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Productivity, Technical and Efficiency Change in Singapore’s Services Sector, 2005 to 2008

Lee, Boon L. (2011) Productivity, Technical and Efficiency Change in Singapore’s Services Sector, 2005 to 2008. In Singapore Economic Review Conference 2011, August 4-6, 2011, Singapore. (Unpublished)

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Abstract

The current study was motivated by statements made by the Economic Strategies Committee that Singapore’s recent productivity levels in services were well below countries such as the US, Japan and Hong Kong. Massive employment of foreign workers was cited as the reason for poor productivity levels. To shed more light on Singapore’s falling productivity, a nonparametric Malmquist productivity index was employed which provides measures of productivity change, technical change and efficiency change. The findings reveal that growth in total factor productivity was attributed to technical change with no improvement in efficiency change. Such results suggest that gains from TFP were input-driven rather than from a ‘best-practice’ approach such as improvements in operations or better resource allocation.

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ID Code: 44032
Item Type: Conference Paper
Keywords: technical efficiency, Malmquist , Total factor productivity, services, Singapore
Subjects: Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > APPLIED ECONOMICS (140200)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Economics & Finance
Copyright Owner: Copyright 2011 the author.
Deposited On: 18 Aug 2011 05:14
Last Modified: 18 Aug 2011 05:14

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