Sources of Economic Growth in East Asia: A Nonparametric Assessment

Author/Editor:

Mohsin S. Khan ; Shigeru Iwata ; Hiroshi Murao

Publication Date:

January 1, 2002

Electronic Access:

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Summary:

The conventional growth-accounting approach to estimating the sources of economic growth requires unrealistically strong assumptions about the competitiveness of factor markets and the form of the underlying aggregate production function. This paper outlines a new approach utilizing nonparametric derivative estimation techniques that does not require imposing these restrictive assumptions. The results for East Asian countries show that output elasticities of capital and labor are different from the income shares of these factors, and that the growth of total factor productivity over the period 1960-95 has been an important factor in the overall growth performance of these countries.

Series:

Working Paper No. 2002/013

Subject:

Econometric analysis Estimation techniques Income Labor Labor share National accounts Production Total factor productivity

English

Publication Date:

January 1, 2002

ISBN/ISSN:

9781451843019/1018-5941

Stock No:

WPIEA0132002

Pages:

28

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