Tfp Analysis of Korea and China's Freight Transport

by Zhao Cheng Total factor productivity has been regraded as stratagem index for a sustainable development in a country(or area) and as the criterion for a quantitative evaluation of the quality of economic performance. China's economy has continued a stable and rapid growth when the benchmark of the growth mainly refers to the GDP growth per year. It is necessary to measure the TFP behind the economy growth for a more complete analysis. With this consideration, some negative effects of the China economy are easy to observe. These negative factors can be characterized by the high input, high consumption, low input and low quality. In addition, with an insufficiency of the allocation of resources, the environment can be degraded. Even with different economic developing systems, Korea and China could take positive and interactive actions in various transport industries collaboration, especially in sea and air transportation in North East Asia. TFP is a very important index to measure the industry performance. In recent years, a great deal of efforts and many resources has been expended in developing the measurements of productivity performance, Data is available to measure the railway, road, water and air transport industry's TFP by variable methods, mainly based on the product function estimation. This dissertation applies the Data Envelope Analysis Malmquist Extended Model Analysis to China and Korea freight transport industry on the basis of the time panel dada for the period from 1985 to 2004(The