Industrial Convergence in East Asia

Akira Kohsaka and Jun-ichi Shinkai
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Jun-ichi Shinkai: Faculty of Business Administration Kinki University

No 18E009, OSIPP Discussion Paper from Osaka School of International Public Policy, Osaka University

Abstract: Despite generally solid growth in East Asia since the 1980s, there remain large differences in productivity across the economies. Focusing on convergence in industrial productivities, this paper examines their convergence processes. We decompose industrial productivity growth into intra-industry productivity growth and inter-industry reallocation of resources. We find that, as contrasting to ANIEs (Hong Kong, Korea, Singapore and Taiwan), ASEAN4 (Indonesia, Malaysia, Philippines and Thailand) have not shown persistent industrial productivity convergence nor persistent structural transformation toward industrialization, while China’s productivity growth shows some magnified version of those of Korea and Taiwan. In other words, we argue that ANIEs and ASEAN4 make two distinct groups in terms of aggregate and sectoral productivity convergence.

Keywords: East Asia; productivity growth; structural transformation; sectoral productivity growth; inter-industry reallocation; productivity convergence. (search for similar items in EconPapers)
JEL-codes: O4 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2018-07
New Economics Papers: this item is included in nep-sea and nep-tid
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