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Productivity growth in newly developed countries : The case of Korea and Taiwan

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  • Productivity growth in newly developed countries
  • Hsiao, Frank S.T.; Park, Changsuh
  • University of Colorado at Boulder(Center for Economic Analysis)


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Title Productivity growth in newly developed countries
Similar Titles
Sub Title

The case of Korea and Taiwan

Material Type Articles
Author(English)

Hsiao, Frank S.T.; Park, Changsuh

Publisher

[Boulder]:University of Colorado at Boulder(Center for Economic Analysis)

Date 2002-12
Journal Title; Vol./Issue Working Paper:no. 02-24
Pages 37
Subject Country South Korea(Asia and Pacific)
Taiwan(Asia and Pacific)
Language English
File Type Link
Original Format pdf
Subject Economy < Economic Conditions
Industry and Technology < General
Holding University of Colorado at Boulder

Abstract

Using the Malmquist productivity index, the efficiency change index, and the technical change index, this paper compares the productivity growth of 15 matched manufacturing sectors of Korea and Taiwan. The distance functions are derived by using industry-wide production frontiers from 1979 to1996. We find that the efficiency growth rates for both countries are high and are the predominant component of productivity, and that technology, and thus productivity, growth rates are much higher in Taiwan than in Korea. At a disaggregated level, there is more similarity in technology growth, and less or none in efficiency growth. In both countries, productivity growth is similar, but traditional industries rely more on efficiency, basic industries on technology, and high-tech industries on both. The petroleum and coal products sector is consistently the major innovator of the manufacturing industry in both countries, but the minor innovators differ.