정보사전

표제어Mechanical Properties of Growth Accounting : Productivity Growth and Structural Change in East Asian NIEs


사전유형소장기록


설명East Asian NIEs are said to have enjoyed only low productivity gains in the course of strong economic growth. This paper suggests that low productivity gains are the result of the mechanical properties of growth accounting. Sequential structural change and adjustment increased capital intensity by shifting production to more capital-intensive industries (new industries and high quality products), thus lowering productivity growth mechanically. Taking into account of the interaction between the contribution of capital and technology to output growth, the pessimistic paradigm of low productivity growth and low technological change in East Asia is open to question.


생산자이창수


날짜1999-10-01


기록유형문서류


기록형태보고서/논문


주제정치경제