Estimates of the steady state growth rates for selected Asian countries with an endogenous growth framework

This paper develops an endogenous growth ramework with externalities due to learning by doing and trade openness to show that these externalities are significant for 6 Asian countries. The estimated parameters of the augmented production functions are used to compute the steady state growth rates for Singapore, Malaysia, Thailand, Hong Kong, Korea and the Philippines. A few broad policies to improve these steady state growth rate are suggested.

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Year of publication:	2007-03-27
Authors:	Rao, B. Bhaskara
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Endogenous Growth \| Learning by Doing Trade Openness \| Steady State Growth Rate \| Newly Developing Asian Countries

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	O53 - Asia including Middle East ; O40 - Economic Growth and Aggregate Productivity. General ; O29 - Development Planning and Policy. Other ; O33 - Technological Change: Choices and Consequences; Diffusion Processes ; O30 - Technological Change; Research and Development. General ; O39 - Technological Change; Research and Development. Other ; O38 - Government Policy ; O10 - Economic Development. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005789773