AN ASSESSMENT OF TOTAL FACTOR PRODUCTIVITY
The high performing East Asian development model sparked controversies in the academia: its success was ascribed alternatively to nation-states, markets, and sociocultural factors. This paper undertakes a comparative assessment of the last two generations of submodels, i.e. ASEAN-4 and China, by qua...
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| Format: | Article |
| Language: | English |
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Romanian National Institute of Statistics
2011-10-01
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| Series: | Revista Română de Statistică |
| Subjects: | |
| Online Access: | http://www.revistadestatistica.ro/Articole/2011/art4_en_rrs%209_2011.pdf |
| _version_ | 1811264484144054272 |
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| author | Dana GÂRDU |
| author_facet | Dana GÂRDU |
| author_sort | Dana GÂRDU |
| collection | DOAJ |
| description | The high performing East Asian development model sparked controversies in the academia: its success was ascribed alternatively to nation-states, markets, and sociocultural factors. This paper undertakes a comparative assessment of the last two generations of submodels, i.e. ASEAN-4 and China, by quantifying and interpreting their total factor productivity (TFP) using the Solow Model. Results show that capital accumulation was their major growth driver before the beginning of the millennium. Subsequently growth is led by technical change in ASEAN-32, and capital inputs respectively in late industrialising economies, i.e., China and the Philippines. The main differences between the two submodels consist in levels in growth rates and technical progress contributions, which are strongly sped up in China by transition and integration in global production networks. For ASEAN-4 average null or negligible TFP values in the 1990s point to structural vulnerabilities that surface during the Asian financial crisis. ASEAN-3’s recovery is led by technical change though. |
| first_indexed | 2024-04-12T20:05:08Z |
| format | Article |
| id | doaj.art-f7068cd292134e3e945e6950872d051b |
| institution | Directory Open Access Journal |
| issn | 1018-046X 1844-7694 |
| language | English |
| last_indexed | 2024-04-12T20:05:08Z |
| publishDate | 2011-10-01 |
| publisher | Romanian National Institute of Statistics |
| record_format | Article |
| series | Revista Română de Statistică |
| spelling | doaj.art-f7068cd292134e3e945e6950872d051b2022-12-22T03:18:26ZengRomanian National Institute of StatisticsRevista Română de Statistică1018-046X1844-76942011-10-0159096875AN ASSESSMENT OF TOTAL FACTOR PRODUCTIVITYDana GÂRDUThe high performing East Asian development model sparked controversies in the academia: its success was ascribed alternatively to nation-states, markets, and sociocultural factors. This paper undertakes a comparative assessment of the last two generations of submodels, i.e. ASEAN-4 and China, by quantifying and interpreting their total factor productivity (TFP) using the Solow Model. Results show that capital accumulation was their major growth driver before the beginning of the millennium. Subsequently growth is led by technical change in ASEAN-32, and capital inputs respectively in late industrialising economies, i.e., China and the Philippines. The main differences between the two submodels consist in levels in growth rates and technical progress contributions, which are strongly sped up in China by transition and integration in global production networks. For ASEAN-4 average null or negligible TFP values in the 1990s point to structural vulnerabilities that surface during the Asian financial crisis. ASEAN-3’s recovery is led by technical change though.http://www.revistadestatistica.ro/Articole/2011/art4_en_rrs%209_2011.pdfEast Asian development modelintermediate stateseconomic growthtotal factor productivitytehnical change |
| spellingShingle | Dana GÂRDU AN ASSESSMENT OF TOTAL FACTOR PRODUCTIVITY Revista Română de Statistică East Asian development model intermediate states economic growth total factor productivity tehnical change |
| title | AN ASSESSMENT OF TOTAL FACTOR PRODUCTIVITY |
| title_full | AN ASSESSMENT OF TOTAL FACTOR PRODUCTIVITY |
| title_fullStr | AN ASSESSMENT OF TOTAL FACTOR PRODUCTIVITY |
| title_full_unstemmed | AN ASSESSMENT OF TOTAL FACTOR PRODUCTIVITY |
| title_short | AN ASSESSMENT OF TOTAL FACTOR PRODUCTIVITY |
| title_sort | assessment of total factor productivity |
| topic | East Asian development model intermediate states economic growth total factor productivity tehnical change |
| url | http://www.revistadestatistica.ro/Articole/2011/art4_en_rrs%209_2011.pdf |
| work_keys_str_mv | AT danagardu anassessmentoftotalfactorproductivity AT danagardu assessmentoftotalfactorproductivity |