Choice of flexible functional form in total factor productivity measurement.

This thesis makes a number of contributions to productivity measurement in the Singapore context. First, a single output, four input panel database is developed thirty manufacturing industries at the 3 Digit Singapore Standard Industrial Classification level from 1980 to 1991. The second contributio...

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Main Author: Tan, Melvyn Chwee Hock.
Other Authors: Tan, Randolph
Format: Theses and Dissertations
Language:English
Published: 2009
Subjects:
Online Access:http://hdl.handle.net/10356/20220
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Institution: Nanyang Technological University
Language: English
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spelling sg-ntu-dr.10356-202202024-01-12T10:13:34Z Choice of flexible functional form in total factor productivity measurement. Tan, Melvyn Chwee Hock. Tan, Randolph Nanyang Business School Lall, Ashish DRNTU::Business::Management::Productivity This thesis makes a number of contributions to productivity measurement in the Singapore context. First, a single output, four input panel database is developed thirty manufacturing industries at the 3 Digit Singapore Standard Industrial Classification level from 1980 to 1991. The second contribution is to allow for a more general specification of the cost function. Three competing flexible functional forms: the Transcendental Logarithmic cost function; the Generalised Leontief cost function; and the Symmetric Generalised McFadden cost function are estimated. This allows for a comparison across functional forms. Given the flexibility of the cost functions, economic effects such as returns to scale and technical change can be obtained directly. Last, theory suggests that any flexible functional form can provide a second order approximation to an unknown technology. Here, a non-nested hypothesis test, the PE test is used to determine the appropriate form of the cost function for the Singapore manufacturing sector. Master of Business 2009-12-14T09:11:45Z 2009-12-14T09:11:45Z 1998 1998 Thesis http://hdl.handle.net/10356/20220 en NANYANG TECHNOLOGICAL UNIVERSITY 226 p. application/pdf
institution Nanyang Technological University
building NTU Library
continent Asia
country Singapore
Singapore
content_provider NTU Library
collection DR-NTU
language English
topic DRNTU::Business::Management::Productivity
spellingShingle DRNTU::Business::Management::Productivity
Tan, Melvyn Chwee Hock.
Choice of flexible functional form in total factor productivity measurement.
description This thesis makes a number of contributions to productivity measurement in the Singapore context. First, a single output, four input panel database is developed thirty manufacturing industries at the 3 Digit Singapore Standard Industrial Classification level from 1980 to 1991. The second contribution is to allow for a more general specification of the cost function. Three competing flexible functional forms: the Transcendental Logarithmic cost function; the Generalised Leontief cost function; and the Symmetric Generalised McFadden cost function are estimated. This allows for a comparison across functional forms. Given the flexibility of the cost functions, economic effects such as returns to scale and technical change can be obtained directly. Last, theory suggests that any flexible functional form can provide a second order approximation to an unknown technology. Here, a non-nested hypothesis test, the PE test is used to determine the appropriate form of the cost function for the Singapore manufacturing sector.
author2 Tan, Randolph
author_facet Tan, Randolph
Tan, Melvyn Chwee Hock.
format Theses and Dissertations
author Tan, Melvyn Chwee Hock.
author_sort Tan, Melvyn Chwee Hock.
title Choice of flexible functional form in total factor productivity measurement.
title_short Choice of flexible functional form in total factor productivity measurement.
title_full Choice of flexible functional form in total factor productivity measurement.
title_fullStr Choice of flexible functional form in total factor productivity measurement.
title_full_unstemmed Choice of flexible functional form in total factor productivity measurement.
title_sort choice of flexible functional form in total factor productivity measurement.
publishDate 2009
url http://hdl.handle.net/10356/20220
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