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Growth Accounting with Misallocation : Or, Doing Less with More in Singapore
Fernald, John - 2010
We derive aggregate growth-accounting implications for a two-sector economy with heterogeneous capital subsidies and … monopoly power. In this economy, measures of total factor productivity (TFP) growth in terms of quantities (the primal) and … rather than the top down. We show an example, for Singapore, of how incomplete data can be used to obtain estimates of …
Persistent link: https://www.econbiz.de/10012462609
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The Tyranny of Numbers : Confronting the Statistical Realities of the East Asian Growth Experience
Young, Alwyn - 1994
of Hong Kong, Singapore, South Korea and Taiwan. Participation rates, educational levels and (with the exception of Hong … non- agricultural economy and for manufacturing in particular, which are well within the bounds of those experienced by …
Persistent link: https://www.econbiz.de/10012474252
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Mauritius : African Success Story
Frankel, Jeffrey A. - 2010
What explains the success of Mauritius, a top performer among African countries? It has mostly followed growth-enhancing policies, which can in turn be attributed to sound institutions. But from where did the institutions come? Mauritius chose well around the time of independence in 1968, for...
Persistent link: https://www.econbiz.de/10012462088
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Understanding PPPs and PPP-based national accounts
Deaton, Angus - 2008
PPP-based national accounts have become an important part of the database for macroeconomists, development economists, and economic historians. Frequently used global data come from the Penn World Table (PWT) and the World Bank's World Development Indicators; a substantial fraction of the world...
Persistent link: https://www.econbiz.de/10012464148
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Technology and Economic Performance in the American Economy
Gordon, Robert J. - 2002
This paper examines the sources of the U. S. macroeconomic miracle of 1995-2000 and attempts to distinguish among permanent sources of American leadership in high-technology industries, as contrasted with the particular post-1995 episode of technological acceleration, and with other independent...
Persistent link: https://www.econbiz.de/10012469944
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Infrastructure in a Structural Model of Economic Growth
Holtz-Eakin, Douglas - 1994
Researchers, commentators, and politicians have devoted steadily more attention to infrastructure in response to claims that inadequate accumulation of public capital has contributed to substandard U.S. economic growth. Despite this, the link between infrastructure and productivity growth...
Persistent link: https://www.econbiz.de/10012474091
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AI and the Economy
Furman, Jason - 2018
We review the evidence that artificial intelligence (AI) is having a large effect on the economy. Across a variety of …
Persistent link: https://www.econbiz.de/10012453031
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Tariffs and Growth in Late Nineteenth Century America
Irwin, Douglas A. - 2000
Were high import tariffs somehow related to the strong U.S. economic growth during the late nineteenth century? This paper examines this frequently mentioned but controversial question and investigates the channels by which tariffs could have promoted growth during this period. The paper shows...
Persistent link: https://www.econbiz.de/10012471128
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From Hermit Kingdom to Miracle on the Han : Policy Decisions that Transformed South Korea into an Export Powerhouse
Irwin, Douglas A. - National Bureau of Economic Research - 2021
In 1960, South Korea's exports were about 1 percent of GDP, and the country's ability to import depended almost entirely on US aid. After changing its foreign exchange and trade policies in the mid-1960s, Korea saw a surge in exports to more than 10 percent of GDP by the end of the decade. What...
Persistent link: https://www.econbiz.de/10012629519
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Openness to Trade and the Spread of Industrialization : Evidence from Canada during the First Era of Globalization
Jaworski, Taylor - 2020
We use new data on manufacturing in Canada to quantify the impact of globalization on the growth and composition of industrialization in the second half of the nineteenth century. We find that industries and regions more exposed to international trade experienced faster growth. Consistent with...
Persistent link: https://www.econbiz.de/10012481264