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Growth Accounting, Growth Theory and the East Asian Miracle

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  • Robertson, P.E.

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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Bibliographic 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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Postal: THE UNIVERSITY OF NEW SOUTH WALES, SCHOOL OF ECONOMICS, P.O.B. 1 KENSINGTON, NEW SOUTH WALES 2033 AUSTRALIA.
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Web page: http://www.economics.unsw.edu.au/
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Keywords: CONVERGENCE ; ECONOMIC DEVELOPMENT ; EAST ASIA ; ECONOMIC GROWTH;

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Cited by:
  1. Sarath Delpachitra & Pham Van Dai, 2012. "The Determinants of TFP Growth in Middle Income Economies in ASEAN: Implication of Financial Crises," International Journal of Business and Economics, College of Business, and College of Finance, Feng Chia University, Taichung, Taiwan, vol. 11(1), pages 63-88, June.
  2. Irz, Xavier T. & Roe, Terry L., 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).
  3. Lin, Pei-Chien & Roe, Terry L., 1999. "Growth Theory And Accounting For Growth Of The Taiwanese Economy," Bulletins 12968, University of Minnesota, Economic Development Center.

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