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What is the Long Run Growth Rate of the East Asian Tigers?

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  • Rao, B. Bhaskara
  • Tamazian, Artur
  • Singh, Rup

Abstract

New 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 Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 12668.

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Date of creation: Jan 2009
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Handle: RePEc:pra:mprapa:12668

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Keywords: Asian Tigers; Systems Dynamic GMM; Growth Accounting; Factor Accumulation as Residual;

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  1. Arellano, Manuel & Bover, Olympia, 1995. "Another look at the instrumental variable estimation of error-components models," Journal of Econometrics, Elsevier, vol. 68(1), pages 29-51, July.
  2. Rao, B. Bhaskara, 2007. "Estimates of the steady state growth rates for selected Asian countries with an endogenous growth framework," MPRA Paper 2389, University Library of Munich, Germany.
  3. Jong-il Kim, 2002. "Total Factor Productivity Growth in East Asia: Implications for the Future," Asian Economic Papers, MIT Press, vol. 1(2), pages 50-70.
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Cited by:
  1. Sami Ben Mim (ERUDITE) & Fatma Mabrouk (GREThA, CNRS, UMR 5113), 2011. "Remittances and economic growth: what channels of transmission? (In French)," Cahiers du GREThA 2011-28, Groupe de Recherche en Economie Théorique et Appliquée.
  2. Rao, B. Bhaskara & Cooray, Arusha & Hassan, Gazi Mainul, 2011. "Growth effects of education with the extreme bounds analysis: some evidence from Asia," MPRA Paper 32279, University Library of Munich, Germany.

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