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productivity (TFP) growth of 30 Chinese provinces during the period of 1993 to 2003. The random effects model with heteroscedastic …
Persistent link: https://www.econbiz.de/10010267745
This paper determines the relative importance of technical efficiency and reallocation for aggregate productivity … of productivity differences across firms. More precisely, we have information on human capital such as the level of … productivity growth by applying the decomposition introduced by Petrin and Levinsohn (2012). The outcome of this exercise will not …
Persistent link: https://www.econbiz.de/10011272796
Using a large, original database of 385 politically connected firms under the Mubarak regime in Egypt, we document for the first time the negative impact of cronyism on economic growth. In the early 2000s, a policy shift in Egypt led to the expansion of crony activities into new, previously...
Persistent link: https://www.econbiz.de/10011544875
Exploring and explaining development gaps between countries is an important theoretical and empirical task. This paper presents empirical studies related to economic growth and its determinants across countries, based on the use of data envelopment analysis method. It emphasizes the importance...
Persistent link: https://www.econbiz.de/10011841918
The growth of total factor productivity (TFP) in advanced economies has slowed significantly after the 1970s. The … global financial crisis (GFC) has resulted in the second productivity growth slowdown. This paper, on the basis of a broad … literature review, identifies the structural forces and legacies of the financial crisis, explaining the productivity growth …
Persistent link: https://www.econbiz.de/10012198633
world productivity growth was led by fast-growing newly emerging economies, whereas most developed countries experienced a … productivity growth, and decompose it into technical efficiency change and technical progress. Our empirical results indicate that … decrease in productivity growth. Technical efficiency change significantly contributed to economic growth for many fast …
Persistent link: https://www.econbiz.de/10009245409
Applications tend to ignore that measured TFP reflects the variation of output that cannot be explained by changes in inputs. Such a change is not necessarily technological, so measured TFP differences across firms are an amalgam of technological, efficiency and other differences in attributes,...
Persistent link: https://www.econbiz.de/10005562414
on domestic productivity. The domestic R&D capital stock plays an active role in Western Europe while in the Eastern part … transition countries seem to gain more in terms of productivity from the international diffusion process than their Western …
Persistent link: https://www.econbiz.de/10010264898
Economic analysts have used trends in total factor productivity (TFP) to evaluate the effectiveness with which …
Persistent link: https://www.econbiz.de/10012795772
Using a new survey, we show that the dispersion of marginal products across firms in the European Union is about twice as large as that in the United States. Reducing it to the US level would increase EU GDP by more than 30 percent. Alternatively, removing barriers between industries and...
Persistent link: https://www.econbiz.de/10011815929