IDEAS home Printed from https://ideas.repec.org/a/udc/esteco/v20y1993iespp157-199.html
   My bibliography  Save this article

Productivity, factor accumulation and economic policy: the case of Korea and Singapore

Author

Listed:
  • Rodrigo Fuentes

Abstract

This paper adressess growth measurement within the traditional growth accounting framework, by relating growth in labor productivity and growth in total factor productivity (TFP) to economic policies. Additionally, the relationship between TFP and measurement of human capital and scale economies was analyzed. The study was conducted by studying two developing countries, Korea and Singapore, characterized by an outward orientation of their economies. In Korea, which followed diversified and flexible strategies export promotion, productivity growth seemingly was due to scale economies and human capital accumulation, whereas in Singapore, an entrepot-based re-export economy, productivity growth was almost zero. The high growth in Singapore in seemingly originated by factor accumulation rather than by an increase in productivity. The low productivity growth was presumably due to comparative advantages in assembly-type activities, resulting from the immigration of low skilled labor from neighboring count

Suggested Citation

  • Rodrigo Fuentes, 1993. "Productivity, factor accumulation and economic policy: the case of Korea and Singapore," Estudios de Economia, University of Chile, Department of Economics, vol. 20(esp Year ), pages 157-199, june.
    • Handle: RePEc:udc:esteco:v:20:y:1993:i:esp:p:157-199
    as

    Download full text from publisher

    File URL: http://www.econ.uchile.cl/uploads/publicacion/bafc4c3b-4767-4374-b3e5-2feb4f99e4e3.pdf
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:udc:esteco:v:20:y:1993:i:esp:p:157-199. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Verónica Kunze (email available below). General contact details of provider: https://edirc.repec.org/data/deuclcl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.