Please use this identifier to cite or link to this item: http://scholarbank.nus.edu.sg/handle/10635/44813
Title: Differential total factor productivity in the four dragons: The Singapore case
Authors: Toh, M.-H. 
Low, L. 
Keywords: ANIEs
Factor shares
Latent resources
Singapore
TFP
Issue Date: 1996
Source: Toh, M.-H.,Low, L. (1996). Differential total factor productivity in the four dragons: The Singapore case. Journal of International Trade and Economic Development 5 (2) : 161-181. ScholarBank@NUS Repository.
Abstract: This paper introduces a concept of a latent resource to explain the seemingly low total factor productivity estimated for Singapore. It found that total factor productivity growth in the economy is not as dismal as estimated in other studies if the factor shares used in the computation are nearer to those of developed industrialized economies. The existence of a latent resource also explains the discrepancy in factor shares reported in published information as compared to the empirically derived figures. From this, the policy implication is that measures to maintain the latent resource become important for the Singapore economy to remain internationally competitive.
Source Title: Journal of International Trade and Economic Development
URI: http://scholarbank.nus.edu.sg/handle/10635/44813
ISSN: 09638199
Appears in Collections:Staff Publications

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