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      Analysis of total factor productivity growth in marine and offshore industry

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      FYP_HE_2AY1516_25_Main Report.pdf (657.9Kb)
      Author
      Chia, Cheryl Xin Yu
      Lin, Joyce Shi Ying
      Neo, Kai Min
      Date of Issue
      2016
      School
      School of Humanities and Social Sciences
      Abstract
      The main motivation behind this paper is to estimate the Total Factor Productivity growth (TFPG) in Marine and Offshore (M&O) industry from 1981 to 2013, and find out the determinants of estimated TFPG in this industry. Using a translog production function, estimated TFPG and its translog index are predicted from 1981 to 2013. The overall trend of estimated TFPG has been found to be declining gradually and there is a positive and significant relationship between output growth and TFPG in M&O industry from 1981 to 2013. Next, the Ordinary Least Square model was applied to analyse the variables that have an effect on the TFPG in M&O industry. Among others, value-added per worker and R&D expenditure in private sector are found to have significant positive influence on TFPG, while accident frequency rate and employer’s CPF contribution rate are found to have significant negative influence on TFPG.
      Subject
      DRNTU::Social sciences
      Type
      Final Year Project (FYP)
      Rights
      Nanyang Technological University
      Collections
      • HSS Student Reports (FYP/IA/PA/PI)

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