The Determinants of Productivity and Size Dynamics─An empirical study of Tawanese Electronic and Textile Industries.
| Autor: | Ou Yi-Pey, 歐宜佩 |
|---|---|
| Rok vydání: | 2003 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 91 The purpose of this paper is to examine the determinants of the productivity dynamic and scale growth of enterprises of different size in Taiwan’s electronic and textile industry. The censuses data sets used in this research come from the Taiwan-Fukien area of the Republic of China from 1986 to 1996. The empirical model described here is a sample selection model. We then estimate a Bivatiate Probit to investigate firm size and firm survival decisions, and use those results to account for sample selections when estimation a simultaneous system of the productivity dynamic and scale growth of enterprises of different size.. For the two industries, We find that firm growth stems from both the initial productivity level and subsequent productivity growth. The empirical evidence provided in this paper suggests that firms with higher capital intensity and export intensity growth have higher growth rates. For large enterprises, the empirical evidence demonstrates that firm size is independent to growth, supporting Gibrat’s law. And firm age is also independent to firm growth, rejecting Jovanovic’s (1982) prediction. For the small and medium scaled enterprises, Gibrat’s law is rejected, while the negative relationship between plant age and plant growth predicted by Jovanovic is found to hold. We also find that firm with higher initial productivity level、capital intensity and capital deepening have lower productivity growth rates. For the two industries, firm size and age cause different influence in the firms of different size for productivity growth rates. For small and medium scaled enterprises, productivity growth rates of new entrants are significant higher than those of non-exporters, but large enterprises are not. In addition, we also find that productivity growth rates of continuing exporters are significant higher than that those of non-exporters, we proved the effect of learning by export is not decreasing in the export market. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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