Skip navigation
Skip navigation

Market imperfection and productivity growth - Alternative estimates for Taiwan

Sun, Chia-Hung

Description

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]

dc.contributor.authorSun, Chia-Hung
dc.date.accessioned2015-12-13T22:41:49Z
dc.date.available2015-12-13T22:41:49Z
dc.identifier.issn0895-562X
dc.identifier.urihttp://hdl.handle.net/1885/78676
dc.description.abstractThis 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 understated if net indirect taxes and imperfect competition profit are ignored. Finally, by taking the net indirect taxes and imperfect competition profits into account, the result of this paper indicates that Taiwan's economy has enjoyed an average annual TFP growth rate of 3.6% over the period 1980-1999.
dc.publisherKluwer Academic Publishers
dc.sourceJournal of productivity analysis
dc.subjectKeywords: Growth accounting; Market imperfection; Taiwan; Total factor productivity growth
dc.titleMarket imperfection and productivity growth - Alternative estimates for Taiwan
dc.typeJournal article
local.description.notesImported from ARIES
local.description.refereedYes
local.identifier.citationvolume22
dc.date.issued2004
local.identifier.absfor140210 - International Economics and International Finance
local.identifier.ariespublicationMigratedxPub7280
local.type.statusPublished Version
local.contributor.affiliationSun, Chia-Hung, College of Asia and the Pacific, ANU
local.bibliographicCitation.startpage5
local.bibliographicCitation.lastpage27
dc.date.updated2015-12-11T10:03:34Z
local.identifier.scopusID2-s2.0-3242679951
CollectionsANU Research Publications

Download

There are no files associated with this item.


Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.

Updated:  19 May 2020/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator