Catch Up Patterns in Newly Industrializing Economies. An International Comparison of Manufacturing Productivity in Taiwan, 1961- 1993

Marcel Timmer

Working Papers from Groningen State, Institute of Economic Research-

Abstract: Taiwan has undergone a process of swift industrialization after 1948. Rapid accumulation of physical and human capital enabled Taiwan to exploit new technologies and products, resulting in rapid catch up in labour productivity relative to more advanced economies. Using the industry-of-origin approach, this paper shows that in 1961, Taiwan's labour productivity in aggregate manufacturing was 11% of the level in the United States, increasing to 26% in 1986. This catch up process was found for all 13 manufacturing branches. After 1986, a process of deindustrialization set in and inflow of labour in the manufacturing sector stagnated.

Keywords: ECONOMIC DEVELOPMENT; PRODUCTIVITY (search for similar items in EconPapers)
JEL-codes: O11 O12 (search for similar items in EconPapers)
Pages: 53 pages
Date: 1998
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:gronig:40

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