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Market imperfection and productivity growth - Alternative estimates for Taiwan

Sun, Chia-Hung


This study first explores why the shares of factor inputs have not been measured correctly and concludes that the earlier findings are biased due to the miscalculation of factor shares which have produced low estimated total factor productivity (TFP) growth in the East Asian countries. Second, three approaches are proposed to empirically illustrate the impact of capital and labor shares on the estimates of TFP growth. It is suggested that TFP growth in the East Asian economies will be...[Show more]

CollectionsANU Research Publications
Date published: 2004
Type: Journal article
Source: Journal of productivity analysis


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