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Growth Accounting, Growth Theory and the East Asian Miracle

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Author Info
Robertson, P.E.

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Abstract

This paper develops a method for interpreting growth accounting studies in terms of the neoclassical growth model. In particular it shows that the growth accounting contribution of capital reflects the distance of the economy form its steady state income level. The method is applied to studies of the East Asian economies by Young (1995) and Collins and Bosworth (1996). Contrary to the usual interpretation of these data, it is shown that the data support the argument made by King and Rebelo (1993).

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Publisher Info
Paper provided by New South Wales - School of Economics in its series Papers with number 98/11.

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Length: 22 pages
Date of creation: 1998
Date of revision:
Handle: RePEc:fth:nesowa:98/11

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Related research
Keywords: CONVERGENCE ; ECONOMIC DEVELOPMENT ; EAST ASIA ; ECONOMIC GROWTH;

Find related papers by JEL classification:
O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
O1 - Economic Development, Technological Change, and Growth - - Economic Development
O30 - Economic Development, Technological Change, and Growth - - Technological Change - - - General
O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

Cited by:
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  1. Irz, Xavier & Roe, Terry, 2000. "Growth Pattern, Sustainability And Trade In A Land Constrained Economy," 2000 Annual meeting, July 30-August 2, Tampa, FL 21762, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  2. Lin, Pei-Chien & Roe, Terry, 1999. "Growth Theory And Accounting For Growth Of The Taiwanese Economy," Bulletins 12968, University of Minnesota, Economic Development Center. [Downloadable!]
Statistics
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