Munich Personal RePEc Archive

The Economic strategy for Hong Kong SAR: evidence from productivity and cost analysis

Li, Kui-Wai (2005): The Economic strategy for Hong Kong SAR: evidence from productivity and cost analysis. Published in: Journal of Asian Economics , Vol. 16, No. 4 (July 2005): pp. 737-754.

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Abstract

By using a growth accounting framework for the period 1980-2000, this paper estimates Hong Kong’s total factor productivity and unit labor cost of twenty industries classified into three economic sectors of tradable goods, tradable services and non-tradable services. The results show that Hong Kong’s total factor productivity has fallen in the 1990s. The competitiveness of the three sectors of tradable goods, tradable services and non-tradable services has increased, remained unchanged and declined, respectively in the last two decades. Policy recommendation for Hong Kong will be to aim for a supply-drive strategy so as to broaden the economic base.

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