Hill, Hal; Hill, Sam
This paper attempts to distil the key conclusions from the very large literature on the empirics of growth and to apply them to the development record of the five major Southeast Asian economies for which we have reasonably long-term data - Indonesia, Malaysia, The Philippines, Singapore and Thailand. These five display a considerable range of development outcomes, ranging from consistently high growth, to episodes of boom and crisis, and to low average growth. After estimating a series of...[Show more]
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