Does financial health shore up firm productivity? This paper empirically investigates this question and presents productivity as another driving factor in translating financial development into real economic progress. Our empirical framework employs Levinsohn and Petrin's (2003) semi-parametric...

This paper explores the relationship between unemployment (U) and job vacancies (V) in the Singapore labour market. Empirical analysis using the framework of the UV Curve (also known as the Beveridge Curve) indicates that Singapore’s labour market appears to have improved in its matching...

The paper measures the impact of information technology on the output growth of Singapore economy. A vibrant information sector will play an important catalytic role in developing Singapore into a knowledge-based economy. The analysis provided in the paper support the assertion that information...

Purpose – The purpose of this paper is to examine the trade linkages and degree of export competitiveness between Singapore, China and India. Design/methodology/approach – Balassa's export performance index and the dynamic RCA index was adopted, as suggested by Kreinin and Plummer to...

Purpose – This paper aims to examine production linkage and technology spillovers due to the presence of foreign firms in the Indian pharmaceutical industry. Design/methodology/approach – This study employs the semi‐parametric estimation method suggested by Olley and Pakes to control for...

The paper examines the spillover and linkage effects from the presence of foreign firms in the Indian pharmaceutical industry. A comprehensive panel data consisting of nearly 200 firms from 1989 to 2000 was used in the current study. The recent semi-parametric estimation methods as suggested by...