Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/25110
Title: Total factor productivity measures for Hong Kong telephone
Authors: Lam, PL
Lam, T
Keywords: Hong Kong telephone company
Scheme of control
Total factor productivity (TFP)
Issue Date: 2005
Publisher: Elsevier Sci Ltd
Source: Telecommunications policy, 2005, v. 29, no. 1, p. 53-68 How to cite?
Journal: Telecommunications Policy 
Abstract: 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.
URI: http://hdl.handle.net/10397/25110
ISSN: 0308-5961
DOI: 10.1016/j.telpol.2003.12.009
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