Total factor productivity, its components and drivers
We consider how the growth of total factor productivity (TFP) was affected by R&D, trade, information and communication technology, and catching-up for the period from 1990 to 2006. Our contributions are: Firstly, to decompose TFP growth into two distinct measures for catching-up and for innovation...| Link(s) zu Dokument(en): | IHS Publikation |
|---|---|
| Hauptverfasser: | , , |
| Format: | Article in Academic Journal PeerReviewed |
| Sprache: | Englisch |
| Veröffentlicht: |
Springer
2021
|
| Zusammenfassung: | We consider how the growth of total factor productivity (TFP) was affected by R&D, trade, information and communication technology, and catching-up for the period from 1990 to 2006. Our contributions are: Firstly, to decompose TFP growth into two distinct measures for catching-up and for innovation using the Malmquist index; secondly, to update related investigations. Summarizing our findings, catching-up effects are statistically important, whereas frontier shifts tend to be smaller with increasing distance to the frontier, and large differences exist and persist between sectors and countries. |
|---|