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Introduction productivity, efficiency, and economic growth in the asia-pacific region
Technology Management, Economics, and Policy Program, Seoul National University, Seoul, South Korea.
University of Kurdistan Hawler, Federal Region of Kurdistan, Kurdistan, Iraq.ORCID iD: 0000-0002-7902-4683
2009 (English)In: Productivity, efficiency, and economic growth in the Asia-Pacific region / [ed] Jeong-Dong Lee, Almas Heshmati, Heidelberg: Physica Verlag, 2009, 1-10 p.Chapter in book (Refereed)
Abstract [en]

Productivity growth enables an individual firm to raise profit and market share at the micro level, and it helps a country to counteract inflation, create jobs, and to force the necessary industrial restructuring at the macro level. There is widespread consensus among academic researchers in the field of growth theory, policy makers, and/or businessmen that productivity growth is indispensable to sustainable economic growth. There is no one-size-fits-all solution to improve the productivity, since the ways and means critically depend upon the context and the condition under which firms operate. For example, the strategy for productivity growth in 2000s should be different from that in 1990s, since the parameters forming the economic condition are different and changing. Cross-sectionally, the strategy for automobile industry should not be the same as that for financial institutions, mainly because the production process and industry structure are all different from each other. Thus, the decision maker who is in charge of productivity growth should learn the characteristics of the context, and track down the relevant studies and successful policies that tackle similar sector and/or period. ©2009 Physica-Verlag Heidelberg.

Place, publisher, year, edition, pages
Heidelberg: Physica Verlag, 2009. 1-10 p.
Series
Contributions to Economics, ISSN 1431-1933
Keyword [en]
automobile industry; business service; decision making; economic growth; firm size; industrial restructuring; industrial structure; policy making; productivity; profitability, Pacific Ocean; Pacific Rim
National Category
Economics
Identifiers
URN: urn:nbn:se:hj:diva-24529Scopus ID: 2-s2.0-77950464740ISBN: 978-3-7908-2071-3 (print)OAI: oai:DiVA.org:hj-24529DiVA: diva2:742782
Available from: 2014-09-02 Created: 2014-09-01 Last updated: 2016-01-14Bibliographically approved

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