Productivity growth has long been recognised by both economists and
non-economists as being necessary for all economies aspiring to
raise their standard of living. Thus, Renuka Mahadevan aims to
highlight the conceptual differences, advantages and disadvantages
of the various total factor productivity (TFP) measures and
suggests processes and strategies for choosing the best technique
to draw up policies for sustainable growth. Empirical results from
six case studies are presented, and the analysis of the selected
Asia Pacific economies is not only informative but also allows for
variety in issues concerning productivity analysis. Consequently,
policy measures based on each of the economies' experiences are
carefully measured out in relation to various aspects such as trade
liberalisation, industrial policy and other microeconomic and
macroeconomic policies. The nature of the applied work in the book
is refreshing and will therefore appeal to policy makers. It is
also a valuable reference material for economists and researchers
in industry and government, as well as graduate students who are
interested in the Asia-pacific region and in particular, in
productivity growth analysis.
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