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Total factor productivity measures for Hong Kong telephone

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  • Lam, Pun-Lee
  • Lam, Teresa

Abstract

Since the early 1960s, the Hong Kong Telephone Company (HKTC)--the dominant firm in Hong Kong's local telephone market--has undergone several regulatory reforms. The company has been subject to price control, rate-of-return regulation and price-cap regulation. This paper estimates the total factor productivity (TFP) growth of HKTC. The empirical results show that the estimated TFP growth of HKTC was 2.31-3.56% per year between 1964 and 1998. TFP growth varied substantially under different regulatory regimes, and the importance of the scale effect relative to the technological effect diminished over time.

Suggested Citation

  • Lam, Pun-Lee & Lam, Teresa, 2005. "Total factor productivity measures for Hong Kong telephone," Telecommunications Policy, Elsevier, vol. 29(1), pages 53-68, February.
    • Handle: RePEc:eee:telpol:v:29:y:2005:i:1:p:53-68
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    Citations

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    Cited by:

    1. Xueqing Wang & Yuan Chen & Bingsheng Liu & Yinghua Shen & Hui Sun, 2013. "A total factor productivity measure for the construction industry and analysis of its spatial difference: a case study in China," Construction Management and Economics, Taylor & Francis Journals, vol. 31(10), pages 1059-1071, October.
    2. Lin, Xuchen & Lu, Ting-Jie & Chen, Xia, 2018. "Technological change and total factor productivity growth: evidence from China's telecommunications industry," 22nd ITS Biennial Conference, Seoul 2018. Beyond the boundaries: Challenges for business, policy and society 190363, International Telecommunications Society (ITS).
    3. Byambaakhuu, Badamasuren & Kwon, Youngsun & Rho, Jaejeung, 2012. "Productivity grwoth and efficiency changes in the Mongolian mobile communications industry," 19th ITS Biennial Conference, Bangkok 2012: Moving Forward with Future Technologies - Opening a Platform for All 72521, International Telecommunications Society (ITS).
    4. Liao, Chun-Hsiung & Lien, Chun-Yu, 2012. "Measuring the technology gap of APEC integrated telecommunications operators," Telecommunications Policy, Elsevier, vol. 36(10), pages 989-996.
    5. Sergey Valery Samoilenko, 2013. "Investigating factors associated with the spillover effect of investments in telecoms: Do some transition economies pay too much for too little?," Information Technology for Development, Taylor & Francis Journals, vol. 19(1), pages 40-61, January.
    6. Massón-Guerra, José Luis, 2007. "Evolución de la Eficiencia Productiva de una empresa privatizada: El Caso del Grupo Telefónica de España [Productive Efficiency in Telefonica]," MPRA Paper 13463, University Library of Munich, Germany.
    7. Mattsson, Pontus, 2019. "The impact of labour subsidies on total factor productivity and profit per employee," Economic Analysis and Policy, Elsevier, vol. 62(C), pages 325-341.
    8. Liao, Chun-Hsiung & Lin, Hsing-Yung, 2011. "Measuring operational efficiency of mobile operators in Japan and Korea," Japan and the World Economy, Elsevier, vol. 23(1), pages 48-57, January.
    9. Kang, Chao-Chung & Wu, Chin-Chia, 2013. "Statistical precision of productivity change: A bootstrap application to Taiwan’s telecommunications industry," Telecommunications Policy, Elsevier, vol. 37(11), pages 1015-1032.

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