Global Regional Review

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.

Authors

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.

Keywords

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

DOI Number

10.31703/grr.2018(III-I).19

Page Nos

265-280

Volume & Issue

III - I