Distribution Trade Sector Output and Productivity Performance: A Case Study of Singapore and Hong Kong 2001-2008
This paper employs the industry of origin approach to compare value added and productivity of Singapore and Hong Kong's Distribution Trade Sector for the period 2001-2008. The direct comparison between these two economies was motivated by the statements of the Singapore government: Its services sector, especially in Retail Trade, lags behind Hong Kong's productivity levels. The results show that since 2005, Singapore's Distribution performance in terms of labour productivity was below Hong Kong's level, which was largely due to poor performance in its Retail Trade sector arising from an influx of foreign workers. Results from total factor productivity (TFP) between these two economies also suggest that Hong Kong's better performance (since 2005) was largely due to its ability to employ more educated and trained workers with limited use of capital. The results suggest that polices that worked in Hong Kong may not work for Singapore because its population is more diverse which poses a challenge to policy-makers in raising its productivity level.
|Date of creation:||06 Sep 2011|
|Contact details of provider:|| Postal: GPO Box 2434, BRISBANE QLD 4001|
Web page: http://www.bus.qut.edu.au/faculty/economics/
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Keogh-Brown, Marcus Richard & Smith, Richard David, 2008. "The economic impact of SARS: How does the reality match the predictions?," Health Policy, Elsevier, vol. 88(1), pages 110-120, October.
- Renuka Mahadevan, 2002. "A frontier approach to measuring total factor productivity growth in Singapore’s services sector," Journal of Economic Studies, Emerald Group Publishing, vol. 29(1), pages 48-58, January.
- Alan Barrett & Philip J. O'Connell, 2001.
"Does Training Generally Work? The Returns to in-Company Training,"
Cornell University, ILR School, vol. 54(3), pages 647-662, April.
- Barrett, Alan, 1998. "Does Training Generally Work? The Returns to In-Company Training," CEPR Discussion Papers 1879, C.E.P.R. Discussion Papers.
- Barrett, Alan & O'Connell, Philip J., 1999. "Does Training Generally Work? The Returns to In-Company Training," IZA Discussion Papers 51, Institute for the Study of Labor (IZA).
- Bart van Ark & Erik Monnikhof & Nanno Mulder, 1999. "Productivity in services: an international comparative perspective," Canadian Journal of Economics, Canadian Economics Association, vol. 32(2), pages 471-499, April.
- Lorraine Dearden & Howard Reed & John Van Reenen, 2006. "The Impact of Training on Productivity and Wages: Evidence from British Panel Data," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 68(4), pages 397-421, 08.
- Lorraine Dearden & Howard Reed & John Van Reenen, 2005. "The Impact of Training on Productivity and Wages: Evidence from British Panel Data," CEP Discussion Papers dp0674, Centre for Economic Performance, LSE.
- Lorraine Dearden & Howard Reed & John Van Reenen, 2005. "The impact of training on productivity and wages: evidence from British panel data," IFS Working Papers W05/16, Institute for Fiscal Studies.
- Lorraine Dearden & Howard Reed & John Van Reenen, 2005. "The impact of training on productivity and wages : evidence from British panel data," Economic History Working Papers 779, London School of Economics and Political Science, Department of Economic History.
- Nancy Kong & Jose Tongzon, 2006. "Estimating total factor productivity growth in Singapore at sectoral level using data envelopment analysis," Applied Economics, Taylor & Francis Journals, vol. 38(19), pages 2299-2314.
- Li, Hongyi & Wei, Xiangdong & Xie, Danyang, 2009. "Competitiveness of the Hong Kong economy," China Economic Review, Elsevier, vol. 20(3), pages 573-586, September.
- Li, Hongyi & Wei, Xiangdong & Xie, Danyang, 2007. "Competitiveness of the Hong Kong economy," MPRA Paper 37345, University Library of Munich, Germany.
- R. Quentin Grafton & Stephen Knowles & P. Dorian Owen, 2004. "Total Factor Productivity, Per Capita Income and Social Divergence," The Economic Record, The Economic Society of Australia, vol. 80(250), pages 302-313, 09.
- Rachel Griffith, 2007. "Technology, Productivity and Public Policy," Fiscal Studies, Institute for Fiscal Studies, vol. 28(3), pages 273-291, 09.
- Hill, T P, 1977. "On Goods and Services," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 23(4), pages 315-338, December.
- Alwyn Young, 1995. "The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience," The Quarterly Journal of Economics, Oxford University Press, vol. 110(3), pages 641-680.
- Harry J. Holzer & Richard N. Block & Marcus Cheatham & Jack H. Knott, 1993. "Are Training Subsidies for Firms Effective? The Michigan Experience," ILR Review, Cornell University, ILR School, vol. 46(4), pages 625-636, July.
- Renuka Mahadevan, 2000. "Sources of output growth in Singapore's services sector," Empirical Economics, Springer, vol. 25(3), pages 495-506. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:qut:dpaper:270. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Angela Fletcher)
If references are entirely missing, you can add them using this form.