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Previous research shows that technical progress at the industry level, measured by sectoral TFP growth, is more localized in continental European countries than in Anglo-Saxon coun-tries. We use EU KLEMS data sets to decompose sectoral TFP for nine European countries by means of a Malmquist...
Persistent link: https://www.econbiz.de/10010343753
technological progress is much more evenly distributed across sectors than TFP. -- Total Factor Productivity ; Generalized Malmquist … Productivity Index ; sectoral technical change …
Persistent link: https://www.econbiz.de/10009579300
in total factor productivity (TFP), but the sources of TFP differences are not well understood. This paper considers the … parameterization, my model shows that conventional TFP measures overestimate fundamental productivity differences by 30%. I then show …
Persistent link: https://www.econbiz.de/10011311201
nonparametrically computed productivity measures to scan the frontier shifts across the entire input-output space. The shifts of the …
Persistent link: https://www.econbiz.de/10010527200
This paper employs a nonparametric approach to investigate the sources of growth in labor productivity for 77 countries … and to decompose it in the following three components: (1) total factor productivity; (2) capital deepening; and (3 …
Persistent link: https://www.econbiz.de/10013130925
In the years since the Great Recession, many observers have highlighted the slow pace of productivity growth around the … the mid-1990s. We provide VAR and panel-data evidence that changes in real interest rates have influenced productivity … have triggered unfavorable resource reallocations that were large enough to reduce the level of total factor productivity …
Persistent link: https://www.econbiz.de/10012995508
productivity differences, and the size-dependent distortions emphasized in the misallocation literature. Our findings indicate that …
Persistent link: https://www.econbiz.de/10013002439
-sectional distributions of technological productivity are well-approximated either by the lognormal, Weibull, or a novel “CES … convergence of the true technological productivity distribution to the theoretical limit with n …
Persistent link: https://www.econbiz.de/10013003906
In a recent paper, Bloom et al. (2020) find evidence for a substantial decline in research productivity in the U …
Persistent link: https://www.econbiz.de/10012829085
literature: (i) finding the Holy Grail: total factor productivity is, by construction, a weighted average of dollars per worker …
Persistent link: https://www.econbiz.de/10012835343