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Economic Efficiency and Productivity Growth in the Asia-pacific Region
This book provides new insights into the performance of key economies in the Asia-Pacific region during the last three decades. It critically examines productivity growth, factor accumulation and economic efficiency at both the macro and micro levels.
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Critical Acclaim
Contributors
Contents
More Information
This book provides new insights into the performance of key economies in the Asia-Pacific region during the last three decades. It critically examines productivity growth, factor accumulation and economic efficiency at both the macro and micro levels.
The authors use a variety of empirical techniques to measure the sources of economic growth in Hong Kong, Singapore, Taiwan, Korea, Japan, Malaysia, Thailand and China. The techniques employed range from traditional growth accounting to econometric frontier estimation and data envelopment analysis. As a comparison to the Asia-Pacific region, the growth experiences of G7 and 18 OECD countries are analyzed. The authors consider, among other issues, the influential role of trade in the region, macroeconomic management, income, capital, labor productivity, technology and investment.
This innovative new book will be of interest to students and scholars of growth economics, public policy and Asian studies.
The authors use a variety of empirical techniques to measure the sources of economic growth in Hong Kong, Singapore, Taiwan, Korea, Japan, Malaysia, Thailand and China. The techniques employed range from traditional growth accounting to econometric frontier estimation and data envelopment analysis. As a comparison to the Asia-Pacific region, the growth experiences of G7 and 18 OECD countries are analyzed. The authors consider, among other issues, the influential role of trade in the region, macroeconomic management, income, capital, labor productivity, technology and investment.
This innovative new book will be of interest to students and scholars of growth economics, public policy and Asian studies.
Critical Acclaim
‘The book provides considerable insights into the factors of productivity and efficiency change in rapidly growing economies.’
– S. Mohan, Journal of Scientific and Industrial Research
‘As a compilation of papers emanating from an academic conference, this is a remarkably cohesive volume. . . . the papers in this book remain true to the overall theme of the book. Such is not always the case with edited volumes and the editors should be commended. The papers comprising the chapters in the book are also extremely well written and should be accessible to those not well-versed in measurement of productivity growth and productive efficiency. Perhaps the best way to evaluate this book is in terms of how well it attains its stated objectives. Regarding its primary objective, which is to
provide new insights into the performance of various economies of the region, the book is successful. . . . the book provides considerable insight into the potential factors driving economic growth. Most notable are the findings concerning the impact of trade, especially imports, and human capital on economic growth. In terms of the book’s secondary objective of providing a variety of analytical techniques, it is also successful. The reader will find a wide range of methodological approaches that are innovative and, more importantly, clearly presented. Many of the papers also contain extensive discussions of data development and variable measurement. Individuals currently conducting research on economic growth in the Asian-Pacific region should find this book a good source of ideas for further research as well as a source of potential methodological approaches for empirical analysis. For those interested in beginning to conduct such research, this book provides an excellent avenue for getting up to speed quickly on the current state of knowledge concerning economic growth, total factor productivity, and productive efficiency, as well as an overview of the type of empirical models being employed.’
– Timothy G. Taylor, Journal of Comparative Economics
– S. Mohan, Journal of Scientific and Industrial Research
‘As a compilation of papers emanating from an academic conference, this is a remarkably cohesive volume. . . . the papers in this book remain true to the overall theme of the book. Such is not always the case with edited volumes and the editors should be commended. The papers comprising the chapters in the book are also extremely well written and should be accessible to those not well-versed in measurement of productivity growth and productive efficiency. Perhaps the best way to evaluate this book is in terms of how well it attains its stated objectives. Regarding its primary objective, which is to
provide new insights into the performance of various economies of the region, the book is successful. . . . the book provides considerable insight into the potential factors driving economic growth. Most notable are the findings concerning the impact of trade, especially imports, and human capital on economic growth. In terms of the book’s secondary objective of providing a variety of analytical techniques, it is also successful. The reader will find a wide range of methodological approaches that are innovative and, more importantly, clearly presented. Many of the papers also contain extensive discussions of data development and variable measurement. Individuals currently conducting research on economic growth in the Asian-Pacific region should find this book a good source of ideas for further research as well as a source of potential methodological approaches for empirical analysis. For those interested in beginning to conduct such research, this book provides an excellent avenue for getting up to speed quickly on the current state of knowledge concerning economic growth, total factor productivity, and productive efficiency, as well as an overview of the type of empirical models being employed.’
– Timothy G. Taylor, Journal of Comparative Economics
Contributors
Contributors: S.C. Ahn, B.-L. Chen, J.-Y. Chen, C.D. Clark, S. Dessus, W.E. Diewert, C. Dougherty, K.J. Fox, T.-T. Fu, J.H. Gapinski, D.H. Good, M. Hsu, C.J. Huang, M.-Y. Huang, D.W. Jorgenson, M. Kuroda, J.E. Leightner, C.-Y. Liang, H.-C. Liu, C.A.K. Lovell, M.I. Nadiri, K. Nomura, R.C. Sickles, W. Son, Y.P. Tang, D.L. Western, Y. Wu
Contents
Contents: 1. Editor’s Introduction Part I: International Studies A. The Asia-Pacific Region 2. An Alternative Tale of Two Cities 3. Sources of Growth in East Asian Economies 4. The Relative Efficiency and Rate of Technology Adoption of Asian and North American Airline Firms B. International 5. There is No Silver Bullet: Investment and Growth in the G7 6. Is the Asia-Pacific Region Different? Technical Progress Bias and Price Elasticity Estimates for 18 OECD Countries, 1960-1992 Part II: National Studies A. Macroeconomic Productivity Studies 7. A Tiger in the Land of the Panda: Growth Prospects for Hong Kong under Reversion to China 8. Productivity and Efficiency in China’s Regional Economies 9. Total Factor Productivity and Outward Orientation in Taiwan: What is the Nature of the Relationship? 10. Technology Adoption and Technical Efficiency in Taiwan: Foreign Investment Led versus Export Performance Promoted 11. Measurement of Total Factor Productivity in Japan: How to Evaluate Impacts of New Technologies on TFP Growth 12. Productivity Growth in Taiwan’s Manufacturing Industry, 1961-1993 B. Microeconomic Efficiency Studies 13. The Achilles’ Heel of Thailand’s Financial Market 14. Cost Efficiency of the Farmers’ Credit Unions in Taiwan 15. The Social Productivity of China’s Town and Village Enterprises Index
