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Imperfect Competition, Economic Miracle, and Manufacturing Productivity Growth: Empirical Evidence from Taiwan

机译:不完美的竞争,经济奇迹和制造业生产率增长:来自台湾的经验证据

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Several recent studies on total factor productivity (TFP) concluded that the East Asian economies benefited little from TFP growth. This study claims that the failure by previous studies to consider the effect of net indirect taxes and market imperfections resulted in the underestimation of the share of the contribution of labor input to factor income, which consequently led to the overestimation of capital share and understatement of TFP growth. Therefore, this study has modified the conventional approach of calculating factor shares by taking account of net indirect taxes and market imperfections and used the modified approach to estimate TFP growth in 16 Taiwanese manufacturing industries during the period 1979-1999. The conclusion drawn by the study is that TFP growth was the driving force behind the success of Taiwan's manufacturing industries, although many of these industries experienced a sharp decline in TFP during the 1990s.
机译:最近有关全要素生产率(TFP)的几项研究得出的结论是,东亚经济体从TFP增长中受益甚微。这项研究声称,以前的研究未能考虑净间接税和市场缺陷的影响,导致劳动力投入对要素收入的贡献份额被低估,从而导致对资本份额的高估和对TFP的低估。增长。因此,本研究修改了考虑净间接税和市场不完善因素的传统方法来计算要素份额,并使用修改后的方法来估计1979-1999年期间台湾16个制造业的全要素生产率增长。该研究得出的结论是,全要素生产率的增长是台湾制造业成功的动力,尽管其中许多行业在1990年代全要素生产率急剧下降。

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