[1] Paper prepared for the“World Economic Performance: Past,Present and Future -- Long Term Performance and Prospects of Australia and Major Asian Economies”, Seminar on the Occasion of Angus Maddison’s 80th Birthday, 5-6 December, 2006 at School of Economics,University of Queensland,Australia. I am grateful for the help of Shengyu Yi and Yong Chen in the preparation of this paper.