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This paper looks at the spatial relationship of the average per capita income growth using intra-country or provincial data from 1988 to 2009. The results from the study provide insights on the geographical dimensions of provincial income growth and showed evidence on the role of spatial effects...
Persistent link: https://www.econbiz.de/10011259209
This paper surveys the empirical literature on total factor productivity (TFP) and the sources of growth in the East Asian Countries. It raises the queston whether the literature has helped us understand better the factors that have propelled growth in the region. The paper discusses the main...
Persistent link: https://www.econbiz.de/10005474956
The foundations of the aggregate production function were long ago thrown into doubt by problems of aggregation and the Cambridge capital theory controversies. Yet the aggregate production function, whether in the familiar form of the Cobb-Douglas, the CES, or the translog, continues to be...
Persistent link: https://www.econbiz.de/10010952193
Persistent link: https://www.econbiz.de/10005075781
Persistent link: https://www.econbiz.de/10007654471
This research work is an empirical analysis of the determinants of long-run growth and technical progress in five Southeast Asian countries, Indonesia, Malaysia, the Philippines, Singapore, and Thailand, i.e., the ASEAN countries, during the last three decades. We ask the fundamental question of...
Persistent link: https://www.econbiz.de/10009438499
This paper shows that unit labor costs (ulcs), the most widely used measure of competitiveness, can be interpreted as the labor share in output multiplied by a price-adjustment factor. This has three main implications. First, ulcs are not just a technical concept since they embody the social...
Persistent link: https://www.econbiz.de/10005532860
This paper evaluates the methodological foundations of some recent attempts to estimate econometrically the degree of market power and the degree of returns to scale in manufacturing. The method discussed is based on estimating the aggregate production function in growth rate form. It is argued,...
Persistent link: https://www.econbiz.de/10005482833
This comment raises three main issues about He and Qin's (2004)attempt at modeling investment in the PRC. The first is this author's skepticism about the general applicability of the neoclassical model of investment to the PRC. Second, that their model for business investment, based on the...
Persistent link: https://www.econbiz.de/10005430316
This paper shows that previous arguments about the problems in interpreting the coefficients in multiplicative-logarithmic functions, derived from an arbitrary rebasing of the series, are incorrect. In the specific case of the translog production function, the tests for the CES, Cobb-Douglas and...
Persistent link: https://www.econbiz.de/10005435492