Total factor productivity measures for Hong Kong telephone

Pun-Lee Lam and Teresa Lam

Telecommunications Policy, 2005, vol. 29, issue 1, 53-68

Abstract: Since the early 1960s, the Hong Kong Telephone Company (HKTC)--the dominant firm in Hong Kong's local telephone market--has undergone several regulatory reforms. The company has been subject to price control, rate-of-return regulation and price-cap regulation. This paper estimates the total factor productivity (TFP) growth of HKTC. The empirical results show that the estimated TFP growth of HKTC was 2.31-3.56% per year between 1964 and 1998. TFP growth varied substantially under different regulatory regimes, and the importance of the scale effect relative to the technological effect diminished over time.

Keywords: Hong; Kong; telephone; company; Total; factor; productivity; (TFP); Scheme; of; control (search for similar items in EconPapers)
Date: 2005
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