Efficiency and Productivity Gains in Knowledge-Based Production: The Case of East Asian Economies

Wong Mei Foong, Hui-Boon Tan and Hon Lee

Economic Studies journal, 2014, issue 2, 122-143

Abstract: This study examines the technical change and efficiency in knowledge-based production of the selected East-Asia Countries using a panel stochastic frontier analysis. The empirical results indicate that Japan, Singapore, Korea, Malaysia and China appear to be the most efficient countries in the region in term of high-tech production. Indonesia and Philippines, on the other hand, appear to be the least efficient ones. In regard to the issue of catch-up and convergence, the results show that Malaysia and Korea are catching up with their developed counterpart, Japan; while the others are still not on the right path of catching up. In general, all the ASEAN-five-plus-three countries have exhibited good technical progress and have achieved a positive total factor productivity (TFP) growth in the period of 1992-2005. The overall increase in technical change indicates evidence of innovation in these countries.

JEL-codes: D24 O32 O47 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econst:y:2014:i:2:p:122-143

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