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Factor Accumulation Or Tfp? A Reassessment Of Growth In Southeast Asia

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  • Shawna Grosskopf
  • Sharmistha Self

Abstract

. This paper reassesses economic growth in five South‐East Asian countries utilizing a non‐parametric productivity index and parametric techniques to trace the ultimate source/s of growth. Our results show that there is no single explanation for the growth performance of the countries in our sample. The results, particularly with reference to the role of embodied technology are comforting in terms of policy implications for countries such as Singapore, where, given the capital output ratios, there are lower returns to future capital accumulation. The possibility of capital being embodied through technological change makes future prospects much brighter for such a country.

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  • Shawna Grosskopf & Sharmistha Self, 2006. "Factor Accumulation Or Tfp? A Reassessment Of Growth In Southeast Asia," Pacific Economic Review, Wiley Blackwell, vol. 11(1), pages 39-58, February.
    • Handle: RePEc:bla:pacecr:v:11:y:2006:i:1:p:39-58
    DOI: 10.1111/j.1468-0106.2006.00298.x
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    Cited by:

    1. Mitsuhiko Kataoka, 2022. "Perspiration versus inspiration: sources of national and provincial output growth in Indonesia [1990–2015] using province-level non-parametric frontier analysis," Asia-Pacific Journal of Regional Science, Springer, vol. 6(1), pages 113-139, February.
    2. Meryem Duygun & Jiaqi Hao & Anders Isaksson & Robin C. Sickles, 2017. "World Productivity Growth: A Model Averaging Approach," Pacific Economic Review, Wiley Blackwell, vol. 22(4), pages 587-619, October.
    3. Po-Chi Chen & Ming-Miin Yu, 2014. "Total factor productivity growth and directions of technical change bias: evidence from 99 OECD and non-OECD countries," Annals of Operations Research, Springer, vol. 214(1), pages 143-165, March.
    4. Heru Iswahyudi, 2016. "Back to oil: Indonesia economic growth after Asian financial crisis," Economic Journal of Emerging Markets, Universitas Islam Indonesia, vol. 8(1), pages 25-44, April.
    5. Oleg Badunenko & Daniel Henderson & Romain Houssa, 2014. "Significant drivers of growth in Africa," Journal of Productivity Analysis, Springer, vol. 42(3), pages 339-354, December.
    6. Christopoulos, Dimitris K., 2007. "Explaining country's efficiency performance," Economic Modelling, Elsevier, vol. 24(2), pages 224-235, March.

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