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Technical change and total factor productivity growth: a study of Singapore's manufacturing industr

香港中文大学 辅仁网/2017-07-06

Technical change and total factor productivity growth: a study of Singapore's manufacturing industries
Publication in refereed journal


香港中文大学研究人员 ( 现职)
邓克勤教授 (经济学系)


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引用次数
Web of Sciencehttp://aims.cuhk.edu.hk/converis/portal/Publication/3WOS source URL

其它资讯

摘要The paper focuses on the difference between the dual rate of technical change and the total factor productivity growth (TFPG). It estimates directly the dual rate of technical change from an integrated model that describes the cost structure and equilibrium condition of Singapore's manufacturing industries. It then calculates TFPG using the conventional productivity accounting approach. By showing the difference between the two measures, it is demonstrated that the non-parametric calculated TFPG cannot be interpreted wholly as a cost saving technical change since the preconditions required in the calculation of TFPG are not met. It is found that the majority of Singapore's manufacturing industries exhibit, on the one hand, substantial increasing returns to scale and, on the other hand, no significant technical change. However, the largest and fastest growing industries such as Electronic Products and Components show both significant cost-saving technical progress and decreasing returns to scale.

着者Bloch H, Tang SHK
期刊名称APPLIED ECONOMICS LETTERS
出版年份1999
月份10
日期1
卷号6
期次10
出版社ROUTLEDGE
页次697 - 701
国际标準期刊号1http://aims.cuhk.edu.hk/converis/portal/Publication/350-4851
电子国际标準期刊号1466-4291
语言英式英语

Web of Science 学科类别Business & Economics; Economics; ECONOMICS

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