英文摘要 |
Both Taiwan and mainland China adopt economic planning since 1952. Taiwan puts western capitalist system into effect. On the contrary, mainland China was bothered by political disturbance before 1978. Since then, mainland China has higher economic growth rate than before.Adopting the concept of Verdoorn (1949), Kaldor (1966) argued that manufacturing growth drives more growth of the Gross Domestic Product, the positive relationship between growth rate and productivity trends might be at working modern capitalist economies. The existence of this phenomenal indicates that there is substantial evidence that increasing returns are the norm for the manufacturing industries. This study tries to explore whether or not the Verdoorn's Law suits for cross-strait manufacturing industries during the past 47 years.For this purpose, we estimated the Malmquist total factor productivity indices and productivity indices of stochastic frontier model for cross-strait industries. And then we adopted Granger causality test to verify whether or not that the positive relationship existence between growth rate and productivity. The results indicate that the Verdoorn's Law exists in cross-strait trade in the short run, however, it is uncertain in the long run. |