Seminar by Ian Coxhead: Lucky Countries? Internal and External Sources of Southeast Asian Growth

For several decades, the economies of Southeast Asia have experienced average per capita GDP growth rates second only to the People's Republic of China (PRC), and much higher than any other major world region. This seminar will examine the sources of this growth and whether Southeast Asian economies share a common growth path with the rest of the developing world. The two prominent features of virtually every Asian regional growth narrative are openness to international trade and factor flows, and spillovers from growth booms in large regional economies like Japan and the PRC--which have not received adequate attention in quantitative growth analyses founded on the closed-economy Solow model.

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