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Paradigmatic Shifts in Policies, Evolution of the Political Economy, and the Lost Decade in Growth Performance

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Lost Decades in Growth Performance

Part of the book series: Palgrave Macmillan Studies in Economics and Banking ((PMSEB))

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Abstract

This concluding chapter wraps up the discussion of the lost decade phenomenon in two ways. One is by introducing the concept of paradigmatic shifts in economic policies, which could be long-term institutional changes or short-term demand management, to the regression analysis of the lost decade in growth performance. The other goes one step further by bringing analyses from cross-country econometrics to the dynamic evolution of the entire political and economic process and applying such a framework to the cases of Taiwan and South Korea.

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  1. Yun-Peng Chu
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Chu, YP. (2015). Paradigmatic Shifts in Policies, Evolution of the Political Economy, and the Lost Decade in Growth Performance. In: Chu, YP. (eds) Lost Decades in Growth Performance. Palgrave Macmillan Studies in Economics and Banking. Palgrave Macmillan, London. https://doi.org/10.1057/9781137478757_7

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