{
  "title": "Sources of Economic Growth in East Asia: A Nonparametric Assessment",
  "publication": "IMF Working Papers, January 1, 2002",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/30/sources-of-economic-growth-in-east-asia-a-nonparametric-assessment-15585",
  "canonical": "https://www.imf.org/en/publications/wp/issues/2016/12/30/sources-of-economic-growth-in-east-asia-a-nonparametric-assessment-15585",
  "overlayPath": "/en/publications/wp/issues/2016/12/30/sources-of-economic-growth-in-east-asia-a-nonparametric-assessment-15585/index.md",
  "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.",
  "sections": [
    {
      "heading": "Summary",
      "content": "- The conventional growth-accounting approach requires unrealistically strong assumptions about:\n  - competitiveness of factor markets, and\n  - the form of the underlying aggregate production function.\n- This paper outlines a new approach utilizing nonparametric derivative estimation techniques that does not require imposing these restrictive assumptions.\n- Results for East Asian countries indicate:\n  - output elasticities of capital and labor are different from the income shares of these factors, and\n  - the growth of total factor productivity over the period 1960-95 has been an important factor in the overall growth performance of these countries."
    },
    {
      "heading": "Methodology",
      "content": "- Approach: nonparametric derivative estimation techniques.\n- Contrast: avoids the restrictive assumptions inherent in conventional growth-accounting and aggregate production function approaches.\n- Technical elements mentioned:\n  - nonparametric derivative estimate\n  - nonparametric derivative estimation method\n  - nonparametric derivative estimation technique\n  - nonparametric estimate\n  - nonparametric estimation approach\n  - nonparametric estimation method\n  - nonparametric regression\n  - second-order Taylor approximation"
    },
    {
      "heading": "Key Findings",
      "content": "- Output elasticities of capital and labor differ from the income shares of these factors.\n- Total factor productivity (TFP) growth from 1960-95 was an important contributor to East Asia’s overall growth performance."
    },
    {
      "heading": "Subject Areas and Keywords",
      "content": "- Subject: Econometric analysis, Estimation techniques, Income, Labor, Labor share, National accounts, Production, Total factor productivity\n- Keywords include: aggregate production function approach, East Asia, Estimation techniques, growth accounting estimate, Income, income share, income share estimate, Labor share, nonparametric derivative estimate, nonparametric regression, output elasticity, second-order Taylor approximation, TFP growth, Total factor productivity, WP\n\n---\n\n Content in this bundle\n\n- Sources of  Economic Growth in East Asia: A Nonparametric Assessment - WP/02/13\n  - Sources of  Economic Growth in East Asia: A Nonparametric Assessment - WP/02/13 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Sources of  Economic Growth in East Asia: A Nonparametric Assessment - WP/02/13 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/30/sources-of-economic-growth-in-east-asia-a-nonparametric-assessment-15585"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/wp/issues/2016/12/30/sources-of-economic-growth-in-east-asia-a-nonparametric-assessment-15585/index.md)",
    "[Structured JSON version](/en/publications/wp/issues/2016/12/30/sources-of-economic-growth-in-east-asia-a-nonparametric-assessment-15585/index.json)",
    "[Bundle manifest](/en/publications/wp/issues/2016/12/30/sources-of-economic-growth-in-east-asia-a-nonparametric-assessment-15585/bundle-manifest.json)",
    "Authors: Mohsin S. Khan, Shigeru Iwata, Hiroshi Murao",
    "Published: January 1, 2002",
    "Series: IMF Working Papers",
    "The conventional growth-accounting approach requires unrealistically strong assumptions about:",
    "This paper outlines a new approach utilizing nonparametric derivative estimation techniques that does not require imposing these restrictive assumptions.",
    "Results for East Asian countries indicate:",
    "Approach: nonparametric derivative estimation techniques.",
    "Contrast: avoids the restrictive assumptions inherent in conventional growth-accounting and aggregate production function approaches.",
    "Technical elements mentioned:",
    "Output elasticities of capital and labor differ from the income shares of these factors.",
    "Total factor productivity (TFP) growth from 1960-95 was an important contributor to East Asia’s overall growth performance.",
    "Subject: Econometric analysis, Estimation techniques, Income, Labor, Labor share, National accounts, Production, Total factor productivity",
    "Keywords include: aggregate production function approach, East Asia, Estimation techniques, growth accounting estimate, Income, income share, income share estimate, Labor share, nonparametric derivative estimate, nonparametric regression, output elasticity, second-order Taylor approximation, TFP growth, Total factor productivity, WP",
    "**Sources of  Economic Growth in East Asia: A Nonparametric Assessment - WP/02/13**"
  ],
  "related": [
    {
      "title": "Sources of  Economic Growth in East Asia: A Nonparametric Assessment - WP/02/13",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/wp/2002/_wp0213.pdf",
      "summary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/wp/2002/_wp0213.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/wp/2002/_wp0213.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/wp/issues/2016/12/30/sources-of-economic-growth-in-east-asia-a-nonparametric-assessment-15585/index.md",
    "json": "/en/publications/wp/issues/2016/12/30/sources-of-economic-growth-in-east-asia-a-nonparametric-assessment-15585/index.json",
    "bundleManifest": "/en/publications/wp/issues/2016/12/30/sources-of-economic-growth-in-east-asia-a-nonparametric-assessment-15585/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-17T07:32:05.661Z"
}