Brazil's Growth Performance: A Comparative Perspective to the Asian Giants

We compare economic efficiencies in Brazil, India, and China, where economic efficiency measures the gap between potential and actual output for a given input combination and technological factor. We use stochastic production frontier models to measure the contributions of factors of production and...

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Main Authors:	Nazmi, Nader, Revilla, Julio E.
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Macroeconomics: Production E230 Macroeconomic Analyses of Economic Development O110 Measurement of Economic Growth Aggregate Productivity Cross-Country Output Convergence O470 Comparative Studies of Countries O570 Socialist Systems and Transitional Economies: National Income, Product, and Expenditure Money Inflation P240
Online Access:	http://hdl.handle.net/10986/4806

id	okr-10986-4806
recordtype	oai_dc
spelling	okr-10986-48062021-04-23T14:02:19Z Brazil's Growth Performance: A Comparative Perspective to the Asian Giants Nazmi, Nader Revilla, Julio E. Macroeconomics: Production E230 Macroeconomic Analyses of Economic Development O110 Measurement of Economic Growth Aggregate Productivity Cross-Country Output Convergence O470 Comparative Studies of Countries O570 Socialist Systems and Transitional Economies: National Income, Product, and Expenditure Money Inflation P240 We compare economic efficiencies in Brazil, India, and China, where economic efficiency measures the gap between potential and actual output for a given input combination and technological factor. We use stochastic production frontier models to measure the contributions of factors of production and technology to growth and estimate non-positive error terms that capture production inefficiencies in each country. The results suggest that China and India had relatively inefficient production in the early 1980s but have since improved production efficiency substantially. In the same period, production efficiency in Brazil has lagged those of China and India. The gap between Brazil's production efficiency and those of its Asian peers has narrowed in recent years. However, production remains more efficient in China and India, supporting more rapid growth in these countries relative to Brazil. 2012-03-30T07:29:50Z 2012-03-30T07:29:50Z 2011 Journal Article Economic Change and Restructuring 15739414 http://hdl.handle.net/10986/4806 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article Brazil India China
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Macroeconomics: Production E230 Macroeconomic Analyses of Economic Development O110 Measurement of Economic Growth Aggregate Productivity Cross-Country Output Convergence O470 Comparative Studies of Countries O570 Socialist Systems and Transitional Economies: National Income, Product, and Expenditure Money Inflation P240
spellingShingle	Macroeconomics: Production E230 Macroeconomic Analyses of Economic Development O110 Measurement of Economic Growth Aggregate Productivity Cross-Country Output Convergence O470 Comparative Studies of Countries O570 Socialist Systems and Transitional Economies: National Income, Product, and Expenditure Money Inflation P240 Nazmi, Nader Revilla, Julio E. Brazil's Growth Performance: A Comparative Perspective to the Asian Giants
geographic_facet	Brazil India China
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	We compare economic efficiencies in Brazil, India, and China, where economic efficiency measures the gap between potential and actual output for a given input combination and technological factor. We use stochastic production frontier models to measure the contributions of factors of production and technology to growth and estimate non-positive error terms that capture production inefficiencies in each country. The results suggest that China and India had relatively inefficient production in the early 1980s but have since improved production efficiency substantially. In the same period, production efficiency in Brazil has lagged those of China and India. The gap between Brazil's production efficiency and those of its Asian peers has narrowed in recent years. However, production remains more efficient in China and India, supporting more rapid growth in these countries relative to Brazil.
format	Journal Article
author	Nazmi, Nader Revilla, Julio E.
author_facet	Nazmi, Nader Revilla, Julio E.
author_sort	Nazmi, Nader
title	Brazil's Growth Performance: A Comparative Perspective to the Asian Giants
title_short	Brazil's Growth Performance: A Comparative Perspective to the Asian Giants
title_full	Brazil's Growth Performance: A Comparative Perspective to the Asian Giants
title_fullStr	Brazil's Growth Performance: A Comparative Perspective to the Asian Giants
title_full_unstemmed	Brazil's Growth Performance: A Comparative Perspective to the Asian Giants
title_sort	brazil's growth performance: a comparative perspective to the asian giants
publishDate	2012
url	http://hdl.handle.net/10986/4806
_version_	1764392834902786048

Brazil's Growth Performance: A Comparative Perspective to the Asian Giants

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