How technically efficient are Singapore's manufacturing industries?
This study attempts to understand the technical efficiency performance (i.e. how well resources and given technology are being used) in 28 manufacturing industries in Singapore from 1975-1994, using an improved version of the stochastic frontier model. In addition, an analytical model is used to investigate the causes of technical inefficiency in these industries to help policy formulation. The efficiency performance of foreign and local-dominated industries is also closely examined.