Effects of trade openness on the steady-state growth rates of selected Asian countries with an extended exogenous growth model

Rao, B. Bhaskara; Singh, Rup

doi:10.1080/00036840802534468

Cited by 9 publications

(15 citation statements)

References 20 publications

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“…A similar analysis of country‐specific SSGR estimates are in Rao and Singh (, ) but only for trade and learning‐by‐doing possibilities.…”

mentioning

confidence: 69%

“…In contrast, Senhadji's () approach follows a two‐step procedure, first requiring a growth accounting exercise and then the TFP regressions. Rao and Singh () make the growth of TFP to depend on certain determinants of growth more directly. This can be better understood by reviewing the evolution of TFP in Solow ().…”

Section: Model Specificationmentioning

confidence: 99%

“…Useful summaries of the debates on TFP estimates can be found in Felipe and McCombie (), Bosworth and Collins (), and Sarrel (). Improving on Senhadji (), Rao and Singh () have shown that the exogenous growth rate of TFP in Solow () can be made a function of some known determinants of growth without the need to conduct growth accounting exercises. Empirical tests with different data sets based on this extension (details later) seem to give reasonably good results.…”

Section: Introductionmentioning

confidence: 99%

“…This departure from the full‐fledged endogenous models is necessary to eliminate systems‐based estimation of model parameters. Other applications of this approach are in Rao and Singh (,b).…”

mentioning

confidence: 99%

“…The long derivations have been skipped for brevity; interested readers may refer to Rao and Singh () for an exposition.…”

mentioning

confidence: 99%

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

Singh

2015

Asian-Pac Economic Lit

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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.

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“…A similar analysis of country‐specific SSGR estimates are in Rao and Singh (, ) but only for trade and learning‐by‐doing possibilities.…”

mentioning

confidence: 69%

Section: Model Specificationmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

mentioning

confidence: 99%

“…The long derivations have been skipped for brevity; interested readers may refer to Rao and Singh () for an exposition.…”

mentioning

confidence: 99%

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

Singh

2015

Asian-Pac Economic Lit

Self Cite

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Quantifying city-scale carbon emissions of the construction sector based on multi-regional input-output analysis

Hung

Hsu

Cheng

2019

Resources, Conservation and Recycling

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Quantifying the Linkages and Leakages of Construction Activities in an Open Economy Using Multiregional Input–Output Analysis

Hung

Hsu

Pratt³

et al. 2019

J. Manage. Eng.

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This study proposes an analytical framework to evaluate the economic influence and leakage of the construction sector in a small and open economy, using Hong Kong as a case study. Input-output analysis (IOA) is used to capture the domestic intersectoral linkages, and multiregional IOA is used to measure the leakages resulting from international trade. In the absence of Hong Kong official inputoutput tables (IOTs), five IOTs during 1995-2013 and three multiregional IOTs from 2004, 2007, and 2011 are compiled using the Global Trade Analysis Project (GTAP) database in conjunction with official statistics. Comparisons with other economies are included to disclose the relative economic influences of Hong Kong's construction sector. The results reveal the declining economic importance of Hong Kong's construction sector in stimulating economic growth, along with increased leakage to the manufacturing sectors abroad. The domestic backward linkage has dropped from 1.74 in 1995 to 1.55 in 2013 per unit of final demand. In 2011, 40.55% of the economic contribution has leaked out through international trade.The outcomes provide a rational basis with which to inform the decision-making of the Hong Kong government in infrastructure planning, regarding resource utilization, and benefit optimization. Import substitution policy is recommended to ease foreign dependence through local production of construction products.

show abstract

Effects of trade openness on the steady-state growth rates of selected Asian countries with an extended exogenous growth model

Cited by 9 publications

References 20 publications

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

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

Quantifying city-scale carbon emissions of the construction sector based on multi-regional input-output analysis

Quantifying the Linkages and Leakages of Construction Activities in an Open Economy Using Multiregional Input–Output Analysis

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