Productivity versus Endowments : A Study of Singapore's Sectoral Growth, 1974-92
Productivity, and the Rybczynski effects of factor endowments, have been highlighted as the two main reasons behind the growth of newly industrializing economies in East Asia. However, empirical studies at the aggregate level, do not find support f...
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2001/11/1620914/productivity-versus-endowments-study-singapores-sectoral-growth-1974-92 http://hdl.handle.net/10986/19500 |
| Summary: | Productivity, and the Rybczynski effects
of factor endowments, have been highlighted as the two main
reasons behind the growth of newly industrializing economies
in East Asia. However, empirical studies at the aggregate
level, do not find support for these claims. Focusing on
Singapore's manufacturing industries, the author
estimates the contributions of productivity, and factor
endowments to sectoral growth. The results show that both
are important. But productivity is more important as a
source of growth in the electronics industry, while factor
endowments make a larger contribution in other industries. |
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