Productivity Growth of East Asia Economies' Manufacturing: A Decomposition Analysis

Hailin Liao (), Mark Holmes (), Thomas Weyman-Jones and David Llewellyn

No 140, Royal Economic Society Annual Conference 2003 from Royal Economic Society

Abstract: Applying a stochastic production frontier to sector-level data within manufacturing, this paper examines total factor productivity (TFP) growth for eight East Asian economies during 1963-1998, using both single country and cross-country regression. The analysis focuses on the trend of technological progress (TP) and technical efficiency change (TEC), and the role of productivity change in economic growth. The empirical results reveal that although input factor accumulation is still the main source for East Asian economies® growth, TFP growth is accounting for an increasing and important proportion of output growth, among which the improved TEC plays a crucial role in productivity growth.

Keywords: total factor productivity; technical efficiency change; technological progress; stochastic production frontier; East Asian economy (search for similar items in EconPapers)
JEL-codes: D24 L60 O30 O47 O53 (search for similar items in EconPapers)
Date: 2003-06-04
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Journal Article: Productivity growth of East Asia economies' manufacturing: A decomposition analysis (2007)
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