An International Comparison of the TFP Levels and the Productivity Convergence of Japanese, Korean, Taiwanese and Chinese Listed Firms
AbstractIn this paper, we analyzed productivity catching up at the firm level in the Japanese, Korean, Taiwanese and Chinese manufacturing sector using the distance from the global technological frontier as a direct measure of the potential for technological frontier. We also examined the role of the absorption capacity for the technological catch-up by including the variables, such as R&D expenditure and foreign ownership in our empirical estimation model. Our main results can be summarized as follows. First, although Japanese firms enjoy the highest average TFP level in many industries, their TFP growth rate has been relatively low during the past two decades. Taiwanese and Korean firms have achieved considerably high TFP growth in certain industries, and the some firms in the industries almost caught up or exceeded the Japanese firms' TFP level. The average TFP level of Chinese firms is still much lower than that of Japanese, Korean and Taiwanese firms in many industries. Second, in Korea, the TFP levels of low-performing firms are approaching those of the national frontier firms at a more rapid pace than in other countries. In addition, Korean firms try to catch up the global frontier once they reached to the national frontier level TFP. Chinese firms are very slow in catching up and the only engine of the knowledge creation is firms located in the trade-oriented coast. Third, in the all four countries, the speed of the convergence of the firms far from the national frontier is faster than the firms near the frontier.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Institute of Economic Research, Hitotsubashi University in its series Global COE Hi-Stat Discussion Paper Series with number gd09-089.
Date of creation: Oct 2009
Date of revision:
Other versions of this item:
- Kyoji Fukao & Tomohiko Inui & Keiko Ito & Young Gak Kim & Tangjun Yuan, 2011. "An international comparison of the TFP levels and the productivity convergence of Japanese, Korean, Taiwanese and Chinese listed firms," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 9(2), pages 127-150.
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Flora Bellone & Kozo Kiyota & Toshiyuki Matsuura & Patrick Musso & Lionel Nesta, 2012.
"International Productivity Gaps and the Export Status of Firms: Evidence from France and Japan,"
GREDEG Working Papers
2012-07, Groupe de REcherche en Droit, Économie, Gestion (GREDEG CNRS), University of Nice Sophia Antipolis, revised Apr 2013.
- Flora BELLONE & KIYOTA Kozo & MATSUURA Toshiyuki & Patrick MUSSO & Lionel NESTA, 2013. "International Productivity Gaps and the Export Status of Firms: Evidence from France and Japan," Discussion papers 13011, Research Institute of Economy, Trade and Industry (RIETI).
- MIYAKAWA Daisuke & TAKIZAWA Miho, 2013. "Performance of Newly Listed Firms: Evidence from Japanese firm and venture capital data," Discussion papers 13019, Research Institute of Economy, Trade and Industry (RIETI).
- Hayakawa, Kazunobu & Tanaka, Kiyoyasu, 2011. "Export platform FDI and firm heterogeneity," IDE Discussion Papers 310, Institute of Developing Economies, Japan External Trade Organization(JETRO).
- YoungGak KIM & ITO Keiko, 2013. "R&D Investment and Productivity: A comparative study of Japanese and Korean firms," Discussion papers 13043, Research Institute of Economy, Trade and Industry (RIETI).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Tatsuji Makino).
If references are entirely missing, you can add them using this form.