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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/10012118296
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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/10012301178
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Myanmar : long-term scenarios for sustained macroeconomic growth
Roland-Holst, David W.; 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/10011281273
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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/10011346261
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Economic growth in Asia : determinants and prospects
Lee, Jong-Wha; Hong, Kiseok - 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/10008749709
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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/10011896056
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An analysis of revisions to annual GDP estimates of six ADB regional members
Sim, Benson; Castro, Modesta de; 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/10003913758
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Debt shocks and the dynamics of output and inflation in emerging economies
Beirne, John; Renzhi, Nuobu - 2024
product (GDP) falls significantly after an unanticipated increase in public debt while inflation rises. We also examine … initial debt levels, tighter domestic financial conditions, and lower income levels amplify the negative responses of real GDP …
Persistent link: https://www.econbiz.de/10015055341
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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; Vries, Gaaitzen J. de - 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/10011346273
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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/10012403938