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MANUFACTURING GROWTH (2) answer(s).
 
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ID:   122453


Trade openness and manufacturing sector performance in Nigeria / Umoh, Okon J; Effiong, Ekpeno L   Journal Article
Umoh, Okon J Journal Article
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Publication 2013.
Summary/Abstract How important is trade openness as a vehicle for driving productivity in developing countries? We offer a sector-specific analysis with focus on the manufacturing sector for meaningful policy insights. Using a modern econometric technique-the autoregressive distributed lag approach to cointegration-this article attempts to establish the relationship between openness to trade and manufacturing performance in Nigeria for the period 1970-2008. The results suggest that trade openness has a significant positive impact on manufacturing productivity in Nigeria both in the short and long run. These coefficient estimates are robust and stable over the time. Therefore, the policy direction for the manufacturing sector in Nigeria should focus more on open policies through trade liberalisation as a long-term plan. Reduction in trade restrictions and implementation of appropriate incentives are vital for resuscitating the performance of the sector. In this aspect, policy-makers should leverage the benefits of openness to the comparative advantages in the liberalised sector.
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2
ID:   132778


Tyranny of numbers revisited and the case of China's manufactur: factor allocation, structural adjustment and productivity dynamics / Chen, Yongwei; Hu, Wei-Min; Szulga, Radek   Journal Article
Chen, Yongwei Journal Article
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Publication 2014.
Summary/Abstract In this paper we adopt the methodology proposed by Olley and Pakes to estimate total factor productivity in Chinese manufacturing industries using the 2001-2007 annual survey of manufacturing factories. The changes in TFP are decomposed both at the sectoral and the industry level using the Baily-Hulten-Campbell and Syrquin approaches. We find that the nature of growth of Chinese manufacturing has not changed fundamentally during the period, particularly in terms of the high dependence on intermediate inputs. At the inter-industry level, current changes in TFP mainly originate from the increase in the internal TFPs of different industries. Although the influence of structural adjustment on TFP is positive its value is still low, suggesting that significant potential for improvement in productivity in manufacturing through adjustments in structure still exists. At the intra-industry level, the improvement in TFP in different industries can be mainly attributed to the reallocation of resources and output quotas, which results from enhanced competition.
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