What is the Long Run Growth Rate of the East Asian Tigers?
AbstractNew panel data estimates for the four East Asian Tigers show that the contribution of total factor productivity (TFP) to growth is much higher than past estimates. An extended production function with learning by doing implies that TFP is about 3.5% and these countries will grow at this rate in the long run.
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Bibliographic InfoPaper provided by Economics and Econometrics Research Institute (EERI), Brussels in its series EERI Research Paper Series with number EERI_RP_2010_04.
Date of creation: 04 Jan 2010
Date of revision:
Asian Tigers; Systems Dynamic GMM; Growth Accounting; Factor Accumulation as Residual.;
Other versions of this item:
- B. Bhaskara Rao & Artur Tamazian & Rup Singh, 2010. "What is the long run growth rate of the East Asian Tigers?," Applied Economics Letters, Taylor & Francis Journals, Taylor & Francis Journals, vol. 17(12), pages 1205-1208.
- Rao, B. Bhaskara & Tamazian, Artur & Singh, Rup, 2009. "What is the Long Run Growth Rate of the East Asian Tigers?," MPRA Paper 12668, University Library of Munich, Germany.
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
- N1 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-03-20 (All new papers)
- NEP-EFF-2010-03-20 (Efficiency & Productivity)
- NEP-SEA-2010-03-20 (South East Asia)
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