Sources of output growth in Singapore's services sector

Renuka Mahadevan

Empirical Economics, 2000, vol. 25, issue 3, 495-506

Abstract: As services are an important engine of growth for Singapore, this paper attempts to empirically investigate the sources of output growth in this sector to shed light on the debate sparked off by Krugman (1994) on the miraculous or mythical growth of Singapore and the other newly industralizing Southeast Asian economies. This is done by using the stochastic production frontier model with panel data. Unlike existing studies which used the conventional growth accounting approach to decompose output growth into just input growth and total factor productivity (TFP) growth, this approach further decomposes TFP growth into technological progress and changes in technical efficiency.

Keywords: Total; factor; productivity; growth; ·; technical; efficiency; ·; technological; progress (search for similar items in EconPapers)
JEL-codes: C33 L8 (search for similar items in EconPapers)
Date: 2000-08-10
Note: received: December 1998 / Final version received: February 2000
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Citations: View citations in EconPapers (4)

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