An anatomy of economic growth in Taiwan

Tuan Yuen Kong; Yun Peng Chu; Chin Fu Hsu; Norden E. Huang

doi:10.1142/S179353691000046X

An anatomy of economic growth in Taiwan

Tuan Yuen Kong, Yun Peng Chu, Chin Fu Hsu, Norden E. Huang

School of Health Care Administration

Research output: Contribution to journal › Article › peer-review

Abstract

This paper revises Sedgley's model of innovation-driven endogenous growth and applies it to the case of Taiwan. The methods of empirical mode decomposition (EMD) and constrained vector error correction (VEC model or VECM) are used in the process. The EMD is used to filter out very short term fluctuations in growth, while the VECM is used to detect the various factors that affect economic growth, including human capital, public and private capital, knowledge capital and public institutions (the index of protection of property rights). It is the first attempt to include such a rich set of factors affecting economic growth at least for the studies of Taiwan.

Original language	English
Pages (from-to)	217-231
Number of pages	15
Journal	Advances in Adaptive Data Analysis
Volume	2
Issue number	2
DOIs	https://doi.org/10.1142/S179353691000046X
Publication status	Published - Apr 2010

Keywords

Economic growth
empirical mode decomposition
vector error correction

ASJC Scopus subject areas

Information Systems
Computer Science Applications

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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10.1142/S179353691000046X

Cite this

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AB - This paper revises Sedgley's model of innovation-driven endogenous growth and applies it to the case of Taiwan. The methods of empirical mode decomposition (EMD) and constrained vector error correction (VEC model or VECM) are used in the process. The EMD is used to filter out very short term fluctuations in growth, while the VECM is used to detect the various factors that affect economic growth, including human capital, public and private capital, knowledge capital and public institutions (the index of protection of property rights). It is the first attempt to include such a rich set of factors affecting economic growth at least for the studies of Taiwan.

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An anatomy of economic growth in Taiwan

Abstract

Keywords

ASJC Scopus subject areas

UN SDGs

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