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The Evolution of International Output Differences (1970-2000): From Factors to Productivity
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Pedro C. Ferreira
Veröffentlicht/Copyright:
8. Februar 2008
This article presents a group of exercises of level and growth decomposition of output per worker using cross-country data from 1970 to 2000. It is shown that in the early seventies factors of production (capital and education) were the main source of output dispersion across economies and that productivity variance was considerably smaller than in later years. Only after the mid-eighties did the prominence of productivity start to show up in the data, as the majority of the literature has found. The growth decomposition exercises show that the reversal of relative importance of productivity vis-à-vis factors is explained by the very good (bad) performance of productivity of fast- (slow-) growing economies. Although growth in the period, on average, is mostly due to factor accumulation, its variance is explained by productivity.
Keywords: cross-country income inequality; development accounting; total factor productivity; aggregate production function; growth accounting
Published Online: 2008-2-8
©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
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Artikel in diesem Heft
- Topics Article
- The Importance of Industrial Policy in Quality-Ladder Growth Models
- The Evolution of International Output Differences (1970-2000): From Factors to Productivity
- Non-Linearities and Unit Roots in G7 Macroeconomic Variables
- Mitigating the Growth-Effects of Inflation through Financial Development
- The Dynamics of European Inflation Expectations
- Target Saving in an Overlapping Generations Model
- Inequality, Volatility and Labour Market Efficiency
- Expected Equity Returns and the Demand for Money
- Forecasting with DSGE Models: The Role of Nonlinearities
- Job Reallocation, Unemployment and Hours in a New Keynesian Model
- Consolidation of Student Loan Repayments and Default Incentives
- Advent of Industrial Mass Production: Three Stages of Economic Development
- The Japanese Depression in the Interwar Period: A General Equilibrium Analysis
- Determinants of Bilateral Remittance Flows
- Cyclical Behavior of Unemployment and Job Vacancies: A Comparison between Canada and the United States
- Economic and Socio-Political Determinants of de Facto Monetary Institutions and Inflationary Outcomes
- On Equilibrium Determinacy in New Keynesian Models with Staggered Wage and Price Setting
- Contributions Article
- Growth-Led Exports: Implications for the Cross-Country Effects of Shocks to Potential Output
- Monetary Policy and Fiscal Rules
- Choosing Longevity with Overlapping Generations: To Be or Not to Be in Diamond's Model
- Nonlinear Taylor Rules and Asymmetric Preferences in Central Banking: Evidence from the United Kingdom and the United States
- Baumol's Diseases: A Macroeconomic Perspective
- Employment Growth in the American Urban Hierarchy: Long Live Distance
- Endogenous Persistence and the Performance of Inertial Targeting Rules
- Unemployment, Imperfect Risk Sharing, and the Monetary Business Cycle
- Technological Progress and the Urbanization Process
- Convergence by Parts
- Estimating Returns to Schooling from State-Level Data: A Macro-Mincerian Approach
- Great Moderation(s) and US Interest Rates: Unconditional Evidence
- Advances Article
- Downward Nominal Wage Rigidity in the OECD
- Monetary Policy under Downward Nominal Wage Rigidity
- Africa: Is Aid an Answer?
Schlagwörter für diesen Artikel
cross-country income inequality;
development accounting;
total factor productivity;
aggregate production function;
growth accounting
Artikel in diesem Heft
- Topics Article
- The Importance of Industrial Policy in Quality-Ladder Growth Models
- The Evolution of International Output Differences (1970-2000): From Factors to Productivity
- Non-Linearities and Unit Roots in G7 Macroeconomic Variables
- Mitigating the Growth-Effects of Inflation through Financial Development
- The Dynamics of European Inflation Expectations
- Target Saving in an Overlapping Generations Model
- Inequality, Volatility and Labour Market Efficiency
- Expected Equity Returns and the Demand for Money
- Forecasting with DSGE Models: The Role of Nonlinearities
- Job Reallocation, Unemployment and Hours in a New Keynesian Model
- Consolidation of Student Loan Repayments and Default Incentives
- Advent of Industrial Mass Production: Three Stages of Economic Development
- The Japanese Depression in the Interwar Period: A General Equilibrium Analysis
- Determinants of Bilateral Remittance Flows
- Cyclical Behavior of Unemployment and Job Vacancies: A Comparison between Canada and the United States
- Economic and Socio-Political Determinants of de Facto Monetary Institutions and Inflationary Outcomes
- On Equilibrium Determinacy in New Keynesian Models with Staggered Wage and Price Setting
- Contributions Article
- Growth-Led Exports: Implications for the Cross-Country Effects of Shocks to Potential Output
- Monetary Policy and Fiscal Rules
- Choosing Longevity with Overlapping Generations: To Be or Not to Be in Diamond's Model
- Nonlinear Taylor Rules and Asymmetric Preferences in Central Banking: Evidence from the United Kingdom and the United States
- Baumol's Diseases: A Macroeconomic Perspective
- Employment Growth in the American Urban Hierarchy: Long Live Distance
- Endogenous Persistence and the Performance of Inertial Targeting Rules
- Unemployment, Imperfect Risk Sharing, and the Monetary Business Cycle
- Technological Progress and the Urbanization Process
- Convergence by Parts
- Estimating Returns to Schooling from State-Level Data: A Macro-Mincerian Approach
- Great Moderation(s) and US Interest Rates: Unconditional Evidence
- Advances Article
- Downward Nominal Wage Rigidity in the OECD
- Monetary Policy under Downward Nominal Wage Rigidity
- Africa: Is Aid an Answer?
