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Openness, productivity and growth in the APEC economies

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  • Yanrui Wu

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Abstract

The 1980s and 1990s have witnessed the emergence of many Asian economies as important traders in the world. How has openness to trade and investment affected productivity and growth performance in those economies? This question is often tackled with the traditional growth regression method. However, the findings in the existing literature are still inconclusive. This paper proposes an alternative approach which is employed to examine the impact of openness on the sources of productivity and growth in the APEC economies. Specifically, the proposed technique distinguishes technological progress (innovation) from efficiency changes (catch-up) and attempts to isolate the influences of openness on these two distinct factors. The findings in this study may help gain fresh insight into the relationship between openness and productivity and growth performance in the APEC economies. Copyright Springer-Verlag 2004

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Bibliographic Info

Article provided by Springer in its journal Empirical Economics.

Volume (Year): 29 (2004)
Issue (Month): 3 (09)
Pages: 593-604

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Handle: RePEc:spr:empeco:v:29:y:2004:i:3:p:593-604

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Related research

Keywords: Openness; productivity; technical efficiency; technological progress; growth accounting and the APEC economies; C2; O4; O53;

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Cited by:
  1. Halkos, George & Tzeremes, Nickolaos, 2011. "A conditional full frontier modelling for analyzing environmental efficiency and economic growth," MPRA Paper 32839, University Library of Munich, Germany.
  2. Jianjun Wang & Li Li & Fan Zhang & Qiannan Xu, 2014. "Carbon Emissions Abatement Cost in China: Provincial Panel Data Analysis," Sustainability, MDPI, Open Access Journal, vol. 6(5), pages 2584-2600, May.
  3. Hu, Jin-Li & Kao, Chih-Hung, 2007. "Efficient energy-saving targets for APEC economies," Energy Policy, Elsevier, vol. 35(1), pages 373-382, January.
  4. Ku-Hsieh Chen & Hao-Yen Yang, 2011. "A cross-country comparison of productivity growth using the generalised metafrontier Malmquist productivity index: with application to banking industries in Taiwan and China," Journal of Productivity Analysis, Springer, vol. 35(3), pages 197-212, June.
  5. Zhang, Xing-Ping & Cheng, Xiao-Mei & Yuan, Jia-Hai & Gao, Xiao-Jun, 2011. "Total-factor energy efficiency in developing countries," Energy Policy, Elsevier, vol. 39(2), pages 644-650, February.
  6. Zhang, Xing-Ping & Tan, Ya-Kun & Tan, Qin-Liang & Yuan, Jia-Hai, 2012. "Decomposition of aggregate CO2 emissions within a joint production framework," Energy Economics, Elsevier, vol. 34(4), pages 1088-1097.
  7. Zhang, Xing-Ping & Zhang, Jing & Tan, Qin-Liang, 2013. "Decomposing the change of CO2 emissions: A joint production theoretical approach," Energy Policy, Elsevier, vol. 58(C), pages 329-336.
  8. Yanrui Wu & Bing Wang, 2007. "Environmental Regulation and Productivity Growth: A Study of the APEC Economies," Economics Discussion / Working Papers 07-17, The University of Western Australia, Department of Economics.

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