Growth Accounting for a Technology Follower in a World of Ideas: The Case of Singapore

We account for the sources of Singapore's growth by being explicit about the channels through which Singapore benefits from international R&D spillovers. We find that 61.5% of Singapore's real GDP per worker growth over the 1970-2004 period is due to multifactor productivity growth. Mo...

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Main Author: HOON, Hian Teck
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Language:English
Published: Institutional Knowledge at Singapore Management University 2010
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Online Access:https://ink.library.smu.edu.sg/soe_research/447
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spelling sg-smu-ink.soe_research-14462018-05-31T08:27:18Z Growth Accounting for a Technology Follower in a World of Ideas: The Case of Singapore HOON, Hian Teck We account for the sources of Singapore's growth by being explicit about the channels through which Singapore benefits from international R&D spillovers. We find that 61.5% of Singapore's real GDP per worker growth over the 1970-2004 period is due to multifactor productivity growth. More specifically, 52.1% of the growth is explained by an increase in the effectiveness of accessing ideas through improvement in Singapore's educational quality as well as increases in machinery imports and foreign direct investment from the G5 countries. Taking account of technology transfer raises the average rate of return to capital to 12.5%. 2010-03-01T08:00:00Z text https://ink.library.smu.edu.sg/soe_research/447 info:doi/10.1016/j.asieco.2008.12.003 Research Collection School Of Economics eng Institutional Knowledge at Singapore Management University Technological diffusion; Idea production function; Multifactor productivity growth Asian Studies Growth and Development
institution Singapore Management University
building SMU Libraries
continent Asia
country Singapore
Singapore
content_provider SMU Libraries
collection InK@SMU
language English
topic Technological diffusion; Idea production function; Multifactor productivity growth
Asian Studies
Growth and Development
spellingShingle Technological diffusion; Idea production function; Multifactor productivity growth
Asian Studies
Growth and Development
HOON, Hian Teck
Growth Accounting for a Technology Follower in a World of Ideas: The Case of Singapore
description We account for the sources of Singapore's growth by being explicit about the channels through which Singapore benefits from international R&D spillovers. We find that 61.5% of Singapore's real GDP per worker growth over the 1970-2004 period is due to multifactor productivity growth. More specifically, 52.1% of the growth is explained by an increase in the effectiveness of accessing ideas through improvement in Singapore's educational quality as well as increases in machinery imports and foreign direct investment from the G5 countries. Taking account of technology transfer raises the average rate of return to capital to 12.5%.
format text
author HOON, Hian Teck
author_facet HOON, Hian Teck
author_sort HOON, Hian Teck
title Growth Accounting for a Technology Follower in a World of Ideas: The Case of Singapore
title_short Growth Accounting for a Technology Follower in a World of Ideas: The Case of Singapore
title_full Growth Accounting for a Technology Follower in a World of Ideas: The Case of Singapore
title_fullStr Growth Accounting for a Technology Follower in a World of Ideas: The Case of Singapore
title_full_unstemmed Growth Accounting for a Technology Follower in a World of Ideas: The Case of Singapore
title_sort growth accounting for a technology follower in a world of ideas: the case of singapore
publisher Institutional Knowledge at Singapore Management University
publishDate 2010
url https://ink.library.smu.edu.sg/soe_research/447
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