HomeDespre ECTAEventsPolitica editorialaTrimite un articolParteneri / link-uri utileArchiveAbonamentContact

ISSN 1841-8678   (print)
ISSN 1844-0029   (online)


Archive ECTAP

Note: for the period 1994-2003 the archive of the magazine will not be available online

Supplements ECTAP

If you cannot open the pdf file you need Adobe Reader.
download Adobe Reader

Creative Commons License

Theoretical and Applied Economics
No. 4 / 2022 (633), Winter

A cross country analysis of components of economic growth through the growth accounting approach

Yashasvi PANDEY
IIS (Deemed to be University), Jaipur, India
IIS (Deemed to be University), Jaipur, India

Abstract. The method of growth accounting has been widely used for examining the components of economic growth for different countries. This method comprises of determining the relative shares of capital accumulation and Total Factor Productivity (TFP) in GDP growth (though the share of other factors can be also considered). This paper attempts to analyze the share of capital accumulation and TFP growth in economic growth for four countries groups – low income, lowermiddle income, upper-middle income and high-income (as classified by the World Bank), over the time period 1991-2019. From the results obtained, it can be concluded that the share of TFP growth has been relatively less as compared to the share of capital accumulation, except for lower-middle income countries. Also, lower and upper-middle income countries have made considerable progress in economic growth, as compared to the other two country groups. The results indicate that there is significant scope for boosting TFP growth by focusing on increased efficiency of labour and capital, which would definitely contribute to the long-term growth process.

Keywords: economic growth, capital deepening, total factor productivity, Solow residual, growth accounting.

Download the full article:  


Open acces




The Economicity. The Epistemic Landscape, Marin Dinu, 2016


ISSN 1841-8678 (ediția print) / ISSN 1844-0029 (ediția online)
© Copyright Asociația Generală a Economiștilor din România / Editura Economică
Redacția: Oficiul poștal 18, Ghișeul 3 - Căsuța poștală 31, București 014820, E-mail:

© 2006-2024 Theoretical and Applied Economics