Growth Accounting, Growth Theory and the East Asian Miracle

Peter Robertson

Working Papers from New South Wales - School of Economics

Abstract: This paper develops a method for interpreting growth accounting studies in terms of the neoclassical growth model. In particular it shows that the growth accounting contribution of capital reflects the distance of the economy form its steady state income level. The method is applied to studies of the East Asian economies by Young (1995) and Collins and Bosworth (1996). Contrary to the usual interpretation of these data, it is shown that the data support the argument made by King and Rebelo (1993).

Keywords: CONVERGENCE; ECONOMIC DEVELOPMENT; EAST ASIA; ECONOMIC GROWTH (search for similar items in EconPapers)
JEL-codes: O1 O11 O30 O47 O53 (search for similar items in EconPapers)
Pages: 22 pages
Date: 1998
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:nesowa:98/11

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