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.
Uhr, J. G. Z.; Weizenmann, F.; Uhr, D. d. A. P.; Ferreira, M. F.; Moraes, I. S. Contribution of the Strategic Economic Plan to Singapore’s Long-term Growth: A Synthetic Control Approach. Economic Analysis Letters, 2024, 3, 61. https://doi.org/10.58567/eal03030002
AMA Style
Uhr J G Z, Weizenmann F, Uhr D d A P, Ferreira M F, Moraes I S. Contribution of the Strategic Economic Plan to Singapore’s Long-term Growth: A Synthetic Control Approach. Economic Analysis Letters; 2024, 3(3):61. https://doi.org/10.58567/eal03030002
Chicago/Turabian Style
Uhr, Júlia G. Z.; Weizenmann, Felipe; Uhr, Daniel d. A. P.; Ferreira, Mariana F.; Moraes, Igor S. 2024. "Contribution of the Strategic Economic Plan to Singapore’s Long-term Growth: A Synthetic Control Approach" Economic Analysis Letters 3, no.3:61. https://doi.org/10.58567/eal03030002
APA style
Uhr, J. G. Z., Weizenmann, F., Uhr, D. d. A. P., Ferreira, M. F., & Moraes, I. S. (2024). Contribution of the Strategic Economic Plan to Singapore’s Long-term Growth: A Synthetic Control Approach. Economic Analysis Letters, 3(3), 61. https://doi.org/10.58567/eal03030002
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