Productivity in endowments : sectoral evidence for Hong Kong ' s aggregate growth

About

Countries

Data & Research

Learning

News

Projects & Operations

Publications

Topics

Home > Data & Research > Research > Author Profile > Report Details

Productivity in endowments : sectoral evidence for Hong Kong's aggregate growth, Volume 1

Author:	Hiau Looi Kee;	Collection Title:	Policy, Research working paper series ; no. WPS 2892
Country:	Hong Kong SAR, China;	Date Stored:	2002/10/25
Document Date:	2002/09/30	Document Type:	Policy Research Working Paper
Language:	English	Region:	East Asia and Pacific
Report Number:	WPS2892	Sub Sectors:	General finance sector
SubTopics:	Environmental Economics & Policies; Industrial Management; Water and Industry; Economic Theory & Research; Banks & Banking Reform; Economic Growth	Volume No:	1

Summary: The author provides sectoral evidence that sheds new light on the current debate regarding the sources of growth of the East Asian miracle. The author tests both the productivity-driven and endowment-driven hypotheses using Hong Kong's sectoral data. The results show that most of the growth in the services sector is driven by the rapidly accumulating capital endowments, and not by productivity growth. In addition, productivity growth in the manufacturing sector is also unimpressive. The manufacturing sector is more labor intensive and its growth is hindered by the reallocation of resources into the services sector as a result of the growth of capital endowments and imports. Overall, sectoral evidence supports the endowment-driven hypothesis for Hong Kong's aggregate growth.


Official Documents Official, scanned versions of documents (may include signatures, etc.)
File Type		Description	File Size (mb)

	PDF 35 pages	Official version*	2.45 (approx.)
	Text	Text version**


Light-Weight Documents Lighter (less MB) documents which may or may not be the final, official version
File Type		Description	File Size (mb)

	PDF 30 pages	WPS2892	0.28

* The official version is derived from scanning the final, paper copy of the document and is the official,
archived version including all signatures, charts, etc.

** The text version is the OCR text of the final scanned version and is not an accurate representation of the final text.
It is provided solely to benefit users with slow connectivity.

Permanent URL for this page: http://go.worldbank.org/YDNFFBAQR0