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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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.
|Item Type:||MPRA Paper|
|Original Title:||The Economic strategy for Hong Kong SAR: evidence from productivity and cost analysis|
|English Title:||The Economic Strategy for Hong Kong SAR: Evidence from Productivity and Cost Analysis|
|Keywords:||Hong Kong, Total Factor Productivity, Growth Accounting, Economic Sectors|
|Subjects:||O - Economic Development, Innovation, Technological Change, and Growth > O1 - Economic Development > O11 - Macroeconomic Analyses of Economic Development
O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence
O - Economic Development, Innovation, Technological Change, and Growth > O5 - Economywide Country Studies > O53 - Asia including Middle East
|Depositing User:||Kui-Wai Li|
|Date Deposited:||06. Feb 2012 04:17|
|Last Modified:||12. Feb 2013 11:29|
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