| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w7441 |
| 来源ID | Working Paper 7441 |
| Indian Manufacturing Industry: Elephant or Tiger? New Evidence on the Asian Miracle | |
| Charles R. Hulten; Sylaja Srinivasan | |
| 发表日期 | 1999-12-01 |
| 出版年 | 1999 |
| 语种 | 英语 |
| 摘要 | We estimate the rate of total factor productivity growth in Indian manufacturing industry for the period 1973-1992, and compare the results to those obtained by Young for the East Asian Tigers. We then interpret our results in light of Krugman's hypothesis that, because the Asian Miracle was driven by capital formation under diminishing marginal returns, it is not sustainable. We suggest a reinterpretation of the sustainability problem that recognizes the true role of TFP as a motive force in output growth. Past studies have compared the TFP residual to the growth rate of output and used this ratio as a measure of the importance of TFP as a source of growth. We argue that this is an erroneous way of assessing the role of TFP, because it ignores the additional capital formation made possible by an increase in productivity and therefore understates productivity's true importance. Our estimates suggest that the understatement may be quite large, and that one might better ask if the growth rate of TFP, rather than capital growth, is sustainable. |
| 主题 | Development and Growth ; Growth and Productivity ; Development |
| URL | https://www.nber.org/papers/w7441 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/564981 |
| 推荐引用方式 GB/T 7714 | Charles R. Hulten,Sylaja Srinivasan. Indian Manufacturing Industry: Elephant or Tiger? New Evidence on the Asian Miracle. 1999. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w7441.pdf（1750KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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