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The Economics of Productivity in Asia and Australia

Renuka Mahadevan, The University of Queensland, Australia
Productivity growth has long been recognised by both economists and non-economists as being necessary for all economies aspiring to raise their standard of living. Thus, Renuka Mahadevan aims to highlight the conceptual differences, advantages and disadvantages of the various total factor productivity (TFP) measures and suggests processes and strategies for choosing the best technique to draw up policies for sustainable growth.
Extent: 256 pp
Hardback Price: $129.00 Web: $116.10
Publication Date: 2004
ISBN: 978 1 84064 961 1
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  • Asian Studies
  • Asian Economics
  • Economics and Finance
  • Asian Economics
  • Industrial Economics
Productivity growth has long been recognised by both economists and non-economists as being necessary for all economies aspiring to raise their standard of living. Thus, Renuka Mahadevan aims to highlight the conceptual differences, advantages and disadvantages of the various total factor productivity (TFP) measures and suggests processes and strategies for choosing the best technique to draw up policies for sustainable growth.

Empirical results from six case studies are presented, and the analysis of the selected Asia Pacific economies is not only informative but also allows for variety in issues concerning productivity analysis. Consequently, policy measures based on each of the economies’ experiences are carefully measured out in relation to various aspects such as trade liberalisation, industrial policy and other microeconomic and macroeconomic policies.

The nature of the applied work in the book is refreshing and will therefore appeal to policymakers. It is also a valuable reference material for economists and researchers in industry and government, as well as graduate students who are interested in the Asia Pacific region and in particular, in productivity growth analysis.
Contents: Part I: Productivity and Efficiency Measures 1. Introduction 2. Total Factor Productivity Growth Estimation 3. The Measurement of Technical Efficiency in Production Frontier Models Part II: Applications 4. The Non-Frontier Approach: A Case Study of Hong Kong’s Manufacturing Sector 5. The Stochastic Production Frontier Approach: A Case Study of Singapore’s Services Sector 6. The Data Envelopment Analysis (DEA) Approach: A Case Study of Korea’s Banking Sector Part III: Some Extensions on Productivity Analysis 7. How Technically Efficient are Singapore’s Manufacturing Industries? 8. Trade Liberalization and Productivity Growth in Australia’s Manufacturing Industries 9. Looking Beyond Obtaining the ‘Real’ TFP Growth for Malaysia’s Manufacturing Sector References Index