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

Rao, B. Bhaskara (2007): Estimates of the steady state growth rates for selected Asian countries with an endogenous growth framework.

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Abstract

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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