Singapore

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This thesis is a collection of three essays on industrial productivity growth in Asia. The first two essays analyze an unbalanced panel data set on 606 Chinese machinery factories in Guangdong province, from 1980 to 1991. We find rapid although volatile TFP growth in these facto…

Chapter 1 addresses the following question: Is China diverting foreign direct investment from other Asian economies? Theoretically, a growing China can add to other countries' direct investment by creating more opportunities for production networking and by raising demand for ra…

It is well-known in economic theory that economic growth is associated with the resources of labor and capital, and their efficient use. The combined effect of the latter is measured by Multifactor productivity (MFP) that plays a major role in growth. Reflecting the growth of ou…