Understanding the theory and empirics of economic growth in selected Asian countries using channel decomposition analysis

• Main Authors: Cenon, Adrian Dominic, Magday, Al Benedict, Torres, Phillip Martinez
• Format: text
• Language: English
• Published: Animo Repository 2005
• Subjects: Economic development
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/6767
• Institution: De La Salle University

This paper analyzes economic growth using the channel decomposition framework. As the gap in the standards of living and growth rates of income around the world widens, there is a need to determine which channel is the main contributor to economic growth. Using this framework, we found out that total factor productivity, not factor accumulation, is the main channel that contributes to economic growth. The paper also examines economic growth in selected Asian countries using the results from the channel decomposition framework. Lastly, it is necessary to do some observations for the Philippines in order to formulate important policies recommendations that would help promote economic growth.