Growth and Productivity in Asean Countries

August 1, 1997

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Michael Sarel. Growth and Productivity in Asean Countries, (USA: International Monetary Fund, 1997) accessed March 17, 2025

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This study examines the nature of the growth process in the ASEAN countries, and particularly whether it has been generated primarily by more inputs or by productivity gains. It uses internationally comparable data and explores an alternative method for estimating the capital and labor factor shares. The results, contradicting some previous studies, indicate a very impressive growth rate of TFP in Singapore, Thailand, and Malaysia, a relatively strong rate for Indonesia, and a negative rate for the Philippines. This study argues that the results of previous studies were driven mainly by the fact that they relied on national accounts data for measures of various variables and, in particular, the factor income shares of capital and labor.

Subject: Economic growth, Expenditure, Growth accounting, National accounts, Production, Production growth, Public expenditure review, Total factor productivity

Keywords: ASEAN, Capital share, East Asia, Factor share, Growth, Growth accounting, Growth rate, Income share, Production growth, Productivity, Public expenditure review, Share, Southeast Asia, TFP, TFP estimate, TFP level, Total factor productivity, WP

Publication Details

Pages:

50
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 1997/097
Stock No:

WPIEA0971997
ISBN:

9781451851984
ISSN:

1018-5941

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