Development as Self-discovery.” Journal of Development Economics 72 (2): 603–633. https://doi.org/10.1016/S0304-3878(03)00124-X
   Web of Science ®Google Scholar
• Jackson, R. 2021. “The Purpose of Policy Space for Developing and Developed Countries in a Changing Global Economic System.” Research in Globalization 3. https://doi.org/10.1016/j.resglo.2021.100039
   Google Scholar
• Johnson, C. 1982. MITI and the Japanese Miracle: The Growth of Industrial Policy, 1925-1975. Stanford: Stanford University Press.
   Google Scholar
• Jones, B. F., and B. A. Olken. 2008. “The Anatomy of Start-Stop Growth.” The Review of Economics and Statistics 90 (3): 582–587. https://doi.org/10.1162/rest.90.3.582
   Web of Science ®Google Scholar
• Kar, S., L. Pritchett, S. Raihan, and K. Sen. 2013. “Looking for a Break: Identifying Transitions in Growth Regimes.” Journal of Macroeconomics 238: 151–166. https://doi.org/10.1016/j.jmacro.2013.09.022
   Google Scholar
• Koyama, M., and J. Rubin. 2022. How the World Became Rich. Cambridge: Polity.
   Google Scholar
• Kreuger, A. O. 1981. “Export-Led Industrial Growth Reconsidered.” In Trade and Growth of the Advanced Developing Countries in the Pacific Basin, edited by W. Hong and L. Krause. Seoul: Korea Development Institute.
   Google Scholar
• Krugman, P. 1994, Nov-Dec. The Myth of the Asian Miracle. Foreign Affairs.
   Google Scholar
• Kuznets, S. 1973. “Modern Economic Growth: Findings and Reflections.” The American Economic Review 63 (3): 247–258.
   Web of Science ®Google Scholar
• Lee, K. 2019. The Art of Economic Catch-Up: Barriers, Detours, and Leapfrogging in Innovation Systems. Cambridge: Cambridge University Press.
   Google Scholar
• Lin, J. 2012. The Quest for Prosperity: How Developing Economies Can Take Off. Princeton: Princeton University Press.
   Google Scholar
• Little, I. M. D. 1981. “The Experiences and Causes of Rapid Labour-Intensive Development in Korea, Taiwan Province, Hong Kong, and Singapore and the Possibilities of Emulation.” In Export-Led Industrialisation and Development, edited by E. Lee. Singapore: Maruzen Asia.
   Google Scholar
• Lucotte, Y. 2012. “Adoption of Inflation Targeting and Tax Revenue Performance in Emerging Market Economies: An Empirical Investigation.” Economic Systems 36 (4): 609–628. https://doi.org/10.1016/j.ecosys.2012.01.001
   Web of Science ®Google Scholar
• Martin, R. 2012. “Regional Economic Resilience, Hysteresis and Recessionary Shocks.” Journal of Economic Geography 12 (1): 1–32. https://doi.org/10.1093/jeg/lbr019
   Web of Science ®Google Scholar
• Martin, R., and P. Sunley. 2020. “Regional Economic Resilience: Evolution and Evaluation.” In Handbook on Regional Economic Resilience, edited by Gillian Bristow and Adrian Healy, 10–35. Cheltenham: Edward Elgar.
   Google Scholar
• McMillan, M., D. Rodrik, and Í Verduzco-Gallo. 2014. “Globalization, Structural Change, and Productivity Growth, with an Update on Africa.” World Development 63: 11–32. https://doi.org/10.1016/j.worlddev.2013.10.012
   Web of Science ®Google Scholar
• Milanovic, B. 2016. Global Inequality – A New Approach for the Age of Globalization. Cambridge: The Belknap Press of Harvard University Press.
   Google Scholar
• Myrdal, G. 1957. Economic Theory and Under-developed Regions. London: Gerald Duckworth & Co.
   Google Scholar
• Nayyar, D. 2013. Catch Up: Developing Countries in the World Economy. Oxford University Press.
   Google Scholar
• North, D. 2005. Understanding the Process of Economic Change. Princeton, NJ: Princeton University Press.
   Google Scholar
• North, D., J. J. Wallis, and B. R. Weingast. 2009. Violence and Social Orders: A Conceptual Framework for Interpreting Recorded Human History. Cambridge: Cambridge University Press.
   Google Scholar
• Ohkawa, K., and H. Rosovsky. 1973. Japanese Economic Growth: Trend Acceleration in the Twentieth Century. Palo Alto, CA: Stanford University Press.
   Google Scholar
• Olander, P. 2019. “Economic Diversification and Institutional Quality: Issues of Concentrated Interests.” Studies in Comparative International Development 54 (3): 346–364. https://doi.org/10.1007/s12116-019-09287-0
   Web of Science ®Google Scholar
• Oqubay, A., and K. Ohno, eds. 2019. How Nations Learn: Technological Learning, Industrial Policy, and Catch-up. Oxford: Oxford University Press.
   Google Scholar
• Ostry, J. D., A. G. Berg, and C. G. Tsangarides. 2015. Redistribution, Inequality, and Growth (IMF Staff Discussion Note SDN/14/02). International Monetary Fund.
   Google Scholar
• Perkins, D. H., and B. H. Koo. 1995. “Introduction.” In Social Capability and Long-term Economic Growth, edited by D. H. Perkins and B. H. Koo, 3–10. New York: St. Martin’s Press.
   Google Scholar
• Persson, T., and G. Tabellini. 1994. “Is Inequality Harmful for Growth?” The American Economic Review 84: 600–621.
   Web of Science ®Google Scholar
• Pritchett, L. 1997. “Divergence, BIG Time.” Journal of Economic Perspectives 11 (3): 3–17. https://doi.org/10.1257/jep.11.3.3
   Web of Science ®Google Scholar
• Pritchett, L. 2000. “Understanding Patterns of Economic Growth: Searching for Hills among Plateaus, Mountains and Plains.” World Bank Economic Review 14 (2): 221–250. https://doi.org/10.1093/wber/14.2.221
   Web of Science ®Google Scholar
• Pritchett, L., K. Sen, S. Karc, and S. Raihande. 2016. “Trillions Gained and Lost: Estimating the Magnitude of Growth Episodes.” Economic Modelling 55: 279–291. https://doi.org/10.1016/j.econmod.2016.02.020
   Web of Science ®Google Scholar
• Przeworski, A., R. M. Alvarez, M. E. Alvarez, J. A. Cheibub, F. Limongi, and F. P. L. Neto. 2000. Democracy and Development: Political Institutions and Well-Being in the World, 1950-1990 (No. 3). New York: Cambridge University Press.
   Google Scholar
• Putterman, L. 2013. “Institutions, Social Capability, and Economic Growth.” Economic Systems 37 (3): 345–353. https://doi.org/10.1016/j.ecosys.2012.12.002
   Web of Science ®Google Scholar
• Ravallion, M. 2004. Pro-Poor Growth: A Primer (Policy Research Working PaperNo.3242). Washington, DC: World Bank.
   Google Scholar
• Rodrik, D. 1999. “Where Did All the Growth Go? External Shocks, Social Conflict, and Growth Collapses.” Journal of Economic Growth 4 (4): 358–412. https://doi.org/10.1023/A:1009863208706
   Web of Science ®Google Scholar
• Rodrik, D. 2011. The Future of Economic Convergence (NBER Working Paper No. 17400). Cambridge, MA: National Bureau of Economic Research.
   Google Scholar
• Rodrik, D. 2017. “Premature Deindustrialisation in the Developing World.” Frontiers of Economics in China 12: 1–6.
   Web of Science ®Google Scholar
• Rohne Till, E. 2022. “Is This Time Different? Social Capability and Catch-Up Growth in Ethiopia, 1950–2020.” Journal of International Development 34 (7): 1259–1281.
   Web of Science ®Google Scholar
• Savoia, A., and K. Sen. 2015. “Measurement, Evolution, Determinants, and Consequences of State Capacity: A Review of Recent Research.” Journal of Economic Surveys 29 (3): 441–458. https://doi.org/10.1111/joes.12065
   Web of Science ®Google Scholar
• Sen, A. 1998. “Mortality as an Indicator of Economic Success and Failure.” The Economic Journal 108 (446): 1–25. https://doi.org/10.1111/1468-0297.00270
   Web of Science ®Google Scholar
• Smythe, A., I. Martins, and M. Andersson. 2023. “Inequality, Poverty, and Resilience to Economic Shrinking.” International Journal of Development Issues, ahead-of-print. https://doi.org/10.1108/IJDI-06-2023-0168
   Google Scholar
• Solow, R. M. 1956. “A Contribution to the Theory of Economic Growth.” Quarterly Journal of Economics 70 (1): 65–94. https://doi.org/10.2307/1884513
   Web of Science ®Google Scholar
• Solt, F. 2020. “Measuring Income Inequality Across Countries and Over Time: The Standardized World Income Inequality Database.” Social Science Quarterly 101 (3): 1183–1199. https://doi.org/10.1111/ssqu.12795
   Web of Science ®Google Scholar
• Stiglitz, J. E. 2000. “Capital Market Liberalization, Economic Growth, and Instability.” World Development 28 (6): 1075–1086. https://doi.org/10.1016/S0305-750X(00)00006-1
   Web of Science ®Google Scholar
• The Center for Systemic Peace. 2020. “Polity5 Project, Political Regime Characteristics and Transitions, 1800-2018.” Retrieved from https://www.fraserinstitute.org/economic-freedom/economic-freedom-basics.
   Google Scholar
• The Fraser Institute. 2020. “Data from Economic Freedom of the World: 2020 Annual Report.” Retrieved from https://www.fraserinstitute.org/economic-freedom/economic-freedom-basics.
   Google Scholar
• Temin, P. 1997. “The Golden Age of European Growth: A Review Essay.” European Review of Economic History 1 (1): 127–149. https://doi.org/10.1017/S1361491697000063
   Google Scholar
• Temple, J., and P. A. Johnson. 1998. “Social Capability and Economic Growth.” The Quarterly Journal of Economics 113 (3): 965–990. https://doi.org/10.1162/003355398555711
   Web of Science ®Google Scholar
• Toniolo, G. 1998. “Europe’s Golden Age, 1950-1973: Speculations from a Long-Run Perspective.” The Economic History Review 51 (2): 252–267. https://doi.org/10.1111/1468-0289.00090
   Web of Science ®Google Scholar
• Wade, R. 1990. Governing the Market: Economic Theory and the Role of Government in East Asian Industrialization. New Jersey: Princeton University Press.
   Google Scholar
• World Bank. 1993. The East Asian Miracle: Economic Growth and Public Policy. Washington D.C.: Oxford University Press.
   Google Scholar
• World Bank. 1997. World Development Report 1997: The State in a Changing World. New York: Oxford University Press.
   Google Scholar
• World Bank. 2017. World Development Report 2017: Governance and the Law. The World Bank.
   Google Scholar
• World Bank. 2020a. “World Development Indicators (WDI).” Retrieved from https://datacatalog.worldbank.org/dataset/world-development-indicators.
   Google Scholar
• World Bank. 2020b. “Worldwide Governance Indicators (September 28, 2020).” Retrieved from https://datacatalog.worldbank.org/dataset/worldwide-governance-indicators.
   Google Scholar