This paper surveys the empirical literature on total factor productivity (TFP) and the sources of growth in the East … propelled growth in the region. The paper discusses the main theoretical aspects in the estimation of TFP growth, as well as the … empirical results, and provides a survey of estimates of TFP growth for nine East and Southeast Asian countries. …

A key legacy of the Asian financial crisis of 1997-1998 is a sustained drop-off in the investment rates of East Asian … countries that were hardest hit by the crisis. We first review the stylized facts of investment in those countries, and then … explore and evaluate the various possible explanations for the decline in investment. In our empirical analysis, which expands …

technical assistance and promote private sector investment that benefits the poor and lower-income groups in Asia and the …