Growth accounting for south Asian economies

Abstract

The study analyzes the sources of economic growth in the South Asian economies by decomposing the GDP growth into the catching-up growth and cutting-edge growth. It uses the Malmquist productivity index approach for GDP decomposition. The study also analyzes the income convergence and determinants of productivity growth. The study found that South Asia s GDP growth is mainly led by inputs accumulation. Whereas, the significant contribution of TFP growth is missing. The results found the positive relationship between trade, education, R and D and TFP Growth. newline