Productivity, technical and efficiency change in Singapore’s services sector, 2005 to 2008
Lee, Boon L. (2013) Productivity, technical and efficiency change in Singapore’s services sector, 2005 to 2008. Applied Economics, 45(15), pp. 2023-2029.
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 (TFP) 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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|Item Type:||Journal Article|
|Keywords:||total factor productivity, technical efficiency, Malmquist productivity index, service sector|
|Subjects:||Australian and New Zealand Standard Research Classification > ECONOMICS (140000) > APPLIED ECONOMICS (140200) > Applied Economics not elsewhere classified (140299)|
|Divisions:||Current > QUT Faculties and Divisions > QUT Business School|
Current > Schools > School of Economics & Finance
|Deposited On:||02 May 2012 14:17|
|Last Modified:||05 Jun 2014 01:24|
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