Detail Transactional Activities and Total Factor Productivity Growth in Taiwan   Oleh:  Berg, Hendrik van den ; Fuess, Scott M., [Jr.] Jenis: Article from Bulletin/Magazine Dalam koleksi: Journal of Asian Economics vol. 7 no. 4 (1996), page 635-650. Topik: GROWTH; transactional activities; productivity growth Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ50.1 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Total factor productivity (TFP) growth shows how rapidly an economy is enhancing technology and the efficiency with which it allocates resources. It has been argued that “miraculous” growth in East Asian economies may not be sustainable, due to relatively low rates of TFP growth. Among these economies, it appears that Taiwan has indeed exhibited substantial technological progress. Failure to control for transactional activities, however, can distort the impression of TFP growth. This study recalculates Taiwan's TFP growth for the 1957 – 1993 sample period, adjusting for transaction costs in the government and private sectors. For the early years of the sample, 1957 – 1973, the economy's technological progress is better than GDP - based calculations suggest. In recent years, 1983 – 1993, productivity improvement has been overstated, but the economy has still exhibited relatively fast TFP growth. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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