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Markups, Returns to Scale, and Productivity: A Case Study of Singapore's Manufacturing Sector

The results of this paper challenge the conventional wisdom in the literature that productivity plays no role in the economic development of Singapore. Properly accounting for market power and returns to scale technology, the estimated average prod...

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Bibliographic Details
Main Author: Kee, Hiau Looi
Language:English
en_US
Published: World Bank, Washington, D.C. 2013
Subjects:
AGGREGATE DEMAND
AGGREGATE LEVEL
ANNUAL GROWTH
ANNUAL GROWTH RATE
AVERAGE ANNUAL GROWTH
AVERAGE GROWTH
AVERAGE GROWTH RATE
AVERAGE PRODUCTIVITY
AVERAGE PRODUCTIVITY GROWTH
BUSINESS CYCLE
CAPITAL ACCUMULATION
CAPITAL GOODS
CAPITAL INPUT
CAPITAL INVESTMENT
CAPITAL STOCK
CAPITAL STOCK GROWTH
COMPETITIVENESS
CONSTANT RETURNS
CONSTANT RETURNS TO SCALE
COST MINIMIZATION
DATA AVAILABILITY
DECREASING RETURNS
DEPENDENT VARIABLE
DEVELOPMENT RESEARCH
ECONOMIC DEVELOPMENT
ELASTICITY
EMPIRICAL MODEL
EMPIRICAL SECTION
EMPLOYMENT
EQUATIONS
ERROR TERM
ESTIMATED COEFFICIENT
ESTIMATED COEFFICIENTS
FACTOR ACCUMULATION
FIXED EFFECTS
GROWTH ACCOUNTING
GROWTH RATE
GROWTH RATE OF OUTPUT
GROWTH RATES
HUMAN CAPITAL
IMPERFECT COMPETITION
INPUT PRICES
INTERMEDIATE INPUT
INTERNATIONAL TRADE
LABOR INPUT
MARGINAL COST
MARKET POWER
NEOCLASSICAL MODEL
OIL
PERFECT COMPETITION
POINT ESTIMATES
POLICY RESEARCH
PRODUCTION FUNCTION
PRODUCTION FUNCTIONS
PRODUCTIVITY
PRODUCTIVITY GROWTH
RATE OF RETURN
REGRESSION ANALYSIS
RETURN TO CAPITAL
RETURNS TO SCALE
SHARE OF LABOR
SUPPLY OF LAND
TECHNOLOGICAL PROGRESS
TFP
TOTAL FACTOR PRODUCTIVITY
TOTAL REVENUE
TRADE LIBERALIZATION
TRANSPORT
UNIT COST FUNCTION
UNIT OF CAPITAL
VALUE ADDED
WAGES MARKUP
MANUFACTURING SECTOR
PRIVATE SECTOR DEVELOPMENT
CASE STUDIES
Online Access:http://documents.worldbank.org/curated/en/2002/06/1943367/markups-returns-scale-productivity-case-study-singapores-manufacturing-sector
http://hdl.handle.net/10986/14284

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