Study on Regional Efficiency and Productivity of Guangdong Province
—Based on Hicks-Moorsteen TFP Index

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DOI: 10.4236/me.2018.912134    655 Downloads   1,285 Views  Citations
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ABSTRACT

In this paper, Hicks-Moorsteen TFP index is employed to investigate regional efficiency and productivity of 21 cities in Guangdong province during 2000-2015. The findings demonstrate that the efficiency of the whole province first rises and then falls, and has rebounded in recent years. Technical efficiency and scope efficiency have increased, while regional scale efficiency has declined. The Pearl River Delta region has obvious competitive advantages, and scope efficiency alleviates the decline in the efficiency of the non PRD. Secondly, the results indicate that Shenzhen has strong regional development competitiveness, and the economic development efficiency which leads Guangdong province. Thirdly, although the total factor productivity of 21 cities in Guangdong province has increase 0.38 percent with an average level of 1.0165 during this period with a comparatively large fluctuation, the slow growth of technological progress hindered the progress of TFP to some extent. In addition, the TFP level in the PRD region has some advantages over the non PRD region. Finally, as the most efficient city, Shenzhen’s TFP level is in the middle and upper reaches and has great potential.

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Miao, J. (2018) Study on Regional Efficiency and Productivity of Guangdong Province
—Based on Hicks-Moorsteen TFP Index. Modern Economy, 9, 2164-2180. doi: 10.4236/me.2018.912134.
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