scholarly journals Potential Output in Asia: Some Forward-Looking Scenarios

2016 ◽  
Vol 33 (2) ◽  
pp. 28-55
Author(s):  
Andrew Burns
Keyword(s):  
Total Factor Productivity ◽  
Productivity Growth ◽  
Output Growth ◽  
Total Factor Productivity Growth ◽  
Investment Climate ◽  
Participation Rates ◽  
Factor Productivity ◽  
Potential Output ◽  
Asian Economies ◽  
Potential Output Growth

This paper presents estimates of potential output growth for a sample of 26 Asian economies and projects potential output growth through 2040 under several scenarios. Results suggest that in the absence of further capital deepening, and assuming continued total factor productivity growth at recent rates, potential output growth across economies could slow from a median of 4.6% during 2010–2015 to 2.7% between 2035 and 2040. Demographic trends and an assumed stabilization in capital–output ratios account for most of the slowing. Much better outcomes are possible if trends are supported by policy. Better total factor productivity growth could raise potential output by between 11% and 24% by 2040, while lower unemployment and higher participation rates could boost potential output by 10% or more in some South Asian economies. An improved investment climate could add between 6% and 10% to potential output in most economies, while accelerating structural convergence (moving labor from lower to higher productivity sectors) could raise potential output by 10% or more in half of the examined countries.

scholarly journals Does FDI Promote or Inhibit the High-Quality Development of Agriculture in China? An Agricultural GTFP Perspective

2019 ◽  
Vol 11 (17) ◽  
pp. 4620 ◽  
Author(s):  
Yafei Wang ◽  
Li Xie ◽  
Yi Zhang ◽  
Chunyun Wang ◽  
Ke Yu
Keyword(s):  
Growth Rate ◽  
Total Factor Productivity ◽  
Annual Growth ◽  
Eastern Region ◽  
Annual Growth Rate ◽  
Factor Productivity ◽  
Promoting Effect ◽  
Index Method ◽  
Agricultural Growth

This paper innovatively brings the undesirable output of agricultural carbon emission into the agricultural Total Factor Productivity (TFP) accounting framework as a measure of Green Total Factor Productivity (GTFP) and uses the Slack-based Measure and Malmquist-Luenberger (SBM-ML) index method to measure the agricultural GTFP of 24 provinces in China from 2004 to 2016. Further, the two-step system generalized moment method (GMM) is adopted to reveal the effect of agricultural (Foreign Direct Investment) FDI on the growth of agricultural GTFP and various subitems. We find that the average annual growth rate of agricultural GTFP is 3.1%, and its contribution rate to agricultural growth is 52%; the growth of agricultural GTFP shows that the progress of agricultural technology is accompanied by the deterioration of agricultural technical efficiency; the agricultural GTFP in the Eastern region, the Central region and the Western region increases in a stepped-up form, with an annual growth rate of 3.1%, 3.3% and 3.4%, respectively. Agricultural FDI has a significant promoting effect on agricultural GTFP and subitems, however, it has an inverted U-shaped feature in the long term.

scholarly journals Decomposing Total Factor Productivity Growth in Manufacturing and Services

2017 ◽  
Vol 34 (1) ◽  
pp. 88-115 ◽  
Author(s):  
Neil Foster-McGregor ◽  
Bart Verspagen
Keyword(s):  
Total Factor Productivity ◽  
Productivity Growth ◽  
Value Added ◽  
Total Factor Productivity Growth ◽  
Aggregate Productivity ◽  
Factor Productivity ◽  
Input Output ◽  
Tfp Growth ◽  
The World ◽  
Asian Economies

Using the World Input–Output Database, this paper calculates total factor productivity (TFP) growth for a sample of 40 economies during the period 1995–2009 to show that TFP growth in Asian economies has been relatively strong. In a number of Asian economies, TFP growth in services has outpaced that in manufacturing. This paper presents a novel structural decomposition of TFP growth and shows that the main drivers of aggregate productivity growth, as well as differences in productivity growth between services and manufacturing, have been changing factor requirements. These effects tend to offset the negative productivity effect of a declining ratio of value added to gross output.

scholarly journals The Effects Of Human Capital On Malaysias Maunfacturing Productivity Growth

2006 ◽  
Vol 5 (4) ◽  
Author(s):  
Elsadig Musa Ahmed
Keyword(s):  
Human Capital ◽  
Total Factor Productivity ◽  
Productivity Growth ◽  
Growth Rates ◽  
Manufacturing Sector ◽  
Annual Growth ◽  
Factor Productivity ◽  
Cost Component ◽  
Tfp Growth ◽  
Labour Input

The objective of this paper is to examine the effects of human capital on the productivity growth in Malaysias manufacturing sector. To achieve this, labour input was subdivided into skilled semi-skilled and unskilled. The study found that materials account for the largest cost component in the sector although shortages of skilled labour constitute a serious constraint on capital utilisation. In addition, the contribution of total factor productivity (TFP) growth of the sector was generally found to be very low particularly during the second sub-period of 1987-2001. The improvement and slowdown of TFP contribution to manufacturing sector in terms of average annual growth rates were dependent on the inputs used in production, believed to be of low quality and insufficient.

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