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Sources of Economic Growth in East Asia; A Nonparametric Assessment

Author

Listed:
  • Mohsin S. Khan
  • Shigeru Iwata
  • Hiroshi Murao

Abstract

The conventional growth-accounting approach to estimating the sources of economic growth requires unrealistically strong assumptions about the competitiveness of factor markets and the form of the underlying aggregate production function. This paper outlines a new approach utilizing nonparametric derivative estimation techniques that does not require imposing these restrictive assumptions. The results for East Asian countries show that output elasticities of capital and labor are different from the income shares of these factors, and that the growth of total factor productivity over the period 1960-95 has been an important factor in the overall growth performance of these countries.

Suggested Citation

  • Mohsin S. Khan & Shigeru Iwata & Hiroshi Murao, 2002. "Sources of Economic Growth in East Asia; A Nonparametric Assessment," IMF Working Papers 02/13, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:02/13
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    Cited by:

    1. Park, Jungsoo, 2012. "Total factor productivity growth for 12 Asian economies: The past and the future," Japan and the World Economy, Elsevier, vol. 24(2), pages 114-127.
    2. Dalia S Hakura, 2004. "Growth in the Middle East and North Africa," IMF Working Papers 04/56, International Monetary Fund.
    3. Garbis Iradian, 2007. "Rapid Growth in Transition Economies; Growth-Accounting Approach," IMF Working Papers 07/164, International Monetary Fund.
    4. Jungsoo Park & Hang Ryu, 2006. "Accumulation, Technical Progress, and Increasing Returns in the Economic Growth of East Asia," Journal of Productivity Analysis, Springer, vol. 25(3), pages 243-255, June.
    5. Nakar Djindil Syntiche & Tabo Symphorien Ndang & Toinar Mogota Anatole, 2007. "A qui profitent les dépenses sociales au Tchad? Une analyse d'incidence à partir des données d'enquête," Working Papers PMMA 2007-11, PEP-PMMA.
    6. Graham Bird, 2004. "Growth, poverty and the IMF," Journal of International Development, John Wiley & Sons, Ltd., vol. 16(4), pages 621-636.

    More about this item

    Keywords

    East Asia; TFP growth; nonparametric regression; tfp; economic growth; growth rate; standard errors; growth rates; Semiparametric and Nonparametric Methods; Economywide Country Studies: Asia including Middle East;

    JEL classification:

    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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