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A Versus K Revisited: Evidence from Selected MENA Countries

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  • Abu-Qarn, Aamer
  • Abu-Bader, Suleiman

Abstract

This paper reconsiders the A versus K debate, namely, which factor is the leading contributor to economic growth? productivity gains (A) or factor accumulation (K). The growth accounting analysis is conducted for ten Middle Eastern and North African (MENA) countries over the period 1960-1998. The long-run share of capital in national income is estimated using cointegration (country-specific) and panel data (region-specific) methods. We find that for most of the countries in our sample the share of capital is much higher than the conventional share of 0.3-0.4. The growth accounting exercise conducted with the incorporation of human capital reveals that for the MENA region the contribution of productivity gains to economic growth is negligible and frequently even detrimental. Thus, we conclude that it is factor (both physical and human) accumulation that drives the economic performance of MENA economies.

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File URL: http://mpra.ub.uni-muenchen.de/1114/
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File URL: http://mpra.ub.uni-muenchen.de/22280/
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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 1114.

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Date of creation: 2005
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Handle: RePEc:pra:mprapa:1114

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Keywords: Growth Accounting; Productivity and Factor Accumulation; MENA; Middle-East; Cointegration; Panel Data;

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  1. Barro, Robert J & Lee, Jong-Wha, 2001. "International Data on Educational Attainment: Updates and Implications," Oxford Economic Papers, Oxford University Press, vol. 53(3), pages 541-63, July.
  2. Young, Alwyn, 1995. "The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience," The Quarterly Journal of Economics, MIT Press, vol. 110(3), pages 641-80, August.
  3. Nehru, Vikram & Swanson, Eric & Dubey, Ashutosh, 1995. "A new database on human capital stock in developing and industrial countries: Sources, methodology, and results," Journal of Development Economics, Elsevier, vol. 46(2), pages 379-401, April.
  4. Psacharopoulos, George, 1993. "Returns to investment in education : a global update," Policy Research Working Paper Series 1067, The World Bank.
  5. Caselli, Francesco & Esquivel, Gerardo & Lefort, Fernando, 1996. " Reopening the Convergence Debate: A New Look at Cross-Country Growth Empirics," Journal of Economic Growth, Springer, vol. 1(3), pages 363-89, September.
  6. Susan M. Collins & Barry P. Bosworth, 1996. "Economic Growth in East Asia: Accumulation versus Assimilation," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 27(2), pages 135-204.
  7. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," NBER Working Papers 3541, National Bureau of Economic Research, Inc.
  8. Abdelhak Senhadji, 2000. "Sources of Economic Growth: An Extensive Growth Accounting Exercise," IMF Staff Papers, Palgrave Macmillan, vol. 47(1), pages 6.
  9. George Psacharopoulos, 1985. "Returns to Education: A Further International Update and Implications," Journal of Human Resources, University of Wisconsin Press, vol. 20(4), pages 583-604.
  10. Barro, Robert J. & Lee, Jong-Wha, 1993. "International comparisons of educational attainment," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 363-394, December.
  11. Gregory Mankiw, 1995. "The Growth of Nations," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 26(1, 25th A), pages 275-326.
  12. World Bank, 2003. "World Development Indicators 2003," World Bank Publications, The World Bank, number 13920, January.
  13. A. Senhadji Semlali, 1999. "Sources of Economic Growth - An Extensive Growth Accounting Exercise," IMF Working Papers 99/77, International Monetary Fund.
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Cited by:
  1. Schalk, Hans Joachim, 2011. "Analysing growth and productivity in Syria by growth accounting," CAWM Discussion Papers 50, Center of Applied Economic Research Münster (CAWM), University of Münster.
  2. Hans Joachim Schalk, . "Analysing Growth and Productivity in Syria by Growth Accounting," Working Papers 201176, Institute of Spatial and Housing Economics, Munster Universitary.

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