On measuring total factor productivity growth in Singapore's manufacturing industries
This paper concerns the recently published article on Singapore's manufacturing industries' total factor productivity growth (TFPG) by Leung (Applied Economics Letters, 4, 1997). While agreeing with his overall results, the issues discussed in this paper are about the limitations in the method of his analysis and explanation. The stochastic production frontier approach is also suggested as an alternative method to study TFPG.
Volume (Year): 6 (1999)
Issue (Month): 5 ()
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