Estimates of the steady state growth rates for selected Asian countries with an extended Solow model

B. Rao

Economic Modelling, 2010, vol. 27, issue 1, 46-53

Abstract: This paper develops an extended version of the Solow (1956) growth model in which total factor productivity is assumed a function of two important externalities viz., learning by doing and openness to trade. Using this framework we show that these externalities have played an important role to improve the long run growth rates of six Asian countries viz., Singapore, Malaysia, Thailand, Hong Kong, Korea and the Philippines. A few broad policies to improve the long run growth rates of these countries are suggested.

Keywords: Solow; growth; model; Endogenous; growth; Learning; by; doing; Trade; openness; Steady; state; growth; rate; Newly; developing; Asian; countries (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (33)

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Related works:
Working Paper: Estimates of the Steady State Growth Rates for Selected Asian Countries with an Extended Solow Model (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:27:y:2010:i:1:p:46-53

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