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GDP Growth Accounting: A National Income Function Approach

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  • Ulrich Kohli

Abstract

In this paper, we provide a decomposition of GDP growth that is complete and exact for the translog national income function and for the Törnqvist index of real GDP. The contributions of changes in output quantities, factor prices and total factor productivity are identified. Special consideration is given to foreign trade, with imports treated as a negative output. Annual estimates for the United States are reported for the period 1948–98.

Suggested Citation

  • Ulrich Kohli, 2003. "GDP Growth Accounting: A National Income Function Approach," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 49(1), pages 23-34, March.
    • Handle: RePEc:bla:revinw:v:49:y:2003:i:1:p:23-34
    DOI: 10.1111/1475-4991.00072
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    Cited by:

    1. Ulrich Kohli, 2004. "An Implicit Törnqvist Index of Real GDP," Journal of Productivity Analysis, Springer, vol. 21(3), pages 337-353, May.
    2. WHALLEY, John & XIN, Xian, 2010. "China's FDI and non-FDI economies and the sustainability of future high Chinese growth," China Economic Review, Elsevier, vol. 21(1), pages 123-135, March.
    3. J. C. Dumagan & V. E. Ball, 2009. "Decomposing growth in revenues and costs into price, quantity and total factor productivity contributions," Applied Economics, Taylor & Francis Journals, vol. 41(23), pages 2943-2953.
    4. Chapda Nana, Guy & Larue, Bruno & Gervais, Jean-Philippe, 2012. "Regional integration and dynamic adjustments: Evidence from gross national product functions for Canada and the United States," The North American Journal of Economics and Finance, Elsevier, vol. 23(2), pages 246-264.
    5. Chihiro Shimizu & Erwin Diewert & Koji Nomura, 2024. "Estimating Flexible Functional Forms using Macroeconomic Data," Working Papers e206, Tokyo Center for Economic Research.
    6. Claudia M. Buch & Paola Monti & Farid Toubal, 2008. "Trade's Impact on the Labor Share: Evidence from German and Italian Regions," IAW Discussion Papers 46, Institut für Angewandte Wirtschaftsforschung (IAW).

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