Abstract
Original language | Undefined/Unknown |
---|---|
Pages (from-to) | 282-291 |
Number of pages | 10 |
Journal | Economic Papers |
Volume | 35 |
Issue number | 3 |
DOIs | |
Publication status | Published - 2016 |
Keywords
- Central Asia, factor-utilisation, income accounts, expenditure accounts
Cite this
New Estimates of Factor Income Shares in Central Asian Economies. / Thampapillai, Dodo J.; Chen, Yvonne Jie; Bacani, Christopher Ivo; Baris, Omer.
In: Economic Papers, Vol. 35, No. 3, 2016, p. 282-291.Research output: Contribution to journal › Article
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TY - JOUR
T1 - New Estimates of Factor Income Shares in Central Asian Economies
AU - Thampapillai, Dodo J.
AU - Chen, Yvonne Jie
AU - Bacani, Christopher Ivo
AU - Baris, Omer
PY - 2016
Y1 - 2016
N2 - This paper illustrates a simple method to derive the income accounts in the context of limited macroeconomic data. The method is relevant for several developing countries where the statements on income are clearly absent and the national accounts are confined to statements on expenditure and/or value added. Furthermore, the method is illustrated for four Central Asian economies, namely Kazakhstan, Mongolia, Kyrgyzstan and Uzbekistan. A Cobb-Douglas factor utilisation function is then used to estimate factor income shares and the relative contributions of factors to economic growth. The analysis reveals limited contribution of labour to economic growth in these economies. This limitation appears to be strongest in the resource dependent economies of Kazakhstan and Mongolia.
AB - This paper illustrates a simple method to derive the income accounts in the context of limited macroeconomic data. The method is relevant for several developing countries where the statements on income are clearly absent and the national accounts are confined to statements on expenditure and/or value added. Furthermore, the method is illustrated for four Central Asian economies, namely Kazakhstan, Mongolia, Kyrgyzstan and Uzbekistan. A Cobb-Douglas factor utilisation function is then used to estimate factor income shares and the relative contributions of factors to economic growth. The analysis reveals limited contribution of labour to economic growth in these economies. This limitation appears to be strongest in the resource dependent economies of Kazakhstan and Mongolia.
KW - Central Asia, factor-utilisation, income accounts, expenditure accounts
U2 - 10.1111/1759-3441.12140
DO - 10.1111/1759-3441.12140
M3 - Article
VL - 35
SP - 282
EP - 291
JO - Economic Papers
JF - Economic Papers
SN - 0812-0439
IS - 3
ER -