Growth and Productivity in ASEAN Countries
50 Pages Posted: 15 Feb 2006
Date Written: August 1997
Abstract
This study examines the nature of the growth process in the ASEAN countries, and particularly whether it has been generated primarily by more inputs or by productivity gains. It uses internationally comparable data and explores an alternative method for estimating the capital and labor factor shares. The results, contradicting some previous studies, indicate a very impressive growth rate of TFP in Singapore, Thailand, and Malaysia, a relatively strong rate for Indonesia, and a negative rate for the Philippines. This study argues that the results of previous studies were driven mainly by the fact that they relied on national accounts data for measures of various variables and, in particular, the factor income shares of capital and labor.
Keywords: growth, TFP, productivity, ASEAN
JEL Classification: E25, O47
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
Saving Behavior in Low- and Middle-Income Developing Countries: A Comparison
By Masao Ogaki, Jonathan D. Ostry, ...
-
Income Inequality: Does Inflation Matter?
By Aleš Bulíř
-
Inflation, Disinflation, and Growth
By Atish R. Ghosh and Steven Phillips
-
Growth in East Asia: What We Can and What We Cannot Infer from it
-
The Impact of Intersectoral Labor Reallocation on Economic Growth