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Growth Accounting, Growth Theory and the East Asian Miracle

Author

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  • Robertson, P.E.

Abstract

This paper develops a method for interpreting growth accounting studies in terms of the neoclassical growth model. In particular it shows that the growth accounting contribution of capital reflects the distance of the economy form its steady state income level. The method is applied to studies of the East Asian economies by Young (1995) and Collins and Bosworth (1996). Contrary to the usual interpretation of these data, it is shown that the data support the argument made by King and Rebelo (1993).

Suggested Citation

  • Robertson, P.E., 1998. "Growth Accounting, Growth Theory and the East Asian Miracle," Papers 98/11, New South Wales - School of Economics.
    • Handle: RePEc:fth:nesowa:98/11
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    Cited by:

    1. Vielle, M. & Bernard, A. L., 2001. "Welfare Cost for Europe of Non-Participation to the Market of Tradable Permits and Comparative Efficiency of Corrective Policies Towards Energy Intensive Sectors," Conference papers 330959, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    2. Irz, Xavier T. & Roe, Terry L., 2000. "Growth Pattern, Sustainability And Trade In A Land Constrained Economy," 2000 Annual meeting, July 30-August 2, Tampa, FL 21762, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Sarath Delpachitra & Pham Van Dai, 2012. "The Determinants of TFP Growth in Middle Income Economies in ASEAN: Implication of Financial Crises," International Journal of Business and Economics, School of Management Development, Feng Chia University, Taichung, Taiwan, vol. 11(1), pages 63-88, June.
    4. Lin, Pei-Chien & Roe, Terry L., 1999. "Growth Theory And Accounting For Growth Of The Taiwanese Economy," Bulletins 12968, University of Minnesota, Economic Development Center.

    More about this item

    Keywords

    CONVERGENCE ; ECONOMIC DEVELOPMENT ; EAST ASIA ; ECONOMIC GROWTH;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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