Productivity Performance of Singapore’s Retail Sector: A Two-Stage Non-Parametric Approach

Boon Lee

Economic Analysis and Policy, 2013, vol. 43, issue 1, 67-78

Abstract: This paper seeks to identify and quantify sources of the lagging productivity in Singapore’s retail sector as reported in the Economic Strategies Committee 2010 report. A two-stage analysis is adopted. In the first stage, the Malmquist productivity index is employed which provides measures of productivity change, technological change and efficiency change. In the second stage, technical efficiency estimates are regressed against explanatory variables based on a truncated regression model. Sources of technical efficiency were attributed to quality of workers while product assortment and competition negatively impacted on efficiency.

Keywords: Total-factor productivity; efficiency change; technological change; Malmquist productivity index; Singapore retail; truncated regression. (search for similar items in EconPapers)
JEL-codes: C14 D24 L81 O33 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecanpo:v:43:y:2013:i:1:p:67-78

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