• Title/Summary/Keyword: Factor Productivity

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Assessing the Green Total Factor Productivity of Water Use in Mainland China

  • Ning, Meng;Wu, Zheru;Zhou, Zhitian;Yang, Duogui
    • International Journal of Computer Science & Network Security
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    • v.21 no.1
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    • pp.201-206
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    • 2021
  • The significance of high-quality development and green total factor productivity has attracted widespread attention and research, while few studies on green total factor productivity that considers the use of water resources have been conducted in the context of water shortages and water stress. In this study, the green total factor productivity of water use from 2005 to 2015 in mainland China is evaluated based on the global Malmquist-Luenberger productivity index. Results show that: (1) China's green total factor productivity of water use has been improving since 2005 with an annual global Malmquist-Luenberger productivity index of 1.0104. (2) At the regional level, the eastern zone in mainland China owns the highest green total factor productivity of water use, while that in the intermediate zone ranks last. (3) The green total factor productivity of water use in the southern region (1.0113) significantly higher than that in the northern region (1.0095), and also higher than the national average level in the same period. BPC index has been the most important incluencing factor of green total factor productivity of water use at both national level and regional level since 2011.

Fiscal Convergence and Total Factor Productivity: Firm-Level Evidence from Pakistan

  • KHAN, Usman Shaukat;KHAN, Muhammad Arshad;NAWAZ, Saima;RAHMAN, Abdul
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.10
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    • pp.555-569
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    • 2020
  • This study examines the impact of corporate tax, a fiscal measure along with trade liberalization and research and development on total factor productivity for a panel of 153 industrial firms listed on the Pakistan Stock Exchange over the period 1997-2017. For empirical analysis, we employ the system generalized method of moment estimator. In the first step, we estimate industrial production function and the results reveal that raw material, industrial labour force and energy play vital role in enhancing industrial production. Whereas, industrial capital exerts negative impact on industrial output. We also measured total factor productivity using the production elasticities. In the second step, we examine the impact of corporate tax, trade liberalization and research and development on total factor productivity. The results indicate that higher level of corporate tax exerts negative impact on total factor productivity. The findings reveal that higher corporate taxation discourages industrial firms to undertake research and development thereby exerting adverse impact on total factor productivity of firms. The impact of trade liberalization proxied by average tariff is positive while customs duty and sales tax negatively impact firm-level total factor productivity. These findings provide useful insights for managers, investors and policy makers in Pakistan.

Effects of Technology and Innovation Management and Total Factor Productivity on the Economic Growth of China

  • LEE, Jung Wan;XUAN, Ye
    • The Journal of Asian Finance, Economics and Business
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    • v.6 no.2
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    • pp.63-73
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    • 2019
  • The paper aims to investigate relationships between technology and innovation management, total factor productivity and economic growth in China. By comparing the trends in total factor productivity growth of industrialized economies (i.e. OECD), this study intends to showcase the importance of total factor productivity progress in the Chinese economy. The study employs time series data of an annual basis for the period from 1977 to 2016 retrieved from the World Development Indicator. The study employs unit root test, cointegration test, fully modified least squares estimation method, canonical cointegrating regression and dynamic least squares estimation method to test the hypotheses. The results of the cointegrating regression analysis show that manufacturing growth leads to an increase of total factor productivity in the short-run in China. The findings of the study suggest that manufacturing (i.e. technology and product innovation) is positively related to the increase of total factor productivity in the short-run and total output growth in the long-run. The findings suggest that promoting technology and innovation management and supporting R&D subsidies may reduce the marginal cost of conducting R&D and increase the rate of technology and innovation management and R&D activity and therefore, the total factor productivity growth rate.

A Search for the Factor on Productivity Fluctuation in Korean Manufacturing Industries (우리나라 제조업의 생산성 변동원인 규명)

  • 강규철
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.22 no.51
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    • pp.175-187
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    • 1999
  • The notion of productivity has been extended from the quantitative change of input factors to the efficiency change meaning efficient use of resources, and to the technical change meaning the qualitative improvement of input resources. In this way, the technical change is termed as total factor productivity in the individual businesses or the manufacturing industries. They should efficiently respond to the variations of economic environment and at the same time, have to make the efforts to improve productivity by increasing managerial efficiency and rasing the level of technology change for the continuous growth. Considering the growing importance of productivity, this study closely examines the factors influctuation on the productivity, fluctuation using total factor productivity in korean manufacturing industries. For the objective this study investigates the methods of measurement about total factor productivity, establishes the hypotheses based on the preceding research and finding. The results are obtained through the examination on the outcoms of regression analysis and related data. The results can be summarized as follows, First, in the progress of korean industrialization, the qualitative growth does not depend on the total factor productivity of the technical advance, and does not lead to the industry expansion. That is, the contribution of total factor productivity turns out to be relatively low. Second, it is necessary for the manufacturing industry to improve the level of technology and to emphasize the innovation of business, since the capital investment does not completely become fixed in the growth rate of productivity. Finally, continuous R&D investment should be made to increase total factor productivity. Namely, the regulation of industrial structure with an intensive technical development is essential and should be based on scientific and technical knowledge.

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EVALUATING PRODUCTIVITY-AFFECTING FACTORS ON FINISHING WORKS IN HIGH-RISE HOUSING CONSTRUCTION

  • Chi-Joo Lee;Jae-Jun Kim;In-Suk Park;Sang-Hyo Lee;Yoon-Sun Lee
    • International conference on construction engineering and project management
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    • 2007.03a
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    • pp.398-406
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    • 2007
  • Constructing high buildings is a global trend, and skyscrapers for residing are also increasing. But a period of works for finish construction is different depending on a company while a period of works for frame construction of skyscrapers for residing in the country is regular when considering a difference of a method of construction, and the increase of repeated construction for high buildings and number of related process for finish construction are stressing the importance of improving productivity through construction management and plan for works. Because there are many compositive factors affecting productivity other than technical factors, we should intensively study the way of improvement and prevention preferentially through analyzing factors affecting productivity. So in this study, we present important management factors for making systematic strategy and plan for improvement of productivity by finding factors affecting productivity depending on the degree of importance unifying factors affecting productivity of plan factor(internal factor of construction process) and management factor(outer factor of construction process).

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Development of Bioreactors for Hydrogen-Producing Immobilized Photosynthetic Bacteria(I) : Evaluation of lmmobilized CSTR for Hydrogen Productivity and Effectiveness Factor (광합성 박테리아를 이용한 고성능 수소 생산 고정화 생물반응기의 개발(I) 고정화 연속 교반탱크 반응기에서의 수소 생산성 및 효율인자 평가)

  • 선용호;한정우
    • KSBB Journal
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    • v.8 no.3
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    • pp.243-255
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    • 1993
  • In this study, it was observed that hydrogen Productivity varied with stirrer speed, bead radius, input glucose concentration and dilution rate in a continuous stirred tank reactor in which immobilized R. rubrum KS-301 was used as a hydrogen-producing bacterium The mass transfer resistance due to cell immobilization was also studied. In order to estimate an effectiveness factor, Des of glucose was first obtained, which was subsequently represented by the correlation equation between Dos and Xb, As a result external mass transfer resistance could be neglected for stirrer speeds greater than 400rpn With bead radius increasing, the hydrogen productivity and internal effectiveness factor decreased. With input 91ucose concentration increasing, the hydrogen productivity and interval and external effectiveness factor increased. Although an Internal effectiveness factor was not affected, hydrogen productivity Increased with dilution rate increasing. An overall effectiveness factor remained nearly constant for the dilution rates investigate4 but increased with input 91ucose concentration increasing.

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APPLICATION OF AHP IN IDENTIFYING CONSTRUCTION PRODUCTIVITY FACTORS

  • Ishwar Adhikari;Soo-Yong Kim;Young Dai Lee
    • International conference on construction engineering and project management
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    • 2005.10a
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    • pp.667-671
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    • 2005
  • Analytical hierarchy process (AHP) is a potential decision making method in management that can be used in project management as well. Lack of productivity is perhaps the number one problem confronting in the construction industry. There are numerous factors which affect the productivity of a construction project, so it is necessary to find out the critical factors giving birth to productivity. In this paper, construction productivity is taken as example for the demonstration of the AHP application to find out the critical productivity factor in which the Level 1 is taken as selection of critical productivity factor, Level 2 as construction parties and Level 3 as productivity factors group. The outcome of this study is beneficial to the entire constructional professionals for applying the AHP.

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An Empirical Analysis on Factor Productivity of Coastal Fishery (연안어업 요소생산성에 관한 실증연구)

  • Kim, Chang-Wan;Eh, Youn-Yang;Lee, Jin-Soo;Song, Dong-Hyo
    • The Journal of Fisheries Business Administration
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    • v.53 no.1
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    • pp.1-16
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    • 2022
  • This paper aims to propose a new systematic approach to analyze the factor productivity and to investigate those characteristics of factor productivity in operational and managerial perspectives. The Cobb-Douglas production function is adopted to estimate the labor and capital productivity. In estimating those productivities the data of The Research on the Actual Condition of Coastal Fisheries (RACF), especially those of Jeon-Nam Province are used. The statistical analysis of RACF data shows that the characteristics are a little bit different between labor and capital of the operational equipment in the coastal fisheries. The Cobb-Douglas type production function is useful in estimating the factor productivity, especially in case of 'coastal Stow-net fishery' even though the limited data is used. However, in case of 'trap fishery,' the Cobb-Douglas production function appears to have some limitations in estimation. This implies that estimating the factor productivities in fisheries employing broad perspectives and various methods are needed.

The Influence of Trade and Foreign Direct Investment on Green Total Factor Productivity: Evidence from China and Korea

  • Li, Kan-Yong;Gong, Wen-Chao;Choi, Beak-Ryul
    • Journal of Korea Trade
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    • v.25 no.2
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    • pp.95-110
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    • 2021
  • Purpose - This paper intends to conduct theoretical analysis and empirical test on the action mechanism of South Korea-China trade and South Korea's FDI to China on green total factor productivity, so as to provide a new perspective and ideas for the improvement of China's green total factor productivity and promote the high-quality development of China's economy Design/methodology - This paper uses the data of 30 provinces, autonomous regions and municipalities in China from 2004 to 2017 as the research sample, adopts the GML index method of SBM Directional Distance Function to measure GTFP, and analyzes the influence of South Korea-China trade and FDI from South Korea on China's GTFP. Findings - Trade is conducive to promoting technological progress, which has a significant promotion effect on China's green total factor productivity. While FDI has a significant inhibitory effect on China's green total factor productivity, which verifies the "pollution haven" hypothesis. In addition, such influence has certain regional overall heterogeneity. Trade has a more significant promoting effect on GTFP in eastern coastal areas, while FDI has a more significant inhibitory effect on GTFP in central and western inland areas. The interaction between trade and FDI is conducive to the improvement of green total factor productivity, indicating that the benign mechanism of trade and FDI has been formed. Urbanization, industrial structure, human resource level and investment in science and technology are all conducive to the improvement of GTFP. Originality/value - Through theoretical analysis and empirical test on the action mechanism of South Korea-China trade and South Korea's FDI on green total factor productivity, this paper provides a solid theoretical foundation for the further development of China-South Korea economic and trade cooperation in the future.

The estimation of the productivity in adjacent water fisheries (연근해어업 업종별 생산성 추정에 관한 연구)

  • Park, Cheol-Hyung
    • The Journal of Fisheries Business Administration
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    • v.45 no.1
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    • pp.63-77
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    • 2014
  • This study is to estimate the recent changes in total factor productivity of 15 Korean adjacent water fisheries based on Malmquist productivity indices. The study adopted both input and output oriented productivity measures utilizing a hyperbola distance function. In addition to this point, the study also calculated the 95% confidence interval for the various components of the productivities in order to access the statistical significance of estimates using 2000 times of re-sampling process through the smoothed bootstraping. The results of the study showed us that there was 18% reduction in the overall total factor productivity during the study period from 2007 to 2011, which turned out to be 5% of annual decrease in productivity. The study found that the main reason of this decrease in total productivity is about 22% downward shift of a fisheries production function due to recent conditions of a devastated fishing ground. When we evaluated the statistical significance of changes in technical efficiency combining both pure technical and scale efficiency based on the 95% confidence intervals, we could not find any evidence of changes in those components of total factor productivity. When we accessed the productivity of the each of 15 adjacent water fisheries methods, only the large danish seine fisheries showed us about 7% increase in productivity. Even though the large trawling and the large tow-boat trawling revealed no changes in productivity, all of the other 12 fisheries suffered the decreases in productivities.