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PRODUCTIVITY IN THE EMERGING ASIAN ECONOMIES

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19 Pages : 265-280

http://dx.doi.org/10.31703/grr.2018(III-I).19      10.31703/grr.2018(III-I).19      Published : Dec 2018

Productivity in the Emerging Asian Economies

Abstract

    Total factor productivity (TFP) has played a vital role in fostering the growth of the agriculture and manufacturing sectors of emerging Asian economies. However, few attempts have been made to unveil this link. The core objective of our paper is to evaluate TFP growth via two different approaches (1) growth accounting framework and (2) Data Envelopment Analysis (DEA) for emerging Asian economies, namely, China, Pakistan, India, Indonesia, South Korea, and Japan. Results obtained from both approaches revealed that on average productivity performance increased for the sample countries over the study period. Furthermore, DEA results indicated that increase in agriculture and manufacturing sector's productivity is largely attributable to the technological advancement in these countries while the role of technical efficiency change is not encouraging. Policymakers need to frame appropriate policies achieving higher TFP growth both through technological innovation and efficiency improvements in order to attain sustainable economic growth.

    Data Envelopment Analysis; Growth Accounting Framework; Productivity; Total Factor Productivity.

    (1) Asma Saeed
    PhD Scholar, Department of Economics, Pakhtunkhwa Economic Policy Research Institute, Abdul Wali Khan University Mardan, KP, Pakistan.
    (2) Zahoor Ul Haq
    Professor, Department of Economics, Pakhtunkhwa Economic Policy Research Institute,Abdul Wali Khan University Mardan, KP, Pakistan.
    (3) Javed Iqbal
    Assistant Professor,Department of Economics, Pakhtunkhwa Economic Policy Research Institute, Abdul Wali Khan University Mardan, KP, Pakistan.
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Cite this article

APA

CHICAGO

    CHICAGO : Saeed, Asma, Zahoor Ul Haq, and Javed Iqbal. 2018. "Productivity in the Emerging Asian Economies." Global Regional Review, III (I): 265-280 doi: 10.31703/grr.2018(III-I).19

HARVARD

    HARVARD : SAEED, A., HAQ, Z. U. & IQBAL, J. 2018. Productivity in the Emerging Asian Economies. Global Regional Review, III, 265-280.

MHRA

    MHRA : Saeed, Asma, Zahoor Ul Haq, and Javed Iqbal. 2018. "Productivity in the Emerging Asian Economies." Global Regional Review, III: 265-280

MLA

    MLA : Saeed, Asma, Zahoor Ul Haq, and Javed Iqbal. "Productivity in the Emerging Asian Economies." Global Regional Review, III.I (2018): 265-280 Print.

OXFORD

    OXFORD : Saeed, Asma, Haq, Zahoor Ul, and Iqbal, Javed (2018), "Productivity in the Emerging Asian Economies", Global Regional Review, III (I), 265-280

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