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The effectiveness of export, FDI and R&D on total factor productivity growth : The cases of Taiwan and Korea

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  • The effectiveness of export, FDI and R&D on total factor productivity growth
  • Hwang, Insang; Wang, Eric C.
  • The Institute of Comparative Economic Studies


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Title The effectiveness of export, FDI and R&D on total factor productivity growth
Similar Titles
Sub Title

The cases of Taiwan and Korea

Material Type Articles
Author(English)

Hwang, Insang; Wang, Eric C.

Publisher

[Tokyo]:The Institute of Comparative Economic Studies

Date 2012-12
Journal Title; Vol./Issue Journal of International Economic Studies:No. 26
Pages 16
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Trade
Economy < Direct Investment
Industry and Technology < Others
Holding The Institute of Comparative Economic Studies

Abstract

The objective of this study is to examine the relationship between total factor productivity (TFP) growth and other variables such as openness to trade, FDI and R&D using segregated manufacturing industries data from Taiwan and Korea. The extreme bound analysis (EBA) is employed to investigate the robustness of the variables. Our empirical findings do not support the common belief of a positive and significant relationship between openness to trade and TFP growth. In addition, neither growth of FDI nor R&D shows a positive effect on TFP growth. However, our empirical results indicate that output growth has a robust and positive relationship with TFP growth for both countries.