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This paper uses regime-switching techniques to examine the similarities of GDP growth-cycle features of 10 East Asian countries. A third regime of rapid growth is relevant for most countries. In Japan, South Korea and Taiwan, there was no secular slowdown in growth since the rapid-growth regime re-emerged at some stage. Japan is special since it shares each of its features with different countries, while China shares almost all its features with most countries. Finally, the same countries that were correlated with Japan in the 1980s have been linked with China since the 1990s. Copyright © 2005 John Wiley & Sons, Ltd. [ABSTRACT FROM AUTHOR]

The paper attempts to combine the traditional learning model with the recent theory of economic growth using Maddison's long-run real GDP per capita data of the three fastest growing countries in East Asia: Korea, Taiwan, and Japan. The authors first explain games of catching-up among nations, and then explain the learning coefficients of Taiwan and Korea with Japan and the United States through periods before and after World War II. The model of leaning leads to the logistic model of economic growth of convergence between two countries. Using time-series data, the coefficients of a logistic model are estimated to confirm that the real GDP per capita of Taiwan and Korea are converging to that of Japan and the United States, respectively. Similarly, Japan's GDP per capita converges to that of the United States. The time required for finite convergence for these countries is also estimated. [ABSTRACT FROM AUTHOR]