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Persistence of economic growth and its determinants: some evidence for South Korea and India

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  • Sadequl Islam

Abstract

This paper examines time-series properties of economic growth and its key determinants for South Korea and India. The paper adopts a non-parametric method suggested by Cochrane (1988) and used by Campbell and Mankiw (1987) and Romer (1991), among others, to measure the persistence of economic growth and its determinants. The empirical evidence suggests that the rate has been more persistent in South Korea than in India.

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  • Sadequl Islam, 1996. "Persistence of economic growth and its determinants: some evidence for South Korea and India," Applied Economics Letters, Taylor & Francis Journals, vol. 3(1), pages 53-54.
    • Handle: RePEc:taf:apeclt:v:3:y:1996:i:1:p:53-54
    DOI: 10.1080/758525517
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    References listed on IDEAS

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    1. Ito, Takatoshi & Krueger, Anne O. (ed.), 1995. "Growth Theories in Light of the East Asian Experience," National Bureau of Economic Research Books, University of Chicago Press, edition 1, number 9780226386706.
    2. Takatoshi Ito & Anne O. Krueger, 1995. "Introduction to "Growth Theories in Light of the East Asian Experience, NBER-EASE volume 4"," NBER Chapters, in: Growth Theories in Light of the East Asian Experience, NBER-EASE Volume 4, pages 1-6 National Bureau of Economic Research, Inc.
    3. Christina D. Romer, 1991. "The Cyclical Behavior of Individual Production Series, 1889–1984," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(1), pages 1-31.
    4. Cochrane, John H, 1988. "How Big Is the Random Walk in GNP?," Journal of Political Economy, University of Chicago Press, vol. 96(5), pages 893-920, October.
    5. Takatoshi Ito & Anne O. Krueger, 1995. "Growth Theories in Light of the East Asian Experience," NBER Books, National Bureau of Economic Research, Inc, number ito_95-2.
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    Cited by:

    1. David Greasley & Les Oxley, 1997. "Shock Persistence and Structural Change," The Economic Record, The Economic Society of Australia, vol. 73(223), pages 348-362, December.

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