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that factor accumulation, savings and investment were central to the rapid growth experience. This paper develops an …
Persistent link: https://www.econbiz.de/10014035979
selective interventions; (iii) The role of high investment rates and a strong export orientation as possible engines of growth …
Persistent link: https://www.econbiz.de/10012781863
New panel data estimates for the four East Asian Tigers show that the contribution of total factor productivity (TFP) to growth is much higher than past estimates. An extended production function with learning by doing implies that TFP is about 3.5% and these countries will grow at this rate in...
Persistent link: https://www.econbiz.de/10011524060
This paper models the relationship between innovation and sustained economic growth through as being mediated by institutions that calibrate a 'structure of technological production' analogous to capital-based models of the structure of production. Our framework discusses two types of capital:...
Persistent link: https://www.econbiz.de/10013237452
We identify East Asian growth as an 'emulative process'. Distilling salient facts from a set of particular cases, we construct an example to capture the essence of such technology transfer, where the government of a developing economy may provide adequate incentive for the firms of a developed...
Persistent link: https://www.econbiz.de/10014210114
Asia was mediocre in spite of the impressive investment drive in those countries. A simple model of optimal intervals for …
Persistent link: https://www.econbiz.de/10012445893
Asia was mediocre in spite of the impressive investment drive in those countries. A simple model of optimal intervals for …
Persistent link: https://www.econbiz.de/10014042573
Constructing data series from various sources, I do comprehensive growth accounting for the Indian Economy. Without accounting for human capital, total factor productivity differences over time accounts for 48% to 69% of output variation. TFP growth accounts for 35% to 70% of the total GDP...
Persistent link: https://www.econbiz.de/10014214898
uncertainty, firms that are credit constrained switch the composition of investment by reducing productivity-enhancing investment …
Persistent link: https://www.econbiz.de/10011634332
This paper examines whether investment in the agriculture and food sectors in Africa significantly increases overall … Granger causes overall economic growth. The study also identifies the 10 African countries where investment in the agriculture …, Mozambique, Rwanda, Seychelles, and Sierra Leone are the top 10 African countries where such an investment is expected to yield …
Persistent link: https://www.econbiz.de/10012921984