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ADB Economics Working Paper Series Economic Growth in Asia: Determinants and Prospects Jong-Wha Lee and Kiseok Hong No. 220 | September 2010 ADB Economics Working Paper Series No. 220 Economic Growth in Asia: Determinants and Prospects Jong-Wha Lee and Kiseok Hong September 2010 Jong-Wha Lee is Chief Economist of the Asian Development Bank and Professor of Economics at Korea University. Kiseok Hong is Professor of Economics at Ewha Women’s University. This paper was prepared under the Asian Development Bank’s TA7470-REG: Long-term Projections of Asian GDP and Trade. The authors thank the participants in the workshops in Seoul and Hong Kong, China for helpful comments, and Lea Sumulong for excellent research assistance. The views expressed in this paper are those of the authors and do not necessarily reflect the views or policies of the Asian Development Bank or its Board of Governors or the governments they represent. Asian Development Bank 6 ADB Avenue, Mandaluyong City 1550 Metro Manila, Philippines www.adb.org/economics ©2010 by Asian Development Bank September 2010 ISSN 1655-5252 Publication Stock No. WPS102522 The views expressed in this paper are those of the author(s) and do not necessarily reflect the views or policies of the Asian Development Bank. The ADB Economics Working Paper Series is a forum for stimulating discussion and eliciting feedback on ongoing and recently completed research and policy studies undertaken by the Asian Development Bank (ADB) staff, consultants, or resource persons. The series deals with key economic and development problems, particularly those facing the Asia and Pacific region; as well as conceptual, analytical, or methodological issues relating to project/program economic analysis, and statistical data and measurement. The series aims to enhance the knowledge on Asia’s development and policy challenges; strengthen analytical rigor and quality of ADB’s country partnership strategies, and its subregional and country operations; and improve the quality and availability of statistical data and development indicators for monitoring development effectiveness. The ADB Economics Working Paper Series is a quick-disseminating, informal publication whose titles could subsequently be revised for publication as articles in professional journals or chapters in books. The series is maintained by the Economics and Research Department.
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