{
  "title": "IMF Staff Papers, Volume 50, No. 2",
  "publication": "IMF Staff Papers, July 11, 2003",
  "sourceUrl": "https://www.imf.org/en/publications/imf-staff-papers/issues/2016/12/30/imf-staff-papers-volume-50-no-16308",
  "canonical": "https://www.imf.org/en/publications/imf-staff-papers/issues/2016/12/30/imf-staff-papers-volume-50-no-16308",
  "overlayPath": "/en/publications/imf-staff-papers/issues/2016/12/30/imf-staff-papers-volume-50-no-16308/index.md",
  "summary": "This paper examines sources of economic growth in East Asia. The conventional growth-accounting approach to estimating the sources of economic growth requires unrealistically strong assumptions about either competitiveness of factor markets or the form of the underlying aggregate production function",
  "sections": [
    {
      "heading": "Study focus and context",
      "content": "- Examines sources of economic growth in East Asia.\n- Critiques the conventional growth-accounting approach for requiring unrealistically strong assumptions about either competitiveness of factor markets or the form of the underlying aggregate production function.\n- Outlines a new approach utilizing nonparametric derivative estimation techniques that does not require imposing these restrictive assumptions."
    },
    {
      "heading": "Methodology",
      "content": "- Introduces nonparametric derivative estimation techniques as an alternative to parametric growth-accounting methods.\n- Emphasizes avoiding restrictive assumptions on factor-market competitiveness and the aggregate production function."
    },
    {
      "heading": "Key findings",
      "content": "- Output elasticities of capital and labor tend to be different from the income shares of these factors for East Asian countries.\n- The paper explores the compensating potential of private intergenerational transfers."
    },
    {
      "heading": "Subject areas and keywords",
      "content": "- Subject: Aging, Balance of payments, Current account deficits, Demographic change, Financial crises, Financial institutions, Population and demographics, Production, Stocks, Total factor productivity\n- Keywords: Africa, Aging, Current account deficits, East Asia, financing constraint, Global, government benevolence, incumbent government, investment function, market distortion, North America, ruling elite, SP, Stocks, Sub-Saharan Africa, Total factor productivity\n\n---\n\n\nSource: https://www.imf.org/en/publications/imf-staff-papers/issues/2016/12/30/imf-staff-papers-volume-50-no-16308"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/imf-staff-papers/issues/2016/12/30/imf-staff-papers-volume-50-no-16308/index.md)",
    "[Structured JSON version](/en/publications/imf-staff-papers/issues/2016/12/30/imf-staff-papers-volume-50-no-16308/index.json)",
    "[Bundle manifest](/en/publications/imf-staff-papers/issues/2016/12/30/imf-staff-papers-volume-50-no-16308/bundle-manifest.json)",
    "Authors: Robert P Flood",
    "Published: July 11, 2003",
    "Series: IMF Staff Papers",
    "Volume: 50",
    "DOI: https://doi.org/10.5089/9781589062023.024",
    "Examines sources of economic growth in East Asia.",
    "Critiques the conventional growth-accounting approach for requiring unrealistically strong assumptions about either competitiveness of factor markets or the form of the underlying aggregate production function.",
    "Outlines a new approach utilizing nonparametric derivative estimation techniques that does not require imposing these restrictive assumptions.",
    "Introduces nonparametric derivative estimation techniques as an alternative to parametric growth-accounting methods.",
    "Emphasizes avoiding restrictive assumptions on factor-market competitiveness and the aggregate production function.",
    "Output elasticities of capital and labor tend to be different from the income shares of these factors for East Asian countries.",
    "The paper explores the compensating potential of private intergenerational transfers.",
    "Subject: Aging, Balance of payments, Current account deficits, Demographic change, Financial crises, Financial institutions, Population and demographics, Production, Stocks, Total factor productivity",
    "Keywords: Africa, Aging, Current account deficits, East Asia, financing constraint, Global, government benevolence, incumbent government, investment function, market distortion, North America, ruling elite, SP, Stocks, Sub-Saharan Africa, Total factor productivity"
  ],
  "alternates": {
    "markdown": "/en/publications/imf-staff-papers/issues/2016/12/30/imf-staff-papers-volume-50-no-16308/index.md",
    "json": "/en/publications/imf-staff-papers/issues/2016/12/30/imf-staff-papers-volume-50-no-16308/index.json",
    "bundleManifest": "/en/publications/imf-staff-papers/issues/2016/12/30/imf-staff-papers-volume-50-no-16308/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-21T15:05:46.198Z"
}