Industrial Development in Malaysia and Singapore: Empirical Analysis with Multiple‐Cone Heckscher–Ohlin Model
Industrial Development in Malaysia and Singapore: Empirical Analysis with Multiple‐Cone Heckscher–Ohlin Model
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DOI：
10.1111/rode.12595
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发表时间：
2019-08
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通讯作者：
Kensuke Suzuki;Y. Doi
中科院分区：
文献类型：
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作者：
Kensuke Suzuki;Y. Doi
本文运用多锥赫克歇尔-俄林模型分析了马来西亚和新加坡的产业发展。特别是，我们关注产业升级沿着资本积累，这是跨国生产技术和收入差异的关键决定因素。通过汇总两国1990 - 2008年制造业要素禀赋和部门产出的数据，我们估计了双锥Heckscher-Ohlin模型的共同产业发展路径，即资本劳动比与部门人均产出之间的Rybczynski线性关系。我们的研究结果表明，在控制了劳动力质量（受教育程度）之后，两国在样本期间处于不同的圆锥体中，这意味着新加坡在外国投资的支持下成功地稳定积累了资本，并升级了产业结构，使其更加资本密集。锥体的分离也与观察到的两国人均国内生产总值的差距相一致。此外，我们实施了一个要素增加的生产率测试，以查看资本和人力资本增加的劳动效率的差距，并确认两国之间没有显着差异。
This paper employs the multiple‐cone Heckscher–Ohlin model to analyze industrial development in Malaysia and Singapore. In particular, we focus on industrial upgrading along with capital accumulation as a key determinant for the cross‐country difference in production technology and income. By pooling two countries’ data on factor endowment and sectoral output in manufacturing from 1990 to 2008, we estimate the common industrial development paths of the two‐cone Heckscher–Ohlin model, the Rybczynski linear relationship between capital–labor ratio and sectoral output per capita. Our results demonstrate that, after controlling for quality of workers (by educational attainment), the two countries resided in different cones during our sample period, implying that Singapore succeeded in accumulating capital steadily with the support of foreign investment and upgrading its industry mix to make it more capital‐intensive. The separation of cones is also consistent with the observed gap in gross domestic product per capita between the two countries. Furthermore, we implement a factor‐augmenting productivity test to see the gaps in efficiency of capital and human‐capital‐augmented labor and confirm no significant difference between the two countries.