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Investment Stagnation in East Asia and Policy Implications for Sustainable Growth
financial crisis
Author Hak K. Pyo Series 06-01 Language English Date 2006.07.13
The overall assessment on the macroeconomic performance by Asian- Crisis countries is that the rebound of growth over the period of 1999-2000 has slowed down in the subsequent period of 2001-2003 mainly because of stagnant demand for domestic investment across all crisis-inflicted economies. (The rest is omitted.)
Executive Summary
I. Introduction
II. Stagnant Investment and Productivity Divergence of East Asian Economies
1. Productivity Convergence and Divergence
2. Decline in Rates of Return and Threshold Externality of Human Capital
III. Theoretical Explanation for Stagnant Investment
1. A Two-Sector Growth Model with Structural Rigidity
2.Acceleration Model and Growth Model with Asymmetric Adjustment Cost
IV. An Empirical Study for East Asian Economies
1. Investment Model with Acceleration Principle
2. Estimation of q-theory Investment Function
V. An Empirical Study for Korea
1. Gross Output Growth Accounting by 33 Sector (1984-2002)
2. The Decomposition by IT and Non-IT sector
VI. Policy Implications
1. Implications for Sustainable East Asian Growth
2. Policy Implications for Korea
References
Appendix to Section III.1
Appendix to Section IV.1
Appendix Tables to Section V.1
Appendix Tables to Section V.2
I. Introduction
II. Stagnant Investment and Productivity Divergence of East Asian Economies
1. Productivity Convergence and Divergence
2. Decline in Rates of Return and Threshold Externality of Human Capital
III. Theoretical Explanation for Stagnant Investment
1. A Two-Sector Growth Model with Structural Rigidity
2.Acceleration Model and Growth Model with Asymmetric Adjustment Cost
IV. An Empirical Study for East Asian Economies
1. Investment Model with Acceleration Principle
2. Estimation of q-theory Investment Function
V. An Empirical Study for Korea
1. Gross Output Growth Accounting by 33 Sector (1984-2002)
2. The Decomposition by IT and Non-IT sector
VI. Policy Implications
1. Implications for Sustainable East Asian Growth
2. Policy Implications for Korea
References
Appendix to Section III.1
Appendix to Section IV.1
Appendix Tables to Section V.1
Appendix Tables to Section V.2
Sales Info
| Quantity/Size | 128 |
|---|---|
| Sale Price | 7 $ |
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