Growth and Productivity in East Asia

by edited by Takatoshi Ito and Andrew k. Rose

• ISBN13: 9780226386805
• ISBN10: 0226386805
• Format: Hardcover
• Copyright: 2004-08-01
• Publisher: Univ of Chicago Pr

Summary

Considering the examples of Australia and the Pacific Rim,Growth and Productivity in East Asiaoffers a contemporary explanation for national productivity that measures contributions not only from capital and labor, but also from economic activities and relevant changes in policy, education, and technology.Takatoshi Ito and Andrew K. Rose have organized a group of collaborators from several Asian countries, the United States, and other parts of the globe who ably balance both macroeconomic and microeconomic study with theoretical and empirical approaches. Growth and Productivity in East Asia gives special attention to the causes for the unusual success of Australia, one of the few nations to maintain unprecedented economic growth despite the 1997 Asian financial crisis and the 2001 global downturn. A new database comprising eighty-four Japanese sectors reveals new findings for the last thirty years of sectoral productivity and growth in Japan. Studies focusing on Indonesia, Taiwan, and Korea also consider productivity and its relationship to research and development, foreign ownership, and policy reform in such industries as manufacturing, automobile production, and information technology.

Author Biography

Takatoshi Ito is a professor of economics at the University of Tokyo and a research associate of the NBER. Andrew K. Rose is the Bernard T. Rocca Jr. Professor of International Trade and director of the Clausen Center for International for Business and Policy at the Haas School of Business, University of California, Berkeley, and a research associate of the NBER.

Table of Contents

Acknowledgments	xiii
Introduction	1	(8)
Takatoshi Ito and Andrew K. Rose
PART 1. MACRO PRODUCTIVITY
1. Ideas and Education: Level or Growth Effects and Their Implications for Australia	9	(32)
Steve Dowrick
Comment: John Leahy
Comment: Andrew K. Rose
2. Australia's 1990's Productivity Surge and Its Determinants	41	(30)
Dean Parham
Comment: Chin Hee Hahn
Comment: Francis T. Lui
3. Institutions, Volatility, and Crises	71	(38)
Daron Acemoglu, Simon Johnson, and James Robinson
Comment: Steve Dowrick
Comment: Dipinder S. Randhawa
4. GATT/WTO Accession and Productivity	109	(40)
David D. Li and Changqi Wu
Comment: Simon Johnson
Comment: Epictetus E. Patalinghug
5. The Contribution of FDI Flows to Domestic Investment in Capacity, and Vice Versa	149	(28)
Assaf Razin
Comment: Kyoji Fukao
Comment: Dean Parham
PART II. MICRO PRODUCTIVITY
6. Sectoral Productivity and Economic Growth in Japan, 1970-98: An Empirical Analysis Based on the JIP Database	177	(52)
Kyoji Fukao, Tomohiko Inui, Hiroki Kawai, and Tsutomu Miyagawa
Comment: Peter Drysdale
Comment: Keiko Ito
7. Foreign Ownership and Productivity in the Indonesian Automobile Industry: Evidence from Establishment Data for 1990-99	229	(48)
Keiko Ito
Comment: Muhammad Chatib Basri
Comment: Francis T. Lui
8. Productivity Growth and R&D Expenditure in Taiwan's Manufacturing Firms	277	(20)
Jiann-Chyuan Wang and Kuen-Hung Tsai
Comment: Tsutomu Miyagawa
Comment: Jungho Yoo
9. Bankruptcy Policy Reform and Total Factor Productivity Dynamics in Korea: Evidence from Microdata	297	(30)
Youngjae Lim and Chin Hee Hahn
Comment: Chong-Hyun Nam
Comment: Epictetus E. Patalinghug
10. Information Technology and Firm Performance in Korea	327	(24)
Jong-Il Kim
Connnent: Chong-Hyun Nam
Comment: Dipinder S. Randhawa
11. How Important Is Discrete Adjustment in Aggregate Fluctuations?	351	(26)
Andrew Caplin and John Leahy
Comment: Jong-Il Kim
Comment: Assaf Razin
Contributors	377	(4)
Author Index	381	(4)
Subject Index	385