This comment raises three main issues about He and Qin's (2004)attempt at modeling investment in the PRC. The first is this author's skepticism about the general applicability of the neoclassical model of investment to the PRC. Second, that their model for business investment, based on the...

This paper shows that previous arguments about the problems in interpreting the coefficients in multiplicative-logarithmic functions, derived from an arbitrary rebasing of the series, are incorrect. In the specific case of the translog production function, the tests for the CES, Cobb-Douglas and...

This paper discusses the recent controversy over the sources of economic growth in East Asia. This empirical work has either used growth accounting or estimated econometrically aggregate production functions. It is shown that it is possible to approximate the value-added accounting identity...

This paper examines the extent to which Pakistan’s growth has been, or is likely to be, limited or constrained by its balance-of-payments (BOP). The paper begins by briefly considering the BOP-constrained growth model in the context of demand and supply-oriented approaches to economic growth....

Purpose – The purpose of this paper is to document the transformation of developing Asia's manufacturing sector during the last three decades. Design/methodology/approach – The paper briefly discusses the transformation during the last 30 years and benchmarks the sector by estimating a...

Purpose – The purpose of this paper is to evaluate the degree of structural change of the Philippine economy and examine how linkages among sectors evolved during 1979‐2000. Design/methodology/approach – The authors use the input‐output tables of the Philippines to draw the economic...

This volume argues that while labour market reforms may be necessary in some specific cases, by no means are labour market policies the main explanation for the widespread increase in unemployment and underemployment across Asia and country specific studies undermine the case for...