Alwyn Young (1994): The Tyranny of Numbers: Confronting t...

Alwyn Young (1994): The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience https://www.nber.org/papers/w4680: 'The fundamental role played by factor accumulation in explaining the extraordinary postwar growth of Hong Kong, Singapore, South Korea and Taiwan.... While the growth of output per capita in these economies has averaged 6% to 7% per annum over the past two and a half decades, the growth of output per effective worker in the non-agricultural sector of these economies has been only 3% to 4% per annum.... Total factor productivity growth rates... are well within the bounds of those experienced by the OECD and Latin American economies over equally long periods of time. While the growth of output and manufacturing exports in the newly industrializing economies of East Asia is virtually unprecedented, the growth of total factor productivity in these economies is not...

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