Forces of economic growth in China, India, and other Asian countries

This paper applies different approaches to modelling sources of economic growth from time series and panel data sets for 10 Asian countries over the period 1970–2010. After being subjected to fragility tests, the cross‐country estimates indicate that investment, together with policy variables and op...

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Bibliographic Details
Published inAsian-Pacific economic literature Vol. 29; no. 1; pp. 62 - 81
Main Author Singh, Rup
Format Journal Article
LanguageEnglish
Published Oxford Blackwell Publishing Ltd 01.05.2015
Subjects
Asia
Asians
China
China (People's Republic)
Economic development
Economic growth
Economic models
Economic policy
Economic theory
Estimation
Growth policy
India
Investment
Investments
Studies
Time series
Asia
China
India
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Summary:This paper applies different approaches to modelling sources of economic growth from time series and panel data sets for 10 Asian countries over the period 1970–2010. After being subjected to fragility tests, the cross‐country estimates indicate that investment, together with policy variables and openness to trade, explains about 90 per cent of the estimated 3.2 per cent steady‐state growth rate for the region. Regional growth policy points to expanding trade, supporting financial development, and maintaining sound investment environments. Although country‐specific growth effects vary, the results imply that different estimation methods, combined with fragility tests, can help establish stronger links between growth theory and policy advice.
Bibliography:istex:8AD35AADAA560571534E216C792D03B844A35814
ark:/67375/WNG-NZK1MDPG-M
ArticleID:APEL12090
ObjectType-Article-1
SourceType-Scholarly Journals-1
ObjectType-Feature-2
content type line 23
ISSN:0818-9935
1467-8411
DOI:10.1111/apel.12090