English, Article edition: EXTERNAL ECONOMIES IN TAIWAN'S MANUFACTURING INDUSTRIES Vei-Lin Chan; Been-Lon Chen; Kee-Nam Cheung

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Physical Description
  • article
Language
  • English

Edition details

Title
  • EXTERNAL ECONOMIES IN TAIWAN'S MANUFACTURING INDUSTRIES
Author
  • Vei-Lin Chan
  • Been-Lon Chen
  • Kee-Nam Cheung
Physical Description
  • article
Notes
  • This paper presents estimates of indexes of internal returns to scale and external economies for two-digit manufacturing industries in Taiwan. Estimating the returns to scale indexes involves using both SUR and 3SLS estimation procedures. The data strongly support the presence of external increasing returns to scale. The findings indicate no evidence of internal increasing return in all two-digit manufacturing industries. According to the endogenous growth literature, the existence of externalities in production bears important economic implications in some aspects of economic growth, even though the data cannot distinguish the transmission mechanism. Copyright 1995 Western Economic Association International.
  • RePEc:bla:coecpo:v:13:y:1995:i:4:p:118-130
Language
  • English
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