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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Main Author: Sng, Hui Ying
Other Authors: Chia, Wai Mun
Format: Book Chapter
Language:English
Published: World Scientific 2015
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Online Access:https://hdl.handle.net/10356/105406
http://hdl.handle.net/10220/26225
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Institution: Nanyang Technological University
Language: English
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spelling 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
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
language English
topic DRNTU::Social sciences::Economic development::Singapore
spellingShingle DRNTU::Social sciences::Economic development::Singapore
Sng, Hui Ying
Capital accumulation, capital-output ratios and total factor productivity in Singapore
description 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
_version_ 1683492963510910976