How Heterogeneous Are the Determinants of Total Factor Productivity in Manufacturing Sectors? Panel-Data Evidence from Vietnam
One of the remaining challenges in explaining differences in total factor productivity is heterogeneity between sectors and within a specific sector in terms of labor and capital. This paper employs the generalized method of moments (GMM) to identify factors that affect total factor productivity acr...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
MDPI AG
2020-07-01
|
| Series: | Economies |
| Subjects: | |
| Online Access: | https://www.mdpi.com/2227-7099/8/3/57 |
| _version_ | 1827713592809488384 |
|---|---|
| author | Quang-Thanh Ngo Quang-Van Tran Tien-Dung Nguyen Trung-Thanh Nguyen |
| author_facet | Quang-Thanh Ngo Quang-Van Tran Tien-Dung Nguyen Trung-Thanh Nguyen |
| author_sort | Quang-Thanh Ngo |
| collection | DOAJ |
| description | One of the remaining challenges in explaining differences in total factor productivity is heterogeneity between sectors and within a specific sector in terms of labor and capital. This paper employs the generalized method of moments (GMM) to identify factors that affect total factor productivity across 21 manufacturing sectors and to clarify the heterogeneous determinants of total factor productivity within manufacturing sectors for the period 2010–2015. Our estimations show that large firms have significantly greater total factor productivity levels than small firms in some fragmentations of firms in terms of both labor and total capital and in some manufacturing sectors. It is suggested that firm characteristics should be considered by the government in establishing relevant policies for enhancing firm productivity. |
| first_indexed | 2024-03-10T18:40:09Z |
| format | Article |
| id | doaj.art-feb137bc3bf8418f8b004e4a40da6c06 |
| institution | Directory Open Access Journal |
| issn | 2227-7099 |
| language | English |
| last_indexed | 2024-03-10T18:40:09Z |
| publishDate | 2020-07-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Economies |
| spelling | doaj.art-feb137bc3bf8418f8b004e4a40da6c062023-11-20T05:59:57ZengMDPI AGEconomies2227-70992020-07-01835710.3390/economies8030057How Heterogeneous Are the Determinants of Total Factor Productivity in Manufacturing Sectors? Panel-Data Evidence from VietnamQuang-Thanh Ngo0Quang-Van Tran1Tien-Dung Nguyen2Trung-Thanh Nguyen3Center for Economic and Financial Research (CEFR), University of Economics and Law (UEL), Ho Chi Minh City 71309, VietnamCenter for Economic and Financial Research (CEFR), University of Economics and Law (UEL), Ho Chi Minh City 71309, VietnamUniversity of Economics and Law (UEL), Vietnam National University Ho Chi Minh City (VNU-HCM), Ho Chi Minh City 71309, VietnamSchool of Economics and Management, Leibniz University Hannover, 30167 Hannover, GermanyOne of the remaining challenges in explaining differences in total factor productivity is heterogeneity between sectors and within a specific sector in terms of labor and capital. This paper employs the generalized method of moments (GMM) to identify factors that affect total factor productivity across 21 manufacturing sectors and to clarify the heterogeneous determinants of total factor productivity within manufacturing sectors for the period 2010–2015. Our estimations show that large firms have significantly greater total factor productivity levels than small firms in some fragmentations of firms in terms of both labor and total capital and in some manufacturing sectors. It is suggested that firm characteristics should be considered by the government in establishing relevant policies for enhancing firm productivity.https://www.mdpi.com/2227-7099/8/3/57total factor productivitypanel causalityheterogeneitymanufacturing sectorVietnam |
| spellingShingle | Quang-Thanh Ngo Quang-Van Tran Tien-Dung Nguyen Trung-Thanh Nguyen How Heterogeneous Are the Determinants of Total Factor Productivity in Manufacturing Sectors? Panel-Data Evidence from Vietnam Economies total factor productivity panel causality heterogeneity manufacturing sector Vietnam |
| title | How Heterogeneous Are the Determinants of Total Factor Productivity in Manufacturing Sectors? Panel-Data Evidence from Vietnam |
| title_full | How Heterogeneous Are the Determinants of Total Factor Productivity in Manufacturing Sectors? Panel-Data Evidence from Vietnam |
| title_fullStr | How Heterogeneous Are the Determinants of Total Factor Productivity in Manufacturing Sectors? Panel-Data Evidence from Vietnam |
| title_full_unstemmed | How Heterogeneous Are the Determinants of Total Factor Productivity in Manufacturing Sectors? Panel-Data Evidence from Vietnam |
| title_short | How Heterogeneous Are the Determinants of Total Factor Productivity in Manufacturing Sectors? Panel-Data Evidence from Vietnam |
| title_sort | how heterogeneous are the determinants of total factor productivity in manufacturing sectors panel data evidence from vietnam |
| topic | total factor productivity panel causality heterogeneity manufacturing sector Vietnam |
| url | https://www.mdpi.com/2227-7099/8/3/57 |
| work_keys_str_mv | AT quangthanhngo howheterogeneousarethedeterminantsoftotalfactorproductivityinmanufacturingsectorspaneldataevidencefromvietnam AT quangvantran howheterogeneousarethedeterminantsoftotalfactorproductivityinmanufacturingsectorspaneldataevidencefromvietnam AT tiendungnguyen howheterogeneousarethedeterminantsoftotalfactorproductivityinmanufacturingsectorspaneldataevidencefromvietnam AT trungthanhnguyen howheterogeneousarethedeterminantsoftotalfactorproductivityinmanufacturingsectorspaneldataevidencefromvietnam |