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Three essays in trade, productivity and growth of the East Asian economies (Singapore, Hong Kong, China).

机译:关于东亚经济体的贸易,生产率和增长的三篇论文(新加坡,中国香港)。

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摘要

The lack of good measure of productivity and a good framework in decomposing the different sources of economic growth contribute to puzzles regarding East Asian Miracles. Using Singapore and Hong Kong as case studies, this dissertation addresses both issues theoretically and empirically.; Focusing on improving the measurement of productivity growth, the first essay derives the dual equivalence of Hall's (1988) technique, and shows that both imperfect competition and decreasing returns to scale technology may result in a downward bias of primal and dual TFP growth rates. This paper establishes an empirical test that embraces both primal and dual approaches and shows that majority of the industries in Singapore's manufacturing sector violates either or both of the neoclassical assumptions. Once the two assumptions are relaxed, the estimated average annual growth rate of productivity of the sector nearly doubles the conventional measures.; Focusing on decomposing the growth of Singapore's manufacturing sector, the second essay sets up an empirical model to estimate the contributions of productivity and endowments in growth. The regression results show that both productivity and factor endowments are important in explaining Singapore's sectoral growth. The contributions of factor endowments are uniformly larger than that of productivity growth across all industries in Singapore's manufacturing sector, except for the electronics industry and the primary products industry. Productivity clearly dominates factor endowments as the most important source of growth in the electronics industry, while the two are equally important in the primary products industry.; The third essay tests the productivity versus endowment hypotheses using industry data of Hong Kong, from 1984 to 1997. The regression results show that only productivity matters for Hong Kong's manufacturing sector. On the other hand, productivity and capital endowments are both important for the service sector. Results of a weighted panel regression also show that when the average growth rate of factor prices is endogenized, it has a robust negative relationship with outsourcing of final goods. Outsourcing of final goods, via its dampening effects on factor prices, is the major reason behind the shrinking of the manufacturing sector. This is consistent with the Stolper-Samuelson effect of import competition.
机译:缺乏衡量生产率的好方法以及分解不同的经济增长来源的良好框架,加剧了有关东亚奇迹的困惑。本文以新加坡和香港为案例研究,从理论上和经验上都解决了这两个问题。着眼于改进生产率增长的度量,第一篇文章推导了霍尔(Hall)(1988)技术的双重对等,并表明不完全竞争和规模化技术收益的下降都可能导致原始和双重TFP增长率的下降。本文建立了一个包含原始方法和双重方法的实证检验,表明新加坡制造业中的大多数行业都违反了新古典假设中的一个或两个。放宽这两个假设后,该部门生产率的估计平均年增长率将几乎是传统指标的两倍。第二篇文章着眼于分解新加坡制造业的增长,建立了一个经验模型来估计生产力和end赋对增长的贡献。回归结果表明,生产率和要素end赋对于解释新加坡的部门增长都非常重要。除电子业和初级产品业外,要素end赋的贡献均大于新加坡制造业中所有行业的生产率增长。生产力显然是要素factor赋在电子行业中最重要的增长来源,而两者在初级产品行业中同等重要。第三篇文章使用1984年至1997年香港的行业数据检验了生产率与versus赋假说。回归结果表明,只有生产率才对香港的制造业重要。另一方面,生产力和资本end赋对服务业而言都很重要。加权面板回归的结果还显示,当要素价格的平均增长率被内生时,它与最终产品的外包之间存在强烈的负相关关系。最终产品的外包(其对要素价格的抑制作用)是制造业萎缩的主要原因。这与进口竞争的斯托尔珀-萨缪尔森效应是一致的。

著录项

  • 作者

    Kee, Hiau Looi.;

  • 作者单位

    University of California, Davis.;

  • 授予单位 University of California, Davis.;
  • 学科 Economics General.
  • 学位 Ph.D.
  • 年度 2000
  • 页码 136 p.
  • 总页数 136
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类 经济学;
  • 关键词

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