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

journal contribution
posted on 2014-06-24, 11:11 authored by Hailin Liao, Xiaohui Liu, Mark J. Holmes, Tom Weyman-Jones
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. © 2009 Blackwell Publishing Ltd and The University of Manchester.

History

School

  • Business and Economics

Department

  • Business

Published in

Manchester School

Volume

77

Issue

2

Pages

244 - 270

Citation

LIAO, H. ... et al, 2009. The impact of foreign R&D on total factor productivity in the East Asian manufacturing industry. Manchester School, 77 (2), pp. 244 - 270

Publisher

Blackwell Publishing Ltd / © The Authors. Journal compilation © Blackwell Publishing Ltd and The University of Manchester.

Version

  • VoR (Version of Record)

Publication date

2009

Notes

This article is closed access.

ISSN

1463-6786

eISSN

1467-9957

Language

  • en

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