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Catch Up Patterns in Newly Industrializing Economies. An International Comparison of Manufacturing Productivity in Taiwan, 1961- 1993

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  • Timmer, P.M.

Abstract

Taiwan has undergone a process of swift industrialization after 1948. Rapid accumulation of physical and human capital enabled Taiwan to exploit new technologies and products, resulting in rapid catch up in labour productivity relative to more advanced economies. Using the industry-of-origin approach, this paper shows that in 1961, Taiwan's labour productivity in aggregate manufacturing was 11% of the level in the United States, increasing to 26% in 1986. This catch up process was found for all 13 manufacturing branches. After 1986, a process of deindustrialization set in and inflow of labour in the manufacturing sector stagnated.

Suggested Citation

  • Timmer, P.M., 1998. "Catch Up Patterns in Newly Industrializing Economies. An International Comparison of Manufacturing Productivity in Taiwan, 1961- 1993," Papers 40, Groningen State, Institute of Economic Research-.
    • Handle: RePEc:fth:gronig:40
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    Cited by:

    1. Marcel Timmer & Adam Szirmai, 1999. "Comparative productivity performance in manufacturing in South and East Asia, 1960-93," Oxford Development Studies, Taylor & Francis Journals, vol. 27(1), pages 57-79.

    More about this item

    Keywords

    ECONOMIC DEVELOPMENT ; PRODUCTIVITY;

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development

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