1. Forces of economic growth in China, India, and other Asian countries.
- Author
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Singh, Rup
- Subjects
ECONOMIC development ,BIG data ,FINANCIAL services industry - Abstract
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. [ABSTRACT FROM AUTHOR]
- Published
- 2015
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