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| Author: | Krueger, J. Cantnet, U. Hanush, H. |
| Title: | Total factor productivity, the East Asian miracle, and the world production frontier |
| Journal: | Weltwirtschaftliches Archiv
2000 : VOL. 136:1, p. 111-136 |
| Index terms: | ECONOMICS ASIA PRODUCTIVITY |
| Language: | eng |
| Abstract: | It is well known that increasing the amount of a specific production factor such as capital or labour is not sufficient for sustained economic growth when decreasing marginal returns are working. As a main force fostering economic growth technological progress is considered, which increases the productivity of the factors of production. This was the basic message of the early work in the area of growth accounting by Abramovitz and Sollow. |
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