Productivity, Efficiency And Economic Growth: East Asia And The Rest Of The World

Topics:
Efficiency
Tags:
Growth,
Total Factor Productivity,
University Of California
Source:
University of California

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Overview: This paper compares the sources of growth in East Asia with the rest of the world, using a methodology that allows one to decompose Total Factor Productivity (TFP) growth into technical efficiency changes (catching up) and technological progress. It applies a varying coefficients frontier production function model to aggregate data for the period 1970-1990, for a sample of 45 developed and developing countries. The results are consistent with the view that East Asian economies were not outliers in terms of TFP growth.

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Format: PDF | Size: 1,085KB | Date: Mar 2003 | Pages: 24


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