Economic Efficiency and Productivity Growth in the Asia-pacific Region

Edited by Tsu-Tan Fu, Research Fellow, Institute of Economics, Academia Sinica, Taipei, Taiwan, ROC, Cliff J. Huang, Professor of Economics, Emeritus, Vanderbilt University, US and the late C.A. Knox Lovell, formerly School of Economics, University of Queensland, Australia

• Contents: 1. Editor’s Introduction Part I: International Studies A. The Asia-Pacific Region 2. An Alternative Tale of Two Cities 3. Sources of Growth in East Asian Economies 4. The Relative Efficiency and Rate of Technology Adoption of Asian and North American Airline Firms B. International 5. There is No Silver Bullet: Investment and Growth in the G7 6. Is the Asia-Pacific Region Different? Technical Progress Bias and Price Elasticity Estimates for 18 OECD Countries, 1960-1992 Part II: National Studies A. Macroeconomic Productivity Studies 7. A Tiger in the Land of the Panda: Growth Prospects for Hong Kong under Reversion to China 8. Productivity and Efficiency in China’s Regional Economies 9. Total Factor Productivity and Outward Orientation in Taiwan: What is the Nature of the Relationship? 10. Technology Adoption and Technical Efficiency in Taiwan: Foreign Investment Led versus Export Performance Promoted 11. Measurement of Total Factor Productivity in Japan: How to Evaluate Impacts of New Technologies on TFP Growth 12. Productivity Growth in Taiwan’s Manufacturing Industry, 1961-1993 B. Microeconomic Efficiency Studies 13. The Achilles’ Heel of Thailand’s Financial Market 14. Cost Efficiency of the Farmers’ Credit Unions in Taiwan 15. The Social Productivity of China’s Town and Village Enterprises Index

'The book provides considerable insights into the factors of productivity and efficiency change in rapidly growing economies.'