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The role of human capital investment for economies in transition : = An alternative view of Taiwan's economic development.

Record Type:	Electronic resources : Monograph/item
Title/Author:	The role of human capital investment for economies in transition :/
Reminder of title:	An alternative view of Taiwan's economic development.
Author:	Cheng, Ming-Chang.
Description:	1 online resource (91 pages)
Notes:	Source: Dissertations Abstracts International, Volume: 57-06, Section: A.
Contained By:	Dissertations Abstracts International57-06A.
Subject:	Demographics. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=9603576click for full text (PQDT)
ISBN:	9798209485599

The role of human capital investment for economies in transition : = An alternative view of Taiwan's economic development.
Cheng, Ming-Chang.

The role of human capital investment for economies in transition :An alternative view of Taiwan's economic development. - 1 online resource (91 pages)

Source: Dissertations Abstracts International, Volume: 57-06, Section: A.

Thesis (Ph.D.)--State University of New York at Buffalo, 1995.

Includes bibliographical references

Ehrlich and Lui in their 1991 paper developed a model of endogenous economic growth in which intergenerational human capital investment is the driving force or "the engine of growth". Based upon their framework, this dissertation will try to provide an empirical examination of the demographic movement during the process of development on Taiwan, Republic of China. This process characterizes an economy in transition from a stagnant equilibrium with a low level of per-capita income, a high level of mortality and fertility to a regime of persistent growth with a high level of income per-capita, and low levels of mortality and fertility. After World War II, the development process of Taiwan, the Republic of China, with high growth rate of per capita income, low unemployment rate, decreasing income inequality and rising savings rate, has attracted the attention of many researchers since the 70's. In this paper, we are not trying to dispute the potential importance of conventional factors such as trade, government policy, savings or foreign aid for Taiwan's economic success. However, most of these theories, at best, only provide an explanation of the level of economic growth achieved in Taiwan, and sometimes overestimate their importance. There still remains a need to provide a proper explanation of the high rates of Taiwan's economic growth in the past forty years. Comparing the data on growth, demographic change, education level, productivity growth and policy during Japanese Occupation period as well as the four and a half decades of Kuomintang-led governments of the Republic of China (ROC), we conclude that human capital has played a key role in Taiwan's economic development and that Taiwan's economic take-off has begun much earlier than the conventional wisdom has suggested. Our study shows an alternative view concerning the process of development and the persistent rate of growth in Taiwan. This view is capable of explaining not just the Taiwanese experience, but also that of other Asian Tigers, and most other economies that have undergone a transition from a low-level growth equilibrium into a regime of persistent, self-sustaining growth.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2023

Mode of access: World Wide Web

ISBN: 9798209485599Subjects--Topical Terms:

3540640
Demographics.
Subjects--Index Terms:

ChinaIndex Terms--Genre/Form:

542853
Electronic books.

The role of human capital investment for economies in transition : = An alternative view of Taiwan's economic development.
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504 $a Includes bibliographical references
520 $a Ehrlich and Lui in their 1991 paper developed a model of endogenous economic growth in which intergenerational human capital investment is the driving force or "the engine of growth". Based upon their framework, this dissertation will try to provide an empirical examination of the demographic movement during the process of development on Taiwan, Republic of China. This process characterizes an economy in transition from a stagnant equilibrium with a low level of per-capita income, a high level of mortality and fertility to a regime of persistent growth with a high level of income per-capita, and low levels of mortality and fertility. After World War II, the development process of Taiwan, the Republic of China, with high growth rate of per capita income, low unemployment rate, decreasing income inequality and rising savings rate, has attracted the attention of many researchers since the 70's. In this paper, we are not trying to dispute the potential importance of conventional factors such as trade, government policy, savings or foreign aid for Taiwan's economic success. However, most of these theories, at best, only provide an explanation of the level of economic growth achieved in Taiwan, and sometimes overestimate their importance. There still remains a need to provide a proper explanation of the high rates of Taiwan's economic growth in the past forty years. Comparing the data on growth, demographic change, education level, productivity growth and policy during Japanese Occupation period as well as the four and a half decades of Kuomintang-led governments of the Republic of China (ROC), we conclude that human capital has played a key role in Taiwan's economic development and that Taiwan's economic take-off has begun much earlier than the conventional wisdom has suggested. Our study shows an alternative view concerning the process of development and the persistent rate of growth in Taiwan. This view is capable of explaining not just the Taiwanese experience, but also that of other Asian Tigers, and most other economies that have undergone a transition from a low-level growth equilibrium into a regime of persistent, self-sustaining growth.
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