What is the long run growth rate of the East Asian Tigers?
New panel data estimates for the four East Asian Tigers show that the contribution of Total Factor Productivity (TFP) to growth is much higher than past estimates. An extended production function with learning by doing implies that TFP is about 3.5% and these countries will grow at this rate in the...
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Veröffentlicht in: | Applied economics letters 2010-08, Vol.17 (12), p.1205-1208 |
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Format: | Artikel |
Sprache: | eng |
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Zusammenfassung: | New panel data estimates for the four East Asian Tigers show that the contribution of Total Factor Productivity (TFP) to growth is much higher than past estimates. An extended production function with learning by doing implies that TFP is about 3.5% and these countries will grow at this rate in the long-run. |
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ISSN: | 1350-4851 1466-4291 |
DOI: | 10.1080/00036840902845400 |