Growth accounting by decomposition: a modified NIRS approach

Shin, Inyong (2002): Growth accounting by decomposition: a modified NIRS approach. Published in: Research Paper Series, Department of Economics, Tokyo Metropolitan University No. No.36 (2002)

Abstract

This paper points out the fallacy in the previous method of growth accounting by decomposition. Specically, it points out that the previous studies tend to measure the contribution of technical progress to economic growth to be too low and that of capital accumulation too high.

• Item Type: MPRA Paper
• Language: English
• Keywords: production frontier; productivity growth; technical change
• Subjects: O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence; O - Economic Development, Innovation, Technological Change, and Growth > O3 - Innovation ; Research and Development ; Technological Change ; Intellectual Property Rights > O30 - General; C - Mathematical and Quantitative Methods > C8 - Data Collection and Data Estimation Methodology ; Computer Programs > C82 - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data ; Data Access

References

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Kumar S., Russell R., 2002. Technical Change, Technological Catch-up, and Capital Deepening: Relative Contribution to Growth and Convergence, American Economic Review, 92, 527-548.

Ray S., Desli E., 1997. Productivity Growth, Technical Progress, and Efficiency Change in Industrialized Countries: Comment, American Economic Review, 87, 1033-1039.