Total factor productivity measures for Hong Kong telephone

Since the early 1960s, the Hong Kong Telephone Company (HKTC)—the dominant firm in Hong Kong's local telephone market—has undergone several regulatory reforms. The company has been subject to price control, rate-of-return regulation and price-cap regulation. This paper estimates the total facto...

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Bibliographic Details
Published in:Telecommunications policy 2005-02, Vol.29 (1), p.53-68
Main Authors: Lam, Pun-Lee, Lam, Teresa
Format: Article
Language:English
Subjects:
Business growth
Enterprises
Hong Kong
Hong Kong Telephone Company
Hong Kong telephone company Total factor productivity (TFP) Scheme of control
Policy studies
Productivity
Regulation
Regulatory reform
Scheme of control
Studies
Telecommunications
Telecommunications industry
Telecommunications policy
Telephone
Total factor productivity (TFP)
Wage & price controls
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Summary:Since the early 1960s, the Hong Kong Telephone Company (HKTC)—the dominant firm in Hong Kong's local telephone market—has undergone several regulatory reforms. The company has been subject to price control, rate-of-return regulation and price-cap regulation. This paper estimates the total factor productivity (TFP) growth of HKTC. The empirical results show that the estimated TFP growth of HKTC was 2.31–3.56% per year between 1964 and 1998. TFP growth varied substantially under different regulatory regimes, and the importance of the scale effect relative to the technological effect diminished over time.
ISSN:0308-5961
1879-3258
DOI:10.1016/j.telpol.2003.12.009