Firm heterogeneity and total factor productivity: new panel-data evidence from Vietnamese manufacturing firms

This paper investigates firm heterogeneity in total factor productivity across manufacturing sectors for Vietnamese manufacturers over the period 2010-2016. Productivity is proxied by total factor productivity and estimated by following a procedure by Ackerberg et al. (2015) [Ackerberg, D. A., Caves...

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Tác giả chính:	Ngo, Q.T.
Đồng tác giả:	Van Tran, Q.
Định dạng:	Journal Article
Ngôn ngữ:	English
Thông tin xuất bản:	Growing Science 2020
Chủ đề:	FDI-driven TFP Heterogeneity Manufacturing firms Spillover effects TFP dispersion TFP distance Total factor productivity growth Vietnam
Truy cập trực tuyến:	https://www.scopus.com/inward/record.uri?eid=2-s2.0-85078089089&doi=10.5267%2fj.msl.2019.12.016&partnerID=40&md5=54ff201e025147339154dae15881e789 http://digital.lib.ueh.edu.vn/handle/UEH/60905 https://doi.org/10.5267/j.msl.2019.12.016
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spelling	oai:localhost:UEH-609052021-08-20T03:26:59Z Firm heterogeneity and total factor productivity: new panel-data evidence from Vietnamese manufacturing firms Ngo, Q.T. Van Tran, Q. FDI-driven TFP Heterogeneity Manufacturing firms Spillover effects TFP dispersion TFP distance Total factor productivity growth Vietnam This paper investigates firm heterogeneity in total factor productivity across manufacturing sectors for Vietnamese manufacturers over the period 2010-2016. Productivity is proxied by total factor productivity and estimated by following a procedure by Ackerberg et al. (2015) [Ackerberg, D. A., Caves, K., & Frazer, G. (2015). Identification properties of recent production function estimators. Econometrica, 83(6), 2411-2451.], using value-added production. While several measurements of total factor productivity are used, namely: growth, distance, dispersion and spillover effects, firm heterogeneity in productivity sources conveys more information about firm-specific differences in productivity. In this regard, in terms of labor, the larger firms yield higher TFP level/TFP distance /TFP dispersion, whereas, in terms of capital stocks, TFP level/TFP distance /TFP dispersion decreases as firm sizes increase. With respect to average wage, top-quartile firms paying high wages register much greater TFP level/ TFP dispersion than bottom-quartile firms. We find that the beneficial impact of exports on productivity is the most evident when firms become exporters and exporters shorten the TFP distance and strengthen TFP dispersion. Regarding ownership, FDI exporters have significantly higher TFP growth/ TFP dispersion than domestic firms. Results from firm heterogeneity effects on TFP certainly provoke policies expanding SMEs in terms of capital stocks and obtaining advantages of labor costs, paying higher wage rate, involving into the trade, and may have the foreign capital investment. 2020-12-09T07:01:02Z 2020-12-09T07:01:02Z 2020 Journal Article 1923-9335 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85078089089&doi=10.5267%2fj.msl.2019.12.016&partnerID=40&md5=54ff201e025147339154dae15881e789 http://digital.lib.ueh.edu.vn/handle/UEH/60905 https://doi.org/10.5267/j.msl.2019.12.016 en Management Science Letters Vol. 10, Issue 7 none Portable Document Format (PDF) 1505 1512 Growing Science
institution	Đại học Kinh tế Thành phố Hồ Chí Minh
collection	DSpaceUEH
language	English
topic	FDI-driven TFP Heterogeneity Manufacturing firms Spillover effects TFP dispersion TFP distance Total factor productivity growth Vietnam
spellingShingle	FDI-driven TFP Heterogeneity Manufacturing firms Spillover effects TFP dispersion TFP distance Total factor productivity growth Vietnam Ngo, Q.T. Firm heterogeneity and total factor productivity: new panel-data evidence from Vietnamese manufacturing firms
description	This paper investigates firm heterogeneity in total factor productivity across manufacturing sectors for Vietnamese manufacturers over the period 2010-2016. Productivity is proxied by total factor productivity and estimated by following a procedure by Ackerberg et al. (2015) [Ackerberg, D. A., Caves, K., & Frazer, G. (2015). Identification properties of recent production function estimators. Econometrica, 83(6), 2411-2451.], using value-added production. While several measurements of total factor productivity are used, namely: growth, distance, dispersion and spillover effects, firm heterogeneity in productivity sources conveys more information about firm-specific differences in productivity. In this regard, in terms of labor, the larger firms yield higher TFP level/TFP distance /TFP dispersion, whereas, in terms of capital stocks, TFP level/TFP distance /TFP dispersion decreases as firm sizes increase. With respect to average wage, top-quartile firms paying high wages register much greater TFP level/ TFP dispersion than bottom-quartile firms. We find that the beneficial impact of exports on productivity is the most evident when firms become exporters and exporters shorten the TFP distance and strengthen TFP dispersion. Regarding ownership, FDI exporters have significantly higher TFP growth/ TFP dispersion than domestic firms. Results from firm heterogeneity effects on TFP certainly provoke policies expanding SMEs in terms of capital stocks and obtaining advantages of labor costs, paying higher wage rate, involving into the trade, and may have the foreign capital investment.
author2	Van Tran, Q.
author_facet	Van Tran, Q. Ngo, Q.T.
format	Journal Article
author	Ngo, Q.T.
author_sort	Ngo, Q.T.
title	Firm heterogeneity and total factor productivity: new panel-data evidence from Vietnamese manufacturing firms
title_short	Firm heterogeneity and total factor productivity: new panel-data evidence from Vietnamese manufacturing firms
title_full	Firm heterogeneity and total factor productivity: new panel-data evidence from Vietnamese manufacturing firms
title_fullStr	Firm heterogeneity and total factor productivity: new panel-data evidence from Vietnamese manufacturing firms
title_full_unstemmed	Firm heterogeneity and total factor productivity: new panel-data evidence from Vietnamese manufacturing firms
title_sort	firm heterogeneity and total factor productivity: new panel-data evidence from vietnamese manufacturing firms
publisher	Growing Science
publishDate	2020
url	https://www.scopus.com/inward/record.uri?eid=2-s2.0-85078089089&doi=10.5267%2fj.msl.2019.12.016&partnerID=40&md5=54ff201e025147339154dae15881e789 http://digital.lib.ueh.edu.vn/handle/UEH/60905 https://doi.org/10.5267/j.msl.2019.12.016
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Firm heterogeneity and total factor productivity: new panel-data evidence from Vietnamese manufacturing firms

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