Projection of Long-Term Total Factor Productivity Growth for 12 Asian Economies

Jungsoo Park ()
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Jungsoo Park: Sogang University

No 227, ADB Economics Working Paper Series from Asian Development Bank

Abstract: This study reviews and analyzes the changes in total factor productivity (TFP) growth in 12 Asian economies. By performing an empirical analysis using a comprehensive international data set, the paper investigates the main factors influencing TFP growth, particularly intangible factors such as human capital, and research and development capital. The resulting benchmark models from these empirical analyses are used to produce the long-term projection of TFP growth for the Asian economies for 2010–2030.

Keywords: economic growth; human capital; research and development capital; total factor productivity (TFP) growth (search for similar items in EconPapers)
JEL-codes: O11 O47 O53 (search for similar items in EconPapers)
Pages: 47 pages
Date: 2010-10-01
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Persistent link: https://EconPapers.repec.org/RePEc:ris:adbewp:0227

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