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Analyzes and applies Lim Chong Yah's S-Curve Hypothesis to the various facets of economic growth and economic transition. This book extends the S-Curve hypothesis to provide insight into economic growth and transition. It utilizes a construction of a stochastic growth model to provide the microeconomic foundation for the S-Curve hypothesis.
Research on Singapore's economic history has been complicated by the absence of economic data on pre-independence Singapore. This book sheds light on two key aspects of Singapore's economic history, namely the relationship between economic instability and growth, as well as the government's fiscal policy towards economic growth.
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