Total Factor Productivity Growth and Market Imperfection in Taiwan’s Manufacturing Industries
2004/04/13
研討會日期 : 2004-04-13
時間 : 15:00
主講人 : 孫佳宏教授
地點 : B棟110室
演講者簡介 : 孫佳宏教授為Ph.D. in Economics，Australian National University (2003)。
現為國立中正大學助理教授。
其主要研究領域為Efficiency and Productivity Analysis、Economic Development in East Asia及Applied Econometrics。
演講摘要 : Several recent studies on total factor productivity (TFP) concluded that the East Asian economies benefited little from TFP growth. This study claims that the failure by previous studies to consider the effect of net taxes and market imperfections resulted in the underestimation of the share of the contribution of labour input to factor income which consequently led to the overestimation of capital share and understatement of TFP growth. Therefore, this study has modified the conventional approach of calculating factor shares by taking account of net taxes and market imperfections and used the modified approach to estimate TFP growth in 16 Taiwanese manufacturing industries during the period 1979-99. The conclusion drawn by the study is that TFP growth was the driving force behind the success of Taiwan’s manufacturing industries although many of these industries experienced a sharp decline in TFP during the 1990s.
