Growth Accounting in the Open Economy: Parametric and Nonparametric Estimates

Article type: Research Article

Authors: Kohli, Ulrich^a

Affiliations: [a] Department of Economics, University of Geneva, CH-1211 Geneva 4, Switzerland

Abstract: The purpose of this paper is to identify the individual contributions of the major factors explaining U.S. nominal GNP growth in an open-economy setting: technological change, increases in the endowments of labor and capital, movements in the terms of trade, and domestic output price changes. We follow in turns a non parametric and a parametric approach. Both have a tight theoretical foundation, being based on the GNP function approach to modeling the production sector of an open economy.

DOI: 10.3233/JEM-1990-16301

Journal: Journal of Economic and Social Measurement, vol. 16, no. 3, pp. 125-136, 1990