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  • Output and Productivity Performance of Hong Kong and Singapore’s Transport and Communications Sector, 1990 to 2005

    Author(s)
    L. Lee, Boon
    Shepherd, William
    Griffith University Author(s)
    Shepherd, William F.
    Year published
    2009
    Metadata
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    Abstract
    This paper uses the industry of origin approach to analyze value added and labor productivity outcomes arising from progressive liberalization of government and from statutory board control of transport and communications in Singapore. The paper compares these outcomes with those from the market-orientated, more privatized transport and communications sector in Hong Kong, for the benchmark year 2004 and a review period from 1990 to 2005. The study is among the first to carefully compare labor productivity in specific sectors between the two countries. Although Singapore generally recorded higher levels of labor productivity, ...
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    This paper uses the industry of origin approach to analyze value added and labor productivity outcomes arising from progressive liberalization of government and from statutory board control of transport and communications in Singapore. The paper compares these outcomes with those from the market-orientated, more privatized transport and communications sector in Hong Kong, for the benchmark year 2004 and a review period from 1990 to 2005. The study is among the first to carefully compare labor productivity in specific sectors between the two countries. Although Singapore generally recorded higher levels of labor productivity, there was some catch-up by Hong Kong in the later part of the review period. There was also substantial variation in labor productivity performance within sectoral branches in the two sectors. The study suggests there is some evidence that the different political-economic structures and policy approaches to deregulation and liberalization played a role in determining productivity performance in the transport and communications sectors in Singapore and Hong Kong. The analysis infers a potential, increasing focus on privatization as the driving force for further liberalization of the transport and communications sector in Singapore.
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    Journal Title
    Asian Economic Journal
    Volume
    23
    Issue
    1
    Publisher URI
    http://www.interscience.wiley.com/jpages/1351-3958
    DOI
    https://doi.org/10.1111/j.1467-8381.2009.02001.x
    Subject
    Economics not elsewhere classified
    Economics
    Publication URI
    http://hdl.handle.net/10072/30136
    Collection
    • Journal articles

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