Using the Asymptotically Ideal Model to estimate the impact of knowledge on labour productivity: An application to Taiwan in the 1990s
AbstractThis paper examines the impact of embodied and disembodied knowledge on labour productivity in Taiwan’s manufacturing industry, using the Asymptotically Ideal Model. The model is estimated on a panel of 27,754 firms observed from 1992 to 1995, using three estimations procedures: fixed-effect regression, random-effect GLS, and Hausman-Taylor estimation. Our findings show that, in traditional industries, labour productivity is mostly driven by embodied knowledge, whereas in high-tech industries, labour productivity depends on both embodied and disembodied knowledge. The latter result may be the consequence of the Industrial Upgrading Statute implemented in Taiwan after 1991.
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Bibliographic InfoPaper provided by Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg in its series Working Papers of BETA with number 2006-34.
Date of creation: 2006
Date of revision:
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Asymptotically Ideal Model; Disembodied Knowledge; Embodied Knowledge; Labour Productivity; Newly Industrialized Countries.;
Find related papers by JEL classification:
- C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
- O38 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Government Policy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-01-13 (All new papers)
- NEP-EFF-2007-01-13 (Efficiency & Productivity)
- NEP-KNM-2007-01-13 (Knowledge Management & Knowledge Economy)
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