DETERMINANTS OF TOTAL FACTOR PRODUCTIVITY ACROSS PHILIPPINE
MANUFACTURING FIRMS: A SIMULTANEOUS QUANTILE
REGRESSION ANALYSIS

DETERMINANTS OF TOTAL FACTOR PRODUCTIVITY ACROSS PHILIPPINE
MANUFACTURING FIRMS: A SIMULTANEOUS QUANTILE
REGRESSION ANALYSIS

Total factor productivity, firm-specific determinants

Numerous studies found mixed evidence on the effects of firm-related factors
toward the conditional distribution of TFP performance done in a crosscountry,
industry, and firm-level perspectives abroad. Unfortunately, there is
still relatively little evidence to support these findings in the context of the
Philippines. Thus, this study analyzed whether the conditional distribution of
firm-level TFP performance varies according to the size of the firms, and
forms of ownership, and examined the impact of firm-related factors such as
firm size, form of ownership, R&D intensity, capital intensity, and export
intensity on the conditional distribution of manufacturing firms’ TFP
performance. The study utilized the comprehensive firm-level data gathered
from the World Bank Enterprise Survey conducted in 2015 across selected
manufacturing firms in the Philippines, and incorporated ordinary least
squares regression and simultaneous quantile regression models in the
estimation analyses. Empirical findings revealed that the conditional
distribution of firm-level TFP performance marginally varies across selected
manufacturing firms while these firms solely focus on domestic operations
supported by capital outlays with less engagement in R&D activities. Lastly,
capital intensity and firms’ form of ownership were found to have statistically
significant effects on the conditional distribution of firm-level TFP
performance observed across all quantiles.

Zandro Catacutan

https://jurnal.stie-aas.ac.id/index.php/IJEBAR

2022

peri irawan

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