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Factor Productivity Growth (factor + productivity_growth)

Distribution by Scientific Domains

Business, Economics, Finance and Accounting	83%

Kinds of Factor Productivity Growth

total factor productivity growth

Selected Abstracts

Factor Determinants of Total Factor Productivity Growth in Malaysian Manufacturing Industries: a decomposition analysis

ASIAN-PACIFIC ECONOMIC LITERATURE, Issue 1 2009
Sangho Kim
To decompose total factor productivity growth into technical progress, technical efficiency change, allocative efficiency change, and scale efficiency change, a stochastic frontier approach was applied to Malaysian manufacturing data covering the period 2000 to 2004. The results show that total factor productivity was driven mainly by technical progress but was hurt by deteriorating technical efficiency. Scale efficiency and allocative efficiency also exerted significant influences on total factor productivity. The skill and quality of workers were the most important determinants of technical efficiency, whereas foreign ownership, imports, and employee quality underpinned technical progress. The impact of firm size on scale economies differed across industries. [source]

Information Technology and Productivity Changes in the Banking Industry

ECONOMIC NOTES, Issue 1 2007
Luca Casolaro
This paper analyses the effects of investment in information technologies (IT) in the financial sector using micro-data from a panel of 600 Italian banks over the period 1989,2000. Stochastic cost and profit functions are estimated allowing for individual banks' displacements from the best practice frontier and for non-neutral technological change. The results show that both cost and profit frontier shifts are strongly correlated with IT capital accumulation. Banks adopting IT capital-intensive techniques are also more efficient. On the whole, over the past decade IT capital-deepening contribution to total factor productivity growth of the Italian banking industry can be estimated in a range between 1.3 and 1.8 per cent per year. [source]

Productivity Growth, Efficiency and Outsourcing in Manufacturing and Service Industries

JOURNAL OF ECONOMIC SURVEYS, Issue 1 2003
Almas Heshmati
This paper is a survey of recent contributions to, and developments of, the relationship between outsourcing, efficiency and productivity growth in manufacturing and services. The objective is to provide a thorough and up,to,date survey that provides a significant discussion on data, as well as on the core methods of measuring efficiency and productivity. First, the readers are introduced to the measurement of partial and total factor productivity growth. Different parametric and non,parametric approaches to the productivity measurement in the context of static, dynamic and firm,specific modelling are discussed. Second, we survey the econometric approach to efficiency analysis. The issues of modelling, distributional assumptions and estimation methods are discussed assuming that cross,sectional or panel data are available. Third, the relationship between outsourcing and productivity growth in manufacturing and services is discussed. The correspondence between a number of hypotheses and empirical findings are examined. Examples of varieties of relevant empirical applications, their findings and implications are presented. Fourth, measurement of inputs and outputs in manufacturing and services are discussed. Finally, to promote useful research, a number of factors important to the analysis of outsourcing, efficiency and productivity growth in the service sector are summarised. [source]

IMPORT LIBERALIZATION AND PRODUCTIVITY GROWTH IN INDIAN MANUFACTURING INDUSTRIES IN THE 1990s

THE DEVELOPING ECONOMIES, Issue 4 2003
Bishwanath GOLDAR
Total factor productivity growth in Indian manufacturing decelerated in the 1990s, a decade of major economic reforms in India. Econometric analysis presented in the paper indicates that the lowering of effective protection to industries favorably affected productivity growth. The results suggest that gestation lags in investment projects and slower agricultural growth in the 1990s had an adverse effect on productivity growth. The analysis reveals that underutilization of industrial capacity was an important cause of the productivity slowdown. With corrections for capacity utilization, the estimated productivity growth in the 1990s is found to be about the same as in the 1980s. [source]

Growth and Productivity in Singapore Manufacturing Industries: 1975,1998

ASIAN ECONOMIC JOURNAL, Issue 3 2002
Soo-Wei Koh
Consistently de,ned price and volume relatives are constructed for 18 manufacturing industries under the two-digit industry classi,cations of,cially adopted in 1996. Industry-speci,c output and materials price de,ators for the period 1974,1998 are also constructed. Where the comparison is possible, we arrive at a markedly different conclusion from those in Tsao (1982, 1985) and Young (1994), and narrow the cause to a difference in the choice of output measure. The updated accounts show that the conventional index number measure of total factor productivity growth (TFPG) for Singapore manufacturing is 2.7% per annum for the period 1975,1998, and exhibits a cyclical pattern over time. [source]