What has luck got to do with economic development? An interpretation of resurgent Asia's growth experience

• المؤلفون الرئيسيون: LEUNG, Hing-Man, TAN, Swee Liang, YANG, Zhenlin
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2003
• الموضوعات: Asia; Luck; Growth; Learning-by-investing; Asian Studies; Growth and Development
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soe_research/1183; https://ink.library.smu.edu.sg/context/soe_research/article/2182/viewcontent/LuckandGrowth.pdf

This paper critically reexamines the belief, currently gathering strength in the literature, that economic development depends on good luck rather than on good policy, and that Prometheus is “unchained by chance”. While it is impossible to disprove the role of luck in growth, we argue that luck is e...