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 language | English |
|---|---|
| Pages (from-to) | 244-270 |
| Number of pages | 27 |
| Journal | Manchester School |
| Volume | 77 |
| Issue number | 2 |
| Early online date | 17 Feb 2009 |
| DOIs | |
| Publication status | Published - Mar 2009 |
| Externally published | Yes |
Fingerprint
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 journal › Article
}
TY - JOUR
T1 - The impact of foreign R&D on total factor productivity in the East Asian manufacturing industry
AU - Liao, Hailin
AU - Liu, Xiaohui
AU - Holmes, Mark
AU - Weyman-Jones, Tom
PY - 2009/3
Y1 - 2009/3
N2 - 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.
AB - 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.
U2 - 10.1111/j.1467-9957.2008.02096.x
DO - 10.1111/j.1467-9957.2008.02096.x
M3 - Article
VL - 77
SP - 244
EP - 270
JO - Manchester School
JF - Manchester School
SN - 1463-6786
IS - 2
ER -