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The lack of convergence of Latin-America compared with CESEE : is low investment to blame?
Bakker, Bas B.; Ghazanchyan, Manuk; Ho, Alex; Nanda, Vibha - 2020
result of low investment. Latin America is poorer because of lower human capital levels and lower TFP-not because of a lower … capital-output ratio. Cross-country differences of TFP in turn are associated with differences in human capital, governance … the result of low TFP and thus GDP growth-not the cause …
Persistent link: https://www.econbiz.de/10012252005
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Importing inputs for climate change mitigation : the case of agricultural productivity
García-Verdú, Rodrigo; Meyer Cirkel, Alexis; … - 2019
This paper estimates agricultural total factor productivity (TFP) in 162 countries between 1991 and 2015 and aims to … understand sources of cross-country variations in agricultural TFP levels and its growth rates. Two factors affecting … agricultural TFP are analyzed in detail - imported intermediate inputs and climate. We first show that these two factors are …
Persistent link: https://www.econbiz.de/10012009267
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Global declining competition
Díez, Federico J.; Fan, Jiayue; Villegas-Sánchez, Carolina - 2019
Using a new firm-level dataset on private and listed firms from 20 countries, we document five stylized facts on market power in global markets. First, competition has declined around the world, measured as a moderate increase in average firm markups during 2000- 2015. Second, the markup...
Persistent link: https://www.econbiz.de/10012019850
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Relating the Knowledge Production Function to total Factor Productivity : An Endogenous Growth Puzzle
Joutz, Frederick L. - 2005
captures a long-run positive relationship between TFP and the knowledge stock. The results indicate the presence of strong … intertemporal knowledge spillovers and that the long-run impact of the knowledge stock on TFP is small. This evidence is interpreted …
Persistent link: https://www.econbiz.de/10014400700
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Commodity price volatility and the sources of growth
Cavalcanti, Tiago; Mohaddes, Kamiar; Raissi, Mehdi - 2012
Persistent link: https://www.econbiz.de/10009424700
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Investment, Capital Accumulation, and Growth : Some Evidence From the Gambia 1964-1998
Beddies, Christian H. - 1999
This paper considers the potential variables that have determined economic growth in The Gambia during 1964–98. The results indicate that The Gambia’s aggregate production function exhibits increasing returns to scale, thus supporting the endogenous growth-type model. The impact of private...
Persistent link: https://www.econbiz.de/10014400640
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The Impact of Public Capital, Human Capital, and Knowledgeon Aggregate Output
Joutz, Frederick L. - 2008
This paper investigates the impact of public capital on private sector output by testing and estimating an aggregate production function for the U.S. economy over the postwar period augmented to include the stock of public capital as an additional factor input. We use patent applications to...
Persistent link: https://www.econbiz.de/10014401381
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Commodity Price Volatility and the Sources of Growth
International Monetary Fund - 2012
This paper studies the impact of the level and volatility of the commodity terms of trade on economic growth, as well as on the three main growth channels: total factor productivity, physical capital accumulation, and human capital acquisition. We use the standard system GMM approach as well as...
Persistent link: https://www.econbiz.de/10014396933
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Productivity in the OECD Countries : A Critical Appraisal of the Evidence
Calderón, César - 2001
suggested that these differences should be driven by cross-country differences in total factor productivity (TFP). This paper …
Persistent link: https://www.econbiz.de/10014403617
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Real Exchange Rate Levels, Productivity and Demand Shocks : Evidence From a Panel of 14 Countries
Johnston, Louis Dorrance - 1997
We investigate the long-run relationship between the real exchange rate, traded and nontraded productivity levels, and government spending for 14 OECD countries, using recently developed panel cointegration tests. The results indicate that under certain assumptions it is easier to detect...
Persistent link: https://www.econbiz.de/10014401799