Introduction and overview -- Microeconomic foundation of the S-curve hypothesis: a stochastic technological diffusion model -- Testing of growth convergence and economic transition under the framework of the S-curve hypothesis -- Hypothesis of the S-curve of capital accumulation and its implied capital-output ratios -- S-curves of Singapore and japan
Summary
This book is the first of its kind to systematically analyze and apply Lim Chong Yah's S-Curve Hypothesis to the various facets of economic growth and economic transition. By augmenting the mathematical and economical sophistication of the hypothesis, this book extends the S-Curve hypothesis to provide further insight into economic growth and transition. It also utilizes a construction of a stochastic growth model to provide the microeconomic foundation for the S-Curve hypothesis. This model resolves the puzzle of why some developing countries experience economic take-off, while others do not
Bibliography
Includes bibliographical references (pages 123-127) and index
