The Economic strategy for Hong Kong SAR: evidence from productivity and cost analysis

Kui-Wai Li ()

MPRA Paper from University Library of Munich, Germany

Abstract: By using a growth accounting framework for the period 1980-2000, this paper estimates Hong Kong’s total factor productivity and unit labor cost of twenty industries classified into three economic sectors of tradable goods, tradable services and non-tradable services. The results show that Hong Kong’s total factor productivity has fallen in the 1990s. The competitiveness of the three sectors of tradable goods, tradable services and non-tradable services has increased, remained unchanged and declined, respectively in the last two decades. Policy recommendation for Hong Kong will be to aim for a supply-drive strategy so as to broaden the economic base.

Keywords: Hong Kong; Total Factor Productivity; Growth Accounting; Economic Sectors (search for similar items in EconPapers)
JEL-codes: O11 O47 O53 (search for similar items in EconPapers)
Date: 2005-07
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Citations: View citations in EconPapers (2)

Published in Journal of Asian Economics 4.16(2005): pp. 737-754

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Journal Article: The economic strategy for the Hong Kong SAR: Evidence from productivity and cost analysis (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:36451

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