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Projection of Long-Term Total Factor Productivity Growth for 12 Asian Economies

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  • Park, Jungsoo

    (Sogang University)

Abstract

This study reviews and analyzes the changes in total factor productivity (TFP) growth in 12 Asian economies. By performing an empirical analysis using a comprehensive international data set, the paper investigates the main factors influencing TFP growth, particularly intangible factors such as human capital, and research and development capital. The resulting benchmark models from these empirical analyses are used to produce the long-term projection of TFP growth for the Asian economies for 2010–2030.

Suggested Citation

  • Park, Jungsoo, 2010. "Projection of Long-Term Total Factor Productivity Growth for 12 Asian Economies," ADB Economics Working Paper Series 227, Asian Development Bank.
    • Handle: RePEc:ris:adbewp:0227
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    References listed on IDEAS

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    More about this item

    Keywords

    economic growth; human capital; research and development capital; total factor productivity (TFP) growth;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • 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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