Contribution of the Strategic Economic Plan to Singapore’s Long-term Growth: A Synthetic Control Approach-Reference-Cited by-同舟云学术

Contribution of the Strategic Economic Plan to Singapore’s Long-term Growth: A Synthetic Control Approach

Published:2024-05-07 Issue:3 Volume:3 Page:37-48
ISSN:2972-3272
Container-title:Economic Analysis Letters
language:en
Short-container-title:EAL

Author:

Uhr Júlia Gallego Ziero,Weizenmann Felipe,Uhr Daniel de Abreu Pereira,Ferreira Mariana Fialho,Moraes Igor Serpa

Abstract

<p class="MsoNormal" style="margin-top: 12pt; text-align: justify;"><span lang="EN-US" style="font-family: 'times new roman', times, serif; font-size: 14pt;">We assess the impact of the Strategic Economic Plan on Singapore’s long-term GDP per capita. To our knowledge, we are the first to evaluate the effect of the 1991 plan on Singapore’s successful growth trajectory using methodologies aimed at causal identification. In other words, this article applies the Synthetic Control method and World Bank data from 1970 to 2018. We estimate an average increase of 6,641.71 US$ in Singapore’s GDP per capita. Results remain robust to placebo and leave-one-out tests and the Synthetic Difference-in-Differences method.</span></p>

Publisher

Anser Press Pte. Ltd.

Link

https://www.anserpress.org/journal/eal/3/3/61/pdf

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