Efficiency and productivity of Singapore's manufacturing sector 2001-2010 : an analysis using bootstrapped truncated approach
Lee, Boon L. (2014) Efficiency and productivity of Singapore's manufacturing sector 2001-2010 : an analysis using bootstrapped truncated approach. Singapore Economic Review, 59(05), p. 1450039.
This paper seeks to explain the lagging productivity in Singapore’s manufacturing noted in the statements of the Economic Strategies Committee Report 2010. Two methods are employed: the Malmquist productivity to measure total factor productivity (TFP) change and Simar and Wilson’s (2007) bootstrapped truncated regression approach which first derives bias-corrected efficiency estimates before being regressed against explanatory variables to help quantify sources of inefficiencies. The findings reveal that growth in total factor productivity was attributed to efficiency change with no technical progress. Sources of efficiency were attributed to quality of worker and flexible work arrangements while the use of foreign workers lowered efficiency.
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|Item Type:||Journal Article|
|Keywords:||Bootstrap truncated regression, technical efficiency, data envelopment analysis, Malmquist productivity, Singapore manufacturing|
|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 2013 World Scientific Publishing Company|
|Copyright Statement:||Electronic version of an article published as The Singapore Economic Review, Volume 59, Issue 05, 2014, 1450039, DOI: 10.1142/S0217590814500398, © copyright World Scientific Publishing Company, http://www.worldscientific.com/worldscinet/ser|
|Deposited On:||17 Nov 2013 22:34|
|Last Modified:||02 Jan 2016 19:14|
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