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- Title
Productivity Performance of Singapore's Retail Sector: A Two-Stage Non-Parametric Approach.
- Authors
Boon L. Lee
- Abstract
This paper seeks to identify and quantify sources of the lagging productivity in Singapore's retail sector as reported in the Economic Strategies Committee 2010 report. A two-stage analysis is adopted. In the first stage, the Malmquist productivity index is employed which provides measures of productivity change, technological change and efficiency change. In the second stage, technical efficiency estimates are regressed against explanatory variables based on a truncated regression model. Sources of technical efficiency were attributed to quality of workers while product assortment and competition negatively impacted on efficiency.
- Subjects
SINGAPORE; RETAIL industry; PRODUCTION (Economic theory); TECHNOLOGICAL innovations; REGRESSION analysis; PERFORMANCE management
- Publication
Economic Analysis & Policy, 2013, Vol 43, Issue 1, p67
- ISSN
0313-5926
- Publication type
Article
- DOI
10.1016/S0313-5926(13)50004-X