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Efficiency And Productivity Of Singapore'S Manufacturing Sector 2001–2010: An Analysis Using Bootstrapped Truncated Approach

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  • BOON L. LEE

    (School of Economics and Finance, Queensland University of Technology, GPO Box 2434, Brisbane, QLD 4001, Australia)

Abstract

This paper seeks to explain the lagging productivity in Singapore's manufacturing noted in the statements of the Economic Strategies Committee (ESC) Report 2010. Two methods are employed: the Malmquist productivity to measure total factor productivity (TFP) change and Simar and Wilson's (2007) bootstrapped truncated regression approach which first derives bias-corrected efficiency estimates before being regressed against explanatory variables to help quantify sources of inefficiencies. The findings reveal that growth in TFP was attributed to efficiency change with no technical progress. Sources of efficiency were attributed to quality of worker and flexible work arrangements while the use of foreign workers lowered efficiency.

Suggested Citation

  • Boon L. Lee, 2014. "Efficiency And Productivity Of Singapore'S Manufacturing Sector 2001–2010: An Analysis Using Bootstrapped Truncated Approach," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 59(05), pages 1-17.
    • Handle: RePEc:wsi:serxxx:v:59:y:2014:i:05:n:s0217590814500398
    DOI: 10.1142/S0217590814500398
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    More about this item

    Keywords

    Bootstrap truncated regression; technical efficiency; data envelopment analysis; Malmquist productivity; Singapore manufacturing; C14; D24; L60; O14; O33;
    All these keywords.

    JEL classification:

    • C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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