Capital accumulation, capital-output ratios and total factor productivity in Singapore
Capital, together with labor, land and technology, are the key factors of production.Various growth theories relate the growth of capital to the growth of output. In Rostow’s growth model, an increase of investment rate to 10% or more is necessary before growth can gather enough momentum to take...
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sg-ntu-dr.10356-1054062020-10-19T05:14:40Z Capital accumulation, capital-output ratios and total factor productivity in Singapore Sng, Hui Ying Chia, Wai Mun Sng, Hui Ying School of Humanities and Social Sciences DRNTU::Social sciences::Economic development::Singapore Capital, together with labor, land and technology, are the key factors of production.Various growth theories relate the growth of capital to the growth of output. In Rostow’s growth model, an increase of investment rate to 10% or more is necessary before growth can gather enough momentum to take-off. In the Harrod-Domar model, the growth rate of national output is equal to the growth rate of capital. In Lim’s S-Curve hypothesis (1996, 2004), the rapid accumulation of physical capital is an important driver behind the superlative growth of the Newly Industrializing Economies (NIEs). De Long and Summers (1991, 1993) have also shown that investment in machinery and equipment has a strong association with growth. Accepted version 2015-07-02T06:47:48Z 2019-12-06T21:50:38Z 2015-07-02T06:47:48Z 2019-12-06T21:50:38Z 2008 2008 Book Chapter Sng, H. Y. (2008). Capital accumulation, capital-output ratios and total factor productivity in Singapore. In W. M. Chia, & H. Y. Sng (Eds.), Singapore and Asia in a Globalized World: Contemporary Economic Issues and Policies. Singapore: World Scientific. 9789812815583 https://hdl.handle.net/10356/105406 http://hdl.handle.net/10220/26225 en Capital accumulation, capital-output ratios and total factor productivity in Singapore, Sng Hui Ying and Chia Wai Mun, Copyright @ 2008 with permission from World Scientific Publishing Co. Pte. Ltd. application/pdf World Scientific |
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DRNTU::Social sciences::Economic development::Singapore Sng, Hui Ying Capital accumulation, capital-output ratios and total factor productivity in Singapore |
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Capital, together with labor, land and technology, are the key factors
of production.Various growth theories relate the growth of capital to
the growth of output. In Rostow’s growth model, an increase of
investment rate to 10% or more is necessary before growth can
gather enough momentum to take-off. In the Harrod-Domar model,
the growth rate of national output is equal to the growth rate of capital.
In Lim’s S-Curve hypothesis (1996, 2004), the rapid accumulation
of physical capital is an important driver behind the superlative
growth of the Newly Industrializing Economies (NIEs). De Long and
Summers (1991, 1993) have also shown that investment in machinery
and equipment has a strong association with growth. |
author2 |
Chia, Wai Mun |
author_facet |
Chia, Wai Mun Sng, Hui Ying |
format |
Book Chapter |
author |
Sng, Hui Ying |
author_sort |
Sng, Hui Ying |
title |
Capital accumulation, capital-output ratios and total factor productivity in Singapore |
title_short |
Capital accumulation, capital-output ratios and total factor productivity in Singapore |
title_full |
Capital accumulation, capital-output ratios and total factor productivity in Singapore |
title_fullStr |
Capital accumulation, capital-output ratios and total factor productivity in Singapore |
title_full_unstemmed |
Capital accumulation, capital-output ratios and total factor productivity in Singapore |
title_sort |
capital accumulation, capital-output ratios and total factor productivity in singapore |
publisher |
World Scientific |
publishDate |
2015 |
url |
https://hdl.handle.net/10356/105406 http://hdl.handle.net/10220/26225 |
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1683492963510910976 |