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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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:

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. 02/13

Subject:

English

Publication Date:

January 1, 2002

ISBN/ISSN:

9781451843019/1018-5941

Stock No:

WPIEA0132002

Format:

Paper

Pages:

28

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