Cover IMF Working Papers
Growth and Productivity in Asean Countries
Author:
Mr. Michael Sarel
Search for other papers by Mr. Michael Sarel in
Current site
Google Scholar
PubMedClose
Series:
IMF Working Papers
Volume/Issue:
Volume 1997: Issue 097
Language:
English
Publication Date:
01 Aug 1997
DOI:
https://doi.org/10.5089/9781451851984.001
ISBN:
9781451851984
ISSN:
1018-5941
Pages:
50
Keywords:
WP; growth rate; share; growth; TFP; productivity; ASEAN; factor share; capital share; TFP level; TFP estimate; income share; Total factor productivity; Production growth; Growth accounting; Public expenditure review; East Asia; Southeast Asia
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Download PDF (1.8 MB) Download Epub
This study examines the nature of the growth process in the ASEAN countries, and particularly whether it has been generated primarily by more inputs or by productivity gains. It uses internationally comparable data and explores an alternative method for estimating the capital and labor factor shares. The results, contradicting some previous studies, indicate a very impressive growth rate of TFP in Singapore, Thailand, and Malaysia, a relatively strong rate for Indonesia, and a negative rate for the Philippines. This study argues that the results of previous studies were driven mainly by the fact that they relied on national accounts data for measures of various variables and, in particular, the factor income shares of capital and labor.
  • Collapse
  • Expand
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 1997: Issue 097