| Summary: | 碩士 === 國立交通大學 === 經營管理研究所 === 92 === Krugman (1994) says that the Asian miracle is driven by extraordinary growth in inputs such as labor and capital rather than by a growth in the total factor productivity (TFP). This paper analyzes the efficiency and productivity in the East-Asian and US economies. The DEA-Malmquist model is used. The major findings are as follows: 1. Compared to East-Asian economies, the US is the most efficient economy. 2. In the 1990s, both Singapore and Japan have a significantly high TFP growth. However, the East Asia’s TFP growth in the 1990s is not as good as that in the 1980s. 3. Although China has the lowest TFP growth, its TFP has been improving, due to the technological growth. 4. The Efficient change of Asian economies has a positive and significant effect on their economic growth.
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