|
|
|
|
||||
|
||||
Dual Economies and International Total Factor Productivity DifferencesAreendam ChandaLouisiana State University, Baton Rouge - Department of Economics Carl‐Johan DalgaardUniversity of Copenhagen - Department of Economics October 2006 Abstract: This paper provides a framework which decomposes aggregate TFP into a component reflecting relative efficiency across sectors, and another component which reflects the absolute level of efficiency. A development accounting analysis suggests that as much as 85 percent of the international variation in aggregate TFP can be attributed to variation in relative efficiency across sectors. Estimation results show that recent findings highlighting the importance of good institutions, and to some extent trade, on levels of TFP, can be explained by their impact on relative efficiency.
Number of Pages in PDF File: 32 Keywords: Total Factor Productivity, Structural Change, Development Accounting, IV estimation, Institutions, Geography, Trade JEL Classification: O47, C31, O50 working papers seriesDate posted: June 11, 2003Suggested CitationContact Information
|
|
|||||||||||||||||||||||||||||
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
FAQ
Terms of Use
Privacy Policy
Copyright
This page was processed by apollo3 in 0.328 seconds
