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The present paper undertakes a decomposition analysis of the output growth of Indian manufacturing sector. Such an exercise becomes important in view of the non-sustainability of growth proposed by Krugman for the East Asian countries. As the law of diminishing returns to factor inputs is...
Persistent link: https://www.econbiz.de/10005561851
This paper utilizes the growth accounting framework to derive and analyze the relationship between the rate of growth of output and the ratio of investment to output. With plausible parametric assumptions this framework is used to examine the recent controversy in Fiji on investment and growth....
Persistent link: https://www.econbiz.de/10005126307
, using a dynamic specification of Total Factor Productivity (TFP). In order to facilitate comparisons we compare the results …
Persistent link: https://www.econbiz.de/10005412664
In growth and development policy investment ratio is an important policy instrument. However, there is no well defined framework to determine what should be the investment ratio for a given growth target. This paper explains the potential of Solow (1956) and Solow (1957) to explain the...
Persistent link: https://www.econbiz.de/10005561245
productivity performance in the 1990s and the contribution to labour productivity growth was at least as strong as it was in the US …. Australia generated a productivity improvement of 1.1 per cent from information and communication technology use and other …
Persistent link: https://www.econbiz.de/10005062448
Views of the future China vary widely. While some believe that the collapse of China is inevitable, others see the emergence of a new superpower that increasingly poses a threat to the U.S. This paper examines the economic growth prospects of China over the next two decades. Extrapolating past...
Persistent link: https://www.econbiz.de/10005062447
Following up on a previous paper by the same author on the contribution of ICT capital to growth and labor productivity … telecommunication equipment to output growth and labor productivity between 1995 and 2000 in most countries featured in the study was … in output and labor productivity and hence accelerate the process of catching-up. The relatively large contribution of …
Persistent link: https://www.econbiz.de/10005555980
productivity in a number of developed countries in the 1990’s. There are however no studies, which would estimate the contribution … of ICT to growth and productivity in post-communist, transition economies. Data availability, consistency, and … framework, at estimating the contribution of investment in ICT to output growth and labor productivity in Poland, the largest …
Persistent link: https://www.econbiz.de/10005556009
Views of the future China vary widely. While some believe that the collapse of China is inevitable, others see the emergence of a new superpower that increasingly poses a threat to the U.S. This paper examines the economic growth prospects of China over the next two decades. Extrapolating past...
Persistent link: https://www.econbiz.de/10005556063
In this paper an effort has been made to unveil some hidden and implicit assumptions that has been used in different models dealing with analysis and measurement of contribution of human capital to economic growth. In order to do it we started from the general production function with...
Persistent link: https://www.econbiz.de/10005556090