The impact of foreign R&D on total factor productivity in the East Asian manufacturing industry

Hailin Liao, Xiaohui Liu, Mark Holmes, Tom Weyman-Jones

Research output: Contribution to journalArticle

6 Citations (Scopus)

Abstract

Applying a stochastic production frontier we examine the extent to which industrial countries' R&D contributes to East Asian economies' total factor productivity (TFP) growth in manufacturing sectors, via foreign trade as the channel for technological spillovers, based on a sample of nine manufacturing sectors for eight East Asian economies from 1973 to 1998. Our findings provide evidence that foreign R&D spillovers through imports are the main determinant of these economies' TFP growth, with output elasticity standing at an average of 0.09, consistent with many earlier studies. Both technological progress and efficiency gains are found to be key factors for sustainable economic growth in this region.

Original languageEnglish
Pages (from-to)244-270
Number of pages27
JournalManchester School
Volume77
Issue number2
Early online date17 Feb 2009
DOIs
Publication statusPublished - Mar 2009
Externally publishedYes

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Manufacturing sector
Total factor productivity
Manufacturing industries
Asian economies
Asia
Total factor productivity growth
Stochastic production frontier
Technological spillovers
Efficiency gains
Elasticity
Economic growth
Developed countries
Technological progress
Spillover
Import
Foreign trade
Factors

ASJC Scopus subject areas

  • Economics and Econometrics

Cite this

The impact of foreign R&D on total factor productivity in the East Asian manufacturing industry. / Liao, Hailin; Liu, Xiaohui; Holmes, Mark; Weyman-Jones, Tom.

In: Manchester School, Vol. 77, No. 2, 03.2009, p. 244-270.

Research output: Contribution to journalArticle

Liao, Hailin ; Liu, Xiaohui ; Holmes, Mark ; Weyman-Jones, Tom. / The impact of foreign R&D on total factor productivity in the East Asian manufacturing industry. In: Manchester School. 2009 ; Vol. 77, No. 2. pp. 244-270.
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