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Productivity lessons for the Asian region

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  • Jungsoo Park, Lawrence Lau

Abstract

This study investigates how the patterns of productivity growth have changed over the past few decades for the Asian economies in comparison with the advanced economies. The findings indicate that the Asian economies are in the process of transition in terms of pattern of growth. It seems that the 4 NIEs have already transitioned from input-based growth to productivity-based growth, and the remaining Asian economies are starting to show signs of transition in the past decade. Scrutinizing the recent trends in human capital, R&D, patent statistics, and inward FDIs, they all indicate that the productivity growth will be stronger in the Asian region than before and will constitute the major basis for growth.

Suggested Citation

  • Jungsoo Park, Lawrence Lau, 2015. "Productivity lessons for the Asian region," Macroeconomics Working Papers 24840, East Asian Bureau of Economic Research.
  • Handle: RePEc:eab:macroe:24840
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    File URL: http://www.eaber.org/node/24840
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    Keywords

    total factor productivity; Asian economies; economic growth;

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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