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The main objective of this paper is to use the balance of payment constraint growth model to examine the major determinants of income growth in South Korea, emphasizing the importance of exports, capital inflows, and relative prices. The autoregressive distributed lag approach to cointegration is employed to specify the short‐ and long‐run determinants of income growth. The main empirical results...
This paper measures and assesses the variation in total factor productivity (TFP) growth among Canadian provinces in crops and livestock production over the period 1940–2009. It also determines if agricultural productivity growth in Canada has recently slowed down as indicated by earlier studies. The paper uses the stochastic frontier approach that incorporates inefficiency to decompose TFP growth...
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