Sources of output growth in Singapore's services sector
AbstractAs services are an important engine of growth for Singapore, this paper attempts to empirically investigate the sources of output growth in this sector to shed light on the debate sparked off by Krugman (1994) on the miraculous or mythical growth of Singapore and the other newly industralizing Southeast Asian economies. This is done by using the stochastic production frontier model with panel data. Unlike existing studies which used the conventional growth accounting approach to decompose output growth into just input growth and total factor productivity (TFP) growth, this approach further decomposes TFP growth into technological progress and changes in technical efficiency.
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Bibliographic InfoArticle provided by Springer in its journal Empirical Economics.
Volume (Year): 25 (2000)
Issue (Month): 3 ()
Note: received: December 1998 / Final version received: February 2000
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Find related papers by JEL classification:
- C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Longitudinal Data; Spatial Time Series
- L8 - Industrial Organization - - Industry Studies: Services
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- Boon Lee, 2011. "Distribution Trade Sector Output and Productivity Performance: A Case Study of Singapore and Hong Kong 2001-2008," School of Economics and Finance Discussion Papers and Working Papers Series 270, School of Economics and Finance, Queensland University of Technology.
- Boon L. Lee, 2013.
"Productivity, technical and efficiency change in Singapore's services sector, 2005 to 2008,"
Taylor and Francis Journals, vol. 45(15), pages 2023-2029, May.
- Boon Lee, 2011. "Productivity, Technical and Efficiency Change in Singapore's Services Sector, 2005 to 2008," School of Economics and Finance Discussion Papers and Working Papers Series 269, School of Economics and Finance, Queensland University of Technology.
- Mahadevan, Renuka & Kim, Sangho, 2003. "Is output growth of Korean manufacturing firms productivity-driven?," Journal of Asian Economics, Elsevier, vol. 14(4), pages 669-678, August.
- Hendrik P. van Dalen & Aico P. van Vuuren, 2003. "Greasing the Wheels of Trade," Tinbergen Institute Discussion Papers 03-066/1, Tinbergen Institute.
- Boon Lee, 2013. "Productivity Performance of Singapore’s Retail Sector: A Two-Stage Non-Parametric Approach," Economic Analysis and Policy (EAP), Queensland University of Technology (QUT), School of Economics and Finance, vol. 43(1), pages 67-78, March.
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