Corpus ID: 54798745

The Sources of Economic Growth in Developing Economies: Growth Accounting Based on Nonparametric Estimation

@inproceedings{Cheng2004TheSO,
  title={The Sources of Economic Growth in Developing Economies: Growth Accounting Based on Nonparametric Estimation},
  author={B. Cheng and H. Huang},
  year={2004}
}
In this paper, we apply a growth accounting method in an open economy based on nonparametric local polynomial regression estimation technique to analyze the sources of economic growth in twelve developing economies over the period 1960-2002. The method dispenses with stringent assumptions, such as specific form of aggregate production function and competitive factor markets, and it also considers the welfare effect of terms-of-trade change similar to technological change. The results indicate… Expand

Figures and Tables from this paper

References

SHOWING 1-10 OF 19 REFERENCES
Sources of Economic Growth in East Asia: A Nonparametric Assessment
The conventional growth-accounting approach to estimating the sources of economic growth requires unrealistically strong assumptions about either competitiveness of factor markets or the form of theExpand
Sources of Economic Growth: An Extensive Growth Accounting Exercise
A growth accounting exercise is conducted for 88 countries for 1960-94 to examine the source of cross-country differences in total factor productivity (TFP) levels. Two differences distinguish thisExpand
Sources of Economic Growth: An Extensive Growth Accounting Exercise
A growth accounting exercise is conducted for 88 countries for 1960-94 to examine the source of cross-country differences in total factor productivity (TFP) levels. Two differences distinguish thisExpand
Sources of Economic Growth in East Asia : A Nonparametric Assessment
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) andExpand
Growth accounting in the open economy: international comparisons
Abstract This paper identifies, measures, and compares the main factors explaining nominal GDP growth in two dozen open economies. The analysis goes beyond the standard Solow approach byExpand
Notes on Growth Accounting
Growth accounting breaks down economic growth into components associated with changes in factor inputs and the Solow residual, which reflects technological progress and other elements. After aExpand
Adjusting Output and Productivity Indexes for Changes in the Terms of Trade
In this paper we employ index number theory in addressing the problem of adjusting real national income and real domestic product for changes in a country's terms of trade. More specifically, usingExpand
Capital Formation and Economic Growth in China
First, production functions are estimated for China's aggregate economy and for the five sectors—agriculture, industry, construction, transportation, and commerce—using annual data (some constructedExpand
The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience
This paper documents the fundamental role played by factor accumulation in explaining the extraordinary postwar growth of Hong Kong, Singapore, South Korea, and Taiwan. Participation rates,Expand
How Important are Capital and Total Factor Productivity for Economic Growth?
The authors examine the relative importance of the growth of physical and human capital and the growth of total factor productivity (TFP) using newly organized data on 145 countries that span moreExpand
...
1
2
...