Available:*
Library | Item Barcode | Call Number | Material Type | Item Category 1 | Status |
|---|---|---|---|---|---|
Searching... | 30000010082806 | HC79.I52 M33 2004 | Open Access Book | Book | Searching... |
On Order
Summary
Summary
Productivity growth has long been recognised by both economists and non-economists as being necessary for all economies aspiring to raise their standard of living. Thus, Renuka Mahadevan aims to highlight the conceptual differences, advantages and disadvantages of the various total factor productivity (TFP) measures and suggests processes and strategies for choosing the best technique to draw up policies for sustainable growth.
Empirical results from six case studies are presented, and the analysis of the selected Asia Pacific economies is not only informative but also allows for variety in issues concerning productivity analysis. Consequently, policy measures based on each of the economies' experiences are carefully measured out in relation to various aspects such as trade liberalisation, industrial policy and other microeconomic and macroeconomic policies.
The nature of the applied work in the book is refreshing and will therefore appeal to policymakers. It is also a valuable reference material for economists and researchers in industry and government, as well as graduate students who are interested in the Asia Pacific region and in particular, in productivity growth analysis.
Author Notes
Renuka Mahadevan is at the University of Queensland, Australia
Table of Contents
| List of figures | p. vii |
| List of tables | p. viii |
| List of appendices | p. x |
| Abbreviations | p. xi |
| Acknowledgements | p. xii |
| Part I Productivity and Efficiency Measures | |
| 1 Introduction | p. 3 |
| 1.1 Introduction | p. 4 |
| 1.2 The concept of productivity and efficiency | p. 4 |
| 1.3 Outline of papers | p. 11 |
| 2 Total factor productivity growth estimation | p. 15 |
| 2.1 Introduction | p. 15 |
| 2.2 Approaches to TFP measurement | p. 15 |
| 2.3 The non-frontier approach | p. 18 |
| 2.4 The frontier approach | p. 21 |
| 2.5 Measurement issues | p. 29 |
| 2.6 To measure or not to measure TFP growth? | p. 36 |
| 3 The measurement of technical efficiency in production frontier models | p. 49 |
| 3.1 Introduction | p. 49 |
| 3.2 Theoretical framework | p. 50 |
| 3.3 Approaches to measuring technical efficiency | p. 53 |
| Part II Applications | |
| 4 The non-frontier approach: a case study of Hong Kong's manufacturing sector | p. 75 |
| 4.1 Introduction | p. 75 |
| 4.2 Theoretical framework | p. 75 |
| 4.3 Case study: Hong Kong's manufacturing sector | p. 80 |
| 4.4 Conclusion | p. 89 |
| 5 The stochastic production frontier approach: a case study of Singapore's services sector | p. 91 |
| 5.1 Introduction | p. 91 |
| 5.2 Theoretical framework | p. 91 |
| 5.3 Case study: Singapore's services sector | p. 97 |
| 5.4 Conclusion | p. 105 |
| 6 The data envelopment analysis (DEA) approach: a case study of Korea's banking sector | p. 115 |
| 6.1 Introduction | p. 115 |
| 6.2 Theoretical framework of the Malmquist productivity index | p. 116 |
| 6.3 Some issues in DEA estimations | p. 126 |
| 6.4 Case study: the Korean banking sector | p. 128 |
| Part III Some Extensions on Productivity Analysis | |
| 7 How technically efficient are Singapore's manufacturing industries? | p. 147 |
| 7.1 Introduction | p. 147 |
| 7.2 Motivation of case study | p. 147 |
| 7.3 Previous studies on Singapore's technical efficiency estimates | p. 148 |
| 7.4 Literature review on factors affecting technical efficiency | p. 149 |
| 7.5 Data and model used | p. 152 |
| 7.6 Empirical results and analysis | p. 154 |
| 7.7 Conclusion | p. 162 |
| 8 Trade liberalization and productivity growth in Australia's manufacturing industries | p. 165 |
| 8.1 Introduction | p. 165 |
| 8.2 Assistance to the Australian manufacturing sector | p. 168 |
| 8.3 Data and model used | p. 168 |
| 8.4 The estimated production frontier and efficiency measures | p. 170 |
| 8.5 Impact of trade liberalization and other factors on TFP growth, technological progress and gains in technical efficiency | p. 174 |
| 8.6 Conclusion | p. 180 |
| 9 Looking beyond obtaining the 'real' TFP growth for Malaysia's manufacturing sector | p. 183 |
| 9.1 Introduction | p. 183 |
| 9.2 The Malaysian economy | p. 183 |
| 9.3 Review of TFP growth studies on Malaysia | p. 186 |
| 9.4 Frontier models and data sources | p. 190 |
| 9.5 Empirical results and analysis | p. 192 |
| 9.6 Conclusion | p. 198 |
| References | p. 203 |
| Index | p. 227 |
