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Accounting for Recent Economic Growth in Southeast Asia

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  • Ulrich Kohli

Abstract

This paper identifies the major factors explaining GDP growth in a number of Southeast Asian countries during the 1980s and early 90s. Estimates of the contribution of technological change, increases in the endowments of labor and capital, movements in the terms of trade, and changes in domestic output prices are reported for Hong Kong, Japan, South Korea, the Philippines, and Thailand. Partial results for Indonesia and Malaysia are also shown. An index number approach is used; it has a tight theoretical foundation, being based on the GNP/GDP function approach to modeling the production sector of an open economy.

Suggested Citation

  • Ulrich Kohli, 1997. "Accounting for Recent Economic Growth in Southeast Asia," Review of Development Economics, Wiley Blackwell, vol. 1(3), pages 245-256, October.
    • Handle: RePEc:bla:rdevec:v:1:y:1997:i:3:p:245-256
    DOI: 10.1111/1467-9361.00017
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    Cited by:

    1. 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.
    2. Hiau Looi Kee, 2005. "Productivity or Endowments? Sectoral Evidence for Hong Kong's Aggregate Growth," Asian Economic Journal, East Asian Economic Association, vol. 19(1), pages 51-81, March.

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