2005
DOI: 10.1093/0199272700.001.0001
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Development Economics

Abstract: This book provides a comprehensive, coherent, and optimistic overview on development economics, with an emphasis on East Asia. It is a fully revised and updated third edition, building on the strengths of the previous editions and providing up to date analyses of several recent changes and newly emerged problems relevant to the global economy. These include coverage of crises in Latin America; the recovery of East Asia from the 1997-98 financial crisis; the development of the 'Post-Washington Consensus' and th… Show more

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Cited by 120 publications
(23 citation statements)
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“…From this result, we can categorise four growth patterns in China: (1) growth has been attained by a large contribution of increasing capital stock and a high increase in TFP (Fujian and Guandong); (2) growth can be attributed solely to capital stock due to the high estimated value of capital share (around 0.9) in production function (Shanghai and Zejiang); (3) growth has been attained by the overall contribution of capital, physical labour, human capital input and TFP, accompanied by a substantial decrease in employment in the agricultural sector (Hubei and Henan); and (4) growth has been attained mostly through capital and labour with negative or nearly zero value of TFP contribution (Jianxi or Hunan). 4 Hayami (1997) helps to interpret these results. The paper emphasised two patterns of economic growth; the first is the 'Marxist type' which means that the modern industrial sector plays the role of engine of economic growth with high-level capital inputs, and the second is the 'Kuznets type' which means that an improvement of industrial intellectuality and expansion of the service industry play key roles as engines of economic growth.…”
Section: A Results Of Estimation and Decomposition Of Gdp Growthmentioning
confidence: 88%
“…From this result, we can categorise four growth patterns in China: (1) growth has been attained by a large contribution of increasing capital stock and a high increase in TFP (Fujian and Guandong); (2) growth can be attributed solely to capital stock due to the high estimated value of capital share (around 0.9) in production function (Shanghai and Zejiang); (3) growth has been attained by the overall contribution of capital, physical labour, human capital input and TFP, accompanied by a substantial decrease in employment in the agricultural sector (Hubei and Henan); and (4) growth has been attained mostly through capital and labour with negative or nearly zero value of TFP contribution (Jianxi or Hunan). 4 Hayami (1997) helps to interpret these results. The paper emphasised two patterns of economic growth; the first is the 'Marxist type' which means that the modern industrial sector plays the role of engine of economic growth with high-level capital inputs, and the second is the 'Kuznets type' which means that an improvement of industrial intellectuality and expansion of the service industry play key roles as engines of economic growth.…”
Section: A Results Of Estimation and Decomposition Of Gdp Growthmentioning
confidence: 88%
“…Unlike in the non-agricultural sector, technology adoption is not easy to implement in agriculture. This is primarily due to the fact that agriculture is strongly constrained by environmental conditions, which makes it difficult to transfer advanced technologies developed in the temperate zone to the tropical zone (Hayami and Godo, 2005). Hence, to facilitate TFP growth in agriculture it is essential to develop the appropriate adoptive research, along with the mechanisms to later diffuse the new technologies.…”
Section: Technology Adoption and Innovation In The Agricultural Sectormentioning
confidence: 99%
“…This has led to a poor maintenance and misuse and threatened the main developmental goals. Community-Based Water Supply (CBWS) management is one the many interventions designed to address the rural domestic water supply and sustainability problem and has gained considerable prominence since the late 1980s [1]. CBWS management is now is the most important tool to deliver greater access, equity and sustainability in service delivery including the sub-Saharan African region where the slowest progress towards meeting the MDG targets in rural domestic water supply has so far been registered [2].…”
Section: Introductionmentioning
confidence: 99%