Showing 1 - 10 of 105
Based on Cuesta (2000), this paper develops a stochastic frontier production model that allows for different groups of firms to have different patterns of technical efficiency over time. The authors apply the model to the Malaysian manufacturing sector to decompose total factor productivity...
Persistent link: https://www.econbiz.de/10003899283
We apply a stochastic frontier production model to data from 53 countries during 1991-2003 to estimate total factor productivity growth, and decompose it into technical efficiency change and technical progress. Our empirical results indicate that world productivity growth was led by fast-growing...
Persistent link: https://www.econbiz.de/10008658803
The central objective of our paper is to empirically examine the relationship between the ownership structure of firms and their export performance. To do so, we use data from the Republic of Korea, a classic example of successful export-oriented industrialization. While a large and growing...
Persistent link: https://www.econbiz.de/10009501979
Rebalancing growth toward domestic demand has emerged as a key postcrisis challenge for sustaining developing Asia's rapid growth in the medium and long term. The central objective of this paper is to explore the role of fiscal policy in the region's rebalancing process. What matters most for...
Persistent link: https://www.econbiz.de/10008749691
Due to population aging, weakening of family-based support, and other factors, old-age income support is becoming an issue of growing importance throughout Asia. This is especially true in East Asia and Southeast Asia where the demographic transition is already well under way. This paper...
Persistent link: https://www.econbiz.de/10003863354
Technological progress may be less beneficial for older workers than younger workers. In this paper, we empirically examine the impact of technological change on the wage share of older workers. More specifically, we look at five different types of technological advancement using data from 30...
Persistent link: https://www.econbiz.de/10014239988
The coronavirus disease (COVID-19) pandemic placed health-care systems around the world under great stress. The sharp increase in demand for health care highlighted the importance of efficient health spending. The negative impact of the pandemic on global economic growth further strengthened the...
Persistent link: https://www.econbiz.de/10014390362
We investigate the impact of electrification on the economic, educational, and environmental outcomes of the Lao People's Democratic Republic (Lao PDR). We use household-level data and a novel identification scheme, whereby we instrument the electrification status with the proportion of...
Persistent link: https://www.econbiz.de/10014433873
The financial markets of members of the Association of Southeast Asian Nations (ASEAN) have become increasingly integrated with regional and global markets. ASEAN economies also exhibit strong trade connectedness and interdependence with regional and global business cycles. Such connectedness...
Persistent link: https://www.econbiz.de/10014373699
This paper examines whether prudential policies help to reduce sovereign bond vulnerability to global spillover risk in ASEAN-4 countries (Indonesia, Malaysia, the Philippines, and Thailand). We measure sovereign vulnerability within a risk connectedness network among sovereign bonds. The direct...
Persistent link: https://www.econbiz.de/10014373704