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Empirical Economics

, Volume 57, Issue 2, pp 589–601 | Cite as

Are Asian Dragons and Tigers catching up?

  • Olesia KozlovaEmail author
  • Jose Noguera-Santaella
Article
  • 132 Downloads

Abstract

This paper studies the catching up process in per capita income of the so-called Asian Dragons and Tigers. It contributes to the literature in several ways. First, it tests the catching up hypothesis using the longest time span ever considered, from 1870 to 2014. Second, it documents the experiences of these two groups of countries and provides potential explanations for them. Third, the analysis of the paper uses the Kejriwal and Perron (J Time Ser Anal 31:305–328, 2010) algorithm which allows us to endogenously estimate multiple structural breaks in the level and the trend of the series without prior knowledge of their integration level. This surpasses technical concerns of previous empirical studies. Fourth, it inquiries into how the Asian financial crisis affected the catching up process among the Dragons and Tigers economies.

Keywords

Catching up Structural breaks Asian Dragons Asian Tigers 

JEL Classification

C22 O11 O55 

Notes

Compliance with ethical standards

Conflict of interest

The authors declare that they have no conflict of interest.

Ethical approval

This article does not contain any studies with human or animal subjects performed by any of the authors.

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Copyright information

© Springer-Verlag GmbH Germany, part of Springer Nature 2018

Authors and Affiliations

  1. 1.Department of EconomicsWhittier CollegeWhittierUSA
  2. 2.Department of EconomicsUniversidad de Santiago de ChileSantiagoChile

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