Sources of Economic Growth in East Asia A Nonparametric Assessment

The conventional growth-accounting approach to estimating the sources of economic growth requires unrealistically strong assumptions about the competitiveness of factor markets and the form of the underlying aggregate production function. This paper outlines a new approach utilizing nonparametric de...

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Bibliographic Details
Main Author: Khan, Mohsin
Other Authors: Iwata, Shigeru, Murao, Hiroshi
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2002
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Sources of Economic Growth in East Asia  |b A Nonparametric Assessment  |c Mohsin Khan, Shigeru Iwata, Hiroshi Murao 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2002 
300 |a 28 pages 
651 4 |a Hong Kong Special Administrative Region, People's Republic of China 
653 |a Income 
653 |a Labour 
653 |a Econometric analysis 
653 |a Cross-Country Output Convergence 
653 |a Aggregate Productivity 
653 |a Wages, Compensation, and Labor Costs: General 
653 |a Semiparametric and Nonparametric Methods 
653 |a Cost 
653 |a Capital and Total Factor Productivity 
653 |a Production 
653 |a Industrial productivity 
653 |a Economywide Country Studies: Asia including Middle East 
653 |a Aggregate Factor Income Distribution 
653 |a Total factor productivity 
653 |a National accounts 
653 |a Labor 
653 |a Estimation 
653 |a Econometric models 
653 |a Labor share 
653 |a Labor Economics: General 
653 |a Macroeconomics 
653 |a Measurement of Economic Growth 
653 |a Wages 
653 |a Estimation techniques 
653 |a Capacity 
653 |a Econometrics 
653 |a Econometrics & economic statistics 
653 |a Income economics 
653 |a Production and Operations Management 
653 |a Labor economics 
700 1 |a Iwata, Shigeru 
700 1 |a Murao, Hiroshi 
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520 |a The conventional growth-accounting approach to estimating the sources of economic growth requires unrealistically strong assumptions about the competitiveness of factor markets and the form of the underlying aggregate production function. This paper outlines a new approach utilizing nonparametric derivative estimation techniques that does not require imposing these restrictive assumptions. The results for East Asian countries show that output elasticities of capital and labor are different from the income shares of these factors, and that the growth of total factor productivity over the period 1960-95 has been an important factor in the overall growth performance of these countries