caa a22 4500 378899104 CHVBK 20180305123513.0 cr unu---uuuuu 161128e20041026xx s 000 0 eng 10.2202/1538-0653.1193 doi (NATIONALLICENCE)gruyter-10.2202/1538-0653.1193 Kee Hiau Looi 1The World Bank, hlkee@worldbank.org Estimating Productivity When Primal and Dual TFP Accounting Fail: An Illustration Using Singapore's Industries [Elektronische Daten] [Hiau Looi Kee] For both primal and dual TFP growth accounting to properly account for productivity growth, assumptions of constant returns to scale and perfect competition are necessary. This paper shows that without these assumptions, while both TFP growth accounting measures remain equal if factor shares are constant, they are also equally bad at measuring productivity growth. This paper proposes a structural regression to estimate productivity growth based on more general production and cost functions. Using Singapore's industries as illustrations, this paper finds that the assumptions are widely rejected, and the estimated productivity growth exceeds both the accounting measures. When the same methodology is applied to the aggregate Singapore data, the estimated productivity growth is 4.4 percent per year, significantly higher than that of Young's (1992) and Hsieh's (2002). ©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston Productivity nationallicence TFP growth nationallicence markups nationallicence scale economies nationallicence factor shares nationallicence Topics in Economic Analysis & Policy De Gruyter 4/1(2004-10-26) 4:1 2004 4 bejeap https://doi.org/10.2202/1538-0653.1193 text/html Onlinezugriff via DOI 1 research article jats NATIONALLICENCE 856 40 https://doi.org/10.2202/1538-0653.1193 text/html Onlinezugriff via DOI NATIONALLICENCE 100 1- Kee Hiau Looi 1The World Bank, hlkee@worldbank.org NATIONALLICENCE 773 0- Topics in Economic Analysis & Policy De Gruyter 4/1(2004-10-26) 4:1 2004 4 bejeap CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-gruyter