File(s) under permanent embargo
Reason: This item is currently closed access.
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-JonesApplying 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 SchoolVolume
77Issue
2Pages
244 - 270Citation
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 - 270Publisher
Blackwell Publishing Ltd / © The Authors. Journal compilation © Blackwell Publishing Ltd and The University of Manchester.Version
- VoR (Version of Record)
Publication date
2009Notes
This article is closed access.ISSN
1463-6786eISSN
1467-9957Publisher version
Language
- en