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The illusions of calculating total factor productivity and testing growth models from Cobb-Douglas to Solow and Romer

Felipe, Jesus; McCombie, John S. L. - 2019

This paper shows that because growth models in the tradition of Solow's and Romer's are framed in terms of production functions, they are equally subject to a criticism developed by, among others, Phelps Brown (1957), Simon (1979a), and Samuelson (1979). These authors argued that production...

Persistent link: https://www.econbiz.de/10012429376

Trajectories to high income: Growth dynamics in Japan, the People's Republic of China, and the Republic of Korea

Murach, Michael; Wagner, Helmut; Kim, Jungsuk; Park, … - 2020

We analyze and compare the patterns of economic growth and development in the Japan, the People's Republic of China, and the Republic of Korea in the postwar period. The geographical proximity and cultural affinity between the three countries, as well as the key role of the development state in...

Persistent link: https://www.econbiz.de/10012665052

Deriving macroeconomic benefits from public-private partnerships in developing Asia

Lee, Minsoo; Han, Xuehui; Gaspar, Raymond; Alano, Emmanuel - 2018

. Empirical results suggest that increasing the ratio of PPP investment to GDP improves access to and quality of infrastructure …

Persistent link: https://www.econbiz.de/10012064713

Myanmar: Long-Term Scenarios for Sustained Macroeconomic Growth

Roland-Holst, David; Park, Cyn-Young - 2015

We use a dynamic forecasting model to evaluate a wide array of opportunities for sustained economic growth in Myanmar. Our simulation results suggest that the government of Myanmar can advance potential growth drivers, by maintaining a stable macroeconomic environment that is conducive to...

Persistent link: https://www.econbiz.de/10011432860

The Impact of Financial Factors on the Output Gap and Estimates of Potential Output Growth

Felipe, Jesus; Sotocinal, Noli; Bayudan-Dacuycuy, Connie - 2015

The literature on the finance-growth nexus highlights the importance of the financial cycle for the estimation of potential output of an economy. We estimate potential output growth for the G-5 countries, as well as for 10 high- and middle-income Asian economies, using a multivariate model that...

Persistent link: https://www.econbiz.de/10011432879

Economic Growth in Asia: Determinants and Prospects

Lee, Jong-Wha; Hong, Kiseok - Economics and Research Department, Asian Development Bank - 2010

gross domestic product (GDP) growth rates of the 12 developing Asian economies covered by this paper will be consistently … research and development can substantially raise GDP growth in the region and partly offset the slowdown in growth caused by …

Persistent link: https://www.econbiz.de/10009245407

An Analysis of Revisions to Annual GDP Estimates of Six ADB Regional Members

Sim, Benson; de Castro, Modesta; Pascua, Melissa - 2009

This paper analyzes the histories of revisions of official annual real gross domestic product (GDP) growth rates for …. The results show that first published estimates of annual real GDP growth rates in all the six economies are revised … annual real GDP growth rates in the first, second, third, and latest years after their initial release. Revisions to first …

Persistent link: https://www.econbiz.de/10010507289

An Analysis of Revisions to Annual GDP Estimates of Six ADB Regional Members

Sim, Benson; de Castro, Modesta; Pascua, Melissa - Economics and Research Department, Asian Development Bank - 2009

This paper analyzes the histories of revisions of official annual real gross domestic product (GDP) growth rates for … show that first published estimates of annual real GDP growth rates in all the six economies are revised upward 3 years … GDP growth rates in the first, second, third, and latest years after their initial release. Revisions to first published …

Persistent link: https://www.econbiz.de/10008487586

What Accounts for the Growth of Carbon Dioxide Emissions in Advanced and Emerging Economies? The Role of Consumption, Technology, and Global Supply Chain Trade

Ferrarini, Benno; de Vries, Gaaitzen J. - 2015

Climate policy pledges and negotiations involve commitments about the reduction of emissions within national borders. However, the rise of global value chains has changed the nature of production and international trade, blurring the attribution of ultimate responsibility for emissions. This...

Persistent link: https://www.econbiz.de/10011432877

The wellness economy: A comprehensive system of national accounts approach

Consing, Rafael Martin M.; Barsabal, Michael John M.; … - 2020

This paper provides a comprehensive discussion on different, interconnected methods of using the system of national accounts to measure the relevance of a country's wellness sector to its overall economy. Procedures are discussed for using input-output analysis to derive the production and...

Persistent link: https://www.econbiz.de/10012665061