The impact of export growth and scale economies on productivity in Singapore's manufacturing industries

Journal of Economic Studies

Volumn 30, Issue 5-6, 2003, Pages 623-635

  Thangavelu, S M ^a   Owyong, David T ^b  

^a NATIONAL UNIVERSITY OF SINGAPORE   (Singapore)

^b Government Investment Corporation   (Singapore)

Author keywords

Economic growth; Exports; Singapore

Indexed keywords

EID: 0346897807     PISSN: 01443585     EISSN: None     Source Type: Journal    
DOI: 10.1108/01443580310504471     Document Type: Article

References (26)

1. Baltagi, B. (1995), Econometric Analysis of Panel Data, Wiley, Chichester.
2. Barro, R.J. and Salai-i-Martin, X. (1995), Economic Growth, McGraw-Hill, New York, NY.
3. Blundell, R. and Bond, S. (1998), "Initial conditions and moment restrictions in dynamic panel data models", Journal of Econometrics, Vol. 87, pp. 115-43.
4. Buckley, P. and Casson, M. (1991), The Future of the Multinational Enterprise, Macmillan, London.
5. Casson, M. (1987), The Firm and the Market: Studies on the Multinational and the Scope of the Firm, MIT Press, Cambridge.
6. Caves, R. (1996), Multinational Enterprise and Economic Analysis, Cambridge University Press, Cambridge.
7. Chen, T-J. and Tang, D. (1990), "Export performance and productivity growth: the case of Taiwan", Economic Development and Cultural Change, Vol. 79, pp. 577-85.
8. Dunning, J. (1993), Multinational Enterprises and the Global Economy, Addison-Wesley, Wokingham.
9. Edwards, S. (1998), "Openness, productivity and growth: what do we really know?", The Economic Journal, Vol. 108, pp. 383-98.
10. Gallop, F.M. and Jorgenson, D.W. (1980), "United States factor productivity by industry, 1947-1973", in Kendrick, J.W. and Vaccara, B.N. (Eds), New Developments in Productivity Measurement and Analysis, University of Chicago Press, Chicago, IL.
11. Greene, W. (1997), Economic Analysis, 3rd ed., Prentice-Hall, Englewood Cliffs, NJ.
12. Grossman, G. and Helpman, E. (1991), Innovation and Growth in the Global Economy, MIT Press, Cambridge, MA.
13. Harper, M.J., Berndt, E.R. and Wood, D. (1989), "Rates of return and capital aggregation using alternative rental rates", in Jorgenson, D. and Landau, R. (Eds), Technology and Capital Formation, MIT Press, Cambridge, MA.
14. Hulten, C. and Wykoff, F. (1981), "The measurement of economic depreciation", in Hulten, C. (Ed.), Depreciation, Inflation and the Taxation of Income from Capital, The Urban Institute Press, Washington, pp. 81-125.
15. Krugman, P. (1994), "The myth of Asia's miracle", Foreign Affairs, Vol. 73, pp. 62-78.
16. Marin, D. (1992), "Is the export-led growth hypothesis valid for industrialized countries?", Review of Economics and Statistics, Vol. 74, pp. 678-88.
17. Markusen, J. (1991), "The theory of the multinational enterprise: a common analytical framework", in Ramstetter, E. (Ed.), Direct Foreign Investment in Asia's Developing Economies and Structural Change in the Asia-Pacific Region, Westview Press, Boulder, Co, pp. 11-32.
18. Ramstetter, E. (1999), "Comparisons of foreign multinationals and local firms in Asian manufacturing over time", Asian Economic Journal, Vol. 13, pp. 163-203.
19. Rao, V.V.B. and Thangavelu, S.M. (1998), "TFP growth in manufacturing industries in ASEAN: a study on FDI intensive and other industries in Singapore", Papers and Proceedings of International Symposium: Foreign Direct Investment in East Asia, Vol. 1, Department of Research Co-operation, Economic Research Institute, EPA, Government of Japan, Tokyo.
20. Romer, P. (1986), "Increasing returns and long run growth", Journal of Political Economy, Vol. 94, pp. 1002-37.
21. Rugman, A. (1980), "Internalization as a general theory of foreign direct investment: a re-appraisal of the literature", Weltwirtschaftliches Archiv, Vol. 116, pp. 365-79.
22. Rugman, A. (1985), "Internalization is still a general theory of foreign direct investment", Weltwirtschaftliches Archiv, Vol. 121, pp. 570-5.
23. Shan, J. and Sun, F. (1998), "On the export-led growth hypothesis for the little dragons: an empirical reinvestigation", Atlantic Economic Journal, Vol. 26, pp. 353-71.
24. Xu, Z. (1996), "On the causality between export growth and GDP growth: an empirical investigation", Review of International Economics, Vol. 4, pp. 172-84.
25. Young, A. (1992), "A tale of two cities: factor accumulation and technical change in Hong Kong and Singapore", in Blanchard, O. and Fischer, S. (Eds), NBER Macroeconomics Annual, MIT Press, Cambridge, MA, pp. 13-54.
26. Young, A. (1995), "The tyranny of numbers: confronting the statistical realities of the East Asian growth experience", Quarterly Journal of Economics, Vol. 110, pp. 641-80.