| Productivity versus Endowments: A Study of Singapores Sectoral Growth 1974-92 (2007) | |||||||||||||
Abstract | |||||||||||||
| Productivity and the Rybczynski effects of factor endowments have been highlighted as the two main reasons behind the growth of the East Asian NIEs. However, empirical studies at the aggregate level do not find support for the former. Focusing on Singapore's manufacturing industries, this paper estimates the contributions of these two factors to sectoral growth. The results show that both productivity and factor endowments are important. The contributions of factor endowments are larger than that of productivity growth for the non-electronics industries, while productivity dominates factor endowments as the most important source of growth in the electronics industry. (JEL 047, F43, L60) | |||||||||||||
Details der Publikation | |||||||||||||
| |||||||||||||