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Productivity Growth of East Asia Economies' Manufacturing: A Decomposition Analysis

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Author Info
Liao, Hailin (Loughborough University)
Mark Holmes
Thomas Weyman-Jones
David Llewellyn

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Abstract

Applying a stochastic production frontier to sector-level data within manufacturing, this paper examines total factor productivity (TFP) growth for eight East Asian economies during 1963-1998, using both single country and cross-country regression. The analysis focuses on the trend of technological progress (TP) and technical efficiency change (TEC), and the role of productivity change in economic growth. The empirical results reveal that although input factor accumulation is still the main source for East Asian economies® growth, TFP growth is accounting for an increasing and important proportion of output growth, among which the improved TEC plays a crucial role in productivity growth.

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File URL: http://repec.org/res2003/Liao.pdf
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Publisher Info
Paper provided by Royal Economic Society in its series Royal Economic Society Annual Conference 2003 with number 140.

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Date of creation: 04 Jun 2003
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Handle: RePEc:ecj:ac2003:140

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Web page: http://www.res.org.uk/society/annualconf.asp
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Related research
Keywords: total factor productivity technical efficiency change technological progress stochastic production frontier East Asian economy

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Find related papers by JEL classification:
D24 - Microeconomics - - Production and Organizations - - - Production; Capital and Total Factor Productivity; Capacity
L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
O30 - Economic Development, Technological Change, and Growth - - Technological Change - - - General
O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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This page was last updated on 2008-9-27.

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